v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Schedule of Future Minimum Rental Receipts excluding Variable Payments and Tenant Reimbursements of Expenses Under Non-cancelable Operating Leases

Future minimum rental receipts, excluding variable payments and tenant reimbursements of expenses, and rents related to tenants in default, under non-cancelable operating leases executed as of June 30, 2026 is approximately as follows (in thousands):

 

 

 

June 30, 2026

 

Remainder of 2026

 

$

2,498

 

2027

 

 

4,934

 

2028

 

 

2,178

 

2029

 

 

397

 

2030

 

 

414

 

2031

 

 

414

 

Thereafter

 

 

1,000

 

Total

 

$

11,835

 

Components of Lease Revenues

The components of rental revenues for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Fixed rental revenues

 

$

1,459

 

 

$

2,848

 

 

$

3,013

 

 

$

6,098

 

Variable rental revenues

 

 

292

 

 

 

1,636

 

 

 

632

 

 

 

3,095

 

Total rental revenues

 

$

1,751

 

 

$

4,484

 

 

$

3,645

 

 

$

9,193

 

Information Related to Measurement of Lease Liabilities

The following table sets forth information related to the measurement of our lease liabilities as of June 30, 2026:

 

 

June 30, 2026

 

Weighted-average remaining lease term (in years)

 

 

47.5

 

Weighted-average discount rate

 

 

7.52

%

Cash paid for operating leases (in thousands)

 

$

135