Salaries, wages, and benefits associated with our hangar campus personnel increased approximately $0.1 million, primarily driven by headcount increases associated with the commencement of operations at our DVT, APA, and ADS hangar campuses throughout the year ended December 31, 2025.

filing / Aug 12, 2026 / receipt

Salaries, wages, and benefits associated with our hangar campus personnel increased approximately $0.4 million, primarily driven by headcount increases associated with the commencement of operations at our DVT, APA, and ADS hangar campuses throughout the year ended December 31, 2025.

filing / Aug 12, 2026 / receipt

This larger hangar prototype requires an increase in construction materials and components, and we expect its incorporation into multiple future development projects will ultimately result in cost savings through the realization of economies of scale.

filing / Aug 12, 2026 / receipt

While we expect that such expenses will rise in some measure as our portfolio of hangar campuses grows, we expect that such expenses as a percentage of our portfolio will decrease over time due to efficiencies, economies of scale, insourcing of job functions, and cost control measures.

filing / Aug 12, 2026 / receipt

Office leases - 0.1 All operating leases 44.6 44.9 Finance leases 2.1 2.5 Weighted Average Discount Rate Operating leases Ground leases - Unimproved at commencement 5.84 % 5.79 % Ground leases - Existing improvements 5.17 % 5.18 % Equipment leases 5.51 % 5.51 % Office leases - 4.82 % All operating leases 5.73 % 5.68 % Finance leases 6.90 % 6.75 % The Company’s future minimum le

filing / Aug 12, 2026 / receipt

Office leases - 4.82 % All operating leases 5.73 % 5.68 % Finance leases 6.90 % 6.75 % The Company’s future minimum lease payments required under leases as of June 30, 2026 were as follows: Year Ending December 31, Operating Leases Finance Leases 2026 (remainder of year) $ 3,385 $ 26 2027 8,573 45 2028 10,402 32 2029 11,146 - 2030 11,250 - Thereafter 651,217 - Total lease p

filing / Aug 12, 2026 / receipt

Salaries, wages, and benefits associated with our hangar campus personnel increased approximately $0.2 million, primarily driven by headcount increases associated with the commencement of operations at our DVT, APA, and ADS hangar campuses throughout the year ended December 31, 2025.

filing / May 14, 2026 / receipt

This larger hangar prototype requires an increase in construction materials and components, and we expect its incorporation into multiple future development projects will ultimately result in cost savings through the realization of economies of scale.

filing / May 14, 2026 / receipt

While we expect that such expenses will rise in some measure as our portfolio of hangar campuses grows, we expect that such expenses as a percentage of our portfolio will decrease over time due to efficiencies, economies of scale, insourcing of job functions, and cost control measures.

filing / May 14, 2026 / receipt

Office leases - 0.1 All operating leases 44.7 44.9 Finance leases 2.3 2.5 Weighted Average Discount Rate Operating leases Ground leases - Unimproved at commencement 5.84 % 5.79 % Ground leases - Existing improvements 5.17 % 5.18 % Equipment leases 5.51 % 5.51 % Office leases - 4.82 % All operating leases 5.73 % 5.68 % Finance leases 6.82 % 6.75 % The Company’s future minimum le

filing / May 14, 2026 / receipt

Office leases - 4.82 % All operating leases 5.73 % 5.68 % Finance leases 6.82 % 6.75 % The Company’s future minimum lease payments required under leases as of March 31, 2026 were as follows: Year Ending December 31, Operating Leases Finance Leases 2026 (remainder of year) $ 5,033 $ 43 2027 8,561 45 2028 10,390 32 2029 11,135 - 2030 11,239 - Thereafter 650,866 - Total lease

filing / May 14, 2026 / receipt

Lowers construction costs and operating expenses

ir_statement / Sep 16, 2026 / receipt