Ladder Capital Corp LADR Cash Flow

Ladder capital corp (LADR)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
98,410	137,001	118,399	170,915	178,408	221,676	240,199	186,556	174,047	125,879	152,130	171,908	144,794	113,720	98,775	51,975	116,727	146,134	101,264	135,642	97,188	97,626	105,564	89,546	119,084	188,733	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain (Loss) on Extinguishment of Debt
2,061	-1,070	-1,070	-5,393	-5,393	-4,392	-4,411	-88	-88	-73	-54	-54	-54	5,382	5,382	5,382	5,382	0	0	0	0	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization
38,293	38,511	39,255	40,642	41,363	41,959	42,905	43,094	42,563	40,332	39,981	39,107	38,237	39,447	38,612	38,441	39,140	39,061	36,411	33,679	30,743	28,447	31,180	29,760	25,818	21,515	0	0	0
Unrealized (gain) loss on derivative instruments
-566	1,542	238	-124	1,424	705	1,434	217	3,989	-3,432	6,987	26,571	8,205	4,224	12,316	-18,825	11,947	10,182	-20,032	7,758	-15,265	-14,378	16,291	-22,949	7,758	14,014	0	0	0
Equity Securities, FV-NI, Unrealized Gain (Loss)
-874	1,737	-264	-517	473	-1,605	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities, Unrealized Gain (Loss)
149	84	137	264	362	555	827	1,261	1,450	1,405	949	325	-557	-56	-581	196	729	-1,249	1,039	-973	1,860	2,144	-349	4,121	-3,449	-2,665	0	0	0
Unrealized (gain) loss on investment in mutual fund
-	-	-	-	-	-	0	0	303	-	43	42	26	-14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Financing Receivable, Credit Loss, Expense (Reversal)
28,881	2,600	900	11,200	11,200	13,900	13,600	3,300	3,000	0	0	0	150	300	450	600	600	600	600	600	600	600	600	600	600	600	0	0	0
Impairment of Real Estate
0	1,350	1,350	1,350	1,350	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of equity based compensation
24,511	21,777	20,500	19,087	17,723	8,831	15,151	14,704	14,111	18,965	15,427	18,288	21,430	17,640	15,140	14,692	14,113	13,788	15,489	15,112	15,265	14,451	10,990	7,864	4,731	2,881	0	0	0
Amortization of deferred financing costs included in interest expense
10,817	10,987	11,346	11,643	11,316	10,906	10,302	8,886	7,748	7,856	7,098	7,125	7,207	7,459	7,525	7,146	6,852	5,757	5,888	6,076	6,046	5,802	5,387	5,404	5,104	4,600	0	0	0
Amortization of premium on mortgage loan financing
-1,507	-1,584	-1,561	-1,298	-1,156	-1,023	-1,052	-1,070	-1,052	-1,025	-969	-911	-904	-894	-884	-908	-926	-902	-836	-754	-679	-629	-601	-577	-560	-534	0	0	0
Amortization of above- and below-market lease intangibles
-1,875	-1,359	-1,320	-1,196	-1,501	-1,739	-1,621	-1,553	-1,143	-786	-444	-316	-106	-108	-163	-1,017	-681	-249	-82	1,110	902	652	0	0	0	-	-	-	-
Amortization of premium/(accretion) of discount and other fees on loans
16,380	17,845	20,430	21,172	20,415	19,820	17,047	15,583	13,506	11,180	10,354	8,566	8,396	8,941	10,172	11,547	13,663	12,241	11,160	8,913	6,875	6,918	0	0	0	-	-	-	-
Amortization of premium/(accretion) of discount and other fees on securities
-761	-217	-262	-767	-2,011	-3,124	-4,010	-4,574	-4,758	-5,241	45,554	27,232	11,053	-6,422	2,848	2,443	-5,650	-8,774	-90,985	-98,294	-94,610	-91,306	-87,927	-76,535	-66,886	-60,321	0	0	0
Gain (Loss) on Sales of Loans, Net
48,684	54,758	42,207	32,821	18,702	16,511	42,810	40,173	59,933	54,046	19,873	40,289	17,180	26,009	41,614	37,140	48,869	71,066	97,857	103,105	133,999	145,275	112,796	114,607	105,003	146,708	0	0	0
Realized (gain) loss on disposition of loan
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt and Equity Securities, Realized Gain (Loss)
15,057	14,911	9,814	3,863	-1,844	-5,808	-6,869	2,373	10,749	17,209	17,382	17,820	13,658	7,724	9,851	3,238	11,284	24,007	29,398	42,959	37,318	26,977	21,008	5,539	3,475	4,231	0	0	0
Gain (Loss) on Sale of Properties
11,917	1,392	503	62,125	64,875	95,881	99,974	39,497	40,102	11,423	12,810	14,231	16,872	20,636	34,655	36,414	38,819	40,386	26,882	28,947	30,729	29,760	26,902	21,955	16,560	13,565	0	0	0
Realized gain on sale of derivative instruments
33	-84	350	326	237	242	-2,014	-430	-186	-199	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of mortgage loan receivables held for sale
983,727	946,178	736,118	865,615	939,599	1,297,221	1,692,875	1,666,091	1,718,615	1,465,635	1,151,132	1,353,486	1,339,189	1,128,651	1,678,283	1,801,539	2,271,567	2,594,141	3,098,882	3,186,121	3,273,731	3,345,372	2,469,483	2,091,637	1,633,346	2,013,674	0	0	0
Purchases of mortgage loan receivables held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	73,421	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of mortgage loan receivables held for sale
538	667	13,410	14,326	14,302	14,242	1,550	1,185	1,969	2,083	2,464	2,253	1,491	1,768	1,856	2,465	2,668	2,308	1,955	1,053	1,141	1,293	1,187	1,854	5,610	5,840	0	0	0
Proceeds from sales of mortgage loan receivables held for sale
1,054,292	1,024,357	939,856	879,877	1,012,605	1,292,442	1,790,535	1,706,865	1,814,994	1,375,733	1,248,436	1,592,716	1,123,429	1,440,195	1,289,053	1,782,138	2,236,687	2,509,090	3,067,754	2,883,024	3,329,096	3,523,689	2,479,423	2,690,970	2,182,347	2,345,705	0	0	0
Income (Loss) from Equity Method Investments
2,914	3,432	3,941	3,247	1,697	790	491	217	215	89	5	-263	-442	426	276	392	724	371	908	1,259	2,083	1,990	2,513	3,549	3,157	3,203	0	0	0
Distributions from operations of investment in unconsolidated joint ventures
250	3,317	4,317	4,317	4,317	1,250	0	0	0	-	-	-	-	-	-	-	-	294	519	635	1,438	1,957	0	0	0	-	-	-	-
Deferred tax asset (liability)
-13,712	-4,814	-4,364	2,672	4,829	7,525	-2,100	-7,960	-8,762	-5,591	-7,138	-7,675	-1,131	-1,868	1,775	3,038	654	-2,900	3,219	7,930	5,612	7,175	0	0	0	-	-	-	-
Payments pursuant to tax receivable agreement
-	-	-	-	-	-	-	-	-	1,013	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accrued interest receivable
-3,044	-5,556	-4,904	-3,123	-357	1,339	2,695	2,335	-40	1,437	1,354	4,130	5,125	1,662	2,835	1,860	921	-621	1,146	2,120	6,363	9,687	9,641	8,592	5,103	2,889	0	0	0
Due from brokers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other assets
12,321	-1,502	10,055	2,148	2,696	-3,369	-7,546	1,429	26,594	3,275	-5,814	-4,387	-31,638	4,340	10,727	10,987	3,611	1,533	-4,568	-8,526	11,199	17,446	18,243	35,898	32,691	17,325	0	0	0
Amount payable pursuant to tax receivable agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-2,779	-13,192	-7,312	-6,876	-442	20,436	-2,150	4,204	-3,786	-4,576	4,945	14,585	14,190	-9,085	-3,260	-14,415	-15,265	-12,985	-25,323	-18,114	1,073	22,126	37,100	35,107	15,260	57,318	0	0	0
Net cash provided by (used in) operating activities
164,149	183,207	316,017	159,372	243,517	200,433	277,024	208,892	190,046	11,985	162,034	312,471	-86,907	338,427	-384,543	-35,716	-25,079	-38,307	48,211	-223,538	82,642	208,672	76,438	671,938	619,743	475,082	0	0	0
Cash flows from investing activities:
Origination of mortgage loan receivables held for investment
1,541,567	1,452,049	1,223,702	1,048,778	1,268,557	1,478,771	1,778,582	1,758,766	1,592,472	1,407,669	1,308,382	1,307,934	1,119,117	919,023	602,993	483,842	634,716	963,023	1,091,182	1,280,303	1,432,439	1,201,968	1,203,782	882,377	537,228	486,072	0	0	0
Repayment of mortgage loan receivables held for investment
1,463,600	1,639,101	1,848,366	1,762,748	1,511,633	1,411,862	894,593	659,989	530,636	404,584	332,862	451,682	499,755	649,914	759,871	687,093	845,331	752,452	630,210	575,085	327,706	214,511	243,129	182,213	158,365	268,093	0	0	0
Purchases of real estate securities
1,699,585	1,645,640	1,659,870	1,398,903	1,019,445	770,039	329,156	259,587	302,403	210,903	324,640	597,037	801,797	977,062	984,779	902,536	701,090	725,888	1,449,454	2,000,473	2,229,459	2,157,391	1,773,030	1,591,122	1,279,917	1,193,816	0	0	0
Repayment of real estate securities
511,319	491,880	194,729	163,182	130,680	109,446	138,366	113,373	67,082	138,413	469,528	630,276	722,292	684,143	352,069	207,668	150,056	186,902	163,235	178,394	212,590	186,310	225,771	303,232	337,764	390,628	0	0	0
Basis recovery of Agency interest-only securities
10,633	12,086	12,790	14,309	16,275	18,349	21,686	28,703	39,522	51,989	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of real estate securities
752,819	855,618	552,938	547,636	411,608	324,798	348,433	543,403	786,743	1,025,710	1,214,252	1,059,070	885,141	539,295	365,113	242,712	516,775	845,648	992,457	1,299,095	1,083,329	768,590	625,509	291,803	182,262	194,287	0	0	0
Purchases of real estate
24,068	20,235	22,709	13,594	100,647	122,707	120,158	169,078	257,506	236,932	242,920	228,525	66,387	62,495	80,990	73,275	94,239	197,501	294,263	394,731	357,759	254,497	258,162	131,271	266,277	289,268	0	0	0
Capital improvements of real estate
7,625	7,592	6,566	6,199	6,806	7,782	6,519	6,126	6,771	5,640	7,770	10,195	9,350	10,640	13,182	10,234	9,980	8,375	5,227	5,959	5,413	5,192	0	0	0	-	-	-	-
Proceeds from sale of real estate
21,595	12,123	14,404	74,723	70,811	157,008	162,395	107,735	111,079	29,519	32,959	41,446	55,763	72,953	74,418	78,877	100,006	98,558	104,638	122,320	125,575	123,444	112,725	83,745	48,820	36,930	0	0	0
Reduction (addition) of cash collateral held by broker
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21,556	6,041	-9,080	53	8,372	-2,371	-60,305	-45,719	0	0	0
Addition (reduction) of deposits received for loan originations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,596	-518	2,203	91	-4,896	-3,904	-6,882	0	0	0	0
Escrow cash and title deposits included in other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,714	21,885	20,384	9,621	0	0	0	-	-	-	-
Capital contributions and advances to investment in unconsolidated joint ventures
-87	56,337	59,888	59,919	60,289	3,865	0	0	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	4,696	0	0	0
Capital distribution from investment in unconsolidated joint ventures
48,729	48,514	44,769	37,375	-1,250	0	1,250	1,250	1,250	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions received from investments in unconsolidated joint ventures in excess of income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,747	3,747	3,470	5,127	3,255	5,847	6,423	8,455	7,417	0	0	0
Capitalization of interest on investment in unconsolidated joint ventures
0	142	575	973	1,327	1,507	1,483	1,445	1,415	1,327	1,141	1,005	897	867	857	761	545	341	0	0	0	-	-	-	-	-	-	-	-
Purchase of FHLB stock
0	3,704	3,704	3,704	3,704	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	22,890	23,340	28,340	29,250	36,350	0	0	0
Purchase of derivative instruments
197	310	450	499	704	545	406	306	101	300	199	199	272	73	0	0	0	-	-	-	-	-	-	-	-	20	0	0	0
Reduction (addition) of cash collateral held by broker for derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,950	-418	-24,456	-13,864	-9,964	7,597	-3,395	-10,249	0	0	0
Sale of derivative instruments
347	100	875	824	824	888	114	114	114	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-463,913	-126,587	-308,593	88,228	-300,898	-342,865	-649,837	-741,111	-718,321	-306,635	175,712	37,280	243,203	36,284	-41,536	-203,024	229,922	34,650	-1,004,661	-1,544,837	-2,328,925	-2,369,464	-2,080,322	-1,764,038	-1,333,569	-1,081,868	0	0	0
Deferred financing costs paid
15,197	6,910	4,987	5,298	6,168	3,509	14,553	18,742	19,427	26,330	18,543	14,984	13,654	5,927	2,542	2,217	1,808	2,330	4,572	8,889	8,519	9,863	6,709	9,006	5,058	3,191	0	0	0
Proceeds from borrowings under debt obligations
16,284,879	14,402,852	11,591,935	9,264,653	8,537,405	5,806,914	6,672,006	6,960,264	8,726,631	10,080,341	10,879,439	12,247,724	11,790,523	12,359,830	12,737,139	13,624,450	15,171,418	16,280,023	18,234,079	18,260,046	18,134,235	16,885,636	0	0	0	-	-	-	-
Repayment of borrowings under debt obligations
15,330,155	14,022,875	11,482,964	9,306,799	8,389,620	5,681,604	6,128,195	6,315,430	8,336,077	9,510,272	11,080,398	12,444,717	11,506,608	12,689,064	12,307,152	13,262,311	15,237,165	16,137,339	16,774,909	16,390,477	15,872,450	14,907,233	0	0	0	-	-	-	-
Cash dividends paid to Class A common shareholders
109,720	144,530	144,308	139,792	135,201	122,772	123,394	117,385	111,430	100,076	99,452	91,234	82,513	67,166	67,166	64,540	72,954	39,934	0	0	0	-	-	-	-	-	-	-	-
Proceeds from repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayment of repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from borrowings under credit agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from mortgage loan financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayment of mortgage loan financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayments of FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Partners capital distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	369	4,835	36,910	64,014	95,442	0	0	0
Capital contributed by noncontrolling interests in consolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,686	1,408	9,189	9,846	0	0	0
(Increase) decrease in amount due from trustee included in other assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital distributed to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Reissuance of treasury stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contributed by noncontrolling interests in consolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Capital distributed to noncontrolling interests in consolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Payment of liability assumed in exchange for shares for the minimum withholding taxes on vesting restricted stock
10,340	9,247	8,127	8,104	8,115	858	5,705	5,704	5,595	18,125	13,257	13,258	13,258	786	798	1,889	1,903	4,897	4,885	3,919	3,905	125	0	0	0	-	-	-	-
Purchase of treasury stock
1,843	637	0	0	0	-	-	-	-	-	-	-	-	4,652	5,646	5,646	5,646	994	0	0	0	-	-	-	-	-	-	-	-
Issuance of common stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	259,037	0	0	0	-	-	-	-
Common stock offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,523	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
796,752	200,676	29,416	-126,906	69,455	58,199	360,349	471,473	524,426	387,905	-363,059	-353,852	-176,346	-448,077	298,996	227,216	-219,477	22,000	1,050,157	1,786,286	2,214,276	2,158,268	2,029,189	1,131,182	795,193	640,349	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
496,988	257,296	36,840	120,694	12,074	-84,233	-12,464	-60,746	-3,849	93,255	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental information:
Cash paid for interest, net of amounts capitalized
180,493	195,061	195,776	194,372	189,794	183,215	175,457	157,839	161,428	130,795	128,720	120,372	104,336	115,246	110,529	110,477	109,116	107,362	103,227	86,295	79,784	63,171	62,155	51,819	57,325	45,317	0	0	0
Cash paid (received) for income taxes
-411	885	8,938	7,164	10,851	9,839	3,834	5,231	1,023	-214	-3,682	-4,046	-2,179	8,775	1,757	1,260	-89	7,306	56,118	54,252	62,088	45,981	11,656	10,980	4,074	5,392	0	0	0
Non-cash investing and financing activities:
Securities and derivatives purchased, not settled
0	-	0	0	0	-	0	0	1,773	-	-15,720	1,414	-10,695	394	0	0	0	-	2,012	1,032	-29,830	0	0	0	0	-	-	-	-
Securities and derivatives sold, not settled
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-33,431	-2,685	3	0	0	0	-	-	-	-
Repayment in transit of mortgage loans receivable held for investment (other assets)
-20,102	0	80,561	40,111	72,055	106,205	31,764	66,094	54,803	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of mortgage loan receivable held for investment by real estate, net
-47,918	-44,183	-17,851	-17,851	-17,851	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from mortgage loans receivable held for sale to mortgage loans receivable held for investment, net, at amortized cost
30,328	45,832	35,940	15,504	15,504	55,403	89,173	89,173	89,173	153,722	119,952	119,952	119,952	0	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0
Real estate acquired in settlement of mortgage loan receivable held for investment, net
88,040	84,356	17,851	17,851	17,851	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net settlement of sale of real estate, subject to debt - real estate
31,041	11,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net settlement of sale of real estate, subject to debt - debt obligations
31,041	11,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction in proceeds from sales of real estate
-	-	-	-	-	62,417	125,930	74,563	126,409	115,359	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assumption of debt obligations by real estate buyer/defeasance of debt and related costs
-	-	-	-	-	62,417	125,930	74,563	126,409	115,359	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash financing activities:
Exchange of capital for common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Exchange of noncontrolling interest for common stock
14,673	16,110	16,110	18,888	4,212	62,433	158,695	155,917	250,750	284,783	277,901	306,033	211,204	145,841	59,048	66,299	81,987	53,659	51,072	15,688	-697,097	0	0	0	0	-	-	-	-
Change in deferred tax asset related to exchanges of noncontrolling interest for common stock
-	-	-	-	-	-	-	-	-	2,203	458	3,687	2,597	980	-3,348	-1,653	-1,092	-320	1,336	1,575	708	1,014	0	0	0	-	-	-	-
Increase in amount payable pursuant to tax receivable agreement
0	-11	0	0	0	-	-	-	-	149	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rebalancing of ownership percentage between Company and Operating Partnership
-	-	-	-	-	-	-	-	-	3,524	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared, not paid
75,543	38,696	37,736	37,594	37,497	37,316	30,504	30,802	30,739	30,528	23,551	23,493	23,555	23,364	19,257	18,635	18,282	17,456	0	0	0	-	-	-	-	-	-	-	-
Stock dividends
-1	23,823	23,824	23,823	23,824	0	0	0	0	17,319	17,319	17,319	17,319	64,100	64,100	64,100	64,100	0	0	0	0	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	0	-3,849	-	-25,313	-4,101	-20,050	-73,366	-127,083	-11,524	-14,634	18,343	93,707	17,911	-32,007	-2,524	25,305	39,081	81,366	33,563	0	0	0
Equity Securities
Equity Securities, FV-NI, Unrealized Gain (Loss)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mutual Fund
Equity Securities, FV-NI, Unrealized Gain (Loss)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated Joint Venture
Capital contributed by noncontrolling interests in consolidated joint ventures
724	498	2,323	2,755	5,046	7,604	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital distributed to noncontrolling interests
4,453	1,213	2,343	12,200	12,066	25,730	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Partnership
Capital distributed to noncontrolling interests
17,143	17,262	19,983	19,991	20,333	20,353	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-