v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Undiscounted Cash Flow The following table (i) sets forth undiscounted cash flows for future contractual base rents to be received under operating leases as of March 31, 2026 and (ii) excludes estimated reimbursements of Recoverable Operating Expenses:
Expirations
As of March 31, 2026
Remaining 2026
$58,740 
202777,083 
202869,650 
202963,344 
2030
51,282 
Thereafter
113,049 
Total$433,148 
Schedule of Lease, Cost
The following table sets forth the weighted-average for the lease term and the discount rate for the office leases in which the Company is a lessee as of March 31, 2026:
As of March 31, 2026
Lease Term and Discount Rate
Operating - Office Leases
Weighted-average remaining lease term in years9.0
Weighted-average discount rate (1)
6.90%
(1)Because the rate implicit in each of the Company's leases was not readily determinable, the Company used an incremental borrowing rate. In determining the Company's incremental borrowing rate at the commencement of each lease, the Company considered rates on secured borrowings, observable risk-free interest rates and credit spreads correlating to the Company's creditworthiness, the impact of collateralization and the term of each of the Company's lease agreements.
Schedule of Operating Lease, Maturity
The maturities of lease liabilities for the Company’s operating leases as of March 31, 2026 were as follows:
As of March 31, 2026
Operating Leases
Remaining 2026
$416 
2027
631 
2028
648 
2029
877 
2030
902 
Thereafter3,855 
Total undiscounted lease payments7,329 
Less imputed interest(2,081)
Total lease liabilities$5,248