XML 17 R19.htm IDEA: XBRL DOCUMENT
v3.20.1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2020
Segment Reporting [Abstract] |
Segment Information |
12. | Segment Information
The tables below present information about the Company’s reportable operating segments (in thousands):
| Three Months Ended March 31, 2020 |
| Shopping Centers |  |  | Loan Investments |  |  | Other |  |  | Total |
Rental income | $ | 112,529 |  |  | $ | — |  |  |  |  |  |  | $ | 112,529 |
Other income |  | 16,768 |  |  |  | 13 |  |  |  |  |  |  |  | 16,781 |
Total revenues |  | 129,297 |  |  |  | 13 |  |  |  |  |  |  |  | 129,310 |
Rental operation expenses |  | (36,137 | ) |  |  | — |  |  |  |  |  |  |  | (36,137 | )
Net operating income |  | 93,160 |  |  |  | 13 |  |  |  |  |  |  |  | 93,173 |
Depreciation and amortization |  | (42,993 | ) |  |  |  |  |  |  |  |  |  |  | (42,993 | )
Interest income |  |  |  |  |  | 3,485 |  |  |  |  |  |  |  | 3,485 |
Other expense, net |  |  |  |  |  |  |  |  | $ | (17,409 | ) |  |  | (17,409 | )
Unallocated expenses(A) |  |  |  |  |  |  |  |  |  | (31,963 | ) |  |  | (31,963 | )
Equity in net income of joint ventures |  | 2,171 |  |  |  |  |  |  |  |  |  |  |  | 2,171 |
Reserve of preferred equity interests, net |  |  |  |  |  | (18,057 | ) |  |  |  |  |  |  | (18,057 | )
Gain on sale of joint venture interest |  | 45,681 |  |  |  |  |  |  |  |  |  |  |  | 45,681 |
Gain on disposition of real estate, net |  | 773 |  |  |  |  |  |  |  |  |  |  |  | 773 |
Income before tax expense |  |  |  |  |  |  |  |  |  |  |  |  | $ | 34,861 |
As of March 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total gross real estate assets | $ | 4,726,969 |  |  |  |  |  |  |  |  |  |  | $ | 4,726,969 |
Notes receivable, net(B) |  |  |  |  | $ | 93,909 |  |  | $ | (93,909 | ) |  | $ | — |
| Three Months Ended March 31, 2019 |
| Shopping Centers |  |  | Loan Investments |  |  | Other |  |  | Total |
Rental income | $ | 112,221 |  |  | $ | — |  |  |  |  |  |  | $ | 112,221 |
Other income |  | 18,787 |  |  |  | 14 |  |  |  |  |  |  |  | 18,801 |
Total revenues |  | 131,008 |  |  |  | 14 |  |  |  |  |  |  |  | 131,022 |
Rental operation expenses |  | (36,584 | ) |  |  | — |  |  |  |  |  |  |  | (36,584 | )
Net operating income |  | 94,424 |  |  |  | 14 |  |  |  |  |  |  |  | 94,438 |
Impairment charges |  | (620 | ) |  |  |  |  |  |  |  |  |  |  | (620 | )
Depreciation and amortization |  | (42,608 | ) |  |  |  |  |  |  |  |  |  |  | (42,608 | )
Interest income |  |  |  |  |  | 4,521 |  |  |  |  |  |  |  | 4,521 |
Other income, net |  |  |  |  |  |  |  |  | $ | 153 |  |  |  | 153 |
Unallocated expenses(A) |  |  |  |  |  |  |  |  |  | (35,838 | ) |  |  | (35,838 | )
Equity in net income of joint ventures |  | 1,043 |  |  |  |  |  |  |  |  |  |  |  | 1,043 |
Reserve of preferred equity interests, net |  |  |  |  |  | (1,099 | ) |  |  |  |  |  |  | (1,099 | )
Gain on disposition of real estate, net |  | 16,377 |  |  |  |  |  |  |  |  |  |  |  | 16,377 |
Income before tax expense |  |  |  |  |  |  |  |  |  |  |  |  | $ | 36,367 |
As of March 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total gross real estate assets | $ | 4,583,366 |  |  |  |  |  |  |  |  |  |  | $ | 4,583,366 |
Notes receivable, net(B) |  |  |  |  | $ | 195,795 |  |  | $ | (176,120 | ) |  | $ | 19,675 |
(A) | Unallocated expenses consist of General and Administrative Expenses and Interest Expense as listed in the Company’s consolidated statements of operations.
(B) | Amount includes BRE DDR Joint Venture preferred investment interests (Note 3) classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration