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Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2014
Segment Reporting [Abstract] |
Business Segments |
(Dollars in thousands) | Shopping Centers |  | Mixed-Use Properties |  | Corporate and Other |  | Consolidated Totals
Three months ended September 30, 2014 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 37,506 |  |  | $ | 13,066 |  |  | $ | 23 |  |  | $ | 50,595 |
Expenses | (8,088 | ) |  | (3,992 | ) |  | — |  |  | (12,080 | )
Income from real estate | 29,418 |  |  | 9,074 |  |  | 23 |  |  | 38,515 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (11,584 | ) |  | (11,584 | )
General and administrative | — |  |  | — |  |  | (3,837 | ) |  | (3,837 | )
Acquisition related costs | (359 | ) |  | — |  |  | — |  |  | (359 | )
Predevelopment expenses | — |  |  | — |  |  | — |  |  | — |
Subtotal | 29,059 |  |  | 9,074 |  |  | (15,398 | ) |  | 22,735 |
Depreciation and amortization of deferred leasing costs | (7,055 | ) |  | (3,201 | ) |  | — |  |  | (10,256 | )
Gain on sale of property | — |  |  | — |  |  | — |  |  | — |
Change in fair value of derivatives | — |  |  | — |  |  | 1 |  |  | 1 |
Net income (loss) | $ | 22,004 |  |  | $ | 5,873 |  |  | $ | (15,397 | ) |  | $ | 12,480 |
Capital investment | $ | 31,541 |  |  | $ | 6,026 |  |  | $ | — |  |  | $ | 37,567 |
Total assets | $ | 942,441 |  |  | $ | 301,043 |  |  | $ | 15,044 |  |  | $ | 1,258,528 |
Three months ended September 30, 2013 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 36,486 |  |  | $ | 13,257 |  |  | $ | 13 |  |  | $ | 49,756 |
Expenses | (7,732 | ) |  | (4,175 | ) |  | — |  |  | (11,907 | )
Income from real estate | 28,754 |  |  | 9,082 |  |  | 13 |  |  | 37,849 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (11,738 | ) |  | (11,738 | )
General and administrative | — |  |  | — |  |  | (3,501 | ) |  | (3,501 | )
Acquisition related costs | (99 | ) |  | — |  |  | — |  |  | (99 | )
Predevelopment expenses | — |  |  | (60 | ) |  | — |  |  | (60 | )
Subtotal | 28,655 |  |  | 9,022 |  |  | (15,226 | ) |  | 22,451 |
Depreciation and amortization of deferred leasing costs | (6,785 | ) |  | (3,707 | ) |  | — |  |  | (10,492 | )
Change in fair value of derivatives | — |  |  | — |  |  | 46 |  |  | 46 |
Loss on early extinguishment of debt | — |  |  | — |  |  | (497 | ) |  | (497 | )
Net income (loss) | $ | 21,870 |  |  | $ | 5,315 |  |  | $ | (15,677 | ) |  | $ | 11,508 |
Capital investment | $ | 8,025 |  |  | $ | 706 |  |  | $ | — |  |  | $ | 8,731 |
Total assets | $ | 892,716 |  |  | $ | 294,149 |  |  | $ | 12,307 |  |  | $ | 1,199,172 |
(Dollars in thousands) | Shopping Centers |  | Mixed-Use Properties |  | Corporate and Other |  | Consolidated Totals
Nine months ended September 30, 2014 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 116,381 |  |  | $ | 39,389 |  |  | $ | 58 |  |  | $ | 155,828 |
Expenses | (25,580 | ) |  | (11,570 | ) |  | — |  |  | (37,150 | )
Income from real estate | 90,801 |  |  | 27,819 |  |  | 58 |  |  | 118,678 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (34,537 | ) |  | (34,537 | )
General and administrative | — |  |  | — |  |  | (12,540 | ) |  | (12,540 | )
Acquisition related costs | (738 | ) |  | — |  |  | — |  |  | (738 | )
Predevelopment expenses | — |  |  | (503 | ) |  | — |  |  | (503 | )
Subtotal | 90,063 |  |  | 27,316 |  |  | (47,019 | ) |  | 70,360 |
Depreciation and amortization of deferred leasing costs | (20,863 | ) |  | (9,882 | ) |  | — |  |  | (30,745 | )
Gain on sale of property | 6,069 |  |  | — |  |  | — |  |  | 6,069 |
Change in fair value of derivatives | — |  |  | — |  |  | (6 | ) |  | (6 | )
Net income (loss) | $ | 75,269 |  |  | $ | 17,434 |  |  | $ | (47,025 | ) |  | $ | 45,678 |
Capital investment | $ | 55,865 |  |  | $ | 14,047 |  |  | $ | — |  |  | $ | 69,912 |
Total assets | $ | 942,441 |  |  | $ | 301,043 |  |  | $ | 15,044 |  |  | $ | 1,258,528 |
Nine months ended September 30, 2013 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 108,282 |  |  | $ | 39,412 |  |  | $ | 57 |  |  | $ | 147,751 |
Expenses | (22,709 | ) |  | (12,933 | ) |  | — |  |  | (35,642 | )
Income from real estate | 85,573 |  |  | 26,479 |  |  | 57 |  |  | 112,109 |
Interest expense and amortization of deferred debt costs | — |  |  | — |  |  | (35,164 | ) |  | (35,164 | )
General and administrative | — |  |  | — |  |  | (10,830 | ) |  | (10,830 | )
Acquisition related costs | (99 | ) |  | — |  |  | — |  |  | (99 | )
Predevelopment expenses | — |  |  | (3,642 | ) |  | — |  |  | (3,642 | )
Subtotal | 85,474 |  |  | 22,837 |  |  | (45,937 | ) |  | 62,374 |
Depreciation and amortization of deferred leasing costs | (20,527 | ) |  | (18,789 | ) |  | — |  |  | (39,316 | )
Change in fair value of derivatives | — |  |  | — |  |  | 107 |  |  | 107 |
Loss on early extinguishment of debt | — |  |  | — |  |  | (497 | ) |  | (497 | )
Net income (loss) | $ | 64,947 |  |  | $ | 4,048 |  |  | $ | (46,327 | ) |  | $ | 22,668 |
Capital investment | $ | 13,829 |  |  | $ | 6,278 |  |  | $ | — |  |  | $ | 20,107 |
Total assets | $ | 892,716 |  |  | $ | 294,149 |  |  | $ | 12,307 |  |  | $ | 1,199,172 |

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