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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 13,032 $ 9,821
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,325 13,975
Amortization of bond issuance costs 162 251
Loss on real estate investment impairment 2,451
Amortization of deferred financing costs 323 253
Increase in other assets (3,446) (774)
Amortization of right of use asset 292 158
Foreign currency translation adjustments 657 (324)
Increase in straight-line rent receivables, net (1,935) (787)
(Decrease) increase in accounts payable and accrued liabilities and other liabilities (2,424) 687
Repayment of operating lease liability (292) (158)
Net cash provided by operating activities 22,694 25,553
Cash flow from investing activities:    
Purchase of real estate investments (5,825) (6,031)
Purchase of lease rights (18,000)
Principal payments of notes receivable 564 1,610
Net cash used in investing activities (23,261) (4,421)
Cash flows from financing activities:    
Proceeds from senior debt, net 3,096
Proceeds from issuance of bonds, net 25,691 32,689
Repayment of senior debt (7,142) (8,371)
Repayment of non-controlling interest redemption liability (15,753)
Payment of dividends (1,612) (1,400)
Non-controlling interest distributions (11,350) (9,997)
Common Stock Retirement (660)
Net cash provided by financing activities 4,927 264
Increase in cash and cash equivalents and restricted cash and equivalents 4,360 21,396
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 42,118 67,100
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 15,075 10,255
Accumulated other comprehensive income:    
Foreign currency translation adjustments 3,985 4,284
Right of use lease asset obtained in exchange for operating lease liabilities $ 3,017