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Leases (Tables)
 3 Months Ended
Mar. 31, 2026
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 March 31, 2026 is approximately as follows (in thousands):

 

 

 

March 31, 2026

 

Remainder of 2026

 

$

3,802

 

2027

 

 

4,968

 

2028

 

 

2,213

 

2029

 

 

432

 

2030

 

 

431

 

2031

 

 

414

 

Thereafter

 

 

1,000

 

Total

 

$

13,260

 
Components of Lease Revenues

The components of rental revenues for the three months ended March 31, 2026 and 2025 were as follows (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2026

 

 

2025

 

Fixed rental revenues

 

$

1,554

 

 

$

3,250

 

Variable rental revenues

 

 

341

 

 

 

1,459

 

Total rental revenues

 

$

1,895

 

 

$

4,709

 

 
Information Related to Measurement of Lease Liabilities

The following table sets forth information related to the measurement of our lease liabilities as of March 31, 2026:

 

 

March 31, 2026

 

Weighted-average remaining lease term (in years)

 

 

47.8

 

Weighted-average discount rate

 

 

7.52

%

Cash paid for operating leases (in thousands)

 

$

68