v3.26.1
Lease Agreements
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lease Agreements Lease Agreements
As of June 30, 2026, we were the lessor to over 2,600 stores in our 35 consolidated centers, under operating leases with initial terms that expire between 2026 and 2040, with certain agreements containing extension options. Also, certain of our lease agreements require tenants to pay their proportionate share of reimbursable expenses, such as common area expenses, utilities, insurance and real estate taxes.

The components of rental revenues are as follows (in thousands):
Three months endedSix months ended
June 30,June 30,
2026202520262025
Rental revenues - fixed$121,224 $108,477 $240,088 $215,673 
Rental revenues - variable (1)
27,050 24,958 51,724 47,047 
Rental revenues$148,274 $133,435 $291,812 $262,720 
(1)Primarily includes rents based on a percentage of tenant sales volume and reimbursable expenses such as common area expenses, utilities, insurance and real estate taxes.