Note 12—Subsequent Events

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We have evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the day the financial statements were issued.

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Dividends

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On October 27, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.09 per share of common stock and Common unit payable on January 15, 2027 to stockholders and unitholders of record as of January 4, 2027.

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Litigation

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In October 2026, the Texas Court of Appeals issued an order reversing the trial court’s dismissal of the Company’s claims against First Sabrepoint Capital Management, LP and related defendants (“Sabrepoint”), with the court holding that the Company may pursue the majority of its claims against Sabrepoint.

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Also in October 2026, a Louisiana appellate court affirmed the lower court’s order awarding a group of former tenants’ alleged gross revenues as damages in a breach of contract claim.

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Please refer to Note 8 of our Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2026, when filed, for more information.

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Borrowings on Credit Facilities

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Subsequent to September 30, 2026, the Company made borrowings of $2.5 million against the Company’s lines of credit.

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