XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Leasing revenue $ 203,448 $ 197,305 $ 593,061 $ 589,003
Total revenues 220,224 218,152 644,528 645,380
Expenses:        
Leasing expenses 9,862 8,777 29,974 26,880
REIT general and administrative expenses 6,010 5,910 20,649 21,692
Depreciation and amortization 73,299 70,755 213,326 212,596
Total expenses before interest 183,142 178,313 541,202 530,813
Interest (income) expense:        
Interest expense 57,099 53,380 149,054 147,507
Total expenses 240,241 231,693 690,256 678,320
Equity in loss of unconsolidated joint ventures (74,931) (107,465) (205,044) (176,235)
Income tax (expense) benefit (545) (1,672) 421 (161)
(Loss) gain on sale or write down of assets, net (16,605) (149,287) 272,306 (135,229)
Net (loss) income (112,098) (271,965) 21,955 (344,565)
Less: net (loss) income attributable to noncontrolling interests (3,909) (9,418) 4,865 (8,321)
Net (loss) income attributable to the Company $ (108,189) $ (262,547) $ 17,090 $ (336,244)
(Loss) income per common share—attributable to common stockholders:        
Basic (in dollars per share) $ (0.50) $ (1.22) $ 0.08 $ (1.56)
Diluted (in dollars per share) $ (0.50) $ (1.22) $ 0.08 $ (1.56)
Weighted average number of common shares outstanding:        
Basic (in shares) 218,420 215,632 216,884 215,461
Diluted (in shares) 218,420 215,632 216,884 215,461
Related parties        
Revenues:        
Revenue $ 6,709 $ 6,712 $ 19,961 $ 19,883
Interest (income) expense:        
Interest expense 0 3,418 (11,264) (9)
Nonrelated Party        
Interest (income) expense:        
Interest expense 57,099 49,962 160,318 147,516
Other        
Revenues:        
Revenue 9,689 13,403 29,372 34,143
Management Companies        
Revenues:        
Revenue 7,087 7,444 22,095 22,234
Expenses:        
Shopping center and operating expenses 18,843 16,513 57,492 52,852
Management Companies | Related parties        
Revenues:        
Revenue 4,473 4,474 13,156 12,917
Shopping center and operating expenses        
Expenses:        
Shopping center and operating expenses $ 75,128 $ 76,358 $ 219,761 $ 216,793