Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Estimated Total Outstanding Commitments
As of June 30, 2026, the Company had the following estimated total outstanding leasing cost commitments (in thousands):
Total (1)
Tenant improvement allowances $ 36,510 
Reimbursable landlord work (2)
2,315 
Non-reimbursable landlord work (2)
4,619 
Total $ 43,444 
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(1)Outstanding commitments do not include rent concessions as such amounts are recorded as a component of straight-line rent receivable, net, in accordance with U.S. GAAP.
(2)Landlord work represents specific improvements agreed to within the lease agreement to be performed by the Company, as landlord, as a new and non-recurring obligation and in order to induce the tenant to enter into a new lease or lease renewal or extension. Outstanding commitments for reimbursable and non-reimbursable landlord work include estimates and are subject to change.