v3.26.1
Business Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of NOI and Total Assets of Reportable Segments
The following tables summarize NOI and total assets for each of our reportable segments:
ShoppingMixed-Use
(In thousands)CentersPropertiesTotal
As of or for the three months ended June 30, 2026
Revenue:
Total property revenue$47,798 $26,558 $74,356 
Revenue adjustments (1)
2,435 
Total revenue$76,791 
Expenses:
Real estate taxes(5,199)(3,612)
Repairs and maintenance(3,005)(2,333)
Other expenses (2)
(3,039)(5,175)
Property net operating income$36,555 $15,438 $51,993 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(20,034)
Depreciation and amortization of deferred leasing costs(16,038)
General and administrative(6,810)
Revenue adjustments (1)2,435 
Net income$11,546 
Capital investment$6,028 $3,019 $9,047 
Total assets per segment$897,144 $1,251,243 $2,148,387 
Other assets (3)
11,083 
Total assets$2,159,470 
As of or for the three months ended June 30, 2025
Revenue:
Total property revenue$45,578 $22,517 $68,095 
Revenue adjustments (1)2,739 
Total revenue$70,834 
Expenses:
Real estate taxes(4,740)(3,276)
Repairs and maintenance(2,842)(1,911)
Other expenses (2)(2,700)(3,971)
Property net operating income$35,296 $13,359 $48,655 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(16,820)
Depreciation and amortization of deferred leasing costs(14,098)
General and administrative(6,415)
Revenue adjustments (1)2,739 
Gain on disposition of property
120 
Net income $14,181 
Capital investment$5,742 $24,342 $30,084 
Total assets per segment$897,651 $1,232,684 $2,130,335 
Other assets (3)9,349 
Total assets$2,139,684 
(1)    Revenue adjustments are straight-line base rent and amortization of premiums and discounts related to above/below market leases.
(2)    Other expenses include payroll, utilities, insurance, legal, parking, advertising, and other.
(3)    Other assets include cash, cash equivalents, restricted cash, swap assets and an operating lease right-of-use-asset.

ShoppingMixed-Use
(In thousands)CentersPropertiesTotal
As of or for the six months ended June 30, 2026
Revenue:
Total property revenue$97,596 $52,612 $150,208 
Revenue adjustments (1)
4,842 
Total revenue$155,050 
Expenses:
Real estate taxes(10,323)(6,952)
Repairs and maintenance(7,956)(4,556)
Other expenses (2)
(6,284)(10,495)
Property net operating income$73,033 $30,609 $103,642 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(39,684)
Depreciation and amortization of deferred leasing costs(31,954)
General and administrative(13,257)
Revenue adjustments (1)4,842 
Net income$23,589 
Capital investment$9,079 $6,977 $16,056 
Total assets per segment$897,144 $1,251,243 $2,148,387 
Other assets (3)
11,083 
Total assets$2,159,470 
As of or for the six months ended June 30, 2025
Revenue:
Total property revenue$93,576 $44,019 $137,595 
Revenue adjustments (1)5,095 
Total revenue$142,690 
Expenses:
Real estate taxes(9,588)(6,412)
Repairs and maintenance(8,144)(3,673)
Other expenses (2)(5,275)(8,074)
Property net operating income$70,569 $25,860 $96,429 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(33,567)
Depreciation and amortization of deferred leasing costs(28,621)
General and administrative(12,427)
Revenue adjustments (1)5,095 
Gain on disposition of property
120 
Net income $27,029 
Capital investment$10,126 $44,442 $54,568 
Total assets per segment$897,651 $1,232,684 $2,130,335 
Other assets (3)9,349 
Total assets$2,139,684 
(1)    Revenue adjustments are straight-line base rent and amortization of premiums and discounts related to above/below market leases.
(2)    Other expenses include payroll, utilities, insurance, legal, parking, advertising, and other.
(3)    Other assets include cash, cash equivalents, restricted cash, swap assets and an operating lease right-of-use asset.