v3.25.2
Revenues and Tenant Receivables
6 Months Ended
Jun. 30, 2025
Revenues [Abstract]  
Revenues and Tenant Receivables Revenues and Tenant Receivables
Tenant Receivables
As of June 30, 2025 and December 31, 2024, the Company's allowance for uncollectible tenant receivables totaled $0.1 million and $0.3 million, respectively. At each of June 30, 2025 and December 31, 2024, there was $4.3 million and $4.1 million, respectively, in unbilled straight-line rent, which is included in "Receivables, net".
Revenues
Revenues are comprised of the following:
Three months ended June 30,Six months ended June 30,
2025202420252024
Base rents$4,957,000 $6,207,000 $10,122,000 $12,391,000 
Tenant reimbursements - variable lease revenue1,930,000 1,998,000 3,927,000 4,270,000 
Percentage rents - variable lease revenue94,000 84,000 185,000 163,000 
Straight-line rents141,000 9,000 424,000 67,000 
Above (below) market lease amortization, net46,000 61,000 91,000 136,000 
Other256,000 241,000 279,000 291,000 
7,424,000 8,600,000 15,028,000 17,318,000 
Credit adjustments on operating lease receivables31,000 11,000 (158,000)58,000 
Total revenues$7,455,000 $8,611,000 $14,870,000 $17,376,000