RETAIL OPPORTUNITY INVESTMENTS CORP ROIC Cash Flow

Retail opportunity investments corp (ROIC)

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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
52,236	53,683	54,125	50,144	49,900	47,141	47,686	42,166	43,261	42,688	41,227	39,315	38,756	36,430	33,246	32,868	29,641	25,092	22,376	21,520	22,160	21,050	20,252	38,534	34,954	33,978	29,745	7,101	9,055	7,892	8,404	8,330	4,603	9,656	0	0	0
Adjustments to reconcile net income to cash provided by operating activities:
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
97,076	97,559	98,322	99,494	100,382	100,838	100,809	100,101	98,415	96,256	93,833	92,308	90,484	88,359	84,246	79,203	74,256	70,957	68,016	65,322	62,705	58,435	55,570	49,961	44,880	40,398	36,149	33,465	31,306	29,074	27,340	26,160	23,681	21,264	0	0	0
Amortization of deferred financing costs and mortgage premiums, net
2,087	2,076	2,066	2,006	1,965	1,899	1,798	1,885	1,943	2,026	2,144	2,119	2,084	2,088	2,101	1,716	1,206	662	-2	-283	-416	-432	-556	-487	-281	-144	249	469	498	494	448	269	221	156	0	0	0
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,449	0	0	0
Straight-line rent adjustment
1,814	3,083	3,664	4,225	5,089	5,380	6,671	6,717	6,581	6,176	5,119	4,842	4,456	4,560	4,478	4,295	4,908	5,013	5,126	5,229	4,438	3,795	3,913	3,338	3,344	3,734	2,872	3,056	3,102	3,040	3,322	3,447	3,273	2,733	0	0	0
Amortization of above and below market rent
-14,600	-15,600	-16,134	-16,720	-16,403	-14,000	-14,254	-14,999	-15,126	-17,100	-16,815	-14,590	-15,761	-13,847	-13,313	-13,753	-11,695	-9,890	-9,029	-8,103	-7,278	-6,945	-6,661	-5,953	-5,360	-4,444	-4,133	-4,102	-3,991	-3,659	-4,293	-3,721	-3,399	-3,165	0	0	0
Amortization relating to stock based compensation
8,772	8,567	8,101	7,863	7,615	7,392	7,070	6,736	6,401	6,190	5,801	5,221	5,051	4,916	4,844	5,067	4,884	4,684	4,463	4,141	3,807	3,662	3,435	3,215	2,996	2,856	3,203	3,414	4,544	3,393	6,119	4,594	2,154	2,185	0	0	0
Provisions for tenant credit losses
1,817	1,969	2,001	2,214	2,273	1,729	961	1,001	878	1,191	1,839	1,335	2,055	1,805	1,988	2,205	1,619	1,984	2,427	2,373	2,204	2,316	2,124	2,342	2,173	1,623	1,361	1,088	1,090	1,160	831	1,056	1,200	1,146	0	0	0
Equity in earnings from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,390	2,606	985	1,404	1,697	1,801	1,464	1,739	1,458	0	0	0
Other noncash interest expense
296	524	751	981	1,440	1,674	1,908	2,139	2,139	2,139	2,139	2,139	2,139	2,139	2,139	2,140	2,140	2,139	2,144	2,052	1,949	1,848	1,006	381	-250	-792	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of real estate
10,537	13,175	13,175	8,708	8,528	5,890	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution of cumulative earnings from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	686	1,421	1,437	1,513	1,513	0	0	0
Change in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-90	-263	-533	-264	-682	-333	-117	-190	-140	-216	112	-74	105	123	-63	225	101	348	296	159	0	0	0
Tenant and other receivables
658	-543	73	1,251	2,100	57	236	-267	1,911	2,452	5,051	2,658	3,235	4,412	1,975	4,882	2,838	2,599	-1,540	-4,571	-509	1,605	7,469	8,571	7,359	4,820	3,212	3,719	3,639	3,679	3,410	3,593	2,687	3,252	0	0	0
Prepaid expenses
166	-962	0	-77	24	1,344	308	434	462	-464	112	224	458	1,363	229	43	152	-501	53	86	146	1,106	43	119	-1,373	105	-82	-175	2,118	573	134	224	18	-125	0	0	0
Accounts payable and accrued expenses
-576	303	-1,816	266	11	-1,622	2,837	-1,076	2,741	456	2,872	3,989	4,256	4,417	2,413	805	604	512	5,444	854	3,974	-1,164	3,978	1,607	7,994	2,943	559	-816	-2,310	-1,912	114	77	-32	1,729	0	0	0
Other assets and liabilities, net
1,359	2,271	-960	5,789	4,792	1,497	-651	-1,009	-1,990	-3,234	3,412	2,515	2,225	1,357	241	564	1,573	2,376	5,522	3,894	-605	-852	-5,232	-5,265	-1,150	856	376	-578	-1,587	-2,814	-320	-1,205	1,173	273	0	0	0
Net cash provided by operating activities
132,556	132,039	131,499	126,387	126,685	130,918	136,383	132,042	133,748	128,938	119,440	121,585	118,715	114,615	110,831	100,730	93,717	86,917	87,360	78,791	77,653	65,207	56,851	49,451	49,606	37,753	38,867	32,582	25,020	24,720	22,659	20,613	17,130	17,286	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in real estate
-	-	-	-	-	44,195	108,738	133,870	194,516	263,366	275,710	270,434	371,749	284,867	285,817	374,358	215,683	313,623	311,307	197,891	428,350	398,205	431,992	441,127	329,543	289,399	310,198	341,227	248,335	255,851	142,601	211,077	185,615	206,999	0	0	0
Proceeds from sale of real estate
42,884	58,930	45,388	43,185	42,926	26,880	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23	-410	-114	-598	-594	-458	-621	-408	-328	-39	215	240	244	126	386	-1,668	-1,766	0	0	0
Investments in mortgage notes receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	294	0	0	0	-	-	-	-	-	-	-	-
Investments in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	735	931	1,421	1,982	19,663	0	0	0
Return of capital from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,661	0	0	0	-	-	-	-
Improvements to properties
36,612	35,177	38,150	36,441	40,919	39,240	43,793	56,999	55,201	54,097	48,304	39,984	39,240	40,758	40,157	35,089	30,522	27,515	29,754	31,666	29,082	26,142	20,103	17,003	18,881	19,067	20,555	16,511	12,894	11,404	8,380	9,678	9,192	8,014	0	0	0
Deposits on real estate acquisitions, net
-	-	-	-	-	-	-	-	-	500	1,050	3,000	2,000	-500	3,500	-1,500	-500	-4,000	-4,000	3,475	475	3,725	-4,150	-4,225	-3,975	-1,225	6,550	2,400	3,500	2,000	2,100	350	500	500	0	0	0
Net cash (used in) provided by investing activities
-5,079	12,402	7,238	1,725	-22,351	-56,055	-120,101	-185,936	-248,217	-317,963	-325,099	-313,386	-412,989	-325,125	-329,439	-407,557	-245,660	-337,115	-324,603	-220,870	-429,687	-399,856	-431,913	-481,089	-381,811	-344,977	-375,328	-347,163	-257,220	-261,574	-145,978	-222,631	-177,249	-225,154	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Principal repayments on mortgages
555	551	544	9,392	9,433	19,612	19,684	10,843	18,976	8,848	8,828	8,866	7,875	7,816	26,782	74,868	84,020	84,308	77,610	37,877	21,900	21,982	16,766	15,182	15,036	14,902	7,929	1,258	7,976	7,874	7,935	19,248	12,363	12,276	0	0	0
Proceeds from draws on credit facility
159,000	101,000	87,000	110,000	154,000	177,000	222,500	244,500	273,500	327,500	336,000	296,000	382,500	332,500	366,500	494,000	372,500	430,000	537,000	416,500	579,800	549,300	409,500	459,100	386,950	342,950	370,750	327,150	226,000	209,000	90,000	179,110	142,110	140,110	0	0	0
Payments on credit facility
147,500	173,000	132,000	151,000	171,500	164,500	402,500	333,500	301,000	282,000	27,000	348,500	365,000	370,000	374,725	446,500	441,500	451,000	644,075	252,250	463,750	449,750	460,950	442,500	282,500	405,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the issuance of OP Units upon exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,723	59,748	47,069	63,863	226,530	0	0	0	-	-	-	-	-	-	-	-
Payments to acquire warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,786	0	0	0	-	-	-	-	-	-	-	-
Issuance of promissory note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds on repayment of promissory note receivable
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of OP Units
5,796	5,043	4,749	4,399	4,959	3,713	0	560	150	150	150	150	0	38,820	38,820	38,820	38,820	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to OP Unitholders
8,861	8,921	8,963	8,997	9,026	9,056	9,005	8,933	8,907	8,729	8,640	8,575	8,517	8,363	7,076	5,593	4,043	2,764	2,456	2,315	2,174	2,009	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing and other costs
0	-	-	-	0	-	-	-	-	3,845	2,661	283	269	266	154	1,631	1,808	1,849	4,888	3,327	3,172	3,188	2,346	4,040	4,046	4,098	1,996	2,708	2,769	2,792	0	0	0	-	-	-	-
Common shares issued under the 2009 Plan
-	-	-	-	-	25,703	30,184	0	5,989	-	-	-	-	-	-	-	-	101,293	0	0	0	-	-	-	-	-	-	-	-	37,811	0	0	0	-	-	-	-
Dividends paid to unitholders
8,861	8,921	8,963	8,997	9,026	9,056	9,005	8,933	8,907	8,729	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
0	-	-	-	0	-	-	-	-	-	0	0	0	-	0	0	1,361	-	1,360	1,364	1,364	631	713	700	700	407	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the issuance of common stock
-	-	-	-	-	25,703	30,184	0	5,989	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Registration expenditures
779	478	466	517	554	570	1,236	995	1,017	1,225	479	6,819	7,304	7,097	7,436	5,040	4,617	4,739	0	0	0	-	-	-	-	69	410	772	1,090	1,162	0	0	0	-	-	-	-
Dividends paid to common shareholders
91,429	90,753	90,032	89,621	89,156	88,500	87,331	85,678	84,274	82,917	81,532	80,607	78,256	75,672	72,917	70,187	67,941	65,837	63,807	61,579	57,792	53,574	49,612	45,760	44,419	42,513	38,903	35,288	31,000	27,057	24,787	21,732	18,946	16,349	0	0	0
Common shares issued under the Equity Incentive Plan
-	-	-	-	-	-	-	-	-	44	44	43	43	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares withheld for employee taxes
2,272	1,986	1,986	1,986	1,986	1,400	1,400	0	1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	275	0	0	0	-	-	-	-	-	-	-	-
Repurchase of common stock
0	-	-	-	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-73,743	-146,432	-134,753	-131,448	-108,150	-84,379	-21,698	54,739	109,924	192,740	205,183	185,572	298,615	214,689	222,102	316,821	155,247	248,269	233,200	140,082	350,952	337,502	376,224	434,782	338,077	310,452	322,806	310,820	228,355	207,228	138,547	196,843	159,093	157,449	0	0	0
Net increase in cash, cash equivalents and restricted cash
53,734	-1,991	3,984	-3,336	-3,816	-9,516	-5,416	845	-4,545	3,715	-476	-6,229	4,341	4,179	3,494	9,994	3,304	-1,929	-4,043	-1,997	-1,082	2,853	1,161	3,144	5,871	3,228	-13,654	-3,760	-3,845	-29,625	15,228	-5,174	-1,025	-50,418	0	0	0
Issuance of OP Units in connection with acquisitions
-	-	-	-	-	-	-	-	-	-	0	0	0	-	196,455	196,455	196,455	150,315	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible lease liabilities
-	-	-	-	-	-	-	-	-	-	0	0	0	-	48,502	38,575	26,038	37,480	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate swap asset
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-1,948	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate swap liabilities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	239	-	0	-3,383	-2,206	-2,529	10,870	14,499	5,075	6,734	0	0	0	-	-	-	-	-	-	-	-
Accrued real estate improvement costs
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-639	3,612	2,314	590	-1,559	1,221	3,328	1,372	4,142	597	-540	592	412	1,063	1,559	837	0	0	0	-	-	-	-
Proceeds receivable from exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Retail Opportunity Investments Partnership L.P.
Net income
52,236	53,683	54,125	50,144	49,900	47,141	0	42,166	43,261	42,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
97,076	97,559	98,322	99,494	100,382	100,838	0	100,101	98,415	96,256	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and mortgage premiums, net
2,087	2,076	2,066	2,006	1,965	1,899	0	1,885	1,943	2,026	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line rent adjustment
1,814	3,083	3,664	4,225	5,089	5,380	0	6,717	6,581	6,176	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of above and below market rent
-14,618	-15,618	-16,099	-16,685	-16,368	-13,965	0	-14,977	-15,104	-17,078	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization relating to stock based compensation
8,772	8,567	8,101	7,863	7,615	7,392	0	6,736	6,401	6,190	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for tenant credit losses
1,817	1,969	2,001	2,214	2,273	1,729	0	1,001	878	1,191	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other noncash interest expense
296	524	751	981	1,440	1,674	0	2,139	2,139	2,139	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate
10,537	13,175	13,175	8,708	8,528	5,890	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenant and other receivables
658	-543	73	1,251	2,100	57	0	-267	1,911	2,452	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
166	-962	0	-77	24	1,344	0	434	462	-464	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-576	303	-1,816	266	11	-1,622	0	-1,076	2,741	456	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities, net
1,359	2,271	-960	5,789	4,792	1,497	0	-1,009	-1,990	-3,234	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
132,556	132,039	131,499	126,387	126,685	130,918	0	132,042	133,748	128,938	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in real estate
-	-	-	-	-	44,195	0	133,870	194,516	263,366	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of real estate
42,884	58,930	45,388	43,185	42,926	26,880	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Improvements to properties
36,612	35,177	38,150	36,441	40,919	39,240	0	56,999	55,201	54,097	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits on real estate acquisitions, net
-	-	-	-	-	-	-	-	-	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-5,079	12,402	7,238	1,725	-22,351	-56,055	0	-185,936	-248,217	-317,963	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on mortgages
555	551	544	9,392	9,433	19,612	0	10,843	18,976	8,848	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from draws on credit facility
159,000	101,000	87,000	110,000	154,000	177,000	0	244,500	273,500	327,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on credit facility
147,500	173,000	132,000	151,000	171,500	164,500	0	333,500	301,000	282,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of OP Units
5,796	5,043	4,749	4,399	4,959	3,713	0	560	150	150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on repayment of promissory note receivable
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to OP Unitholders
100,290	99,674	98,995	98,618	98,182	97,556	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing and other costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of common stock
-	-	-	-	-	25,703	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing and other costs
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Registration expenditures
779	478	466	517	554	570	0	995	1,017	1,225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to common stockholders
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common shares issued under the Equity Incentive Plan
-	-	-	-	-	-	-	-	-	44	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares withheld for employee taxes
2,272	1,986	1,986	1,986	1,986	1,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-73,743	-146,432	-134,753	-131,448	-108,150	-84,379	0	54,739	109,924	192,740	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
53,734	-1,991	3,984	-3,336	-3,816	-9,516	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of OP Units in connection with acquisitions
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate swap asset
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible lease liabilities
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate swap assets
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest rate swap liabilities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued real estate improvement costs
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued real estate improvement costs
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-