|
Net income (loss)
|
|
$212k
|
$3.1m
|
$8.2m
|
$6.9m
|
($12.0m)
|
$6.9m
|
|
Depreciation and amortization
|
|
$15.5m
|
$30.8m
|
$50.1m
|
$63.7m
|
$76.9m
|
$86.4m
|
|
Amortization of deferred financing costs
|
|
$621k
|
$627k
|
$862k
|
$1.7m
|
$2.2m
|
$3.1m
|
|
Amortization of above/below-market assumed debt
|
|
$0
|
$0
|
$29k
|
$114k
|
$114k
|
$114k
|
|
Amortization of deferred losses (gains) on interest rate swaps
|
|
—
|
$0
|
$0
|
($2.1m)
|
($3.8m)
|
$2.9m
|
|
Provisions for impairment
|
|
$2.7m
|
$3.5m
|
$1.1m
|
$7.1m
|
$30.0m
|
$17.3m
|
|
Loss on debt extinguishment
|
|
—
|
$0
|
$0
|
$128k
|
$0
|
$46k
|
|
Noncash revenue adjustments
|
|
($2.2m)
|
($1.8m)
|
($2.5m)
|
($1.6m)
|
($3.7m)
|
($5.1m)
|
|
Stock-based compensation expense
|
|
$2.5m
|
$3.7m
|
$4.8m
|
$4.8m
|
$5.7m
|
$5.9m
|
|
Gain on sales of real estate, net
|
|
($6.2m)
|
($3.0m)
|
($4.1m)
|
($1.2m)
|
($1.9m)
|
($7.7m)
|
|
(Gain) loss on involuntary conversion of building and improvements
|
|
$0
|
($438k)
|
($126k)
|
($78k)
|
$502k
|
($45k)
|
|
Other assets, net
|
|
($1.5m)
|
($1.1m)
|
($6.2m)
|
($1.2m)
|
($1.2m)
|
($102k)
|
|
Accounts payable, accrued expenses, and other liabilities
|
|
$3.4m
|
$1.7m
|
$1.2m
|
$3.7m
|
($946k)
|
$494k
|
|
Lease incentive payments
|
|
$0
|
($5.8m)
|
($2.7m)
|
($1.7m)
|
($1.7m)
|
($667k)
|
|
Acquisitions of real estate
|
|
($408.6m)
|
($441.3m)
|
($424.8m)
|
($340.5m)
|
($479.0m)
|
($598.1m)
|
|
Real estate development and improvements
|
|
($2.0m)
|
($19.9m)
|
($22.4m)
|
($78.8m)
|
($40.3m)
|
($9.4m)
|
|
Investment in mortgage loans receivable
|
|
—
|
$0
|
($46.5m)
|
($72.4m)
|
($29.5m)
|
($37.4m)
|
|
Principal collections on mortgage loans receivable
|
|
—
|
$0
|
$0
|
$1.5m
|
$24.9m
|
$31.3m
|
|
Proceeds from sale of mortgage loans receivable
|
|
—
|
—
|
—
|
$0
|
$0
|
$10.5m
|
|
Earnest money deposits
|
|
$466k
|
($219k)
|
$868k
|
($265k)
|
($67k)
|
($6.3m)
|
|
Purchase of computer equipment and other corporate assets
|
|
($51k)
|
($732k)
|
($1.2m)
|
($35k)
|
($8k)
|
($52k)
|
|
Proceeds from sale of real estate
|
|
$48.1m
|
$31.1m
|
$25.5m
|
$38.5m
|
$90.8m
|
$160.6m
|
|
Proceeds from the settlement of property-related insurance claims
|
|
$0
|
$928k
|
$126k
|
$78k
|
$403k
|
$45k
|
|
Payment of OP unit distributions
|
|
($777k)
|
($1.1m)
|
($419k)
|
($407k)
|
($369k)
|
($358k)
|
|
Principal payments on mortgages payable
|
|
$0
|
$0
|
($48k)
|
($138k)
|
($155k)
|
($164k)
|
|
Proceeds under revolving credit facilities
|
|
$50.0m
|
$150.0m
|
$515.0m
|
$361.0m
|
$392.0m
|
$349.0m
|
|
Repayments under revolving credit facilities
|
|
($50.0m)
|
($86.0m)
|
($466.0m)
|
($394.0m)
|
($233.0m)
|
($588.0m)
|
|
Proceeds from term loans
|
|
$0
|
$0
|
$200.0m
|
$150.0m
|
$100.0m
|
$518.7m
|
|
Principal payments on term loans
|
|
$0
|
$0
|
—
|
$0
|
$0
|
($43.7m)
|
|
Payment of deferred offering costs
|
|
—
|
($1.7m)
|
($1.2m)
|
($878k)
|
($1.3m)
|
($1.0m)
|
|
Payment of deferred financing costs
|
|
($129k)
|
$0
|
($3.8m)
|
($3.3m)
|
$0
|
($12.0m)
|
|
Deferred offering costs included in accounts payable, accrued expenses, and other liabilities
|
|
—
|
$0
|
$0
|
$7k
|
$35k
|
$0
|
|
Loan Origination Fees On Mortgage Loans Receivable, Accrued Not Yet Received
|
|
—
|
—
|
$0
|
$0
|
$200k
|
$230k
|
|
Cash flow hedge change in fair value
|
|
$253k
|
$4.1m
|
$19.8m
|
$12.7m
|
$5.1m
|
($17.7m)
|
|
Mortgage loan receivable settled in exchange for acquisition of real estate
|
|
—
|
$0
|
$0
|
$4.7m
|
$0
|
$0
|
|
Increase in mortgage loan receivable in exchange for disposition of real estate
|
|
—
|
$0
|
$0
|
$1.8m
|
$20.1m
|
$8.4m
|
|
Refinancing of mortgage loan receivable
|
|
—
|
$0
|
$0
|
$1.3m
|
$0
|
$0
|
|
Mortgage note assumed at fair value
|
|
—
|
$0
|
$7.9m
|
$0
|
$0
|
$4.9m
|
|
Accrued capital expenditures and real estate development and improvement costs
|
|
$375k
|
$3.0m
|
$2.5m
|
$5.7m
|
$4.5m
|
$3.0m
|
|
Accrued lease incentives
|
|
—
|
—
|
$0
|
$0
|
$368k
|
$0
|
|
Net cash provided by operating activities
|
|
$12.7m
|
$31.5m
|
$50.6m
|
$80.2m
|
$90.2m
|
$109.5m
|
|
Net cash used in investing activities
|
|
($362.1m)
|
($430.1m)
|
($468.4m)
|
($452.0m)
|
($432.9m)
|
($448.8m)
|
|
Issuance of common stock in public offerings, net
|
|
$227.3m
|
$283.1m
|
$277.7m
|
$271.4m
|
$135.5m
|
$188.3m
|
|
Payment of common stock dividends
|
|
($8.1m)
|
($30.2m)
|
($39.5m)
|
($51.7m)
|
($63.5m)
|
($70.2m)
|
|
Repurchase of common stock for tax withholding obligations
|
|
($137k)
|
($504k)
|
($1.5m)
|
($688k)
|
($1.5m)
|
($753k)
|
|
Payment of restricted stock dividends
|
|
($10k)
|
($34k)
|
($339k)
|
($148k)
|
($599k)
|
($277k)
|
|
Dividends declared and unpaid on restricted stock
|
|
$113k
|
$506k
|
$403k
|
$501k
|
$376k
|
$550k
|
|
Net cash provided by financing activities
|
|
$272.7m
|
$313.6m
|
$480.7m
|
$331.2m
|
$327.1m
|
$339.5m
|
|
Net change in cash, cash equivalents, and restricted cash
|
|
($76.7m)
|
($85.0m)
|
$62.9m
|
($40.6m)
|
($15.6m)
|
$147k
|
|
Cash, cash equivalents, and restricted cash at beginning of the period
|
|
$92.6m
|
$7.6m
|
$70.5m
|
$29.9m
|
$14.3m
|
$14.5m
|
|
Cash paid for interest, net of amounts capitalized
|
|
$4.2m
|
$3.0m
|
$7.2m
|
$18.3m
|
$30.3m
|
$44.0m
|
|
Cash (received) paid for income taxes, net
|
|
—
|
$0
|
$129k
|
$628k
|
($31k)
|
($64k)
|