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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of NOI and Total Assets of Reportable Segments
The following tables summarize NOI and total assets for each of our reportable segments:

ShoppingMixed-Use
(In thousands)CentersPropertiesTotal
As of or for the three months ended September 30, 2025
Revenue:
Total property revenue$46,204 $23,750 $69,954 
Revenue adjustments (1)
2,050 
Total revenue$72,004 
Expenses:
Real estate taxes(5,023)(3,131)
Repairs and maintenance(2,690)(2,135)
Other expenses (2)
(2,732)(4,467)
Property net operating income$35,759 $14,017 $49,776 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(17,066)
Depreciation and amortization of deferred leasing costs(14,106)
General and administrative(6,658)
Revenue adjustments (1)2,050 
Net income$13,996 
Capital investment$11,349 $8,192 $19,541 
Total assets per segment$905,978 $1,246,164 $2,152,142 
Other assets (3)
15,439 
Total assets$2,167,581 
As of or for the three months ended September 30, 2024
   
Revenue:
Total property revenue$46,250 $20,460 $66,710 
Revenue adjustments (1)578 
Total revenue$67,288 
Expenses:
Real estate taxes(4,920)(2,700)
Repairs and maintenance(2,790)(1,858)
Other expenses (2)(2,391)(3,072)
Property net operating income$36,149 $12,830 $48,979 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(12,213)
Depreciation and amortization of deferred leasing costs(12,072)
General and administrative(5,680)
Revenue adjustments (1)578 
Net income $19,592 
Capital investment$4,614 $50,203 $54,817 
Total assets per segment$907,116 $1,194,544 $2,101,660 
Other assets (3)11,364 
Total assets$2,113,024 
(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.
ShoppingMixed-Use
(In thousands)CentersPropertiesTotal
As of or for the nine months ended September 30, 2025
Revenue:
Total property revenue$139,780 $67,769 $207,549 
Revenue adjustments (1)
7,145 
Total revenue$214,694 
Expenses:
Real estate taxes(14,611)(9,543)
Repairs and maintenance(10,834)(5,808)
Other expenses (2)
(8,007)(12,541)
Property net operating income$106,328 $39,877 $146,205 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(50,633)
Depreciation and amortization of deferred leasing costs(42,727)
General and administrative(19,085)
Revenue adjustments (1)7,145 
Gain on disposition of property
120 
Net income$41,025 
Capital investment$21,475 $52,634 $74,109 
Total assets per segment$905,978 $1,246,164 $2,152,142 
Other assets (3)
15,439 
Total assets$2,167,581 
As of or for the nine months ended September 30, 2024
   
Revenue:
Total property revenue$140,377 $60,247 $200,624 
Revenue adjustments (1)299 
Total revenue$200,923 
Expenses:
Real estate taxes(14,752)(8,100)
Repairs and maintenance(8,612)(5,015)
Other expenses (2)(7,653)(9,032)
Property net operating income$109,360 $38,100 $147,460 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(36,928)
Depreciation and amortization of deferred leasing costs(36,102)
General and administrative(17,565)
Revenue adjustments (1)299 
Gain on disposition of property
181 
Net income $57,345 
Capital investment$13,403 $131,608 $145,011 
Total assets per segment$907,116 $1,194,544 $2,101,660 
Other assets (3)11,364 
Total assets$2,113,024 
(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.