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Business Segments (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Business Segments

The following tables summarize NOI and total assets for each of our reportable segments:

			Shopping						Mixed-Use
(In thousands)			Centers						Properties						Total
As of or for the six months ended June 30, 2025
Revenue:
Total property revenue			$	93,576					$	44,019					$	137,595
Revenue adjustments (1)															5,095
Total revenue															$	142,690
Expenses:
Real estate taxes			(9,588)						(6,412)
Repairs and maintenance			(8,144)						(3,673)
Other expenses (2)			(5,275)						(8,074)
Property net operating income			$	70,569					$	25,860					$	96,429
Non-segment items:
Interest expense, net and amortization of deferred debt costs															(33,567)
Depreciation and amortization of deferred leasing costs															(28,621)
General and administrative															(12,427)
Revenue adjustments (1)															5,095
Gain on disposition of property															120
Net income															$	27,029
Capital investment			$	10,126					$	44,442					$	54,568
Total assets per segment			$	897,651					$	1,232,684					$	2,130,335
Other assets (3)															9,349
Total assets															$	2,139,684
As of or for the six months ended June 30, 2024
Revenue:
Total property revenue			$	94,127					$	39,787					$	133,914
Revenue adjustments (1)															(279)
Total revenue															$	133,635
Expenses:
Real estate taxes			(9,831)						(5,400)
Repairs and maintenance			(5,823)						(3,156)
Other expenses (2)			(5,262)						(5,961)
Property net operating income			$	73,211					$	25,270					$	98,481
Non-segment items:
Interest expense, net and amortization of deferred debt costs															(24,715)
Depreciation and amortization of deferred leasing costs															(24,030)
General and administrative															(11,885)
Revenue adjustments (1)															(279)
Gain on disposition of property															181
Net income															$	37,753
Capital investment			$	8,789					$	81,405					$	90,194
Total assets per segment			$	900,335					$	1,156,510					$	2,056,845
Other assets (3)															14,752
Total assets															$	2,071,597

(1)    Revenue adjustments are straight-line base rent and above/below market lease amortization.

(2)    Other expenses include payroll, utilities, insurance, legal, parking, advertising, and other.

(3)    Other assets include cash on hand, swap assets, and an operating lease right of use asset.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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