v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Components of Operating Lease Income from Industrial Property

The following table details the components of operating lease income ($ in thousands):

 

 

For the Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Fixed lease payments

 

$

62,686

 

 

$

21,873

 

 

$

16,465

 

Variable lease payments

 

 

8,658

 

 

 

3,380

 

 

 

1,248

 

Rental revenue

 

$

71,344

 

 

$

25,253

 

 

$

17,713

 

 

Schedule of Future Minimum Rents Expects to Receive from Industrial Property

The following table presents the future minimum rents the Company expects to receive from its retail and industrial properties as of December 31, 2025 ($ in thousands):

Year

 

Amount

 

2026

 

$

32,630

 

2027

 

 

32,080

 

2028

 

 

30,860

 

2029

 

 

27,690

 

2030

 

 

24,140

 

Thereafter

 

 

134,320

 

Total

 

$

281,720