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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 5,184 $ 6,792
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 36,385 30,614
Amortization of market-lease intangibles and inducements, net (2,258) (895)
Amortization of debt discounts and financing costs 832 683
Accretion of finance lease liability 51 0
Straight-line rent adjustments, net (1,178) (894)
Provision for (reversal of) estimated credit losses 217 (33)
Stock-based compensation, net 2,801 2,766
Changes in operating assets and liabilities:    
Accounts and rents receivable 1,914 3,260
Deferred costs and other assets, net (3,776) (4,852)
Accounts payable and accrued expenses (19,260) (17,780)
Other liabilities (713) 520
Net cash provided by operating activities 20,199 20,181
Cash flows from investing activities:    
Purchase of investment properties (122,247) 0
Capital investments and leasing costs (6,087) (7,373)
Other investing activities, net 79 272
Net cash used in investing activities (128,255) (7,101)
Cash flows from financing activities:    
Payment of tax withholdings for stock-based compensation (5,570) (2,420)
Proceeds from sale of common stock under ESPP 187 210
Payment of common stock offering costs (40) 0
Distributions to stockholders (18,450) (17,512)
Proceeds from line of credit 126,000 0
Payment of mortgage principal (194) 0
Net cash provided by (used in) financing activities 101,933 (19,722)
Net decrease in cash, cash equivalents, and restricted cash (6,123) (6,642)
Cash, cash equivalents, and restricted cash at the beginning of the period 40,518 91,221
Cash, cash equivalents, and restricted cash at the end of the period 34,395 84,579
Cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of capitalized interest 11,925 10,892
Cash paid for income taxes, net of refunds 0 3
Distributions payable to stockholders 19,484 18,438
Accrued capital investments and leasing costs 2,947 4,950
Capitalized costs placed in service 2,336 7,248
Gross issuance of shares for stock-based compensation 13,099 5,895
Reconciliation to gross acquisition price:    
Purchase of investment properties 122,247 0
Capitalized acquisition costs (739) 0
Closing credits 750 0
Prorations and other changes in cash outflow, net 723 0
Gross acquisition price of investment properties $ 122,981 $ 0