payable (280,895) (102,895) (350,720) (468,556)
Repurchase of notes payable (25,906) - (31,238) -
Special dividend paid - - - (227,157)
Quarterly dividends paid (19,542) (18,458) (58,609) (81,623)
Proceeds from issuance of
common stock 196,701 68,791 197,062 70,558
Stock issuance costs (18) - (32) -
Common stock redemption - - (282) (30)
Credit facility amendment fee - - (326) -
Net cash provided by (used
in) financing activities 60,340 46,439 35,855 (302,968)
Increase (decrease) in cash and
cash equivalents 274 15,478 (3,363) 14,170
Cash and cash equivalents,
beginning of period 4,882 642 8,519 1,950
Cash and cash equivalents, end
of period $5,156 $16,120 $5,156 $16,120
(1) The Condensed Consolidated Statements of Cash Flows do not include
all of the information and footnotes required by generally accepted
accounting principles for complete financial statements.
RECONCILIATION OF FUNDS FROM OPERATIONS (1) (2):
(Dollars in thousands, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
2008 2007 2008 2007
Net Income $5,527 $5,486 $26,093 $55,474
Gain on sales of real
estate properties (746) (3,587) (9,098) (41,459)
Real estate depreciatio
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