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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 90,043,000 $ 62,860,000 $ 69,388,000
Adjustments to reconcile net earnings to net cash flow provided by operating activities:      
Depreciation and amortization expense 39,902,000 35,518,000 30,191,000
Impairment charges 3,545,000 4,404,000 4,258,000
Gains on dispositions of real estate (16,423,000) (16,718,000) (4,548,000)
Loss on extinguishment of debt     1,233,000
Deferred rent receivable (3,458,000) (2,778,000) (2,903,000)
Allowance for credit loss on notes and mortgages receivable and direct financing leases 50,000 (132,000) 368,000
Amortization of above-market and below-market leases 14,000 (71,000) (314,000)
Amortization of investment in direct financing leases 5,392,000 4,846,000 4,210,000
Amortization of debt issuance costs 946,000 1,013,000 1,053,000
Accretion expense 1,259,000 1,705,000 1,841,000
Stock-based compensation expense 4,775,000 3,997,000 3,130,000
Changes in assets and liabilities:      
Accounts receivable (784,000) 60,000 (1,048,000)
Prepaid expenses and other assets (1,965,000) (997,000) (1,253,000)
Environmental remediation obligations (28,088,000) (6,335,000) (9,490,000)
Accounts payable and accrued liabilities (2,122,000) (554,000) (13,289,000)
Net cash flow provided by operating activities 93,086,000 86,818,000 82,827,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property acquisitions (137,275,000) (194,292,000) (149,955,000)
Capital expenditures   (271,000) (282,000)
Addition to construction in progress (56,000) (312,000) (275,000)
Proceeds from dispositions of real estate 24,204,000 24,796,000 5,433,000
Deposits for property acquisitions (8,265,000) 3,298,000 (2,368,000)
Issuance of notes and mortgages receivable (19,312,000) (13,515,000) (2,932,000)
Collection of notes and mortgages receivable 1,648,000 10,564,000 22,962,000
Net cash flow used in investing activities (139,056,000) (169,732,000) (127,417,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under credit agreements 90,000,000 175,000,000 140,000,000
Repayments under credit agreements (80,000,000) (140,000,000) (135,000,000)
Proceeds from senior unsecured notes 100,000,000   175,000,000
Repayments under senior unsecured notes     (100,000,000)
Payment for extinguishment of debt     (1,233,000)
Payments of finance lease liability (487,000) (645,000) (650,000)
Payments of cash dividends (78,264,000) (70,770,000) (62,626,000)
Payments of debt issuance costs (611,000) (2,586,000) (410,000)
Security deposits refunded 823,000 (233,000) 31,000
Payments in settlement of restricted stock units (496,000) (730,000) (257,000)
Net cash flow provided by financing activities 30,758,000 52,321,000 77,980,000
Change in cash, cash equivalents and restricted cash (15,212,000) (30,593,000) 33,390,000
Cash, cash equivalents and restricted cash at beginning of year 26,461,000 57,054,000 23,664,000
Cash, cash equivalents and restricted cash at end of year 11,249,000 26,461,000 57,054,000
Supplemental disclosures of cash flow information Cash paid during the period for:      
Interest 26,526,000 23,690,000 25,651,000
Income taxes 557,000 355,000 350,000
Environmental remediation obligations 4,252,000 4,568,000 6,355,000
Non-cash transactions      
Dividends declared but not yet paid 20,576,000 19,467,000 17,332,000
Issuance of notes and mortgages receivable related to property dispositions 1,050,000 428,000 792,000
ATM Program [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock, net $ (207,000) $ 92,285,000 $ 63,187,000