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Revenues
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenues

Note 3 – Revenues

Revenues

The following table presents the Company's revenues disaggregated by revenue source for the three and nine months ended September 30, 2023 and 2022:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Rental revenues

 

$

124,783

 

 

$

131,642

 

 

$

379,949

 

 

$

398,806

 

Revenues from contracts with customers (Accounting Standards Codification ("ASC") 606):

 

 

 

 

 

 

 

 

 

 

 

 

Operating expense reimbursements

 

 

1,674

 

 

 

1,847

 

 

 

5,765

 

 

 

5,965

 

Management, development and leasing fees (1)

 

 

1,840

 

 

 

1,783

 

 

 

6,096

 

 

 

5,338

 

Marketing revenues (2)

 

 

467

 

 

 

446

 

 

 

1,687

 

 

 

1,190

 

 

 

3,981

 

 

 

4,076

 

 

 

13,548

 

 

 

12,493

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

587

 

 

 

562

 

 

 

2,080

 

 

 

2,101

 

Total revenues (3)

 

$

129,351

 

 

$

136,280

 

 

$

395,577

 

 

$

413,400

 
(1)
Included in All Other segment.
(2)
Marketing revenues solely relate to the Malls segment for all periods presented.
(3)
Sales taxes are excluded from revenues.

See Note 10 for information on the Company's segments.

Revenues from Contracts with Customers

Outstanding Performance Obligations

The Company has outstanding performance obligations related to certain noncancelable contracts with customers for which it will receive fixed operating expense reimbursements for providing certain maintenance and other services as described above. As of September 30, 2023, the Company expects to recognize these amounts as revenue over the following periods:

Performance obligation

 

Less than 5
years

 

 

5-20
years

 

 

Over 20
years

 

 

Total

 

Fixed operating expense reimbursements

 

$

19,315

 

 

$

42,571

 

 

$

38,018

 

 

$

99,904

 

The Company evaluates its performance obligations each period and makes adjustments to reflect any known additions or cancellations. Performance obligations related to variable consideration, which is based on sales, are constrained.