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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases  
Schedule of components of leasing revenue

Three Months Ended March 31, 

2025

2024

Leasing revenue

Lease payments

$

13,671

$

12,053

Variable lease payments

2,571

2,289

Total leasing revenue

$

16,242

$

14,342

Schedule of minimum future base rental revenue

2025

$

25,725

2026

 

18,988

2027

 

16,222

2028

 

12,860

2029

9,843

Thereafter

38,882

$

122,520

Schedule of lease cost

Three Months Ended March 31, 

2025

2024

Lease cost

Finance lease cost:

Amortization of right-of-use assets

$

50

$

41

Interest on lease liability

 

8

 

5

Operating lease cost

 

552

 

197

Variable and short-term lease cost

 

268

 

243

Total lease cost

$

878

$

486

Other information

Weighted-average remaining lease term - finance lease (in years)

2.3

2.8

Weighted-average remaining lease term - operating leases (in years)

2.6

2.2

Weighted-average discount rate - finance lease

5.5

%

5.3

%

Weighted-average discount rate - operating leases

5.0

%

5.0

%

Schedule of aggregate payments of finance lease liability

The aggregate payments of finance and operating lease liabilities subsequent to March 31, 2025, for the years ending December 31 are:

Finance Leases

Operating Leases

2025

$

183

$

1,638

2026

 

224

 

2,098

2027

 

201

 

69

2028

 

81

 

58

2029

11

55

Thereafter

276

Total

700

4,194

Less imputed interest

(62)

(287)

Total lease liabilities

$

638

$

3,907

Schedule of aggregate payments of operating lease liabilities

Three Months Ended March 31, 

2025

2024

Lease cost

Finance lease cost:

Amortization of right-of-use assets

$

50

$

41

Interest on lease liability

 

8

 

5

Operating lease cost

 

552

 

197

Variable and short-term lease cost

 

268

 

243

Total lease cost

$

878

$

486

Other information

Weighted-average remaining lease term - finance lease (in years)

2.3

2.8

Weighted-average remaining lease term - operating leases (in years)

2.6

2.2

Weighted-average discount rate - finance lease

5.5

%

5.3

%

Weighted-average discount rate - operating leases

5.0

%

5.0

%

The aggregate payments of finance and operating lease liabilities subsequent to March 31, 2025, for the years ending December 31 are:

Finance Leases

Operating Leases

2025

$

183

$

1,638

2026

 

224

 

2,098

2027

 

201

 

69

2028

 

81

 

58

2029

11

55

Thereafter

276

Total

700

4,194

Less imputed interest

(62)

(287)

Total lease liabilities

$

638

$

3,907