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Business Segments (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Business Segments
(In thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Three months ended June 30, 2018
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
40,848

 
$
15,376

 
$

 
$
56,224

Expenses
(8,574
)
 
(5,079
)
 

 
(13,653
)
Income from real estate
32,274

 
10,297

 

 
42,571

Other revenue

 

 
69

 
69

Interest expense and amortization of deferred debt costs

 

 
(11,237
)
 
(11,237
)
General and administrative

 

 
(4,647
)
 
(4,647
)
Depreciation and amortization of deferred leasing costs
(7,333
)
 
(4,018
)
 

 
(11,351
)
Gain on sale of property
509

 

 

 
509

Change in fair value of derivatives

 

 
(12
)
 
(12
)
Net income (loss)
$
25,450

 
$
6,279

 
$
(15,827
)
 
$
15,902

Capital investment
$
3,883

 
$
16,387

 
$

 
$
20,270

Total assets
$
804,939

 
$
464,534

 
$
177,009

 
$
1,446,482

 
 
 
 
 
 
 
 
Three months ended June 30, 2017
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
40,583

 
$
15,314

 
$

 
$
55,897

Expenses
(8,378
)
 
(5,002
)
 

 
(13,380
)
Income from real estate
32,205

 
10,312

 

 
42,517

Other revenue

 

 
10

 
10

Interest expense and amortization of deferred debt costs

 

 
(11,900
)
 
(11,900
)
General and administrative

 

 
(4,514
)
 
(4,514
)
Depreciation and amortization of deferred leasing costs
(7,798
)
 
(3,893
)
 

 
(11,691
)
Change in fair value of derivatives

 

 
(1
)
 
(1
)
Net income (loss)
$
24,407

 
$
6,419

 
$
(16,405
)
 
$
14,421

Capital investment
$
1,942

 
$
5,219

 
$

 
$
7,161

Total assets
$
983,476

 
$
425,298

 
$
12,104

 
$
1,420,878

 
 
 
 
 
 
 
 
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Six months ended June 30, 2018
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
81,821

 
$
30,798

 
$

 
$
112,619

Expenses
(17,499
)
 
(10,408
)
 

 
(27,907
)
Income from real estate
64,322

 
20,390

 

 
84,712

Other revenue

 

 
170

 
170

Interest expense and amortization of deferred debt costs

 

 
(22,764
)
 
(22,764
)
General and administrative

 

 
(9,068
)
 
(9,068
)
Depreciation and amortization of deferred leasing costs
(14,631
)
 
(8,069
)
 

 
(22,700
)
Gain on sale of property
509

 

 

 
509

Change in fair value of derivatives

 

 
(12
)
 
(12
)
Net income (loss)
$
50,200

 
$
12,321

 
$
(31,674
)
 
$
30,847

Capital investment
$
7,143

 
$
29,850

 
$

 
$
36,993

Total assets
$
804,939

 
$
464,534

 
$
177,009

 
$
1,446,482

 
 
 
 
 
 
 
 
Six months ended June 30, 2017
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
84,020

 
$
30,330

 
$

 
$
114,350

Expenses
(17,077
)
 
(9,888
)
 

 
(26,965
)
Income from real estate
66,943

 
20,442

 

 
87,385

Other revenue

 

 
23

 
23

Interest expense and amortization of deferred debt costs

 

 
(23,764
)
 
(23,764
)
General and administrative

 

 
(8,815
)
 
(8,815
)
Depreciation and amortization of deferred leasing costs
(15,192
)
 
(7,841
)
 

 
(23,033
)
Change in fair value of derivatives

 

 
(1
)
 
(1
)
Net income (loss)
$
51,751

 
$
12,601

 
$
(32,557
)
 
$
31,795

Capital investment
$
84,285

 
$
10,225

 
$

 
$
94,510

Total assets
$
983,476

 
$
425,298

 
$
12,104

 
$
1,420,878