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Business Segments
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Business Segments
Business Segments
The Company has two reportable business segments: Shopping Centers and Mixed-Use Properties. The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates performance based upon income and cash flows from real estate of the combined properties in each segment. All of our properties within each segment generate similar types of revenues and expenses related to tenant rent, reimbursements and operating expenses. Although services are provided to a range of tenants, the types of services provided to them are similar within each segment. The properties in each portfolio have similar economic characteristics and the nature of the products and services provided to our tenants and the method to distribute such services are consistent throughout the portfolio. Certain reclassifications have been made to prior year information to conform to the 2016 presentation.

 
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Three months ended June 30, 2016
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
38,677

 
$
14,021

 
$
12

 
$
52,710

Expenses
(8,035
)
 
(4,546
)
 
—

 
(12,581
)
Income from real estate
30,642

 
9,475

 
12

 
40,129

Interest expense and amortization of deferred debt costs
—

 
—

 
(11,655
)
 
(11,655
)
General and administrative
—

 
—

 
(4,407
)
 
(4,407
)
Subtotal
30,642

 
9,475

 
(16,050
)
 
24,067

Depreciation and amortization of deferred leasing costs
(7,174
)
 
(3,643
)
 
—

 
(10,817
)
Change in fair value of derivatives
—

 
—

 
(3
)
 
(3
)
Net income (loss)
$
23,468

 
$
5,832

 
$
(16,053
)
 
$
13,247

Capital investment
$
4,291

 
$
9,157

 
$
—

 
$
13,448

Total assets
$
916,204

 
$
367,089

 
$
12,162

 
$
1,295,455

 
 
 
 
 
 
 
 
Three months ended June 30, 2015
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
38,300

 
$
13,398

 
$
13

 
$
51,711

Expenses
(7,954
)
 
(4,532
)
 
—

 
(12,486
)
Income from real estate
30,346

 
8,866

 
13

 
39,225

Interest expense and amortization of deferred debt costs
—

 
—

 
(11,353
)
 
(11,353
)
General and administrative
—

 
—

 
(4,139
)
 
(4,139
)
Subtotal
30,346

 
8,866

 
(15,479
)
 
23,733

Depreciation and amortization of deferred leasing costs
(7,538
)
 
(3,273
)
 
—

 
(10,811
)
Gain on sale of property
11

 
—

 
—

 
11

Net income (loss)
$
22,819

 
$
5,593

 
$
(15,479
)
 
$
12,933

Capital investment
$
2,533

 
$
12,420

 
$
—

 
$
14,953

Total assets
$
934,631

 
$
322,538

 
$
20,874

 
$
1,278,043

 
 
 
 
 
 
 
 
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Six months ended June 30, 2016
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
82,123

 
$
27,488

 
$
25

 
$
109,636

Expenses
(18,189
)
 
(8,753
)
 
—

 
(26,942
)
Income from real estate
63,934

 
18,735

 
25

 
82,694

Interest expense and amortization of deferred debt costs
—

 
—

 
(22,744
)
 
(22,744
)
General and administrative
—

 
—

 
(8,467
)
 
(8,467
)
Subtotal
63,934

 
18,735

 
(31,186
)
 
51,483

Depreciation and amortization of deferred leasing costs
(15,042
)
 
(6,810
)
 
—

 
(21,852
)
Change in fair value of derivatives
—

 
—

 
(10
)
 
(10
)
Net income (loss)
$
48,892

 
$
11,925

 
$
(31,196
)
 
$
29,621

Capital investment
$
6,404

 
$
20,028

 
$
—

 
$
26,432

Total assets
$
916,204

 
$
367,089

 
$
12,162

 
$
1,295,455

 
 
 
 
 
 
 
 
Six months ended June 30, 2015
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
77,664

 
$
26,109

 
$
26

 
$
103,799

Expenses
(17,490
)
 
(8,759
)
 
—

 
(26,249
)
Income from real estate
60,174

 
17,350

 
26

 
77,550

Interest expense and amortization of deferred debt costs
—

 
—

 
(22,759
)
 
(22,759
)
General and administrative
—

 
—

 
(7,910
)
 
(7,910
)
Acquisition related costs
(21
)
 
—

 
—

 
(21
)
Subtotal
60,153

 
17,350

 
(30,643
)
 
46,860

Depreciation and amortization of deferred leasing costs
(14,854
)
 
(6,397
)
 
—

 
(21,251
)
Gain on sale of property
11

 
—

 
—

 
11

Change in fair value of derivatives
—

 
—

 
(6
)
 
(6
)
Net income (loss)
$
45,310

 
$
10,953

 
$
(30,649
)
 
$
25,614

Capital investment
$
5,479

 
$
20,098

 
$
—

 
$
25,577

Total assets
$
934,631

 
$
322,538

 
$
20,874

 
$
1,278,043