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Leases (Tables)
 12 Months Ended
Dec. 31, 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, and tenant reimbursements of expenses, and rents related to tenants in default, under non-cancelable operating leases executed as of December 31, 2025 is approximately as follows (in thousands):

 

 

 

December 31, 2025

 

2026

 

$

5,106

 

2027

 

 

4,968

 

2028

 

 

2,213

 

2029

 

 

432

 

2030

 

 

431

 

Thereafter

 

 

1,414

 

Total

 

$

14,564

 
Components of Lease Revenues

The components of lease revenues for the years ended December 31, 2025, and 2024 were as follows (in thousands):

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Fixed rental income

 

$

11,888

 

 

$

14,493

 

Variable rental income

 

 

5,395

 

 

 

3,464

 

Total rental income

 

$

17,283

 

 

$

17,957

 
Information Related to Measurement of Lease Liabilities

The following table sets forth information related to the measurement of our lease liabilities as of December 31, 2025:

 

 

December 31, 2025

 

Weighted-average remaining lease term (in years)

 

 

48.0

 

Weighted-average discount rate

 

 

7.52

%

Cash paid for operating leases (in thousands)

 

$

817