XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash Flow from Operating Activities:          
Net Income (Loss) Attributable to the Company     $ (18,243) $ 13,252  
Adjustments to Reconcile Net Income (Loss) Attributable to the Company to Net Cash Provided by Operating Activities:          
Depreciation and Amortization     44,587 35,701  
Amortization of Intangible Assets and Liabilities to Income Property Revenue $ (180) $ 112 (896) 830  
Amortization of Deferred Financing Costs to Interest Expense 300 245 940 758  
Amortization of Discount on Convertible Debt   39 45 119  
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities     (1,373) (3,763)  
Gain on Disposition of Subsurface Interests       (4,545)  
Loss on Extinguishment of Debt 53   20,449    
Provision for Impairment 68 538 68 653  
Accretion of Commercial Loans and Investments Origination Fees     (464) (129)  
Non-Cash Imputed Interest     (14) (22)  
Deferred Income Taxes     40 (10)  
Unrealized Loss (Gain) on Investment Securities     5,829 (2,250)  
Non-Cash Compensation     3,222 2,887  
Decrease (Increase) in Assets:          
Refundable Income Taxes     70 229  
Land and Development Costs       2  
Mitigation Credits and Mitigation Credit Rights       1,044  
Other Assets     (2,357) (3,985)  
Increase (Decrease) in Liabilities:          
Accounts Payable     (1,431) (684)  
Accrued and Other Liabilities     4,060 4,775  
Deferred Revenue     3,179 971  
Income Taxes Payable     27    
Net Cash Provided By Operating Activities     57,738 45,833  
Cash Flow from Investing Activities:          
Acquisition of Real Estate and Intangible Lease Assets and Liabilities     (80,022) (207,757)  
Investments in and Improvements to Real Estate     (7,198) (9,229)  
Acquisition of Commercial Loans and Investments     (12,786) (60,206)  
Proceeds from Disposition of Property, Plant, and Equipment, Net     6,699 37,157  
Proceeds from Disposition of Subsurface Interests       4,974  
Principal Payments Received on Commercial Loans and Investments     6,038 18,517  
Acquisition of Investment Securities     (8,775) (447)  
Proceeds from the Sale of Investment Securities     739 1,655  
Net Cash Used In Investing Activities     (95,305) (215,336)  
Cash Flow From Financing Activities:          
Proceeds from Long-Term Debt     327,000 318,000  
Payments on Long-Term Debt     (226,272) (286,000)  
Cash Paid for Loan Fees     (1,514) (989)  
Cash Proceeds from Common Stock Issuance     580 558  
Proceeds from Issuance of Preferred Stock, Net of Underwriting Discount and Expenses       32,996  
Cash Used to Purchase Common Stock     (4,345) (664)  
Cash Paid for Vesting of Restricted Stock     (1,034) (1,274)  
Proceeds from (Cash Paid for) Issuance of Common and Preferred Stock, Net     (75) 132,200  
Cash Paid for Premium Related to Settlement of 2025 Notes     (14,110)    
Dividends Paid - Preferred Stock     (5,634) (4,936)  
Dividends Paid - Common Stock     (36,820) (28,339)  
Net Cash Provided By Financing Activities     37,776 161,552  
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash     209 (7,951)  
Cash, Cash Equivalents and Restricted Cash, Beginning of Period     17,361 17,819 $ 17,819
Cash, Cash Equivalents and Restricted Cash, End of Period 17,570 9,868 17,570 9,868 17,361
Reconciliation of Cash to the Consolidated Balance Sheets:          
Cash and Cash Equivalents 9,281 8,172 9,281 8,172 9,017
Restricted Cash 8,289 1,696 8,289 1,696 8,344
Total Cash $ 17,570 $ 9,868 $ 17,570 $ 9,868 $ 17,361