Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary of Information about Company's Reportable Operating Segments

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

	Three Months Ended June 30, 2020
	Shopping Centers			Loan Investments			Other			Total
Rental income	$	98,079		$	—					$	98,079
Other income		9,492			—						9,492
Total revenues		107,571			—						107,571
Rental operation expenses		(33,867	)		—						(33,867	)
Net operating income		73,704			—						73,704
Depreciation and amortization		(40,873	)								(40,873	)
Interest income					3,550						3,550
Other expense, net							$	(612	)		(612	)
Unallocated expenses(A)								(33,313	)		(33,313	)
Equity in net loss of joint ventures		(1,513	)								(1,513	)
Reserve of preferred equity interests, net					(4,878	)					(4,878	)
Loss on sale of joint venture interest		(128	)								(128	)
Gain on disposition of real estate, net		2									2
Loss before tax expense										$	(4,061	)

	Three Months Ended June 30, 2019
	Shopping Centers			Loan Investments			Other			Total
Rental income	$	112,274		$	—					$	112,274
Other income		16,383			—						16,383
Total revenues		128,657			—						128,657
Rental operation expenses		(36,534	)		(7	)					(36,541	)
Net operating income (loss)		92,123			(7	)					92,116
Depreciation and amortization		(40,060	)								(40,060	)
Interest income					4,521						4,521
Other expense, net							$	(85	)		(85	)
Unallocated expenses(A)								(36,019	)		(36,019	)
Equity in net income of joint ventures		1,791									1,791
Reserve of preferred equity interests, net					(4,634	)					(4,634	)
Gain on disposition of real estate, net		213									213
Income before tax expense										$	17,843

	Six Months Ended June 30, 2020
	Shopping Centers			Loan Investments			Other			Total
Rental income	$	210,608		$	—					$	210,608
Other income		26,260			13						26,273
Total revenues		236,868			13						236,881
Rental operation expenses		(70,004	)		—						(70,004	)
Net operating income		166,864			13						166,877
Depreciation and amortization		(83,866	)								(83,866	)
Interest income					7,035						7,035
Other expense, net							$	(18,021	)		(18,021	)
Unallocated expenses(A)								(65,276	)		(65,276	)
Equity in net income of joint ventures		658									658
Reserve of preferred equity interests, net					(22,935	)					(22,935	)
Gain on sale of joint venture interest		45,553									45,553
Gain on disposition of real estate, net		775									775
Income before tax expense										$	30,800
As of June 30, 2020:
Total gross real estate assets	$	4,739,604								$	4,739,604
Notes receivable, net(B)				$	89,049		$	(89,049	)	$	—

	Six Months Ended June 30, 2019
	Shopping Centers			Loan Investments			Other			Total
Rental income	$	224,495		$	—					$	224,495
Other income		35,155			29						35,184
Total revenues		259,650			29						259,679
Rental operation expenses		(73,118	)		(7	)					(73,125	)
Net operating income		186,532			22						186,554
Impairment charges		(620	)								(620	)
Depreciation and amortization		(82,668	)								(82,668	)
Interest income					9,042						9,042
Other income, net							$	68			68
Unallocated expenses(A)								(71,857	)		(71,857	)
Equity in net income of joint ventures		2,834									2,834
Reserve of preferred equity interests, net					(5,733	)					(5,733	)
Gain on disposition of real estate, net		16,590									16,590
Income before tax expense										$	54,210
As of June 30, 2019:
Total gross real estate assets	$	4,612,131								$	4,612,131
Notes receivable, net(B)				$	189,983		$	(170,313	)	$	19,670

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

(B) Amount includes BRE DDR Joint Venture preferred investment interests (Note 3) classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.