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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flow from Operating Activities:      
Net Income Attributable to the Company $ 5,530 $ 3,158 $ 29,940
Adjustments to Reconcile Net Income (Loss) Attributable to the Company to Net Cash Provided by Operating Activities:      
Depreciation and Amortization 44,173 28,855 20,581
Amortization of Intangible Liabilities to Income Property Revenue 2,303 2,161 (404)
Amortization of Deferred Financing Costs to Interest Expense 970 755 586
Amortization of Discount on Convertible Debt 159 189 1,278
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities (7,543) (3,869) (28,316)
Loss on Disposition of Mitigation Bank   11,713  
Gain on Disposition of Commercial Loans and Investments   (802)  
Loss on Extinguishment of Debt     (3,431)
Provision for Impairment 1,556 0 17,599
Accretion of Commercial Loans and Investments Origination Fees (137) (174) (2)
Non-Cash Imputed Interest (29) (126) (438)
Deferred Income Taxes 521 (3,013) (3,038)
Unrealized Loss (Gain) on Investment Securities 3,902 1,697 (10,340)
Extinguishment of Contingent Obligation (2,815)    
Non-Cash Compensation 3,673 3,232 3,168
Decrease (Increase) in Assets:      
Refundable Income Taxes 202 (5) (416)
Assets Held for Sale     833
Land and Development Costs (46) 7 6,391
Mitigation Credits and Mitigation Credit Rights 1,537 10,427 (15,750)
Other Assets (4,617) (5,067) (3,191)
Increase (Decrease) in Liabilities:      
Accounts Payable 214 1,866 (370)
Accrued and Other Liabilities (2,597) 3,863 5,680
Deferred Revenue (535) 1,230 1,186
Liabilities Held for Sale     (831)
Net Cash Provided By Operating Activities 46,421 56,097 27,577
Cash Flow from Investing Activities:      
Acquisition of Real Estate and Intangible Lease Assets and Liabilities (102,949) (313,926) (256,381)
Acquisition of Commercial Loans and Investments (32,869) (53,369) (364)
Restricted Cash Balance Received in Acquisition of Interest in Joint Venture     596
Cash Received from Joint Ventures     23,864
Proceeds from Disposition of Property, Plant, and Equipment, Net, and Assets Held for Sale 84,336 40,777 129,461
Principal Payments Received on Commercial Loans and Investments 986 61,628  
Acquisition of Investment Securities (3,239) (2,739) (143)
Proceeds from the Sale of Investment Securities 1,174    
Net Cash Used In Investing Activities (52,561) (267,629) (102,967)
Cash Flow From Financing Activities:      
Proceeds from Long-Term Debt 148,850 380,500 314,500
Payments on Long-Term Debt (99,600) (233,750) (283,519)
Cash Paid for Loan Fees (180) (2,724) (1,587)
Cash Received Exercise of Stock Options and Common Stock Issuance 375 315 (162)
Proceeds from Issuance of Preferred Stock, Net of Underwriting Discount and Expenses     72,430
Cash Used to Purchase Common and Preferred Stock (6,439) (2,792) (2,210)
Cash Paid for Vesting of Restricted Stock (1,028) (845) (436)
Proceeds from (Cash Paid for) Issuance of Common Stock, Net (175) 94,350 (197)
Dividends Paid - Preferred Stock (4,772) (4,781) (2,325)
Dividends Paid - Common Stock (34,266) (28,896) (23,580)
Net Cash Provided By Financing Activities 2,765 201,377 72,914
Net Decrease in Cash, Cash Equivalents and Restricted Cash (3,375) (10,155) (2,476)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 21,194 31,349 33,825
Cash, Cash Equivalents and Restricted Cash, End of Period 17,819 21,194 31,349
Reconciliation of Cash to the Consolidated Balance Sheets:      
Cash and Cash Equivalents 10,214 19,333 8,615
Restricted Cash 7,605 1,861 22,734
Total Cash $ 17,819 $ 21,194 $ 31,349