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

Real Estate Activity (Tables)

v3.25.4
Real Estate Activity (Tables)
12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Schedule of Real Estate Activity
As of December 31, 2025 and 2024, we owned the following land and real estate (in thousands, except number of acres):
December 31,
2025
December 31,
2024
Number of Acres Net Book Value Number of Acres Net Book Value
Land (surface rights) (1)
798,626  $ —  798,643  $ — 
Real estate acquired 83,427  179,129  74,493  143,178 
Total real estate 882,053  $ 179,129  873,136  $ 143,178 
(1)Real estate assigned through the Declaration of Trust.