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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 8,276 $ 4,812
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 16,733 15,850
Amortization of intangibles 14,570 13,646
Amortization of deferred financing costs 1,742 901
Amortization of mortgage discounts and premiums, net 102 267
Amortization of below-market lease liabilities (1,011) (901)
Amortization of above-market lease assets 1,112 1,203
Amortization of above- and below- market ground lease assets 236 250
Bad debt expense 59 43
Unbilled straight-line rent (1,626) (1,503)
Equity-based compensation 2,109 (832)
Unrealized loss on foreign currency transactions, derivatives, and other 452 2,550
Unrealized loss on undesignated foreign currency advances and other hedge ineffectiveness 76 43
Payments for settlement of derivatives (719) 0
Gain on disposition of real estate investments (892) 0
Changes in operating assets and liabilities, net:    
Prepaid expenses and other assets (6,230) (1,493)
Deferred tax assets 12 (28)
Accounts payable and accrued expenses (12,396) 4,034
Prepaid rent 4,593 2,954
Deferred tax liability (267) 408
Taxes payable (2,180) (1,527)
Net cash provided by operating activities 24,751 40,677
Cash flows from investing activities:    
Investment in real estate and real estate related assets (23,454) (63,596)
Deposits for real estate acquisitions (1,200) (6,750)
Capital expenditures (11,265) (108)
Proceeds from dispositions of real estate investments 9,277 0
Payments for settlement of derivatives 0 (561)
Net cash used in investing activities (26,642) (71,015)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 26,000 70,000
Repayments on revolving credit facilities (130,000) (30,000)
Proceeds from mortgage notes payable 84,228 32,750
Payments on mortgage notes payable (82,636) (1,305)
Deposits on mortgages (300) 0
Proceeds from issuance of common stock, net 150,198 (13)
Proceeds from issuance of preferred stock, net 1,613 (419)
Payments of financing costs (857) 0
Dividends paid on Common Stock (43,270) (35,833)
Dividends paid on Preferred Stock (2,455) (2,451)
Distributions to non-controlling interest holders (134) (158)
Net cash provided by financing activities 2,387 32,571
Net change in cash, cash equivalents and restricted cash 496 2,233
Effect of exchange rate changes on cash (5,554) (537)
Cash, cash equivalents and restricted cash, beginning of period 103,693 107,727
Cash, cash equivalents and restricted cash, end of period 98,635 109,423
Cash, cash equivalents and restricted cash, end of period 103,693 107,727
Supplemental Disclosures:    
Cash paid for interest 15,535 11,528
Cash paid for income taxes $ 3,140 $ 2,597