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SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Summary of segment operating results
Segment operating results are as follows: 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
 
2019
 
2018
 
2019
 
2018
Operating Assets Segment EBT
 
 
 
 
 
 
 
 
Total revenues
 
$
109,219

 
$
88,808

 
$
201,172

 
$
176,555

Total operating expenses
 
(48,727
)
 
(40,988
)
 
(91,639
)
 
(82,999
)
Segment operating income
 
60,492

 
47,820

 
109,533

 
93,556

Depreciation and amortization
 
(28,938
)
 
(24,198
)
 
(56,046
)
 
(47,558
)
Interest expense, net
 
(20,059
)
 
(17,308
)
 
(39,050
)
 
(33,995
)
Other income, net
 
1,088

 
71

 
1,123

 
164

Equity in earnings from real estate and other affiliates
 
45

 
(1,000
)
 
2,754

 
1,583

Segment EBT
 
12,628

 
5,385

 
18,314

 
13,750

 
 
 
 
 
 
 
 
 
MPC Segment EBT
 
 
 
 
 
 
 
 
Total revenues
 
72,859

 
62,765

 
123,755

 
118,530

Total operating expenses
 
(40,392
)
 
(37,003
)
 
(68,906
)
 
(73,371
)
Segment operating income
 
32,467

 
25,762

 
54,849

 
45,159

Depreciation and amortization
 
(86
)
 
(86
)
 
(246
)
 
(167
)
Interest income, net
 
8,283

 
6,808

 
15,826

 
13,200

Other income, net
 
72

 
—

 
67

 
—

Equity in earnings from real estate and other affiliates
 
6,499

 
14,100

 
14,336

 
25,228

Segment EBT
 
47,235

 
46,584

 
84,832

 
83,420

 
 
 
 
 
 
 
 
 
Seaport District Segment EBT
 
 
 
 
 
 
 
 
Total revenues
 
12,891

 
4,500

 
19,921

 
8,011

Total operating expenses
 
(17,972
)
 
(6,441
)
 
(32,405
)
 
(9,976
)
Segment operating loss
 
(5,081
)
 
(1,941
)
 
(12,484
)
 
(1,965
)
Depreciation and amortization
 
(6,753
)
 
(1,953
)
 
(12,946
)
 
(4,197
)
Interest (expense) income, net
 
(1,924
)
 
3,278

 
(3,456
)
 
6,995

Other loss, net
 
(61
)
 
—

 
(147
)
 
—

Equity in losses from real estate and other affiliates
 
(451
)
 
(240
)
 
(1,083
)
 
(240
)
Loss on sale or disposal of real estate
 
—

 
—

 
(6
)
 
—

Segment EBT
 
(14,270
)
 
(856
)
 
(30,122
)
 
593

Strategic Developments Segment EBT
 
 
 
 
 
 
 
 
Total revenues
 
236,347

 
24,932

 
440,358

 
39,588

Total operating expenses
 
(224,711
)
 
(35,312
)
 
(371,014
)
 
(47,339
)
Segment operating income
 
11,636

 
(10,380
)
 
69,344

 
(7,751
)
Depreciation and amortization
 
(1,260
)
 
(1,113
)
 
(2,316
)
 
(2,178
)

Interest income, net
 
3,235

 
3,139

 
6,497

 
6,946

Other (loss) income, net
 
(385
)
 
164

 
310

 
373

Equity in earnings from real estate and other affiliates
 
261

 
3,440

 
298

 
4,112

Loss on sale or disposal of real estate
 
(144
)
 
—

 
(144
)
 
—

Segment EBT
 
13,343

 
(4,750
)
 
73,989

 
1,502

 
 
 
 
 
 
 
 
 
Consolidated Segment EBT
 
 
 
 
 
 
 
 
Total revenues
 
431,316

 
181,005

 
785,206

 
342,684

Total operating expenses
 
(331,802
)
 
(119,744
)
 
(563,964
)
 
(213,685
)
Segment operating income
 
99,514

 
61,261

 
221,242

 
128,999

Depreciation and amortization
 
(37,037
)
 
(27,350
)
 
(71,554
)
 
(54,100
)
Interest expense, net
 
(10,465
)
 
(4,083
)
 
(20,183
)
 
(6,854
)
Other income, net
 
714

 
235

 
1,353

 
537

Equity in earnings from real estate and other affiliates
 
6,354

 
16,300

 
16,305

 
30,683

Loss on sale or disposal of real estate
 
(144
)
 
—

 
(150
)
 
—

Consolidated segment EBT
 
58,936

 
46,363

 
147,013

 
99,265

 
 
 
 
 
 
 
 

Corporate expenses and other items
 
45,608

 
52,242

 
101,760

 
103,310

Net income (loss)
 
13,328

 
(5,879
)
 
45,253

 
(4,045
)
Net loss attributable to noncontrolling interests
 
149

 
791

 
45

 
431

Net income (loss) attributable to common stockholders
 
$
13,477

 
$
(5,088
)
 
$
45,298

 
$
(3,614
)
Summary of assets by segment and the reconciliation of total segment assets to the total assets in the Condensed Consolidated Balance Sheets
The assets by segment and the reconciliation of total segment assets to the Total assets in the Condensed Consolidated Balance Sheets are summarized as follows:
 
 
June 30,
 
December 31,
(In thousands)
 
2019
 
2018
Operating Assets
 
$
2,713,098

 
$
2,562,257

Master Planned Communities
 
2,192,267

 
2,076,678

Seaport District
 
919,329

 
839,522

Strategic Developments
 
1,416,669

 
1,538,917

Total segment assets
 
7,241,363

 
7,017,374

Corporate and other
 
467,815

 
338,425

Total assets
 
$
7,709,178

 
$
7,355,799