v3.25.2
Credit Losses on Financial Assets and Other Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Credit Loss [Abstract]  
Schedule of Allowance for Credit Loss
The table below sets forth the activity for our allowance for credit losses for the six months ended June 30, 2025 and 2024 (in thousands):
Investing ReceivablesTenant Notes
Receivable (1)		Other Assets (2)Total
December 31, 2024$2,792 $615 $75 $3,482 
Net credit loss expense (recoveries) (3)1,774 (43)(29)1,702 
June 30, 2025$4,566 $572 $46 $5,184 
December 31, 2023$2,377 $666 $153 $3,196 
Net credit loss expense (3)369 76 13 458 
June 30, 2024$2,746 $742 $166 $3,654 
(1)Included in the line entitled “accounts receivable, net” on our consolidated balance sheets.
(2)The balance as of June 30, 2025 and December 31, 2024 included $13,000 and $60,000, respectively, in the line entitled “accounts receivable, net” and $33,000 and $15,000, respectively, in the line entitled “prepaid expenses and other assets, net” on our consolidated balance sheets.
(3)Included in the line entitled “interest and other income, net” on our consolidated statements of operations.
Schedule of Credit Risk Classification
The following table presents the amortized cost basis of our investing receivables, tenant notes receivable and sales-type lease receivables by credit risk classification, by origination year as of June 30, 2025 (in thousands):
Origination Year
2020 and Earlier
20212022202320242025Total
Investing receivables
Credit risk classification
Investment grade$58,847 $11,415 $— $1,701 $— $— $71,963 
Non-investment grade— — 3,230 — — 8,673 11,903 
Total $58,847 $11,415 $3,230 $1,701 $— $8,673 $83,866 
Tenant notes receivable
Credit risk classification
Investment grade$480 $— $— $— $— $— $480 
Non-investment grade1,248 — — — 381 25 1,654 
Total$1,728 $— $— $— $381 $25 $2,134 
Sales-type lease receivables
Credit risk classification
Investment grade$4,165 $— $— $— $— $— $4,165