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Real Estate
 9 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Real Estate

10. Real Estate

As part of its build-to-suit development initiatives, MBTS purchases certain land parcels. Contemporaneously with the land purchases, MBTS enters into commercial lease agreements, as a lessor, in respect to the land parcels and build-to-suit improvements to be constructed thereon. The leases commence upon substantial completion of the build-to-suit developments. The Company intends to sell the land and improvements with the attached leases at, or subsequent to, the respective lease commencement date.

In December 2024, a development was completed and the lease commenced. Upon completion, the Company began to depreciate the asset over its expected useful life of 39 years. In September 2025, the Company completed the sale of this property for consideration totaling $7.0 million. During the nine months ended March 31, 2026, the Company recognized depreciation expense totaling approximately $28 thousand in connection with the asset. There was $0.1 million of lease income relating to lease payments for the nine months ended March 31, 2026.

During the three and nine months ended March 31, 2026, the Company capitalized costs of $1.1 million and $4.6 million, respectively, within real estate assets, net on its condensed consolidated balance sheet, representing the development and construction costs directly identifiable with the real estate projects. During the three and nine months ended March 31, 2025, the Company capitalized costs of $1.5 million and $2.8 million, respectively.