Subsequent Events

9 Months Ended

Sep. 30, 2025

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In addition to the subsequent events discussed elsewhere in the notes to the unaudited Consolidated Financial Statements, the following events occurred subsequent to September 30, 2025:

The Company's Board of Directors approved, and on October 21, 2025, the Company declared a third quarter 2025 common stock dividend of $0.2425 per share, which is payable on November 28, 2025 to stockholders of record as of November 4, 2025.

As of November 4, 2025, the Company had $28.0 million drawn on the Revolving Credit Facility.

As of November 4, 2025 and during the period subsequent to September 30, 2025, the Company acquired 19 leased properties for approximately $7.2 million, excluding closing costs.

As of November 4, 2025 and during the period subsequent to September 30, 2025, the Company issued 143,221 shares of its Class A common stock under the ATM Program for gross proceeds of approximately $2.2 million.

As of November 4, 2025 and during the period subsequent to September 30, 2025, the Company had entered into definitive agreements to acquire 13 properties for approximately $6.7 million. However, the Company can provide no assurances that the acquisitions of these properties will be consummated on the terms and timing the Company expects, or at all.