Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Properties Disposed We sold one property, located in Charlotte, North Carolina, and a portion of a land parcel, located in Ocala, Florida, during the six months ended June 30, 2026, which are summarized in the table below (dollars in thousands):
Aggregate Square Footage Sold Aggregate Sales Price Aggregate Sales Costs Aggregate Gain on Sale of Real Estate, net
161,458  $ 14,899  $ 283  $ 3,676 
Schedule of Components of Operating Income from Real Estate and Related Assets Disposed
The table below summarizes the components of operating income from the property disposed of during the three and six months ended June 30, 2026 and 2025 (dollars in thousands):

For the three months ended June 30, For the six months ended June 30,
2026 2025 2026 2025
Operating revenue $ 2,325  $ 213  $ 2,513  $ 425 
Operating expense 8  169  13  337 
Other income, net 1,894  (1) —  1,894  (1) — 
Income from real estate and related assets sold $ 4,211  $ 44  $ 4,394  $ 88 

(1)Includes a $1.9 million gain on sale of real estate, net, from one property sale.
Schedule of Components of Assets and Liabilities Held for Sale
The table below summarizes the components of the assets and liabilities held for sale at December 31, 2025, reflected on the accompanying condensed consolidated balance sheets (dollars in thousands):

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