v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 18,412 $ 15,653
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,623 22,594
Amortization of bond issuance costs 1,246 1,380
Stock based compensation 1,763 72
Amortization of deferred financing costs 410 402
Loss on sale of real estate investments 151
Increase in other assets (1,039) (723)
Amortization of right of use lease asset 182 175
Foreign currency translation adjustments 3,089 4,086
Increase in straight-line rent receivables, net (4,090) (3,022)
(Decrease) Increase in accounts payable and accrued liabilities and other liabilities (835) 8,339
Repayment of operating lease liability (182) (175)
Net cash provided by operating activities 41,730 48,781
Cash flow from investing activities:    
Sale (purchase) of real estate investments 4,250 (40,500)
(Increases) decreases in notes receivable (3,350) 77
Net cash provided by (used in) investing activities 900 (40,423)
Cash flows from financing activities:    
Proceeds from issuance of bonds, net 52,221 85,979
Deferred financing cost (1,514)
Proceeds from issuance of ATM sales, net 1,735 2,244
Repayment of bonds (56,691)
Repayment of senior debt (4,673) (36,593)
Repayment of note payable (4,447) (4,026)
Payment of dividends (4,433) (3,456)
Non-controlling interest distributions (13,975) (12,040)
OP unit retirement (2,026)
Common stock retirement (652)
Net cash (used in) provided by financing activities (31,777) 29,430
Increase in cash and cash equivalents and restricted cash and equivalents 10,853 37,788
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 77,611 131,444
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 37,778 22,925
Supplemental schedule of noncash activities:    
Stock Warrants associated with bond offering 3,608
Foreign currency translation adjustments (25,001) (16,746)
Note Payable in exchange for acquisition of intangible asset 50,880
Transfer of other assets to real estate Investments, net 4,243
Transfer of accrued stock based compensation to equity $ 1,500