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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Business Segments
(In thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Three months ended September 30, 2019
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
41,313

 
$
15,739

 
$
—

 
$
57,052

Expenses
(8,974
)
 
(5,665
)
 
—

 
(14,639
)
Income from real estate
32,339

 
10,074

 
—

 
42,413

Interest expense, net and amortization of deferred debt costs
—

 
—

 
(10,325
)
 
(10,325
)
Depreciation and amortization of deferred leasing costs
(7,260
)
 
(4,758
)
 
—

 
(12,018
)
General and administrative
—

 
—

 
(4,742
)
 
(4,742
)
Net income (loss)
$
25,079

 
$
5,316

 
$
(15,067
)
 
$
15,328

Capital investment
$
9,166

 
$
27,290

 
$
—

 
$
36,456

Total assets
$
985,244

 
$
609,560

 
$
51,960

 
$
1,646,764

 
 
 
 
 
 
 
 
Three months ended September 30, 2018
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
41,091

 
$
15,819

 
$
—

 
$
56,910

Expenses
(8,574
)
 
(5,273
)
 
—

 
(13,847
)
Income from real estate
32,517

 
10,546

 
—

 
43,063

Interest expense, net and amortization of deferred debt costs
—

 
—

 
(10,974
)
 
(10,974
)
Depreciation and amortization of deferred leasing costs
(7,249
)
 
(4,007
)
 
—

 
(11,256
)
General and administrative
—

 
—

 
(4,141
)
 
(4,141
)
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

 
 
 
 
 
 
 
 



(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Nine months ended September 30, 2019
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
126,730

 
$
48,213

 
$
—

 
$
174,943

Expenses
(27,214
)
 
(16,508
)
 
—

 
(43,722
)
Income from real estate
99,516

 
31,705

 
—

 
131,221

Interest expense, net and amortization of deferred debt costs
—

 
—

 
(32,185
)
 
(32,185
)
Depreciation and amortization of deferred leasing costs
(21,917
)
 
(13,268
)
 
—

 
(35,185
)
General and administrative
—

 
—

 
(14,696
)
 
(14,696
)
Net income (loss)
$
77,599

 
$
18,437

 
$
(46,881
)
 
$
49,155

Capital investment
$
22,746

 
$
82,309

 
$
—

 
$
105,055

Total assets
$
985,244

 
$
609,560

 
$
51,960

 
$
1,646,764

 
 
 
 
 
 
 
 
Nine months ended September 30, 2018
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
122,770

 
$
46,330

 
$
—

 
$
169,100

Expenses
(25,931
)
 
(15,394
)
 
—

 
(41,325
)
Income from real estate
96,839

 
30,936

 
—

 
127,775

Interest expense, net and amortization of deferred debt costs
—

 
—

 
(33,568
)
 
(33,568
)
Depreciation and amortization of deferred leasing costs
(21,880
)
 
(12,076
)
 
—

 
(33,956
)
General and administrative
—

 
—

 
(13,208
)
 
(13,208
)
Change in fair value of derivatives
—

 
—

 
(2
)
 
(2
)
Gain on sale of property
509

 
—

 
—

 
509

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