v3.26.1
LEASE REVENUE
6 Months Ended
Jun. 30, 2026
Operating Leases, Income Statement, Lease Revenue [Abstract]  
Operating Lease, Lease Income [Text Block] LEASE REVENUE
The Company’s primary source of revenue is rental income from business distribution space. The table below presents the components of Income from real estate operations for the three and six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,
Six Months Ended June 30,
2026202520262025
(In thousands)
Lease income — Operating leases$146,966 133,727 290,979 263,793 
Variable lease income (1)
46,326 43,529 92,547 86,107 
Income from real estate operations$193,292 177,256 383,526 349,900 

(1)Primarily includes tenant reimbursements for real estate taxes, insurance and common area maintenance.