Quarterly report [Sections 13 or 15(d)]

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

v3.25.2
Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)
 6 Months Ended
Jun. 30, 2025
Real Estate [Abstract]  
Schedule of Properties Disposed During the six months ended June 30, 2025, we sold one non-core property, located in Hickory, North Carolina, which is summarized in the table below (dollars in thousands):
Aggregate Square Footage Sold Aggregate Sales Price Aggregate Sales Costs Aggregate Gain on Sale of Real Estate, net
60,000  $ 5,050  $ 310  $ 377 
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 six months ended June 30, 2025 and 2024 (dollars in thousands):
For the three months ended June 30, For the six months ended June 30,
2025 2024 2025 2024
Operating revenue $ —  $ 279  $ 291  $ 558 
Operating expense —  60  19  145 
Other income (expense), net 377  (1) —  377  (1) — 
Income (expense) from real estate and related assets sold $ 377  $ 219  $ 649  $ 413 

(1)Includes a $0.4 million gain on sale of real estate, net, from one property sale.
Schedule of Components of Assets and Liabilities Held for Sale
The table below summarizes the components of the assets and liabilities held for sale at June 30, 2025 and December 31, 2024, reflected on the accompanying condensed consolidated balance sheets (dollars in thousands):

June 30, 2025 December 31, 2024
Assets Held for Sale
Total real estate held for sale $ 2,801  $ 4,337 
Lease intangibles, net —  26 
Total Assets Held for Sale $ 2,801  $ 4,363