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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 33,545 $ 15,187
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 48,167 48,153
Amortization of intangibles 45,840 41,351
Amortization of deferred financing costs 4,825 3,738
Amortization of mortgage discounts and premiums, net 232 1,131
Amortization of below-market lease liabilities (2,900) (2,703)
Amortization of above-market lease assets 3,286 3,500
Amortization of above- and below- market ground lease assets 636 743
Bad debt expense 0 184
Unbilled straight-line rent (5,063) (4,828)
Equity-based compensation 7,039 1,198
Unrealized loss (gain) on foreign currency transactions, derivatives, and other (1,673) (4,921)
Unrealized loss on undesignated foreign currency advances and other hedge ineffectiveness 76 (18)
Payments for settlement of derivatives (1,773) 0
Loss on extinguishment of debt 1,328 3,897
(Gain) loss on disposition of real estate investments (14,792) 5,751
Impairment charges 6,375 0
Changes in operating assets and liabilities, net:    
Prepaid expenses and other assets (16,232) (11,962)
Deferred tax assets 39 30
Accounts payable and accrued expenses (12,373) 6,237
Prepaid rent 4,116 (1,277)
Deferred tax liability (624) (444)
Taxes payable (2,225) (1,550)
Net cash provided by operating activities 97,849 103,397
Cash flows from investing activities:    
Investment in real estate and real estate related assets (309,003) (267,379)
Deposits for real estate acquisitions (1,051) (3,775)
Capital expenditures (13,686) (2,614)
Proceeds from dispositions of real estate investments 141,538 23,310
Payments for settlement of net investment hedges 0 (561)
Net cash used in investing activities (182,202) (251,019)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 240,264 247,000
Repayments on revolving credit facilities (499,649) (87,375)
Proceeds from mortgage notes payable 579,369 332,424
Payments on mortgage notes payable (307,813) (317,595)
Deposits on mortgages 0 (200)
Payments on early extinguishment of debt charges (426) (2,398)
Proceeds from issuance of common stock, net 258,604 94,149
Proceeds from issuance of preferred stock, net 31,652 (247)
Proceeds from term loan 124,264 60,706
Payments of financing costs (19,000) (6,200)
Dividends paid on Common Stock (103,141) (108,352)
Dividends paid on Preferred Stock (7,646) (7,357)
Distributions to non-controlling interest holders (405) (448)
Net cash provided by financing activities 296,073 204,107
Net change in cash, cash equivalents and restricted cash 211,720 56,485
Effect of exchange rate changes on cash (5,501) (5,533)
Cash, cash equivalents and restricted cash, beginning of period 103,693 107,727
Cash, cash equivalents and restricted cash, end of period 309,912 158,679
Cash, cash equivalents and restricted cash, end of period 103,693 107,727
Supplemental Disclosures:    
Cash paid for interest 45,270 37,766
Cash paid for income taxes 5,155 4,350
Non-Cash Financing Activity:    
Loss on extinguishment of debt $ 902 $ 1,499