Annual report pursuant to Section 13 and 15(d)

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

v3.22.4
Real Estate Dispositions, Held for Sale, and Impairment Charges (Tables)
 12 Months Ended
Dec. 31, 2022
Real Estate [Abstract]  
Summary Properties Sold During the year ended December 31, 2022, we sold five non-core properties, located in Jupiter, Florida, Parsippany, New Jersey, Boston Heights, Ohio, Columbus, Ohio, and Allen, Texas which are summarized in the table below (dollars in thousands):
Aggregate Square Footage Sold Aggregate Sales Price Aggregate Sales Costs Aggregate Impairment Charge for the Twelve Months Ended December 31, 2022 Aggregate Gain on Sale of Real Estate, net
291,604  $ 41,270  $ 1,771  $ 1,374  $ 10,052 
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 years ended December 31, 2022, 2021, and 2020, respectively (dollars in thousands):

  For the year ended December 31,
  2022 2021 2020
Operating revenue $ 5,732  $ 5,211  $ 6,494 
Operating expense 3,740  (1) 4,412  4,015 
Other income (expense), net 9,766  (2) (244) (740)
Income from real estate and related assets sold $ 11,758  $ 555  $ 1,739 
(1)Includes a $1.4 million impairment charge.
(2)Includes a $10.1 million gain on sale of real estate, net, from five property sales.
Components of Assets and Liabilities Held for Sale
The table below summarizes the components of the assets held for sale at December 31, 2022 reflected on the accompanying consolidated balance sheet (dollars in thousands):

December 31, 2022
Assets Held for Sale
Total real estate held for sale $ 3,013 
Total Assets Held for Sale $ 3,013