Impairment Charges (Tables)

6 Months Ended

Jun. 30, 2026

Impairment Charges Measured at Fair Value of Real Estate on Non-Recurring Basis

The following table presents information about the fair value of real estate that was impaired, and therefore, measured on a fair value basis, along with the related impairment charge for the six months ended June 30, 2026. The table also indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions):


	Fair Value Measurements
	Level 1		Level 2		Level 3		Total		Total Impairment Charges
June 30, 2026
Long-lived assets held and used	$	—	$	—	$	32.2	$	32.2	$	18.5

Summary of Significant Unobservable Inputs


	Quantitative Information About Level 3 Fair Value Measurements
	Fair Value at		Valuation
Description	June 30, 2026		Technique	Unobservable Inputs	Range
Impairment of consolidated assets	$	32.2	Indicative Bid	Indicative Bid(A)	N/A

(A)

Fair value measurements based upon indicative bids and developed by third-party sources (including offers and comparable sales values), subject to the Company’s corroboration for reasonableness. The Company does not have access to certain unobservable inputs used by these third parties to determine these estimated fair values.