v3.26.1
Rental Revenue and Tenant Receivables
6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Rental Revenue and Tenant Receivables Rental Revenue and Tenant Receivables
Tenant Receivables

As of June 30, 2026 and December 31, 2025, the Company’s allowance for uncollectible tenant receivables totaled $0.8 million and $0.5 million, respectively. At June 30, 2026 and December 31, 2025, there were $10.1 million and $9.7 million, respectively, in unbilled straight-line rent, which is included in "receivables, net."

Lease Contract Revenue

The below table disaggregates the Company’s revenue by type of service (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Base rent$16,777 $17,206 $33,786 $34,563 
Tenant reimbursements - variable lease revenue4,766 6,976 11,000 12,961 
Above (below) market lease amortization, net360 685 720 1,425 
Straight-line rents116 748 450 1,147 
Percentage rent - variable lease revenue212 195 466 327 
Lease termination fees— 
Other449 445 573 613 
     Total22,683 26,255 47,003 51,041 
Credit losses on operating lease receivables(207)(154)(520)(586)
     Total$22,476 $26,101 $46,483 $50,455