| Schedule of sales of real estate |
The following table details the Company’s sales of real estate during the nine months ended September 30, 2026 and 2025 (amounts in thousands): | | | | | | | | | | | | | | | | | | Gross | | Gain (Loss) on Sale | | Description of Property | | City, State | | Date Sold | | Sales Price | | of Real Estate, Net | | Vacant retail property | | Cary, North Carolina | | March 13, 2026 | | $ | 6,000 | | $ | 2,518 | | Havertys retail property | | Newport News, Virginia | | March 31, 2026 | | | 4,200 | | | 1,358 | | Advance Auto Parts retail property | | South Euclid, Ohio | | April 16, 2026 | | | 1,483 | | | 118 | | Multi-tenant retail property | | Champaign, Illinois | | May 5, 2026 | | | 7,498 | | | 3,326 | | Multi-tenant retail property | | El Paso, Texas | | June 1, 2026 | | | 17,500 | | | 9,989 | | Men's Wearhouse retail property | | Monroeville, Pennsylvania | | July 28, 2026 | | | 2,050 | | | 887 | | TVI, Inc. retail property | | Chicago, Illinois | | September 30, 2026 | | | 5,700 | | | — | (a) | Totals for the nine months ended September 30, 2026 | $ | 44,431 | (b) | $ | 18,196 | (c) | | | | | | | | | | | | | Land and improvements (d) | | Lakewood, Colorado | | January 16, 2025 | | $ | 400 | | $ | (44) | (d) | Hooters restaurant property | | Concord, North Carolina | | January 21, 2025 | | | 3,253 | | | 1,154 | | Multi-tenant retail stores (d) | | Lakewood, Colorado | | June 23, 2025 | | | 17,900 | | | 3,276 | (d) | Total Wine retail property | | Greensboro, North Carolina | | June 25, 2025 | | | 4,709 | | | 2,232 | | La-Z-Boy retail property | | Gurnee, Illinois | | June 27, 2025 | | | 4,368 | | | 1,023 | | Land parcel (d) | | Lakewood, Colorado | | July 15, 2025 | | | 3,457 | | | 2,849 | (d) | Office Depot retail property | | Eugene, Oregon | | August 1, 2025 | | | 6,000 | | | 2,497 | | Blue Pearl Veterinary hospital | | Newark, Delaware | | September 8, 2025 | | | 6,774 | | | 3,236 | | Vacant retail property | | Bolingbrook, Illinois | | September 25, 2025 | | | 2,600 | | | 489 | | Totals for the nine months ended September 30, 2025 | $ | 49,461 | (e) | $ | 16,712 | (f) |
| (a) | See discussion below regarding impairment losses recognized in connection with the sale of this property. |
| (b) | In connection with these sales, the Company paid off mortgages in an aggregate of $9,066. |
| (c) | As a result of these sales, the Company wrote-off, as a reduction to Gain on sale of real estate, net, an aggregate of $643 of unbilled rent receivables, $172 of net unamortized intangible lease assets and liabilities and $532 of other assets and receivables. |
| (d) | These parcels were part of a property which was owned by a consolidated joint venture in which the Company held a 90% interest. The non-controlling interest’s share of the net gain on these sales was $1,609. |
| (e) | In connection with these sales, the Company paid off mortgages in an aggregate of $6,773. |
| (f) | As a result of these sales, the Company wrote-off, as a reduction to Gain on sale of real estate, net, an aggregate of $1,125 of unbilled rent receivables, $67 of net unamortized intangible lease assets and liabilities and $703 of other assets and receivables. |
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| Schedule of properties held-for-sale |
In July 2026, the Company entered into contracts to sell the following properties which were classified as Properties held-for-sale on the consolidated balance sheet as of September 30, 2026 (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | Gross | | Estimated Gain | | | | | | | | | Sales | | on Sale of Real | Description of Property | | City, State | | Held-for-Sale (a) | | Date Sold | | Price | | Estate, net (b) | Office Depot retail property | | El Paso, Texas | | August 24, 2026 | | October 21, 2026 | | $ | 4,308 | | $ | 1,600 | HD Supply & Archway Roofing industrial properties | | Louisville, Kentucky | | September 11, 2026 | | October 20, 2026 | | | 9,163 | | | 4,280 |
| (a) | The Company has determined the held-for-sale criteria has been met as the buyers’ right to terminate the contracts without penalty expired on these dates. |
| (b) | Such estimated gains are anticipated to be recognized as Gain on sale of real estate, net, in the consolidated statement of income for the year ending December 31, 2026. |
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| Schedule of sales subsequent to September 30, 2026 |
In August 2026 and October 2026, the Company entered into contracts to sell the following properties: | | | | | | | | | | | | | | | | | | | | | Gross | | Estimated Gain | | | | | | | | | Sales | | on Sale of Real | Description of Property | | City, State | | Held-for-Sale (a) | | Date Sold | | Price | | Estate, net (b) | Havertys retail property | | Austin, Texas | | October 2, 2026 | | November 2, 2026 | | $ | 6,550 | | $ | 1,008 | Havertys retail property | | Amarillo, Texas | | October 8, 2026 | | October 28, 2026 | | | 5,050 | | | 1,760 |
| (a) | The Company has determined the held-for-sale criteria has been met as the buyers’ right to terminate the contracts without penalty expired on these dates. |
| (b) | Such estimated gains are anticipated to be recognized as Gain on sale of real estate, net, in the consolidated statement of income for the year ending December 31, 2026. |
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