v3.25.2
SEGMENTS - Income by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Operations revenue $ 8,028 $ 7,940 $ 16,022 $ 15,834
Total revenues 72,842 66,479 144,318 132,946
Operating expenses:        
Interest expense (13,081) (12,324) (25,812) (24,605)
Reconciliation to Segment net income:        
Income tax benefit (expense) (112) (86) (175) (113)
Net income 27,955 24,702 54,141 48,776
Real Estate Operations        
Revenues:        
Total revenues 64,674 58,140 128,135 116,310
Reconciliation to Segment net income:        
Net income 27,748 24,523 53,879 48,632
Restaurant Operations        
Revenues:        
Total revenues 8,028 7,940 16,022 15,834
Reconciliation to Segment net income:        
Net income 207 179 262 144
Operating Segments | Real Estate Operations        
Revenues:        
Total revenues 64,674 58,140 128,135 116,310
Operating expenses:        
Interest expense 12,295 11,671 24,244 23,314
Other segment items, net [1] 7,790 7,021 15,619 14,494
AFFO 44,589 39,448 88,272 78,502
Reconciliation to Segment net income:        
Depreciation and amortization (14,413) (13,157) (28,663) (26,443)
Stock-based compensation (2,001) (1,731) (4,761) (3,371)
Straight-line rent 837 1,113 1,563 2,287
Non-cash amortization of deferred financing costs (786) (653) (1,568) (1,291)
Other non-cash revenue adjustments (478) (497) (964) (1,052)
Net income 27,748 24,523 53,879 48,632
Operating Segments | Real Estate Operations | Real estate        
Revenues:        
Operations revenue 64,674 58,140 128,135 116,310
Operating Segments | Restaurant Operations        
Revenues:        
Total revenues 8,028 7,940 16,022 15,834
Operating expenses:        
Cost of goods sold 6,176 6,155 12,413 12,452
Other segment items, net [2] 1,404 1,394 2,941 2,877
EBITDA 448 391 668 505
Reconciliation to Segment net income:        
Depreciation and amortization (207) (188) (386) (369)
Income tax benefit (expense) (34) (24) (20) 8
Net income 207 179 262 144
Operating Segments | Restaurant Operations | Restaurant expenses        
Revenues:        
Operations revenue $ 8,028 $ 7,940 $ 16,022 $ 15,834
[1] Other segment items, net includes: compensation and related expenses, external services, other operating costs, property expenses, other income, net, and income tax expense
[2] Other segment items, net includes: franchise fees, rent and property tax expense, and administrative expense