XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.22.4

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Accounting Policies [Abstract] |
Non-cash Investing and Financing Activities | Non-cash investing and financing activities are summarized as follows (in millions):
| For the Year Ended December 31, |
| 2022 |  |  | 2021 |  |  | 2020 |
Consolidation of the net assets (excluding mortgages as disclosed below) of previously unconsolidated joint ventures | $ | 42.8 |  |  | $ | 132.3 |  |  | $ | 272.6 |
Acquisition of non-controlling interest |  | — |  |  |  | 2.1 |  |  |  | — |
Investment in joint ventures related to net assets acquired |  | 8.5 |  |  |  | 11.6 |  |  |  | 86.4 |
Mortgages assumed, of previously unconsolidated joint ventures |  | — |  |  |  | 73.9 |  |  |  | 196.6 |
Mortgages assumed, shopping center acquisitions |  | — |  |  |  | 17.9 |  |  |  | — |
Accounts payable related to construction in progress |  | 12.2 |  |  |  | 13.4 |  |  |  | 6.3 |
Dividends declared, but not paid |  | 30.4 |  |  |  | 28.2 |  |  |  | 14.8 |
Tax receivable – investment sale proceeds |  | — |  |  |  | 2.1 |  |  |  | — |
Assumption of buildings due to ground lease terminations |  | 2.9 |  |  |  | — |  |  |  | 3.0 |
Write-off of preferred share original issuance costs |  | — |  |  |  | 5.1 |  |  |  | — |
Estimated Useful Lives of Assets | Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows:
Buildings | Useful lives, ranging from 31.5 to 40 years
Building improvements and fixtures | Useful lives, ranging from 3 to 20 years
Tenant improvements | Shorter of economic life or lease terms

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

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration