v3.26.1
Segment Reporting
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

12. Segment Reporting

The Company’s operations are managed as a single reportable segment. The Company derives its revenue and net income from real estate leased to industrial tenants under long-term net leases throughout the United States, and the Company manages its business activities on a consolidated basis.

The Company’s chief operating decision maker (“CODM”) is its Principal Executive Officer. The CODM utilizes consolidated net income attributable to the Company as reported on the Consolidated Statements of Operations. The CODM uses this metric when allocating resources and assessing the performance of the single segment.

The Company determined there are no significant segment expenses that require separate disclosure for the three months ended March 31, 2026 and 2025, as the major categories of expenses regularly reviewed by the CODM to manage operations are reported on the Consolidated Statements of Operations.