Dispositions and Assets Held for Sale

3 Months Ended

Mar. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

During the three months ended March 31, 2026, the Company disposed of four shopping centers for aggregate net proceeds of $105.7 million, resulting in aggregate gain of $52.1 million.

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.

As of March 31, 2026 and December 31, 2025, the Company had one property held for sale. There were no liabilities associated with the property classified as held for sale. The following table presents the assets associated with the property classified as held for sale:


Assets	March 31, 2026		December 31, 2025
Land	$	1,620	$	233
Buildings and improvements	7,017		5,579
Accumulated depreciation and amortization	(3,578)		(1,407)
Real estate, net	5,059		4,405
Other assets	231		146
Assets associated with real estate assets held for sale	$	5,290	$	4,551

There were no discontinued operations for the three months ended March 31, 2026 and 2025 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations.