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Revenues (Tables)
6 Months Ended
Jun. 30, 2023
Revenues [Abstract]  
Schedule of Rental Revenues

Rental revenues for the three and six months ended June 30, 2023 and 2022, respectively, are comprised of the following:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Base rents

 

$

5,951,000

 

 

$

6,197,000

 

 

$

11,786,000

 

 

$

12,482,000

 

Expense recoveries - variable lease revenue

 

 

1,654,000

 

 

 

2,258,000

 

 

 

3,915,000

 

 

 

4,255,000

 

Percentage rent - variable lease revenue

 

 

117,000

 

 

 

143,000

 

 

 

285,000

 

 

 

266,000

 

Straight-line rents

 

 

271,000

 

 

 

(35,000

)

 

 

461,000

 

 

 

(45,000

)

Above (below) market lease amortization, net

 

 

105,000

 

 

 

161,000

 

 

 

128,000

 

 

 

322,000

 

 

 

 

8,098,000

 

 

 

8,724,000

 

 

 

16,575,000

 

 

 

17,280,000

 

Credit adjustments on operating lease receivables

 

 

155,000

 

 

 

(431,000

)

 

 

319,000

 

 

 

(472,000

)

Total rental revenues

 

$

8,253,000

 

 

$

8,293,000

 

 

$

16,894,000

 

 

$

16,808,000