XML 69 R41.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Investments in Unconsolidated Entities and International Investments - Combined Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE:    
Lease income $ 1,302,671 $ 1,248,185
Other income 110,464 73,715
Total revenue 1,442,590 1,350,849
EXPENSES:    
Property operating 126,114 111,748
Depreciation and amortization 307,369 307,059
Real estate taxes 109,210 111,159
Repairs and maintenance 25,728 22,174
Advertising and promotion 28,081 24,159
Other 41,053 45,900
Total operating expenses 707,410 688,126
OPERATING INCOME BEFORE OTHER ITEMS 735,180 662,723
Interest expense (230,623) (199,429)
Gain on sale or disposal of, or recovery on, assets and interests in unconsolidated entities, net 10,966  
CONSOLIDATED NET INCOME 841,155 519,255
Income from Unconsolidated Entities (34,342) 21,900
Unconsolidated properties | Equity Method Investees excluding Jamestown, Klepierre, TRG and other platform investments    
EXPENSES:    
Third-Party Investors' Share of Net Income 94,370 90,259
Our Share of Net Income 91,826 90,436
Amortization of excess investment (14,697) (14,921)
Income from Unconsolidated Entities 77,129 75,515
Unconsolidated properties | Equity Method Investees excluding Jamestown, Klepierre, TRG and other platform investments    
REVENUE:    
Lease income 752,030 735,048
Other income 90,992 90,046
Total revenue 843,022 825,094
EXPENSES:    
Property operating 161,044 154,922
Depreciation and amortization 159,815 164,473
Real estate taxes 63,180 64,004
Repairs and maintenance 19,492 18,774
Advertising and promotion 21,663 20,710
Other 54,881 53,310
Total operating expenses 480,075 476,193
OPERATING INCOME BEFORE OTHER ITEMS 362,947 348,901
Interest expense (176,751) (168,206)
CONSOLIDATED NET INCOME $ 186,196 $ 180,695