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Revenues (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents the Company's revenues disaggregated by revenue source for the three months ended March 31, 2025 and 2024:

		Three Months Ended March 31,
		2025					2024
Rental revenues		$	137,360				$	124,027
Revenues from contracts with customers:
Operating expense reimbursements (1)			1,942					2,260
Management, development and leasing fees (2)			1,317					1,905
Marketing revenues (3)			351					404
			3,610					4,569
Other revenues			798					521
Total revenues (4)		$	141,768				$	129,117

(1)During the three months ended March 31, 2025, operating expense reimbursements consisted of $1,650 related to malls, $172 related to lifestyle centers, $78 related to open-air centers and $42 related to all other property types. During the three months ended March 31, 2024, operating expense reimbursements consisted of $1,882 related to malls, $165 related to lifestyle centers, $165 related to open-air centers and $48 related to all other property types.

(2)Included in All Other segment.

(3)During the three months ended March 31, 2025, marketing revenues consisted of $320 related to malls, $29 related to lifestyle centers and $2 related to outlet centers. During the three months ended March 31, 2024, marketing revenues consisted of $335 related to malls, $68 related to lifestyle centers and $1 related to outlet centers.

(4)Sales taxes are excluded from revenues.

Schedule of Expected Recognition of Remaining Performance Obligation

As of March 31, 2025, 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		$	20,931			$	47,190			$	39,053			$	107,174

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

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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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