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Business Segments
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Business Segments
Business Segments
The Company has two reportable business segments: Shopping Centers and Mixed-Use Properties. The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates performance based upon income and cash flows from real estate of the combined properties in each segment. All of our properties within each segment generate similar types of revenues and expenses related to tenant rent, reimbursements and operating expenses. Although services are provided to a range of tenants, the types of services provided to them are similar within each segment. The properties in each portfolio have similar economic characteristics and the nature of the products and services provided to our tenants and the method to distribute such services are consistent throughout the portfolio. Certain reclassifications have been made to prior year information to conform to the 2016 presentation.

 
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Three months ended September 30, 2016
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
38,738

 
$
14,484

 
$
11

 
$
53,233

Expenses
(8,330
)
 
(4,941
)
 
—

 
(13,271
)
Income from real estate
30,408

 
9,543

 
11

 
39,962

Interest expense and amortization of deferred debt costs
—

 
—

 
(11,524
)
 
(11,524
)
General and administrative
—

 
—

 
(4,033
)
 
(4,033
)
Acquisition related costs
(57
)
 
—

 
—

 
(57
)
Subtotal
30,351

 
9,543

 
(15,546
)
 
24,348

Depreciation and amortization of deferred leasing costs
(7,732
)
 
(3,894
)
 
—

 
(11,626
)
Change in fair value of derivatives
—

 
—

 
1

 
1

Net income (loss)
$
22,619

 
$
5,649

 
$
(15,545
)
 
$
12,723

Capital investment
$
13,854

 
$
4,399

 
$
—

 
$
18,253

Total assets
$
938,124

 
$
363,439

 
$
9,441

 
$
1,311,004

 
 
 
 
 
 
 
 
Three months ended September 30, 2015
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
38,903

 
$
13,462

 
$
11

 
$
52,376

Expenses
(8,295
)
 
(4,567
)
 
—

 
(12,862
)
Income from real estate
30,608

 
8,895

 
11

 
39,514

Interest expense and amortization of deferred debt costs
—

 
—

 
(11,229
)
 
(11,229
)
General and administrative
—

 
—

 
(3,802
)
 
(3,802
)
Predevelopment expenses
(57
)
 
—

 
—

 
(57
)
Acquisition related costs
(57
)
 
—

 
—

 
(57
)
Subtotal
30,494

 
8,895

 
(15,020
)
 
24,369

Depreciation and amortization of deferred leasing costs
(7,779
)
 
(3,352
)
 
—

 
(11,131
)
Change in fair value of derivatives
—

 
—

 
(6
)
 
(6
)
Net income (loss)
$
22,715

 
$
5,543

 
$
(15,026
)
 
$
13,232

Capital investment
$
7,404

 
$
16,932

 
$
—

 
$
24,336

Total assets
$
941,421

 
$
340,983

 
$
14,546

 
$
1,296,950

 
 
 
 
 
 
 
 
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Nine months ended September 30, 2016
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
120,861

 
$
41,972

 
$
36

 
$
162,869

Expenses
(26,519
)
 
(13,694
)
 
—

 
(40,213
)
Income from real estate
94,342

 
28,278

 
36

 
122,656

Interest expense and amortization of deferred debt costs
—

 
—

 
(34,268
)
 
(34,268
)
General and administrative
—

 
—

 
(12,500
)
 
(12,500
)
Acquisition related costs
(57
)
 
—

 
—

 
(57
)
Subtotal
94,285

 
28,278

 
(46,732
)
 
75,831

Depreciation and amortization of deferred leasing costs
(22,774
)
 
(10,704
)
 
—

 
(33,478
)
Change in fair value of derivatives
—

 
—

 
(9
)
 
(9
)
Net income (loss)
$
71,511

 
$
17,574

 
$
(46,741
)
 
$
42,344

Capital investment
$
20,258

 
$
24,427

 
$
—

 
$
44,685

Total assets
$
938,124

 
$
363,439

 
$
9,441

 
$
1,311,004

 
 
 
 
 
 
 
 
Nine months ended September 30, 2015
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
116,567

 
$
39,571

 
$
37

 
$
156,175

Expenses
(25,785
)
 
(13,326
)
 
—

 
(39,111
)
Income from real estate
90,782

 
26,245

 
37

 
117,064

Interest expense and amortization of deferred debt costs
—

 
—

 
(33,988
)
 
(33,988
)
General and administrative
—

 
—

 
(11,712
)
 
(11,712
)
Predevelopment expenses
(57
)
 
—

 
—

 
(57
)
Acquisition related costs
(78
)
 
—

 
—

 
(78
)
Subtotal
90,647

 
26,245

 
(45,663
)
 
71,229

Depreciation and amortization of deferred leasing costs
(22,633
)
 
(9,749
)
 
—

 
(32,382
)
Gain on sale of property
11

 
—

 
—

 
11

Change in fair value of derivatives
—

 
—

 
(12
)
 
(12
)
Net income (loss)
$
68,025

 
$
16,496

 
$
(45,675
)
 
$
38,846

Capital investment
$
12,883

 
$
37,030

 
$
—

 
$
49,913

Total assets
$
941,421

 
$
340,983

 
$
14,546

 
$
1,296,950