Under ASC 842, the Company is required at lease inception (and if applicable at a lease reassessment date) to determine the term of the lease. This requires concluding whether it is reasonably assured that our tenants will exercise their renewal options contained within the lease. The initial lease term is a key judgment that is utilized in the lease classification test to determine whether the lease is an operating lease, sales-type lease or direct financing lease. The Company currently has not included tenant renewal options in its determination of the initial lease term. The Company assesses whether to include tenant renewal options in its calculation of the lease term based on several factors, including but not limited to, whether its tenants' leases represent substantially all of the tenants' earnings and revenues, the ability of its tenants to sell their leased operations for fair value and whether the initial term of its leases is for a significant period of time.


	Three Months Ended June 30, 2026		Six Months Ended June 30, 2026
Building base rent	$	339,692	$	668,243
Land base rent	49,649		99,299
Percentage rent and other rental revenue	17,712		35,979
Interest income on real estate loans	7,624		14,547
Total cash income	$	414,677	$	818,068
Straight-line rent adjustments	(1,455)		(1,926)
Ground rent in revenue	9,970		19,623
Accretion on financing receivables	7,327		14,739

Total income from real estate	$	430,519	$	850,504

As of June 30, 2026, the future minimum rental income from the Company's rental properties under non-cancelable operating leases, including any reasonably assured renewal periods, was as follows (in thousands):


Year ending December 31,	Future Rental Payments Receivable		Straight-Line Rent Adjustments (1)		Future Base Ground Rents Receivable		Future Income to be Recognized Related to Operating Leases
2026 (remainder of year)	$	699,462	$	26,462	$	7,810	$	733,734
2027	1,403,987		47,860		15,154		1,467,001
2028	1,377,737		40,460		15,036		1,433,233
2029	1,345,851		34,176		15,036		1,395,063
2030	1,352,238		27,789		15,043		1,395,070
Thereafter	4,411,649		(25,206)		58,508		4,444,951
Total	$	10,590,924	$	151,541	$	126,587	$	10,869,052

(1) Includes a tenant improvement allowance that is being amortized over the life of a tenant lease and excludes deferred income on the Bally's Chicago Land Lease as the facility is under development and as such is not ready for its intended use.

The table above presents the cash rent the Company expects to receive from its tenants, offset by adjustments to recognize this rent on a straight-line basis over the lease term. The Company also includes the future non-cash revenue it expects to recognize from the fixed portion of tenant paid ground leases in the table above. See Note 3 for the future contractual cash receipts to be received by the Company under its Investment in leases.