Impairments (Tables)

12 Months Ended

Dec. 31, 2024

Impairments [Abstract]

Asset Impairment Charges

The Company’s efforts to market certain assets and management’s assessment as to the likelihood and timing of such potential transactions and/or the property hold period resulted in the Company recognizing impairment charges for the years ended December 31, 2024, 2023 and 2022 as follows (in millions):

	2024		2023		2022
Properties marketed for sale (1) (2)	$	4.5	$	14.0	$	21.6
Other impairments		-		-		0.4
Total impairment charges	$	4.5	$	14.0	$	22.0

(1)Amounts relate to adjustments to property carrying values for properties which the Company has marketed for sale and as such has adjusted the anticipated hold periods for such properties. The Company’s estimated fair values of these assets were primarily based upon estimated sales prices from signed contracts or letters of intent from third-party offers, which were less than the carrying value of the assets.

(2)Includes impairment charges of $19.2 million, before noncontrolling interests of $16.0 million, related to five properties during the year ended December 31, 2022.