v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash Flows from Operating Activities:          
Net Income $ 5,997 $ 7,445 $ 11,869 $ 13,849  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Stock-Based Compensation     647 434  
Loss on Sale of Real Estate 0 (34) 0 (34)  
Depreciation and Amortization Expense     7,731 7,760  
Amortization of Debt Issuance Costs     135 135  
Provision for Credit Loss (9) (10) (20) (23)  
Straight-Line Rent Expense     (1) (2)  
Application of Rent Escrow     0 (446)  
Application of Security Deposit     0 (43)  
Changes in Assets and Liabilities          
Other Assets     338 213  
Accounts Payable and Accrued Expenses     (229) (284)  
Security Deposits     20 14  
Rent Received in Advance     392 305  
Other Liabilities     (34) (321)  
Net Cash Provided by Operating Activities     20,848 21,625  
Cash Flows from Investing Activities:          
Funded Commitments     375 0 $ 705
Acquisition of Real Estate     0 (785)  
Cash Used in Investing Activities     (375) (785)  
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     (17,687) (17,653)  
Restricted Stock Units and Performance Stock Units Dividends Paid     (325) (376)  
Distributions to LPI Unitholders     (307) (314)  
Cash Redemption of LPI Units     0 (253)  
Deferred Financing Costs     2 0  
Cash Used in Financing Activities     (18,648) (19,199)  
Net Increase in Cash and Cash Equivalents     1,825 1,641  
Cash and Cash Equivalents - Beginning of Period     23,937 20,213 20,213
Cash and Cash Equivalents - End of Period 25,762 21,854 25,762 21,854 23,937
Supplemental Disclosure of Cash Flow Information:          
Interest Paid     298 233  
Supplemental Disclosure of Non-Cash Investing and Financing Activities:          
Dividends and Distributions Declared, Not Paid $ 9,048 $ 9,024 9,048 9,024 $ 9,169
Nonmonetary Acquisition of Real Estate     0 950  
Nonmonetary Disposition of Real Estate     $ 0 $ 986  

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