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 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:        
Net income $ 14,712 $ 22,216 $ 26,175 $ 38,267
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 4,287 4,365 8,575 8,794
Straight-line rental income, net     1,068 1,100
Amortization of above/below market leases, net 682 731 1,362 1,463
Gain on sales of investment properties 0 (6,124) 0 (6,124)
Changes in assets and liabilities:        
Changes in accounts receivable     0 48
Changes in other assets     (1,202) (2,976)
Changes in right-of-use lease assets     815 871
Changes in accounts payable and accrued expenses     (278) 198
Changes in lease liabilities     20 1
Changes in other liabilities     62 (122)
Net cash provided by operating activities     36,597 41,520
Cash flows from investing activities:        
Proceeds from sales of investment properties     0 20,227
Net cash provided by investing activities     0 20,227
Cash flows from financing activities:        
Distributions paid to Certificateholders     (38,774) (78,647)
Net cash used in financing activities     (38,774) (78,647)
Net change in cash and cash equivalents     (2,177) (16,900)
Cash and cash equivalents, at beginning of period     37,130 51,886
Cash and cash equivalents, at end of period $ 34,953 $ 34,986 $ 34,953 $ 34,986