On a positive note on expense management, we successfully renewed our annual insurance program effective July 1st, resulting in a $6.8 million or 26% reduction in our premiums, a benefit we anticipate to realize in the upcoming quarters.

Nov 5, 2024 / receipt, needs a key / Matt Brown, CFO | earnings call 2024-11-05 | transcript f314d023-d85b-4e3b-9843-b475b68ee76e | chars 10604-10841 | segment 10

Expense reimbursement: Property level expenses Property operating expenses $ 2,279 $ 3,318 $ 4,596 $ 7,059 Other expenses General and administrative expenses 44 50 88 100 Total $ 2,323 $ 3,368 $ 4,684 $ 7,159 (1) The net business management fees we recognized reflect a reduction of $ 743 for each of the three months ended June 30, 2026 and 2025, and $ 1,487 for each of the six months ended June 30, 2026 and 2

filing / Aug 3, 2026 / receipt

Expense Reimbursement. We are generally responsible for all our operating expenses, including certain expenses incurred or arranged by RMR on our behalf.

filing / Aug 3, 2026 / receipt

We lease office space to RMR in certain of our properties for RMR’s property management offices. We recognized rental income from RMR for leased office space of $ 65 and $ 102 for the three months ended June 30, 2026 and 2025, respectively, and $ 173 and $ 209 for the six months ended June 30, 2026 and 2025, respectively.

filing / Aug 3, 2026 / receipt

We recognized rental income from RMR for leased office space of $ 65 and $ 102 for the three months ended June 30, 2026 and 2025, respectively, and $ 173 and $ 209 for the six months ended June 30, 2026 and 2025, respectively.

filing / Aug 3, 2026 / receipt

Expense reimbursement: Property level expenses Property operating expenses $ 2,279 $ 3,318 $ 4,596 $ 7,059 Other expenses General and administrative expenses 44 50 88 100 Total $ 2,323 $ 3,368 $ 4,684 $ 7,159 (1) The net business management fees we recognized reflect a reduction of $ 743 for each of the three months ended June 30, 2026 and 2025, and $ 1,487 for each of the six months ended June 30, 2026 and 2

filing / Aug 3, 2026 / receipt

Expense Reimbursement. We are generally responsible for all our operating expenses, including certain expenses incurred or arranged by RMR on our behalf.

filing / Aug 3, 2026 / receipt

We lease office space to RMR in certain of our properties for RMR’s property management offices. We recognized rental income from RMR for leased office space of $ 65 and $ 102 for the three months ended June 30, 2026 and 2025, respectively, and $ 173 and $ 209 for the six months ended June 30, 2026 and 2025, respectively.

filing / Aug 3, 2026 / receipt

We recognized rental income from RMR for leased office space of $ 65 and $ 102 for the three months ended June 30, 2026 and 2025, respectively, and $ 173 and $ 209 for the six months ended June 30, 2026 and 2025, respectively.

filing / Aug 3, 2026 / receipt

Expense Reimbursement: Other expenses General and administrative expenses $ 44 $ 50 Property level expenses Property operating expenses 2,317 3,741 Total $ 2,361 $ 3,791 (1) The net business management fees we recognized for the three months ended March 31, 2026 and 2025 reflect a reduction of $ 744 for each of those periods for the amortization of the liability we recorded in connection with our former inves

filing / May 4, 2026 / receipt

Expense Reimbursement. We are generally responsible for all our operating expenses, including certain expenses incurred or arranged by RMR on our behalf.

filing / May 4, 2026 / receipt

We lease office space to RMR in certain of our properties for RMR’s property management offices. We recognized rental income from RMR for leased office space of $ 108 and $ 107 for the three months ended March 31, 2026 and 2025, respectively.

filing / May 4, 2026 / receipt

We recognized rental income from RMR for leased office space of $ 108 and $ 107 for the three months ended March 31, 2026 and 2025, respectively.

filing / May 4, 2026 / receipt