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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income attributable to common stockholders $ 26,784 $ 390,583
Adjustments to reconcile net income attributable to common stockholders to net cash provided by operating activities:    
Depreciation and amortization 54,443 64,857
Amortization of deferred financing costs 1,267 2,761
Amortization of above- and below-market leases 362 (1,239)
Other amortization expenses 1,989 2,159
Gain on real estate disposition from continuing operations (460) 0
Gain on real estate dispositions of discontinued operations 0 (395,801)
Loss on extinguishment of debt 3,367 28,751
Impairment losses 7,387 27,837
Straight-line rent adjustments (7,530) (12,492)
Stock-based compensation 3,034 1,756
Changes in operating assets and liabilities:    
Accounts payable and other liabilities (2,770) (7,172)
Other assets 1,158 2,816
Net cash provided by operating activities 89,031 104,816
Cash flows from investing activities:    
Investment in real estate (157,194) (25,048)
Consideration paid for the internalization transaction 0 (15,000)
Proceeds from real estate disposition 22,822 1,295,367
Capital expenditures (7,577) (20,323)
Change in deposits and other costs for investments in real estate 0 (400)
Collection of notes receivable 0 28,500
Net cash (used in) provided by investing activities (141,949) 1,263,096
Cash flows from financing activities:    
Payments on notes payable 0 (453,422)
Proceeds from credit facility 845,000 15,000
Payments on credit facility (745,000) (433,000)
Payments for extinguishment of debt (4) (29,244)
Payments of deferred financing costs (6,936) (436)
Repurchase of common stock (6,452) (6,564)
Offering costs on issuance of common stock (193) (1,807)
Distributions to common stockholders (48,920) (450,143)
Net cash provided by (used in) financing activities 37,495 (1,359,616)
Net change in cash, cash equivalents and restricted cash (15,423) 8,296
Cash, cash equivalents and restricted cash - Beginning of period 32,880 67,909
Cash, cash equivalents and restricted cash - End of period 17,457 76,205
Supplemental cash flow disclosure:    
Interest paid, net of interest capitalized of $48 and $296, respectively 12,451 34,142
Supplemental disclosure of non-cash transactions:    
Common stock issued through distribution reinvestment plan 18,594 21,750
Change in accrued distributions to common stockholders 192 (1,642)
Change in accounts payable and other liabilities related to capital expenditures (3,295) 605
Right-of-use assets obtained in exchange for new operating lease liabilities $ 15,305 $ 625