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

The following table details the components of operating lease income from leases in which the Company is the lessor ($ in thousands):

 

 

 

 

 

 

 

Year Ended December 31, 2025

 

 

Year Ended December 31, 2024

 

 

For the period from January 24, 2023 (Date of Formation) through December 31, 2023

 

Base rent(1)

$

147,890

 

 

$

31,779

 

 

$

58

 

Straight-line rental revenue

 

36,456

 

 

 

9,576

 

 

 

27

 

Total Rental Revenue

$

184,346

 

 

$

41,355

 

 

$

85

 

Schedule of Undiscounted Future Minimum Rents the Company Expects to Receive

The following table presents the undiscounted future minimum rents the Company expects to receive for its net lease properties classified as operating leases as of December 31, 2025 ($ in thousands):

Year

 

Future Minimum Receipts

 

2026

 

$

224,682

 

2027

 

 

250,691

 

2028

 

 

285,664

 

2029

 

 

292,469

 

2030

 

 

297,588

 

Thereafter

 

 

4,711,515

 

Total

 

$

6,062,609