v3.26.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2026
LEASES  
Schedule of components of lease revenues

The components of lease revenues are as follows (amounts in thousands):

Three Months Ended

March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

  ​ ​ ​

Fixed lease revenues

$

21,856

$

19,536

Variable lease revenues

4,773

4,382

Lease revenues (a)

$

26,629

$

23,918

 

(a)Excludes amortization related to lease intangible assets and liabilities of $334 and $252 for the three months ended March 31, 2026 and 2025, respectively.

Schedule of minimum future contractual rents to be received on non-cancellable operating leases

As of March 31, 2026, the minimum future contractual rents to be received on non-cancellable operating leases are included in the table below (amounts in thousands). The minimum future contractual rents do not include (i) straight-line rent or amortization of lease intangibles or incentives and (ii) variable lease payments as described above.

From April 1 – December 31, 2026

$

64,250

For the year ending December 31,

2027

79,965

2028

68,583

2029

56,079

2030

44,333

2031

30,939

Thereafter

58,398

Total

$

402,547

Schedule of minimum future lease payments

As of March 31, 2026, the minimum future lease payments related to these operating leases are as follows (amounts in thousands):

From April 1 – December 31, 2026

$

471

For the year ending December 31,

2027

629

2028

630

2029

 

692

2030

 

180

2031

 

55

Thereafter

 

301

Total undiscounted cash flows

$

2,958

Present value discount

 

(485)

Lease liability

$

2,473