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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Intangible Assets and Balance Sheet Classifications | The Company’s intangibles and their balance sheet classifications as of December 31, 2024 and 2023, respectively, are summarized as follows:
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Cost |  |  | Accumulated Amortization |  |  | Cost |  |  | Accumulated Amortization |
In-place leases |  | $ | 418,458 |  |  | $ | (231,897 | ) |  | $ | 372,596 |  |  | $ | (214,957 | )
Intangible lease assets and other assets: |  |  |  |  |  |  |  |  |  |  |  |
Above-market leases |  |  | 260,512 |  |  |  | (138,474 | ) |  |  | 232,638 |  |  |  | (113,965 | )
Tenant relationships |  |  | 2,578 |  |  |  | (115 | ) |  |  | 2,578 |  |  |  | (63 | )
Accounts payable and accrued liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Below-market leases |  |  | 166,909 |  |  |  | (69,303 | ) |  |  | 145,406 |  |  |  | (64,998 | )
Schedule of Income Tax Provision | The Company recorded an income tax (provision) benefit as follows:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current tax provision |  | $ | (2,705 | ) |  | $ | (2,177 | ) |  | $ | (1,951 | )
Deferred tax benefit (provision) |  |  | 1,650 |  |  |  | 1,283 |  |  |  | (1,128 | )
Income tax (provision) benefit |  | $ | (1,055 | ) |  | $ | (894 | ) |  | $ | (3,079 | )
Summary of Basic and Diluted EPS | The following table presents the calculation of basic and diluted EPS (in thousands, except per share amounts):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Basic earnings per share |  |  |  |  |  |  |  |  |
Net income (loss) attributable to the Company |  | $ | 58,970 |  |  | $ | 6,546 |  |  | $ | (93,482 | )
Less: Dividends allocable to unvested restricted stock |  |  | (1,206 | ) |  |  | (1,113 | ) |  |  | (2,537 | )
Net income (loss) attributable to common shareholders |  | $ | 57,764 |  |  | $ | 5,433 |  |  | $ | (96,019 | )
Weighted-average basic shares outstanding |  |  | 30,905 |  |  |  | 31,303 |  |  |  | 30,046 |
Net income (loss) per share attributable to common shareholders |  | $ | 1.87 |  |  | $ | 0.17 |  |  | $ | (3.20 | )
Diluted earnings per share (1) |  |  |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders |  | $ | 57,764 |  |  | $ | 5,433 |  |  | $ | (96,019 | )
Weighted-average basic shares outstanding |  |  | 30,962 |  |  |  | 31,303 |  |  |  | 30,046 |
Net income (loss) per share attributable to common shareholders |  | $ | 1.87 |  |  | $ | 0.17 |  |  | $ | (3.20 | )
(1) For the year ended December 31, 2024, the computation of diluted EPS includes contingently issuable shares related to PSUs calculated under the treasury stock method. For the year ended December 31, 2024, the computation of diluted EPS does not include contingently issuable shares related to unvested restricted stock awards due to their anti-dilutive nature. For the year ended December 31, 2024, had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,092,693, including 130,527 contingently issuable shares related to unvested restricted stock awards. For the year ended December 31, 2023, the computation of diluted EPS does not include contingently issuable shares due to their anti-dilutive nature. Had the contingently issuable shares been dilutive, the denominator for diluted EPS would have been 31,330,597, including 27,434 contingently issuable shares related to unvested restricted stock awards. Due to a net loss for the year ended December 31, 2022, the computation of diluted EPS does not include contingently issuable shares due to their anti-dilutive nature. Had the Company reported net income for the year ended December 31, 2022, the denominator for diluted EPS would have been 30,206,521, including 160,098 contingently issuable shares related to PSUs and unvested restricted stock awards.

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