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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,
2024202320242023
Base rents$5,985,000 $6,003,000 $18,376,000 $17,789,000 
Expense recoveries - variable lease revenue1,892,000 1,759,000 6,162,000 5,674,000 
Percentage rent - variable lease revenue107,000 85,000 270,000 370,000 
Straight-line rents127,000 299,000 194,000 819,000 
Above (below) market lease amortization, net45,000 105,000 181,000 233,000 
Other162,000 280,000 453,000 593,000 
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.