XML 39 R42.htm IDEA: XBRL DOCUMENT v3.19.3
Investments in Unconsolidated Entities and International Investments - Combined Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
OPERATING EXPENSES:        
Income from Unconsolidated Entities $ 119,706 $ 134,408 $ 316,691 $ 325,263
Equity Method Investees excluding Klepierre, Aeropostale, ABG and HBS | Unconsolidated properties        
REVENUE:        
Lease income 766,740 756,955 2,285,848 2,259,451
Other income 79,025 73,259 234,337 232,747
Total revenue 845,765 830,214 2,520,185 2,492,198
OPERATING EXPENSES:        
Property operating 149,759 151,873 434,742 437,718
Depreciation and amortization 171,407 161,964 512,070 488,098
Real estate taxes 64,172 60,654 200,698 197,497
Repairs and maintenance 20,729 20,035 61,938 63,968
Advertising and promotion 19,831 20,318 63,852 65,425
Other 45,747 43,916 142,806 143,533
Total operating expenses 471,645 458,760 1,416,106 1,396,239
Operating Income Before Other Items 374,120 371,454 1,104,079 1,095,959
Interest expense (159,971) (163,855) (473,914) (505,540)
Gain on sale or disposal of, or recovery on, assets and interests in unconsolidated entities, net     21,587 25,792
Net Income 214,149 207,599 651,752 616,211
Third-Party Investors' Share of Net Income 108,792 101,750 332,078 304,174
Our Share of Net Income 105,357 105,849 319,674 312,037
Amortization of Excess Investment (20,846) (21,526) (62,413) (64,447)
Our Share of Gain on Sale or Disposal of Assets and Interest in Other Income in the Consolidated Financial Statements     (9,156)  
Our Share of Gain on Sale or Disposal of, or Recovery on, Assets and Interests in Unconsolidated Entities, net       (9,672)
Income from Unconsolidated Entities $ 84,511 $ 84,323 $ 248,105 $ 237,918