Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 17,157 $ 20,428
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,830 5,336
Gain on sales of investment properties, net (828) (3,651)
Amortization of above/below market leases, net 551 332
Changes in assets and liabilities:    
Changes in accounts receivable 782 688
Changes in other assets (569) (3,726)
Changes in right-of-use lease assets 459 522
Changes in accounts payable and accrued expenses 361 (525)
Changes in lease liabilities 24 29
Changes in other liabilities (49) (65)
Net cash provided by operating activities 22,718 19,368
Cash flows from investing activities:    
Proceeds from sales of investment properties 7,196 20,961
Net cash provided by investing activities 7,196 20,961
Cash flows from financing activities:    
Distributions paid to Certificateholders (37,272) (633,508)
Net cash used in financing activities (37,272) (633,508)
Net increase (decrease) in cash and cash equivalents (7,358) (593,179)
Cash and cash equivalents, at beginning of period 48,922 627,522
Cash and cash equivalents, at end of period $ 41,564 $ 34,343