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Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Schedule of Rental Revenue, Disaggregated into Fixed and Variable Lease Income

The following table presents the components of rental revenue, disaggregated into fixed and variable lease income (in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2025				2024				2025				2024
Fixed lease revenue	$	80,558			$	70,073			$	243,631			$	208,096
Variable lease revenue		18,156				16,215				56,020				49,855
Total rental revenue	$	98,714			$	86,288			$	299,651			$	257,951

Schedule of Future Minimum Rental Revenues

The following table summarizes the Company’s scheduled future minimum rental revenues under non-cancelable tenant leases with remaining terms greater than one year, as of September 30, 2025. These amounts assume no new or renegotiated leases or exercise of renewal options not deemed reasonably certain (in thousands):

Year Ending December 31,		Minimum Rental Revenues
2025 (Remainder)		$	71,497
2026			300,258
2027			284,606
2028			252,945
2029			215,119
Thereafter			833,535
Total		$	1,957,960

Schedule of Future Minimum Rental Payments for Operating and Capital Leases

		Minimum Rental Payments
Year Ending December 31,		Operating Leases (a)				Finance Leases (a)
2025 (Remainder)		$	1,305			$	333
2026			5,637				1,350
2027			4,850				1,350
2028			4,646				1,396
2029			4,121				1,415
Thereafter			13,066				155,320
			33,625				161,164
Interest			(6,656	)			(129,233	)
Total		$	26,969			$	31,931

(a)Minimum rental payments include $6.7 million of interest related to operating leases and $129.2 million related to finance leases. These amounts exclude lease renewal options that are not reasonably certain to be exercised.

Schedule of Lease Cost

The following table summarizes additional lease cost information for the Company’s lessee arrangements (dollars in thousands):

	Three Months Ended September 30,								Nine Months Ended September 30,
	2025				2024				2025				2024
Lease Cost
Finance lease cost:
Amortization of right-of-use assets	$	374			$	361			$	1,121			$	964
Interest on lease liabilities		512				511				1,541				1,545
Subtotal		886				872				2,662				2,509
Operating lease cost		1,409				1,306				4,124				3,941
Variable lease cost		38				78				232				222
Total lease cost	$	2,333			$	2,256			$	7,018			$	6,672
Cash Paid
Payments of operating lease obligations - operating activities	$	1,365			$	1,329			$	4,097			$	4,044
Payments of interest on finance lease obligations - operating activities		516				505				1,541				1,539
Payments of finance lease obligations - financing activities		179				1,983				557				2,072

		As of September 30,
		2025				2024
Other Information
Weighted-average remaining lease term - finance leases (years)			56.4				56.9
Weighted-average remaining lease term - operating leases (years)			8.2				9.2
Weighted-average discount rate - finance leases			6.5	%			6.5	%
Weighted-average discount rate - operating leases			5.1	%			5.1	%

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Tabular disclosre of future minimum rental revenues.

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-12

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Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A

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