v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Composition of Lease Revenue Recognized Between Fixed and Variable Components

The table below sets forth our composition of lease revenue recognized between fixed and variable components (amounts in thousands):

 

 

 

For the three months ended March 31,

 

 

 

2026

 

 

2025

 

Fixed

 

$

82,818

 

 

$

70,773

 

Variable

 

 

5,775

 

 

 

4,773

 

Rental income

 

 

88,593

 

 

 

75,546

 

Schedule of Quantitative Information for Our Operating Leases

The following table provides quantitative information for our commenced operating leases for the three months ended March 31, 2026 (amounts in thousands):

 

 

For the three months ended March 31,

 

 

 

2026

 

 

2025

 

Cash flows from operating lease costs

 

$

224

 

 

$

197

 

 

Schedule of Maturity of Fixed Lease Payments Under Our Corporate Office Leases

In addition, the maturity of fixed lease payments under our commenced corporate office leases as of March 31, 2026 is summarized in the table below (amounts in thousands):

Corporate office leases

 

Payments due by period

 

2026 (1)

 

 

591

 

2027

 

 

671

 

2028

 

 

1,081

 

2029

 

 

1,046

 

2030

 

 

731

 

Thereafter

 

 

1,212

 

Total future minimum lease payments

 

$

5,332

 

Imputed interest

 

 

(718

)

Total

 

$

4,614

 

(1)
Represents the nine months ending December 31, 2026.