XML 119 R103.htm IDEA: XBRL DOCUMENT v3.20.4
SEGMENTS (Summary of Segment Operating Results) (Details)
ft² in Thousands
12 Months Ended
Aug. 18, 2020
USD ($)
Dec. 31, 2020
USD ($)
ft²
location
segment
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Segments reporting        
Number of operating segments | segment   4    
Number of operating locations | location   2    
Total revenues   $ 699,489,000 $ 1,300,539,000 $ 1,064,537,000
Depreciation and amortization   (217,467,000) (155,798,000) (126,565,000)
Other income (loss), net   130,000 12,179,000 (936,000)
Equity in earnings (losses) from real estate and other affiliates   271,099,000 30,629,000 39,954,000
Gain (loss) on sale or disposal of real estate and other assets, net   59,942,000 22,362,000 (4,000)
Selling profit from sales-type leases   0 13,537,000  
Gain (loss) on extinguishment of debt $ (13,200,000) (13,169,000) 4,641,000 0
Provision for impairment   (48,738,000) 0 0
Income (loss) before income taxes   8,480,000 103,540,000 73,218,000
Net income (loss)   (3,173,000) 74,295,000 57,726,000
Net (income) loss attributable to noncontrolling interests   (22,981,000) (339,000) (714,000)
Net income (loss) attributable to common stockholders   (26,154,000) 73,956,000 57,012,000
Operating Assets Segment        
Segments reporting        
Total revenues   372,057,000 400,131,000 348,242,000
MPC Segment        
Segments reporting        
Total revenues   $ 283,953,000 386,781,000 309,451,000
Seaport District Segment        
Segments reporting        
Area of real estate property | ft²   453    
Number of primary locations | location   3    
Total revenues   $ 23,814,000 55,645,000 32,632,000
Strategic Developments Segment        
Segments reporting        
Total revenues   19,407,000 457,948,000 374,212,000
Operating Segments        
Segments reporting        
Total revenues   699,231,000 1,300,505,000 1,064,537,000
Total operating expenses   (495,349,000) (840,514,000) (668,484,000)
Operating income   203,882,000 459,991,000 396,053,000
Depreciation and amortization   (210,836,000) (147,777,000) (119,309,000)
Interest expense (income), net   (61,024,000) (50,554,000) (25,865,000)
Other income (loss), net   89,000 2,552,000 (3,972,000)
Equity in earnings (losses) from real estate and other affiliates   271,099,000 30,629,000 39,937,000
Gain (loss) on sale or disposal of real estate and other assets, net   59,942,000 27,113,000 (4,000)
Selling profit from sales-type leases   0 13,537,000  
Gain (loss) on extinguishment of debt   (13,169,000) 4,851,000  
Provision for impairment   (48,738,000)    
Income (loss) before income taxes   201,245,000 340,342,000 286,840,000
Operating Segments | Operating Assets Segment        
Segments reporting        
Total revenues   372,057,000 400,131,000 348,242,000
Total operating expenses   (185,480,000) (187,322,000) (164,445,000)
Operating income   186,577,000 212,809,000 183,797,000
Depreciation and amortization   (162,324,000) (115,499,000) (103,293,000)
Interest expense (income), net   (91,411,000) (81,029,000) (71,551,000)
Other income (loss), net   540,000 1,142,000 (7,107,000)
Equity in earnings (losses) from real estate and other affiliates   (7,366,000) 3,672,000 1,994,000
Gain (loss) on sale or disposal of real estate and other assets, net   38,232,000 0 (4,000)
Selling profit from sales-type leases   0 13,537,000  
Gain (loss) on extinguishment of debt   (1,521,000) 0  
Provision for impairment   (48,738,000)    
Income (loss) before income taxes   (86,011,000) 34,632,000 3,836,000
Operating Segments | Operating Assets Segment | Hospitality revenues        
Segments reporting        
Total revenues   35,200,000 87,900,000 82,000,000.0
Total operating expenses   (32,300,000) (60,200,000) (59,200,000)
Operating Segments | MPC Segment        
Segments reporting        
Total revenues   283,953,000 386,781,000 309,451,000
Total operating expenses   (128,597,000) (183,472,000) (163,517,000)
Operating income   155,356,000 203,309,000 145,934,000
Depreciation and amortization   (365,000) (424,000) (243,000)
Interest expense (income), net   36,587,000 32,019,000 26,919,000
Other income (loss), net   0 601,000 18,000
Equity in earnings (losses) from real estate and other affiliates   17,845,000 28,336,000 36,284,000
Gain (loss) on sale or disposal of real estate and other assets, net   0 0 0
Selling profit from sales-type leases   0 0  
Gain (loss) on extinguishment of debt   0 0  
Provision for impairment   0    
Income (loss) before income taxes   209,423,000 263,841,000 208,912,000
Operating Segments | Seaport District Segment        
Segments reporting        
Total revenues   23,814,000 55,645,000 32,632,000
Total operating expenses   (46,112,000) (77,872,000) (49,716,000)
Operating income   (22,298,000) (22,227,000) (17,084,000)
Depreciation and amortization   (41,602,000) (26,381,000) (12,466,000)
Interest expense (income), net   (12,512,000) (12,865,000) 6,291,000
Other income (loss), net   (2,616,000) (22,000) 102,000
Equity in earnings (losses) from real estate and other affiliates   (9,292,000) (2,592,000) (705,000)
Gain (loss) on sale or disposal of real estate and other assets, net   0 (6,000) 0
Selling profit from sales-type leases   0 0  
Gain (loss) on extinguishment of debt   (11,648,000) 4,851,000  
Provision for impairment   0    
Income (loss) before income taxes   (99,968,000) (59,242,000) (23,862,000)
Operating Segments | Strategic Developments Segment        
Segments reporting        
Total revenues   19,407,000 457,948,000 374,212,000
Total operating expenses   (135,160,000) (391,848,000) (290,806,000)
Operating income   (115,753,000) 66,100,000 83,406,000
Depreciation and amortization   (6,545,000) (5,473,000) (3,307,000)
Interest expense (income), net   6,312,000 11,321,000 12,476,000
Other income (loss), net   2,165,000 831,000 3,015,000
Equity in earnings (losses) from real estate and other affiliates   269,912,000 1,213,000 2,364,000
Gain (loss) on sale or disposal of real estate and other assets, net   21,710,000 27,119,000 0
Selling profit from sales-type leases   0 0  
Gain (loss) on extinguishment of debt   0 0  
Provision for impairment   0    
Income (loss) before income taxes   177,801,000 101,111,000 97,954,000
Corporate        
Segments reporting        
Corporate expenses and other items   $ (204,418,000) $ (266,047,000) $ (229,114,000)
Tin Building | Seaport District Segment        
Segments reporting        
Area of real estate property | ft²   53