v3.26.1
CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Shareholders’ Equity
$0.001 Par Value Common Stock
Additional Paid-In Capital
Distributions in Excess of Accumulated Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Balance - beginning of period (in shares) at Dec. 31, 2024     14,814,075        
Balance - beginning of period at Dec. 31, 2024 $ 585,403 $ 581,228 $ 15 $ 855,813 $ (234,443) $ (40,157) $ 4,175
Net Lease Office Properties              
Net income (loss) (81,005) (81,048)     (81,048)   43
Distributions to noncontrolling interest (181)           (181)
Other comprehensive loss:              
Foreign currency translation adjustments (166) (166)       (166)  
Balance - end of period (in shares) at Jun. 30, 2025     14,814,075        
Balance - end of period at Jun. 30, 2025 504,051 500,014 $ 15 855,813 (315,491) (40,323) 4,037
Balance - beginning of period (in shares) at Mar. 31, 2025     14,814,075        
Balance - beginning of period at Mar. 31, 2025 586,229 582,123 $ 15 855,813 (233,951) (39,754) 4,106
Net Lease Office Properties              
Net income (loss) (81,518) (81,540)     (81,540)   22
Distributions to noncontrolling interest (91)           (91)
Other comprehensive loss:              
Foreign currency translation adjustments (569) (569)       (569)  
Balance - end of period (in shares) at Jun. 30, 2025     14,814,075        
Balance - end of period at Jun. 30, 2025 $ 504,051 500,014 $ 15 855,813 (315,491) $ (40,323) 4,037
Balance - beginning of period (in shares) at Dec. 31, 2025 14,814,075   14,814,075        
Balance - beginning of period at Dec. 31, 2025 $ 297,825 293,911 $ 15 855,813 (561,917)   3,914
Net Lease Office Properties              
Net income (loss) 18,891 18,804     18,804   87
Distributions to noncontrolling interest (106)           (106)
Distributions declared ($10.05 per share) (148,882) (148,882)     (148,882)    
Other comprehensive loss:              
Foreign currency translation adjustments $ 0            
Balance - end of period (in shares) at Jun. 30, 2026 14,814,075   14,814,075        
Balance - end of period at Jun. 30, 2026 $ 167,728 163,833 $ 15 855,813 (691,995)   3,895
Balance - beginning of period (in shares) at Mar. 31, 2026     14,814,075        
Balance - beginning of period at Mar. 31, 2026 173,984 170,027 $ 15 855,813 (685,801)   3,957
Net Lease Office Properties              
Net income (loss) (6,150) (6,194)     (6,194)   44
Distributions to noncontrolling interest (106)           (106)
Other comprehensive loss:              
Foreign currency translation adjustments $ 0            
Balance - end of period (in shares) at Jun. 30, 2026 14,814,075   14,814,075        
Balance - end of period at Jun. 30, 2026 $ 167,728 $ 163,833 $ 15 $ 855,813 $ (691,995)   $ 3,895