XML 56 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segments - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Real estate rental operations:          
Revenue $ 53,233 $ 52,376 $ 162,869 $ 156,175  
Expenses (13,271) (12,862) (40,213) (39,111)  
Income from real estate 39,962 39,514 122,656 117,064  
Interest expense and amortization of deferred debt costs (11,524) (11,229) (34,268) (33,988)  
General and administrative (4,033) (3,802) (12,500) (11,712)  
Predevelopment expenses   (57)   (57)  
Acquisition related costs (57) (57) (57) (78)  
Subtotal 24,348 24,369 75,831 71,229  
Depreciation and amortization of deferred leasing costs (11,626) (11,131) (33,478) (32,382)  
Gain on sale of property 0 0 0 11  
Change in fair value of derivatives 1 (6) (9) (12)  
Net income (loss) 12,723 13,232 42,344 38,846  
Capital investment 18,253 24,336 44,685 49,913  
Total assets 1,311,004 1,296,950 1,311,004 1,296,950 $ 1,295,408
Operating Segments | Shopping Centers          
Real estate rental operations:          
Revenue 38,738 38,903 120,861 116,567  
Expenses (8,330) (8,295) (26,519) (25,785)  
Income from real estate 30,408 30,608 94,342 90,782  
Interest expense and amortization of deferred debt costs 0 0 0 0  
General and administrative 0 0 0 0  
Predevelopment expenses   (57)   (57)  
Acquisition related costs (57) (57) (57) (78)  
Subtotal 30,351 30,494 94,285 90,647  
Depreciation and amortization of deferred leasing costs (7,732) (7,779) (22,774) (22,633)  
Gain on sale of property       11  
Change in fair value of derivatives 0 0 0 0  
Net income (loss) 22,619 22,715 71,511 68,025  
Capital investment 13,854 7,404 20,258 12,883  
Total assets 938,124 941,421 938,124 941,421  
Operating Segments | Mixed-Use Properties          
Real estate rental operations:          
Revenue 14,484 13,462 41,972 39,571  
Expenses (4,941) (4,567) (13,694) (13,326)  
Income from real estate 9,543 8,895 28,278 26,245  
Interest expense and amortization of deferred debt costs 0 0 0 0  
General and administrative 0 0 0 0  
Predevelopment expenses   0   0  
Acquisition related costs 0 0 0 0  
Subtotal 9,543 8,895 28,278 26,245  
Depreciation and amortization of deferred leasing costs (3,894) (3,352) (10,704) (9,749)  
Gain on sale of property       0  
Change in fair value of derivatives 0 0 0 0  
Net income (loss) 5,649 5,543 17,574 16,496  
Capital investment 4,399 16,932 24,427 37,030  
Total assets 363,439 340,983 363,439 340,983  
Corporate and Other          
Real estate rental operations:          
Revenue 11 11 36 37  
Expenses 0 0 0 0  
Income from real estate 11 11 36 37  
Interest expense and amortization of deferred debt costs (11,524) (11,229) (34,268) (33,988)  
General and administrative (4,033) (3,802) (12,500) (11,712)  
Predevelopment expenses   0   0  
Acquisition related costs 0 0 0 0  
Subtotal (15,546) (15,020) (46,732) (45,663)  
Depreciation and amortization of deferred leasing costs 0 0 0 0  
Gain on sale of property       0  
Change in fair value of derivatives 1 (6) (9) (12)  
Net income (loss) (15,545) (15,026) (46,741) (45,675)  
Capital investment 0 0 0 0  
Total assets $ 9,441 $ 14,546 $ 9,441 $ 14,546