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Revenues (Tables)
3 Months Ended
Mar. 31, 2023
Revenues [Abstract]  
Schedule of Rental Revenues

Rental revenues for the three months ended March 31, 2023 and 2022, respectively, are comprised of the following:

 

 

 

Three months ended March 31,

 

 

 

2023

 

 

2022

 

Base rents

 

$

5,835,000

 

 

$

6,286,000

 

Expense recoveries - variable lease revenue

 

 

2,261,000

 

 

 

1,997,000

 

Percentage rent - variable lease revenue

 

 

168,000

 

 

 

123,000

 

Straight-line rents

 

 

191,000

 

 

 

(11,000

)

Amortization of intangible lease liabilities, net

 

 

22,000

 

 

 

160,000

 

 

 

 

8,477,000

 

 

 

8,555,000

 

Credit adjustments on operating lease receivables

 

 

164,000

 

 

 

(41,000

)

Total rental revenues

 

$

8,641,000

 

 

$

8,514,000