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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 19,933 $ 14,525
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,666 21,266
Amortization of bond issuance costs 429 428
Loss on real estate investment impairment 2,451
Amortization of deferred financing costs 488 401
Increase in other assets (2,776) (2,270)
Amortization of right of use asset 419 238
Foreign currency transaction gain (81)
Foreign currency translation adjustment 873
Increase in straight-line rent receivables, net (3,001) (1,232)
(Decrease) increase in accounts payable and accrued liabilities and other liabilities (6,087) 6,518
Repayment of operating lease liability (419) (238)
Net cash provided by operating activities 34,525 42,006
Cash flow from investing activities:    
Purchase of real estate investments (25,897) (108,062)
Purchase of lease rights (18,000)
Increase in notes receivable (6,500)
Principal payments of notes receivable 887 1,012
Net cash used in investing activities (43,010) (113,550)
Cash flows from financing activities:    
Deferred financing cost (808)
Proceeds from notes payable and other debt, net 69,208
Proceeds from issuance of bonds, net 62,765 52,382
Proceeds from ATM Stock Sales, net 2,399
Repayment of bonds (10,459) (11,187)
Repayment of notes payable and other debt (10,149) (15,727)
Repayment of non-controlling interest redemption liability (15,753)
Payment of dividends (2,521) (2,100)
Non-controlling interest distributions (17,186) (15,155)
Common Stock Retirement (873)
Net cash provided by financing activities 23,976 60,860
Increase (decrease) in cash and cash equivalents and restricted cash and equivalents 15,491 (10,684)
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 53,249 35,020
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 26,060 18,186
Accumulated other comprehensive income:    
Foreign currency translation adjustments 3,116 7,244
Right of use lease asset obtained in exchange for operating lease liabilities 3,017
Right of use lease asset and lease liability terminated 2,850
Common shares issued for property acquisition 3,078
Assumption of notes payable and other debt for property acquisition $ 2,800