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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents information on the Company’s reported segment revenue, net operating income, and significant segment expenses that are provided to the CODM and included within the Company’s single reportable operating segment measure of profit or loss:

			Year Ended December 31,
			2024						2023						2022
Revenue:
Minimum rent			$	650,331					$	642,255					$	620,847
Tenant reimbursements			174,510						163,877						161,594
Bad debt reserve			(5,356)						(3,459)						(6,027)
Other property-related revenue			8,787						6,416						8,756
Overage rent			7,063						7,473						5,935
Total revenue			835,335						816,562						791,105
Expenses:
Property operating – recoverable			96,894						90,180						91,295
Property operating – non-recoverable			15,455						16,348						14,400
Real estate taxes			103,301						101,780						103,759
Total expenses			215,650						208,308						209,454
Net operating income			619,685						608,254						581,651
Other (expense) income:
Other general and administrative expenses			(52,558)						(56,142)						(54,860)
Fee income			4,663						4,366						8,539
Impairment charges			(66,201)						(477)						—
Depreciation and amortization			(393,335)						(426,361)						(469,805)
Merger and acquisition costs			—						—						(925)
Interest expense			(125,691)						(105,349)						(104,276)
Equity in (loss) earnings of unconsolidated subsidiaries			(1,158)						33						256
Gain on sale of unconsolidated property, net			2,325						—						—
Income tax expense of taxable REIT subsidiaries			(139)						(533)						(43)
Loss on extinguishment of debt			(180)						—						—
Other income, net			17,869						1,991						240
(Loss) gain on sales of operating properties, net			(864)						22,601						27,069
Net income (loss)			4,416						48,383						(12,154)
Net income attributable to noncontrolling interests			(345)						(885)						(482)
Net income (loss) attributable to common shareholders			$	4,071					$	47,498					$	(12,636)

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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