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Segment Information - Summary (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Aug. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]          
Total revenues [1],[2]   $ 139,280 $ 125,089 $ 421,953 $ 383,871
Interest and other income   3,247 4,023 9,879 12,109
Other   (45) (15) (75) (142)
Depreciation and amortization   (39,900) (32,326) (125,143) (109,030)
General and administrative expense   (17,787) (15,402) (53,682) (50,647)
Litigation settlement     13   153
Loss on extinguishment of debt $ (819)   (819) (217) (819)
Loss on impairment   (1,736)   (3,193) (836)
Gain on deconsolidation   33,851   33,851  
Income tax (provision) benefit   (48) (364) 54 (856)
Equity in earnings of unconsolidated affiliates   1,696 7,084 15,046 18,826
All Other          
Segment Reporting Information [Line Items]          
Total revenues [1],[3]   7,745 9,261 24,004 27,608
Net operating income [3]   8,901 10,663 27,433 32,766
Total Reportable Segments          
Segment Reporting Information [Line Items]          
Total revenues [1]   152,440 155,571 460,357 474,043
Property operating expenses [4]   (53,074) (55,588) (163,341) (160,356)
Interest and other income   262 440 993 1,219
Net operating income   99,628 100,423 298,009 314,906
Interest expense   (44,779) (38,849) (132,963) (118,068)
Gain on sales of real estate assets   51,228 12,816 74,099 16,487
Other   (45) (15) (75) (142)
Depreciation and amortization   (39,900) (32,326) (125,143) (109,030)
General and administrative expense   (17,787) (15,402) (53,682) (50,647)
Litigation settlement     13   153
Loss on extinguishment of debt     (819) (217) (819)
Loss on impairment   (1,736)   (3,193) (836)
Gain on deconsolidation   33,851   33,851  
Income tax (provision) benefit   (48) (364) 54 (856)
Equity in earnings of unconsolidated affiliates   1,696 7,084 15,046 18,826
Net income (loss)   75,060 15,753 85,605 19,570
Total Reportable Segments | Malls          
Segment Reporting Information [Line Items]          
Total revenues [1]   115,876 117,471 345,992 359,288
Property operating expenses [4]   (42,884) (45,177) (131,720) (131,107)
Interest and other income   43 247 351 591
Net operating income   73,035 72,541 214,623 228,772
Total Reportable Segments | Outlet Centers          
Segment Reporting Information [Line Items]          
Total revenues [1]   8,659 8,495 25,782 25,165
Property operating expenses [4]   (3,279) (3,258) (9,786) (9,173)
Interest and other income   13 17 38 67
Net operating income   5,393 5,254 16,034 16,059
Total Reportable Segments | Lifestyle Centers          
Segment Reporting Information [Line Items]          
Total revenues [1]   12,750 11,597 37,561 35,439
Property operating expenses [4]   (3,668) (3,533) (11,150) (10,415)
Interest and other income   37   95  
Net operating income   9,119 8,064 26,506 25,024
Total Reportable Segments | Open-Air Centers          
Segment Reporting Information [Line Items]          
Total revenues [1]   15,155 18,008 51,022 54,151
Property operating expenses [4]   (3,243) (3,620) (10,685) (9,661)
Interest and other income   169 176 509 561
Net operating income   12,081 14,564 40,846 45,051
Consolidation Adjustments          
Segment Reporting Information [Line Items]          
Total revenues [1],[5]   (20,905) (39,743) (62,408) (117,780)
Net operating income [5]   $ (15,949) $ (27,471) $ (47,614) $ (83,170)
[1] Management, development and leasing fees earned by the Management Company are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source.
[2] Sales taxes are excluded from revenues.
[3] The All Other category includes outparcels, office buildings, hotels, corporate-level entities and the Management Company.
[4] Property operating expenses include property operating, real estate taxes and maintenance and repairs, none of which represent significant segment expense.
[5] Consolidated adjustments represent the elimination of the Company's share of unconsolidated affiliates and the addition of the noncontrolling interests' share to reconcile to the amounts reported in the Company's condensed consolidated statements of operations.