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Segment Reporting
 3 Months Ended
Mar. 31, 2026
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 the three months ended March 31, 2026 and March 31, 2025:
Three months ended
March 31,
20262025
Property Revenues:
  Rental revenue$138,699 $129,285 
  Other revenues4,675 3,671 
Total Revenues$143,374 $132,956 
Property Operating Expenses:
Advertising and promotion$3,599 $3,022 
Common area maintenance21,217 18,969 
Real estate taxes12,249 10,045 
Other operating expense7,283 7,838 
Total Operating Expenses$44,348 $39,874 
Portfolio Net Operating Income - Consolidated$99,026 $93,082 
Equity in earnings of unconsolidated joint ventures$3,442 $2,399 
Interest expense(19,176)(15,772)
Impairment charges— (4,249)
Other income1,907 217 
Depreciation and amortization(40,352)(37,146)
Other non-property (income) expenses(119)40 
Corporate general and administrative expenses(20,150)(19,016)
Non-cash adjustments2,718 (6)
Lease termination fees2,121 450 
Net Income$29,417 $19,999