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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (100) $ (3,486)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 21,687 22,122
Amortization of above and below-market leases and lease inducements, net (1,243) (1,542)
Amortization of debt discounts and financing costs 383 467
Straight-line rent adjustment, net (640) (541)
Provision for estimated credit losses 191 763
Provision for asset impairment 0 9,002
Gain on sale of investment properties, net (519) (457)
Equity in earnings of unconsolidated entities (620) (789)
Distributions from unconsolidated entities 3,300 2,299
Stock-based compensation, net 2,496 528
Changes in operating assets and liabilities:    
Accounts and rents receivable 4,006 4,423
Deferred costs and other assets, net (2,263) (3,627)
Accounts payable and accrued expenses (5,562) (9,375)
Other liabilities (270) (2,889)
Net cash provided by operating activities 20,846 16,898
Cash flows from investing activities:    
Purchase of investment properties 0 (32,377)
Capital expenditures and tenant improvements (2,953) (4,169)
Investment in development and re-development projects (544) (910)
Proceeds from sale of investment properties, net 899 650
Lease commissions and other leasing costs (1,037) (1,010)
Other assets (90) (250)
Other liabilities (765) (433)
Net cash used in investing activities (4,490) (38,499)
Cash flows from financing activities:    
Proceeds from distribution reinvestment plan 0 49
Distributions to shareholders (13,642) (13,252)
Proceeds from debt 0 150,000
Payoffs of debt (50,000) (41,000)
Principal payments of mortgage debt (329) (457)
Payment of finance lease liabilities (116) (100)
Payment of loan fees and deposits 0 (25)
Net cash (used in) provided by financing activities (64,087) 95,215
Net (decrease) increase in cash, cash equivalents, and restricted cash (47,731) 73,614
Cash, cash equivalents, and restricted cash at the beginning of the period 223,770 260,748
Cash, cash equivalents, and restricted cash at the end of the period 176,039 334,362
Reconciliation of cash, cash equivalents, and restricted cash to condensed consolidated balance sheets:    
Cash, cash equivalents, and restricted cash at the end of the period 176,039 334,362
Cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of capitalized interest 3,732 4,567
Cash refunded for income taxes, net 107 5
Distributions payable to shareholders 14,065 13,678
Accrued capital expenditures and tenant improvements 1,682 1,906
Capitalized costs placed in service 1,287 4,312
Reclassification of registration statement costs incurred to equity issuance costs 0 278
Purchase of investment properties:    
Net investment properties 0 30,515
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 0 3,770
Accounts payable and accrued expenses, lease intangibles, and other liabilities 0 (1,908)
Cash outflow for purchase of investment properties, net 0 32,377
Capitalized acquisition costs 0 (63)
Credits and other changes in cash outflow, net 0 890
Gross acquisition price of investment properties 0 33,204
Sale of investment properties:    
Net investment properties 380 193
Gain on sale of investment properties, net 519 457
Proceeds from sale of investment properties, net 899 650
Gross disposition price of investment properties $ 899 $ 650