XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.24.3

Revenues and Tenant Receivables | 9 Months Ended
--- | ---
Sep. 30, 2024
Revenue Recognition and Deferred Revenue [Abstract] |
Revenues and Tenant Receivables | Revenues and Tenant Receivables Tenant Receivables As of September 30, 2024 and December 31, 2023, the Company's allowance for uncollectible tenant receivables totaled $0.5 million and $0.5 million, respectively. At September 30, 2024 and December 31, 2023, there were $4.0 million and $4.5 million, respectively, in unbilled straight-line rent, which is included in "Receivables, net". Revenues Revenues are comprised of the following:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Base rents | $ | 5,985,000 |  |  | $ | 6,003,000 |  |  | $ | 18,376,000 |  |  | $ | 17,789,000 |
Expense recoveries - variable lease revenue | 1,892,000 |  |  | 1,759,000 |  |  | 6,162,000 |  |  | 5,674,000 |
Percentage rent - variable lease revenue | 107,000 |  |  | 85,000 |  |  | 270,000 |  |  | 370,000 |
Straight-line rents | 127,000 |  |  | 299,000 |  |  | 194,000 |  |  | 819,000 |
Above (below) market lease amortization, net | 45,000 |  |  | 105,000 |  |  | 181,000 |  |  | 233,000 |
Other | 162,000 |  |  | 280,000 |  |  | 453,000 |  |  | 593,000 |
| 8,318,000 |  |  | 8,531,000 |  |  | 25,636,000 |  |  | 25,478,000 |
Credit adjustments on operating lease receivables | (207,000) |  |  | 89,000 |  |  | (149,000) |  |  | 349,000 |
Total revenues | $ | 8,111,000 |  |  | $ | 8,620,000 |  |  | $ | 25,487,000 |  |  | $ | 25,827,000 |
The Company reviews the collectability of charges under its tenant operating leases on a regular basis, taking into consideration changes in factors such as the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area where the property is located. In the event that collectability with respect to any tenant changes, the Company recognizes an adjustment to rental income. The Company's review of collectability of charges under its operating leases includes any accrued rental revenues related to the straight-line method of reporting rental revenue.

X
- Definition Revenue from Contract with Customer and Accounts and Nontrade Receivable + References No definition available. + Details
Name: | cdr_RevenueFromContractWithCustomerAndAccountsAndNontradeReceivableTextBlock
Namespace Prefix: | cdr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAndDeferredRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration