Business Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Business Segments

Financial Information By Segment
(In thousands)	Shopping Centers		Mixed-Use Properties		Corporate and Other		Consolidated Totals
Three Months Ended September 30, 2022
Real estate rental operations:
Revenue	$	42,478	$	18,609	$	—	$	61,087
Expenses	(8,826)		(7,247)		—		(16,073)
Income from real estate	33,652		11,362		—		45,014
Interest expense, net and amortization of deferred debt costs	—		—		(11,103)		(11,103)
Depreciation and amortization of lease costs	(7,073)		(5,122)		—		(12,195)
General and administrative	—		—		(5,555)		(5,555)
Loss on early extinguishment of debt	—		—		(648)		(648)
Net income (loss)	$	26,579	$	6,240	$	(17,306)	$	15,513
Capital investment	$	2,280	$	30,315	$	—	$	32,595
Total assets	$	936,285	$	855,797	$	17,936	$	1,810,018
Three Months Ended September 30, 2021
Real estate rental operations:
Revenue	$	42,485	$	17,771	$	—	$	60,256
Expenses	(8,640)		(6,724)		—		(15,364)
Income from real estate	33,845		11,047		—		44,892
Interest expense, net and amortization of deferred debt costs	—		—		(10,914)		(10,914)
Depreciation and amortization of lease costs	(7,203)		(5,264)		—		(12,467)
General and administrative	—		—		(4,626)		(4,626)
Net income (loss)	$	26,642	$	5,783	$	(15,540)	$	16,885
Capital investment	$	1,324	$	9,984	$	—	$	11,308
Total assets	$	960,247	$	766,761	$	12,492	$	1,739,500

(In thousands)	Shopping Centers		Mixed-Use Properties		Corporate and Other		Consolidated Totals
Nine Months Ended September 30, 2022
Real estate rental operations:
Revenue	$	128,615	$	54,909	$	—	$	183,524
Expenses	(27,102)		(20,724)		—		(47,826)
Income from real estate	101,513		34,185		—		135,698
Interest expense, net and amortization of deferred debt costs	—		—		(32,162)		(32,162)
Depreciation and amortization of deferred leasing costs	(21,300)		(15,599)		—		(36,899)
General and administrative	—		—		(15,988)		(15,988)
Loss on early extinguishment of debt	—		—		(648)		(648)
Net income (loss)	$	80,213	$	18,586	$	(48,798)	$	50,001
Capital investment	$	6,239	$	78,270	$	—	$	84,509
Total assets	$	936,285	$	855,797	$	17,936	$	1,810,018
Nine Months Ended September 30, 2021
Real estate rental operations:
Revenue	$	126,935	$	52,050	$	—	$	178,985
Expenses	(27,087)		(19,454)		—		(46,541)
Income from real estate	99,848		32,596		—		132,444
Interest expense, net and amortization of deferred debt costs	—		—		(34,559)		(34,559)
Depreciation and amortization of deferred leasing costs	(21,639)		(16,213)		—		(37,852)
General and administrative	—		—		(14,234)		(14,234)
Net income (loss)	$	78,209	$	16,383	$	(48,793)	$	45,799
Capital investment	$	6,895	$	31,893	$	—	$	38,788
Total assets	$	960,247	$	766,761	$	12,492	$	1,739,500