XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 31,795 $ 29,621
Adjustments to reconcile net income to net cash provided by operating activities:    
Change in fair value of derivatives 1 10
Depreciation and amortization of deferred leasing costs 23,033 21,852
Amortization of deferred debt costs 692 663
Non cash compensation costs of stock grants and options 1,013 950
Provision for credit losses 550 816
Decrease in accounts receivable and accrued income 1,889 1,752
Additions to deferred leasing costs (2,821) (2,443)
Decrease in prepaid expenses 3,333 2,771
Increase in other assets (3,662) (2,049)
Increase in accounts payable, accrued expenses and other liabilities 3,570 2,050
Decrease in deferred income (1,693) (2,451)
Net cash provided by operating activities 57,700 53,542
Cash flows from investing activities:    
Acquisitions of real estate investments (79,499) 0
Additions to real estate investments (7,280) (8,661)
Additions to development and redevelopment projects (7,731) (17,771)
Net cash used in investing activities (94,510) (26,432)
Cash flows from financing activities:    
Proceeds from notes payable 40,000 0
Repayments on notes payable (13,391) (12,154)
Proceeds from revolving credit facility 47,000 11,000
Repayments on revolving credit facility (12,000) (27,000)
Proceeds from construction loan 1,358 17,772
Additions to deferred debt costs (285) 0
Proceeds from the issuance of:    
Common stock 9,313 12,822
Partnership units 4,866 3,378
Distributions to:    
Series C preferred stockholders (6,188) (6,188)
Common stockholders (22,191) (19,172)
Noncontrolling interests (7,599) (6,590)
Net cash provided by (used in) financing activities 40,883 (26,132)
Net increase in cash and cash equivalents 4,073 978
Cash and cash equivalents, beginning of period 8,322 10,003
Cash and cash equivalents, end of period 12,395 10,981
Supplemental disclosure of cash flow information:    
Cash paid for interest 22,917 22,158
Increase (decrease) in accrued real estate investments and development costs $ 975 $ (4,696)