v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flow From Operating Activities:    
Net Income (Loss) $ 11,861 $ (4,483)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By Operating Activities:    
Depreciation and Amortization 20,901 20,609
Amortization of Intangible Lease Assets and Liabilities to Lease Income (733) (422)
Amortization of Deferred Financing Costs to Interest Expense 871 591
Accretion of Commercial Loans and Investments Origination Fees (1,024) (324)
Paid-In-Kind Accrued Interest (2,323)  
Gain on Disposition of Assets (369) (2,043)
Provision for Impairment and Adjustment to CECL Reserve 809 6,749
Non-Cash Compensation 285 285
Decrease (Increase) in Assets:    
Straight-Line Rent Adjustment (508) (539)
Other Assets (8,942) 74
Increase (Decrease) in Liabilities:    
Accounts Payable, Accrued Expenses, and Other Liabilities 3,029 (185)
Prepaid Rent and Deferred Revenue (11,255) 124
Net Cash Provided By Operating Activities 12,602 20,436
Cash Flow From Investing Activities:    
Acquisition of Real Estate Including Intangible Lease Assets and Liabilities (55,044) (61,057)
Investments in and Improvements to Real Estate (1,504) (6,457)
Proceeds from Disposition of Assets 5,910 32,644
Acquisition of Commercial Loans and Investments (97,183) (63,418)
Principal Payments Received on Commercial Loans and Investments 36,014 50,465
Proceeds from Sale of Participation Interest 10,763  
Payments on Participation Obligation (2,244) (11,403)
Cash Received for Commercial Loan Reserves 17,422 3,218
Net Cash Used In Investing Activities (85,866) (56,008)
Cash Flow from Financing Activities:    
Proceeds from Long-Term Debt 356,088 115,500
Payments on Long-Term Debt (335,588) (59,000)
Cash Paid for Loan Fees (4,239) (111)
Repurchases of Common Stock   (8,798)
Proceeds From Stock Issuances, Net 69,468 (71)
Dividends Paid - Preferred Stock (3,554)  
Dividends Paid - Common Stock (17,049) (13,261)
Net Cash Provided By Financing Activities 65,126 34,259
Net Decrease in Cash and Cash Equivalents and Restricted Cash (8,138) (1,313)
Cash and Cash Equivalents and Restricted Cash, Beginning of Period 38,999 7,951
Cash and Cash Equivalents and Restricted Cash, End of Period 30,861 6,638
Supplemental Disclosure of Cash Flow Information:    
Cash Paid for Interest 13,595 10,962
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Unrealized Gain (Loss) on Cash Flow Hedge $ 6,591 $ (4,860)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income Cash Flow Hedging Derivative - Interest Rate Swaps Cash Flow Hedging Derivative - Interest Rate Swaps