| Aug'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net Income (Loss) Attributable to Parent | ||||||
- | - | -250,929 | - | 0 | 0 | 0 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
68,985 | 79,272 | 83,060 | 84,678 | 0 | 0 | 0 |
Impairment and allowance for loan losses | ||||||
- | 0 | 222,561 | - | 0 | 0 | 0 |
Amortization of deferred financing costs | ||||||
5,764 | 5,964 | 5,846 | 4,653 | 0 | 0 | 0 |
Amortization of debt discounts | ||||||
6,272 | 6,765 | 6,672 | 6,970 | 0 | 0 | 0 |
Share-based compensation expense | ||||||
1,856 | 2,137 | 2,514 | 3,326 | 0 | 0 | 0 |
Loss on debt extinguishment, net | ||||||
-21,414 | -21,270 | -21,378 | -366 | 0 | 0 | 0 |
Gain on disposition of real estate assets | ||||||
3,694 | 7,723 | 11,630 | 9,458 | 0 | 0 | 0 |
Non-cash revenue | ||||||
- | - | 3,080 | - | - | - | 0 |
Bad debt expense and other | ||||||
1,234 | 638 | 849 | 784 | 0 | 0 | 0 |
Changes in operating assets and liabilities: | ||||||
Deferred costs and other assets, net | ||||||
-4,904 | -1,327 | 1,843 | 3,142 | 0 | 0 | 0 |
Accounts payable, accrued expenses and other liabilities | ||||||
15,038 | 20,302 | 13,935 | 9,535 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||
63,143 | 78,783 | 90,166 | 96,678 | 0 | 0 | 0 |
Investing activities | ||||||
Capitalized real estate expenditures | ||||||
- | 0 | 4,363 | - | - | 0 | 0 |
Collections of principal on loans receivable | ||||||
37,723 | 25,464 | 4,154 | 5,065 | 0 | 0 | 0 |
Proceeds from dispositions of real estate and other assets | ||||||
- | - | 65,203 | - | - | - | 0 |
Net cash provided by (used in) investing activities | ||||||
72,141 | -21,598 | -47,560 | -33,752 | 0 | 0 | 0 |
Financing activities | ||||||
Borrowings under mortgages and notes payable | ||||||
165,500 | 165,500 | 165,500 | 257,716 | 0 | 0 | 0 |
Repayments under mortgages and notes payable | ||||||
37,334 | 36,967 | 38,278 | 42,244 | 0 | 0 | 0 |
Restricted cash surrendered in loan foreclosure | ||||||
21,227 | 20,864 | 20,972 | 0 | 0 | 0 | 0 |
Deferred financing costs | ||||||
8,190 | 8,190 | 8,354 | 9,605 | 0 | 0 | 0 |
Repurchase of common shares for tax withholdings related to net shares settlements | ||||||
36 | 36 | 36 | 0 | 0 | 0 | 0 |
Dividends paid on common shares | ||||||
99,842 | 85,599 | 71,381 | 14,190 | 0 | 0 | 0 |
Dividends paid on preferred shares | ||||||
11,933 | 15,908 | 13,250 | 9,275 | 0 | 0 | 0 |
Contributions from parent company | ||||||
0 | 0 | 43,449 | 91,662 | 0 | 0 | 0 |
Distributions to parent company | ||||||
0 | 0 | 41,786 | 198,038 | 0 | 0 | 0 |
Net cash (used in) provided by financing activities | ||||||
-13,230 | -2,451 | 14,530 | 75,664 | 0 | 0 | 0 |
Net (decrease in) increase in cash, cash equivalents and restricted cash | ||||||
122,054 | 54,734 | 57,136 | 138,590 | 0 | 0 | 0 |
Supplemental Disclosures of Non-Cash Investing and Financing Activities: | ||||||
Investment distribution to parent | ||||||
-280 | -280 | -280 | 1,864 | 0 | 0 | 0 |
Relief of debt through sale or foreclosure of real estate properties | ||||||
167,364 | 167,364 | 167,364 | 6,579 | 0 | 0 | 0 |
Net real estate and other assets surrendered to lender | ||||||
159,735 | 159,735 | 159,735 | 0 | 0 | 0 | 0 |
Accrued interest capitalized to principal | ||||||
- | 0 | 0 | - | 0 | 0 | 0 |
Supplemental Cash Flow Disclosures: | ||||||
Interest paid | ||||||
93,597 | 102,241 | 99,865 | 101,367 | 0 | 0 | 0 |
Taxes paid | ||||||
196 | 274 | 334 | 337 | 0 | 0 | 0 |