Business Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Business Segments

(In thousands)	Shopping Centers		Mixed-Use Properties		Corporate and Other		Consolidated Totals
Three months ended September 30, 2020
Real estate rental operations:
Revenue	$	40,336	$	16,424	$	—	$	56,760
Expenses	(8,755)		(6,184)		—		(14,939)
Income from real estate	31,581		10,240		—		41,821
Interest expense, net and amortization of deferred debt costs	—		—		(12,398)		(12,398)
Depreciation and amortization of deferred leasing costs	(8,169)		(5,544)		—		(13,713)
General and administrative	—		—		(4,107)		(4,107)
Net income (loss)	$	23,412	$	4,696	$	(16,505)	$	11,603
Capital investment	$	2,733	$	6,703	$	—	$	9,436
Total assets	$	982,381	$	643,395	$	55,598	$	1,681,374
Three months ended September 30, 2019
Real estate rental operations:
Revenue	$	41,313	$	15,739	$	—	$	57,052
Expenses	(8,974)		(5,665)		—		(14,639)
Income from real estate	32,339		10,074		—		42,413
Interest expense, net and amortization of deferred debt costs	—		—		(10,325)		(10,325)
Depreciation and amortization of deferred leasing costs	(7,260)		(4,758)		—		(12,018)
General and administrative	—		—		(4,742)		(4,742)
Net income (loss)	$	25,079	$	5,316	$	(15,067)	$	15,328
Capital investment	$	9,166	$	27,290	$	—	$	36,456
Total assets	$	985,244	$	609,560	$	51,960	$	1,646,764

(In thousands)	Shopping Centers		Mixed-Use Properties		Corporate and Other		Consolidated Totals
Nine Months Ended September 30, 2020
Real estate rental operations:
Revenue	$	120,236	$	46,687	$	—	$	166,923
Expenses	(26,041)		(16,848)		—		(42,889)
Income from real estate	94,195		29,839		—		124,034
Interest expense, net and amortization of deferred debt costs	—		—		(34,011)		(34,011)
Depreciation and amortization of deferred leasing costs	(22,812)		(14,781)		—		(37,593)
General and administrative	—		—		(13,790)		(13,790)
Net income (loss)	$	71,383	$	15,058	$	(47,801)	$	38,640
Capital investment	$	11,622	$	36,741	$	—	$	48,363
Total assets	$	982,381	$	643,395	$	55,598	$	1,681,374
Nine Months Ended September 30, 2019
Real estate rental operations:
Revenue	$	126,730	$	48,213	$	—	$	174,943
Expenses	(27,214)		(16,508)		—		(43,722)
Income from real estate	99,516		31,705		—		131,221
Interest expense, net and amortization of deferred debt costs	—		—		(32,185)		(32,185)
Depreciation and amortization of deferred leasing costs	(21,917)		(13,268)		—		(35,185)
General and administrative	—		—		(14,696)		(14,696)
Net income (loss)	$	77,599	$	18,437	$	(46,881)	$	49,155
Capital investment	$	22,746	$	82,309	$	—	$	105,055
Total assets	$	985,244	$	609,560	$	51,960	$	1,646,764