Real Estate (Tables)

12 Months Ended

Dec. 31, 2022

Real Estate Properties [Line Items]

Schedule of Real Estate Held for Sale

As of December 31, 2022 and 2021, real estate held for sale consists of the following:

	December 31,
	2022		2021
Real estate held for sale	$	—	$	736,230,000
Receivables		—		8,453,000
Other assets and deferred charges, net		—		12,354,000
Total real estate held for sale	$	—	$	757,037,000

Schedule of Transactions Related to Properties Held for Sale/Conveyance

Dispositions

Excluding the Grocery-Anchored Portfolio Sale, during 2022, 2021 and 2020, the Company sold the properties listed below:

					Gain on Sale/
		Date	Sales		Reversal of
Property	Location	Sold	Price		Impairment
2022
Riverview Plaza	Philadelphia, PA	5/16/2022	$	34,000,000	$	(361,000	)
2021
Kempsville Crossing (land parcel)	Virginia Beach, VA	2/24/2021	$	1,300,000	$	1,047,000
The Commons	Dubois, PA	5/5/2021		9,761,000		1,849,000
Camp Hill Shopping Center	Camp Hill, PA	6/21/2021		89,662,500		48,857,000
			$	100,723,500	$	51,753,000
2020
Metro Square	Owings Mills, MD	7/9/2020	$	4,288,000	$	-
Oakland Mills outparcel building	Columbia, MD	9/17/2020		1,050,000		643,000
Glen Allen Shopping Center	Glen Allen, VA	10/8/2020		8,540,000		1,780,000
Pine Grove Plaza outparcel building	Brown Mills, NJ	11/2/2020		1,100,000		565,000
Suffolk Plaza	Suffolk, VA	12/10/2020		6,950,000		1,408,000
			$	21,928,000	$	4,396,000

Summary of Income (Loss) from Discontinued Operations

The following is a summary of income (loss) from discontinued operations:

	Years ended December 31,
	2022			2021			2020
REVENUES
Rental revenues	$	45,073,000		$	87,839,000		$	88,763,000
Other		184,000			524,000			885,000
Total revenues		45,257,000			88,363,000			89,648,000
EXPENSES
Operating, maintenance and management		10,818,000			19,518,000			21,311,000
Real estate and other property-related taxes		6,749,000			13,040,000			12,727,000
General and administrative		151,000			222,000			174,000
Depreciation and amortization		9,726,000			27,313,000			31,943,000
Total expenses		27,444,000			60,093,000			66,155,000
OPERATING INCOME		17,813,000			28,270,000			23,493,000
NON-OPERATING INCOME AND EXPENSES
Interest expense, net		(3,511,000	)		(4,735,000	)		(2,134,000	)
Total non-operating income and expenses		(3,511,000	)		(4,735,000	)		(2,134,000	)
INCOME FROM DISCONTINUED OPERATIONS		14,302,000			23,535,000			21,359,000
Impairment (charges) reversal		(16,629,000	)		(33,913,000	)		643,000
Gain on sales		125,500,000			1,047,000			—
TOTAL INCOME (LOSS) FROM DISCONTINUED OPERATIONS	$	123,173,000		$	(9,331,000	)	$	22,002,000

Discontinued Operations [Member]

Real Estate Properties [Line Items]

Schedule of Transactions Related to Properties Held for Sale/Conveyance

The assets sold in these transactions are:

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