Business Segments (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Business Segments

(In thousands)	Shopping Centers			Mixed-Use Properties			Corporate and Other			Consolidated Totals
Three months ended June 30, 2020
Real estate rental operations:
Revenue	$	38,329		$	14,891		$	—		$	53,220
Expenses	(8,364		)	(5,397		)	—			(13,761		)
Income from real estate	29,965			9,494			—			39,459
Interest expense, net and amortization of deferred debt costs	—			—			(12,019		)	(12,019		)
Depreciation and amortization of deferred leasing costs	(7,258		)	(5,342		)	—			(12,600		)
General and administrative	—			—			(4,632		)	(4,632		)
Net income (loss)	$	22,707		$	4,152		$	(16,651	)	$	10,208
Capital investment	$	4,687		$	12,652		$	—		$	17,339
Total assets	$	977,654		$	642,621		$	66,361		$	1,686,636

(In thousands)	Shopping Centers			Mixed-Use Properties			Corporate and Other			Consolidated Totals
Three months ended June 30, 2019
Real estate rental operations:
Revenue	$	42,259		$	15,882		$	—		$	58,141
Expenses	(8,552		)	(5,382		)	—			(13,934		)
Income from real estate	33,707			10,500			—			44,207
Interest expense, net and amortization of deferred debt costs	—			—			(10,793		)	(10,793		)
Depreciation and amortization of deferred leasing costs	(7,375		)	(4,149		)	—			(11,524		)
General and administrative	—			—			(5,140		)	(5,140		)
Net income (loss)	$	26,332		$	6,351		$	(15,933	)	$	16,750
Capital investment	$	8,967		$	36,209		$	—		$	45,176
Total assets	$	970,028		$	590,294		$	8,840		$	1,569,162
Six Months Ended June 30, 2020
Real estate rental operations:
Revenue	$	79,900		$	30,263		$	—		$	110,163
Expenses	(17,286		)	(10,664		)	—			(27,950		)
Income from real estate	62,614			19,599			—			82,213
Interest expense, net and amortization of deferred debt costs	—			—			(21,613		)	(21,613		)
Depreciation and amortization of deferred leasing costs	(14,644		)	(9,237		)	—			(23,881		)
General and administrative	—			—			(9,682		)	(9,682		)
Net income (loss)	$	47,970		$	10,362		$	(31,295	)	$	27,037
Capital investment	$	8,889		$	30,038		$	—		$	38,927
Total assets	$	977,654		$	642,621		$	66,361		$	1,686,636
Six Months Ended June 30, 2019
Real estate rental operations:
Revenue	$	85,417		$	32,474		$	—		$	117,891
Expenses	(18,240		)	(10,843		)	—			(29,083		)
Income from real estate	67,177			21,631			—			88,808
Interest expense, net and amortization of deferred debt costs	—			—			(21,860		)	(21,860		)
Depreciation and amortization of deferred leasing costs	(14,657		)	(8,510		)	—			(23,167		)
General and administrative	—			—			(9,954		)	(9,954		)
Net income (loss)	$	52,520		$	13,121		$	(31,814	)	$	33,827
Capital investment	$	13,580		$	55,019		$	—		$	68,599
Total assets	$	970,028		$	590,294		$	8,840		$	1,569,162