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Subsequent Events
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 15 – Subsequent Events

In October 2025, the Company redeemed $52,696 in U.S. Treasury securities and purchased $82,692 in new U.S. Treasury securities.

In October 2025, the Company sold its interest in Fremaux Town Center to its joint venture partner. The Company received $30,767 in proceeds and eliminated $34,968 of property-specific debt.

In October 2025, the Company was notified by the lender that the loan secured by The Outlet Shoppes at Gettysburg was in maturity default. The Company is in discussions with the lender regarding modifying or extending the loan.

In October 2025, the Company exercised the extension option on the loan secured by Coastal Grand Mall - Dick's Sporting Goods, which extends the maturity date through May 2026.

In November 2025, the $1,725 loan secured by the former JC Penney parcel at Northgate Mall was paid off with proceeds from the sale of the parcel. The parcel was sold for $4,000.

In November 2025, the lender notified the Company that it had met the extension test for the secured term loan and it was extended through November 2026.

In November 2025, the Company declared a regular cash dividend of $0.45 per common share for the quarter ending December 31, 2025.

In November 2025, the Company's board of directors authorized the repurchase of up to $25,000 of the Company's common stock. The authorized share repurchase program has an expiration date of November 5, 2026 and replaces the existing program authorized in May 2025.