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Consolidated Statements of Cash Flows (unaudited)
$ in Thousands
6 Months Ended
Jun. 30, 2025
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
Cash flows from operating activities    
Net income $ 7,537 $ 9,734
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 55,331 47,886
Straight line rent (49) (1,774)
Income from unconsolidated real estate venture (3,662) (2,792)
Amortization of above- / below-market leases (1,006) (1,074)
Amortization of unearned revenue (3,625) (3,363)
Amortization of loan premium / discount (11) (552)
Amortization of deferred financing costs 1,548 1,505
Amortization of lease inducements 935 516
Amortization of real estate loan receivable origination fees (73)  
Amortization of treasury lock settlement 78  
Distributions from investment in unconsolidated real estate venture 9,669 7,251
Non-cash compensation 2,816 2,389
Provision for (recovery of) credit losses (777) 218
Net change in:    
Tenant accounts receivable (3,759) (3,025)
Prepaid expenses and other assets (2,035) (2,840)
Real estate loan interest receivable (1,657)  
Deferred revenue associated with operating leases 1,307 26,156
Principal payments on operating lease obligations (344) (332)
Accounts payable, accrued expenses and other liabilities 75 1,005
Net cash provided by operating activities 62,298 80,908
Cash flows from investing activities    
Real estate acquisitions and deposits (144,847) (58,215)
Additions to operating properties (15,686) (19,595)
Additions to development properties (36,033) (43,004)
Repayment of (investment in) real estate loan receivable, net $ 4,639 (5,470)
Common Stock, par value | $ / shares $ 0.01  
Common Stock, shares authorized | shares 80,000,000  
Net cash used in investing activities $ (191,927) (126,284)
Cash flows from financing activities    
Payment of deferred financing costs (2,512) (7,417)
Issuance of common shares 46,638 7,982
Credit facility draws 216,000 153,500
Credit facility repayments (213,000) (160,000)
Term loan repayments   (25,000)
Issuance of notes payable 125,000 150,000
Treasury lock settlement (1,945)  
Repayments of mortgage notes payable (2,265) (10,590)
Dividends and distributions paid (51,552) (57,528)
Payment of offering costs (488) (271)
Net cash provided by (used in) financing activities 115,876 50,676
Net increase (decrease) in Cash and cash equivalents and Restricted cash (13,753) 5,300
Cash and cash equivalents and Restricted cash, beginning of period 27,804 21,939
Cash and cash equivalents and Restricted cash, end of period 14,051 27,239
Supplemental disclosure of cash flow information is as follows (amounts in thousands):    
Cash paid for interest (net of capitalized interest of $4,364 and $1,590 in 2025 and 2024, respectively) 33,782 27,637
Supplemental disclosure of non-cash information    
Offering costs accrued, not paid 15 11
Deferred asset acquisition costs accrued, not paid 47 166
Unrealized gain (loss) on treasury locks and interest rate swaps, net (5,488) 471
Exchange of Common Units for Shares of Common Stock    
Non-controlling interest in Operating Partnership (4,836) (18,793)
Common stock 4 14
Additional paid-in capital 4,832 18,779
Operating Properties [Member]    
Supplemental disclosure of non-cash information    
Additions to properties accrued, not paid 4,864 8,377
Development Properties [Member]    
Supplemental disclosure of non-cash information    
Additions to properties accrued, not paid $ 25,843 $ 32,786