v3.26.3
LEASE REVENUE
9 Months Ended
Sep. 30, 2026
Operating Lease, Lease Income [Abstract]  
Operating Lease, Lease Income [Text Block] LEASE REVENUE
The Company’s primary source of revenue is rental income from business distribution space. The table below presents the components of Income from real estate operations for the three and nine months ended September 30, 2026 and 2025:
Three Months Ended
September 30,
Nine Months Ended September 30,
2026202520262025
(In thousands)
Lease income — Operating leases$151,547 137,713 442,526 401,506 
Variable lease income (1)
47,853 44,376 140,400 130,483 
Income from real estate operations$199,400 182,089 582,926 531,989 

(1)Primarily includes tenant reimbursements for real estate taxes, insurance and common area maintenance.