v3.26.3
Subsequent Events
9 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In addition to the subsequent events discussed elsewhere in the notes to the unaudited Consolidated Financial Statements, the following events occurred subsequent to September 30, 2026:
The Company's Board of Directors approved, and on November 2, 2026, the Company declared a third quarter 2026 common stock dividend of $0.245 per share, which is payable on November 27, 2026 to stockholders of record as of November 13, 2026.
As of November 3, 2026, the Company had $18.0 million drawn on the Revolving Credit Facility.
As of November 3, 2026, and during the period subsequent to September 30, 2026, the Company entered into a $20.0 million forward interest rate swap agreement to fix a portion of the variable-rate component of an unsecured term loan expected to close in 2027.
As of November 3, 2026, and during the period subsequent to September 30, 2026, the Company acquired 28 leased properties for approximately $11.1 million, excluding closing costs.

As of November 3, 2026, and during the period subsequent to September 30, 2026, the Company sold 236,370 shares of its Class A common stock. Of such amount, 220,335 shares were sold pursuant to forward sales agreements, none of which have been settled to date.

As of November 3, 2026, and during the period subsequent to September 30, 2026, the Company had entered into definitive agreements to acquire 12 properties for approximately $4.0 million. However, the Company can provide no assurances that the acquisitions of these properties will be consummated on the terms and timing the Company expects, or at all.

Subsequent to September 30, 2026, as a result of a tenant exercising a purchase option, the property met the criteria for classification as held for sale. The Company expects to sell the property during the second quarter of 2027 for $0.8 million. Upon the decision to sell the property, the Company expects to record an impairment charge of $0.2 million.