Dispositions and Assets Held for Sale

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

During the three months ended March 31, 2025, the Company disposed of two shopping centers and two partial shopping centers for aggregate net proceeds of $21.6 million, resulting in aggregate gain of $3.1 million.

During the three months ended March 31, 2024, the Company disposed of three shopping centers for aggregate net proceeds of $67.2 million, resulting in aggregate gain of $15.0 million. In addition, during the three months ended March 31, 2024, the Company resolved contingencies related to previously disposed assets for aggregate net proceeds of $0.1 million, resulting in aggregate gain of $0.1 million.

As of March 31, 2025, the Company had two properties held for sale. As of December 31, 2024, the Company had two properties held for sale. There were no liabilities associated with the properties classified as held for sale. The following table presents the assets associated with the properties classified as held for sale:


Assets	March 31, 2025		December 31, 2024
Land	$	2,145	$	1,280
Buildings and improvements	5,867		4,520
Accumulated depreciation and amortization	(3,117)		(1,658)
Real estate, net	4,895		4,142
Other assets	81		47
Assets associated with real estate assets held for sale	$	4,976	$	4,189

There were no discontinued operations for the three months ended March 31, 2025 and 2024 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations.