v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 9,474 $ 6,991
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,453 11,270
Amortization of bond issuance costs 684 973
Amortization of deferred financing costs 201 200
Stock based compensation 1,588 72
Decrease (increase) in other assets 96 (285)
Amortization of right of use assets 91 87
Foreign currency translation adjustments 174 (655)
Increase in straight-line rent receivables (2,089) (1,457)
(Decrease) increase in accounts payable and accrued liabilities and other liabilities (4,087) 1,857
Decrease of operating lease liabilities (91) (87)
Net cash provided by operating activities 17,494 18,966
Cash flow from investing activities:    
Purchase of real estate investments (29,000)
(Increase) decrease in notes receivable (157) 237
Net cash used in investing activities (157) (28,763)
Cash flows from financing activities:    
Proceeds from issuance ATM Sales, net 441 2,244
Deferred financing costs (101)
Repayment of senior debt (3,663) (3,269)
Repayment of Note Payable (2,196) (1,988)
Payment of dividends (2,140) (1,714)
Non-controlling interest distributions (6,778) (6,020)
OP Unit Retirement (2,026)
Net cash used in financing activities (14,437) (12,773)
Increase (decrease) in cash and cash equivalents and restricted cash and equivalents 2,900 (22,570)
Cash and cash equivalents and restricted cash and equivalents at the beginning of the period 66,758 93,656
Cash and cash equivalents and restricted cash and equivalents at the end of the period 69,658 71,086
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 14,949 16,126
Accumulated other comprehensive income:    
Foreign currency translation adjustments (2,475) 4,074
Note payable in exchange for acquisition of intangible asset 50,880
Transfer of accrued stock based compensation to equity $ 1,615