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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 of continuing operations:      
Net income $ 3,908 $ 42,494 $ 7,663
Less: net income from discontinued operations, net of tax (5,062) (14,642) (11,186)
Net income (loss) from continuing operations (1,154) 27,852 (3,523)
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities of continuing operations:      
Depreciation of buildings and tenant improvements 72,463 68,148 63,375
Amortization of leasing costs, in-place lease intangibles, and right-of-use assets 19,032 22,680 33,965
Accrued straight-line rental revenue (10,243) (8,254) (6,272)
Amortization of leasing incentives and above or below-market rents (1,781) (1,646) (2,190)
Accrued straight-line ground rent expense (14) 28 64
Unrealized credit loss provision (release) (437) 156 574
Adjustment for uncollectible lease accounts 2,764 2,020 4,013
Noncash acquisition, development, and other pursuit costs 0 5,528 0
Noncash stock compensation 6,845 5,098 3,677
Impairment charges 373 1,494 102
Noncash interest expense 5,618 3,726 7,106
Noncash loss on extinguishment of debt 69 247 0
Gain on consolidation of real estate entities (6,646) 0 0
Gain on real estate dispositions, net 0 (21,305) (738)
Change in fair value of derivatives and other 22,496 9,612 14,185
Adjustment for receipts on off-market interest rate derivatives (24,073) (22,829) (7,947)
Equity in income (loss) of unconsolidated real estate entities 2,140 (245) 0
Changes in operating assets and liabilities:      
Property assets (9,546) (11,211) (6,897)
Property liabilities 1,524 12,535 16,279
Interest receivable (15,183) (11,646) (13,909)
Net cash provided by operating activities of continuing operations 64,247 81,988 101,864
Cash flows from investing activities:      
Development of real estate investments (10,570) (29,831) (58,793)
Tenant and building improvements (46,253) (30,180) (24,372)
Acquisitions of real estate investments, net of cash received (33,724) 0 (8,394)
Dispositions of real estate investments, net of selling costs 0 58,593 246
Notes receivable issuances (21,632) (47,721) (48,184)
Notes receivable paydowns 450 20,594 0
Payments to purchase off-market interest rate derivatives (18,535) 0 (31,311)
Receipts on off-market interest rate derivatives 24,073 22,829 7,947
Leasing costs (8,222) (4,935) (4,059)
Leasing incentives (10) 0 (20)
Contributions to equity method investments (6,603) (15,875) (70,048)
Net cash used for investing activities of continuing operations (121,026) (26,526) (236,988)
Cash flows from financing activities:      
(Costs)/proceeds from issuance of common stock, net (134) 129,421 (208)
Common shares tendered for tax withholding (1,377) (1,566) (1,111)
Repurchase and retirement of common stock, net 0 0 (12,628)
Debt issuances, credit facility, and construction loan borrowings 371,044 269,469 402,568
Debt and credit facility repayments, including principal amortization (164,562) (257,575) (180,869)
Debt issuance costs (2,765) (2,221) (2,839)
Cash paid on extinguishment of debt (69,460) (95,881) 0
Acquisition of non-controlling interest in consolidated real estate investments (4,263) 0 0
Redemption of operating partnership units (15) (205) (705)
Distributions to noncontrolling interests (701) (810) (1,557)
Dividends and distributions (75,224) (83,894) (80,398)
Net cash provided by (used for) financing activities of continuing operations 52,543 (43,262) 122,253
Cash flows from discontinued operations      
Net cash flows (used in) provided by operating activities of discontinued operations (13,806) 30,032 (8,550)
Net cash flows used in investing activities of discontinued operations 0 (175) (278)
Net change in cash and cash equivalents of discontinued operations (13,806) 29,857 (8,828)
Net (decrease) increase in cash, cash equivalents, and restricted cash (18,042) 42,057 (21,699)
Cash, cash equivalents, and restricted cash, beginning of period (including discontinued operations) 72,223 30,166 51,865
Cash, cash equivalents, and restricted cash, end of period (including discontinued operations) 54,181 72,223 30,166
Less: cash, cash equivalents, and restricted cash attributable to discontinued operations at end of period (1,802) (38,706) (7,894)
Cash, cash equivalents, and restricted cash at end of period 52,379 33,517 22,272
Supplemental Disclosures:      
Cash paid for interest 72,977 71,629 44,920
Cash (paid) refunded for income taxes (1,397) (1,145) 33
(Decrease) increase in dividends and distributions payable (6,485) 3,442 153
Decrease in accrued capital improvements and development costs (12,318) (115) (4,825)
Issuance of operating partnership units for acquisitions 0 0 12,194
Operating Partnership units redeemed for common shares 2,528 767 514
Debt assumed at fair value in conjunction with real estate purchases 0 0 105,584
Note receivable redeemed in conjunction with real estate purchase 26,858 0 90,232
Equity method investment redeemed due to consolidation 114,689 0 0
Notes receivable redeemed for acquisition of non-controlling interests 13,335 0 0
Parcel consideration for acquisition of non-controlling interests 16,653 0 0
Acquisitions of noncontrolling interests 0 0 12,834
Other liability satisfied in connection with a real estate disposal 0 0 750
Recognition of finance lease right-of-use assets 0 0 47,742
Recognition of finance lease liabilities 0 0 46,616
Adjustment to finance lease ROU assets 0 0 1,705
Adjustment to finance lease liabilities $ 0 $ 0 $ 1,705