Investments in Real Estate (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Acquisitions | Below is a summary of our acquisitions for the six months ended June 30, 2026 (unaudited):
(1)Our clients occupying the new properties are 51.8% retail, 48.1% industrial, and 0.1% other property types based on net operating income. Approximately 48% of the net operating income generated from acquisitions during the six months ended June 30, 2026 was from investment grade rated clients, their subsidiaries, or affiliated companies at the date of acquisition.
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| Schedule Allocation of Acquisitions | The aggregate purchase price, including properties acquired through takeout financing and reported in properties under development in the table above, was allocated as follows (in millions):
(1)The weighted average amortization period for acquired lease intangible assets is 10.7 years. (2)USD-denominated other assets consists entirely of $44.3 million of financing receivables allocated to sale-leaseback transactions. (3)The weighted average amortization period for acquired lease intangible liabilities is 13.5 years. (4)USD-denominated other liabilities consists entirely of $10.6 million deferred rent on certain below-market leases.
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| Schedule of Future Impact Related to Amortization of Above-Market, Below-Market and in-place Lease Intangibles | The following table presents the estimated impact during the next five years and thereafter related to the amortization of the above-market and below-market lease intangibles and the amortization of the in-place lease intangibles as of June 30, 2026 (in thousands):
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| Schedule of Gain on Sales of Real Estate | The following table summarizes our properties sold during the periods indicated below (dollars in millions):
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