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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 22,751 $ 1,305
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,719 3,776
Straight-line rental income 279 10
Other amortization 591 636
Share-based compensation 2,988 3,176
Change in assets and liabilities:    
Rents receivable and other assets (662) (1,265)
Accounts payable, accrued expenses and other (7,018) (4,468)
Rent collected in advance 460 (254)
Net cash provided by operating activities 23,108 2,916
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (1,175) (650)
Cash used in investing activities (1,175) (650)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase and retirement of common shares (3,395) (77,877)
Contributions from holders of noncontrolling interest 0 1
Distributions to common shareholders (468,232) (1,462)
Distributions to preferred shareholders (1,997) (1,997)
Distributions to holders of noncontrolling interest (1,843) 0
Net cash used in financing activities (475,467) (81,335)
Decrease in cash and cash equivalents (453,534) (79,069)
Cash and cash equivalents at beginning of period 2,582,222 2,800,998
Cash and cash equivalents at end of period 2,128,688 2,721,929
SUPPLEMENTAL CASH FLOW INFORMATION:    
Taxes refunded, net (9) (12)
NON-CASH INVESTING ACTIVITIES:    
Accrued capital expenditures 1,710 703
NON-CASH FINANCING ACTIVITIES:    
Distributions payable $ 7,795 $ 514