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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 1,399 $ (13,097)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 43,682 44,527
Amortization of above and below-market leases and lease inducements, net (2,385) (2,848)
Amortization of debt discounts and financing costs 771 926
Straight-line rent adjustment, net (1,491) (682)
Provision for estimated credit losses 52 8,808
Provision for asset impairment 0 9,002
Gain on sale of investment properties, net (880) (244)
Loss on extinguishment of debt 0 2,543
Equity in earnings of unconsolidated entities (1,395) (640)
Distributions from unconsolidated entities 5,775 2,299
Stock-based compensation, net 4,807 1,948
Changes in operating assets and liabilities:    
Accounts and rents receivable 5,797 (4,984)
Deferred costs and other assets, net (1,257) (1,538)
Accounts payable and accrued expenses 400 (3,650)
Other liabilities (1,276) (2,037)
Net cash provided by operating activities 53,999 40,333
Cash flows from investing activities:    
Purchase of investment properties 0 (32,377)
Capital expenditures and tenant improvements (6,696) (6,877)
Investment in development and re-development projects (1,546) (1,527)
Proceeds from sale of investment properties, net 1,317 5,737
Lease commissions and other leasing costs (2,283) (1,036)
Other assets (118) 208
Other liabilities (1,032) (1,554)
Net cash used in investing activities (10,358) (37,426)
Cash flows from financing activities:    
Common shares repurchased through share repurchase program (16,679) (5,201)
Proceeds from distribution reinvestment plan 0 185
Distributions to shareholders (27,707) (26,930)
Proceeds from debt 0 150,000
Payoffs of debt (50,000) (67,349)
Debt prepayment penalties 0 (2,504)
Principal payments on mortgage debt (649) (812)
Payment of finance lease liabilities (215) (188)
Payment of loan fees and deposits (50) (75)
Net cash (used in) provided by financing activities (95,300) 47,126
Net (decrease) increase in cash, cash equivalents and restricted cash (51,659) 50,033
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 172,111 310,781
Cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of capitalized interest 7,364 9,155
Cash paid for income taxes, net of refunds 295 610
Distributions payable to shareholders 13,921 13,642
Accrued capital expenditures and tenant improvements 1,880 1,367
Capitalized costs placed in service 3,124 5,505
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 437 5,567
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 0 249
Accounts payable and accrued expenses, lease intangibles, and other liabilities 0 (323)
Gain on sale of investment properties, net 880 244
Proceeds from sale of investment properties, net 1,317 5,737
Credits and other changes in cash inflow, net 0 413
Gross disposition price of investment properties $ 1,317 $ 6,150