v3.26.1
Lease Accounting (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Components of the "Lease Revenue - UHS facilities" and "Lease Revenue - Non-related Parties" Captions

The components of the “Lease revenue – UHS facilities” and “Lease revenue – Non-related parties” captions for the three and six month periods ended June 30, 2026 and 2025 are disaggregated below (in thousands). Base rents are primarily stated rent amounts provided for under the leases that are recognized on a straight-line basis over the term of the lease. Bonus rents and tenant reimbursements represent amounts where tenants are contractually obligated to pay an amount that is variable in nature.

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

UHS facilities:

 

 

 

 

 

 

 

 

 

 

 

Base rents

$

6,625

 

 

$

6,758

 

 

$

13,256

 

 

$

13,443

 

Bonus rents (a.)

 

992

 

 

 

861

 

 

 

2,003

 

 

 

1,678

 

Tenant reimbursements

 

702

 

 

 

762

 

 

 

1,443

 

 

 

1,587

 

Lease revenue - UHS facilities

$

8,319

 

 

$

8,381

 

 

$

16,702

 

 

$

16,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-related parties:

 

 

 

 

 

 

 

 

 

 

 

Base rents

$

11,205

 

 

$

11,273

 

 

$

22,376

 

 

$

22,457

 

Tenant reimbursements

 

3,281

 

 

 

3,300

 

 

 

6,312

 

 

 

6,442

 

Lease revenue - Non-related parties

$

14,486

 

 

$

14,573

 

 

$

28,688

 

 

$

28,899

 

 

(a.) Consists of bonus rental earned in connection with McAllen Medical Center, a UHS acute care hospital facility.