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Lease Incentives (Tables)
6 Months Ended
Jun. 30, 2025
Lease Incentives  
Summary of non-contingent lease incentive activity

Our non-contingent lease incentive balances at June 30, 2025 and December 31, 2024 were $2,893,000 and $3,522,000, respectively. The following table summarizes our lease incentives activity for the six months ended June 30, 2025 and 2024 (in thousands):

Six Months Ended June 30,

2025

2024

Lease incentives funded

$

$

1,594

Amortization of lease incentives

(380)

(438)

Adjustment for collectability of lease incentives

(249)

(1)

Other adjustments

(190)

(2)

Net (decrease) increase in non-contingent lease incentives

$

(629)

$

966

(1)Represents uncollectible lease incentive balances written-off due to the termination of two existing leases with the same operator, and combining them into a single master lease.

(2)Represents lease incentive balances written-off due to property sales.