Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

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 June 30, 2019
	Shopping Centers			Loan Investments			Other			Total
Rental income	$	112,274		$	—					$	112,274
Other income		16,383			—						16,383
Total revenues		128,657			—						128,657
Rental operation expenses		(36,534	)		(7	)					(36,541	)
Net operating income (loss)		92,123			(7	)					92,116
Depreciation and amortization		(40,060	)								(40,060	)
Interest income					4,521						4,521
Other income (expense), net							$	(85	)		(85	)
Unallocated expenses(A)								(36,019	)		(36,019	)
Equity in net income of joint ventures		1,791									1,791
Reserve of preferred equity interests, net					(4,634	)					(4,634	)
Gain on disposition of real estate, net		213									213
Income before tax expense										$	17,843

	Three Months Ended June 30, 2018
	Shopping Centers			Loan Investments		Other			Total
Rental income	$	199,988		$	14				$	200,002
Other income		11,514			—					11,514
Total revenues		211,502			14					211,516
Rental operation expenses		(64,538	)		—					(64,538	)
Net operating income		146,964			14					146,978
Impairment charges		(18,060	)							(18,060	)
Depreciation and amortization		(72,462	)							(72,462	)
Interest income					5,016					5,016
Other income (expense), net						$	(36,255	)		(36,255	)
Unallocated expenses(A)							(62,189	)		(62,189	)
Hurricane property loss		(224	)							(224	)
Equity in net income of joint ventures		3,821								3,821
Adjustment of preferred equity interests					1,625					1,625
Gain on disposition of real estate, net		29,508								29,508
Loss before tax expense									$	(2,242	)

	Six Months Ended June 30, 2019
	Shopping Centers			Loan Investments			Other			Total
Rental income	$	224,495		$	—					$	224,495
Other income		35,155			29						35,184
Total revenues		259,650			29						259,679
Rental operation expenses		(73,118	)		(7	)					(73,125	)
Net operating income		186,532			22						186,554
Impairment charges		(620	)								(620	)
Depreciation and amortization		(82,668	)								(82,668	)
Interest income					9,042						9,042
Other income (expense), net							$	68			68
Unallocated expenses(A)								(71,857	)		(71,857	)
Equity in net income of joint ventures		2,834									2,834
Reserve of preferred equity interests, net					(5,733	)					(5,733	)
Gain on disposition of real estate, net		16,590									16,590
Income before tax expense										$	54,210
As of June 30, 2019:
Total gross real estate assets	$	4,612,131								$	4,612,131
Notes receivable, net(B)				$	189,983		$	(170,313	)	$	19,670

	Six Months Ended June 30, 2018
	Shopping Centers			Loan Investments			Other			Total
Rental income	$	403,739		$	29					$	403,768
Other income		22,816			—						22,816
Total revenues		426,555			29						426,584
Rental operation expenses		(129,588	)		—						(129,588	)
Net operating income		296,967			29						296,996
Impairment charges		(48,504	)								(48,504	)
Depreciation and amortization		(146,886	)								(146,886	)
Interest income					10,357						10,357
Other income (expense), net							$	(97,862	)		(97,862	)
Unallocated expenses(A)								(119,074	)		(119,074	)
Hurricane property loss		(974	)								(974	)
Equity in net income of joint ventures		12,607									12,607
Reserve of preferred equity interests, net					(2,336	)					(2,336	)
Gain on disposition of real estate, net		39,519									39,519
Loss before tax expense										$	(56,157	)
As of June 30, 2018:
Total gross real estate assets	$	7,891,867								$	7,891,867
Notes receivable, net(B)				$	247,747		$	(228,077	)	$	19,670

(A) Unallocated expenses consist of General and Administrative Expenses and Interest 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.