Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Operating Lease, Lease Income

The following table details the components of operating lease income from the leases of which the Company is the lessor:


		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2026				2025				2026				2025
Fixed lease payments		$	35,879			$	16,155			$	68,995			$	26,345
Straight-line rent adjustment			4,479				1,577				8,593				2,498
Variable lease payments(1)			4,859				1,894				8,380				3,423
Amortization of (above)- and below-market leases, net			584				(154	)			963				203
Total rental revenue:		$	45,801			$	19,472			$	86,931			$	32,469

(1)

Consists of tenant reimbursements.

Lessee, Operating Lease, Liability, to be Paid, Maturity

The following table presents the undiscounted future minimum rents the Company expects to receive from its net lease properties classified as operating leases as of June 30, 2026:


Year		Future Minimum Rents(1)
2026 (Remaining)		$	78,702
2027			162,476
2028			183,006
2029			187,710
2030			180,114
Thereafter			1,569,333
Total:		$	2,361,341

(1)

Aggregate base rents of $478,193 related to executed leases that have not yet commenced are excluded.