XML 19 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Leasing revenue $ 809,023 $ 800,548 $ 787,547
Total revenues 884,068 859,164 847,437
Expenses:      
Leasing expense 36,423 32,670 24,838
REIT general and administrative expenses 29,238 27,164 30,056
Depreciation and amortization 282,361 291,612 311,129
Total expenses before interest 706,489 709,129 722,069
Interest (income) expense:      
Related parties 172,920 216,851 192,679
(Gain) loss on extinguishment of debt (8,208) 0 1,007
Total expenses 871,201 925,980 915,755
Equity in (loss) income of unconsolidated joint ventures (156,937) (5,256) 15,689
Income tax benefit (expense) 494 (705) (6,948)
(Loss) gain on sale or write down of assets, net (134,523) 7,698 75,740
Net (loss) income (278,099) (65,079) 16,163
Less net (loss) income attributable to noncontrolling interests (4,034) 989 1,900
Net (loss) income attributable to the Company $ (274,065) $ (66,068) $ 14,263
Earnings per common share attributable to common stockholders:      
Basic (in dollars per share) $ (1.28) $ (0.31) $ 0.07
Diluted (in dollars per share) $ (1.28) $ (0.31) $ 0.07
Weighted average number of common shares outstanding:      
Basic (in shares) 215,548 215,031 198,070
Diluted (in shares) 215,548 215,031 198,070
Related parties      
Revenues:      
Revenues $ 27,345 $ 26,236 $ 23,830
Interest (income) expense:      
Related parties (24,206) 34,735 (3,718)
Other      
Interest (income) expense:      
Related parties 197,126 182,116 196,397
Other      
Revenues:      
Revenues 44,860 30,104 33,867
Management Companies      
Revenues:      
Revenues 30,185 28,512 26,023
Expenses:      
Shopping center and operating expenses 70,060 67,799 61,030
Management Companies | Related parties      
Revenues:      
Revenues 18,144 18,208 17,872
Shopping center and operating expenses      
Expenses:      
Shopping center and operating expenses $ 288,407 $ 289,884 $ 295,016