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Supplemental Detail for Certain Components of Consolidated Balance Sheets (Tables)

6 Months Ended

Jun. 30, 2026


A.	Accounts receivable, net, consist of the following at:	June 30, 2026	December 31, 2025
	Straight-line rent receivables, net	$958,829	$880,341
	Client receivables, net	176,158	173,146
		$1,134,987	$1,053,487

The following table presents information about our loans as of June 30, 2026 and December 31, 2025 (dollars in

millions):


	June 30, 2026
Loan Type	Principal Balance	Total Carrying Value (1)	Future Funding Commitments (2)	Weighted Average Term (Years) (3)	Weighted Average Interest Rate (4)
Secured Loans (5)	$1,629.6	$1,583.6	$190.9	4.11	8.4%
Construction Loans	127.3	128.4	136.8	1.52	8.2
Mortgage Loans	341.6	342.1	24.3	4.18	7.4
Unsecured and Mezzanine Loans (6)	1,261.0	1,243.5	23.4	3.22	9.1
Total	$3,359.5	$3,297.6	$375.4	3.69	8.6%

	December 31, 2025
Loan Type	Principal Balance	Total Carrying Value (1)	Future Funding Commitments (2)	Weighted Average Term (Years) (3)	Weighted Average Interest Rate (4)
Secured Loans	$1,250.4	$1,214.1	$—	4.6	8.8%
Mortgage Loans	256.2	256.2	34.0	5.1	7.6
Unsecured and Mezzanine Loans	214.7	211.8	—	2.9	10.3
Total	$1,721.3	$1,682.1	$34.0	4.5	8.8%

(1)Total carrying value includes unamortized loan origination costs and allowances for credit losses. Total carrying amount excludes interest

receivable of $38.8 million and $27.8 million as of June 30, 2026 and December 31, 2025, respectively, which is presented in 'Other assets,

net' on our consolidated balance sheets.

(2)Our future funding commitments are subject to our borrowers’ compliance with the financial covenants and other applicable provisions of

each respective loan agreement.

(3)Based on original contractual maturity date assuming no extension options are exercised.

(4)The weighted average interest rate is based on outstanding principal balances and interest rates in place as of June 30, 2026 and December

31, 2025.

(5)Represents loans that have senior ranking security interests in certain assets pledged by borrowers, including material bank accounts,

receivables, real property, or equity securities, or a combination of such assets.

(6)Our investments in unsecured and mezzanine loans represent loans whose proceeds are being used by borrowers to fund data center and

industrial investments.

The following table summarizes the activity within loans receivable, net for the three and six months ended June 30,

2026 (in millions):


Loans receivable, net as of March 31, 2026		$2,672.2
Principal fundings		628.7
Interest drawn on loans		4.6
Accretion of original issue cost		0.5
Change in allowance for credit losses		(8.0)
Foreign currency remeasurement		(0.4)
Loans receivable, net as of June 30, 2026		$3,297.6


Loans receivable, net as of December 31, 2025		$1,682.1
Principal fundings		1,660.2
Interest drawn on loans		8.6
Accretion of original issue cost		0.9
Change in allowance for credit losses		(26.7)
Foreign currency remeasurement		(27.5)
Loans receivable, net as of June 30, 2026		$3,297.6

The following table presents information about our investments in sales type and direct financing leases and sale-

leaseback transactions accounted for as financing receivables in accordance with ASC 842, Leases, as of June 30,

2026 and December 31, 2025 (dollars in millions):


		Carrying Value as of
	Maturity	June 30, 2026	December 31, 2025
Sale-leaseback transactions accounted for as financing receivables (1)	2027 - 2050	$1,577.0	$1,574.6
Net investment in sales type and direct financing leases	2027 - 2059	14.3	14.3
Total		$1,591.3	$1,588.9

(1)Amounts represent the portion of the purchase price allocated to above-market lease terms in sale-leaseback transactions, representing an

off-market adjustment, net of repayments. For further information, see note 1, Summary of Significant Accounting Policies.


B.	Lease intangible assets, net, consist of the following at:	June 30, 2026	December 31, 2025
	In-place leases	$7,889,806	$7,627,840
	Above-market leases	2,298,562	2,251,857
	Accumulated amortization of in-place leases	(3,539,369)	(3,220,426)
	Accumulated amortization of above-market leases	(1,034,398)	(944,198)
	Other items	2,105	2,168
		$5,616,706	$5,717,241


C.	Other assets, net, consist of the following at:	June 30, 2026	December 31, 2025
	Investment in preferred equity	$807,526	$800,472
	Right of use asset - financing leases, net	786,327	827,644
	Right of use asset - operating leases, net	578,487	592,319
	Value-added tax receivable	112,181	75,005
	Prepaid expenses	111,314	76,207
	Derivative assets and receivables - at fair value	70,436	8,018
	Restricted escrow deposits	58,594	83,200
	Interest receivable	43,452	33,805
	Revolving credit facilities origination costs, net	19,555	25,246
	Corporate assets, net	17,667	15,159
	Impounds related to mortgages payable	4,120	2,714
	Non-refundable escrow deposits	3,621	3,150
	Other items	88,769	81,759
		$2,702,049	$2,624,698


D.	Accounts payable and accrued expenses consist of the following at:	June 30, 2026	December 31, 2025
	Notes payable - interest payable	$376,449	$303,557
	Derivative liabilities and payables - at fair value	160,413	205,695
	Accrued income taxes	95,516	120,228
	Value-added tax payable	94,997	76,009
	Property taxes payable	89,442	92,246
	Accrued property expenses	69,394	69,258
	Accrued costs on properties under development	53,454	36,064
	Mortgages, term loans, and credit line - interest payable	2,677	2,699
	Other items	176,790	155,213
		$1,119,132	$1,060,969


E.	Lease intangible liabilities, net, consist of the following at:	June 30, 2026	December 31, 2025
	Below-market leases	$2,166,145	$2,135,262
	Accumulated amortization of below-market leases	(709,074)	(641,304)
		$1,457,071	$1,493,958


F.	Other liabilities consist of the following at:	June 30, 2026	December 31, 2025
	Rent received in advance and other deferred revenue	$416,234	$460,968
	Lease liability - operating leases	414,231	429,675
	Lease liability - financing leases	114,306	121,434
	Security deposits	39,415	39,036
	Other items	36,104	15,696
		$1,020,290	$1,066,809