| Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
---|
Net income | 49 | 51 | 58 | 73 | 73 | - | 87 | 155 | 81 | 96 | 56 | 101 | 91 |
---|
Depreciation and amortization | 20 | 22 | 25 | - | - | - | 38 | 38 | 39 | 39 | 38 | 37 | 37 |
---|
Share-based Compensation | 1 | 2 | 3 | 3 | 4 | 4 | 5 | 6 | 7 | 7 | 8 | 8 | 8 |
---|
Impairment loss | - | - | - | - | - | - | - | - | 6 | 4 | - | 3 | 16 |
---|
Gain on sale of real estate, net | - | - | - | 5 | 1 | 4 | 4 | 71 | 2 | 44 | 7 | 38 | 37 |
---|
Loss on unconsolidated joint ventures | - | - | - | - | - | - | - | - | - | 1 | - | - | - |
---|
Income from unconsolidated joint ventures | - | - | - | - | - | - | - | - | - | 0 | 1 | 2 | 2 |
---|
Income from unconsolidated joint ventures | - | - | - | - | - | - | - | - | - | 0 | 1 | 2 | 2 |
---|
Distribution from Unconsolidated Joint Ventures | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
---|
Distribution from Unconsolidated Joint Ventures | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 |
---|
Straight-line rental adjustment (income) | - | 3 | 4 | 3 | 10 | 13 | 11 | 10 | 4 | 2 | 0 | -1 | -2 |
---|
Straight-line rental adjustment (income) | - | 3 | 4 | 3 | 10 | 13 | 11 | 10 | 4 | 2 | 0 | -1 | -2 |
---|
Exchange of prepayment fee for participating interest in mortgage loan | - | - | - | - | - | - | - | - | - | - | - | - | 1 |
---|
Provision for Loan, Lease, and Other Losses | - | - | - | - | - | - | - | - | 2 | 23 | 1 | 0 | 0 |
---|
Amortization of lease incentives | - | - | - | - | - | - | - | - | - | - | 1 | 1 | 1 |
---|
Provision for credit losses | -0 | - | 2 | 0 | 1 | 0 | -0 | 0 | 0 | -0 | 1 | 2 | 6 |
---|
Application of interest reserve | - | - | - | - | - | - | - | - | - | - | - | 6 | 2 |
---|
Amortization of Financing Costs | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | - | - | - | 1 | 1 |
---|
Other non-cash items, net | -2 | -1 | -1 | -2 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -0 | -0 |
---|
Lease incentives funded | - | - | - | - | - | - | - | - | - | - | - | 0 | 2 |
---|
Increase in interest receivable | -0 | -1 | -0 | -0 | 4 | 5 | 5 | 6 | 6 | 6 | 7 | 7 | 9 |
---|
Increase (Decrease) in Interest Payable, Net | 1 | 2 | 0 | 0 | 0 | 1 | 1 | -1 | 1 | -1 | -0 | 1 | -1 |
---|
Net change in other assets and liabilities | - | -1 | -4 | 0 | -5 | 4 | 10 | -3 | 2 | 2 | -3 | -2 | 4 |
---|
Net cash provided by operating activities | 71 | 77 | 86 | 96 | - | - | 105 | 116 | 122 | 116 | 91 | 106 | 104 |
---|
Investment in real estate properties | - | - | - | - | - | - | - | - | 58 | 14 | - | 52 | 44 |
---|
Investment in real estate developments | - | 10 | 24 | 34 | 26 | 42 | 23 | 35 | 21 | 17 | - | 0 | - |
---|
Investment in real estate capital improvements | - | 1 | 7 | 14 | 8 | 7 | 3 | 3 | 3 | 7 | 6 | 9 | 10 |
---|
Capitalized interest | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 0 | - | - | - |
---|
Proceeds from sale of real estate, net | - | 1 | 11 | 34 | 2 | 17 | 15 | 93 | 14 | 72 | 44 | 73 | 66 |
---|
Proceeds from sale of real estate, net | - | 1 | 11 | 34 | 2 | 17 | 15 | 93 | 14 | 72 | 44 | 73 | 66 |
---|
Investment in financing receivables | - | - | - | - | - | - | - | - | - | - | - | 62 | 113 |
---|
Investment in financing receivables | - | - | - | - | - | - | - | - | - | - | - | 62 | 113 |
---|
Investment in real estate mortgage loans receivable | - | 8 | 129 | 9 | 67 | 21 | 12 | 21 | 12 | 4 | 89 | 41 | 72 |
---|
Investment in real estate mortgage loans receivable | - | 8 | 129 | 9 | 67 | 21 | 12 | 21 | 12 | 4 | 89 | 41 | 72 |
---|
Principal payments received on mortgage loans receivable | 6 | 22 | - | 9 | 5 | 8 | 18 | 2 | 1 | 1 | 1 | 1 | 10 |
---|
Principal payments received on mortgage loans receivable | 6 | 22 | - | 9 | 5 | 8 | 18 | 2 | 1 | 1 | 1 | 1 | 10 |
---|
Investments in unconsolidated joint ventures | - | - | - | - | 23 | 2 | 4 | 1 | 0 | 9 | 6 | - | - |
---|
Investments in unconsolidated joint ventures | - | - | - | - | 23 | 2 | 4 | 1 | 0 | 9 | 6 | - | - |
---|
Proceeds from Divestiture of Interest in Joint Venture | - | - | - | - | - | - | - | - | 7 | 18 | - | - | - |
---|
Proceeds from Divestiture of Interest in Joint Venture | - | - | - | - | - | - | - | - | 7 | 18 | - | - | - |
---|
Advances and originations under notes receivable | 0 | 3 | - | - | 2 | 15 | - | 0 | 9 | 2 | 16 | 37 | 20 |
---|
Advances and originations under notes receivable | 0 | 3 | - | - | 2 | 15 | - | 0 | 9 | 2 | 16 | 37 | 20 |
---|
Proceeds from Collection of Notes Receivable | - | - | 2 | 113,000 | - | 0 | 0 | 4 | 4 | 5 | 3 | 7 | 7 |
---|
Proceeds from Collection of Notes Receivable | - | - | 2 | 113,000 | - | 0 | 0 | 4 | 4 | 5 | 3 | 7 | 7 |
---|
Net cash used in investing activities | -97 | -159 | -164 | -29 | - | - | -92 | -4 | -79 | 44 | -70 | -120 | -175 |
---|
Net cash used in investing activities | -97 | -159 | -164 | -29 | - | - | -92 | -4 | -79 | 44 | -70 | -120 | -175 |
---|
Proceeds from Lines of Credit | - | - | - | - | - | 124 | 113 | 116 | 108 | 24 | 204 | 194 | 277 |
---|
Borrowings from term loans | - | - | - | - | - | - | - | - | - | - | 100 | - | - |
---|
Repayment of revolving line of credit | - | - | - | - | - | 137 | 124 | 101 | 126 | 28 | 183 | 175 | 105 |
---|
Proceeds from Unsecured Notes Payable | - | - | - | - | - | - | - | - | - | - | - | 75 | - |
---|
Principal payments on senior unsecured notes | - | - | - | 4 | 29 | 27 | 31 | 38 | 34 | 40 | 47 | 48 | 49 |
---|
Stock repurchase plan | - | - | - | - | - | - | - | - | - | 18 | - | - | - |
---|
Proceeds from common stock issued | - | - | - | - | - | 79 | 15 | 1 | - | - | - | 68 | 54 |
---|
Proceeds from common stock issued | - | - | - | - | - | 79 | 15 | 1 | - | - | - | 68 | 54 |
---|
Distributions paid to stockholders | 57 | 58 | 67 | 74 | 77 | 85 | 90 | 90 | 91 | 90 | 90 | 92 | 95 |
---|
Distributions paid to stockholders | 57 | 58 | 67 | 74 | 77 | 85 | 90 | 90 | 91 | 90 | 90 | 92 | 95 |
---|
Proceeds from Noncontrolling Interests | - | - | - | - | - | - | 3 | 4 | 1 | - | 0 | 0 | - |
---|
Proceeds from Noncontrolling Interests | - | - | - | - | - | - | 3 | 4 | 1 | - | 0 | 0 | - |
---|
Distributions paid to non-controlling interests | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - |
---|
Distributions paid to non-controlling interests | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | - |
---|
Financing costs paid | - | - | 0 | 2 | 1 | 0 | 0 | 3 | 0 | 0 | 3 | 1 | 0 |
---|
Financing costs paid | - | - | 0 | 2 | 1 | 0 | 0 | 3 | 0 | 0 | 3 | 1 | 0 |
---|
Cash paid for taxes in lieu of shares upon vesting of restricted stock | - | - | - | - | - | - | - | - | - | 4 | 4 | 1 | 2 |
---|
Cash paid for taxes in lieu of shares upon vesting of restricted stock | - | - | - | - | - | - | - | - | - | 4 | 4 | 1 | 2 |
---|
Other | - | - | -0 | -0 | -1 | -2 | -2 | -1 | -2 | -0 | -0 | -0 | - |
---|
Other | - | - | -0 | -0 | -1 | -2 | -2 | -1 | -2 | -0 | -0 | -0 | - |
---|
Net cash provided by (used in) financing activities | 24 | 85 | 77 | -48 | - | - | -16 | -112 | -44 | -157 | -24 | 20 | 80 |
---|
Net cash provided by (used in) financing activities | 24 | 85 | 77 | -48 | - | - | -16 | -112 | -44 | -157 | -24 | 20 | 80 |
---|
Increase (decrease) in cash and cash equivalents | - | - | - | - | - | - | - | -0 | -1 | 4 | -3 | 5 | 10 |
---|
Interest paid | 5 | 7 | 11 | 14 | 16 | 24 | 28 | 30 | 29 | 29 | 27 | 29 | 47 |
---|