Revenues

6 Months Ended

Jun. 30, 2022

Revenue From Contract With Customer [Abstract]

Revenues

Note 3 – Revenues

Revenues

The following table presents the Company's revenues disaggregated by revenue source for the three months ended June 30, 2022 and 2021:

	Successor		Predecessor
	Three Months Ended June 30,		Three Months Ended June 30,
	2022		2021
Rental revenues	$	131,832	$	131,316
Revenues from contracts with customers (ASC 606):
Operating expense reimbursements		1,929		1,674
Management, development and leasing fees (1)		1,786		1,449
Marketing revenues (2)		759		520
		4,474		3,643
Other revenues		712		1,602
Total revenues (3)	$	137,018	$	136,561

(1) Included in All Other segment.

(2) Marketing revenues solely relate to the Malls segment for all periods presented.

(3) Sales taxes are excluded from revenues.

The following table presents the Company's revenues disaggregated by revenue source for the six months ended June 30, 2022 and 2021:

	Successor		Predecessor
	Six Months Ended June 30,		Six Months Ended June 30,
	2022		2021
Rental revenues	$	267,164	$	259,491
Revenues from contracts with customers (ASC 606):
Operating expense reimbursements		4,118		3,830
Management, development and leasing fees (1)		3,555		3,108
Marketing revenues (2)		744		821
		8,417		7,759
Other revenues		1,539		2,495
Total revenues (3)	$	277,120	$	269,745

(1) Included in All Other segment.

(2) Marketing revenues solely relate to the Malls segment for all periods presented.

(3) Sales taxes are excluded from revenues.

See Note 9 for information on the Company's segments.

Revenues from Contracts with Customers

Outstanding Performance Obligations

The Company has outstanding performance obligations related to certain noncancellable contracts with customers for which it will receive fixed operating expense reimbursements for providing certain maintenance and other services as described above. As of June 30, 2022, the Company expects to recognize these amounts as revenue over the following periods:

Performance obligation	Less than 5 years		5-20 years		Over 20 years		Total
Fixed operating expense reimbursements	$	20,928	$	46,987	$	42,879	$	110,794

The Company evaluates its performance obligations each period and makes adjustments to reflect any known additions or cancellations. Performance obligations related to variable consideration, which is based on sales, are constrained.