v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flow from Operating Activities:    
Net Income (Loss) Attributable to the Company $ 21,317 $ (21,157)
Adjustments to Reconcile Net Income (Loss) Attributable to the Company to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 31,803 29,658
Amortization of Intangible Assets and Liabilities to Income Property Revenue (1,609) (716)
Amortization of Deferred Financing Costs to Interest Expense 668 639
Amortization of Discount on Convertible Debt   45
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities (1,418)  
Gain on Disposition of Assets Held for Sale (689)  
Loss on Extinguishment of Debt   20,396
Provision for Impairment and Adjustment to CECL Reserve 763  
Accretion of Commercial Loans and Investments Origination Fees (769) (318)
Non-Cash Imputed Interest (5) (10)
Deferred Income Taxes 1,003 (5)
Unrealized Loss (Gain) on Investment Securities (11,795) 4,798
Non-Cash Compensation 2,522 2,286
Decrease (Increase) in Assets:    
Refundable Income Taxes   70
Other Assets (5,138) (1,708)
Increase (Decrease) in Liabilities:    
Accounts Payable 534 (1,051)
Accrued and Other Liabilities (619) (2,918)
Deferred Revenue (2,014) (2,572)
Income Taxes Payable 22 14
Net Cash Provided By Operating Activities 34,576 27,451
Cash Flow from Investing Activities:    
Acquisition of Real Estate and Intangible Lease Assets and Liabilities (138,120) (80,022)
Investments in and Improvements to Real Estate (12,745) (1,062)
Acquisition of Commercial Loans and Investments (112,579) (6,405)
Proceeds from Disposition of Property, Plant, and Equipment, and Assets Held for Sale 89,905  
Principal Payments Received on Commercial Loans and Investments 30,000 5,638
Cash Paid from Commercial Loan Reserves 8,107 4,786
Acquisition of Investment Securities (8,743) (7,218)
Proceeds from the Sale of Investment Securities 3,554 620
Net Cash Used In Investing Activities (140,621) (83,663)
Cash Flow From Financing Activities:    
Proceeds from Long-Term Debt 255,000 157,000
Payments on Long-Term Debt (213,000) (56,272)
Cash Paid for Loan Fees (10) (83)
Cash Proceeds from Common Stock Issuance 450 490
Cash Used to Purchase Common Stock   (37)
Cash Paid for Vesting of Restricted Stock (1,249) (1,034)
Proceeds from (Cash Paid for) Issuance of Common and Preferred Stock, Net 97,458 (75)
Cash Paid for Premium Related to Settlement of 2025 Notes   (14,110)
Dividends Paid - Preferred Stock (3,756) (3,756)
Dividends Paid - Common Stock (26,464) (24,430)
Net Cash Provided By Financing Activities 108,429 57,693
Net Increase in Cash, Cash Equivalents and Restricted Cash 2,384 1,481
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 41,119 17,361
Cash, Cash Equivalents and Restricted Cash, End of Period 43,503 18,842
Supplemental Disclosure of Cash Flow Information:    
Cash Paid for Taxes, Net of Refunds Received 257 167
Cash Paid for Interest 14,115 12,790
Capitalized interest 300 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Unrealized Gain (Loss) on Cash Flow Hedges 6,476 (11,196)
Common Stock Dividends Declared and Unpaid $ 427 384
Principal Related to Settlement of 2025 Notes, Paid in Common Stock   14,762
Premium Related to Settlement of 2025 Notes, Paid in Common Stock   $ 6,286