Quarterly report pursuant to Section 13 or 15(d)

Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)

v3.22.2.2
Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)
9 Months Ended
Sep. 30, 2022
Real Estate [Abstract]  
Summary of Sold Properties During the nine months ended September 30, 2022, we sold three non-core properties, located in Jupiter, Florida, Parsippany, New Jersey, and Boston Heights, Ohio.
Aggregate Square Footage Sold Aggregate Sales Price Aggregate Sales Costs Aggregate Impairment Charge for the Nine Months Ended September 30, 2022 Aggregate Gain on Sale of Real Estate, net
145,111  $ 28,000  $ 1,153  $ 1,374  $ 8,902 
Schedule of Components of Operating Income from Real Estate and Related Assets Disposed
The table below summarizes the components of operating income from the real estate and related assets disposed of during the three and nine months ended September 30, 2022 and 2021 (dollars in thousands):

For the three months ended September 30, For the nine months ended September 30,
2022 2021 2022 2021
Operating revenue $ 3,505  $ 730  $ 4,961  $ 2,442 
Operating expense 51  442  2,215  1,506 
Other income (expense), net 8,902  (1) (36) 8,857  (1) 42 
Income from real estate and related assets sold $ 12,356  $ 252  $ 11,603  $ 978 
(1)Includes an $8.9 million gain on sale of real estate, net, on three property sales.
Schedule Of Real Estate Owned Held For Sale
The table below summarizes the components of the assets and liabilities held for sale at September 30, 2022 reflected on the accompanying condensed consolidated balance sheets (dollars in thousands):

September 30, 2022
Assets Held for Sale
Total real estate held for sale $ 9,979 
Lease intangibles, net 680 
Deferred rent receivable, net 775 
Total Assets Held for Sale $ 11,434 
Liabilities Held for Sale
Asset retirement obligation $ 16 
Total Liabilities Held for Sale $ 16