Leases (Tables)

6 Months Ended

Jun. 30, 2025

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, tenant reimbursements of expenses and rents related to tenants in default, under non-cancelable operating leases executed as of June 30, 2025 is approximately as follows (in thousands):

	June 30, 2025
Remainder of 2025	$	7,262
2026		16,249
2027		16,449
2028		13,966
2029		12,903
2030		12,756
Thereafter		50,978
Total	$	130,563

Components of Lease Revenues

The components of lease revenues for the three and six months ended June 30, 2025 and 2024 were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Fixed rental income	$	2,848	$	3,971	$	6,098	$	8,808
Variable rental income		1,636		361		3,095		1,303
Total rental income	$	4,484	$	4,332	$	9,193	$	10,111

Information Related to Measurement of Lease Liabilities

The following table sets forth information related to the measurement of our lease liabilities as of June 30, 2025:

	June 30, 2025
Weighted-average remaining lease term (in years)		39.1
Weighted-average discount rate		7.57	%
Cash paid for operating leases (in thousands)	$	595