v3.26.1
Segment Information (Tables)
6 Months Ended
Jun. 30, 2026
Segment Information  
Schedule of segment net operating income

Three Months Ended

Six Months Ended

Three Months Ended

Six Months Ended

(in thousands)

 

 

June 30, 2026

 

June 30, 2026

 

June 30, 2025

 

June 30, 2025

Total consolidated revenues

$

26,355

$

52,580

$

26,715

$

53,822

Reconciling items:

Amortization of above/below market leases

 

(1)

(1)

 

Less:

Real estate operating expenses

10,006

20,296

10,701

20,796

Real estate taxes and insurance

4,550

8,793

4,191

9,560

Segment NOI

$

11,798

$

23,490

 

$

11,823

 

$

23,466

Three Months Ended

Six Months Ended

Three Months Ended

Six Months Ended

Reconciliation to Net loss

June 30, 2026

June 30, 2026

June 30, 2025

June 30, 2025

Net loss

 

$

(16,605)

 

$

(26,132)

 

$

(7,876)

 

$

(29,311)

Add (deduct):

Loss on extinguishment of debt

1,267

3

5

(Gain) loss on sale of properties and impairment of assets held for sale, net

 

7,691

 

7,691

 

(384)

 

12,900

Depreciation and amortization

 

10,432

 

21,012

 

10,626

 

21,450

Amortization of above/below market leases

 

(1)

 

(1)

 

 

General and administrative

 

2,401

 

5,070

 

3,281

 

6,765

Interest expense

 

7,987

 

14,799

 

6,339

 

12,030

Interest income

 

(157)

 

(320)

 

(248)

 

(507)

Tax expense

50

104

82

 

134

Segment NOI

 

$

11,798

 

$

23,490

 

$

11,823

 

$

23,466