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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Mar. 31, 2021
Mar. 31, 2020
Operating activities:        
Net (loss) income $ 1,981 $ (255) $ (768) $ (286)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Depreciation and amortization 1,122 1,059 3,343 3,306
Change in fair value of financial instruments (2,785)   (260)  
Noncash rental revenue including straight-line rents (250) (157) (437) (532)
Stock-based compensation expense 41 19 214 122
Amortization of debt issuance costs 42 34 166 105
Gain on sales of real estate assets     (20) (584)
Deferred income taxes   (76)   (85)
Changes in assets and liabilities:        
Other assets 933 (448) (254) (981)
Accounts payable and accrued liabilities (42) 710 (423) 513
Deferred revenue (378) (317) (652) (348)
Other liabilities 146 (408) 237 (15)
Net cash provided by operating activities 810 161 1,146 1,215
Investing activities:        
Additions to real estate assets (768) (1,698) (1,200) (3,090)
Acquisitions of land and buildings       (13,670)
Proceeds from sales of real estate assets, net of expenses     496 740
Deferred leasing costs and other (41) (68) (284) (213)
Changes in short-term investments, net       1,011
Net cash used in investing activities (809) (1,766) (988) (15,222)
Financing activities:        
Proceeds from sale of common stock     108,676 2,500
Dividends paid to stockholders   (2,538) (3,404)  
Principal payments on mortgage loans (417) (357) (1,267) (4,296)
Payment of debt issuance costs   (162) (260) (231)
Net proceeds from revolving lines of credit   (2,875)   11,100
Proceeds from mortgage loans   6,500   15,000
Proceeds from exercise of stock options     6  
Net cash provided by (used in) financing activities (417) 568 103,751 24,073
Net increase (decrease) in cash and cash equivalents (416) (1,037) 103,909 10,066
Cash and cash equivalents at beginning of period 28,540 5,874 28,124 4,837
Cash and cash equivalents at end of period $ 28,124 $ 4,837 $ 132,033 $ 14,903