Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (6,508) $ (3,432)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:    
Depreciation 6,067 6,500
Amortization 5,036 8,398
Loan cost amortization 927 1,057
Above (below) market lease amortization, net (420) (108)
Straight line rent adjustments 93 11
Share-based compensation 172 486
Gain on disposal of properties (1,508) (1,055)
Gain on disposal of properties-discontinued operations 0 (903)
Credit losses on operating lease receivables 200 186
Impairment of notes receivable 5,000 0
Impairment of assets held for sale 1,147 0
Changes in assets and liabilities, net of acquisitions    
Rent and other tenant receivables, net (60) 142
Unbilled rent 30 (395)
Related party receivables 4 78
Deferred costs and other assets, net (566) 99
Accounts payable, accrued expenses and other liabilities (1,805) 1,567
Net operating cash flows used in discontinued operations (2) (2)
Net cash provided by operating activities 7,807 12,629
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment property acquisitions, net of restricted cash acquired (24) (23,153)
Capital expenditures (946) (2,735)
Cash received from disposal of properties 3,584 1,160
Cash received from disposal of properties-discontinued operations 19 2,747
Net cash provided by (used in) investing activities 2,633 (21,981)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments for deferred financing costs (293) (947)
Dividends and distributions paid 0 (8,517)
Proceeds from sales of Preferred Stock, net of expenses 0 21,158
Loan proceeds 16,500 20,803
Loan principal payments (24,286) (16,769)
Net financing cash flows used in discontinued operations 0 (50)
Net cash (used in) provided by financing activities (8,079) 15,678
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 2,361 6,326
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 17,999 12,286
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 20,360 18,612
Non-Cash Transactions:    
Debt incurred for acquisitions 0 58,867
Conversion of common units to common stock 0 1,218
Conversion of Series B Preferred Stock to Common Stock 0 2
Issuance of Common Stock for acquisition 0 1,130
Accretion of preferred stock discounts 341 340
Other Cash Transactions:    
Cash paid for taxes 6 39
Cash paid for interest 8,930 8,469
Cash, cash equivalents, and restricted cash $ 17,999 $ 12,286