Real Estate (Tables)

9 Months Ended

Sep. 30, 2022

Real Estate [Abstract]

Schedule of Property Disposition not Including Grocery-Anchored Portfolio Sale

The following table shows the property disposition, not including the Grocery-Anchored Portfolio Sale, during the nine months ended September 30, 2022:

				Date	Sales
Disposition	Location	GLA		Sold	Price		Impairment
Riverview Plaza	Philadelphia, PA		108,902	5/16/2022	$	34,000,000	$	(361,000	)

Summary of Income from Discontinued Operations

The following is a summary of income from discontinued operations:

	Three months ended September 30,						Nine months ended September 30,
	2022			2021			2022			2021
REVENUES
Rental revenues	$	1,396,000		$	21,985,000		$	45,391,000		$	65,757,000
Other		26,000			81,000			184,000			302,000
Total revenues		1,422,000			22,066,000			45,575,000			66,059,000
EXPENSES
Operating, maintenance and management		377,000			4,310,000			10,818,000			14,227,000
Real estate and other property-related taxes		216,000			3,277,000			6,750,000			9,768,000
General and administrative		—			265,000			468,000			165,000
Depreciation and amortization		—			6,471,000			9,726,000			21,503,000
Total expenses		593,000			14,323,000			27,762,000			45,663,000
OPERATING INCOME		829,000			7,743,000			17,813,000			20,396,000
NON-OPERATING INCOME AND EXPENSES
Interest expense		(473,000	)		(1,451,000	)		(3,511,000	)		(3,160,000	)
Total non-operating income and expenses		(473,000	)		(1,451,000	)		(3,511,000	)		(3,160,000	)
INCOME FROM DISCONTINUED OPERATIONS		356,000			6,292,000			14,302,000			17,236,000
Impairment charges		—			(23,749,000	)		(16,629,000	)		(23,749,000	)
Gain on sales		125,500,000			—			125,500,000			1,047,000
TOTAL INCOME (LOSS) FROM DISCONTINUED OPERATIONS	$	125,856,000		$	(17,457,000	)	$	123,173,000		$	(5,466,000	)