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Segment Information
 3 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company measures performance and allocates resources according to property type, which is determined based on certain criteria such as type of tenants, capital requirements, economic risks, leasing terms, and short and long-term returns on capital. Rental income and tenant reimbursements from tenant leases provide the majority of revenues from all segments. Information on the Company’s reportable segments is presented as follows, restated for discontinued operations in all periods presented:

Three Months Ended
March 31, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (2)
 
Total
Revenues
 
$
222,630

 
$
10,305

 
$
4,393

 
$
13,344

 
$
250,672

Property operating expenses (1)
 
(74,603
)
 
(2,552
)
 
(2,533
)
 
5,325

 
(74,363
)
Interest expense
 
(52,628
)
 
(2,196
)
 
(693
)
 
(4,543
)
 
(60,060
)
Other expense
 
—

 
—

 
—

 
(6,758
)
 
(6,758
)
Gain (loss) on sales of real estate assets
 
493

 
—

 
97

 
(3
)
 
587

Segment profit
 
$
95,892

 
$
5,557

 
$
1,264

 
$
7,365

 
110,078

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(63,157
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(13,800
)
Interest and other income
 
 

 
 

 
 

 
 

 
1,075

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
1,266

Income tax benefit
 
 

 
 

 
 

 
 

 
228

Income from continuing operations
 
 

 
 

 
 

 
 

 
$
35,690

Total assets
 
$
5,734,961

 
$
304,588

 
$
238,804

 
$
353,755

 
$
6,632,108

Capital expenditures (3)
 
$
22,578

 
$
1,540

 
$
7,664

 
$
3,706

 
$
35,488



Three Months Ended
March 31, 2011
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (2)
 
Total
Revenues
 
$
238,906

 
$
11,107

 
$
4,121

 
$
13,035

 
$
267,169

Property operating expenses (1)
 
(81,518
)
 
(2,973
)
 
(1,188
)
 
5,186

 
(80,493
)
Interest expense
 
(56,862
)
 
(1,911
)
 
(1,180
)
 
(8,260
)
 
(68,213
)
Other expense
 
—

 
—

 
—

 
(8,303
)
 
(8,303
)
Gain on sales of real estate assets
 
13

 
354

 
430

 
12

 
809

Segment profit
 
$
100,539

 
$
6,577

 
$
2,183

 
$
1,670

 
110,969

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(67,699
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(11,800
)
Interest and other income
 
 

 
 

 
 

 
 

 
545

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
581

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
1,778

Income tax benefit
 
 

 
 

 
 

 
 

 
1,770

Income from continuing operations
 
 

 
 

 
 

 
 

 
$
36,144

Total assets
 
$
6,475,575

 
$
323,074

 
$
66,360

 
$
592,332

 
$
7,457,341

Capital expenditures (3)
 
$
15,239

 
$
198

 
$
1,391

 
$
20,849

 
$
37,677

(1) Property operating expenses include property operating, real estate taxes and maintenance and repairs. 
(2) The All Other category includes mortgage and other notes receivable, office buildings, the Management Company and the Company’s subsidiary that provides security and maintenance services. 
(3) Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.