v3.25.2
Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases

Note 4 – Leases

The components of rental revenues for the three and six months ended June 30, 2025 and 2024 are as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Fixed lease payments

 

$

107,552

 

 

$

97,833

 

 

$

225,073

 

 

$

196,137

 

Variable lease payments

 

 

28,901

 

 

 

26,238

 

 

 

48,740

 

 

 

51,961

 

Total rental revenues

 

$

136,453

 

 

$

124,071

 

 

$

273,813

 

 

$

248,098

 

The undiscounted future fixed lease payments to be received under the Company's operating leases as of June 30, 2025, are as follows:

Years Ending December 31,

 

 

 

2025 (1)

 

$

219,671

 

2026

 

 

364,731

 

2027

 

 

281,851

 

2028

 

 

210,024

 

2029

 

 

152,873

 

2030

 

 

100,193

 

Thereafter

 

 

295,090

 

Total undiscounted lease payments

 

$

1,624,433

 

(1)
Reflects rental payments for the period July 1, 2025 to December 31, 2025.