Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

Summary of Information about Company's Reportable Operating Segments

The tables below present information about the Company’s reportable operating segments (in thousands):

	Three Months Ended September 30, 2018
	Shopping Centers			Loan Investments			Other			Total
Lease revenue and other property revenue	$	127,903		$	14		$	1,784		$	129,701
Revenue from contracts with customers		14,394		—			—				14,394
Total revenues		142,297			14			1,784			144,095
Rental operation expenses		(39,597	)		—			—			(39,597	)
Net operating income		102,700			14			1,784			104,498
Impairment charges		(19,890	)								(19,890	)
Depreciation and amortization		(49,629	)								(49,629	)
Interest income					5,055						5,055
Other income (expense), net								(1,454	)		(1,454	)
Unallocated expenses^(A)								(42,432	)		(42,432	)
Hurricane property credit, net								157			157
Equity in net loss of joint ventures		(2,920	)								(2,920	)
Reserve of preferred equity interests					(2,201	)					(2,201	)
Loss from continuing operations										$	(8,816	)

	Three Months Ended September 30, 2017
	Shopping Centers			Loan Investments		Other			Total
Lease revenue and other property revenue	$	220,910		$	15				$	220,925
Revenue from contracts with customers		6,499		—						6,499
Total revenues		227,409			15					227,424
Rental operation expenses		(62,547	)		3					(62,544	)
Net operating income		164,862			18					164,880
Impairment charges		(10,284	)							(10,284	)
Depreciation and amortization		(85,210	)							(85,210	)
Interest income					6,807					6,807
Other income (expense), net						$	(64,340	)		(64,340	)
Unallocated expenses^(A)							(69,012	)		(69,012	)
Hurricane property and impairment loss		(6,089	)							(6,089	)
Equity in net income of joint ventures		4,811								4,811
Adjustment of preferred equity interests					15,377					15,377
Loss from continuing operations									$	(43,060	)

	Nine Months Ended September 30, 2018
	Shopping Centers			Loan Investments			Other			Total
Lease revenue and other property revenue	$	540,415		$	43		$	1,784		$	542,242
Revenue from contracts with customers		28,437		—				—			28,437
Total revenues		568,852			43			1,784			570,679
Rental operation expenses		(169,185	)		—			—			(169,185	)
Net operating income		399,667			43			1,784			401,494
Impairment charges		(68,394	)								(68,394	)
Depreciation and amortization		(196,515	)								(196,515	)
Interest income					15,412						15,412
Other income (expense), net								(99,316	)		(99,316	)
Unallocated expenses^(A)								(161,879	)		(161,879	)
Hurricane property (loss) credit, net		(974	)					157			(817	)
Equity in net income of joint ventures		9,687									9,687
Reserve of preferred equity interest, net					(4,537	)					(4,537	)
Loss from continuing operations										$	(104,865	)
As of September 30, 2018:
Total gross real estate assets	$	5,171,227								$	5,171,227
Notes receivable, net^(B)				$	223,748		$	(204,078	)	$	19,670

	Nine Months Ended September 30, 2017
	Shopping Centers			Loan Investments			Other			Total
Lease revenue and other property revenue	$	680,938		$	43					$	680,981
Revenue from contracts with customers		23,051		—							23,051
Total revenues		703,989			43						704,032
Rental operation expenses		(202,526	)		(10	)					(202,536	)
Net operating income		501,463			33						501,496
Impairment charges		(60,353	)								(60,353	)
Depreciation and amortization		(266,370	)								(266,370	)
Interest income					22,365						22,365
Other income (expense), net							$	(65,298	)		(65,298	)
Unallocated expenses^(A)								(217,493	)		(217,493	)
Hurricane property and impairment loss		(6,089	)								(6,089	)
Equity in net income of joint ventures		2,429									2,429
Reserve of preferred equity interests					(60,623	)					(60,623	)
Loss from continuing operations										$	(149,936	)
As of September 30, 2017:
Total gross real estate assets	$	8,697,077								$	8,697,077
Notes receivable, net^(B)				$	346,888		$	(327,297	)	$	19,591

(A)

Unallocated expenses consist of General and Administrative Expenses, Interest Expense and Tax Expense as listed in the Company’s consolidated statements of operations.

(B)

Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.