v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flow from Operating Activities:    
Net Income (Loss) Attributable to the Company $ 13,252 $ (1,507)
Adjustments to Reconcile Net Income (Loss) Attributable to the Company to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 35,701 32,814
Amortization of Intangible Liabilities to Income Property Revenue 830 1,793
Amortization of Deferred Financing Costs to Interest Expense 758 724
Amortization of Discount on Convertible Debt 119 119
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities (3,763) (3,565)
Gain on Disposition of Subsurface Interests (4,545)  
Provision for Impairment 653 1,408
Accretion of Commercial Loans and Investments Origination Fees (129) (105)
Non-Cash Imputed Interest (22) (22)
Deferred Income Taxes (10) 167
Unrealized Loss (Gain) on Investment Securities (2,250) 5,663
Extinguishment of Contingent Obligation   (2,300)
Non-Cash Compensation 2,887 2,802
Decrease (Increase) in Assets:    
Refundable Income Taxes 229 18
Land and Development Costs 2 (13)
Mitigation Credits and Mitigation Credit Rights 1,044 709
Other Assets (3,985) (3,792)
Increase (Decrease) in Liabilities:    
Accounts Payable (684) 1,424
Accrued and Other Liabilities 4,775 3,092
Deferred Revenue 971 516
Net Cash Provided By Operating Activities 45,833 39,945
Cash Flow from Investing Activities:    
Acquisition of Real Estate and Intangible Lease Assets and Liabilities (207,757) (82,810)
Investments in and Improvements to Real Estate (9,229) (17,778)
Acquisition of Commercial Loans and Investments (60,206) (17,477)
Proceeds from Disposition of Property, Plant, and Equipment, Net, and Assets Held for Sale 37,157 21,689
Proceeds from Disposition of Subsurface Interests 4,974  
Principal Payments Received on Commercial Loans and Investments 18,517 986
Acquisition of Investment Securities (447) (2,883)
Proceeds from the Sale of Investment Securities 1,655  
Net Cash Used In Investing Activities (215,336) (98,273)
Cash Flow From Financing Activities:    
Proceeds from Long-Term Debt 318,000 132,850
Payments on Long-Term Debt (286,000) (30,600)
Cash Paid for Loan Fees (989) (132)
Cash Received Exercise of Stock Options and Common Stock Issuance 558 308
Proceeds from Issuance of Preferred Stock, Net of Underwriting Discount and Expenses 32,996  
Cash Used to Purchase Common and Preferred Stock (664) (5,172)
Cash Paid for Vesting of Restricted Stock (1,274) (1,028)
Proceeds from (Cash Paid for) Issuance of Common and Preferred Stock, Net 132,200 (130)
Dividends Paid - Preferred Stock (4,936) (3,585)
Dividends Paid - Common Stock (28,339) (25,744)
Net Cash Provided By Financing Activities 161,552 66,767
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (7,951) 8,439
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 17,819 21,194
Cash, Cash Equivalents and Restricted Cash, End of Period 9,868 29,633
Reconciliation of Cash to the Consolidated Balance Sheets:    
Cash and Cash Equivalents 8,172 7,015
Restricted Cash 1,696 22,618
Total Cash $ 9,868 $ 29,633