Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Information

12. Segment Information

The tables below present information about the Company’s reportable operating segments (in thousands):

	Three Months Ended March 31, 2018
	Shopping Centers			Loan Investments			Other			Total
Lease revenue and other property revenue	$	207,511		$	14					$	207,525
Revenue from contracts with customers		7,543		—							7,543
Total revenues		215,054			14						215,068
Rental operation expenses		(61,780	)		—						(61,780	)
Net operating income		153,274			14						153,288
Impairment charges		(30,444	)								(30,444	)
Depreciation and amortization		(74,424	)								(74,424	)
Interest income					5,341						5,341
Other income (expense), net							$	(61,607	)		(61,607	)
Unallocated expenses(A)								(60,137	)		(60,137	)
Hurricane casualty loss		(750	)								(750	)
Equity in net income of joint ventures		8,786									8,786
Reserve of preferred equity interests					(3,961	)					(3,961	)
Loss from continuing operations										$	(63,908	)
As of March 31, 2018:
Total gross real estate assets	$	8,074,030								$	8,074,030
Notes receivable, net(B)				$	256,600		$	(236,925	)	$	19,675

	Three Months Ended March 31, 2017
	Shopping Centers			Loan Investments			Other			Total
Lease revenue and other property revenue	$	231,782		$	15					$	231,797
Revenue from contracts with customers		8,624		—							8,624
Total revenues		240,406			15						240,421
Rental operation expenses		(67,320	)		—						(67,320	)
Net operating income		173,086			15						173,101
Impairment charges		(21,973	)								(21,973	)
Depreciation and amortization		(90,884	)								(90,884	)
Interest income					8,392						8,392
Other income (expense), net							$	(4	)		(4	)
Unallocated expenses(A)								(83,122	)		(83,122	)
Equity in net loss of joint ventures		(1,665	)								(1,665	)
Reserve of preferred equity interests					(76,000	)					(76,000	)
Loss from continuing operations										$	(92,155	)
As of March 31, 2017:
Total gross real estate assets	$	9,185,537								$	9,185,537
Notes receivable, net(B)				$	369,200		$	(319,305	)	$	49,895

(A) Unallocated expenses consist of General and Administrative Expenses, Interest Expense and Tax Expense as listed in the Company’s consolidated statements of operations.  

(B) Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.