XML 53 R28.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Business Segments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Segment Reporting [Abstract] |
Business Segments |
Financial Information By Segment
(In thousands) | Shopping Centers |  | Mixed-Use Properties |  | Corporate and Other |  | Consolidated Totals
Three Months Ended September 30, 2022 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 42,478 |  |  | $ | 18,609 |  |  | $ | — |  |  | $ | 61,087 |
Expenses | (8,826) |  |  | (7,247) |  |  | — |  |  | (16,073) |
Income from real estate | 33,652 |  |  | 11,362 |  |  | — |  |  | 45,014 |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (11,103) |  |  | (11,103) |
Depreciation and amortization of lease costs | (7,073) |  |  | (5,122) |  |  | — |  |  | (12,195) |
General and administrative | — |  |  | — |  |  | (5,555) |  |  | (5,555) |
Loss on early extinguishment of debt | — |  |  | — |  |  | (648) |  |  | (648) |
Net income (loss) | $ | 26,579 |  |  | $ | 6,240 |  |  | $ | (17,306) |  |  | $ | 15,513 |
Capital investment | $ | 2,280 |  |  | $ | 30,315 |  |  | $ | — |  |  | $ | 32,595 |
Total assets | $ | 936,285 |  |  | $ | 855,797 |  |  | $ | 17,936 |  |  | $ | 1,810,018 |
Three Months Ended September 30, 2021 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 42,485 |  |  | $ | 17,771 |  |  | $ | — |  |  | $ | 60,256 |
Expenses | (8,640) |  |  | (6,724) |  |  | — |  |  | (15,364) |
Income from real estate | 33,845 |  |  | 11,047 |  |  | — |  |  | 44,892 |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (10,914) |  |  | (10,914) |
Depreciation and amortization of lease costs | (7,203) |  |  | (5,264) |  |  | — |  |  | (12,467) |
General and administrative | — |  |  | — |  |  | (4,626) |  |  | (4,626) |
Net income (loss) | $ | 26,642 |  |  | $ | 5,783 |  |  | $ | (15,540) |  |  | $ | 16,885 |
Capital investment | $ | 1,324 |  |  | $ | 9,984 |  |  | $ | — |  |  | $ | 11,308 |
Total assets | $ | 960,247 |  |  | $ | 766,761 |  |  | $ | 12,492 |  |  | $ | 1,739,500 |
(In thousands) | Shopping Centers |  | Mixed-Use Properties |  | Corporate and Other |  | Consolidated Totals
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 128,615 |  |  | $ | 54,909 |  |  | $ | — |  |  | $ | 183,524 |
Expenses | (27,102) |  |  | (20,724) |  |  | — |  |  | (47,826) |
Income from real estate | 101,513 |  |  | 34,185 |  |  | — |  |  | 135,698 |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (32,162) |  |  | (32,162) |
Depreciation and amortization of deferred leasing costs | (21,300) |  |  | (15,599) |  |  | — |  |  | (36,899) |
General and administrative | — |  |  | — |  |  | (15,988) |  |  | (15,988) |
Loss on early extinguishment of debt | — |  |  | — |  |  | (648) |  |  | (648) |
Net income (loss) | $ | 80,213 |  |  | $ | 18,586 |  |  | $ | (48,798) |  |  | $ | 50,001 |
Capital investment | $ | 6,239 |  |  | $ | 78,270 |  |  | $ | — |  |  | $ | 84,509 |
Total assets | $ | 936,285 |  |  | $ | 855,797 |  |  | $ | 17,936 |  |  | $ | 1,810,018 |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |
Real estate rental operations: |  |  |  |  |  |  |
Revenue | $ | 126,935 |  |  | $ | 52,050 |  |  | $ | — |  |  | $ | 178,985 |
Expenses | (27,087) |  |  | (19,454) |  |  | — |  |  | (46,541) |
Income from real estate | 99,848 |  |  | 32,596 |  |  | — |  |  | 132,444 |
Interest expense, net and amortization of deferred debt costs | — |  |  | — |  |  | (34,559) |  |  | (34,559) |
Depreciation and amortization of deferred leasing costs | (21,639) |  |  | (16,213) |  |  | — |  |  | (37,852) |
General and administrative | — |  |  | — |  |  | (14,234) |  |  | (14,234) |
Net income (loss) | $ | 78,209 |  |  | $ | 16,383 |  |  | $ | (48,793) |  |  | $ | 45,799 |
Capital investment | $ | 6,895 |  |  | $ | 31,893 |  |  | $ | — |  |  | $ | 38,788 |
Total assets | $ | 960,247 |  |  | $ | 766,761 |  |  | $ | 12,492 |  |  | $ | 1,739,500 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration