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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net loss $ (11,047) $ (14,978) $ (15,123)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 57,254 60,809 59,542
Amortization of debt issuance costs 1,282 1,196 1,219
Amortization of acquired market leases, net (357) 72 (2,323)
Amortization of equity-based compensation 130 102 88
Reduction in the carrying amount of the right-of-use asset 367 386 408
Straight-line income, net (2,330) (1,063) (1,091)
Other non-cash adjustments 218 201 184
Changes in assets and liabilities:      
Accounts payable and accrued expenses 1,357 (1,337) 957
Accounts and rent receivable (1,160) 1,353 (2,440)
Other assets (3,174) (2,214) (2,477)
Due to related parties 82 (105) (1,267)
Operating lease liability 312 294 276
Other liabilities (237) (1,424) 1,448
Net cash flows provided by operating activities 42,697 43,292 39,401
Cash flows from investing activities:      
Capital expenditures (22,031) (13,908) (10,351)
Net cash flows used in investing activities (22,031) (13,908) (10,351)
Cash flows from financing activities:      
Payment of credit facility (162,986) (11,000) (12,576)
Proceeds from credit facility 285,986 2,000 44,576
Payment of mortgages payable (118,952) (340) (41,674)
Proceeds from the distribution reinvestment plan   5,001 6,976
Shares repurchased   (5,001) (5,966)
Distributions paid (19,590) (19,602) (19,636)
Payment of debt issuance costs (3,601)    
Early termination of interest rate swap agreements, net     370
Net cash flows used in financing activities (19,143) (28,942) (27,930)
Net increase in cash, cash equivalents and restricted cash 1,523 442 1,120
Cash, cash equivalents and restricted cash, at beginning of the year 6,896 6,454 5,334
Cash, cash equivalents and restricted cash, at end of the year 8,419 6,896 6,454
Supplemental disclosure of cash flow information:      
Cash paid for interest 38,832 40,935 40,397
Supplemental schedule of non-cash investing and financing activities:      
Accrued capital expenditures $ 1,632 $ 3,581 $ 1,080