The
following table summarizes the components of lease revenues (amounts in thousands):
Schedule of Components of Lease Revenues
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
(unaudited) | | |
(unaudited) | | |
(unaudited) | | |
(unaudited) | |
| Fixed lease revenues | |
$ | 5,280 | | |
$ | 1,883 | | |
$ | 9,389 | | |
$ | 3,405 | |
| Variable lease revenues (1) | |
| 36 | | |
| 102 | | |
| 109 | | |
| 281 | |
| Lease revenues (2) (3) | |
$ | 5,316 | | |
$ | 1,985 | | |
$ | 9,498 | | |
$ | 3,686 | |
| (1) | Includes
reimbursements for property taxes, insurance, and common area maintenance services. |
| (2) | Excludes
lease intangible amortization of less than $0.1 million and less than $0.1 million for the
three months ended June 30, 2026 and 2025, respectively, and less than $0.1 million and less
than $0.1 million for the six months ended June 30, 2026 and 2025, respectively. |
| (3) | Excludes
straight-line rent of less than $0.1 million and less than $0.1 million for the three months
ended June 30, 2026 and 2025, respectively, and less than $0.1 million and less than $0.1
million for the six months ended June 30, 2026 and 2025, respectively. |
|