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Revenues (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents the Company's revenues disaggregated by revenue source:

		Year Ended December 31,
		2024				2023				2022
Rental revenues		$	493,876			$	513,957			$	542,247
Revenues from contracts with customers:
Operating expense reimbursements (1)			7,964				7,395				7,873
Management, development and leasing fees (2)			7,609				7,917				7,158
Marketing revenues (3)			3,000				3,567				2,819
			18,573				18,879				17,850
Other revenues			3,112				2,450				2,914
Total revenues (4)		$	515,561			$	535,286			$	563,011

(1)During the year ended December 31, 2024, operating expense reimbursements consisted of $6,585 related to malls, $684 related to lifestyle centers, $427 related to open-air centers and $268 related to all other property types. During the year ended December 31, 2023, operating expense reimbursements consisted of $5,889 related to malls, $700 related to lifestyle centers, $463 related to open-air centers and $343 related to all other property types. During the year ended December 31, 2022, operating expense reimbursements consisted of $6,551 related to malls, $829 related to lifestyle centers, $390 related to open-air centers and $103 related to all other property types.

(2)Included in All Other segment.

(3)During the year ended December 31, 2024, marketing revenues consisted of $2,679 related to malls, $305 related to lifestyle centers and $16 related to outlet centers. During the year ended December 31, 2023, marketing revenues consisted of $3,294 related to malls, $262 related to lifestyle centers and $11 related to outlet centers. During the year ended December 31, 2022, marketing revenues consisted of $2,658 related to malls, $159 related to lifestyle centers and $2 related to outlet centers.

(4)Sales taxes are excluded from revenues.

Schedule of Expected Recognition of Remaining Performance Obligation

As of December 31, 2024, 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		$	20,423			$	45,257			$	37,556			$	103,236

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- References

No definition available.

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

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