Real Estate (Tables)

12 Months Ended

Dec. 31, 2023

Real Estate [Abstract]

Schedule of disposal groups and discontinued operations

Excluding the Grocery-Anchored Portfolio Sale, during 2023 and 2022, the Company sold the properties listed below:

Property	Location	Date Sold	Sales Price		Gain on Sale/ Impairment
2023
Carll's Corner outparcel building	Bridgeton, NJ	7/11/2023	$	3,000,000	$	2,662,000
2022
Riverview Plaza	Philadelphia, PA	5/16/2022	$	34,000,000	$	(361,000)

The assets sold in these transactions were:

Property Name	Location	Property Name	Location
Academy Plaza	Philadelphia, PA	New London Mall	New London, CT
Bethel Shopping Center	Bethel, CT	Newport Plaza	Newport, PA
Carmans Plaza	Massapequa, NY	Northside Commons	Campbelltown, PA
Christina Crossing	Wilmington, DE	Norwood Shopping Center	Norwood, MA
Colonial Commons	Harrisburg, PA	Oak Ridge Shopping Center	Suffolk, VA
Crossroads II	Bartonsville, PA	Oakland Mills	Columbia, MD
East River Park	Washington, DC	Palmyra Shopping Center	Palmyra, PA
Elmhurst Square	Portsmouth, VA	Quartermaster Plaza	Philadelphia, PA
Fishtown Crossing	Philadelphia, PA	Senator Square	Washington, DC
Franklin Village Plaza	Franklin, MA	Shoppes at Arts District	Hyattsville, MD
General Booth Plaza	Virginia Beach, VA	Swede Square	E. Norriton Township, PA
Girard Plaza	Philadelphia, PA	The Point	Harrisburg, PA
Groton Shopping Center	Groton, CT	The Shops as Bloomfield Station	Bloomfield, NJ
Halifax Plaza	Halifax, PA	The Shops at Suffolk Downs	Revere, MA
Jordan Lane	Wethersfield, PA	Trexlertown Plaza	Trexlertown, PA
Kempsville Crossing	Virginia Beach, VA	Valley Plaza	Hagerstown, MD
Lawndale Plaza	Philadelphia, PA	Yorktowne Plaza	Cockeysville, MD
Meadows Marketplace	Hummelstown, PA

The following is a summary of income from discontinued operations:

	Years ended December 31,
	2023		2022
REVENUES
Rental revenues	$	—	$	44,130,000
Other revenues	—		184,000
Total revenues	—		44,314,000
EXPENSES
Operating, maintenance and management	—		9,557,000
Real estate and other property-related taxes	—		6,749,000
Corporate general and administrative	—		469,000
Depreciation and amortization	—		9,726,000
Total expenses	—		26,501,000
OPERATING INCOME	—		17,813,000
NON-OPERATING INCOME AND EXPENSES
Interest expense, net	—		(3,511,000)
Total non-operating income and expenses	—		(3,511,000)
INCOME FROM DISCONTINUED OPERATIONS	—		14,302,000
Impairment charges	—		(16,629,000)
Gain on sales	—		125,500,000
TOTAL INCOME FROM DISCONTINUED OPERATIONS	$	—	$	123,173,000