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Segment Information

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Information

14. Segment Information

The tables below present information about the Company’s reportable operating segments (in thousands):

	Three Months Ended September 30, 2017
	Shopping Centers				Loan Investments				Other				Total
Total revenues	$	227,409			$	15							$	227,424
Rental operation expenses		(59,571	)			3								(59,568	)
Net operating income		167,838				18								167,856
Impairment charges		(10,284	)											(10,284	)
Depreciation and amortization		(85,210	)											(85,210	)
Interest income						6,807								6,807
Other income (expense), net									$	(64,340	)			(64,340	)
Unallocated expenses(A)										(71,988	)			(71,988	)
Hurricane casualty and impairment loss		(6,089	)											(6,089	)
Equity in net income of joint ventures		4,811												4,811
Adjustment of preferred equity interests						15,377								15,377
Loss from continuing operations													$	(43,060	)

	Three Months Ended September 30, 2016
	Shopping Centers				Loan Investments				Other				Total
Total revenues	$	253,787			$	13							$	253,800
Rental operation expenses		(68,107	)			(62	)							(68,169	)
Net operating income (loss)		185,680				(49	)							185,631
Impairment charges		(104,877	)											(104,877	)
Depreciation and amortization		(95,451	)											(95,451	)
Interest income						9,304								9,304
Other income (expense), net									$	(384	)			(384	)
Unallocated expenses(A)										(73,123	)			(73,123	)
Equity in net loss of joint ventures		(1,457	)											(1,457	)
Loss on sale and change in control of interests, net		(1,087	)											(1,087	)
Loss from continuing operations													$	(81,444	)

	Nine Months Ended September 30, 2017
	Shopping Centers				Loan Investments				Other				Total
Total revenues	$	703,989			$	43							$	704,032
Rental operation expenses		(192,772	)			(10	)							(192,782	)
Net operating income		511,217				33								511,250
Impairment charges		(60,353	)											(60,353	)
Depreciation and amortization		(266,370	)											(266,370	)
Interest income						22,365								22,365
Other income (expense), net									$	(65,298	)			(65,298	)
Unallocated expenses(A)										(227,247	)			(227,247	)
Hurricane casualty and impairment loss		(6,089	)											(6,089	)
Equity in net income of joint ventures		2,429												2,429
Reserve of preferred equity interests						(60,623	)							(60,623	)
Loss from continuing operations													$	(149,936	)
As of September 30, 2017:
Total gross real estate assets	$	8,697,077											$	8,697,077
Notes receivable, net(B)					$	346,888			$	(327,297	)		$	19,591

	Nine Months Ended September 30, 2016
	Shopping Centers				Loan Investments				Other				Total
Total revenues	$	765,514			$	30							$	765,544
Rental operation expenses		(212,857	)			(218	)							(213,075	)
Net operating income (loss)		552,657				(188	)							552,469
Impairment charges		(104,877	)											(104,877	)
Depreciation and amortization		(290,051	)											(290,051	)
Interest income						27,800								27,800
Other income (expense), net									$	3,470				3,470
Unallocated expenses(A)										(222,110	)			(222,110	)
Equity in net income of joint ventures		14,081												14,081
Loss on sale and change in control of interests, net		(1,087	)											(1,087	)
Loss from continuing operations													$	(20,305	)
As of September 30, 2016:
Total gross real estate assets	$	9,911,432											$	9,911,432
Notes receivable, net(B)					$	447,070			$	(402,247	)		$	44,823

(A) Unallocated expenses consist of General and Administrative Expenses, Interest Expense and Tax Expense as listed in the Company’s consolidated statements of operations.  

(B) Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.  

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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