XML 78 R48.htm IDEA: XBRL DOCUMENT v3.20.4
Investments in Unconsolidated Entities and International Investments - European Investments (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
USD ($)
property
$ / shares
shares
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
property
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2020
USD ($)
property
$ / shares
shares
Dec. 31, 2019
USD ($)
property
Dec. 31, 2018
USD ($)
property
Investment in Unconsolidated Entities                      
Income from unconsolidated entities                 $ 219,870 $ 444,349 $ 475,250
Assets $ 34,786,846       $ 31,231,630       34,786,846 31,231,630  
Liabilities 31,128,608       28,101,319       31,128,608 28,101,319  
Noncontrolling interests 432,874       384,852       432,874 384,852  
Total revenue 1,131,429 $ 1,060,674 $ 1,062,041 $ 1,353,360 1,488,615 $ 1,416,554 $ 1,397,186 $ 1,452,834 4,607,503 5,755,189 5,645,288
Operating Income 462,047 404,024 450,868 654,869 776,876 705,302 680,631 745,021 1,971,809 2,907,831 2,926,299
Consolidated Net Income $ 312,726 $ 168,646 $ 290,548 $ 505,404 $ 590,416 $ 628,724 $ 572,102 $ 631,947 $ 1,277,324 2,423,188 2,822,343
Klepierre | Disposed by Sales | Shopping centers                      
Investment in Unconsolidated Entities                      
Gain (loss) on sale or disposal of assets and interests in unconsolidated entities                   $ 58,600 $ 20,200
European Joint Venture | Designer Outlet properties                      
Investment in Unconsolidated Entities                      
Number of properties | property 10       9       10 9 9
European Joint Venture | Designer Outlet properties | Minimum                      
Investment in Unconsolidated Entities                      
Ownership interest (as a percent) 45.00%               45.00%    
European Joint Venture | Designer Outlet properties | Maximum                      
Investment in Unconsolidated Entities                      
Ownership interest (as a percent) 94.00%               94.00%    
European Property Management and Development | Designer Outlet properties                      
Investment in Unconsolidated Entities                      
Ownership interest (as a percent) 50.00%               50.00%    
Europe | Klepierre                      
Investment in Unconsolidated Entities                      
Shares owned | shares 63,924,148               63,924,148    
Ownership interest (as a percent) 22.40%               22.40%    
Quoted market price per share (in dollars per share) | $ / shares $ 22.55               $ 22.55    
Income from unconsolidated entities                 $ 26,500 $ 145,200 $ 98,800
Impairment and disposition of certain assets                 $ 4,300    
Europe | Value Retail PLC                      
Investment in Unconsolidated Entities                      
Number of luxury outlets owned and operated | property 9               9    
Number of outlets in which the entity has a minority direct ownership | property 3               3    
Europe | Value Retail PLC | Deferred costs and other assets                      
Investment in Unconsolidated Entities                      
Value of equity instruments $ 140,800       $ 140,800       $ 140,800 140,800  
Europe | Klepierre | Klepierre                      
Investment in Unconsolidated Entities                      
Assets 20,900,000       19,600,000       20,900,000 19,600,000  
Liabilities 14,400,000       12,900,000       14,400,000 12,900,000  
Noncontrolling interests $ 1,400,000       $ 1,300,000       1,400,000 1,300,000  
Total revenue                 1,300,000 1,500,000 1,600,000
Operating Income                 327,300 626,300 670,400
Consolidated Net Income                 $ 211,200 $ 655,500 $ 693,000