This increase was partially offset by decreases in property operating and depreciation expenses, which are due to asset dispositions. and savings on corporate and travel expenses as a result of the sale of MWA.

Apr 30, 2026 / receipt, needs a key / Susan Landy, CFO | earnings call 2026-04-30 | transcript 48fa4600-9084-4584-bd78-2eeebf426dfb | chars 9710-9920 | segment 10

G&A expenses decreased primarily due to lower travel and consulting fees.

May 8, 2025 / receipt, needs a key / Susan Landy, CFO | earnings call 2025-05-08 | transcript 4bb8b971-f97a-4c52-a60a-b86efea79964 | chars 15352-15425 | segment 15

General and administrative expenses increased due to a one-time severance expense of 1.4 million and a special bonus of 2.1 million to executive officers during the year ended December 31st, 2024, partially offset by lower compensation and travel expense throughout the year.

Feb 20, 2025 / receipt, needs a key / Susan Landy, CFO | earnings call 2025-02-20 | transcript 5a38381c-3b23-42e2-8aa2-1ca97c6dc7ab | chars 8662-8937 | segment 8

What we're doing to the company right now, if anything, would lead to an increase in the regular common dividend, not a decrease. On a current yield basis, these transactions are highly accretive. As Luca just explained, we've got We've got interest rate savings plus savings on property taxes and other operating expenses in excess of the revenue that we received. There's other opportunities for some cost control in the company in terms of team size and travel and other things. We have a lot less land to worry about, so things are easier to manage. So from a current yield basis, this is an incredibly positive thing for the cash flow of the company.

Oct 31, 2024 / receipt, needs a key / Paul Pittman, CEO | earnings call 2024-10-31 | transcript 1c676ae1-dfb8-4548-af74-7417034a6dd9 | chars 20948-21603 | segment 21

This is partially offset by lower compensation and travel expense.

Oct 31, 2024 / receipt, needs a key / Susan, other | earnings call 2024-10-31 | transcript 1c676ae1-dfb8-4548-af74-7417034a6dd9 | chars 12856-12922 | segment 13

General and administrative expenses expenses decreased for the three months ended September 30, 2024 as a result of the company's ongoing cost reduction and is primarily related to lower compensation and travel expenses.

Oct 31, 2024 / receipt, needs a key / Susan, other | earnings call 2024-10-31 | transcript 1c676ae1-dfb8-4548-af74-7417034a6dd9 | chars 12923-13143 | segment 13

You know, reduced travel, reduced at the most senior levels, me in particular, you know, thought about reducing compensation and have, in fact, reduced compensation somewhat.

Oct 31, 2024 / receipt, needs a key / Paul, CEO | earnings call 2024-10-31 | transcript 1c676ae1-dfb8-4548-af74-7417034a6dd9 | chars 29328-29502 | segment 30

This is partially offset by lower salaries and travel expenses.

Jul 25, 2024 / receipt, needs a key / Susan Landy, CFO | earnings call 2024-07-25 | transcript bebfcd12-68f8-4892-ace9-898018a3d83f | chars 14082-14145 | segment 14

General and administrative expenses decreased $0.7 million, or 29.9%, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025, resulting primarily from lower compensation and travel expense due to the sale of MWA in November 2025.

filing / Jul 30, 2026 / receipt

Property operating expenses decreased $0.4 million, or 14.4%, for the six months ended June 30, 2026 compared to the six months ended June 30, 2025, resulting primarily from lower tax, repairs and maintenance, insurance and travel expenses primarily due to dispositions that occurred in 2025 and 2026.

filing / Jul 30, 2026 / receipt

Office Leases As of June 30, 2026, the Company had four leases in place for office space and office equipment with payments ranging between $ 252 and $ 14,213 per month and lease terms expiring between November 2026 and January 2029.

filing / Jul 30, 2026 / receipt

As of June 30, 2026, the Company had four leases in place for office space and office equipment with payments ranging between $ 252 and $ 14,213 per month and lease terms expiring between November 2026 and January 2029.

filing / Jul 30, 2026 / receipt

Property operating expenses decreased $0.3 million, or 17.8%, for the three months ended March 31, 2026 compared to the three months ended March 31, 2025, resulting primarily from lower tax, repairs and maintenance, insurance and travel expenses primarily due to dispositions that occurred in 2025 and 2026.

filing / Apr 30, 2026 / receipt

General and administrative expenses decreased $0.6 million, or 24.5%, for the three months ended March 31, 2026 compared to the three months ended March 31, 2025, resulting primarily from lower compensation and travel expense due to the sale of MWA in November 2025.

filing / Apr 30, 2026 / receipt

Office Leases As of March 31, 2026, the Company had four leases in place for office space and office equipment with payments ranging between $ 252 and $ 14,046 per month and lease terms expiring between November 2026 and October 2027.

filing / Apr 30, 2026 / receipt

As of March 31, 2026, the Company had four leases in place for office space and office equipment with payments ranging between $ 252 and $ 14,046 per month and lease terms expiring between November 2026 and October 2027.

filing / Apr 30, 2026 / receipt