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Note 3 - Real Estate
 9 Months Ended
Sep. 30, 2024
Real Estate [Abstract]  
Real Estate

Note 3 – Real Estate

Concentrations of Credit Risks

The following table contains information regarding the geographic concentration of the properties in the Company’s portfolio as of September 30, 2024, which includes rental income for the nine months ended September 30, 2024 and 2023.

(dollars in thousands)

 

Number
of
Properties

 

Gross Real Estate Assets

 

 

Percentage of Total Real Estate Assets

 

 

Rental income for the nine months ended September 30,

 

Location

 

September 30, 2024

 

September 30, 2024

 

 

September 30, 2024

 

 

2024

 

 

2023

 

Maryland

 

6

 

$

102,462

 

 

 

27.4

%

 

$

9,927

 

 

$

9,214

 

Virginia (1)

 

5

 

 

198,676

 

 

 

53.0

%

 

 

11,754

 

 

 

12,395

 

Pennsylvania (2)

 

―

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,501

 

Washington D.C.

 

1

 

 

8,380

 

 

 

2.2

%

 

 

596

 

 

 

438

 

Colorado

 

3

 

 

65,020

 

 

 

17.4

%

 

 

6,155

 

 

 

6,123

 

 

15

 

$

374,538

 

 

 

100.0

%

 

$

28,432

 

 

$

29,671

 

 

(1)
Rental income for the nine months ended September 30, 2023 includes $1.2 million of rental income from Spotswood Valley Square Shopping Center, which was sold on June 30, 2023.
Rental income related solely to Dekalb Plaza, which was sold on July 20, 2023.