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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income attributable to common stockholders $ 33,038 $ 26,784
Adjustments to reconcile net income attributable to common stockholders to net cash provided by operating activities:    
Depreciation and amortization 55,452 54,443
Amortization of deferred financing costs 1,240 1,267
Amortization of above- and below-market leases 619 362
Other amortization expenses 598 1,989
Gain on real estate dispositions (22) (460)
Loss on extinguishment of debt 0 3,367
Impairment losses 6,708 7,387
Straight-line rent adjustments, net of write-offs (2,490) (7,653)
Stock-based compensation 3,721 3,034
Changes in operating assets and liabilities:    
Accounts payable and other liabilities (1,063) (2,647)
Other assets 40 1,158
Net cash provided by operating activities 97,841 89,031
Cash flows from investing activities:    
Investments in real estate (69,821) (157,194)
Proceeds from real estate dispositions 12,388 22,822
Capital expenditures and other costs (1,590) (7,577)
Net cash used in investing activities (59,023) (141,949)
Cash flows from financing activities:    
Proceeds from credit facility 50,000 845,000
Payments on credit facility (28,000) (745,000)
Payments for extinguishment of debt 0 (4)
Payments of deferred financing costs (12) (6,936)
Repurchase of common stock (9,376) (6,452)
Offering costs on issuance of common stock (10) (193)
Distributions to common stockholders (49,774) (48,920)
Net cash (used in) provided by financing activities (37,172) 37,495
Net change in cash, cash equivalents and restricted cash 1,646 (15,423)
Cash, cash equivalents and restricted cash - Beginning of period 13,083 32,880
Cash, cash equivalents and restricted cash - End of period 14,729 17,457
Supplemental cash flow disclosure:    
Interest paid, net of interest capitalized 15,751 12,451
Supplemental disclosure of non-cash transactions:    
Common stock issued through distribution reinvestment plan 18,675 18,594
Change in accrued distributions to common stockholders 15 192
Change in accounts payable and other liabilities related to capital expenditures and investments in real estate 244 (3,295)
Right-of-use assets obtained in exchange for new lease liabilities $ 0 $ 15,305