Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 11,463 $ 16,050
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,287 4,429
Straight-line rental income, net 534 552
Amortization of above/below market leases, net 681 733
Changes in assets and liabilities:    
Changes in accounts receivable 0 48
Changes in other assets (922) (2,559)
Changes in right-of-use lease assets 407 450
Changes in accounts payable and accrued expenses (340) 179
Changes in lease liabilities 11 12
Changes in other liabilities 62 1
Net cash provided by operating activities 16,183 19,895
Cash flows from financing activities:    
Distributions paid to Certificateholders (19,346) (37,751)
Net cash used in financing activities (19,346) (37,751)
Net change in cash and cash equivalents (3,163) (17,856)
Cash and cash equivalents, at beginning of period 37,130 51,886
Cash and cash equivalents, at end of period $ 33,967 $ 34,030