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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 16,429 $ (14,792)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 11,267 11,471
Straight-line rental income (151) (1,277)
Other amortization 1,909 1,900
Share-based compensation 9,054 12,589
Net gain on sale of properties (90) 0
Change in assets and liabilities:    
Rents receivable and other assets (5,710) 407
Accounts payable, accrued expenses and other 1,024 735
Rent collected in advance (1,349) (504)
Net cash provided by operating activities 32,383 10,529
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (3,189) (5,979)
Proceeds from sale of properties, net 90 0
Net cash used in investing activities (3,099) (5,979)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common shares (130,476) (18,163)
Contributions from holders of noncontrolling interest 1 0
Distributions to common shareholders (1,462) (6,024)
Distributions to preferred shareholders (5,991) (5,991)
Distributions to holders of noncontrolling interest 0 (33)
Net cash used in financing activities (137,928) (30,211)
Decrease in cash and cash equivalents (108,644) (25,661)
Cash and cash equivalents at beginning of period 2,800,998 2,987,225
Cash and cash equivalents at end of period 2,692,354 2,961,564
SUPPLEMENTAL CASH FLOW INFORMATION:    
Taxes paid, net 108 244
NON-CASH INVESTING ACTIVITIES:    
Accrued capital expenditures 269 169
NON-CASH FINANCING ACTIVITIES:    
Distributions payable $ 113,584 $ 2,954