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Business Segments (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Business Segments
(In thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Three months ended September 30, 2018
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
41,161

 
$
15,850

 
$

 
$
57,011

Expenses
(8,644
)
 
(5,304
)
 

 
(13,948
)
Income from real estate
32,517

 
10,546

 

 
43,063

Other revenue

 

 
48

 
48

Interest expense and amortization of deferred debt costs

 

 
(11,022
)
 
(11,022
)
General and administrative

 

 
(4,141
)
 
(4,141
)
Depreciation and amortization of deferred leasing costs
(7,249
)
 
(4,007
)
 

 
(11,256
)
Change in fair value of derivatives

 

 
10

 
10

Net income (loss)
$
25,268

 
$
6,539

 
$
(15,105
)
 
$
16,702

Capital investment
$
15,145

 
$
44,161

 
$

 
$
59,306

Total assets
$
982,038

 
$
514,480

 
$
9,620

 
$
1,506,138

 
 
 
 
 
 
 
 
Three months ended September 30, 2017
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
40,834

 
$
15,394

 
$

 
$
56,228

Expenses
(8,799
)
 
(5,505
)
 

 
(14,304
)
Income from real estate
32,035

 
9,889

 

 
41,924

Other revenue

 

 
9

 
9

Interest expense and amortization of deferred debt costs

 

 
(11,821
)
 
(11,821
)
General and administrative

 

 
(4,363
)
 
(4,363
)
Depreciation and amortization of deferred leasing costs
(7,457
)
 
(3,906
)
 

 
(11,363
)
Change in fair value of derivatives

 

 
(1
)
 
(1
)
Net income (loss)
$
24,578

 
$
5,983

 
$
(16,176
)
 
$
14,385

Capital investment
$
3,503

 
$
8,161

 
$

 
$
11,664

Total assets
$
983,369

 
$
431,182

 
$
9,177

 
$
1,423,728

 
 
 
 
 
 
 
 
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Nine months ended September 30, 2018
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
122,982

 
$
46,648

 
$

 
$
169,630

Expenses
(26,143
)
 
(15,712
)
 

 
(41,855
)
Income from real estate
96,839

 
30,936

 

 
127,775

Other revenue

 

 
218

 
218

Interest expense and amortization of deferred debt costs

 

 
(33,786
)
 
(33,786
)
General and administrative

 

 
(13,208
)
 
(13,208
)
Depreciation and amortization of deferred leasing costs
(21,880
)
 
(12,076
)
 

 
(33,956
)
Gain on sale of property
509

 

 

 
509

Change in fair value of derivatives

 

 
(2
)
 
(2
)
Net income (loss)
$
75,468

 
$
18,860

 
$
(46,778
)
 
$
47,550

Capital investment
$
22,288

 
$
74,011

 
$

 
$
96,299

Total assets
$
982,038

 
$
514,480

 
$
9,620

 
$
1,506,138

 
 
 
 
 
 
 
 
Nine months ended September 30, 2017
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
124,854

 
$
45,725

 
$

 
$
170,579

Expenses
(25,876
)
 
(15,393
)
 

 
(41,269
)
Income from real estate
98,978

 
30,332

 

 
129,310

Other revenue

 

 
31

 
31

Interest expense and amortization of deferred debt costs

 

 
(35,585
)
 
(35,585
)
General and administrative

 

 
(13,178
)
 
(13,178
)
Depreciation and amortization of deferred leasing costs
(22,649
)
 
(11,747
)
 

 
(34,396
)
Change in fair value of derivatives

 

 
(2
)
 
(2
)
Net income (loss)
$
76,329

 
$
18,585

 
$
(48,734
)
 
$
46,180

Capital investment
$
87,788

 
$
18,386

 
$

 
$
106,174

Total assets
$
983,369

 
$
431,182

 
$
9,177

 
$
1,423,728