v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Composition of Lease Revenue Recognized Between Fixed and Variable Components

The table below sets forth our composition of lease revenue recognized between fixed and variable components (amounts in thousands):

 

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Fixed

 

$

83,376

 

 

$

75,293

 

 

$

166,194

 

 

$

146,066

 

Variable

 

 

6,283

 

 

 

5,074

 

 

 

12,058

 

 

 

9,847

 

Rental income

 

 

89,659

 

 

 

80,367

 

 

 

178,252

 

 

 

155,913

 

 

Schedule of Quantitative Information for Our Operating Leases

The following table provides quantitative information for our commenced operating leases for the three and six months ended June 30, 2026 and 2025 (amounts in thousands):

 

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cash flows from operating lease costs

 

$

240

 

 

$

199

 

 

$

464

 

 

$

396

 

Schedule of Maturity of Fixed Lease Payments Under Our Corporate Office Leases

In addition, the maturity of fixed lease payments under our commenced corporate office leases as of June 30, 2026 is summarized in the table below (amounts in thousands):

Corporate office leases

 

Payments due by period

 

2026 (1)

 

 

355

 

2027

 

 

671

 

2028

 

 

1,081

 

2029

 

 

1,046

 

2030

 

 

731

 

Thereafter

 

 

1,212

 

Total future minimum lease payments

 

$

5,096

 

Imputed interest

 

 

(666

)

Total

 

$

4,430

 

(1)
Represents the six months ending December 31, 2026.