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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES        
Net (loss) income $ (6,009,000) $ 5,544,000 $ (8,107,000) $ 8,533,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Gain on sales   (2,841,000)   (2,942,000)
Impairment charges 133,000   7,607,000  
Straight-line rents and expenses, net     1,000,000 (249,000)
Provision for doubtful accounts     641,000 231,000
Depreciation and amortization 14,426,000 10,346,000 28,173,000 20,475,000
Amortization of intangible lease liabilities, net (307,000) (631,000) (766,000) (1,222,000)
Expense relating to share-based compensation, net     1,986,000 2,043,000
Amortization of deferred financing costs     617,000 651,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:        
Rents and other receivables     (2,635,000) 138,000
Prepaid expenses and other     (40,000) 1,239,000
Accounts payable and accrued liabilities     (3,958,000) (505,000)
Net cash provided by operating activities     24,518,000 28,392,000
INVESTING ACTIVITIES        
Expenditures for real estate improvements     (18,644,000) (15,174,000)
Net proceeds from sales of real estate       18,651,000
Acquisition of real estate       (9,083,000)
Net cash (used in) investing activities     (18,644,000) (5,606,000)
FINANCING ACTIVITIES        
Repayments under revolving credit facility     (12,100,000) (16,000,000)
Advances under revolving credit facility     83,000,000 15,000,000
Mortgage repayments     (528,000) (508,000)
Noncontrolling interests:        
Distributions to limited partners     (32,000) (56,000)
Common stock sales less issuance expenses, net     9,000 8,000
Common stock repurchases       (6,844,000)
Preferred stock dividends     (5,376,000) (5,376,000)
Distributions to common shareholders     (5,361,000) (8,906,000)
Net cash provided by / (used in) financing activities     59,612,000 (22,682,000)
Net increase in cash, cash equivalents and restricted cash     65,486,000 104,000
Cash, cash equivalents and restricted cash at beginning of year     2,747,000 1,977,000
Cash, cash equivalents and restricted cash at end of period 68,233,000 2,081,000 68,233,000 2,081,000
Reconciliation to consolidated balance sheets:        
Cash and cash equivalents 68,233,000 2,081,000 68,233,000 2,081,000
Cash, cash equivalents and restricted cash at end of period $ 68,233,000 $ 2,081,000 $ 68,233,000 $ 2,081,000