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Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases
4.
Leases

The disaggregation of the Company’s lease income, which is included in rental income on the Company’s consolidated statements of operations, as either fixed or variable lease income, for the three and six months ended June 30, 2026 and 2025, was as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Rental income:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed lease income(A)

 

$

45,570

 

 

$

29,908

 

 

$

87,321

 

 

$

57,424

 

Variable lease income(B)

 

 

16,292

 

 

 

10,382

 

 

 

30,953

 

 

 

20,593

 

Above-market and below-market leases amortization, net

 

 

1,586

 

 

 

1,029

 

 

 

3,263

 

 

 

1,959

 

Uncollectible revenue

 

 

(371

)

 

 

(215

)

 

 

(789

)

 

 

(434

)

Total rental income

 

$

63,077

 

 

$

41,104

 

 

$

120,748

 

 

$

79,542

 

 

(A)
Includes minimum base rents, fixed expense reimbursements, ancillary income and straight-line rent adjustments.
(B)
Includes expense reimbursements, overage rent, lease termination fee income and ancillary income.