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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 12,795 $ 16,829
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of lease costs 12,748 11,281
Amortization of deferred debt costs 405 373
Compensation costs of stock grants and options 323 427
Credit losses on operating lease receivables 1,211 130
Decrease in accounts receivable and accrued income 1,061 2,187
Additions to deferred leasing costs (508) (4,764)
Decrease in other assets 831 1,448
Increase in accounts payable, accrued expenses and other liabilities 4,356 2,759
Increase (decrease) in deferred income 1,519 (4,620)
Increase in finance lease liability 37 0
Net cash provided by operating activities 34,778 26,050
Cash flows from investing activities:    
Payments to Acquire Other Real Estate [1] (8,399) 0
Additions to real estate investments (6,069) (8,516)
Additions to development and redevelopment projects (4,450) (13,072)
Net cash used in investing activities (18,918) (21,588)
Cash flows from financing activities:    
Repayments on notes payable (13,553) (23,352)
Proceeds from revolving credit facility 8,000 40,000
Repayments on revolving credit facility (8,500) (3,000)
Proceeds from construction loan 1,919 13,862
Additions to deferred debt costs 0 (33)
Proceeds from the issuance of:    
Common stock 2,840 4,610
Partnership units (1) [1] 575 734
Distributions to:    
Common stockholders (12,438) (12,275)
Noncontrolling interests (4,207) (4,180)
Net cash provided by (used in) financing activities (28,162) 13,568
Net increase (decrease) in cash and cash equivalents (12,302) 18,030
Cash and cash equivalents, beginning of period 26,856 13,905
Cash and cash equivalents, end of period 14,554 31,935
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,689 9,319
Decrease in accrued real estate investments and development costs (1,276) (2,836)
Series D Cumulative Redeemable Preferred Stock    
Distributions to:    
Preferred stockholders (1,148) (1,148)
Series E Cumulative Redeemable Preferred Stock    
Distributions to:    
Preferred stockholders $ (1,650) $ (1,650)
[1] The 2021 acquisition of real estate and proceeds from the issuance of partnership units each excludes $79,300 in connection with the contribution of Twinbrook Quarter by the B. F. Saul Real Estate Investment Trust in exchange for limited partnership units that are currently held in escrow. See notes 3 and 4.