Quarterly report [Sections 13 or 15(d)]

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

v3.25.3
Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)
 9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Schedule of Properties Disposed During the nine months ended September 30, 2025, we sold two non-
core properties, located in Hickory, North Carolina and Oklahoma City, Oklahoma, which is summarized in the table below (dollars in thousands):

Aggregate Square Footage Sold Aggregate Sales Price Aggregate Sales Costs Aggregate Impairment Charge for the Nine Months Ended September 30, 2025 Aggregate Gain on Sale of Real Estate, net
116,000  $ 8,025  $ 487  $ 9  $ 367 
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, 2025 and 2024 (dollars in thousands):

For the three months ended September 30, For the nine months ended September 30,
2025 2024 2025 2024
Operating revenue $ —  $ 279  $ 291  $ 995 
Operating expense (2) 130  184  (2) 1,190 
Other income (expense), net (10) (1) —  367  (3) — 
Income (expense) from real estate and related assets sold $ (8) $ 149  $ 474  $ (195)

(1)Includes a $0.01 million loss on sale of real estate, net, from one property sale.
(2)Includes a $0.01 million impairment charge on one property.
(3)Includes a $0.4 million gain on sale of real estate, net, from two property sales.
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 December 31, 2024, reflected on the accompanying condensed consolidated balance sheets (dollars in thousands):

December 31, 2024
Assets Held for Sale
Total real estate held for sale $ 4,337 
Lease intangibles, net 26 
Total Assets Held for Sale $ 4,363