Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 196,020 $ 160,410
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization expense 69,356 72,646
Straight-line rent and amortization of lease intangibles, net (1,943) (5,340)
Gain on sale of real estate facilities (49,117) (27,273)
Stock compensation expense 6,422 4,391
Amortization of financing costs 468 410
Other, net 11,202 6,313
Total adjustments 36,388 51,147
Net cash provided by operating activities 232,408 211,557
Cash flows from investing activities    
Capital expenditures to real estate facilities (26,062) (23,189)
Capital expenditures to land and building held for development (31,921) (10,602)
Acquisition of real estate facilities (122,171) (13,423)
Proceeds from sale of real estate facilities 76,566 40,674
Net cash used in investing activities (103,588) (6,540)
Cash flows from financing activities    
Payment of deferred financing costs (2,248)  
Payment of financing costs (237) (255)
Proceeds from the exercise of stock options 907 259
Issuance costs (105)  
Cash paid for taxes in lieu of stock upon vesting of restricted stock units (3,680) (4,102)
Cash paid to restricted stock unit holders (545) (469)
Capital contribution from noncontrolling interests—joint venture 523 438
Distributions paid to preferred stockholders (36,139) (36,139)
Distributions paid to common stockholders (86,713) (86,533)
Distributions paid to noncontrolling interests-common units (23,012) (23,012)
Distributions paid to noncontrolling interests-joint venture (60) (109)
Net cash used in financing activities (151,309) (149,922)
Net (decrease) increase in cash and cash equivalents (22,489) 55,095
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 47,682 $ 118,969
Accrued capital expenditures to land and building held for development    
Land and building held for development, net 3,362  
Accrued and other liabilities $ (3,362)