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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 5,250 $ (3,055)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 5,076 5,731
Amortization of deferred financing fees and discounts/premiums on debt 272 304
Amortization of net origination fees related to notes receivable (28)  
Stock-based compensation 1,178 919
Stock-based incentive 417  
(Gain) on disposition of assets (3,948) (3,355)
(Income) from equity method investment (16) (15)
Proceeds from litigation settlement   550
Bad debt expense 24  
Amortization of dedesignated interest rate swap 417 764
Loss on early extinguishment of debt 162  
Changes in operating assets and liabilities:    
(Increase) Decrease in accounts receivable (1,913) (3,312)
(Increase) Decrease in interest receivable (43) (117)
(Increase) Decrease in other assets 1,903 (1,301)
(Increase) Decrease in inventory (64) (588)
Increase (Decrease) in accrued interest 935 (379)
Increase (Decrease) in accrued expenses (2,091) 4,336
Increase (Decrease) in deferred revenue 124 (52)
Increase (Decrease) in accrued property taxes 1,101 808
Net cash provided by operating activities 8,756 1,238
CASH FLOWS FROM INVESTING ACTIVITIES    
Real estate acquisitions (36,943) (31,008)
Real estate and other improvements (3,040) (2,186)
Acquisition of non-real estate assets (75)  
Investment in equity method investees (705) (991)
Principal receipts on notes receivable 1,577 37
Origination fees on notes receivable 60  
Issuance of notes receivable (3,500) (3,702)
Proceeds from sale of property 16,901 28,710
Net cash (used in) investing activities (25,725) (9,140)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings from mortgage notes payable 114,000 26,750
Repayments on mortgage notes payable (216,941) (33,976)
Proceeds from ATM offering 121,326 25,365
Issuance of stock 59  
Participating preferred stock repurchased   (650)
Payment of debt issuance costs (444) (147)
Payment of swap fees (401) (291)
Redemption of Series A preferred units (10,158)  
Dividends on common stock (7,867) (4,713)
Shares withheld for income taxes on vesting of equity-based compensation (186)  
Distributions to non-controlling interests in operating partnership, common (211) (228)
Net cash provided by (used in) financing activities (4,333) 2,058
NET (DECREASE) IN CASH (21,302) (5,844)
CASH, BEGINNING OF PERIOD 30,171 27,217
CASH, END OF PERIOD 8,869 21,373
Cash paid during period for interest 10,217 11,019
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Conversion of Convertible Notes into Investment in equity method investee   2,417
Additions to real estate improvements included in accrued expenses 1,053 164
Swap fees payable included in accrued interest 36 36
Prepaid property tax liability acquired in acquisitions 55  
Deferred offering costs amortized through equity in the period 107 80
Right of Use Asset 368 142
Lease Liability 368 142
Non-cash conversion of notes receivable to real estate 2,135  
Common stock    
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Dividend payable, common stock 3,259 1,647
Common Unit Holders    
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Dividend payable, common units 74 68
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions on preferred units/stock (3,510) (3,510)
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Dividend payable, common units 2,400  
Distributions payable, Series A preferred units $ 2,408 2,633
Series B Participating Preferred Stock    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions on preferred units/stock   $ (6,542)