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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 6,792 $ 2,900
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 30,614 28,168
Amortization of market-lease intangibles and inducements, net (895) (576)
Amortization of debt discounts and financing costs 683 575
Straight-line rent adjustments, net (894) (906)
Reversal of estimated credit losses (33) (46)
Stock-based compensation, net 2,766 2,191
Changes in operating assets and liabilities:    
Accounts and rents receivable 3,260 6,539
Deferred costs and other assets, net (4,852) (4,749)
Accounts payable and accrued expenses (17,780) (17,311)
Other liabilities 520 (1,982)
Net cash provided by operating activities 20,181 14,803
Cash flows from investing activities:    
Purchase of investment properties 0 (16,527)
Capital investments and leasing costs (7,373) (7,093)
Other investing activities, net 272 (39)
Net cash used in investing activities (7,101) (23,659)
Cash flows from financing activities:    
Payment of tax withholdings for share-based compensation (2,420) (1,197)
Proceeds from sale of common stock under ESPP 210 0
Distributions to shareholders (17,512) (14,594)
Net cash used in financing activities (19,722) (15,791)
Net decrease in cash, cash equivalents, and restricted cash (6,642) (24,647)
Cash, cash equivalents, and restricted cash at the beginning of the period 91,221 99,763
Cash, cash equivalents, and restricted cash at the end of the period 84,579 75,116
Cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of capitalized interest 10,892 12,713
Cash paid for income taxes, net of refunds 3 3
Distributions payable to shareholders 18,438 15,360
Accrued capital investments and leasing costs 4,950 5,588
Capitalized costs placed in service 7,248 3,066
Gross issuance of shares for stock-based compensation 5,895 2,888
Purchase of investment properties:    
Net investment properties 0 25,286
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 0 4,477
Accounts payable and accrued expenses, lease intangibles, and other liabilities 0 (646)
Assumption of mortgage debt, at fair value 0 (12,590)
Cash outflow for purchase of investment properties, net 0 16,527
Assumption of mortgage principal 0 13,000
Capitalized acquisition costs 0 (108)
Credits and other changes in cash outflow, net 0 81
Gross acquisition price of investment properties $ 0 $ 29,500