XML 61 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
Investments in Unconsolidated Entities - Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING EXPENSES:    
Income from Unconsolidated Entities $ 69,085 $ 90,626
Equity Method Investees excluding Klepierre, Aeropostale and HBS | Unconsolidated properties    
REVENUE:    
Minimum rent 451,055 438,847
Overage rent 51,369 49,624
Tenant reimbursements 215,780 210,941
Other income 64,327 58,680
Total revenue 782,531 758,092
OPERATING EXPENSES:    
Property operating 132,985 131,081
Depreciation and amortization 153,455 131,480
Real estate taxes 66,583 61,509
Repairs and maintenance 20,230 19,754
Advertising and promotion 22,198 22,529
Provision for credit losses 3,777 2,690
Other 43,355 45,053
Total operating expenses 442,583 414,096
Operating Income 339,948 343,996
Interest expense (142,204) (143,758)
Gain on sale or disposal of assets and interests in unconsolidated entities, net   54,473
Net Income 197,744 254,711
Third-Party Investors’ Share of Net Income 99,686 118,809
Our Share of Net Income 98,058 135,902
Amortization of Excess Investment (22,457) (23,213)
Our Share of Gain on Sale or Disposal of Assets and Interests Included in Other Income in the Consolidated Financial Statements   (36,153)
Income from Unconsolidated Entities $ 75,601 $ 76,536