Business Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2023
Real estate rental operations:
Revenue	$	44,014	$	19,752	$	—	$	63,766
Expenses	(9,945)		(7,416)		—		(17,361)
Income from real estate	34,069		12,336		—		46,405
Interest expense, net and amortization of deferred debt costs	—		—		(12,419)		(12,419)
Depreciation and amortization of deferred leasing costs	(7,156)		(4,940)		—		(12,096)
General and administrative	—		—		(5,179)		(5,179)
Net income (loss)	$	26,913	$	7,396	$	(17,598)	$	16,711
Capital investment	$	3,952	$	43,949	$	—	$	47,901
Total assets	$	920,442	$	1,016,267	$	24,214	$	1,960,923
Three Months Ended September 30, 2022
Real estate rental operations:
Revenue	$	42,478	$	18,609	$	—	$	61,087
Expenses	(8,826)		(7,247)		—		(16,073)
Income from real estate	33,652		11,362		—		45,014
Interest expense, net and amortization of deferred debt costs	—		—		(11,103)		(11,103)
Depreciation and amortization of deferred leasing costs	(7,073)		(5,122)		—		(12,195)
General and administrative	—		—		(5,555)		(5,555)
Loss on early extinguishment of debt	—		—		(648)		(648)
Net income (loss)	$	26,579	$	6,240	$	(17,306)	$	15,513
Capital investment	$	2,280	$	30,315	$	—	$	32,595
Total assets	$	936,285	$	855,797	$	17,936	$	1,810,018

Financial Information By Segment
(In thousands)	Shopping Centers		Mixed-Use Properties		Corporate and Other		Consolidated Totals
Nine Months Ended September 30, 2023
Real estate rental operations:
Revenue	$	132,214	$	58,310	$	—	$	190,524
Expenses	(28,667)		(21,424)		—		(50,091)
Income from real estate	103,547		36,886		—		140,433
Interest expense, net and amortization of deferred debt costs	—		—		(36,518)		(36,518)
Depreciation and amortization of deferred leasing costs	(21,350)		(14,877)		—		(36,227)
General and administrative	—		—		(16,125)		(16,125)
Net income (loss)	$	82,197	$	22,009	$	(52,643)	$	51,563
Capital investment	$	9,840	$	137,427	$	—	$	147,267
Total assets	$	920,442	$	1,016,267	$	24,214	$	1,960,923
Nine Months Ended September 30, 2022
Real estate rental operations:
Revenue	$	128,615	$	54,909	$	—	$	183,524
Expenses	(27,102)		(20,724)		—		(47,826)
Income from real estate	101,513		34,185		—		135,698
Interest expense, net and amortization of deferred debt costs	—		—		(32,162)		(32,162)
Depreciation and amortization of deferred leasing costs	(21,300)		(15,599)		—		(36,899)
General and administrative	—		—		(15,988)		(15,988)
Loss on early extinguishment of debt	—		—		(648)		(648)
Net income (loss)	$	80,213	$	18,586	$	(48,798)	$	50,001
Capital investment	$	6,239	$	78,270	$	—	$	84,509
Total assets	$	936,285	$	855,797	$	17,936	$	1,810,018