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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash Flows from Operating Activities:              
Net loss $ (105,309) $ (1,499) $ (3,627) $ (454) $ (106,808) $ (4,081)  
Adjustments to reconcile net loss to net cash provided by operating activities:              
Depreciation and amortization 16,063   14,723   31,189 29,798  
Amortization of deferred financing costs and debt fair value 380   343   734 661  
Amortization of above and below market leases         30 (64)  
Straight-line rent/expense         (351) 32  
Non-cash stock compensation         1,757 2,154  
Net loss on disposition of real estate property 0   1,462   0 1,462  
Impairment of real estate 102,229   0   102,229 0  
Changes in non-cash working capital:              
Rents receivable, net         (1,016) 1,128  
Other assets         (538) (218)  
Accounts payable and accrued liabilities         (1,286) 880  
Deferred rent         (481) (472)  
Tenant rent deposits         (80) 422  
Net Cash Provided By Operating Activities         25,379 31,702  
Cash Flows to Investing Activities:              
Additions to real estate properties         (20,295) (11,570)  
Net proceeds from sale of real estate property         13,574 0  
Reduction of cash on disposition of real estate property         0 (2,477)  
Deferred leasing costs         (4,771) (4,647)  
Net Cash Used In Investing Activities         (11,492) (18,694)  
Cash Flows to Financing Activities:              
Debt issuance and extinguishment costs         (200) (516)  
Proceeds from borrowings         4,500 9,000  
Repayment of borrowings         (4,769) (8,645)  
Dividend distributions paid to stockholders         (11,761) (11,719)  
Distributions to non-controlling interests in properties         (451) (548)  
Shares withheld for payment of taxes on restricted stock unit vesting         (723) (1,072)  
Contributions from non-controlling interests in properties         59 442  
Net Cash Used In Financing Activities         (13,345) (13,058)  
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash         542 (50)  
Cash, Cash Equivalents and Restricted Cash, Beginning of Period   $ 33,959   $ 43,392 33,959 43,392 $ 43,392
Cash, Cash Equivalents and Restricted Cash, End of Period 34,501   43,342   34,501 43,342 33,959
Reconciliation of Cash, Cash Equivalents and Restricted Cash:              
Cash and Cash Equivalents, End of Period 18,264   28,005   18,264 28,005 18,886
Restricted Cash, End of Period 16,237   15,337   16,237 15,337  
Cash, Cash Equivalents and Restricted Cash, End of Period $ 34,501   $ 43,342   34,501 43,342 $ 33,959
Supplemental Disclosures of Cash Flow Information:              
Cash paid for interest         16,997 16,434  
Purchase of additions in real estate properties included in accounts payable         3,511 11,004  
Purchase of deferred leasing costs included in accounts payable         $ 3,046 $ 1,874