XML 61 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Investment in Unconsolidated Entities - Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
OPERATING EXPENSES:        
Income from Unconsolidated Entities $ 83,374 $ 68,221 $ 258,990 $ 203,289
Unconsolidated properties        
REVENUE:        
Minimum rent 454,315 447,790 1,351,429 1,325,056
Overage rent 45,064 43,669 141,591 136,191
Tenant reimbursements 222,788 203,832 645,994 597,461
Other income 55,558 55,060 169,044 170,600
Total revenue 777,725 750,351 2,308,058 2,229,308
OPERATING EXPENSES:        
Property operating 139,224 135,467 401,718 398,528
Depreciation and amortization 153,420 145,351 434,620 435,615
Real estate taxes 60,853 57,767 181,790 172,818
Repairs and maintenance 17,795 15,919 56,029 53,365
Advertising and promotion 18,884 20,395 62,190 54,485
(Recovery of) Provision for credit losses (133) (212) 5,441 2,937
Other 44,972 38,861 133,652 122,214
Total operating expenses 435,015 413,548 1,275,440 1,239,962
Operating Income 342,710 336,803 1,032,618 989,346
Interest expense (149,704) (147,333) (444,485) (443,396)
Gain on sale or disposal of assets and interests in unconsolidated entities 40,529   101,051 35,779
Net Income 233,535 189,470 689,184 581,729
Third-Party Investors’ Share of Net Income 118,291 95,018 337,491 296,896
Our Share of Net Income 115,244 94,452 351,693 284,833
Amortization of Excess Investment (21,901) (22,884) (70,671) (71,426)
Our Share of Gain on Sale or Disposal of Assets and Interests in Unconsolidated Entities, net (20,149)   (22,636) (16,339)
Our Share of Gain on Sale or Disposal of Assets and Interests included in Other Income in the Consolidated Financial Statements     (36,153)  
Income from Unconsolidated Entities $ 73,194 $ 71,568 $ 222,233 $ 197,068