Quarterly report [Sections 13 or 15(d)]

DISCONTINUED OPERATIONS

v3.26.1
DISCONTINUED OPERATIONS
3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
The Company's sale of its former New Jersey office and hotel portfolio (collectively, the “Office Portfolio”) represented a strategic shift in the Company’s operations. As such, the results of these sold properties are classified as discontinued operations for all periods presented.
The following table summarizes income from discontinued operations for the three months ended March 31, 2025 (dollars in thousands):
Three Months Ended
March 31,
2025
Total Revenues $ 141
Operating and other expenses, net (a) (5)
Income (loss) from discontinued operations 136