Financial Performance - Total revenue for the three months ended March 31, 2025, was $27107 thousand[17], compared to $31225 thousand for the three months ended March 31, 2024[17] - Net loss for the three months ended March 31, 2025, was $(21435) thousand[17], compared to a net loss of $(7552) thousand for the three months ended March 31, 2024[17] - Adjusted EBITDA for the three months ended March 31, 2025, was $8418 thousand[29], compared to $11113 thousand for the three months ended March 31, 2024[29] - FFO for the three months ended March 31, 2025, was $2673 thousand[27], compared to $4072 thousand for the three months ended March 31, 2024[27] - AFFO for the three months ended March 31, 2025, was $(693) thousand[27], compared to $(659) thousand for the three months ended March 31, 2024[27] Property Portfolio - As of March 31, 2025, the company owned 14 properties and one consolidated Sponsored REIT[7] - Total owned square footage was 5020216 square feet[40], with a weighted occupied percentage of 664%[40] - Property NOI from owned properties was $5020 thousand[25], compared to $11319 thousand in the prior year quarter[25], a decrease of 76%[25] - Same-store property NOI decreased by 76% to $11319 thousand[25] Debt and Capitalization - Total market capitalization was $434528 thousand[14] - Total debt outstanding (excluding unamortized financing costs) was $250179 thousand[14], representing 576% of total market capitalization[14] - Net Debt to Adjusted EBITDA was 65[14]