XML 60 R51.htm IDEA: XBRL DOCUMENT v3.22.2.2
Investments in Unconsolidated Joint Ventures - Combined Condensed Statements of Operations of Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Leasing revenue $ 195,594 $ 197,135 $ 587,596 $ 573,657
Total revenues 210,704 212,137 630,939 618,034
Expenses:        
Leasing expenses 8,704 6,200 24,463 18,003
Interest expense 52,630 40,336 157,680 149,146
Depreciation and amortization 72,739 75,465 218,053 231,491
Total expenses 232,099 215,904 688,862 680,983
Gain (loss) on sale or write down of assets, net 1,405 118,566 6,767 93,356
Net (loss) income (13,502) 112,959 (68,541) 41,167
Company's equity in net (loss) income 6,322 (1,733) (16,422) 20,212
Other        
Revenues:        
Other 7,503 8,215 21,911 25,391
Shopping center and operating expenses        
Expenses:        
Shopping center and operating expenses 74,694 70,696 217,342 214,506
Joint Venture        
Revenues:        
Leasing revenue 208,675 204,348 624,857 582,137
Total revenues 210,760 211,020 637,166 638,789
Expenses:        
Leasing expenses 1,627 1,295 4,982 4,529
Interest expense 53,102 52,284 156,180 158,024
Depreciation and amortization 88,271 85,888 268,168 265,191
Total expenses 213,399 217,172 633,818 640,096
Gain (loss) on sale or write down of assets, net 25,788 762 (30,870) 581
Net (loss) income 23,149 (5,390) (27,522) (726)
Company's equity in net (loss) income 6,322 (1,733) (16,422) 20,212
Joint Venture | PPR Portfolio        
Revenues:        
Leasing revenue 44,157 44,304 136,344 122,311
Total revenues 44,308 44,318 136,613 122,455
Expenses:        
Leasing expenses 424 332 1,258 1,106
Interest expense 15,546 15,801 46,299 47,438
Depreciation and amortization 24,269 24,154 72,760 73,042
Total expenses 51,188 50,365 152,124 150,925
Gain (loss) on sale or write down of assets, net 0 0 0 0
Net (loss) income (6,880) (6,047) (15,511) (28,470)
Company's equity in net (loss) income 1,851 (1,390) (2,354) (10,269)
Joint Venture | Other Joint Ventures        
Revenues:        
Leasing revenue 164,518 160,044 488,513 459,826
Total revenues 166,452 166,702 500,553 516,334
Expenses:        
Leasing expenses 1,203 963 3,724 3,423
Interest expense 37,556 36,483 109,881 110,586
Depreciation and amortization 64,002 61,734 195,408 192,149
Total expenses 162,211 166,807 481,694 489,171
Gain (loss) on sale or write down of assets, net 25,788 762 (30,870) 581
Net (loss) income 30,029 657 (12,011) 27,744
Company's equity in net (loss) income 4,471 (343) (14,068) 30,481
Joint Venture | Other        
Revenues:        
Other 2,085 6,672 12,309 56,652
Joint Venture | Other | PPR Portfolio        
Revenues:        
Other 151 14 269 144
Joint Venture | Other | Other Joint Ventures        
Revenues:        
Other 1,934 6,658 12,040 56,508
Joint Venture | Shopping center and operating expenses        
Expenses:        
Shopping center and operating expenses 70,399 77,705 204,488 212,352
Joint Venture | Shopping center and operating expenses | PPR Portfolio        
Expenses:        
Shopping center and operating expenses 10,949 10,078 31,807 29,339
Joint Venture | Shopping center and operating expenses | Other Joint Ventures        
Expenses:        
Shopping center and operating expenses $ 59,450 $ 67,627 $ 172,681 $ 183,013