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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 116,963 $ 72,938 $ 96,630
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 100,063 82,511 57,178
Income from acquired leasehold interest 0 (39,215) 0
Casualty and impairment loss 5,574 5,637 0
Gain on sale of real estate (52,625) (202) (15,618)
(Gain) loss on extinguishment of debt (2,524) 35,336 0
Amortization of deferred financing costs 2,879 2,876 2,830
Amortization of below market leases, net (33,975) (9,502) (7,776)
Straight-lining of rent (735) 352 227
Share-based compensation expense 9,741 7,137 5,433
Provision for doubtful accounts 4,138 3,445 1,214
Change in operating assets and liabilities:      
Tenant and other receivables (13,327) (13,749) (78)
Deferred leasing costs (4,675) (4,110) (3,815)
Prepaid and other assets 1,867 (4,432) 141
Accounts payable and accrued expenses 3,676 18,876 883
Net cash provided by operating activities 137,040 157,898 137,249
CASH FLOWS FROM INVESTING ACTIVITIES      
Real estate development and capital improvements (118,765) (89,344) (69,901)
Acquisition of real estate (4,931) (211,393) (9,267)
Proceeds from sale of operating properties 57,593 5,005 19,938
Insurance proceeds 1,300 0 0
Net cash used in investing activities (64,803) (295,732) (59,230)
CASH FLOWS FROM FINANCING ACTIVITIES      
Debt repayments (4,288) (129,640) (38,458)
Dividends to common shareholders (100,244) (95,381) (81,240)
Distributions to redeemable noncontrolling interests (11,116) (9,471) (5,071)
Debt issuance costs 0 (13,193) 0
Taxes withheld for vested restricted shares (385) (287) (38)
Payment on extinguishment of debt 0 (1,138) 0
Purchase of marketable securities in connection with debt defeasance 0 (536,505) 0
Proceeds related to the issuance of common shares 477 348,404 8,949
Proceeds from borrowings 0 935,700 0
Net cash (used in) provided by financing activities (115,556) 498,489 (115,858)
Net (decrease) increase in cash and cash equivalents and restricted cash (43,319) 360,655 (37,839)
Cash and cash equivalents and restricted cash at beginning of period 500,841 140,186 178,025
Cash and cash equivalents and restricted cash at end of period 457,522 500,841 140,186
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payment for interest, includes amounts capitalized of $2,769 and $2,912, respectively 65,699 55,140 51,137
Cash payments for income taxes 757 1,237 1,277
NON-CASH INVESTING AND FINANCING ACTIVITIES      
Accrued capital expenditures included in accounts payable and accrued expenses 25,661 14,651 12,492
Mortgage debt forgiven in foreclosure sale 24,307 0 0
Write-off of fully depreciated assets 11,537 3,286 4,585
Acquisition of real estate through issuance of OP units 0 171,084 0
Acquisition of real estate through assumption of debt 0 69,659 0
Marketable securities transferred in connection with debt defeasance 0 536,590 0
Defeasance of mortgages payable 0 (505,473) 0
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents and restricted cash at end of period 500,841 140,186 178,025
Urban Edge Properties LP      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 116,963 72,938 96,630
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 100,063 82,511 57,178
Income from acquired leasehold interest 0 (39,215) 0
Casualty and impairment loss 5,574 5,637 0
Gain on sale of real estate (52,625) (202) (15,618)
(Gain) loss on extinguishment of debt (2,524) 35,336 0
Amortization of deferred financing costs 2,879 2,876 2,830
Amortization of below market leases, net (33,975) (9,502) (7,776)
Straight-lining of rent (735) 352 227
Share-based compensation expense 9,741 7,137 5,433
Provision for doubtful accounts 4,138 3,445 1,214
Change in operating assets and liabilities:      
Tenant and other receivables (13,327) (13,749) (78)
Deferred leasing costs (4,675) (4,110) (3,815)
Prepaid and other assets 1,867 (4,432) 141
Accounts payable and accrued expenses 3,676 18,876 883
Net cash provided by operating activities 137,040 157,898 137,249
CASH FLOWS FROM INVESTING ACTIVITIES      
Real estate development and capital improvements (118,765) (89,344) (69,901)
Acquisition of real estate (4,931) (211,393) (9,267)
Proceeds from sale of operating properties 57,593 5,005 19,938
Insurance proceeds 1,300 0 0
Net cash used in investing activities (64,803) (295,732) (59,230)
CASH FLOWS FROM FINANCING ACTIVITIES      
Debt repayments (4,288) (129,640) (38,458)
Distributions to partners (111,360) (104,852) (86,311)
Debt issuance costs 0 (13,193) 0
Taxes withheld for vested restricted shares (385) (287) (38)
Payment on extinguishment of debt 0 (1,138) 0
Purchase of marketable securities in connection with debt defeasance 0 (536,505) 0
Proceeds related to the issuance of common shares 477 348,404 8,949
Proceeds from borrowings 0 935,700 0
Net cash (used in) provided by financing activities (115,556) 498,489 (115,858)
Net (decrease) increase in cash and cash equivalents and restricted cash (43,319) 360,655 (37,839)
Cash and cash equivalents and restricted cash at beginning of period 500,841 140,186 178,025
Cash and cash equivalents and restricted cash at end of period 457,522 500,841 140,186
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payment for interest, includes amounts capitalized of $2,769 and $2,912, respectively 65,699 55,140 51,137
Cash payments for income taxes 757 1,237 1,277
NON-CASH INVESTING AND FINANCING ACTIVITIES      
Accrued capital expenditures included in accounts payable and accrued expenses 25,661 14,651 12,492
Mortgage debt forgiven in foreclosure sale 11,537 0 0
Write-off of fully depreciated assets 24,307 3,286 4,585
Acquisition of real estate through issuance of OP units 0 171,084 0
Acquisition of real estate through assumption of debt 0 69,659 0
Marketable securities transferred in connection with debt defeasance 0 536,590 0
Defeasance of mortgages payable 0 (505,473) 0
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents and restricted cash at end of period $ 500,841 $ 140,186 $ 178,025