Real Estate |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Real Estate | Note 4—Real Estate The Company’s real estate assets were comprised of the following ($ in thousands):(1)
Tenant Reimbursements—The Company receives reimbursements from tenants for certain facility operating expenses including common area costs, insurance, utilities and real estate taxes. Tenant reimbursements were $1.0 million and $0.6 million for the three months ended June 30, 2026 and 2025, respectively. Tenant reimbursements were $1.5 million and $1.0 million for the six months ended June 30, 2026 and 2025, respectively. These amounts are included in “Operating lease income” in the Company’s consolidated statements of operations. Allowance for Doubtful Accounts—As of June 30, 2026 and December 31, 2025, the allowance for doubtful accounts related to real estate tenant receivables was $0.1 million and $0.2 million, respectively. These amounts are included in “Accrued interest and operating lease income receivable, net” on the Company’s consolidated balance sheets. Future Minimum Operating Lease Payments—Future minimum operating lease payments to be collected under non-cancelable operating leases, excluding tenant reimbursements of expenses, in effect as of June 30, 2026, are as follows by year ($ in thousands):
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