Business Segments (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Business Segments

(Dollars in thousands)	Shopping Centers			Mixed-Use Properties			Corporate and Other			Consolidated Totals
Three months ended September 30, 2017
Real estate rental operations:
Revenue	$	40,834		$	15,395		$	8		$	56,237
Expenses	(8,799		)	(5,505		)	—			(14,304		)
Income from real estate	32,035			9,890			8			41,933
Interest expense and amortization of deferred debt costs	—			—			(11,821		)	(11,821		)
General and administrative	—			—			(4,363		)	(4,363		)
Subtotal	32,035			9,890			(16,176		)	25,749
Depreciation and amortization of deferred leasing costs	(7,457		)	(3,906		)	—			(11,363		)
Change in fair value of derivatives	—			—			(1		)	(1		)
Net income (loss)	$	24,578		$	5,984		$	(16,177	)	$	14,385
Capital investment	$	3,503		$	8,161		$	—		$	11,664
Total assets	$	983,369		$	431,182		$	9,177		$	1,423,728
Three months ended September 30, 2016
Real estate rental operations:
Revenue	$	38,738		$	14,484		$	11		$	53,233
Expenses	(8,330		)	(4,941		)	—			(13,271		)
Income from real estate	30,408			9,543			11			39,962
Interest expense and amortization of deferred debt costs	—			—			(11,524		)	(11,524		)
General and administrative	—			—			(4,033		)	(4,033		)
Acquisition related costs	(57		)	—			—			(57		)
Subtotal	30,351			9,543			(15,546		)	24,348
Depreciation and amortization of deferred leasing costs	(7,732		)	(3,894		)	—			(11,626		)
Change in fair value of derivatives	—			—			1			1
Net income (loss)	$	22,619		$	5,649		$	(15,545	)	$	12,723
Capital investment	$	13,854		$	4,399		$	—		$	18,253
Total assets	$	938,124		$	363,439		$	9,441		$	1,311,004

(Dollars in thousands)	Shopping Centers			Mixed-Use Properties			Corporate and Other			Consolidated Totals
Nine months ended September 30, 2017
Real estate rental operations:
Revenue	$	124,854		$	45,725		$	31		$	170,610
Expenses	(25,876		)	(15,393		)	—			(41,269		)
Income from real estate	98,978			30,332			31			129,341
Interest expense and amortization of deferred debt costs	—			—			(35,585		)	(35,585		)
General and administrative	—			—			(13,178		)	(13,178		)
Subtotal	98,978			30,332			(48,732		)	80,578
Depreciation and amortization of deferred leasing costs	(22,649		)	(11,747		)	—			(34,396		)
Change in fair value of derivatives	—			—			(2		)	(2		)
Net income (loss)	$	76,329		$	18,585		$	(48,734	)	$	46,180
Capital investment	$	87,788		$	18,386		$	—		$	106,174
Total assets	$	983,369		$	431,182		$	9,177		$	1,423,728
Nine months ended September 30, 2016
Real estate rental operations:
Revenue	$	120,861		$	41,972		$	36		$	162,869
Expenses	(26,519		)	(13,694		)	—			(40,213		)
Income from real estate	94,342			28,278			36			122,656
Interest expense and amortization of deferred debt costs	—			—			(34,268		)	(34,268		)
General and administrative	—			—			(12,500		)	(12,500		)
Acquisition related costs	(57		)	—			—			(57		)
Subtotal	94,285			28,278			(46,732		)	75,831
Depreciation and amortization of deferred leasing costs	(22,774		)	(10,704		)	—			(33,478		)
Change in fair value of derivatives	—			—			(9		)	(9		)
Net income (loss)	$	71,511		$	17,574		$	(46,741	)	$	42,344
Capital investment	$	20,258		$	24,427		$	—		$	44,685
Total assets	$	938,124		$	363,439		$	9,441		$	1,311,004