Business Segments (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Business Segments

(Dollars in thousands)	Shopping Centers			Mixed-Use Properties			Corporate and Other			Consolidated Totals
Three months ended June 30, 2017
Real estate rental operations:
Revenue	$	40,583		$	15,314		$	10		$	55,907
Expenses	(8,378		)	(5,002		)	—			(13,380		)
Income from real estate	32,205			10,312			10			42,527
Interest expense and amortization of deferred debt costs	—			—			(11,900		)	(11,900		)
General and administrative	—			—			(4,514		)	(4,514		)
Subtotal	32,205			10,312			(16,404		)	26,113
Depreciation and amortization of deferred leasing costs	(7,798		)	(3,893		)	—			(11,691		)
Change in fair value of derivatives	—			—			(1		)	(1		)
Net income (loss)	$	24,407		$	6,419		$	(16,405	)	$	14,421
Capital investment	$	1,942		$	5,219		$	—		$	7,161
Total assets	$	983,476		$	425,298		$	12,104		$	1,420,878
Three months ended June 30, 2016
Real estate rental operations:
Revenue	$	38,677		$	14,021		$	12		$	52,710
Expenses	(8,035		)	(4,546		)	—			(12,581		)
Income from real estate	30,642			9,475			12			40,129
Interest expense and amortization of deferred debt costs	—			—			(11,655		)	(11,655		)
General and administrative	—			—			(4,407		)	(4,407		)
Subtotal	30,642			9,475			(16,050		)	24,067
Depreciation and amortization of deferred leasing costs	(7,174		)	(3,643		)	—			(10,817		)
Change in fair value of derivatives	—			—			(3		)	(3		)
Net income (loss)	$	23,468		$	5,832		$	(16,053	)	$	13,247
Capital investment	$	4,291		$	9,157		$	—		$	13,448
Total assets	$	916,204		$	367,089		$	12,162		$	1,295,455

(Dollars in thousands)	Shopping Centers			Mixed-Use Properties			Corporate and Other			Consolidated Totals
Six months ended June 30, 2017
Real estate rental operations:
Revenue	$	84,020		$	30,330		$	23		$	114,373
Expenses	(17,077		)	(9,888		)	—			(26,965		)
Income from real estate	66,943			20,442			23			87,408
Interest expense and amortization of deferred debt costs	—			—			(23,764		)	(23,764		)
General and administrative	—			—			(8,815		)	(8,815		)
Subtotal	66,943			20,442			(32,556		)	54,829
Depreciation and amortization of deferred leasing costs	(15,192		)	(7,841		)	—			(23,033		)
Change in fair value of derivatives	—			—			(1		)	(1		)
Net income (loss)	$	51,751		$	12,601		$	(32,557	)	$	31,795
Capital investment	$	84,285		$	10,225		$	—		$	94,510
Total assets	$	983,476		$	425,298		$	12,104		$	1,420,878
Six months ended June 30, 2016
Real estate rental operations:
Revenue	$	82,123		$	27,488		$	25		$	109,636
Expenses	(18,189		)	(8,753		)	—			(26,942		)
Income from real estate	63,934			18,735			25			82,694
Interest expense and amortization of deferred debt costs	—			—			(22,744		)	(22,744		)
General and administrative	—			—			(8,467		)	(8,467		)
Subtotal	63,934			18,735			(31,186		)	51,483
Depreciation and amortization of deferred leasing costs	(15,042		)	(6,810		)	—			(21,852		)
Change in fair value of derivatives	—			—			(10		)	(10		)
Net income (loss)	$	48,892		$	11,925		$	(31,196	)	$	29,621
Capital investment	$	6,404		$	20,028		$	—		$	26,432
Total assets	$	916,204		$	367,089		$	12,162		$	1,295,455