v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Operating Lease Income

The disaggregation of the Company’s lease income, which is included in rental income on the Company’s consolidated statements of operations, as either fixed or variable lease income, for the three months ended March 31, 2026 and 2025, was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Rental income:

 

 

 

 

 

 

Fixed lease income(A)

 

$

41,751

 

 

$

27,516

 

Variable lease income(B)

 

 

14,661

 

 

 

10,211

 

Above-market and below-market leases amortization, net

 

 

1,677

 

 

 

930

 

Uncollectible revenue

 

 

(418

)

 

 

(219

)

Total rental income

 

$

57,671

 

 

$

38,438

 

 

(A)
Includes minimum base rents, fixed expense reimbursements, ancillary income and straight-line rent adjustments.
(B)
Includes expense reimbursements, overage rent, lease termination fee income and ancillary income.