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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Information  
Schedule of segment net operating income

Three Months

Three Months

Ended

Ended

(in thousands)

 

March 31, 2025

 

March 31, 2024

Total consolidated revenues

$

27,107

$

31,225

Reconciling items:

Amortization of above/below market leases

(6)

Less:

Real estate operating expenses

10,095

11,019

Real estate taxes and insurance

5,369

5,936

Segment NOI

$

11,643

 

$

14,264

 

Three Months

Three Months

Ended

 

Ended

Reconciliation to Net loss

March 31, 2025

March 31, 2024

Net loss

 

$

(21,435)

 

$

(7,552)

Add (deduct):

Loss on extinguishment of debt

2

137

(Gain) loss on sale of properties and impairment of assets held for sale, net

 

13,284

 

5

Depreciation and amortization

 

10,824

 

11,625

Amortization of above/below market leases

 

 

(6)

General and administrative

 

3,484

 

4,159

Interest expense

 

5,691

 

6,846

Interest income

 

(259)

 

(1,008)

Tax expense

52

 

58

Segment NOI

 

$

11,643

 

$

14,264