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Business Segments (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Business Segments
(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