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Business Segments (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Business Segments
The following tables summarize NOI and total assets for each of our reportable segments:
ShoppingMixed-Use
(In thousands)CentersPropertiesTotal
As of or for the three months ended March 31, 2025
Revenue:
Total property revenue$47,998 $21,502 $69,500 
Revenue adjustments (1)
2,356 
Total revenue$71,856 
Expenses:
Real estate taxes(4,848)(3,136)
Repairs & maintenance(5,302)(1,762)
Other expenses (2)
(2,575)(4,103)
NOI$35,273 $12,501 $47,774 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(16,747)
Depreciation and amortization of deferred leasing costs(14,523)
General and administrative(6,012)
Revenue adjustments (1)2,356 
Net income$12,848 
Capital investment$4,384 $20,100 $24,484 
Total assets per segment$897,731 $1,221,480 $2,119,211 
Other assets (3)
12,275 
Total assets$2,131,486 
ShoppingMixed-Use
(In thousands)CentersPropertiesTotal
As of or for the three months ended March 31, 2024
   
Revenue:
Total property revenue$46,755 $19,679 $66,434 
Revenue adjustments (1)258 
Total revenue$66,692 
Expenses:
Real estate taxes(4,929)(2,695)
Repairs & maintenance(3,489)(1,482)
Other expenses (2)(2,545)(3,028)
NOI$35,792 $12,474 $48,266 
Non-segment items:
Interest expense, net and amortization of deferred debt costs(12,448)
Depreciation and amortization of deferred leasing costs(12,029)
General and administrative(5,784)
Revenue adjustments (1)258 
Net income $18,263 
Capital investment$4,141 $41,428 $45,569 
Total assets per segment$910,897 $1,101,586 $2,012,483 
Other assets (3)17,823 
Total assets$2,030,306 
(1)    Revenue adjustments are straight-line base rent and above/below market lease amortization.
(2)    Other expenses include payroll, utilities, insurance, legal, parking, advertising, and other.
(3)    Other assets include cash on hand, swap assets, and an operating lease right of use asset.