XML 24 R12.htm IDEA: XBRL DOCUMENT v3.25.3
Accounts Receivable, Net
 9 Months Ended
Sep. 30, 2025
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Accounts Receivable, Net Accounts Receivable
The following table summarizes the carrying amounts of accounts receivable as of September 30, 2025 and December 31, 2024 (in thousands):
September 30, 2025December 31, 2024
Receivable from tenants$1,634 $5,160 
Receivable from non-tenants (1)7,126 7,094 
Straight-line rent receivable83,531 72,335 
Total$92,291 $84,589 

(1) Receivable from non-tenants includes $5.6 million of a $5.9 million payment to the City of Kansas City, Missouri (the City) under protest related to an assessment of tax years ending December 31, 2018 through 2022. During the year ended December 31, 2024, the City denied the Company’s necessary deduction for dividends paid for each of these years and the Company made payment under protest to the City in an amount of approximately $5.9 million, which included the City’s assessment of additional tax, penalties and interest. Following its tender of the payment, the Company initiated legal action demanding a full refund. In November of 2024, the City agreed to an alternative methodology for apportionment of taxes beginning in 2024. In October of 2025, an agreement was reached regarding application of the same methodology for tax years prior to 2024. As a result, the Company has recognized $0.3 million of expense related to these prior periods and, accordingly, reduced the receivable related to the assessment to $5.6 million during the nine months ended September 30, 2025.