v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Disaggregation of Lease Income
The following table provides a disaggregation of lease income recognized under ASC Topic 842, Leases (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Rental revenue
Fixed lease income (1)
$53,497 $41,175 $103,296 $80,267 
Variable lease income (2)
4,437 3,977 8,712 7,405 
Other rental revenue:
Above/below market lease amortization, net150 257 310 519 
Lease incentives(262)(251)(469)(443)
Rental revenue (including reimbursable)$57,822 $45,158 $111,849 $87,748 
(1) Fixed lease income includes contractual rents under lease agreements with tenants recognized on a straight-line basis over the lease term.
(2) Variable lease income primarily includes tenant reimbursements for real estate taxes, insurance, common area maintenance, and reserves for uncollectible amounts. There were no material reserves, write-offs, or recoveries of uncollectible amounts during the periods indicated above.
Schedule of Future Minimum Base Rental Receipts
Scheduled future minimum base rental payments (excluding base rental payments from properties classified as held for sale and straight-line rent adjustments for all properties) due to be received under the remaining noncancellable term of the operating leases in place as of June 30, 2026 are as follows (in thousands):

Future Minimum Base Rental Receipts
Remainder of 2026$107,519 
2027213,745 
2028208,296 
2029199,807 
2030188,848 
Thereafter1,409,761 
Total$2,327,976