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Leases - The Company as a Lessor (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Historical Cost and Accumulated Depreciation of Leased Property
The historical cost of, and accumulated depreciation on, leased property as of December 31, 2025 and 2024, was as follows (in thousands):
20252024
Leased property - real estate$1,673,837 $1,638,098 
Less: accumulated depreciation(285,456)(255,483)
Property under operating leases - net1
$1,388,381 $1,382,615 
1Property under operating leases as of December 31, 2025 includes leased property included in assets held for sale.
Schedule of Total Rental Income Under Operating Leases Total rental income (i.e., revenue) under these operating leases and sales-type leases, including revenues deemed uncollectible, net and provision for credit losses on sales-type leases, were as follows (in thousands):
202520242023
Operating leases:
Lease payments$138,075 $135,666 $134,323 
Variable lease payments65,634 63,376 60,836 
Revenues deemed uncollectible, net(1,470)(1,316)(552)
Total rental income from operating leases$202,239 $197,726 $194,607 
Sales-type leases:
Interest income$925 $— $— 
Provision for credit losses on sales-type leases(45)— — 
Total rental income from sales-type leases
$880 $— $— 
Schedule of Total Rental Income Under Sales-type Leases Total rental income (i.e., revenue) under these operating leases and sales-type leases, including revenues deemed uncollectible, net and provision for credit losses on sales-type leases, were as follows (in thousands):
202520242023
Operating leases:
Lease payments$138,075 $135,666 $134,323 
Variable lease payments65,634 63,376 60,836 
Revenues deemed uncollectible, net(1,470)(1,316)(552)
Total rental income from operating leases$202,239 $197,726 $194,607 
Sales-type leases:
Interest income$925 $— $— 
Provision for credit losses on sales-type leases(45)— — 
Total rental income from sales-type leases
$880 $— $— 
Schedule of Future Minimum Rentals on Non-cancelable Operating Leases
Contractual future lease payments to be received on non-cancelable operating and interest income recognized on sales-type leases as of December 31, 2025, were as follows (in thousands):
OperatingSales-Type
2026$136,304 $112 
2027128,546 417 
2028111,532 725 
202993,375 743 
203078,680 762 
Thereafter551,973 141,291 
Total future lease payments and interest income recognized on sales-type leases to be received
$1,100,410 $144,050 
Less: imputed interest(133,863)
Total present value of lease payments$10,187 
Unguaranteed residual assets13,771 
Total investment in sales-type leases$23,958 
Schedule of Future Minimum Rentals on Non-cancelable Sales-Type Leases
Contractual future lease payments to be received on non-cancelable operating and interest income recognized on sales-type leases as of December 31, 2025, were as follows (in thousands):
OperatingSales-Type
2026$136,304 $112 
2027128,546 417 
2028111,532 725 
202993,375 743 
203078,680 762 
Thereafter551,973 141,291 
Total future lease payments and interest income recognized on sales-type leases to be received
$1,100,410 $144,050 
Less: imputed interest(133,863)
Total present value of lease payments$10,187 
Unguaranteed residual assets13,771 
Total investment in sales-type leases$23,958