| Aug'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net Income (Loss) Attributable to Parent | ||||||
- | - | -38,270 | - | -3,574 | 979 | -7,579 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
10,682 | 17,321 | 19,375 | 21,607 | 20,969 | 21,109 | 20,993 |
Impairment and allowance for loan losses | ||||||
- | -1,463 | 6,037 | - | 9,343 | 1,247 | 4,825 |
Amortization of deferred financing costs | ||||||
654 | 970 | 2,068 | 2,072 | 854 | 852 | 875 |
Amortization of debt discounts | ||||||
1,164 | 1,727 | 1,702 | 1,679 | 1,657 | 1,634 | 2,000 |
Share-based compensation expense | ||||||
170 | 441 | 794 | 451 | 451 | 818 | 1,606 |
Loss on debt extinguishment, net | ||||||
-144 | 0 | -21,267 | -3 | 0 | -108 | -255 |
Gain on disposition of real estate assets | ||||||
181 | 1,041 | 478 | 1,994 | 4,210 | 4,948 | -1,694 |
Non-cash revenue | ||||||
- | - | 871 | - | - | - | 769 |
Bad debt expense and other | ||||||
921 | 22 | 7 | 284 | 325 | 233 | -58 |
Changes in operating assets and liabilities: | ||||||
Deferred costs and other assets, net | ||||||
-565 | -201 | -1,729 | -2,409 | 3,012 | 2,969 | -430 |
Accounts payable, accrued expenses and other liabilities | ||||||
-7,431 | 9,454 | 5,450 | 7,565 | -2,167 | 3,087 | 1,050 |
Net cash provided by operating activities | ||||||
4,288 | 10,099 | 18,810 | 29,946 | 19,928 | 21,482 | 25,322 |
Investing activities | ||||||
Capitalized real estate expenditures | ||||||
- | 2,146 | 1,421 | - | - | 1,759 | 178 |
Collections of principal on loans receivable | ||||||
12,997 | 22,046 | 1,356 | 1,324 | 738 | 736 | 2,267 |
Proceeds from dispositions of real estate and other assets | ||||||
- | - | 5,257 | - | - | - | 16,911 |
Net cash provided by (used in) investing activities | ||||||
26,158 | 31,818 | 5,192 | 8,973 | -67,581 | 5,856 | 19,000 |
Financing activities | ||||||
Borrowings under mortgages and notes payable | ||||||
0 | 0 | 0 | 165,500 | 0 | 0 | 92,216 |
Repayments under mortgages and notes payable | ||||||
9,054 | 9,033 | 8,938 | 10,309 | 8,687 | 10,344 | 12,904 |
Restricted cash surrendered in loan foreclosure | ||||||
0 | 0 | 21,227 | 0 | -363 | 108 | 255 |
Deferred financing costs | ||||||
0 | 0 | 0 | 8,190 | 0 | 164 | 1,251 |
Repurchase of common shares for tax withholdings related to net shares settlements | ||||||
0 | 0 | 36 | 0 | 0 | 0 | 0 |
Dividends paid on common shares | ||||||
14,243 | 14,218 | 57,191 | 14,190 | 0 | 0 | 0 |
Dividends paid on preferred shares | ||||||
0 | 3,983 | 3,975 | 3,975 | 3,975 | 1,325 | 0 |
Contributions from parent company | ||||||
0 | 0 | 0 | 0 | 0 | 43,449 | 48,213 |
Distributions to parent company | ||||||
0 | 0 | 0 | 0 | 0 | 41,786 | 156,252 |
Net cash (used in) provided by financing activities | ||||||
-23,441 | -27,259 | -91,367 | 128,837 | -12,662 | -10,278 | -30,233 |
Net (decrease in) increase in cash, cash equivalents and restricted cash | ||||||
7,005 | 14,658 | -67,365 | 167,756 | -60,315 | 17,060 | 14,089 |
Supplemental Disclosures of Non-Cash Investing and Financing Activities: | ||||||
Investment distribution to parent | ||||||
0 | 0 | 0 | -280 | 0 | 0 | 2,144 |
Relief of debt through sale or foreclosure of real estate properties | ||||||
0 | 0 | 160,785 | 6,579 | 0 | 0 | 0 |
Net real estate and other assets surrendered to lender | ||||||
0 | 0 | 159,735 | 0 | 0 | 0 | 0 |
Accrued interest capitalized to principal | ||||||
- | 0 | 3,364 | - | 0 | 0 | 0 |
Supplemental Cash Flow Disclosures: | ||||||
Interest paid | ||||||
16,552 | 24,927 | 25,016 | 27,102 | 25,196 | 22,551 | 26,518 |
Taxes paid | ||||||
0 | 123 | 16 | 57 | 78 | 183 | 19 |