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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Summary of Information about Company's Reportable Operating Segments | The tables below present information about the Company’s reportable operating segments (in thousands):
| Three Months Ended June 30, 2020 |
| Shopping Centers |  |  | Loan Investments |  |  | Other |  |  | Total |
Rental income | $ | 98,079 |  |  | $ | — |  |  |  |  |  |  | $ | 98,079 |
Other income |  | 9,492 |  |  |  | — |  |  |  |  |  |  |  | 9,492 |
Total revenues |  | 107,571 |  |  |  | — |  |  |  |  |  |  |  | 107,571 |
Rental operation expenses |  | (33,867 | ) |  |  | — |  |  |  |  |  |  |  | (33,867 | )
Net operating income |  | 73,704 |  |  |  | — |  |  |  |  |  |  |  | 73,704 |
Depreciation and amortization |  | (40,873 | ) |  |  |  |  |  |  |  |  |  |  | (40,873 | )
Interest income |  |  |  |  |  | 3,550 |  |  |  |  |  |  |  | 3,550 |
Other expense, net |  |  |  |  |  |  |  |  | $ | (612 | ) |  |  | (612 | )
Unallocated expenses(A) |  |  |  |  |  |  |  |  |  | (33,313 | ) |  |  | (33,313 | )
Equity in net loss of joint ventures |  | (1,513 | ) |  |  |  |  |  |  |  |  |  |  | (1,513 | )
Reserve of preferred equity interests, net |  |  |  |  |  | (4,878 | ) |  |  |  |  |  |  | (4,878 | )
Loss on sale of joint venture interest |  | (128 | ) |  |  |  |  |  |  |  |  |  |  | (128 | )
Gain on disposition of real estate, net |  | 2 |  |  |  |  |  |  |  |  |  |  |  | 2 |
Loss before tax expense |  |  |  |  |  |  |  |  |  |  |  |  | $ | (4,061 | )
| Three Months Ended June 30, 2019 |
| Shopping Centers |  |  | Loan Investments |  |  | Other |  |  | Total |
Rental income | $ | 112,274 |  |  | $ | — |  |  |  |  |  |  | $ | 112,274 |
Other income |  | 16,383 |  |  |  | — |  |  |  |  |  |  |  | 16,383 |
Total revenues |  | 128,657 |  |  |  | — |  |  |  |  |  |  |  | 128,657 |
Rental operation expenses |  | (36,534 | ) |  |  | (7 | ) |  |  |  |  |  |  | (36,541 | )
Net operating income (loss) |  | 92,123 |  |  |  | (7 | ) |  |  |  |  |  |  | 92,116 |
Depreciation and amortization |  | (40,060 | ) |  |  |  |  |  |  |  |  |  |  | (40,060 | )
Interest income |  |  |  |  |  | 4,521 |  |  |  |  |  |  |  | 4,521 |
Other expense, net |  |  |  |  |  |  |  |  | $ | (85 | ) |  |  | (85 | )
Unallocated expenses(A) |  |  |  |  |  |  |  |  |  | (36,019 | ) |  |  | (36,019 | )
Equity in net income of joint ventures |  | 1,791 |  |  |  |  |  |  |  |  |  |  |  | 1,791 |
Reserve of preferred equity interests, net |  |  |  |  |  | (4,634 | ) |  |  |  |  |  |  | (4,634 | )
Gain on disposition of real estate, net |  | 213 |  |  |  |  |  |  |  |  |  |  |  | 213 |
Income before tax expense |  |  |  |  |  |  |  |  |  |  |  |  | $ | 17,843 |
| Six Months Ended June 30, 2020 |
| Shopping Centers |  |  | Loan Investments |  |  | Other |  |  | Total |
Rental income | $ | 210,608 |  |  | $ | — |  |  |  |  |  |  | $ | 210,608 |
Other income |  | 26,260 |  |  |  | 13 |  |  |  |  |  |  |  | 26,273 |
Total revenues |  | 236,868 |  |  |  | 13 |  |  |  |  |  |  |  | 236,881 |
Rental operation expenses |  | (70,004 | ) |  |  | — |  |  |  |  |  |  |  | (70,004 | )
Net operating income |  | 166,864 |  |  |  | 13 |  |  |  |  |  |  |  | 166,877 |
Depreciation and amortization |  | (83,866 | ) |  |  |  |  |  |  |  |  |  |  | (83,866 | )
Interest income |  |  |  |  |  | 7,035 |  |  |  |  |  |  |  | 7,035 |
Other expense, net |  |  |  |  |  |  |  |  | $ | (18,021 | ) |  |  | (18,021 | )
Unallocated expenses(A) |  |  |  |  |  |  |  |  |  | (65,276 | ) |  |  | (65,276 | )
Equity in net income of joint ventures |  | 658 |  |  |  |  |  |  |  |  |  |  |  | 658 |
Reserve of preferred equity interests, net |  |  |  |  |  | (22,935 | ) |  |  |  |  |  |  | (22,935 | )
Gain on sale of joint venture interest |  | 45,553 |  |  |  |  |  |  |  |  |  |  |  | 45,553 |
Gain on disposition of real estate, net |  | 775 |  |  |  |  |  |  |  |  |  |  |  | 775 |
Income before tax expense |  |  |  |  |  |  |  |  |  |  |  |  | $ | 30,800 |
As of June 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total gross real estate assets | $ | 4,739,604 |  |  |  |  |  |  |  |  |  |  | $ | 4,739,604 |
Notes receivable, net(B) |  |  |  |  | $ | 89,049 |  |  | $ | (89,049 | ) |  | $ | — |
| Six Months Ended June 30, 2019 |
| Shopping Centers |  |  | Loan Investments |  |  | Other |  |  | Total |
Rental income | $ | 224,495 |  |  | $ | — |  |  |  |  |  |  | $ | 224,495 |
Other income |  | 35,155 |  |  |  | 29 |  |  |  |  |  |  |  | 35,184 |
Total revenues |  | 259,650 |  |  |  | 29 |  |  |  |  |  |  |  | 259,679 |
Rental operation expenses |  | (73,118 | ) |  |  | (7 | ) |  |  |  |  |  |  | (73,125 | )
Net operating income |  | 186,532 |  |  |  | 22 |  |  |  |  |  |  |  | 186,554 |
Impairment charges |  | (620 | ) |  |  |  |  |  |  |  |  |  |  | (620 | )
Depreciation and amortization |  | (82,668 | ) |  |  |  |  |  |  |  |  |  |  | (82,668 | )
Interest income |  |  |  |  |  | 9,042 |  |  |  |  |  |  |  | 9,042 |
Other income, net |  |  |  |  |  |  |  |  | $ | 68 |  |  |  | 68 |
Unallocated expenses(A) |  |  |  |  |  |  |  |  |  | (71,857 | ) |  |  | (71,857 | )
Equity in net income of joint ventures |  | 2,834 |  |  |  |  |  |  |  |  |  |  |  | 2,834 |
Reserve of preferred equity interests, net |  |  |  |  |  | (5,733 | ) |  |  |  |  |  |  | (5,733 | )
Gain on disposition of real estate, net |  | 16,590 |  |  |  |  |  |  |  |  |  |  |  | 16,590 |
Income before tax expense |  |  |  |  |  |  |  |  |  |  |  |  | $ | 54,210 |
As of June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total gross real estate assets | $ | 4,612,131 |  |  |  |  |  |  |  |  |  |  | $ | 4,612,131 |
Notes receivable, net(B) |  |  |  |  | $ | 189,983 |  |  | $ | (170,313 | ) |  | $ | 19,670 |
(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.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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