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Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Summary of Disaggregation of Lease Income

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 based on the criteria specified in ASC 842, for the three and nine months ended September 30, 2025 and 2024, was as follows (in thousands):

 

 

Three Months

 

 

Nine Months

 

 

 

Ended September 30,

 

 

Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Rental income:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed lease income(A)

 

$

17,869

 

 

$

42,711

 

 

$

63,165

 

 

$

170,393

 

Variable lease income(B)

 

 

6,058

 

 

 

16,114

 

 

 

22,448

 

 

 

64,448

 

Above-market and below-market leases amortization, net

 

 

123

 

 

 

488

 

 

 

429

 

 

 

1,270

 

Adjustments for potentially uncollectible revenues and disputed amounts(C)

 

 

153

 

 

 

128

 

 

 

273

 

 

 

592

 

Total rental income

 

$

24,203

 

 

$

59,441

 

 

$

86,315

 

 

$

236,703

 

(A) Includes minimum base rents, expense reimbursements, ancillary income and straight-line rent adjustments.

(B) Includes expense reimbursements, percentage and overage rent, lease termination fee income and ancillary income.

(C) The amounts represent adjustments associated with potential uncollectible revenues and disputed amounts.