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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (11,769) $ (2,693)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization, including amortization of capitalized loan costs 36,829 37,136
(Gain) loss on sale of real estate and other investments 190 (669)
Realized (gain) loss on marketable securities 3,378 0
(Gain) loss on litigation settlement 0 (2,286)
Share-based compensation expense 967 981
Other, net 909 1,350
Changes in other assets and liabilities:    
Other assets (2,036) (1,745)
Accounts payable and accrued expenses (3,192) (3,468)
Net cash provided by (used by) operating activities 25,276 28,606
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of marketable securities 3,856 0
Principal proceeds on mortgage loans receivable 10,020 0
Increase in mortgages and notes receivable (11,162) (159)
Proceeds from sale of real estate and other investments 1,162 9,882
Payments for acquisitions of real estate assets (22,770) (29,918)
Payments for improvements of real estate assets (12,428) (6,317)
Other investing activities 633 282
Net cash provided by (used by) investing activities (30,689) (26,230)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on mortgages payable (6,392) (74,614)
Proceeds from revolving lines of credit 41,578 146,439
Principal payments on revolving lines of credit (28,656) (26,000)
Payments for acquisition of noncontrolling interests – consolidated real estate entities (12,221) (1,260)
Proceeds from issuance of common shares 48,141 0
Repurchase of common shares 0 (15,677)
Repurchase of Series C preferred shares (5,579) 0
Repurchase of partnership units (23) (8,124)
Distributions paid to common shareholders (16,984) (16,583)
Distributions paid to preferred shareholders (3,314) (1,705)
Distributions paid to preferred unitholders (320) (57)
Distributions paid to noncontrolling interests – Unitholders of the Operating Partnership (1,472) (1,914)
Other financing activities (213) (59)
Net cash provided by (used by) financing activities 14,545 446
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 9,132 2,822
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 46,117 19,256
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 55,249 22,078
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued capital expenditures (458) 499
Real estate assets acquired through exchange of note receivable 17,663 0
Note receivable exchanged through real estate acquisition (17,663) 0
Property acquired through issuance of Series D preferred units 0 16,560
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 13,120 15,044
Common Stock    
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions declared but not paid 9,694 9,038
Preferred Stock    
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions declared but not paid 0 1,706
Preferred Units    
SUPPLEMENTARY SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Distributions declared but not paid $ 0 $ 160