REVENUES (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue disaggregated by revenue source

The following table presents the Company’s revenues disaggregated by revenue source:

	Three Months Ended March 31,
(In thousands)	2020		2019
Revenues
From contracts with customers
Recognized at a point in time:
Condominium rights and unit sales	$	43	$	198,310
Master Planned Communities land sales	39,732		41,312
Builder price participation	7,759		5,195
Total revenue from contracts with customers	47,534		244,817
Recognized at a point in time and/or over time:
Other land, rental and property revenues	34,897		41,479
Total other income	34,897		41,479
Rental and other income (lease-related revenues)
Minimum rents	70,987		54,086
Tenant recoveries	20,875		13,508
Interest income from sales-type leases	882		—
Total rental income	92,744		67,594
Total revenues	$	175,175	$	353,890
Revenues by segment
Operating Assets revenues	$	114,257	$	91,953
Master Planned Communities revenues	50,446		50,896
Seaport District revenues	9,694		7,030
Strategic Developments revenues	760		204,011
Corporate revenues	18		—
Total revenues	$	175,175	$	353,890

Contract with customer, assets and liabilities

The beginning and ending balances of contract assets and liabilities and significant activity during the period is as follows:

	Contract
(In thousands)	Liabilities
Balance as of December 31, 2019	$	246,010
Consideration earned during the period	(17,885		)
Consideration received during the period	64,432
Balance as of March 31, 2020	$	292,557

Remaining performance obligation, expected timing of satisfaction

The Company expects to recognize this amount as revenue over the following periods:

(In thousands)	Less than 1 year		1-2 years		3 years and thereafter
Total remaining unsatisfied performance obligations	$	224,740	$	432,467	$	1,026,141