v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (8,241) $ (7,118)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 46,799 48,838
Credit losses on lease related receivables 2,022 2,548
Share-based compensation expense 3,113 2,135
Net amortization of debt premiums, discounts and related financing costs 2,143 2,117
Gain on land easements 0 (1,410)
Changes in operating other assets (13) (666)
Changes in operating other liabilities 200 3,629
Net cash provided by operating activities 46,023 50,073
Cash flows from investing activities    
Capital improvements to real estate (14,391) (21,487)
Non-real estate capital improvements (60) (59)
Payments received for land easements 0 3,862
Net cash used in investing activities (14,451) (17,684)
Cash flows from financing activities    
Line of credit borrowings, net (1,000) (1,000)
Dividends paid (31,841) (31,843)
Payment of financing costs (26) 0
Distributions to noncontrolling interests (4) (5)
Payment of tax withholdings for restricted share awards (217) (187)
Net cash used in financing activities (33,088) (33,035)
Net decrease in cash, cash equivalents and restricted cash (1,516) (646)
Cash, cash equivalents and restricted cash at beginning of period 8,609 8,538
Cash, cash equivalents and restricted cash at end of period 7,093 7,892
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 16,286 16,140
Change in accrued capital improvements and development costs 1,155 (5,339)
Dividend payable 15,947 15,905
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 4,786 5,629
Restricted cash 2,307 2,263
Cash, cash equivalents and restricted cash $ 7,093 $ 7,892

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