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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
➣
 PAY VERSUS PERFORMANCE DISCLOSURE
 
                                
Value of Initial Fixed $100
Investment Based On:
                
Year
   
Summary
Compenstion
Table Total for
PEO
(1)
     
Compensation
Actually Paid to
PEO
(1)
     
Average
Summary
Compenstion
Table Total for
non-PEO NEOs
(2)
     
Average
Compensation
Actually Paid to
non-PEO NEOs
(2)
     
Total
Shareholder
Return
     
Peer Group
Total
Shareholder
Return
(3)
     
Net
Income
(in 000s)
     
FFO per
Diluted
Share
(4)
  
2023
    $ 8,941,820      $ 9,972,582      $ 2,499,276      $ 2,742,212      $ 95.04      $ 113.74      $ 247,217      $ 6.55  
2022
    $ 8,916,031      $ 6,570,796      $ 2,177,775      $ 1,669,484      $ 89.10      $ 104.09      $ 395,661      $ 6.32  
2021
    $ 7,520,917      $ 15,446,709      $ 2,955,860      $ 3,999,185      $ 115.21      $ 119.96      $ 269,081      $ 5.57  
2020
    $ 7,481,796      $ 1,832,214      $ 1,753,182      $ 859,320      $ 69.44      $ 73.36      $ 135,888      $ 4.38  
 
(1)
 
Mr. Wood was our principal executive officer for all years shown. Following are the adjustments made during each year shown to arrive at compensation actually paid to our principal executive officer during each year.
 
    
PEO
  
Adjustments
   
2023
    
2022
    
2021
    
2020
  
Amounts reported under "Stock Awards" in SCT
     $ (6,502,565 )    $ (6,474,391 )    $ (5,213,719 )    $ (5,830,493 ) 
Change Fair Value of Awards Granted in Year and Unvested as of Year-End
     $ 6,203,610     $   5,171,732     $ 7,421,261     $ 3,899,517  
Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End
     $ 406,886     $ (1,546,034 )    $ 4,544,000     $ (3,866,637 ) 
Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year
     $ 449,965     $ 66,969     $ 765,243     $ (223,600 ) 
Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award
     $   472,866     $ 436,488     $   409,008     $   371,631  
  
 
 
    
 
 
  
Total Adjustments
   
 $
1,030,762
 
  
$
(2,345,236
) 
  
$
7,925,792
 
  
$
(5,649,582
) 
 
(2)
 
For 2020, our other NEOs included Mr. Guglielmone and Ms. Becker. For 2021, 2022 and 2023, our other NEOs included Mr. Berkes, Mr. Guglielmone and Ms. Becker. Following are the adjustments made during each year shown to arrive at the average compensation actually paid to our other NEOs during each year.
 
    
Average of Other NEOs
  
Adjustments
   
2023
    
2022
    
2021
    
2020
  
Amounts reported under "Stock Awards" in SCT
     $ (1,143,120 )    $ (941,423 )    $ (1,903,744 )    $ (863,272 ) 
Change Fair Value of Awards Granted in Year and Unvested as of Year-End
     $   1,090,565     $   752,007     $   1,669,647     $   577,369  
Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End
     $ 99,558     $ (433,020 )    $ 1,024,717     $ (616,362 ) 
Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year
     $ 91,527     $ 5,263     $ 149,658     $ (51,710 ) 
Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award
     $ 104,406     $ 108,881     $ 103,048     $ 60,114  
  
 
 
    
 
 
  
Total Adjustments
   
 $
242,936
 
  
$
(508,292
) 
  
$
1,043,325
 
  
$
(893,862
) 
 
 
(3)
 
Peer group is the BBRESHOP Index.
(4)
 
The Company has identified FFO per diluted share as the most important additional financial metric used to link pay and performance. Our annual bonus program pays out based on our absolute level of FFO per diluted share achieved for the year and
one-third
of our long-term incentive plan pays out based on a metric tied to FFO per diluted share. FFO per diluted share is a
non-GAAP
financial measure of a real estate company’s operating performance and is defined by the National Association of Real Estate Investment Trusts. We consider FFO per diluted share a meaningful measure of operating performance primarily because it avoids the assumption that the value of real estate assets diminishes predictably over time and is a primary way of evaluating our operating performance as compared to other real estate investment trusts. A reconciliation of FFO per diluted share to net income is included as Appendix A.
     
Company Selected Measure Name FFO per diluted share      
Named Executive Officers, Footnote For 2020, our other NEOs included Mr. Guglielmone and Ms. Becker. For 2021, 2022 and 2023, our other NEOs included Mr. Berkes, Mr. Guglielmone and Ms. Becker.      
Peer Group Issuers, Footnote Peer group is the BBRESHOP Index.      
PEO Total Compensation Amount $ 8,941,820 $ 8,916,031 $ 7,520,917 $ 7,481,796
PEO Actually Paid Compensation Amount $ 9,972,582 6,570,796 15,446,709 1,832,214
Adjustment To PEO Compensation, Footnote Following are the adjustments made during each year shown to arrive at compensation actually paid to our principal executive officer during each year.
    
PEO
  
Adjustments
   
2023
    
2022
    
2021
    
2020
  
Amounts reported under "Stock Awards" in SCT
     $ (6,502,565 )    $ (6,474,391 )    $ (5,213,719 )    $ (5,830,493 ) 
Change Fair Value of Awards Granted in Year and Unvested as of Year-End
     $ 6,203,610     $   5,171,732     $ 7,421,261     $ 3,899,517  
Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End
     $ 406,886     $ (1,546,034 )    $ 4,544,000     $ (3,866,637 ) 
Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year
     $ 449,965     $ 66,969     $ 765,243     $ (223,600 ) 
Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award
     $   472,866     $ 436,488     $   409,008     $   371,631  
  
 
 
    
 
 
  
Total Adjustments
   
 $
1,030,762
 
  
$
(2,345,236
) 
  
$
7,925,792
 
  
$
(5,649,582
) 
 
      
Non-PEO NEO Average Total Compensation Amount $ 2,499,276 2,177,775 2,955,860 1,753,182
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,742,212 1,669,484 3,999,185 859,320
Adjustment to Non-PEO NEO Compensation Footnote Following are the adjustments made during each year shown to arrive at the average compensation actually paid to our other NEOs during each year.
    
Average of Other NEOs
  
Adjustments
   
2023
    
2022
    
2021
    
2020
  
Amounts reported under "Stock Awards" in SCT
     $ (1,143,120 )    $ (941,423 )    $ (1,903,744 )    $ (863,272 ) 
Change Fair Value of Awards Granted in Year and Unvested as of Year-End
     $   1,090,565     $   752,007     $   1,669,647     $   577,369  
Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End
     $ 99,558     $ (433,020 )    $ 1,024,717     $ (616,362 ) 
Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year
     $ 91,527     $ 5,263     $ 149,658     $ (51,710 ) 
Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award
     $ 104,406     $ 108,881     $ 103,048     $ 60,114  
  
 
 
    
 
 
  
Total Adjustments
   
 $
242,936
 
  
$
(508,292
) 
  
$
1,043,325
 
  
$
(893,862
) 
 
      
Compensation Actually Paid vs. Total Shareholder Return
The following charts show the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs to the total shareholder return for the Company and for the BBRESHOP Index.
 
LOGO   LOGO
 
  *
Compensation actually paid is shown in thousands.
     
Compensation Actually Paid vs. Net Income
The following charts show the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs as compared to our GAAP reported net income and our FFO per diluted share.
 
LOGO   LOGO
 
  *
Net income is shown in ten thousands.
     
Compensation Actually Paid vs. Company Selected Measure
The following charts show the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs as compared to our GAAP reported net income and our FFO per diluted share.
 
LOGO   LOGO
 
  *
Net income is shown in ten thousands.
     
Total Shareholder Return Vs Peer Group
The following charts show the relationship of the compensation actually paid to our CEO and the average compensation actually paid to our other NEOs to the total shareholder return for the Company and for the BBRESHOP Index.
 
LOGO   LOGO
 
  *
Compensation actually paid is shown in thousands.
     
Tabular List, Table
Other Important Financial Performance Measures for Executive Compensation
Following is a list of the most important financial and
non-financial
measures used to link executive compensation and company performance.
 
  •  
Return on invested capital
  •  
Relative total shareholder return compared to the BBRESHP Index
  •  
Relative FFO per diluted share multiple premium
  •  
Individual performance including consideration of things such as leasing and occupancy activity, investment activity and advancement of ESG objectives
Please see the Compensation Discussion and Analysis on pages 19 to 30 for more information on these measures and how they are taken into account in determining compensation for each of our NEOs.
     
Total Shareholder Return Amount $ 95.04 89.1 115.21 69.44
Peer Group Total Shareholder Return Amount 113.74 104.09 119.96 73.36
Net Income (Loss) $ 247,217,000 $ 395,661,000 $ 269,081,000 $ 135,888,000
Company Selected Measure Amount 6.55 6.32 5.57 4.38
PEO Name Mr. Wood      
Measure:: 1        
Pay vs Performance Disclosure        
Name Return on invested capital      
Measure:: 2        
Pay vs Performance Disclosure        
Name Relative total shareholder return compared to the BBRESHP Index      
Measure:: 3        
Pay vs Performance Disclosure        
Name Relative FFO per diluted share multiple premium      
Measure:: 4        
Pay vs Performance Disclosure        
Name Individual performance including consideration of things such as leasing and occupancy activity, investment activity and advancement of ESG objectives      
Measure:: 5        
Pay vs Performance Disclosure        
Name FFO per diluted share      
Non-GAAP Measure Description FFO per diluted share is a
non-GAAP
financial measure of a real estate company’s operating performance and is defined by the National Association of Real Estate Investment Trusts. We consider FFO per diluted share a meaningful measure of operating performance primarily because it avoids the assumption that the value of real estate assets diminishes predictably over time and is a primary way of evaluating our operating performance as compared to other real estate investment trusts. A reconciliation of FFO per diluted share to net income is included as Appendix A. 		     
PEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 1,030,762 $ (2,345,236) $ 7,925,792 $ (5,649,582)
PEO | Amounts reported under Stock Awards in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (6,502,565) (6,474,391) (5,213,719) (5,830,493)
PEO | Change Fair Value of Awards Granted in Year and Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,203,610 5,171,732 7,421,261 3,899,517
PEO | Change in Fair Value from Prior YearEnd to Current YearEnd of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 406,886 (1,546,034) 4,544,000 (3,866,637)
PEO | Change in Fair Value from Prior YearEnd to Vesting Date of Awards Granted Prior to Year that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 449,965 66,969 765,243 (223,600)
PEO | Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 472,866 436,488 409,008 371,631
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 242,936 (508,292) 1,043,325 (893,862)
Non-PEO NEO | Amounts reported under Stock Awards in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,143,120) (941,423) (1,903,744) (863,272)
Non-PEO NEO | Change Fair Value of Awards Granted in Year and Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,090,565 752,007 1,669,647 577,369
Non-PEO NEO | Change in Fair Value from Prior YearEnd to Current YearEnd of Awards Granted Prior to Year that were Outstanding and Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 99,558 (433,020) 1,024,717 (616,362)
Non-PEO NEO | Change in Fair Value from Prior YearEnd to Vesting Date of Awards Granted Prior to Year that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 91,527 5,263 149,658 (51,710)
Non-PEO NEO | Increase based on Dividends or Other Earnings Paid During Year prior to Vesting Date of Award [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 104,406 $ 108,881 $ 103,048 $ 60,114