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Leases
6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases

Note 4 – Leases

The components of rental revenues for the three and six months ended June 30, 2024 and 2023 are as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

 

2023

 

Fixed lease payments

 

$

97,833

 

 

$

104,391

 

 

$

196,137

 

 

 

$

203,372

 

Variable lease payments

 

 

26,238

 

 

 

20,451

 

 

 

51,961

 

 

 

 

51,794

 

Total rental revenues

 

$

124,071

 

 

$

124,842

 

 

$

248,098

 

 

 

$

255,166

 

The undiscounted future fixed lease payments to be received under the Company's operating leases as of June 30, 2024, are as follows:

Years Ending December 31,

 

Operating Leases

 

2024 (1)

 

$

199,753

 

2025

 

 

337,271

 

2026

 

 

258,598

 

2027

 

 

197,304

 

2028

 

 

144,582

 

2029

 

 

96,436

 

Thereafter

 

 

242,828

 

Total undiscounted lease payments

 

$

1,476,772

 

(1)
Reflects rental payments for the period July 1, 2024 to December 31, 2024.