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Discontinued Operations | 9 Months Ended
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Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | 8. Discontinued Operations On October 1, 2024, the Company completed the spin-off of 79 convenience properties to Curbline, a separate publicly traded company. The spin-off of the convenience properties represented a strategic shift in the Company’s business and, as such, the Curbline properties are reflected as discontinued operations for the three and nine months ended September 30, 2024. The operating results related to the Curbline properties were as follows (in thousands):
|  | Three Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2024 |  |
Revenue from operations: |  |  |  |  |  |  |
Rental income |  | $ | 29,576 |  |  | $ | 85,386 |  |
Other income |  |  | 187 |  |  |  | 572 |  |
|  |  | 29,763 |  |  |  | 85,958 |  |
Rental operation expenses: |  |  |  |  |  |  |
Operating and maintenance |  |  | 3,541 |  |  |  | 9,532 |  |
Real estate taxes |  |  | 3,311 |  |  |  | 9,307 |  |
General and administrative |  |  | 39 |  |  |  | 208 |  |
Depreciation and amortization |  |  | 11,023 |  |  |  | 29,556 |  |
|  |  | 17,914 |  |  |  | 48,603 |  |
Other income (expense): |  |  |  |  |  |  |
Interest expense |  |  | — |  |  |  | (416 | ) |
Transaction costs and other expense |  |  | (23,635 | ) |  |  | (30,879 | ) |
|  |  | (23,635 | ) |  |  | (31,295 | ) |
Net (loss) income attributable to discontinued operations |  | $ | (11,786 | ) |  | $ | 6,060 |  |
The following table summarizes non-cash flow data related to discontinued operations (in millions):
| Nine Months Ended September 30, 2024 |  |
Accounts payable related to construction in progress | $ | 1.4 |  |
Assumption of buildings due to ground lease terminations |  | 2.7 |  |
Recognition of below-market ground leases |  | 13.7 |  |
For the nine months ended September 30, 2024, capital expenditures included in discontinued operations was $234.7 million.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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