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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 30,657 $ 34,183
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 17,505 17,617
Amortization of debt issuance costs, debt discounts and prepaids 1,440 1,048
Amortization of commitment fees and note receivable discounts (94) (148)
Amortization of lease incentives 723 299
Straight-line rent adjustments 308 (2,097)
Non-cash rental income 0 (2,500)
Non-cash interest income on mortgage and other notes receivable (25) (376)
Gains on sales of real estate, net (100) (1,397)
Gains from equity method investment (166) 0
Loan and realty losses (gains) 10 (418)
Payment of lease incentive 0 (10,000)
Non-cash share-based compensation 2,155 2,105
Changes in operating assets and liabilities:    
Other assets, net (3,631) (3,772)
Accounts payable and accrued expenses (7,523) (3,277)
Deferred income (432) (219)
Net cash provided by operating activities 40,827 31,048
Cash flows from investing activities:    
Investments in mortgage and other notes receivable (16,004) (7,219)
Collections of mortgage and other notes receivable 2,621 7,211
Acquisitions of real estate 0 (38,081)
Proceeds from sales of real estate 0 10,201
Investments in renovations of existing real estate (2,293) (1,147)
Investments in equipment (683) (986)
Distributions from equity method investment 166 2,500
Net cash used in investing activities (16,193) (27,521)
Cash flows from financing activities:    
Proceeds from revolving credit facility 59,000 192,000
Payments on revolving credit facility (55,500) (19,000)
Payments on term loans (105) (145,103)
Distributions to noncontrolling interests (248) (363)
Dividends paid to stockholders (39,069) (39,050)
Proceeds from noncontrolling interest 0 2,000
Net cash used in financing activities (35,922) (9,516)
Decrease in cash and cash equivalents and restricted cash (11,288) (5,989)
Cash and cash equivalents and restricted cash, beginning of period 24,617 21,516
Cash and cash equivalents and restricted cash, end of period 13,329 15,527
Supplemental disclosure of cash flow information:    
Interest paid, net of amounts capitalized 16,949 15,878
Supplemental disclosure of non-cash investing and financing activities:    
Real estate acquired in exchange for mortgage note receivable 0 14,200
Change in accounts payable related to renovations of existing real estate 36 20
Change in accounts payable related to distributions to noncontrolling interests 37 90
Reclassification of prepaid equity issuance costs to capital in excess of par value $ 0 $ 275