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Business Segments (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Business Segments
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Three months ended September 30, 2016
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
38,738

 
$
14,484

 
$
11

 
$
53,233

Expenses
(8,330
)
 
(4,941
)
 

 
(13,271
)
Income from real estate
30,408

 
9,543

 
11

 
39,962

Interest expense and amortization of deferred debt costs

 

 
(11,524
)
 
(11,524
)
General and administrative

 

 
(4,033
)
 
(4,033
)
Acquisition related costs
(57
)
 

 

 
(57
)
Subtotal
30,351

 
9,543

 
(15,546
)
 
24,348

Depreciation and amortization of deferred leasing costs
(7,732
)
 
(3,894
)
 

 
(11,626
)
Change in fair value of derivatives

 

 
1

 
1

Net income (loss)
$
22,619

 
$
5,649

 
$
(15,545
)
 
$
12,723

Capital investment
$
13,854

 
$
4,399

 
$

 
$
18,253

Total assets
$
938,124

 
$
363,439

 
$
9,441

 
$
1,311,004

 
 
 
 
 
 
 
 
Three months ended September 30, 2015
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
38,903

 
$
13,462

 
$
11

 
$
52,376

Expenses
(8,295
)
 
(4,567
)
 

 
(12,862
)
Income from real estate
30,608

 
8,895

 
11

 
39,514

Interest expense and amortization of deferred debt costs

 

 
(11,229
)
 
(11,229
)
General and administrative

 

 
(3,802
)
 
(3,802
)
Predevelopment expenses
(57
)
 

 

 
(57
)
Acquisition related costs
(57
)
 

 

 
(57
)
Subtotal
30,494

 
8,895

 
(15,020
)
 
24,369

Depreciation and amortization of deferred leasing costs
(7,779
)
 
(3,352
)
 

 
(11,131
)
Change in fair value of derivatives

 

 
(6
)
 
(6
)
Net income (loss)
$
22,715

 
$
5,543

 
$
(15,026
)
 
$
13,232

Capital investment
$
7,404

 
$
16,932

 
$

 
$
24,336

Total assets
$
941,421

 
$
340,983

 
$
14,546

 
$
1,296,950

 
 
 
 
 
 
 
 
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Nine months ended September 30, 2016
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
120,861

 
$
41,972

 
$
36

 
$
162,869

Expenses
(26,519
)
 
(13,694
)
 

 
(40,213
)
Income from real estate
94,342

 
28,278

 
36

 
122,656

Interest expense and amortization of deferred debt costs

 

 
(34,268
)
 
(34,268
)
General and administrative

 

 
(12,500
)
 
(12,500
)
Acquisition related costs
(57
)
 

 

 
(57
)
Subtotal
94,285

 
28,278

 
(46,732
)
 
75,831

Depreciation and amortization of deferred leasing costs
(22,774
)
 
(10,704
)
 

 
(33,478
)
Change in fair value of derivatives

 

 
(9
)
 
(9
)
Net income (loss)
$
71,511

 
$
17,574

 
$
(46,741
)
 
$
42,344

Capital investment
$
20,258

 
$
24,427

 
$

 
$
44,685

Total assets
$
938,124

 
$
363,439

 
$
9,441

 
$
1,311,004

 
 
 
 
 
 
 
 
Nine months ended September 30, 2015
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
116,567

 
$
39,571

 
$
37

 
$
156,175

Expenses
(25,785
)
 
(13,326
)
 

 
(39,111
)
Income from real estate
90,782

 
26,245

 
37

 
117,064

Interest expense and amortization of deferred debt costs

 

 
(33,988
)
 
(33,988
)
General and administrative

 

 
(11,712
)
 
(11,712
)
Predevelopment expenses
(57
)
 

 

 
(57
)
Acquisition related costs
(78
)
 

 

 
(78
)
Subtotal
90,647

 
26,245

 
(45,663
)
 
71,229

Depreciation and amortization of deferred leasing costs
(22,633
)
 
(9,749
)
 

 
(32,382
)
Gain on sale of property
11

 

 

 
11

Change in fair value of derivatives

 

 
(12
)
 
(12
)
Net income (loss)
$
68,025

 
$
16,496

 
$
(45,675
)
 
$
38,846

Capital investment
$
12,883

 
$
37,030

 
$

 
$
49,913

Total assets
$
941,421

 
$
340,983

 
$
14,546

 
$
1,296,950