v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lease Revenue Recognized Between Fixed and Variable Lease Revenue The table below sets forth our composition of lease revenue recognized between fixed- and variable-lease revenue (in thousands):
For the Three Months Ended June 30,For the Six Months Ended June 30,
Lease revenue 2025202420252024
Fixed$136,334 $127,363 $268,025 $253,561 
Variable 39,264 38,256 82,881 77,491 
$175,598 $165,619 $350,906 $331,052 
Schedule of Property Right-of-use Assets and Lease Liabilities Our property right-of-use assets and property lease liabilities on our consolidated balance sheets consisted of the following (in thousands):
LeasesBalance Sheet LocationJune 30,
2025		December 31,
2024
Right-of-use assets
Operating leases - PropertyProperty - operating lease right-of-use assets$53,271 $55,760 
Finance leases - PropertyPrepaid expenses and other assets, net2,454 2,491 
Total right-of-use assets$55,725 $58,251 
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$47,372 $49,240 
Finance leases - PropertyOther liabilities377 391 
Total lease liabilities$47,749 $49,631 
Schedule of Property Lease Costs and Effect of Property Lease Payments on Consolidated Statements of Cash Flows The table below presents our total property lease cost (in thousands):
Statement of Operations LocationFor the Three Months Ended June 30,For the Six Months Ended June 30,
Lease cost2025202420252024
Operating lease cost
Property leases - fixedProperty operating expenses$2,271 $1,899 $4,537 $3,758 
Property leases - variableProperty operating expenses27 143 54 177 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses18 18 37 37 
Interest on lease liabilitiesInterest expense9 10 18 19 
$2,325 $2,070 $4,646 $3,991 
The table below presents the effect of property lease payments on our consolidated statements of cash flows (in thousands):
For the Six Months Ended June 30,
Supplemental cash flow information20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$3,917 $3,476 
Operating cash flows for finance leases$18 $19 
Financing cash flows for finance leases$14 $12 
Schedule of Payments Due on Property Operating Leases
Payments on property leases were due as follows (in thousands):
June 30, 2025
Year Ending December 31,Operating LeasesFinance Leases
2025 (1)
$4,021 $31 
20268,217 65 
20278,418 67 
20282,838 69 
20292,094 71 
Thereafter154,000 226 
Total lease payments179,588 529 
Less: Amount representing interest(132,216)(152)
Lease liability$47,372 $377 
(1)Represents the six months ending December 31, 2025.
Schedule of Payments Due on Property Finance Leases
Payments on property leases were due as follows (in thousands):
June 30, 2025
Year Ending December 31,Operating LeasesFinance Leases
2025 (1)
$4,021 $31 
20268,217 65 
20278,418 67 
20282,838 69 
20292,094 71 
Thereafter154,000 226 
Total lease payments179,588 529 
Less: Amount representing interest(132,216)(152)
Lease liability$47,372 $377 
(1)Represents the six months ending December 31, 2025.