v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Cash Flows from Operating Activities:          
Net Income $ 4,248 $ 6,781 $ 16,117 $ 20,630  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Stock-Based Compensation     971 750  
Loss on Sale of Real Estate 0 0 0 34  
Depreciation and Amortization Expense     13,454 11,634  
Amortization of Debt Issuance Costs     185 202  
Provision for Credit Loss (9) (11) (29) (34)  
Straight-Line Rent Expense     (2) (4)  
Application of Rent Escrow     0 (446)  
Application of Security Deposit     (100) (548)  
Changes in Assets and Liabilities          
Other Assets     13 (151)  
Accounts Payable and Accrued Expenses     45 39  
Security Deposits     36 14  
Rent Received in Advance     (258) 587  
Other Liabilities     7 (342)  
Net Cash Provided by Operating Activities     30,439 32,365  
Net Cash Flows from Investing Activities:          
Funding of Improvement Allowances     (375) 0 $ (705)
Principal Repayment on Loan Receivable     250 0  
Acquisition of Real Estate     (550) (785)  
Net Cash Used in Investing Activities     (675) (785)  
Net Cash Flows from Financing Activities:          
Tax Withholdings in Lieu of Issuance of Common Stock     (327) (352)  
Restricted Stock Units Settled in Cash     (279) 0  
Performance Stock Units Settled in Cash     0 (251)  
Common Stock Dividends Paid     (26,537) (26,491)  
Restricted Stock Units and Performance Stock Units Dividends Paid     (370) (409)  
Distributions to LPI Unitholders     (461) (468)  
Cash Redemption of LPI Units     0 (253)  
Repayments on Revolving Credit Facility     (7,600) 0  
Deferred Financing Costs     (267) 0  
Net Cash Used in Financing Activities     (35,841) (28,224)  
Net Increase (Decrease) in Cash and Cash Equivalents     (6,077) 3,356  
Cash and Cash Equivalents - Beginning of Period     23,937 20,213 20,213
Cash and Cash Equivalents - End of Period 17,860 23,569 17,860 23,569 23,937
Supplemental Disclosure of Cash Flow Information:          
Interest Paid     394 398  
Supplemental Disclosure of Non-Cash Investing and Financing Activities:          
Dividends and Distributions Declared, Not Paid 9,041 9,024 9,041 9,024 $ 9,169
Nonmonetary Acquisition of Real Estate     0 950  
Nonmonetary Disposition of Real Estate     0 986  
Accrual for Deferred Financing Costs $ 42 $ 0 $ 42 $ 0  

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