v3.26.3
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2026
Summary of Significant Accounting Policies  
Schedule of Estimated Useful Lives of Real Estate Assets by Class The estimated useful lives of the Company’s real estate assets by class are generally as follows:

 

Building and Intangibles

 

Depreciation or
Amortization
Basis

 

Depreciation or
Amortization
Range (in years)

Building

 

Useful life of building

 

14-49

Building improvements

 

Useful life of improvements

 

4-40

Tenant improvement allowance

 

Shorter of useful life or life of lease

 

10-22

Lease costs

 

Life of lease

 

10-22

Legal and marketing costs

 

Life of lease

 

10-22

Above or below market lease value

 

Life of lease

 

10-22

Lease in place value

 

Life of lease

 

10-22
Schedule of Basic and Diluted EPS

The basic and diluted EPS for the three and nine months ended September 30, 2026 and 2025 are as follows:

 

 

Three Months Ended

 

 

September 30, 2026

 

 

September 30, 2025

 

 

Basic EPS

 

 

Diluted EPS

 

 

Basic EPS

 

 

Diluted EPS

 

Class A

 

$

0.10

 

 

$

0.10

 

 

$

0.14

 

 

$

0.14

 

Class F

 

$

0.06

 

 

$

0.06

 

 

$

0.11

 

 

$

0.11

 

Class I

 

$

0.03

 

 

$

0.03

 

 

$

0.09

 

 

$

0.09

 

Class E

 

$

0.19

 

 

$

0.18

 

 

$

0.21

 

 

$

0.21

 

 

 

Nine Months Ended

 

 

September 30, 2026

 

 

September 30, 2025

 

 

Basic EPS

 

 

Diluted EPS

 

 

Basic EPS

 

 

Diluted EPS

 

Class A

 

$

0.34

 

 

$

0.34

 

 

$

0.40

 

 

$

0.40

 

Class F

 

$

0.21

 

 

$

0.21

 

 

$

0.33

 

 

$

0.33

 

Class I

 

$

0.11

 

 

$

0.11

 

 

$

0.26

 

 

$

0.26

 

Class E

 

$

0.63

 

 

$

0.60

 

 

$

0.62

 

 

$

0.62