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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flow from Operating Activities:      
Net Income (Loss) Attributable to the Company $ 10,092 $ (1,965) $ 5,530
Adjustments to Reconcile Net Income (Loss) Attributable to the Company to Net Cash Provided by Operating Activities:      
Depreciation and Amortization 60,015 65,049 44,173
Amortization of Intangible Assets and Liabilities to Income Property Revenue (1,006) (254) 2,303
Amortization of Deferred Financing Costs to Interest Expense 1,280 1,047 970
Amortization of Discount on Convertible Debt 45 159 159
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities (21,452) (3,763) (7,543)
Gain on Disposition of Subsurface Interests   (4,545)  
Loss on Extinguishment of Debt 20,449    
Provision for Impairment 68 676 1,556
Accretion of Commercial Loans and Investments Origination Fees (733) (276) (137)
Non-Cash Imputed Interest (19) (29) (29)
Deferred Income Taxes 158 (458) 521
Unrealized Loss (Gain) on Investment Securities (39) 1,081 3,902
Extinguishment of Contingent Obligation     (2,815)
Non-Cash Compensation 4,158 3,637 3,673
Decrease (Increase) in Assets:      
Refundable Income Taxes 70 176 202
Land and Development Costs   2 (46)
Mitigation Credits and Mitigation Credit Rights   1,044 1,537
Other Assets (7,652) (4,047) (4,617)
Increase (Decrease) in Liabilities:      
Accounts Payable (1,571) 522 214
Accrued and Other Liabilities 1,438 4,032 (2,597)
Deferred Revenue (730) (2,221) (642)
Income Taxes Payable 29    
Net Cash Provided By Operating Activities 64,600 59,867 46,314
Cash Flow from Investing Activities:      
Acquisition of Real Estate and Intangible Lease Assets and Liabilities (145,062) (224,406) (80,279)
Investments in and Improvements to Real Estate (15,165) (17,492) (22,670)
Acquisition of Commercial Loans and Investments (14,339) (63,930) (32,869)
Proceeds from Disposition of Property, Plant, and Equipment, Net 84,275 37,157 84,336
Proceeds from Disposition of Subsurface Interests   4,974  
Principal Payments Received on Commercial Loans and Investments 15,242 20,335 986
Cash Received for Commercial Loan Reserves 10,101 9,483 107
Acquisition of Investment Securities (9,026) (447) (3,239)
Proceeds from the Sale of Investment Securities 2,472 1,655 1,174
Net Cash Used In Investing Activities (71,502) (232,671) (52,454)
Cash Flow From Financing Activities:      
Proceeds from Long-Term Debt 405,000 366,000 148,850
Payments on Long-Term Debt (292,272) (342,000) (99,600)
Cash Paid for Loan Fees (1,535) (1,093) (180)
Cash Proceeds from Common Stock Issuance 648 647 375
Proceeds from Issuance of Preferred Stock, Net of Underwriting Discount and Expenses   32,996  
Cash Used to Purchase Common Stock (9,355) (664) (6,439)
Cash Paid for Vesting of Restricted Stock (1,034) (1,274) (1,028)
Proceeds from (Cash Paid for) Issuance of Common and Preferred Stock, Net (124) 164,828 (175)
Cash Paid for Premium Related to Settlement of 2025 Notes (14,110)    
Dividends Paid - Preferred Stock (7,512) (6,814) (4,772)
Dividends Paid - Common Stock (49,046) (40,280) (34,266)
Net Cash Provided By Financing Activities 30,660 172,346 2,765
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 23,758 (458) (3,375)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 17,361 17,819 21,194
Cash, Cash Equivalents and Restricted Cash, End of Period 41,119 17,361 17,819
Supplemental Disclosure of Cash Flow Information:      
Cash Paid for Taxes, Net of Refunds Received 166 (57) (118)
Cash Paid for Interest [1] 26,303 21,206 21,636
Capitalized interest 300 300 300
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Unrealized Gain (Loss) on Cash Flow Hedges (12,922) 5,626 (8,870)
Common Stock Dividends Declared and Unpaid 737 $ 796 $ 827
Principal Related to Settlement of 2025 Notes, Paid in Common Stock 14,762    
Premium Related to Settlement of 2025 Notes, Paid in Common Stock $ 6,286    
[1] Includes $0.3 million of capitalized interest during the years ended December 31, 2025, 2024 and 2023, respectively.