Annual report [Section 13 and 15(d), not S-K Item 405]

Real Estate Dispositions, Held for Sale, and Impairment Charges (Tables)

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Real Estate Dispositions, Held for Sale, and Impairment Charges (Tables)
 12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Schedule of Properties Disposed During the year ended December 31, 2025, we sold two properties, located in Hickory, North Carolina and Oklahoma City, Oklahoma, which is summarized in the table below (dollars in thousands):
Aggregate Square Footage Sold Aggregate Sales Price Aggregate Sales Costs Aggregate Impairment Charge for the Twelve Months Ended December 31, 2025 Aggregate Gain on Sale of Real Estate, net
116,000  $ 8,025  $ 487  $ 9  $ 367 
Schedule of Components of Operating Income from Real Estate and Related Assets Disposed
The table below summarizes the components of operating income from the real estate and related assets disposed of during the years ended December 31, 2025, 2024, and 2023, respectively (dollars in thousands):

  For the year ended December 31,
  2025 2024 2023
Operating revenue $ 291  $ 1,274  $ 1,511 
Operating expense 185  (1) 3,170  (3) 593 
Other income (expense), net 367  (2) —  — 
Income (expense) from real estate and related assets sold $ 473  $ (1,896) $ 918 
(1)Includes a $0.01 million impairment charge.
(2)Includes a $0.4 million gain on sale of real estate, net, from two property sales.
(3)Includes a $1.8 million impairment charge.
Schedule of Components of Assets and Liabilities Held for Sale
The table below summarizes the components of the assets held for sale at December 31, 2025 and 2024 reflected on the accompanying consolidated balance sheet (dollars in thousands):

December 31, 2025 December 31, 2024
Total real estate held for sale $ 10,428  $ 4,337 
Lease intangibles, net 832  26 
Total Assets Held for Sale $ 11,260  $ 4,363 
Liabilities Held for Sale
Deferred rent liability, net $ 397  $ — 
Total Liabilities Held for Sale $ 397  $ —