v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Lease Income
Rental income related to the Company’s operating leases is comprised of the following:
Year ended December 31,
20252024
Rental income related to fixed lease payments$30,760 $29,875 
Rental income related to variable lease payments5,751 5,202 
Other property income895 1,003 
Total revenues$37,406 $36,080 
Payments to be received under Topic 842
As of December 31, 2025, commercial operating leases provide for future minimum rental income, assuming no expiring leases are renewed, as follows. Multi-family residential leases are not included as the terms are generally for one year or less.
2026$13,349 
202713,002 
202812,693 
202912,026 
203010,447 
Thereafter80,688 
Total$142,205 
Operating lease liability under Topic 842
The following table sets forth the undiscounted cash flows of our scheduled obligations for future minimum payments on our operating leases at December 31, 2025 and a reconciliation of those cash flows to the operating lease liability.
2026$25 
202721 
202821 
202921 
203021 
Thereafter247 
Total$356 
Imputed interest(106)
Lease liability$250