v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease, Cost
Three Months Ended
March 31, 2026
Three Months Ended
March 31, 2025
Lease Cost:
Operating lease cost$588 $— 
Variable lease cost213 — 
Net lease cost$801 $ 
Other Information
Operating cash outflows from operating leases$659 $— 
 
Weighted-average remaining lease term5.3
Weighted-average discount rate6.7 %
Schedule of Lessee, Operating Lease, Liability, to be Paid, Maturity
The following table shows future minimum payments under the Company's operating leases as of March 31, 2026 (dollars in thousands):
Future Minimum PaymentsMarch 31, 2026
2026 (Nine Months Ended December 31, 2026)$2,007 
20272,528 
20282,381 
20292,004 
2030804 
2031 and beyond2,246 
Total Lease Payments11,970 
Less: imputed interest(1,943)
Total$10,027 
Schedule of Future Minimum Payments to be Received
The following table summarizes the Company's schedule of future minimum rents on its real estate owned, held for investment properties, to be received under the leases (dollars in thousands):
Future Minimum RentsMarch 31, 2026
2026 (Nine Months Ended December 31, 2026)$6,676 
20278,710 
20288,884 
20299,062 
20309,243 
2031 and beyond79,083 
Total future minimum rent$121,658