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) Attributable to the Company $ 16,145 $ (18,243)
Adjustments to Reconcile Net Income (Loss) Attributable to the Company to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 49,196 44,587
Amortization of Intangible Assets and Liabilities to Income Property Revenue (2,488) (896)
Amortization of Deferred Financing Costs to Interest Expense 1,017 940
Amortization of Discount on Convertible Debt 0 45
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities (1,418) (1,373)
Gain on Disposition of Assets Held for Sale (689)  
Loss on Extinguishment of Debt 211 20,449
Provision for Impairment and Adjustment to CECL Reserve 1,117 68
Accretion of Commercial Loans and Investments Origination Fees (1,336) (464)
Non-Cash Imputed Interest (5) (14)
Deferred Income Taxes 259 40
Unrealized Loss (Gain) on Investment Securities (1,099) 5,829
Non-Cash Compensation 3,643 3,222
Decrease (Increase) in Assets:    
Refundable Income Taxes   70
Other Assets (8,777) (2,357)
Increase (Decrease) in Liabilities:    
Accounts Payable 1,001 (1,431)
Accrued and Other Liabilities 11,009 4,612
Deferred Revenue (8,641) 3,179
Income Taxes Payable 23 27
Net Cash Provided By Operating Activities 59,168 58,290
Cash Flow from Investing Activities:    
Acquisition of Real Estate and Intangible Lease Assets and Liabilities (203,669) (80,022)
Investments in and Improvements to Real Estate (21,637) (7,198)
Acquisition of Commercial Loans and Investments (147,457) (12,786)
Proceeds from Disposition of Property, Plant, and Equipment, and Assets Held for Sale 89,905 6,699
Principal Payments Received on Commercial Loans and Investments 30,000 6,038
Cash Paid from Commercial Loan Reserves 8,429 (552)
Acquisition of Investment Securities (13,539) (8,775)
Proceeds from the Sale of Investment Securities 4,846 739
Net Cash Used In Investing Activities (253,122) (95,857)
Cash Flow From Financing Activities:    
Proceeds from Long-Term Debt 830,000 327,000
Payments on Long-Term Debt (725,800) (226,272)
Cash Paid for Loan Fees (7,570) (1,514)
Cash Proceeds from Common Stock Issuance 519 580
Cash Used to Purchase Common Stock   (4,345)
Cash Paid for Vesting of Restricted Stock (1,249) (1,034)
Proceeds from (Cash Paid for) Issuance of Common and Preferred Stock, Net 124,750 (75)
Cash Paid for Premium Related to Settlement of 2025 Notes   (14,110)
Dividends Paid - Preferred Stock (5,634) (5,634)
Dividends Paid - Common Stock (41,100) (36,820)
Net Cash Provided By Financing Activities 173,916 37,776
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (20,038) 209
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 41,119 17,361
Cash, Cash Equivalents and Restricted Cash, End of Period 21,081 17,570
Supplemental Disclosure of Cash Flow Information:    
Cash Paid for Taxes, Net of Refunds Received 237 166
Cash Paid for Interest 21,920 16,950
Capitalized interest 400 100
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Unrealized Gain (Loss) on Cash Flow Hedges 18,132 (13,101)
Common Stock Dividends Declared and Unpaid $ 641 563
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