Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Financial Information Relating to Operations Presented by Segments

The following table sets forth the financial information relating to our continuing operations presented by segments and includes a reconciliation of NOI to income from continuing operations before tax and discontinued operations, the most directly comparable GAAP financial measure:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012		2011
	(In thousands)
Revenue:
South Florida	$	22,967		$	21,057		$	68,954	$	65,284
North Florida	11,117			11,874			34,016		35,761
Southeast	14,088			13,942			42,144		41,542
Northeast	12,738			8,593			35,866		25,308
West Coast	17,617			11,899			50,446		35,275
Non-retail	776			668			2,052		2,127
Total segment revenue	79,303			68,033			233,478		205,297
Add:
Straight line rent adjustment	1,131			521			3,075		2,008
Accretion of below market lease intangibles, net	3,020			1,807			9,526		5,745
Management and leasing services	499			483			1,803		1,590
Total revenue	$	83,953		$	70,844		$	247,882	$	214,640
Net operating income (NOI):
South Florida	$	15,176		$	13,572		$	46,118	$	42,300
North Florida	7,739			7,906			23,854		24,231
Southeast	10,059			9,569			29,880		28,944
Northeast	9,003			6,344			24,859		18,060
West Coast	11,505			7,572			33,164		23,158
Non-retail	281			254			955		932
Total	53,763			45,217			158,830		137,625
Add:
Straight line rent adjustment	1,131			521			3,075		2,008
Accretion of below market lease intangibles, net	3,020			1,807			9,526		5,745
Management and leasing services	499			483			1,803		1,590
Elimination of intersegment expenses	2,655			1,880			7,755		5,748
Investment income	1,586			1,515			4,615		3,175
Equity in income of unconsolidated joint ventures	469			4,426			129		4,694
Other (loss) income	(10		)	101			124		257
Gain on bargain purchase	—			—			—		30,561
Gain on sale of real estate	—			959			—		5,565
Gain on extinguishment of debt	—			—			343		255
Less:
Rental property depreciation and amortization	20,738			18,147			65,442		57,620
General and administrative	10,227			13,090			32,414		38,406
Interest expense	18,092			17,017			53,304		51,957
Amortization of deferred financing fees	627			558			1,836		1,655
Impairment loss	2,445			18,490			6,393		18,635
Income (loss) from continuing operations before tax and discontinued     operations	$	10,984		$	(10,393	)	$	26,811	$	28,950

Financial Information Relating to Assets Presented by Segments

	September 30, 2012		December 31, 2011
	(In thousands)
Assets:
South Florida	$	716,673	$	717,434
North Florida	368,705		369,540
Southeast	489,149		494,394
Northeast	846,689		645,439
West Coast	829,201		714,227
Non-retail	27,364		34,023
Corporate assets	119,187		189,016
Assets held for sale or sold	9,866		58,498
Total assets	$	3,406,834	$	3,222,571