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Business Segments (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Business Segments
Financial Information By Segment
(Dollars in thousands) Shopping
Centers
Mixed-Use
Properties
Corporate
and Other
Consolidated
Totals
Three Months Ended September 30, 2024
Real estate rental operations:
Revenue$46,463 $20,825 $— $67,288 
Expenses(10,101)(7,630)— (17,731)
Income from real estate36,362 13,195 — 49,557 
Interest expense, net and amortization of deferred debt costs— — (12,213)(12,213)
Depreciation and amortization of deferred leasing costs(7,144)(4,928)— (12,072)
General and administrative— — (5,680)(5,680)
Net income (loss)$29,218 $8,267 $(17,893)$19,592 
Capital investment$4,614 $50,203 $— $54,817 
Total assets$907,116 $1,194,544 $11,364 $2,113,024 
Three Months Ended September 30, 2023
Real estate rental operations:
Revenue$44,014 $19,752 $— $63,766 
Expenses(9,945)(7,416)— (17,361)
Income from real estate34,069 12,336 — 46,405 
Interest expense, net and amortization of deferred debt costs— — (12,419)(12,419)
Depreciation and amortization of deferred leasing costs(7,156)(4,940)— (12,096)
General and administrative— — (5,179)(5,179)
Net income (loss)$26,913 $7,396 $(17,598)$16,711 
Capital investment$3,952 $43,949 $— $47,901 
Total assets$920,442 $1,016,267 $24,214 $1,960,923 
Financial Information By Segment
(Dollars in thousands)Shopping
Centers
Mixed-Use
Properties
Corporate
and Other
Consolidated
Totals
Nine Months Ended September 30, 2024
Real estate rental operations:
Revenue$140,161 $60,762 $— $200,923 
Expenses(31,018)(22,146)— (53,164)
Income from real estate109,143 38,616 — 147,759 
Interest expense, net and amortization of deferred debt costs— — (36,928)(36,928)
Depreciation and amortization of deferred leasing costs(21,302)(14,800)— (36,102)
General and administrative— — (17,565)(17,565)
Gain on disposition of property181 — — 181 
Net income (loss)$88,022 $23,816 $(54,493)$57,345 
Capital investment$13,403 $131,608 $— $145,011 
Total assets$907,116 $1,194,544 $11,364 $2,113,024 
Nine Months Ended September 30, 2023
Real estate rental operations:
Revenue$132,214 $58,310 $— $190,524 
Expenses(28,667)(21,424)— (50,091)
Income from real estate103,547 36,886 — 140,433 
Interest expense, net and amortization of deferred debt costs— — (36,518)(36,518)
Depreciation and amortization of deferred leasing costs(21,350)(14,877)— (36,227)
General and administrative— — (16,125)(16,125)
Net income (loss)$82,197 $22,009 $(52,643)$51,563 
Capital investment$9,840 $137,427 $— $147,267 
Total assets$920,442 $1,016,267 $24,214 $1,960,923