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Leases (Tables) | 3 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Schedule of Lease Income | The components of rental revenue from the Company’s operating leases during the periods indicated below were as follows (in thousands):
|  | Three Months Ended March 31, |  |
|  | 2026 |  | 2025 |  |  |  |
Fixed: |  |  |  |  |  |  |  |
Cash rental revenue |  | $ | 26,511 |  |  | $ | 23,642 |  |  |  |  |
Straight-line rental revenue |  | (1,830) |  |  | 3,631 |  |  |  |  |
Lease intangible amortization |  | 150 |  |  | 250 |  |  |  |  |
Fixed property operating cost reimbursements |  | 1,659 |  |  | 1,509 |  |  |  |  |
Other fixed rental revenue |  | 1,900 |  |  | 703 |  |  |  |  |
Total fixed |  | 28,390 |  |  | 29,735 |  |  |  |  |
Variable: |  |  |  |  |  |  |  |
Variable property operating cost reimbursements |  | 7,208 |  |  | 7,460 |  |  |  |  |
Other variable rental revenue |  | 536 |  |  | 602 |  |  |  |  |
Total variable |  | 7,744 |  |  | 8,062 |  |  |  |  |
Total rental revenue |  | $ | 36,134 |  |  | $ | 37,797 |  |  |  |  |
Schedule of Future Minimum Base Rent Payments | The following table presents future minimum base rent payments due to the Company under the terms of its operating lease agreements, excluding expense reimbursements, over the next five years and thereafter as of March 31, 2026 (in thousands).
|  | Future Minimum Base Rent Payments |  |
April 1, 2026 - December 31, 2026 |  | $ | 66,026 |  |  |
2027 |  | 82,565 |  |  |
2028 |  | 73,809 |  |  |
2029 |  | 58,591 |  |  |
2030 |  | 56,722 |  |  |
2031 |  | 52,473 |  |  |
Thereafter |  | 281,589 |  |  |
Total |  | $ | 671,775 |  |  |
Schedule of Maturity Analysis of Payments Due | The following table reflects the maturity analysis of payments due from the Company over the next five years and thereafter for ground and corporate office lease obligations as of March 31, 2026 (in thousands).
|  | Future Minimum Lease Payments
April 1, 2026 - December 31, 2026 |  | $ | 707 |
2027 |  | 1,355 |
2028 |  | 1,380 |
2029 |  | 1,108 |
2030 |  | 1,098 |
2031 |  | 833 |
Thereafter |  | 11,149 |
Total |  | 17,630 |
Less: imputed interest |  | 5,499 |
Total |  | $ | 12,131 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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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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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
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