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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 1,860 $ (60,039)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 31,390 33,377  
Straight-line rents (1,128) (1,128)  
Non-cash lease expense 1,041 619  
Net unrealized holding gains on investments (6,135)    
Distributions of operating income from unconsolidated affiliates 390 1,898  
Equity in earnings of unconsolidated affiliates (2,263) (1,255)  
Stock compensation expense 4,511 3,819  
Amortization of financing costs 1,269 1,763  
Impairment charges   51,549  
Gain on disposition of properties (4,612)    
Allowance for credit loss 3,065 1,273  
Adjustments to straight-line rent reserves 817 2,967  
Other, net (2,312) (1,107)  
Changes in assets and liabilities:      
Other liabilities 3,847 (6,844)  
Lease liability - operating leases (494) (376)  
Prepaid expenses and other assets 1,859 2,107  
Rents receivable (2,408) 1,682  
Accounts payable and accrued expenses 237 (2,327)  
Net cash provided by operating activities 30,934 27,978  
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisition of real estate 0 (19,088)  
Development, construction and property improvement costs (5,425) (13,576)  
Proceeds from the disposition of properties, net 15,703    
Investments in and advances to unconsolidated affiliates and other (1,725) (1,525)  
Return of capital from unconsolidated affiliates and other 4,377 5,024  
(Issuance) redemption of notes receivable   (59,000)  
Return (payment) of deposits for properties under contract   200  
Payment of deferred leasing costs (1,438) (2,763)  
Net cash provided by (used in) investing activities 11,492 (90,728)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal payments on mortgage and other notes (20,406) (1,488)  
Principal payments on unsecured debt (33,250) (5,000)  
Proceeds received on mortgage and other notes 3,809 689  
Proceeds from unsecured debt 536 122,245  
Payments of finance lease obligations   (625)  
(Repurchase) proceeds from the sale of Common Shares   (22,352)  
Capital contributions from noncontrolling interests 11,241 7,268  
Distributions to noncontrolling interests (6,800) (4,914)  
Dividends paid to Common Shareholders   (25,245)  
Deferred financing and other costs (333) (222)  
Net cash (used in) provided by financing activities (45,203) 70,356  
(Decrease) increase in cash and restricted cash (2,777) 7,606  
Cash of $19,232 and $15,845 and restricted cash of $14,692 and $14,165, respectively, beginning of period 33,924 30,010 $ 30,010
Cash of $15,424 and $23,404 and restricted cash of $15,723 and $14,212, respectively, end of period 31,147 37,616 $ 33,924
Supplemental disclosure of cash flow information      
Cash paid during the period for interest, net of capitalized interest of $902 and $2,938 respectively 11,824 14,156  
Cash paid for income taxes, net of refunds 100 219  
Supplemental disclosure of non-cash investing and financing activities      
Right-of-use assets, operating leases modified in exchange for operating lease liabilities 412    
Assumption of accounts payable and accrued expenses through acquisition of real estate   116  
Distribution declared and payable on April 15, 2021 and 2020, respectively $ 13,993 $ 26,816