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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 5,992 $ 4,139
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,098 6,988
Amortization of bond issuance costs 162 45
Loss on real estate investment impairment 2,451
Amortization of deferred financing costs 161 130
Increase (decrease) in other assets (3,998) 21
Amortization of right of use assets 146 78
Foreign currency translation adjustments 805 449
Increase in straight-line rent receivables (968) (491)
Decrease in accounts payable and accrued liabilities and other liabilities (8,127) (3,756)
Decrease of operating lease liabilities (146) (78)
Net cash provided by operating activities 2,125 9,976
Cash flow from investing activities:    
Purchase of lease rights (18,000)
Purchase of real estate investments (6,000)
Decrease in notes receivable 426
Principal payments of notes receivable 1,477
Net cash used in investing activities (17,574) (4,523)
Cash flows from financing activities:    
Proceeds from issuance of bonds, net 25,660 10,389
Repayment of senior debt (2,847) (2,761)
Repayment of non-controlling interest redemption liability (160)
Payment of dividends (778) (700)
Non-controlling interest distributions (5,460) (4,999)
Common stock repurchase (153)
Net cash provided by financing activities 16,422 1,769
Increase in cash and cash equivalents and restricted cash and equivalents 973 7,222
Cash and cash equivalents and restricted cash and equivalents at the beginning of the period 37,758 45,704
Cash and cash equivalents and restricted cash and equivalents at the end of the period 38,731 52,926
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 9,620 6,078
Supplemental schedule of noncash activities:    
Foreign currency translation adjustments 1,350 2,318
Right of use assets obtained in exchange for operating lease liabilities $ 3,017