Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Company's Reportable Segments

The tables below present information about the Company’s reportable operating segments and reflect the impact of discontinued operations (Note 13) (in thousands):

	Three-Month Period Ended September 30, 2014
	Shopping Centers			Loan Investments		Other			Total
Total revenues	$	250,507		$	36				$	250,543
Operating expenses(A)		(74,805	)		—					(74,805	)
Net operating income		175,702			36					175,738
Depreciation and amortization		(99,480	)							(99,480	)
Interest income					2,652					2,652
Other income (expense), net						$	(2,758	)		(2,758	)
Gain on sale and change in control of interests, net		3,984								3,984
Unallocated expenses(B)							(77,443	)		(77,443	)
Equity in net income of joint ventures		3,620					—			3,620
Income from continuing operations									$	6,313

	Three-Month Period Ended September 30, 2013
	Shopping Centers			Loan Investments			Other			Total
Total revenues	$	206,386		$	14					$	206,400
Operating expenses(A)		(68,986	)		(75	)					(69,061	)
Net operating income (loss)		137,400			(61	)					137,339
Depreciation and amortization		(70,015	)								(70,015	)
Interest income					6,692						6,692
Other income (expense), net							$	(2,282	)		(2,282	)
Unallocated expenses(B)								(74,390	)		(74,390	)
Equity in net (loss) income of joint ventures		(660	)					4,440			3,780
Income from continuing operations										$	1,124

	Nine-Month Period Ended September 30, 2014
	Shopping Centers			Loan Investments			Other			Total
Total revenues	$	744,765		$	164					$	744,929
Operating expenses(A)		(234,427	)		(51	)					(234,478	)
Net operating income		510,338			113						510,451
Depreciation and amortization		(302,901	)								(302,901	)
Interest income					8,937						8,937
Other income (expense), net							$	(11,881	)		(11,881	)
Gain on sale and change in control of interests, net		87,814									87,814
Unallocated expenses(B)								(239,906	)		(239,906	)
Equity in net income of joint ventures		9,755						486			10,241
Impairment of joint venture investments		(9,100	)								(9,100	)
Income from continuing operations										$	53,655
As of September 30, 2014:
Total gross real estate assets	$	10,496,860								$	10,496,860
Notes receivable, net(C)				$	91,455		$	(33,810	)	$	57,645

	Nine-Month Period Ended September 30, 2013
	Shopping Centers			Loan Investments			Other			Total
Total revenues	$	601,114		$	29					$	601,143
Operating expenses(A)		(196,217	)		(376	)					(196,593	)
Net operating income (loss)		404,897			(347	)					404,550
Depreciation and amortization		(198,609	)								(198,609	)
Interest income					20,365						20,365
Other income (expense), net							$	(3,287	)		(3,287	)
Gain on sale and change in control of interests, net		1,066									1,066
Unallocated expenses(B)								(218,932	)		(218,932	)
Equity in net (loss) income of joint ventures		(7,677	)					13,220			5,543
Income from continuing operations										$	10,696
As of September 30, 2013:
Total gross real estate assets	$	8,921,305								$	8,921,305
Notes receivable, net(C)				$	302,130		$	(224,273	)	$	77,857

(A) Includes impairment charges of $1.8 million and $9.2 million for the three-month periods ended September 30, 2014 and 2013, respectively, and $18.9 million and $22.9 million for the nine-month periods ended September 30, 2014 and 2013, respectively.

(B) Unallocated expenses consist of general and administrative expenses, interest expense and tax expense as listed in the condensed consolidated statements of operations.

(C) Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the condensed consolidated balance sheet.