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Leases (Tables) | 9 Months Ended
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Sep. 30, 2025
Schedule of Future Minimum Rental Receipts excluding Variable Payments and Tenant Reimbursements of Expenses Under Non-cancelable Operating Leases | Future minimum rental receipts, excluding variable payments, tenant reimbursements of expenses and rents related to tenants in default, under non-cancelable operating leases executed as of September 30, 2025 is approximately as follows (in thousands):
|  | September 30, 2025 |
Remainder of 2025 |  | $ | 3,900 |
2026 |  |  | 16,470 |
2027 |  |  | 16,594 |
2028 |  |  | 14,113 |
2029 |  |  | 13,052 |
2030 |  |  | 12,891 |
Thereafter |  |  | 52,440 |
Total |  | $ | 129,460 |
Components of Lease Revenues | The components of lease revenues for the three and nine months ended September 30, 2025 and 2024 were as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Fixed rental income |  | $ | 3,234 |  |  | $ | 1,558 |  |  | $ | 9,332 |  |  | $ | 10,366 |
Variable rental income |  |  | 1,183 |  |  |  | 1,365 |  |  |  | 4,278 |  |  |  | 2,668 |
Total rental income |  | $ | 4,417 |  |  | $ | 2,923 |  |  | $ | 13,610 |  |  | $ | 13,034 |
Information Related to Measurement of Lease Liabilities | The following table sets forth information related to the measurement of our lease liabilities as of September 30, 2025:
|  | September 30, 2025 |
Weighted-average remaining lease term (in years) |  |  | 48.3 |
Weighted-average discount rate |  |  | 7.52 | %
Cash paid for operating leases (in thousands) |  | $ | 749 |

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
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