INCOME PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2024

ASSETS HELD FOR SALE

Schedule of components of leasing revenue

The components of leasing revenue are as follows (in thousands):

	Year Ended December 31,
	2024		2023		2022
Leasing Revenue
Lease Payments	$	83,302	$	74,721	$	54,083
Variable Lease Payments		27,289		21,942		14,774
Total Leasing Revenue	$	110,591	$	96,663	$	68,857

Schedule of minimum future base rental revenue on non-cancelable leases

Minimum future base rental revenue on non-cancelable leases subsequent to December 31, 2024, for the next five years ended December 31 are summarized as follows (in thousands). Certain of our tenant leases include tenant renewal options which could be exercised at the tenant’s election and are not included in the amounts in the table below.

Year Ending December 31,	Amounts
2025	$	88,408
2026		80,713
2027		69,082
2028		56,383
2029		42,413
2030 and Thereafter (Cumulative)		115,906
Total	$	452,905