Quarterly report [Sections 13 or 15(d)]

DISCONTINUED OPERATIONS

v3.25.3
DISCONTINUED OPERATIONS
 9 Months Ended
Sep. 30, 2025
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 and the related realized gain (loss) on disposition of rental property, net, for the three and nine months ended September 30, 2025 and 2024 (dollars in thousands):
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2025 2024 2025 2024
Total Revenues $ (659) $ (11) $ (518) $ 2,711
Operating and other expenses, net (a) 4,441  217  4,409  (428)
Depreciation and amortization —  —  —  (668)
Equity in earnings of unconsolidated joint ventures —  —  —  262 
Income (loss) from discontinued operations 3,782 206 3,891 1,877
Realized gain (loss), net —  —  —  1,548
Total discontinued operations, net $ 3,782 $ 206 $ 3,891 $ 3,425
(a)