v3.26.1
LEASES (Tables)
6 Months Ended
Jun. 30, 2026
LEASES  
Schedule of components of lease revenues

The components of lease revenues are as follows (amounts in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Fixed lease revenues

$

22,094

$

20,087

$

43,949

$

39,622

Variable lease revenues

4,247

4,116

9,021

8,499

Lease revenues (a)

$

26,341

$

24,203

$

52,970

$

48,121

 

(a)Excludes amortization related to lease intangible assets and liabilities of $659 and $993 for the three and six months ended June 30, 2026, respectively, and $276 and $528 for the three and six months ended June 30, 2025, respectively.

Schedule of minimum future contractual rents to be received on non-cancellable operating leases

As of June 30, 2026, the minimum future contractual rents to be received on non-cancellable operating leases are included in the table below (amounts in thousands). The minimum future contractual rents do not include (i) straight-line rent or amortization of lease intangibles or incentives and (ii) variable lease payments as described above.

From July 1 – December 31, 2026

$

42,530

For the year ending December 31,

2027

80,406

2028

69,074

2029

56,777

2030

45,072

2031

31,603

Thereafter

58,680

Total

$

384,142

Schedule of minimum future lease payments

As of June 30, 2026, the minimum future lease payments related to these operating leases are as follows (amounts in thousands):

From July 1 – December 31, 2026

$

314

For the year ending December 31,

2027

629

2028

630

2029

 

692

2030

 

180

2031

 

55

Thereafter

 

301

Total undiscounted cash flows

$

2,801

Present value discount

 

(443)

Lease liability

$

2,358