Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Business Segments

Financial Information By Segment
(In thousands)	Shopping Centers		Mixed-Use Properties		Corporate and Other		Consolidated Totals
Three Months Ended June 30, 2023
Real estate rental operations:
Revenue	$	43,974	$	19,735	$	—	$	63,709
Expenses	(9,462)		(6,988)		—		(16,450)
Income from real estate	34,512		12,747		—		47,259
Interest expense, net and amortization of deferred debt costs	—		—		(12,278)		(12,278)
Depreciation and amortization of deferred leasing costs	(7,066)		(5,048)		—		(12,114)
General and administrative	—		—		(5,678)		(5,678)
Net income (loss)	$	27,446	$	7,699	$	(17,956)	$	17,189
Capital investment	$	4,221	$	51,989	$	—	$	56,210
Total assets	$	915,274	$	972,258	$	19,162	$	1,906,694
Three Months Ended June 30, 2022
Real estate rental operations:
Revenue	$	42,038	$	18,255	$	—	$	60,293
Expenses	(8,184)		(6,613)		—		(14,797)
Income from real estate	33,854		11,642		—		45,496
Interest expense, net and amortization of deferred debt costs	—		—		(10,457)		(10,457)
Depreciation and amortization of deferred leasing costs	(7,086)		(5,291)		—		(12,377)
General and administrative	—		—		(5,665)		(5,665)
Net income (loss)	$	26,768	$	6,351	$	(16,122)	$	16,997
Capital investment	$	2,427	$	32,619	$	—	$	35,046
Total assets	$	937,509	$	831,078	$	13,899	$	1,782,486

(In thousands)	Shopping Centers		Mixed-Use Properties		Corporate and Other		Consolidated Totals
Six Months Ended June 30, 2023
Real estate rental operations:
Revenue	$	88,199	$	38,559	$	—	$	126,758
Expenses	(18,722)		(14,009)		—		(32,731)
Income from real estate	69,477		24,550		—		94,027
Interest expense, net and amortization of deferred debt costs	—		—		(24,099)		(24,099)
Depreciation and amortization of deferred leasing costs	(14,193)		(9,937)		—		(24,130)
General and administrative	—		—		(10,946)		(10,946)
Net income (loss)	$	55,284	$	14,613	$	(35,045)	$	34,852
Capital investment	$	5,888	$	93,478	$	—	$	99,366
Total assets	$	915,274	$	972,258	$	19,162	$	1,906,694
Six Months Ended June 30, 2022
Real estate rental operations:
Revenue	$	86,137	$	36,300	$	—	$	122,437
Expenses	(18,276)		(13,477)		—		(31,753)
Income from real estate	67,861		22,823		—		90,684
Interest expense, net and amortization of deferred debt costs	—		—		(21,059)		(21,059)
Depreciation and amortization of deferred leasing costs	(14,227)		(10,477)		—		(24,704)
General and administrative	—		—		(10,433)		(10,433)
Net income (loss)	$	53,634	$	12,346	$	(31,492)	$	34,488
Capital investment	$	3,959	$	47,955	$	—	$	51,914
Total assets	$	937,509	$	831,078	$	13,899	$	1,782,486