Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (889) $ (7,468)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:    
Depreciation 8,589 8,991
Amortization 4,871 7,178
Loan cost amortization 796 1,336
Above (below) market lease amortization, net (443) (585)
Straight-line expense 138 140
Share-based compensation 0 244
Loss (gain) on disposal of properties 26 (1,427)
Credit losses on operating lease receivables 1,042 315
Impairment of notes receivable 0 5,000
Impairment of assets held for sale 600 1,547
Net changes in assets and liabilities:    
Rent and other tenant receivables, net (1,738) (520)
Unbilled rent (758) (60)
Deferred costs and other assets, net (903) (335)
Accounts payable, accrued expenses and other liabilities 2,646 (1,738)
Net operating cash flows used in discontinued operations 0 (2)
Net cash provided by operating activities 13,977 12,616
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment property acquisitions, net of restricted cash acquired 0 (24)
Capital expenditures (1,649) (1,405)
Cash received from disposal of properties 1,665 3,584
Cash received from disposal of properties-discontinued operations 0 19
Net cash provided by investing activities 16 2,174
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments for deferred financing costs (340) (537)
Loan proceeds 13,350 24,165
Loan principal payments (23,843) (33,890)
Payments for Repurchase of Redeemable Convertible Preferred Stock (1,106) 0
Paycheck Protection Program proceeds 552 0
Net cash used in financing activities (11,387) (10,262)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 2,606 4,528
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 21,591 17,999
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 24,197 22,527
Non-Cash Transactions:    
Conversion of common units to common stock 8 0
Accretion of preferred stock discounts 509 510
Preferred Stock redemption discount 726 0
Other Cash Transactions:    
Cash paid for taxes 15 6
Cash paid for interest 11,885 13,218
Cash, cash equivalents, and restricted cash $ 24,197 $ 22,527