| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
116,197 | 116,963 | 72,938 | 96,630 | 41,348 | 65,794 | 109,335 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
93,785 | 100,063 | 82,511 | 57,178 | 58,299 | 54,897 | 55,404 |
Income from acquired leasehold interest | ||||||
0 | 0 | 39,215 | 0 | 0 | - | - |
Casualty and impairment loss | ||||||
12,738 | 5,574 | 5,637 | 0 | 0 | - | 19,000 |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ||||||
68,632 | 52,625 | 202 | 15,618 | - | - | - |
Gain (Loss) on Termination of Lease | ||||||
1,800 | 0 | 0 | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | ||||||
0 | 2,524 | -35,336 | 0 | 0 | - | - |
Amortization of deferred financing costs | ||||||
2,856 | 2,879 | 2,876 | 2,830 | 2,738 | 1,660 | 1,882 |
Amortization of below market leases, net | ||||||
-15,940 | -33,975 | -9,502 | -7,776 | -7,907 | -8,762 | -8,159 |
Noncash lease expense | ||||||
8,205 | 0 | 0 | - | - | - | - |
Straight-lining of rent | ||||||
-1,021 | 735 | -352 | -227 | -333 | 1,559 | 2,718 |
Share-based compensation expense | ||||||
13,549 | 9,741 | 7,137 | 5,433 | 10,261 | 3,878 | 2,732 |
Gain on sale of real estate | ||||||
- | - | - | - | 0 | 0 | - |
Non-cash separation costs paid by Vornado | ||||||
- | - | - | - | 17,403 | 0 | 0 |
Credit losses related to operating lease receivables | ||||||
1,385 | 4,138 | 3,445 | 1,214 | 1,526 | 1,032 | 666 |
Change in operating assets and liabilities: | ||||||
Tenant and other receivables | ||||||
-6,734 | 13,327 | 13,749 | 78 | 4 | -5,914 | -46,952 |
Deferred leasing costs | ||||||
4,303 | 4,675 | 4,110 | 3,815 | 2,940 | -1,963 | - |
Prepaid expenses and other assets | ||||||
3,331 | -1,867 | 4,432 | -141 | 671 | -767 | -14,705 |
Lease liabilities | ||||||
7,107 | 0 | 0 | - | - | - | - |
Accounts payable, accrued expenses and other liabilities | ||||||
1,092 | 3,676 | 18,876 | 883 | 11,300 | -4,929 | 934 |
Other liabilities | ||||||
- | - | - | - | 6,392 | 787 | -206 |
Net cash provided by operating activities | ||||||
156,400 | 137,040 | 157,898 | 137,249 | 138,078 | 105,688 | 240,527 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Real estate development and capital improvements | ||||||
91,301 | 118,765 | 89,344 | 69,901 | 36,290 | 39,509 | 24,926 |
Acquisition of real estate | ||||||
47,356 | 4,931 | 211,393 | 9,267 | 30,125 | 6,077 | 0 |
Proceeds from sale of operating properties | ||||||
116,510 | 57,593 | 5,005 | 19,938 | - | - | - |
Proceeds From Sale On Termination Of Lease | ||||||
6,900 | 0 | 0 | - | - | - | - |
Insurance proceeds | ||||||
12,677 | 1,300 | 0 | 0 | 0 | 0 | - |
Decrease in cash held in escrow and restricted cash | ||||||
- | - | - | - | - | - | 2,087 |
Net cash used in investing activities | ||||||
-2,521 | -64,803 | -295,732 | -59,230 | -66,415 | -45,586 | -27,013 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Debt repayments | ||||||
5,587 | 4,288 | 129,640 | 38,458 | 44,654 | 42,481 | 367,704 |
Contributions from Vornado | ||||||
- | - | - | - | 227,732 | -148,786 | -160,370 |
Dividends to common shareholders | ||||||
106,163 | 100,244 | 95,381 | 81,240 | 79,167 | 0 | 0 |
Distributions to redeemable noncontrolling interests | ||||||
5,694 | 11,116 | 9,471 | 5,071 | 4,918 | 0 | 0 |
Taxes withheld for vested restricted shares | ||||||
633 | 385 | 287 | 38 | 0 | 2,540 | - |
Debt issuance costs | ||||||
2,649 | 0 | 13,193 | 0 | 5,198 | 0 | 1,562 |
Payments For Redemptions of Units, Partners' Capital Account | ||||||
5,978 | 0 | 0 | - | - | - | - |
Proceeds related to the issuance of common shares | ||||||
439 | 477 | 348,404 | 8,949 | 0 | 0 | - |
Payment on extinguishment of debt | ||||||
0 | 0 | 1,138 | 0 | 0 | - | - |
Purchase of marketable securities in connection with debt defeasance | ||||||
0 | 0 | 536,505 | 0 | 0 | - | - |
Proceeds from borrowings | ||||||
0 | 0 | 935,700 | 0 | 0 | 130,000 | 317,000 |
Net cash provided by (used in) financing activities | ||||||
-126,265 | -115,556 | 498,489 | -115,858 | 93,795 | -63,807 | -212,636 |
Net decrease in cash and cash equivalents and restricted cash | ||||||
27,614 | -43,319 | 360,655 | -37,839 | 165,458 | -3,705 | 878 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||||
Cash payments for interest, net of amounts capitalized of $125 and $565, respectively | ||||||
64,751 | 65,699 | 55,140 | 51,137 | 52,814 | 53,133 | 53,669 |
Cash payments for income taxes | ||||||
1,601 | 757 | 1,237 | 1,277 | 1,907 | 1,342 | 1,751 |
NON-CASH INVESTING AND FINANCING ACTIVITIES | ||||||
Accrued capital expenditures included in accounts payable and accrued expenses | ||||||
5,056 | 25,661 | 14,651 | 12,492 | 8,699 | 1,592 | 277 |
Write-off of fully depreciated and impaired assets | ||||||
56,199 | 24,307 | 3,286 | 4,585 | 10,588 | 2,612 | 64,224 |
Mortgage debt forgiven in foreclosure | ||||||
0 | 11,537 | 0 | 0 | - | - | - |
Acquisition of real estate through issuance of OP units | ||||||
0 | 0 | 171,084 | 0 | 0 | - | - |
Acquisition of real estate through assumption of debt | ||||||
0 | 0 | 69,659 | 0 | 0 | - | - |
Marketable securities transferred in connection with debt defeasance | ||||||
0 | 0 | 536,590 | 0 | 0 | - | - |
Defeasance of mortgages payable | ||||||
0 | 0 | 505,473 | 0 | 0 | - | - |
Urban Edge Properties LP | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
116,197 | 116,963 | 72,938 | 96,630 | - | - | - |
Depreciation and amortization | ||||||
93,785 | 100,063 | 82,511 | 57,178 | - | - | - |
Income from acquired leasehold interest | ||||||
0 | 0 | 39,215 | 0 | - | - | - |
Casualty and impairment loss | ||||||
12,738 | 5,574 | 5,637 | 0 | - | - | - |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ||||||
68,632 | 52,625 | 202 | 15,618 | - | - | - |
Gain (Loss) on Termination of Lease | ||||||
1,849 | 0 | 0 | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | ||||||
0 | 2,524 | -35,336 | 0 | - | - | - |
Amortization of deferred financing costs | ||||||
2,856 | 2,879 | 2,876 | 2,830 | - | - | - |
Amortization of below market leases, net | ||||||
-15,940 | -33,975 | -9,502 | -7,776 | - | - | - |
Noncash lease expense | ||||||
8,205 | 0 | 0 | - | - | - | - |
Straight-lining of rent | ||||||
-1,021 | 735 | -352 | -227 | - | - | - |
Share-based compensation expense | ||||||
13,549 | 9,741 | 7,137 | 5,433 | - | - | - |
Credit losses related to operating lease receivables | ||||||
1,385 | 4,138 | 3,445 | 1,214 | - | - | - |
Tenant and other receivables | ||||||
-6,734 | 13,327 | 13,749 | 78 | - | - | - |
Deferred leasing costs | ||||||
4,303 | 4,675 | 4,110 | 3,815 | - | - | - |
Prepaid expenses and other assets | ||||||
3,331 | -1,867 | 4,432 | -141 | - | - | - |
Lease liabilities | ||||||
7,107 | 0 | 0 | - | - | - | - |
Accounts payable, accrued expenses and other liabilities | ||||||
1,092 | 3,676 | 18,876 | 883 | - | - | - |
Net cash provided by operating activities | ||||||
156,400 | 137,040 | 157,898 | 137,249 | - | - | - |
Real estate development and capital improvements | ||||||
91,301 | 118,765 | 89,344 | 69,901 | - | - | - |
Acquisition of real estate | ||||||
47,356 | 4,931 | 211,393 | 9,267 | - | - | - |
Proceeds from sale of operating properties | ||||||
116,510 | 57,593 | 5,005 | 19,938 | - | - | - |
Proceeds From Sale On Termination Of Lease | ||||||
6,949 | 0 | 0 | - | - | - | - |
Insurance proceeds | ||||||
12,677 | 1,300 | 0 | 0 | - | - | - |
Net cash used in investing activities | ||||||
-2,521 | -64,803 | -295,732 | -59,230 | - | - | - |
Debt repayments | ||||||
5,587 | 4,288 | 129,640 | 38,458 | - | - | - |
Distributions to partners | ||||||
111,857 | 111,360 | 104,852 | 86,311 | - | - | - |
Taxes withheld for vested restricted shares | ||||||
633 | 385 | 287 | 38 | - | - | - |
Debt issuance costs | ||||||
2,649 | 0 | 13,193 | 0 | - | - | - |
Payments For Redemptions of Units, Partners' Capital Account | ||||||
5,978 | 0 | 0 | - | - | - | - |
Proceeds related to the issuance of common shares | ||||||
439 | 477 | 348,404 | 8,949 | - | - | - |
Payment on extinguishment of debt | ||||||
0 | 0 | 1,138 | 0 | - | - | - |
Purchase of marketable securities in connection with debt defeasance | ||||||
0 | 0 | 536,505 | 0 | - | - | - |
Proceeds from borrowings | ||||||
0 | 0 | 935,700 | 0 | - | - | - |
Net cash provided by (used in) financing activities | ||||||
-126,265 | -115,556 | 498,489 | -115,858 | - | - | - |
Net increase (decrease) in cash and cash equivalents and restricted cash | ||||||
27,614 | -43,319 | 360,655 | -37,839 | - | - | - |
Cash payments for interest, net of amounts capitalized of $125 and $565, respectively | ||||||
64,751 | 65,699 | 55,140 | 51,137 | - | - | - |
Cash payments for income taxes | ||||||
1,601 | 757 | 1,237 | 1,277 | - | - | - |
Accrued capital expenditures included in accounts payable and accrued expenses | ||||||
5,056 | 25,661 | 14,651 | 12,492 | - | - | - |
Write-off of fully depreciated and impaired assets | ||||||
56,199 | 24,307 | 3,286 | 4,585 | - | - | - |
Mortgage debt forgiven in foreclosure | ||||||
0 | 11,537 | 0 | 0 | - | - | - |
Acquisition of real estate through issuance of OP units | ||||||
0 | 0 | 171,084 | 0 | - | - | - |
Acquisition of real estate through assumption of debt | ||||||
0 | 0 | 69,659 | 0 | - | - | - |
Marketable securities transferred in connection with debt defeasance | ||||||
0 | 0 | 536,590 | 0 | - | - | - |
Defeasance of mortgages payable | ||||||
0 | 0 | 505,473 | 0 | - | - | - |