Summary of Significant Accounting Policies and Procedures and Recent Accounting Pronouncements (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Restricted Cash and Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the total amount shown in the consolidated statements of cash flows (in thousands):


	June 30, 2026		December 31, 2025
Cash and cash equivalents	$	204,734	$	47,597
Restricted cash	2,903		—
Cash, cash equivalents and restricted cash	$	207,637	$	47,597

Schedule of Major Tenants by Rental Revenue

The following tables set forth the five tenants in our portfolio that represented the largest percentage of our total rental revenues for the three and six months ended June 30, 2026 and 2025, including tenant reimbursements:


	For the Three Months Ended
	June 30, 2026
		Percentage of
	Number of	Rental
	Leases	Revenue
Ascend Wellness Holdings, Inc. ("Ascend")	4	14	%
Green Thumb Industries, Inc. ("Green Thumb")	3	10	%
Curaleaf Holdings, Inc. ("Curaleaf")	8	9	%
Trulieve Cannabis Corp. ("Trulieve")	6	9	%
Cresco Labs Inc.	5	8	%


	For the Six Months Ended
	June 30, 2026
	Number of Leases	Percentage of Rental Revenue
Ascend	4	13	%
Green Thumb	3	9	%
Curaleaf	8	9	%
Trulieve	6	8	%
Cresco Labs Inc.	5	7	%


	For the Three Months Ended
	June 30, 2025
	Number of Leases	Percentage of Rental Revenue
Ascend	4	13	%
Green Thumb	3	10	%
Curaleaf	8	9	%
Trulieve	6	8	%
The Cannabist Company	21	8	%


	For the Six Months Ended
	June 30, 2025
		Percentage of
	Number of	Rental
	Leases	Revenue
Ascend	4	12	%
Green Thumb	3	9	%
Curaleaf	8	8	%
Trulieve	6	8	%
The Cannabist Company	21	7	%