Rpt realty (RPT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES
Net income

342

74,457

5,574

2,962

10,693

-4,191

10,364

4,403

7,460

21,424

29,629

6,252

13,414

7,081

13,869

28,020

12,142

15,056

34,606

7,289

9,944

-12,556

6,263

1,120

2,761

-5,309

5,715

5,782

5,274

1,659

3,321

2,164

-52

-39,578

5,802

5,529

-253

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

20,848

18,782

20,018

20,628

19,219

21,608

21,150

23,457

21,112

22,053

23,130

23,335

22,817

21,987

23,245

22,714

23,847

25,042

22,914

21,120

20,363

20,605

19,178

23,658

17,741

15,932

15,225

14,702

10,982

10,490

10,613

9,847

8,872

9,429

8,822

9,848

8,927

Amortization of deferred financing fees

343

350

351

356

362

363

380

380

380

378

348

346

346

344

345

374

380

380

389

330

334

331

342

370

403

378

382

346

341

341

354

379

380

386

384

477

632

Income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23

25

-

-

-

-

Income tax provision

31

-

11

35

36

-

96

33

18

-

66

25

28

-

133

39

62

-

29

255

22

-

2

-1

17

-

-29

-13

43

-

-

-

-

-

-

831

59

Earnings from unconsolidated joint ventures

256

128

373

26

54

19

297

202

71

50

82

55

86

117

119

109

109

724

13,977

335

2,660

411

455

816

-1,607

268

387

260

-5,674

1,164

1,008

580

496

-3,667

3,703

671

962

Distributions received from operations of unconsolidated joint ventures

0

37

40

137

17

0

65

259

222

125

135

104

374

114

114

210

58

334

509

334

567

122

406

570

783

1,034

400

762

1,036

492

679

1,649

973

1,270

951

1,113

1,079

Provision for impairment

-

-

-

-

-

-

-

-

-

981

1,886

820

5,717

0

977

0

0

0

0

0

2,521

27,865

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other gain on unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

117

0

0

0

5,282

-

-

-

-

-

-

-

-

Gain on sale of real estate

0

75,783

0

371

5,702

3,813

0

181

0

16,844

24,545

0

11,375

97

9,360

19,799

6,525

9,565

4,536

273

3,196

7,927

258

2,672

0

304

644

1,869

3,582

0

0

72

333

1,021

11

8,450

156

Amortization of acquired above and below market lease intangibles, net

-1,096

-

-

-

-909

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of premium on mortgages, net

228

1,675

-238

-726

242

1,791

-254

-258

-260

2,023

-287

-291

-292

-469

-436

-442

-468

-462

-419

-377

-429

-347

-444

-172

-175

-177

-178

-180

-6

-7

-7

-8

-8

-8

-9

-9

-9

Service-based restricted share expense

820

761

753

1,167

812

693

1,094

2,162

724

740

789

536

645

711

825

684

641

548

258

557

525

475

558

530

530

537

538

558

518

529

581

469

541

465

501

399

484

Long-term incentive cash and equity compensation expense

279

1,398

840

601

206

657

680

595

71

1,444

-79

448

-118

-163

-88

506

409

129

-1,120

458

262

939

517

516

555

434

364

246

454

195

99

116

35

-

-

-

-

Changes in assets and liabilities, net of effect of acquisitions and dispositions:
Accounts receivable, net

-1,758

2,833

-415

-4,468

2,687

-1,867

1,451

-1,083

-891

533

-385

-1,046

2,872

721

-729

-463

-1,388

2,635

3,256

-378

1,195

396

885

1,299

-231

460

1,872

280

-940

-990

-226

-30

118

768

-440

-338

262

Other assets, net

-698

-472

-475

2,249

454

1,193

-172

2,164

-206

1,703

-1,696

2,453

-277

-152

-1,398

2,478

-1,602

-2,439

-2,442

2,418

-2,066

-2,987

-1,759

2,367

-3,041

-262

1,153

468

-670

-1,229

-5,561

1,276

-835

-2,338

-1,364

-2,686

1,811

Accounts payable and other liabilities

-13,218

6,109

4,702

-5,562

-7,421

7,040

-948

-3,356

-3,205

5,708

3,666

-3,479

-3,388

-2,458

3,365

-2,814

-6,661

-1,505

2,457

-1,082

-9,790

1,258

2,428

7,254

-6,728

-2,364

4,256

9,293

-2,142

2,281

-4,049

6,624

-4,684

341

-3,502

1,344

-2,086

Net cash provided by operating activities

10,321

20,951

32,331

23,435

13,876

26,504

25,843

26,427

27,548

29,067

36,737

26,634

25,487

26,838

35,844

27,153

26,766

29,070

32,377

24,849

19,334

32,981

29,411

27,551

20,649

19,427

22,617

28,619

14,920

18,876

15,800

19,012

8,506

12,525

11,133

15,403

5,642

INVESTING ACTIVITIES
Acquisitions of real estate

-

-

-

-

-

0

0

0

6,365

0

918

201

168,763

12,990

0

0

0

0

140,826

10,622

1,475

951

263,463

0

0

120,118

19,975

49,564

152,532

-

-

-

-

21,355

5,220

43,514

7,171

Development and capital improvements

4,470

9,844

17,042

12,196

16,760

12,838

20,421

21,098

22,816

19,290

18,680

11,630

13,656

16,892

20,274

13,566

17,306

18,017

18,872

11,718

12,316

23,968

21,998

23,201

11,575

14,697

11,732

11,505

6,691

-2,616

24,441

9,882

6,724

-

-

-

-

Capital improvements covered by insurance

1,190

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sales of real estate

0

117,308

50

903

66,960

115,138

0

1,354

0

95,044

93,997

0

27,422

2,763

19,666

55,865

12,681

20,585

9,269

10,977

5,129

23,403

870

9,883

0

9,346

5,610

9,341

9,619

0

0

5,395

4,897

3,825

14,286

9,445

1,247

Investment in unconsolidated joint ventures

11

4,738

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,088

891

567

267

2,969

66

0

1,240

5,548

2,491

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

241

-944

21

356

-1,034

-1,066

2,289

3,244

-9,996

10,598

863

-4,966

3,588

-1,156

2,096

-1,057

-511

-393

-210

-572

-201

-344

1,454

Proceeds from equity interests in unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

8,173

-

0

0

0

-

0

0

1,687

-

-

-

-

-

-

-

-

Purchase of partner's equity in consolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,000

Net cash (used in) provided by investing activities

-5,671

71,195

-15,007

-11,293

50,200

102,300

-14,113

-16,744

-29,181

75,754

74,399

-11,831

-154,997

-27,801

-850

44,547

-4,646

8,137

-149,395

-10,297

-2,778

-4,774

-274,595

-23,916

-12,438

-120,503

-29,685

-54,660

-150,904

-16,552

-39,581

-115,394

-1,683

-41,341

11,736

-39,273

-10,869

FINANCING ACTIVITIES
Proceeds on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-77,064

113,000

75,000

24,650

Repayment of mortgages and notes payable

542

300,613

648

28,763

654

3,908

635

625

642

37,394

793

782

806

126,735

810

914

21,497

924

71,038

19,195

1,148

1,122

1,001

120,860

30,812

4,472

1,281

114,887

1,177

1,132

1,087

20,719

1,262

-75,821

78,678

45,552

31,431

Proceeds on revolving credit facility

225,000

19,400

0

0

0

25,000

20,000

20,000

25,000

34,000

22,000

24,000

178,000

4,000

215,000

-50,000

16,000

14,000

225,000

17,000

-10,000

157,000

120,000

-49,000

22,000

17,000

7,000

-27,000

-10,000

-5,000

-16,000

42,000

-10,500

-

-

-

-

Repayments on revolving credit facility

-

-

-

-

-

-

-

-

-

153,000

137,000

18,000

6,000

-72,000

231,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (repayments) proceeds on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,750

Payment of deferred financing costs

32

-

-

-

0

-

-

-

-

-

-

-

-

241

71

12

374

93

225

204

0

-

-

-

-

-

-

-

-

-

-

-

-

118

247

2,335

139

Proceeds from issuance of common shares, net of costs

-354

-10

8

-94

0

-

-

-

-

0

0

0

-24

-17

-30

-155

0

0

-15

356

16,769

-32

120,514

34,911

14,979

79,320

16,680

12,214

166,081

9,938

11,984

81,760

7,786

8

57

87

8,667

Repayment of finance lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

0

0

680

59

93

89

87

86

85

83

83

81

80

79

78

76

76

74

74

Redemption of operating partnership units for cash

-

-

-

-

-

3

90

0

7

-8

3

5

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares used for employee taxes upon vesting of awards

667

0

28

479

101

3

1,130

240

411

1

-1

13

485

574

0

-431

431

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of operating partnership units for cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,207

-

-

-

-

-

-

-

-

Dividends paid to preferred shareholders

1,675

1,675

1,676

1,675

1,675

1,675

1,676

1,675

1,675

1,675

1,676

1,675

1,675

1,675

1,676

1,675

1,675

1,677

1,675

1,813

1,812

1,812

1,813

1,813

1,812

1,812

1,813

1,813

1,812

1,812

1,813

1,813

1,812

-

-

-

-

Dividends paid to common shareholders

17,668

17,669

17,671

17,678

17,634

17,631

17,642

17,612

17,573

17,572

17,560

17,560

17,533

17,534

16,714

16,752

16,710

16,713

15,913

15,741

15,605

15,609

13,173

12,789

12,578

11,569

10,237

10,123

8,179

7,833

7,669

6,454

6,377

6,372

6,343

6,323

6,165

Distributions paid to operating partnership unit holders

420

421

419

420

421

420

420

422

421

421

422

422

422

422

422

401

422

456

450

449

449

449

423

422

422

422

380

379

399

524

433

427

430

712

464

474

509

Net cash provided by (used in) financing activities

203,642

-25,830

-20,434

-49,109

-20,485

-103,818

-1,607

-15,599

4,271

-101,967

-137,716

-14,457

151,055

3,351

-35,733

-70,986

-25,109

-37,976

117,499

-20,586

-12,925

-30,698

223,925

24,176

-8,732

102,089

9,808

16,610

143,224

-6,444

27,943

94,268

-12,673

19,169

-7,381

17,487

7,749

Net change in cash, cash equivalents and restricted cash

208,292

66,316

-3,110

-36,967

43,591

24,986

10,123

-5,916

2,638

2,854

-26,580

346

21,545

2,388

-739

714

-2,989

-769

481

-6,034

3,631

-2,491

-21,259

27,811

-521

1,013

2,740

-9,431

7,240

-4,120

4,162

-2,114

-5,850

-9,647

15,488

-6,383

2,522

SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY
Assumption of debt related to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,253

149,514

-

-

-

-

-

-

-

-

Proceeds from dispositions held in escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,990

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest (net of capitalized interest of $1 and $24 in 2020 and 2019, respectively)

6,359

14,006

6,195

13,303

7,296

15,957

9,603

12,305

6,078

14,046

8,675

14,309

6,714

14,380

9,341

13,785

9,431

13,090

8,623

12,727

8,458

10,978

8,245

9,077

7,207

9,406

7,414

8,138

5,673

5,953

6,399

6,630

6,704

7,327

6,055

7,139

8,226

Deferred gain recognized in equity

-

-

-

-

-

-

0

0

2,160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reconciliation of cash, cash equivalents and restricted cash
Cash paid for federal income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

0

0

0

0

0

1

0

15

-

-

-

-