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Segment Reporting
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We focus on developing, acquiring, owning, operating, and managing shopping centers. We consider each shopping center an operating segment. We aggregate the financial information of all centers into one reportable segment because the centers all have similar economic characteristics and provide similar products and services to similar types and classes of customers and tenants.

Our Chief Operating Decision Maker (“CODM”), the President and Chief Executive Officer, reviews operating and financial information using Net Operating Income ("NOI") as the key measure to assess performance and allocate resources. The CODM also uses NOI and its components to monitor budget versus actual results. Our resources are allocated by evaluating the operating results of the business as well as considering capital needs and future projections, and deploying them across the various business functions as deemed necessary while ensuring the uses align with our overall business strategy.

The following table provides the components of Portfolio Net Operating Income, a non-GAAP metric, related to our business for three and nine months ended September 30, 2025 and September 30, 2024:
Three months endedNine months ended
September 30,September 30,
2025202420252024
Property Revenues:
  Rental revenue$137,225 $125,221 $399,945 $365,349 
  Other revenues5,476 5,295 14,168 12,884 
Total Revenues$142,701 $130,516 $414,113 $378,233 
Property Operating Expenses:
Advertising and promotion$5,079 $4,923 $11,767 $12,160 
Common area maintenance18,236 16,703 53,818 49,113 
Real estate taxes10,238 8,883 30,692 26,560 
Other operating expense9,862 7,985 26,471 20,142 
Total Operating Expenses$43,415 $38,494 $122,748 $107,975 
Portfolio Net Operating Income - Consolidated$99,286 $92,022 $291,365 $270,258 
Equity in earnings of unconsolidated joint ventures$4,221 $2,312 $9,654 $7,803 
Interest expense(16,439)(15,493)(48,610)(45,546)
Impairment charges— — (4,249)— 
Other income(116)(52)75 755 
Depreciation and amortization(37,103)(35,376)(110,857)(103,410)
Other non-property (income) expenses323 199 831 1,000 
Corporate general and administrative expenses(18,614)(18,231)(56,622)(56,556)
Non-cash adjustments1,705 214 2,284 (28)
Lease termination fees85 335 806 875 
Net Income$33,348 $25,930 $84,677 $75,151