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Leases
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases

Note 4 – Leases

The components of rental revenues for the three months ended March 31, 2025 and 2024 are as follows:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

 

2024

 

Fixed lease payments

 

$

117,521

 

 

 

$

98,304

 

Variable lease payments

 

 

19,839

 

 

 

 

25,723

 

Total rental revenues

 

$

137,360

 

 

 

$

124,027

 

 

The undiscounted future fixed lease payments to be received under the Company's operating leases as of March 31, 2025, are as follows:

Years Ending December 31,

 

 

 

2025 (1)

 

$

313,559

 

2026

 

 

334,461

 

2027

 

 

257,277

 

2028

 

 

189,257

 

2029

 

 

133,653

 

2030

 

 

83,837

 

Thereafter

 

 

245,722

 

Total undiscounted lease payments

 

$

1,557,766

 
(1)
Reflects rental payments for the period April 1, 2025 to December 31, 2025.