v3.26.1
Note 8 - Leases - Lessee (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Lease, Cost [Table Text Block]
  

Three months ended

  

Six months ended

 
  

June 30, 2026

  

June 30, 2025

  

June 30, 2026

  

June 30, 2025

 

Ground lease expenses

 $3,857  $3,568  $7,810  $6,472 

Fuel expenses

  135   173   268   337 

General and administrative expenses

  44   28   89   56 

Total operating lease expense

 $4,036  $3,769  $8,167  $6,865 
Supplemental Information of Leases [Table Text Block]
  

Six months ended

 
  

June 30,

  

June 30,

 
  

2026

  

2025

 

Cash paid for amounts included in measurement of lease liabilities:

        

Operating cash flows from operating leases

 $3,315  $3,219 

Operating cash flows from finance leases

  4   1 

Financing cash flows from finance leases

  29   11 

Weighted Average Remaining Lease Term (in years)

 

June 30, 2026

  

December 31, 2025

 

Operating leases

        

Ground leases - Unimproved at commencement

  51.5   52.5 

Ground leases - Existing improvements

  29.5   30.1 

Equipment leases

  7.7   7.8 

Office leases

  -   0.1 

All operating leases

  44.6   44.9 

Finance leases

  2.1   2.5 
         

Weighted Average Discount Rate

        

Operating leases

        

Ground leases - Unimproved at commencement

  5.84%  5.79%

Ground leases - Existing improvements

  5.17%  5.18%

Equipment leases

  5.51%  5.51%

Office leases

  -   4.82%

All operating leases

  5.73%  5.68%

Finance leases

  6.90%  6.75%
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Year Ending December 31,

 

Operating Leases

  

Finance Leases

 

2026 (remainder of year)

 $3,385  $26 

2027

  8,573   45 

2028

  10,402   32 

2029

  11,146   - 

2030

  11,250   - 

Thereafter

  651,217   - 

Total lease payments

  695,973   103 

Less imputed interest

  (498,019)  (7)

Total

 $197,954  $96