v3.21.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income $ 117,557 $ 109,511
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization expense 45,499 49,582
Straight-line rent and amortization of lease intangibles, net (1,490) (3,810)
Gain on sale of real estate facility (19,193) (19,621)
Stock compensation expense 4,081 1,873
Amortization of financing costs 272 273
Other, net 1,381 4,513
Total adjustments 30,550 32,810
Net cash provided by operating activities 148,107 142,321
Cash flows from investing activities    
Capital expenditures to real estate facilities (15,707) (16,038)
Capital expenditures to land and building held for development (18,240) (4,995)
Acquisition of real estate facility   (13,423)
Proceeds from sale of real estate facility 32,622 29,266
Net cash used in investing activities (1,325) (5,190)
Cash flows from financing activities    
Payment of financing costs (157) (176)
Issuance costs (105)  
Proceeds from the exercise of stock options 907 259
Cash paid for taxes in lieu of stock upon vesting of restricted stock units (3,202) (3,660)
Cash paid to restricted stock unit holders (366) (329)
Capital contribution from noncontrolling interests—joint venture 287  
Distributions paid to preferred stockholders (24,093) (24,093)
Distributions paid to common stockholders (57,790) (57,673)
Distributions paid to noncontrolling interests-common units (15,341) (15,341)
Distributions paid to noncontrolling interests-joint venture (40) (63)
Net cash used in financing activities (99,900) (101,076)
Net increase in cash and cash equivalents 46,882 36,055
Cash, cash equivalents and restricted cash at the beginning of the period 70,171 63,874
Cash, cash equivalents and restricted cash at the end of the period 117,053 $ 99,929
Accrued capital expenditures to land and building held for development    
Land and building held for development, net 4,642  
Accrued and other liabilities $ (4,642)  

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