v3.25.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Operating Lease, Liability, Maturity
The following table reflects the base cash rental payments due from the Company for the next five years as of June 30, 2025:
Future Base Rent Payments
(In thousands)Operating Leases
Direct Financing Leases (1)
2025 (remainder)$317 $39 
2026627 79 
2027596 81 
2028597 83 
2029599 85 
Thereafter19,043 5,845 
Total minimum lease payments21,779 6,212 
Less: amounts representing interest(13,978)(2,194)
Total present value of minimum lease payments$7,801 $4,018 
_______
(1)The direct finance lease liability is included in accounts payable and accrued expenses on the balance sheet as of June 30, 2025. The direct financing lease asset is included as part of building and improvements as the land component was not required to be bifurcated under ASU 840.
Schedule of Finance Lease, Liability, Maturity
The following table reflects the base cash rental payments due from the Company for the next five years as of June 30, 2025:
Future Base Rent Payments
(In thousands)Operating Leases
Direct Financing Leases (1)
2025 (remainder)$317 $39 
2026627 79 
2027596 81 
2028597 83 
2029599 85 
Thereafter19,043 5,845 
Total minimum lease payments21,779 6,212 
Less: amounts representing interest(13,978)(2,194)
Total present value of minimum lease payments$7,801 $4,018 
_______
(1)The direct finance lease liability is included in accounts payable and accrued expenses on the balance sheet as of June 30, 2025. The direct financing lease asset is included as part of building and improvements as the land component was not required to be bifurcated under ASU 840.