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Business Segments
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Business Segments
Business Segments
The Company has two reportable business segments: Shopping Centers and Mixed-Use Properties. The accounting policies of the segments are the same as those described in the summary of significant accounting policies (see Note 2). The Company evaluates performance based upon income and cash flows from real estate of the combined properties in each segment. All of our properties within each segment generate similar types of revenues and expenses related to tenant rent, reimbursements and operating expenses. Although services are provided to a range of tenants, the types of services provided to them are similar within each segment. The properties in each portfolio have similar economic characteristics and the nature of the products and services provided to our tenants and the method to distribute such services are consistent throughout the portfolio. Certain reclassifications have been made to prior year information to conform to the 2016 presentation.

 
(Dollars in thousands)
 Shopping
Centers
 
Mixed-Use
Properties
 
Corporate
and Other
 
Consolidated
Totals
Three months ended March 31, 2016
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
43,446

 
$
13,467

 
$
13

 
$
56,926

Expenses
(10,154
)
 
(4,207
)
 
—

 
(14,361
)
Income from real estate
33,292

 
9,260

 
13

 
42,565

Interest expense and amortization of deferred debt costs
—

 
—

 
(11,089
)
 
(11,089
)
General and administrative
—

 
—

 
(4,060
)
 
(4,060
)
Subtotal
33,292

 
9,260

 
(15,136
)
 
27,416

Depreciation and amortization of deferred leasing costs
(7,868
)
 
(3,167
)
 
—

 
(11,035
)
Change in fair value of derivatives
—

 
—

 
(7
)
 
(7
)
Net income (loss)
$
25,424

 
$
6,093

 
$
(15,143
)
 
$
16,374

Capital investment
$
2,113

 
$
10,871

 
$
—

 
$
12,984

Total assets
$
920,351

 
$
363,993

 
$
17,291

 
$
1,301,635

 
 
 
 
 
 
 
 
Three months ended March 31, 2015
 
 
 
 
 
 
 
Real estate rental operations:
 
 
 
 
 
 
 
Revenue
$
39,364

 
$
12,711

 
$
13

 
$
52,088

Expenses
(9,536
)
 
(4,227
)
 
—

 
(13,763
)
Income from real estate
29,828

 
8,484

 
13

 
38,325

Interest expense and amortization of deferred debt costs
—

 
—

 
(11,406
)
 
(11,406
)
General and administrative
—

 
—

 
(3,771
)
 
(3,771
)
Acquisition related costs
(21
)
 
—

 
—

 
(21
)
Subtotal
29,807

 
8,484

 
(15,164
)
 
23,127

Depreciation and amortization of deferred leasing costs
(7,316
)
 
(3,124
)
 
—

 
(10,440
)
Change in fair value of derivatives
—

 
—

 
(6
)
 
(6
)
Net income (loss)
$
22,491

 
$
5,360

 
$
(15,170
)
 
$
12,681

Capital investment
$
2,946

 
$
7,678

 
$
—

 
$
10,624

Total assets
$
937,619

 
$
312,311

 
$
20,681

 
$
1,270,611