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Leases
3 Months Ended
Mar. 31, 2024
Leases [Abstract]  
Leases

Note 4 – Leases

The components of rental revenues for the three months ended March 31, 2024 and 2023 are as follows:

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Fixed lease payments

 

$

98,304

 

 

$

98,981

 

Variable lease payments

 

 

25,723

 

 

 

31,343

 

Total rental revenues

 

$

124,027

 

 

$

130,324

 

The undiscounted future fixed lease payments to be received under the Company's operating leases as of March 31, 2024, are as follows:

Years Ending December 31,

 

Operating Leases

 

2024 (1)

 

$

292,113

 

2025

 

 

319,843

 

2026

 

 

244,269

 

2027

 

 

183,412

 

2028

 

 

131,356

 

2029

 

 

84,780

 

Thereafter

 

 

211,472

 

Total undiscounted lease payments

 

$

1,467,245

 

(1)
Reflects rental payments for the period April 1, 2024 to December 31, 2024.