XML 45 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Concentration Of Credit Risk
 12 Months Ended
Dec. 31, 2011
Concentration Of Credit Risk [Abstract]  
Concentration Of Credit Risk

Note 7. Concentration of Credit Risk

     Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents in excess of insured amounts and tenant receivables. The Company places its cash and cash equivalents with high quality financial institutions. Management performs ongoing credit evaluations of its tenants and requires certain tenants to provide security deposits and/or suitable guarantees.

     Excluding properties treated as discontinued operations, Giant Food Stores, LLC ("Giant Foods"), which is owned by Ahold N.V., a Netherlands corporation, accounted for approximately 13%, 11% and 10% of the Company's total revenues in 2011, 2010 and 2009, respectively. Giant Foods, in combination with Stop & Shop, Inc., which is also owned by Ahold N.V., accounted for approximately 16%, 13% and 14% of the Company's total revenues in 2011, 2010 and 2009, respectively.

     The Company's properties are located largely in the mid-Atlantic and Northeast coastal regions, which exposes it to greater economic risks than if the properties it owned were located in a greater number of geographic regions (in particular, 34 of the Company's properties are located in Pennsylvania).