v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash Flows from Operating Activities:      
Net Income $ 5,874 $ 6,404  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Stock-Based Compensation 299 388  
Depreciation and Amortization Expense 3,867 3,883  
Amortization of Debt Issuance Costs 67 67  
Provision for Credit Loss (11) (13)  
Straight-Line Rent Expense (1) (1)  
Application of Rent Escrow 0 (446)  
Application of Security Deposit 0 (43)  
Changes in Assets and Liabilities      
Other Assets 104 71  
Accounts Payable and Accrued Expenses (222) (213)  
Security Deposits 0 5  
Rent Received in Advance 433 370  
Other Liabilities (16) (310)  
Net Cash Provided by Operating Activities 10,394 10,162  
Cash Flows from Investing Activities:      
Acquisition of Real Estate 0 (285)  
Cash Used in Investing Activities 0 (285)  
Cash Flows from Financing Activities:      
Tax Withholdings in Lieu of Issuance of Common Stock (327) (352)  
Performance Stock Units Settled in Cash 0 (251)  
Common Stock Dividends Paid (8,838) (8,821)  
Restricted Stock Units and Performance Stock Units Dividends Paid (246) (310)  
Distributions to LPI Unitholders (154) (160)  
Cash Redemption of LPI Units 0 (253)  
Cash Used in Financing Activities (9,565) (10,147)  
Net Increase (Decrease) in Cash and Cash Equivalents 829 (270)  
Cash and Cash Equivalents - Beginning of Period 23,937 20,213 $ 20,213
Cash and Cash Equivalents - End of Period 24,766 19,943 23,937
Supplemental Disclosure of Cash Flow Information:      
Interest Paid 148 107  
Supplemental Disclosure of Non-Cash Investing and Financing Activities:      
Dividends and Distributions Declared, Not Paid 9,036 9,015 $ 9,169
Common Stock Issued in Lieu of Director Cash Compensation $ 0 $ 13  

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