Schedule of Future Minimum Rental Revenues

The scheduled future minimum rental revenues from rental properties under the terms of non-cancelable tenant leases greater than one year (assuming no new or renegotiated leases or option extensions for such premises) as of March 31, 2025, are summarized as follows (in thousands):



Year Ending December 31,	Minimum Rental Revenues (a)
2025 (Remainder)	$	204,066
2026		271,626
2027		246,866
2028		214,446
2029		176,542
Thereafter		631,125
Total	$	1,744,671

Amount represents contractual lease maturities as of March 31, 2025 including any extension options that management determined were reasonably certain of exercise.

Schedule of Lease Cost

Additional disclosures regarding the Company’s leases as lessee are as follows (dollars in thousands):


	Three Months Ended March 31,
	2025			2024
Lease Cost
Finance lease cost:
Amortization of right-of-use assets	$	374		$	249
Interest on lease liabilities		512			522
Subtotal		886			771
Operating lease cost		1,306			1,331
Variable lease cost		89			75
Total lease cost	$	2,281		$	2,177

Cash Paid
Payments of operating lease obligations - operating activities	$	1,366		$	1,355
Payments of interest on finance lease obligations - operating activities		512			522
Payments of finance lease obligations - financing activities		246			42

	As of March 31,
	2025			2024
Other Information
Weighted-average remaining lease term - finance leases (years)		56.6			58.2
Weighted-average remaining lease term - operating leases (years)		8.4			9.5
Weighted-average discount rate - finance leases		6.5	%		6.5	%
Weighted-average discount rate - operating leases		5.1	%		5.1	%

During the three months ended March 31, 2025, the Company entered into a new corporate office lease and recorded a right-of-use assets - operating lease and corresponding lease liability - operating lease of $2.1 million.