| Schedule of lease Income related to the Company's operating leases |
Lease income related to the Company’s operating leases is comprised of the following: | | | | | | | | | | | | Three months ended June 30, 2025 | | | Residential | | Commercial | | Total | | | | (in thousands) | Lease income related to fixed lease payments | | $ | 35,637 | | $ | 3,941 | | $ | 39,578 | Lease income related to variable lease payments | | | 1 | | | 969 | | | 970 | Other (a) | | | (44) | | | (104) | | | (148) | Lease Income (b) | | $ | 35,594 | | $ | 4,806 | | $ | 40,400 |
| | | | | | | | | | | | Three months ended June 30, 2024 | | | Residential | | Commercial | | Total | | | | (in thousands) | Lease income related to fixed lease payments | | $ | 32,696 | | $ | 3,873 | | $ | 36,569 | Lease income related to variable lease payments | | | 1 | | | 1,194 | | | 1,195 | Other (a) | | | (263) | | | (55) | | | (318) | Lease Income (b) | | $ | 32,434 | | $ | 5,012 | | $ | 37,446 |
| (a) | For the three months ended June 30, 2025 and 2024, “Other” is comprised of revenue adjustments related to changes in collectability and amortization of above and below market lease intangibles and lease inducements. |
| (b) | Excludes other rental income for the three months ended June 30, 2025 and 2024 of $2,600 and $1,850, respectively, which is accounted for under the revenue recognition standard. |
| | | | | | | | | | | | Six months ended June 30, 2025 | | | Residential | | Commercial | | Total | | | | (in thousands) | Lease income related to fixed lease payments | | $ | 70,598 | | $ | 7,877 | | $ | 78,475 | Lease income related to variable lease payments | | | 1 | | | 2,075 | | | 2,076 | Other (a) | | | (264) | | | (181) | | | (445) | Lease Income (b) | | $ | 70,335 | | $ | 9,771 | | $ | 80,106 |
| | | | | | | | | | | | Six months ended June 30, 2024 | | | Residential | | Commercial | | Total | | | | (in thousands) | Lease income related to fixed lease payments | | $ | 63,551 | | $ | 7,780 | | $ | 71,331 | Lease income related to variable lease payments | | | 1 | | | 2,339 | | | 2,340 | Other (a) | | | (483) | | | (41) | | | (524) | Lease Income (b) | | $ | 63,069 | | $ | 10,078 | | $ | 73,147 |
| (a) | For the six months ended June 30, 2025 and 2024, “Other” is comprised of revenue adjustments related to changes in collectability and amortization of above and below market lease intangibles and lease inducements. |
| (b) | Excludes other rental income for the six months ended June 30, 2025 and 2024 of $5,074 and $3,408. respectively, which is accounted for under the revenue recognition standard. |
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| Schedule of future minimum rental income |
| | | | Years ending December 31, | | Amount | | | (in thousands) | 2025 (July - December) | | $ | 9,390 | 2026 | | | 14,883 | 2027 | | | 13,401 | 2028 | | | 12,381 | 2029 | | | 10,965 | Thereafter | | | 25,626 | | | $ | 86,646 |
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