Note 13 - Concentrations of Credit Risks

12 Months Ended

Dec. 31, 2024

Risks and Uncertainties [Abstract]

Concentrations of Credit Risks

Note 13 – 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, 2024 and 2023.

(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	2024		2023		2024		2023		2024			2023			2024		2023
Maryland	6		6		$	102,795	$	102,723		27.4	%		27.5	%	$	13,746	$	12,486
Virginia (1)	5		5			199,040		198,680		53.1	%		53.1	%		16,046		16,243
Pennsylvania (2)		—		—		—		—		—			—			—		1,501
Washington D.C.	1		1			8,381		8,422		2.2	%		2.3	%		787		594
Colorado	3		3			65,008		64,110		17.3	%		17.1	%		8,231		8,166
	15		15		$	375,224	$	373,935		100.0	%		100.0	%	$	38,810	$	38,990

(1)Rental income for the year ended December 31, 2023 includes $1.2 million of rental income from Spotswood Valley Square Shopping Center, which was sold on June 30, 2023.

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