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Segment Information (Tables)
12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Information on Reportable Segments
Year Ended December 31, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
929,423

 
$
42,380

 
$
11,966

 
$
50,871

 
$
1,034,640

Property operating expenses (2)
 
(296,298
)
 
(10,480
)
 
(4,084
)
 
21,955

 
(288,907
)
Interest expense
 
(216,217
)
 
(8,453
)
 
(2,568
)
 
(17,194
)
 
(244,432
)
Other expense
 

 

 

 
(25,078
)
 
(25,078
)
Gain on sales of real estate assets
 
1,188

 
202

 
677

 
219

 
2,286

Segment profit
 
$
418,096

 
$
23,649

 
$
5,991

 
$
30,773

 
$
478,509

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(265,856
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(51,251
)
Interest and other income
 
 

 
 

 
 

 
 

 
3,955

Gain on extinguishment of debt
 
 

 
 

 
 

 
 

 
265

Loss on impairment of real estate (4)
 
 

 
 

 
 

 
 

 
(24,379
)
Gain on investment
 
 
 
 
 
 
 
 
 
45,072

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
8,313

Income tax provision
 
 

 
 

 
 

 
 

 
(1,404
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
193,224

Total assets
 
$
6,213,801

 
$
302,225

 
$
203,261

 
$
370,449

 
$
7,089,736

Capital expenditures (3)
 
$
608,190

 
$
6,630

 
$
13,884

 
$
76,319

 
$
705,023


Year Ended December 31, 2011
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
951,152

 
$
41,505

 
$
10,639

 
$
48,018

 
$
1,051,314

Property operating expenses (2)
 
(304,479
)
 
(10,689
)
 
(2,978
)
 
21,962

 
(296,184
)
Interest expense
 
(233,777
)
 
(8,841
)
 
(3,894
)
 
(20,560
)
 
(267,072
)
Other expense
 

 

 

 
(28,898
)
 
(28,898
)
Gain (loss) on sales of real estate assets
 
(13,329
)
 
306

 
1,135

 
71,284

 
59,396

Segment profit
 
$
399,567

 
$
22,281

 
$
4,902

 
$
91,806

 
518,556

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(271,458
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(44,751
)
Interest and other income
 
 

 
 

 
 

 
 

 
2,583

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
1,029

Loss on impairment of real estate (4)
 
 

 
 

 
 

 
 

 
(51,304
)
Equity in earnings of unconsolidated affiliates
 
 
 
 

 
 

 
 

 
6,138

Income tax benefit
 
 

 
 

 
 

 
 

 
269

Income from continuing operations (4)
 
 

 
 

 
 

 
 

 
$
161,062

Total assets
 
$
5,954,414

 
$
308,858

 
$
265,675

 
$
190,481

 
$
6,719,428

Capital expenditures (3)
 
$
265,478

 
$
213,364

 
$
21,452

 
$
16,984

 
$
517,278

 
Year Ended December 31, 2010
 
Malls
 
Associated
Centers
 
Community
Centers
 
All
Other (1)
 
Total
Revenues
 
$
953,893

 
$
40,311

 
$
8,140

 
$
43,359

 
$
1,045,703

Property operating expenses (2)
 
(306,168
)
 
(10,528
)
 
(1,948
)
 
25,096

 
(293,548
)
Interest expense
 
(228,346
)
 
(7,794
)
 
(2,609
)
 
(42,353
)
 
(281,102
)
Other expense
 

 

 

 
(25,523
)
 
(25,523
)
Gain (loss) on sales of real estate assets
 
1,754

 

 
1,144

 
(11
)
 
2,887

Segment profit
 
$
421,133

 
$
21,989

 
$
4,727

 
$
568

 
448,417

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(280,575
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(43,383
)
Interest and other income
 
 

 
 

 
 

 
 

 
3,868

Gain on investment
 
 

 
 

 
 

 
 

 
888

Loss on impairment of real estate (4)
 
 

 
 

 
 

 
 

 
(1,156
)
Equity in losses of unconsolidated affiliates
 
 
 
 

 
 

 
 

 
(188
)
Income tax benefit
 
 

 
 

 
 

 
 

 
6,417

Income from continuing operations (4)
 
 

 
 

 
 

 
 

 
$
134,288

Total assets
 
$
6,561,098

 
$
325,395

 
$
67,252

 
$
552,809

 
$
7,506,554

Capital expenditures (3)
 
$
98,277

 
$
7,931

 
$
25,050

 
$
53,856

 
$
185,114

 
(1)
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.
(2)
Property operating expenses include property operating, real estate taxes and maintenance and repairs.
(3)
Amounts include acquisitions of real estate assets and investments in unconsolidated affiliates.  Developments in progress are included in the All Other category.
(4)
The referenced amounts for the years ended December 31, 2011 and 2010 have been restated. See Note 2 for more information. Loss on impairment of real estate for the year ended December 31, 2012 consisted of $20,315 related to Malls, $3,000 related to Associated Centers and $1,064 related to All Other. Loss on impairment of real estate for the year ended December 31, 2011 consisted of $50,683 related to Malls and $621 related to All Other.  Loss on impairment of real estate for the year ended December 31, 2010 consisted of $1,156 related to All Other.