XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flow from Operating Activities:    
Net Income (Loss) Attributable to the Company $ 5,842 $ (5,993)
Adjustments to Reconcile Net Income (Loss) Attributable to the Company to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 10,931 10,316
Amortization of Intangible Liabilities to Income Property Revenue 474 679
Amortization of Deferred Financing Costs to Interest Expense 256 241
Amortization of Discount on Convertible Debt 40 39
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities (4,618)  
Gain on Disposition of Subsurface Interests (4,545)  
Provision for Impairment 48 479
Accretion of Commercial Loans and Investments Origination Fees (33) (28)
Non-Cash Imputed Interest (7)  
Deferred Income Taxes (181) 27
Unrealized Loss on Investment Securities 4,657 4,918
Non-Cash Compensation 1,387 1,072
Decrease (Increase) in Assets:    
Refundable Income Taxes 219  
Land and Development Costs (54) 2
Mitigation Credits and Mitigation Credit Rights 508 55
Other Assets (1,888) (1,748)
Increase (Decrease) in Liabilities:    
Accounts Payable (120) 226
Accrued and Other Liabilities (1,249) (1,787)
Deferred Revenue 90 829
Net Cash Provided By Operating Activities 11,757 9,327
Cash Flow from Investing Activities:    
Acquisition of Real Estate and Intangible Lease Assets and Liabilities, Including Capitalized Expenditures (73,412) (7,798)
Acquisition of Commercial Loans and Investments (6,575) (16,061)
Proceeds from Disposition of Property, Plant, and Equipment, Net 19,527  
Proceeds from Disposition of Subsurface Interests 4,974  
Principal Payments Received on Commercial Loans and Investments 1,857 400
Acquisition of Investment Securities   (2,100)
Proceeds from the Sale of Investment Securities 1,655  
Net Cash Used In Investing Activities (51,974) (25,559)
Cash Flow From Financing Activities:    
Proceeds from Long-Term Debt 56,000 39,000
Payments on Long-Term Debt (9,500) (19,600)
Cash Paid for Loan Fees (3) (30)
Cash Received Exercise of Stock Options and Common Stock Issuance 380 241
Cash Used to Purchase Common Stock (664) (5,009)
Cash Paid for Vesting of Restricted Stock (1,274) (1,028)
Proceeds from (Cash Paid for) Issuance of Common Stock, Net 2,064 (71)
Dividends Paid - Preferred Stock (1,187) (1,195)
Dividends Paid - Common Stock (8,601) (8,658)
Net Cash Provided By Financing Activities 37,215 3,650
Net Decrease in Cash, Cash Equivalents and Restricted Cash (3,002) (12,582)
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 17,819 21,194
Cash, Cash Equivalents and Restricted Cash, End of Period 14,817 8,612
Reconciliation of Cash to the Consolidated Balance Sheets:    
Cash and Cash Equivalents 6,760 7,023
Restricted Cash 8,057 1,589
Total Cash $ 14,817 $ 8,612