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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 33,306 $ 26,505
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,249 33,688
Stock based compensation 1,688
Amortization of bond issuance costs 2,549 629
Amortization of deferred financing costs 804 657
Loss from sale of real estate investments 12
Increase in other assets (98) (1,773)
Amortization of right of use asset 353 505
Foreign currency translation adjustments 3,172 3,207
Increase in straight-line rent receivables (7,102) (4,368)
Increase in accounts payable and accrued liabilities and other liabilities 9,457 785
Repayment of operating lease liability (353) (505)
Net cash provided by operating activities 90,037 59,330
Cash flow from investing activities:    
Purchase of real estate investments (110,036) (113,897)
Purchase of lease rights (24,000)
(Increase) decrease in notes receivable (1,836) 1,121
Net cash used in investing activities (111,872) (136,776)
Cash flows from financing activities:    
Proceeds from issuance of bonds, net of issuance costs 95,156 116,704
Proceeds from ATM Stock Sales, net 2,324 3,239
Proceeds from senior debt, net of discount 59,000
Proceeds from equity raise, net 33,010
Deferred financing costs (784)
Repayment of bonds (15,046) (10,459)
Repayment of senior debt (43,329) (37,401)
Repayment of note payable (8,256)
Non-controlling interest distributions (25,600) (23,460)
Payment of dividends (7,634) (4,035)
OP Unit Retirement (2,026)
Common stock retirement (652) (2,470)
Net cash (used in) provided by financing activities (5,063) 133,344
(Decrease) increase in cash and cash equivalent and restricted cash and equivalents (26,898) 55,898
Cash and cash equivalents and restricted cash and equivalents at the beginning of the year 93,656 37,758
Cash and cash equivalents and restricted cash and equivalents at the end of the year 66,758 93,656
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the year for interest 47,719 33,672
Accumulated other comprehensive income:    
Foreign currency translation adjustments (34,837) 431
Note payable assumed in exchange for acquisition of intangible asset 50,880
Transfer of other assets to real estate investments, net 4,243
OP units issued for property acquisition 2,000
Note receivable from sale of real estate investments 2,400
Right of use lease asset obtained in exchange for operating lease liabilities 3,017
Assumption of note payable and other debt for property acquisition 2,800
Common shares issued for property acquisition 3,078
Right of use lease asset and lease liability terminated $ 2,850