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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Leasing revenue $ 197,961 $ 192,653 $ 389,613 $ 391,698
Total revenues 215,521 212,374 424,304 427,228
Expenses:        
Leasing expenses 9,590 8,447 20,112 18,103
REIT general and administrative expenses 6,996 8,802 14,639 15,782
Depreciation and amortization 71,676 70,388 140,027 141,841
Total expenses before interest 178,158 175,024 358,060 352,500
Interest (income) expense:        
Interest expense 39,765 54,704 91,955 94,127
Total expenses 217,923 229,728 450,015 446,627
Equity in loss of unconsolidated joint ventures (56,837) (6,960) (130,113) (68,770)
Income tax (expense) benefit (258) (371) 966 1,511
Gain on sale or write down of assets, net 324,996 10,279 288,911 14,058
Net income (loss) 265,499 (14,406) 134,053 (72,600)
Less: net income attributable to noncontrolling interests 13,492 558 8,774 1,097
Net income (loss) attributable to the Company $ 252,007 $ (14,964) $ 125,279 $ (73,697)
Income (loss) per common share—attributable to common stockholders:        
Basic (in dollars per share) $ 1.16 $ (0.07) $ 0.58 $ (0.34)
Diluted (in dollars per share) $ 1.16 $ (0.07) $ 0.58 $ (0.34)
Weighted average number of common shares outstanding:        
Basic (in shares) 216,180 215,457 216,108 215,375
Diluted (in shares) 216,180 215,457 216,108 215,375
Related parties        
Revenues:        
Revenue $ 6,232 $ 6,913 $ 13,252 $ 13,172
Interest (income) expense:        
Interest expense (15,701) 5,980 (11,264) (3,427)
Nonrelated Party        
Interest (income) expense:        
Interest expense 55,466 48,724 103,219 97,554
Other        
Revenues:        
Revenue 10,781 11,686 19,683 20,740
Management Companies        
Revenues:        
Revenue 6,779 8,035 15,008 14,790
Expenses:        
Shopping center and operating expenses 19,450 17,439 38,649 36,339
Management Companies | Related parties        
Revenues:        
Revenue 4,235 4,224 8,683 8,444
Shopping center and operating expenses        
Expenses:        
Shopping center and operating expenses $ 70,446 $ 69,948 $ 144,633 $ 140,435