Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Composition of Operating Lease Revenue
The table below presents our composition of lease revenue recognized (in thousands):
For the Three Months Ended June 30, For the Six Months Ended June 30,
Lease Revenue 2026 2025 2026 2025
Fixed-lease revenue from operating leases $ 143,807  $ 136,256  $ 286,196  $ 267,867 
Variable-lease revenue 44,322  39,264  94,826  82,881 
Sales-type lease interest income 677  78  755  158 
$ 188,806  $ 175,598  $ 381,777  $ 350,906 
Schedule of Composition of Sales-Type Lease Revenue
The table below presents our composition of lease revenue recognized (in thousands):
For the Three Months Ended June 30, For the Six Months Ended June 30,
Lease Revenue 2026 2025 2026 2025
Fixed-lease revenue from operating leases $ 143,807  $ 136,256  $ 286,196  $ 267,867 
Variable-lease revenue 44,322  39,264  94,826  82,881 
Sales-type lease interest income 677  78  755  158 
$ 188,806  $ 175,598  $ 381,777  $ 350,906 
Schedule of Property Right-of-use Assets and Lease Liabilities Our property right-of-use assets and property lease liabilities on our consolidated balance sheets consisted of the following (in thousands):
Leases Balance Sheet Location June 30,
2026		 December 31,
2025
Right-of-use assets
Operating leases - Property Property - operating lease right-of-use assets $ 47,405  $ 50,383 
Finance leases - Property Prepaid expenses and other assets, net 6,041  5,373 
Total right-of-use assets $ 53,446  $ 55,756 
Lease liabilities
Operating leases - Property Property - operating lease liabilities $ 42,485  $ 45,012 
Finance leases - Property Other liabilities 1,070  363 
Total lease liabilities $ 43,555  $ 45,375 
Schedule of Property Lease Costs and Effect of Property Lease Payments on Consolidated Statements of Cash Flows The table below presents our total property lease cost (in thousands):
Statement of Operations Location For the Three Months Ended June 30, For the Six Months Ended June 30,
Lease Cost 2026 2025 2026 2025
Operating lease cost
Property leases - fixed Property operating expenses $ 2,276  $ 2,271  $ 4,552  $ 4,537 
Property leases - variable Property operating expenses 27  27  54  54 
Finance lease cost
Amortization of property right-of-use assets Property operating expenses 29  18  57  37 
Interest on lease liabilities Interest expense 8  9  16  18 
$ 2,340  $ 2,325  $ 4,679  $ 4,646 

The table below presents the effect of property lease payments on our consolidated statements of cash flows (in thousands):
For the Six Months Ended June 30,
Supplemental Cash Flow Information 2026 2025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases $ 4,101  $ 3,917 
Operating cash flows for finance leases $ 16  $ 18 
Financing cash flows for finance leases $ 16  $ 14 
Schedule of Payments Due on Property Operating Leases
Payments on property leases were due as follows (in thousands):
June 30, 2026
Year Ending December 31, Operating Leases Finance Leases
2026 (1)
 $ 4,118  $ 305 
2027 8,418  214 
2028 2,838  216 
2029 2,094  218 
2030 2,129  171 
Thereafter 151,870  153 
Total lease payments 171,467  1,277 
Less: Amount representing interest (128,982) (207)
Lease liability $ 42,485  $ 1,070 
(1)Represents the six months ending December 31, 2026.
Schedule of Payments Due on Property Finance Leases
Payments on property leases were due as follows (in thousands):
June 30, 2026
Year Ending December 31, Operating Leases Finance Leases
2026 (1)
 $ 4,118  $ 305 
2027 8,418  214 
2028 2,838  216 
2029 2,094  218 
2030 2,129  171 
Thereafter 151,870  153 
Total lease payments 171,467  1,277 
Less: Amount representing interest (128,982) (207)
Lease liability $ 42,485  $ 1,070 
(1)Represents the six months ending December 31, 2026.