Property Dispositions |
6 Months Ended |
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Jun. 30, 2026 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Property Dispositions | Property Dispositions 2026 — During the six months ended June 30, 2026, we sold six properties, for total proceeds, net of selling costs, of $128.0 million, and recognized net gains on these sales totaling $33.2 million. These proceeds exclude a $20.0 million deposit received during the fourth of quarter of 2025 related to a disposition in January 2026. In addition, these proceeds and gain on sale include an unused tenant improvement allowance returned to us by the buyer of a property that we sold during 2025 and certain other amounts totaling $0.5 million for the three and six months ended June 30, 2026. We did not sell any properties during the three months ended June 30, 2026. 2025 — During the three and six months ended June 30, 2025, we sold one and three properties, respectively, for total proceeds, net of selling costs, of $16.3 million and $25.4 million, respectively, and recognized net gains (losses) on these sales totaling $0.1 million and $(0.9) million, respectively. In connection with the sale of a property in Poland in March 2025, and in accordance with ASC 830-30-40, Foreign Currency Matters, we reclassified an aggregate of $1.1 million of net foreign currency translation losses from Accumulated other comprehensive loss to Loss on sale of real estate, net (as an increase to Loss on sale of real estate, net), since the sale represented a disposal of all of our investments denominated in euros (Note 2, Note 10). In addition, the estimated purchase price of a property classified as held for sale as of June 30, 2025 was lowered during the second quarter of 2025. As a result, we recognized a loss on sale of real estate of $3.4 million during the three and six months ended June 30, 2025, reflecting the updated estimated purchase price, in accordance with ASC 360, Property, Plant, and Equipment. This property was sold in December 2025.
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