XML 78 R49.htm IDEA: XBRL DOCUMENT v3.24.0.1
Investments in Unconsolidated Entities and International Investments - European Investments (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2023
USD ($)
property
$ / shares
shares
Sep. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
property
Sep. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2023
USD ($)
property
$ / shares
shares
Dec. 31, 2022
USD ($)
property
Dec. 31, 2021
USD ($)
property
Jan. 01, 2021
USD ($)
Investment in Unconsolidated Entities                          
Total assets $ 34,283,495       $ 33,011,274         $ 34,283,495 $ 33,011,274    
Total liabilities 30,595,897       29,187,383         30,595,897 29,187,383    
Noncontrolling interests 468,815       473,128         468,815 473,128    
Total revenue 1,527,438 $ 1,410,948 $ 1,369,601 $ 1,350,849 1,399,898 $ 1,315,786 $ 1,279,842 $ 1,295,922   5,658,836 5,291,447 $ 5,116,789  
Operating income before other items 792,139 694,234 657,925 662,723 684,205 652,196 626,761 620,391   2,807,022 2,583,553 2,413,190  
Consolidated Net Income 859,496 $ 680,762 $ 557,505 $ 519,255 772,748 $ 621,847 $ 569,480 $ 488,310   2,617,018 2,452,385 $ 2,568,707  
Klepierre                          
Investment in Unconsolidated Entities                          
Investment, in equity $ 1,527,872       $ 1,561,112         $ 1,527,872 $ 1,561,112    
European Joint Venture | Designer Outlet properties                          
Investment in Unconsolidated Entities                          
Number of properties | property 12       11         12 11 11  
European Joint Venture | Designer Outlet properties | Minimum                          
Investment in Unconsolidated Entities                          
Ownership interest (as a percent) 23.00%                 23.00%      
European Joint Venture | Designer Outlet properties | Maximum                          
Investment in Unconsolidated Entities                          
Ownership interest (as a percent) 94.00%                 94.00%      
European Property Management and Development | Designer Outlet properties                          
Investment in Unconsolidated Entities                          
Ownership interest (as a percent) 50.00%                 50.00%      
Europe | Klepierre                          
Investment in Unconsolidated Entities                          
Total assets $ 16,114,513       $ 16,016,137         $ 16,114,513 $ 16,016,137    
Total liabilities 10,282,111       10,074,502         10,282,111 10,074,502    
Noncontrolling interests $ 1,255,479       1,226,734         1,255,479 1,226,734    
Total revenue                   1,359,246 1,308,409 $ 1,240,277  
Operating income before other items                   618,260 590,829 380,470  
Consolidated Net Income                   347,311 581,075 848,104  
Our Share of Net Income                   64,805 116,084 164,575  
Amortization of Excess Investment                   $ (17,658) (13,937) (19,444)  
Europe | Outlet Center In Ochtrup                          
Investment in Unconsolidated Entities                          
Mortgage debt assumed                         $ 47,100
Investment, in equity                         $ 48,700
Non-cash gain on remeasurement of equity interest to fair value                 $ 3,700        
Europe | Designer Outlet properties                          
Investment in Unconsolidated Entities                          
Number of properties consolidated by entity | property 8                 8      
Europe | Klepierre                          
Investment in Unconsolidated Entities                          
Shares owned | shares 63,924,148                 63,924,148      
Ownership interest (as a percent) 22.40%                 22.40%      
Quoted market price per share (in dollars per share) | $ / shares $ 27.24                 $ 27.24      
Loss (gain) on sale or disposal of assets and interests                   $ 11,200 (1,300) (1,200)  
Non cash gain due to setup of tax basis of assets                       $ 118,400  
Europe | Value Retail PLC                          
Investment in Unconsolidated Entities                          
Number of luxury outlets owned and operated | property 9                 9      
Number of outlets in which the entity has a minority direct ownership | property 3                 3      
Europe | Value Retail PLC | Deferred costs and other assets                          
Investment in Unconsolidated Entities                          
Value of equity instruments $ 140,800       $ 140,800         $ 140,800 $ 140,800