REVENUES (Tables)

6 Months Ended

Jun. 30, 2020

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



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2020		2019		2020		2019
Revenues
From contracts with customers
Recognized at a point in time:
Condominium rights and unit sales	$	—	$	235,622	$	43	$	433,932
Master Planned Communities land sales	57,073		58,321		96,805		99,633
Builder price participation	8,947		9,369		16,706		14,564
Total revenue from contracts with customers	66,020		303,312		113,554		548,129

Recognized at a point in time and/or over time:
Other land, rental and property revenues	11,447		59,774		46,344		101,253
Total other income	11,447		59,774		46,344		101,253

Rental and other income (lease-related revenues)
Minimum rents	61,469		54,718		132,456		108,804
Tenant recoveries	17,202		13,512		38,077		27,020
Interest income from sales-type leases	35		—		917		—
Total rental income	78,706		68,230		171,450		135,824

Total revenues	$	156,173	$	431,316	$	331,348	$	785,206

Revenues by segment
Operating Assets revenues	$	84,277	$	109,219	$	198,534	$	201,172
Master Planned Communities revenues	68,913		72,859		119,359		123,755
Seaport District revenues	2,272		12,891		11,966		19,921
Strategic Developments revenues	624		236,347		1,384		440,358
Corporate revenues	87		—		105		—
Total revenues	$	156,173	$	431,316	$	331,348	$	785,206

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



	Contract
(In thousands)	Liabilities
Balance as of December 31, 2019	$	246,010
Consideration earned during the period	(30,200		)
Consideration received during the period	122,526
Balance as of June 30, 2020	$	338,336

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	$	193,994	$	433,966	$	1,048,461