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Revenues | 12 Months Ended
--- | ---
Dec. 31, 2024
Revenues [Abstract] |
Revenues | Revenues Revenues are comprised of the following:
| Years ended December 31,
| 2024 |  | 2023
Base rents | $ | 23,992,000 |  |  | $ | 23,902,000 |
Expense recoveries - variable lease revenue | 8,254,000 |  |  | 7,705,000 |
Percentage rent - variable lease revenue | 460,000 |  |  | 479,000 |
Straight-line rents | 288,000 |  |  | 1,208,000 |
Above (below) market lease amortization, net | 226,000 |  |  | 336,000 |
Other | 1,400,000 |  |  | 645,000 |
| 34,620,000 |  |  | 34,275,000 |
Credit adjustments on operating lease receivables | (72,000) |  |  | 357,000 |
Total revenues | $ | 34,548,000 |  |  | $ | 34,632,000 |
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. Annual future base rents due to be received under non-cancelable operating leases in effect at December 31, 2024 are approximately as follows:
2025 | $ | 22,357,000 |
2026 | 22,224,000 |
2027 | 20,256,000 |
2028 | 16,331,000 |
2029 | 13,347,000 |
Thereafter | 44,968,000 |
| $ | 139,483,000 |
Total future minimum rents do not include expense recoveries for real estate taxes and operating costs, or percentage rents based upon tenants' sales volume. Such amounts do not include amortization of intangible lease assets or liabilities.

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