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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 6,991 $ 5,992
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,270 8,098
Amortization of bond issuance costs 973 162
Amortization of deferred financing costs 200 161
Stock based compensation 72
Increase in other assets (285) (3,998)
Amortization of right of use assets 87 146
Foreign currency translation adjustments (655) 805
Increase in straight-line rent receivables (1,457) (968)
Increase (decrease) in accounts payable and accrued liabilities and other liabilities 1,857 (8,127)
Decrease of operating lease liabilities (87) (146)
Net cash provided by operating activities 18,966 2,125
Cash flow from investing activities:    
Purchase of lease rights (18,000)
Purchase of real estate investments (29,000)
Decrease in notes receivable 237 426
Net cash used in investing activities (28,763) (17,574)
Cash flows from financing activities:    
Proceeds from issuance of bonds, net 25,660
Proceeds from issuance ATM Sales, net 2,244
Repayment of senior debt (3,269) (2,847)
Repayment of Notes Payable (1,988)
Payment of dividends (1,714) (778)
Non-controlling interest distributions (6,020) (5,460)
OP Unit Retirement (2,026)
Common stock retirement (153)
Net cash (used in) provided by financing activities (12,773) 16,422
(Decrease) increase in cash and cash equivalents and restricted cash and equivalents (22,570) 973
Cash and cash equivalents and restricted cash and equivalents at the beginning of the period 93,656 37,758
Cash and cash equivalents and restricted cash and equivalents at the end of the period 71,086 38,731
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 16,126 9,620
Accumulated other comprehensive income:    
Foreign currency translation adjustments 4,074 1,350
Note payable in exchange for acquisition of intangible asset 50,880
Right of use assets obtained in exchange for operating lease liabilities $ 3,017