v3.26.1
Assets Held For Sale
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held For Sale

NOTE 11. — ASSETS HELD FOR SALE

We evaluate the held for sale classification of our real estate as of the end of each quarter. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value less costs to sell. As of June 30, 2026, ten properties met the criteria to be classified as held for sale.

Real estate held for sale consisted of the following as of June 30, 2026, and December 31, 2025 (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Land

 

$

2,022

 

 

$

1,269

 

Buildings and improvements

 

 

4,242

 

 

 

1,109

 

 

 

 

6,264

 

 

 

2,378

 

Accumulated depreciation and amortization

 

 

(3,747

)

 

 

(482

)

Real estate held for sale, net

 

$

2,517

 

 

$

1,896

 

 

During the six months ended June 30, 2026, we sold six properties and received funds for one property condemnation resulting in an aggregate net gain of $6.5 million which is included in gains on dispositions of real estate on our consolidated statements of operations.