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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 27,606,000 $ 49,429,000
Adjustments to reconcile net earnings to net cash flow provided by operating activities:    
Depreciation and amortization expense 21,292,000 19,552,000
Impairment charges 2,984,000 1,429,000
Gain on dispositions of real estate (903,000) (7,302,000)
Loss on extinguishment of debt 43,000  
Deferred rent receivable (2,475,000) (1,582,000)
Amortization of above-market and below-market leases (2,000) 9,000
Amortization of investment in direct financing leases 2,923,000 2,598,000
Amortization of debt issuance costs 503,000 468,000
Accretion expense 278,000 822,000
Stock-based compensation 2,719,000 2,316,000
Changes in assets and liabilities:    
Accounts receivable (114,000) (180,000)
Prepaid expenses and other assets (2,364,000) (1,047,000)
Environmental remediation obligations (2,198,000) (19,867,000)
Accounts payable and accrued liabilities (1,766,000) (3,236,000)
Net cash flow provided by operating activities 48,526,000 43,409,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property acquisitions (73,260,000) (54,198,000)
Capital expenditures (141,000)  
Addition to construction in progress (129,000) (33,000)
Proceeds from dispositions of real estate 2,634,000 10,698,000
Deposits for property acquisitions 7,675,000  
Issuance of notes and mortgages receivable (41,600,000) (4,825,000)
Collection of notes and mortgages receivable 5,441,000 721,000
Net cash flow used in investing activities (99,380,000) (47,637,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under credit agreement 43,500,000 15,000,000
Repayments under credit agreement (113,500,000) (75,000,000)
Proceeds from senior unsecured notes 125,000,000 100,000,000
Repayments under senior unsecured notes (75,043,000)  
Payment of debt issuance costs (414,000) (588,000)
Payment of finance lease obligations (164,000) (230,000)
Security deposits refunded (1,136,000) (47,000)
Payments of cash dividends (41,517,000) (39,055,000)
Payments in settlement of restricted stock units (1,002,000) (496,000)
Net cash flow provided by (used in) financing activities 49,840,000 (499,000)
Change in cash, cash equivalents and restricted cash (1,014,000) (4,727,000)
Cash, cash equivalents and restricted cash at beginning of period 11,249,000 26,461,000
Cash, cash equivalents and restricted cash at end of period 10,235,000 21,734,000
Supplemental disclosures of cash flow information Cash paid during the period for:    
Interest 14,245,000 12,813,000
Income taxes 563,000 631,000
Environmental remediation obligations 2,120,000 2,333,000
Non-cash transactions:    
Dividends declared but not yet paid 22,262,000 19,619,000
Issuance of notes and mortgages receivable related to property dispositions   1,050,000
ATM Program [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net $ 114,116,000 $ (83,000)