Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Revenues
Rental revenue	$ 82,358	$ 55,746
Income from investments in leases - Financing receivables	14,567	10,307
Total revenues	96,925	66,053
Expenses
Rental property operating	7,148	7,193
General and administrative	7,332	1,438
Impairment charges	22,734	0
Management fee	27,907	16,216
Performance participation allocation	30,457	12,565
Depreciation and amortization	35,259	25,837
Total expenses	130,837	63,249
Other income (expense)
Income from unconsolidated real estate affiliates	204,851	109,387
Interest income	48,782	20,180
Interest expense	(38,138)	(20,174)
Gain (loss) on dispositions of real estate	724	(2,180)
Other expense, net	(11,105)	(843)
Total other income, net	205,114	106,370
Net income before income taxes	171,202	109,174
Income tax expense	1,546	279
Net income	169,656	108,895
Net income attributable to non-controlling interests	(7,824)	(6,527)
Net income attributable to ORENT shareholders	$ 161,832	$ 102,368
Net income per common share– basic (in USD per share)	$ 0.21	$ 0.22
Net income per common share – diluted (in USD per share)	$ 0.21	$ 0.22
Weighted-average common shares outstanding - basic (in shares)	772,689,856	474,322,703
Weighted-average common shares outstanding - diluted (in shares)	810,876,144	505,312,478