XML 61 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 3 - Property Acquisitions, Developments and Other Investments (Tables)
 12 Months Ended
Dec. 31, 2016
Notes Tables  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
 
 
 
 
Purchase Price
 
Property Name
Location
Month
Acquired
 
Cash*
 
 
Debt Assumed
 
 
Other**
 
 
Total
 
 
GLA***
 
Jericho Atrium
Jericho, NY
Apr-16
   $
29,750
     $
-
     $
-
     $
29,750
      
147
  
Oakwood Plaza
Hollywood, FL (1)
Apr-16
    
53,412
      
100,000
      
61,588
      
215,000
      
899
  
Webster Square North
Nashua, NH
Jul-16
    
8,200
      
-
      
-
      
8,200
      
21
  
Gateway Plaza
Mill Creek, WA (1)
Jul-16
    
493
      
17,500
      
-
      
17,993
      
97
  
Kentlands Market Square
Gaithersburg, MD
Aug-16
    
61,826
      
33,174
      
-
      
95,000
      
221
  
GEPT Portfolio (4 properties)
Various (1)
Sep-16
    
79,974
      
76,989
      
10,882
      
167,845
      
681
  
Coulter Avenue (2 parcels)
Ardmore, PA
Various
    
6,750
      
-
      
-
      
6,750
      
20
  
KimPru Portfolio (2 properties)
Various (1)
Oct-16
    
15,505
      
35,700
      
3,218
      
54,423
      
234
  
Hamden Mart
Hamden, CT (1)
Nov-16
    
-
      
21,369
      
29,294
      
50,663
      
345
  
 
 
 
 
$
255,910
 
 
$
284,732
 
 
$
104,982
 
 
$
645,624
 
 
 
2,665
 
 
 
 
 
Purchase Price
 
Property Name
Location
Month
Acquired
 
Cash*
 
 
Debt 
Assumed
 
 
Other
**
 
 
Total
 
 
GLA**
*
 
Elmont Plaza
Elmont, NY (1)
Jan-15
   $
2,400
     $
-
     $
3,358
     $
5,758
      
13
  
Garden State Pavilion Parcel
Cherry Hill, NJ
Jan-15
    
16,300
      
-
      
-
      
16,300
      
111
  
Kimstone Portfolio (39 properties)
Various (1)
Feb-15
    
513,513
      
637,976
      
236,011
      
1,387,500
      
5,631
  
Copperfield Village
Houston, TX
Feb-15
    
18,700
      
20,800
      
-
      
39,500
      
165
  
Snowden Square Parcel
Columbia, MD
Mar-15
    
4,868
      
-
      
-
      
4,868
      
25
  
Dulles Town Crossing Parcel
Sterling, VA
Mar-15
    
4,830
      
-
      
-
      
4,830
      
9
  
Flagler Park S.C.
Miami, FL
Mar-15
    
1,875
      
-
      
-
      
1,875
      
5
  
West Farms Parcel
New Britain, CT
Apr-15
    
6,200
      
-
      
-
      
6,200
      
24
  
Milleridge Inn
Jericho, NY
Apr-15
    
7,500
      
-
      
-
      
7,500
      
-
  
Woodgrove Festival (2 Parcels)
Woodridge, IL
Jun-15
    
5,611
      
-
      
-
      
5,611
      
12
  
Montgomery Plaza
Fort Worth, TX (1)
Jul-15
    
34,522
      
29,311
      
9,044
      
72,877
      
291
  
125 Coulter Avenue Parcel
Ardmore, PA
Sep-15
    
1,925
      
-
      
-
      
1,925
      
6
  
Conroe Marketplace
Conroe, TX (1)
Oct-15
    
18,546
     
42,350
     
3,104
     
64,000
     
289
 
Laurel Plaza
Laurel, MD
Oct-15
    
1,200
     
-
     
-
     
1,200
     
4
 
District Heights
District Heights, MD (1)
Nov-15
    
13,140
     
13,255
     
950
     
27,345
     
91
 
Village on the Park
Aurora, CO
Nov-15
    
824
     
-
     
-
     
824
     
10
  
Christown Mall
Phoenix, AZ
Nov-15
    
51,351
      
63,899
     
-
      
115,250
     
833
 
Washington St. Plaza Parcels
Brighton, MA
Dec-15
    
8,750
      
-
      
-
      
8,750
      
-
  
 
 
 
 
$
712,055
 
 
$
807,591
 
 
$
252,467
 
 
$
1,772,113
 
 
 
7,519
 
Previous Ownership Interest [Table Text Block]
Property Name
 
Previous Ownership Interest
 
 
Gain on change in control of interests, net
 
Oakwood Plaza
    
55.0
%   $
46.5
  
Gateway Plaza
    
15.0
%    
-
  
GEPT Portfolio (4 properties)
    
15.0
%    
6.6
  
KimPru Portfolio (2 properties)
    
15.0
%    
0.8
  
Hamden Mart
    
47.95
%    
3.5
  
 
      
 
 
 
 
 
 
$
57.4
 
Property Name
 
Previous
Ownership
Interest
 
 
Gain on change
in control of
interests, net
 
Elmont Plaza
    
50.0
 %   $
(0.2
 )
Kimstone Portfolio (39 properties)
    
33.3
 %    
140.0
 
Montgomery Plaza
    
20.0
 %    
6.3
 
Conroe Marketplace
    
15.0
 %    
2.4
 
District Heights
    
15.0
 %    
0.7
 
     
 
     $
149.2
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
 
 
Preliminary
Allocation
 
 
Allocation
Adjustments
 
 
Revised Allocation
as of December 31,
2016
 
 
Weighted-Average
Amortization Period
(in Years)
 
Land
   $
179,150
    $
(13,352
 )   $
165,798
     
-
  
Buildings
    
309,493
     
69,581
     
379,074
     
50.0
  
Above-market leases
    
11,982
     
(4,304
 )    
7,678
     
8.1
  
Below-market leases
    
(31,903
 )    
(4,327
 )    
(36,230
 )    
19.1
  
In-place leases
    
44,094
     
(4,162
 )    
39,932
     
6.4
  
Building improvements
    
124,105
     
(40,194
 )    
83,911
     
45.0
  
Tenant improvements
    
12,788
     
(2,548
 )    
10,240
     
7.1
  
Mortgage fair value adjustment
    
(4,292
 )    
(694
 )    
(4,986
 )    
4.1
  
Other assets
    
234
     
-
      
234
     
-
  
Other liabilities
    
(27
 )    
-
      
(27
 )    
-
  
Net assets acquired
 
$
645,624
 
 
$
-
 
 
$
645,624
 
 
 
 
 
 
 
Allocation as of
December 31,
2015
 
 
Allocation
Adjustments
 
 
Revised Allocation
as of December
31, 2016
 
 
Weighted-Average
Amortization Period
(in Years)
 
Land
   $
444,626
     $
33,918
     $
478,544
      
-
  
Buildings
    
1,063,124
      
(7,980
 )    
1,055,144
      
50.0
  
Above-market leases
    
34,182
      
(2,133
 )    
32,049
      
7.2
  
Below-market leases
    
(74,997
 )    
(6,306
 )    
(81,303
 )    
17.7
  
In-place leases
    
125,993
      
1,425
      
127,418
      
4.7
  
Building improvements
    
169,116
      
(20,724
 )    
148,392
      
45.0
  
Tenant improvements
    
34,814
      
1,800
      
36,614
      
6.1
  
Mortgage fair value adjustment
    
(27,615
 )    
-
      
(27,615
 )    
3.0
  
Other assets
    
3,058
      
-
      
3,058
      
-
  
Other liabilities
    
(188
 )    
-
      
(188
 )    
-
  
Net assets acquired
 
$
1,772,113
 
 
$
-
 
 
$
1,772,113
 
 
 
 
 
Business Acquisition, Pro Forma Information [Table Text Block]
 
 
Year ended December 31,
 
 
 
201
6
 
 
201
5
 
 
201
4
 
Revenues from rental properties
   $
1,174.9
     $
1,198.6
     $
1,097.8
 
Net income
   $
397.7
     $
921.6
    $
521.9
 
Net income available to the Company
  $
344.2
     $
852.6
     $
451.7
 
Net income available to the Company per common share:
                        
Basic
   $
0.82
     $
2.07
     $
1.10
  
Diluted
   $
0.82
     $
2.07
     $
1.10