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SEGMENT REPORTING (Tables) | 9 Months Ended
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Sep. 30, 2025
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 for the three and nine months ended September 30, 2025 and 2024 that are provided to the CODM and included within the Company’s single reportable operating segment measure of profit or loss:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenue: |  |  |  |  |  |  |
Minimum rent | $ | 159,365 |  |  | $ | 162,695 |  |  | $ | 499,318 |  |  | $ | 485,348 |
Tenant reimbursements | 43,666 |  |  | 42,453 |  |  | 134,982 |  |  | 130,452 |
Bad debt reserve | (2,119) |  |  | (1,468) |  |  | (5,820) |  |  | (3,601) |
Other property-related revenue | 985 |  |  | 1,402 |  |  | 3,495 |  |  | 3,086 |
Overage rent | 1,281 |  |  | 1,253 |  |  | 4,067 |  |  | 4,383 |
Total revenue | 203,178 |  |  | 206,335 |  |  | 636,042 |  |  | 619,668 |
Expenses: |  |  |  |  |  |  |
Property operating – recoverable | 24,038 |  |  | 23,961 |  |  | 74,685 |  |  | 71,981 |
Property operating – non-recoverable | 4,131 |  |  | 3,469 |  |  | 11,492 |  |  | 11,483 |
Real estate taxes | 25,459 |  |  | 25,083 |  |  | 79,555 |  |  | 77,806 |
Total expenses | 53,628 |  |  | 52,513 |  |  | 165,732 |  |  | 161,270 |
Net operating income | 149,550 |  |  | 153,822 |  |  | 470,310 |  |  | 458,398 |
Other (expense) income: |  |  |  |  |  |  |
Net gains from outlot sales | 6,096 |  |  | — |  |  | 6,096 |  |  | 1,858 |
Other general and administrative expenses | (14,183) |  |  | (13,259) |  |  | (39,831) |  |  | (39,009) |
Fee income | 1,291 |  |  | 455 |  |  | 2,569 |  |  | 4,222 |
Impairment charges | (39,305) |  |  | — |  |  | (39,305) |  |  | (66,201) |
Depreciation and amortization | (89,370) |  |  | (96,656) |  |  | (285,488) |  |  | (296,326) |
Interest expense | (33,162) |  |  | (31,640) |  |  | (100,168) |  |  | (92,985) |
Equity in loss of unconsolidated subsidiaries | (4,619) |  |  | (607) |  |  | (8,464) |  |  | (1,201) |
Gain on sale of unconsolidated property, net | — |  |  | — |  |  | — |  |  | 2,325 |
Income tax expense of taxable REIT subsidiaries | (106) |  |  | (35) |  |  | (315) |  |  | (325) |
Other income, net | 1,656 |  |  | 4,371 |  |  | 6,194 |  |  | 12,294 |
Gain (loss) on sales of operating properties, net | 5,742 |  |  | 602 |  |  | 108,855 |  |  | (864) |
Net (loss) income | (16,410) |  |  | 17,053 |  |  | 120,453 |  |  | (17,814) |
Net loss (income) attributable to noncontrolling interests | 203 |  |  | (324) |  |  | (2,612) |  |  | 61 |
Net (loss) income attributable to common shareholders | $ | (16,207) |  |  | $ | 16,729 |  |  | $ | 117,841 |  |  | $ | (17,753) |

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- 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 + Details
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