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Note 15 - Mortgages Payable | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Mortgage Notes Payable Disclosure [Text Block] | 15. Mortgages Payable: Mortgages, collateralized by certain shopping center properties (see Financial Statement Schedule III included in this annual report on Form 10-K), are generally due in monthly installments of principal and/or interest. As of December 31, 2021 and 2020, the Company’s Mortgages payable, net consisted of the following (in millions):
|  | Carrying Amount at December 31, |  |  | Interest Rate at December 31, |  |  | Maturity Date at December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |  |  | 2021 |
Mortgages payable |  | $ | 439.2 |  |  | $ | 308.4 |  |  |  | 3.23% - 7.23 | % |  |  | 3.23% - 7.23 | % |  | Apr-2022 – Jul-2029 |
Fair value debt adjustments, net |  |  | 10.8 |  |  |  | 3.5 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Deferred financing costs, net |  |  | (1.3 | ) |  |  | (0.6 | ) |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
|  | $ | 448.7 |  |  | $ | 311.3 |  |  |  | 4.12%* |  |  |  | 4.73%* |  |  |  |  |
* Weighted-average interest rate During 2021, the Company (i) assumed $234.1 million of individual non-recourse mortgage debt through the consolidation of nine operating properties, (ii) repaid $230.5 million of mortgage debt (including fair market value adjustment of $1.2 million) that encumbered 28 operating properties and (iii) deconsolidated $170.0 million of individual non-recourse mortgage debt relating to six operating properties for which the Company no longer holds a controlling interest. In addition, in connection with the Merger, the Company assumed mortgage debt of $317.7 million (including fair market value adjustment of $11.0 million) that encumber 16 operating properties, which have scheduled maturity dates ranging from April 2022 to August 2038 and accrue interest at rates ranging from 3.50% to 6.95% per annum. During 2020, the Company repaid $92.0 million of mortgage debt (including fair market value adjustment of $0.4 million) that encumbered four operating properties. The scheduled principal payments (excluding any extension options available to the Company) of all mortgages payable, excluding unamortized fair value debt adjustments of $10.8 million and unamortized debt issuance costs of $1.3 million, as of December 31, 2021, were as follows (in millions):
|  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | Thereafter |  |  | Total |
Principal payments |  | $ | 124.5 |  |  | $ | 63.6 |  |  | $ | 8.1 |  |  | $ | 54.3 |  |  | $ | 5.4 |  |  | $ | 183.3 |  |  | $ | 439.2 |

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