v3.25.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Lease Revenue Recognized Between Fixed and Variable Lease Revenue The table below sets forth our composition of lease revenue recognized between fixed- and variable-lease revenue (in thousands):
For the Three Months Ended September 30,For the Nine Months Ended September 30,
Lease revenue 2025202420252024
Fixed$135,957 $129,357 $403,982 $382,918 
Variable 42,315 41,192 125,196 118,683 
$178,272 $170,549 $529,178 $501,601 
Schedule of Property Right-of-use Assets and Lease Liabilities Our property right-of-use assets and property lease liabilities on our consolidated balance sheets consisted of the following (in thousands):
LeasesBalance Sheet LocationSeptember 30,
2025		December 31,
2024
Right-of-use assets
Operating leases - PropertyProperty - operating lease right-of-use assets$51,838 $55,760 
Finance leases - PropertyPrepaid expenses and other assets, net2,435 2,491 
Total right-of-use assets$54,273 $58,251 
Lease liabilities
Operating leases - PropertyProperty - operating lease liabilities$46,203 $49,240 
Finance leases - PropertyOther liabilities370 391 
Total lease liabilities$46,573 $49,631 
Schedule of Property Lease Costs and Effect of Property Lease Payments on Consolidated Statements of Cash Flows The table below presents our total property lease cost (in thousands):
Statement of Operations LocationFor the Three Months Ended September 30,For the Nine Months Ended September 30,
Lease cost2025202420252024
Operating lease cost
Property leases - fixedProperty operating expenses$2,276 $1,929 $6,813 $5,687 
Property leases - variableProperty operating expenses27 42 81 219 
Finance lease cost
Amortization of property right-of-use assetsProperty operating expenses19 19 56 56 
Interest on lease liabilitiesInterest expense8 9 26 28 
$2,330 $1,999 $6,976 $5,990 

The table below presents the effect of property lease payments on our consolidated statements of cash flows (in thousands):
For the Nine Months Ended September 30,
Supplemental cash flow information20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$5,928 $5,232 
Operating cash flows for finance leases$26 $28 
Financing cash flows for finance leases$21 $18 
Schedule of Payments Due on Property Operating Leases
Payments on property leases were due as follows (in thousands):
September 30, 2025
Year Ending December 31,Operating LeasesFinance Leases
2025 (1)
$2,011 $15 
20268,217 65 
20278,418 67 
20282,838 69 
20292,094 71 
Thereafter153,999 226 
Total lease payments177,577 513 
Less: Amount representing interest(131,374)(143)
Lease liability$46,203 $370 
(1)Represents the three months ending December 31, 2025.
Schedule of Payments Due on Property Finance Leases
Payments on property leases were due as follows (in thousands):
September 30, 2025
Year Ending December 31,Operating LeasesFinance Leases
2025 (1)
$2,011 $15 
20268,217 65 
20278,418 67 
20282,838 69 
20292,094 71 
Thereafter153,999 226 
Total lease payments177,577 513 
Less: Amount representing interest(131,374)(143)
Lease liability$46,203 $370 
(1)Represents the three months ending December 31, 2025.