Note 12 - Concentrations of Credit Risks

12 Months Ended

Dec. 31, 2023

Risks and Uncertainties [Abstract]

Concentrations of Credit Risks

Note 12 – Concentrations of Credit Risks

The following table contains information regarding the geographic concentration of the properties in the Company’s portfolio as of December 31, 2023 and 2022.

(dollars in thousands)	Number of Properties at December 31,			Gross Real Estate Assets at December 31,				Percentage of Total Gross Real Estate Assets at December 31,						Rental income for the year ended December 31,
Location	2023		2022	2023		2022		2023			2022			2023		2022
Maryland	6		6	$	102,723	$	100,335		27.5	%		24.5	%	$	12,486	$	12,896
Virginia (1)	5		6		198,680		210,641		53.1	%		51.4	%		16,243		8,614
Pennsylvania (2)		—	1		—		27,201		0.0	%		6.6	%		1,501		2,325
Washington D.C.	1		1		8,422		8,422		2.3	%		2.0	%		594		706
Colorado	3		3		64,110		63,503		17.1	%		15.5	%		8,166		5,330
	15		17	$	373,935	$	410,102		100.0	%		100.0	%	$	38,990	$	29,871

(1)Rental income includes Spotswood Valley Square Shopping Center, which was sold on June 30, 2023 and had rental income of $1.2 million and $2.4 million for the years ended December 31, 2023 and 2022, respectively.

(2)Rental income related solely to Dekalb Plaza, which was sold on July 20, 2023.