Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Schedule of future base cash rental payments

The following table reflects the base cash rental payments due from the Company as of September 30, 2025:

(In thousands)	Future Base Rent Payments (1)
2025 Remainder	842
2026	3,463
2027	3,534
2028	3,548
2029	3,556
Thereafter	56,487
Total minimum lease payments (2)	71,430
Less: Effects of discounting	(29,600)
Total present value of lease payments	$	41,830

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(1)Assumes exchange rates of £1.00 to $1.34 for GBP and €1.00 to $1.17 for EUR as of September 30, 2025 for illustrative purposes, as applicable.

(2)Ground lease rental payments due for the Company’s ING Amsterdam lease are not included in the table above as the Company’s ground rent for this property is prepaid through 2050.