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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income (loss) $ 3,665 $ (6,922)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 10,262 9,018
Other amortization 217 265
Stock-based compensation 2,424 2,547
Accelerated amortization of stock-based compensation 0 11,799
Straight-line rent receivable (755) (917)
Deferred income tax expense 0 35
Changes in operating assets and liabilities:    
Other assets (2,056) (2,390)
Accounts payable and accrued liabilities (1,079) 133
Other liabilities (35) (870)
Net cash provided by operating activities 12,643 12,698
INVESTING ACTIVITIES    
Acquisitions of real estate (34,297) (23,895)
Funding of notes receivable 0 (1,295)
Proceeds from the repayment of notes receivable 870 750
Capital expenditures on existing real estate properties (5,113) (4,138)
Net cash used in investing activities (38,540) (28,578)
FINANCING ACTIVITIES    
Net borrowings on revolving credit facility 39,000 12,000
Mortgage note repayments (32) (32)
Dividends paid (12,684) (11,646)
Proceeds from issuance of common stock 540 8,215
Taxes paid on behalf of employees and shares withheld upon shares vesting (551) 0
Equity issuance costs (63) (100)
Net cash provided by financing activities 26,210 8,437
Increase (decrease) in cash, cash equivalents and restricted cash 313 (7,443)
Cash, cash equivalents and restricted cash, beginning of period 4,633 12,068
Cash, cash equivalents and restricted cash, end of period 4,946 4,625
Supplemental Cash Flow Information:    
Interest paid (net of capitalized interest) 4,790 3,866
Invoices accrued for construction, tenant improvement and other capitalized costs 4,591 3,274
Reclassification of registration statement costs incurred in prior years to equity issuance costs 72 52
Increase (decrease) in fair value of cash flow hedges 7,870 (4,973)
Income taxes paid 26 60
Capitalized interest 28 192
Net proceeds accrued for common stock issued in March with cash settlement in April $ 0 $ 732