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Segment Information (Tables)
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Information on Reportable Segments
Information on the Company’s reportable segments is presented as follows, restated for discontinued operations in all periods presented:

Three Months Ended
September 30, 2013
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
235,599

 
$
9,930

 
$
5,460

 
$
6,560

 
$
257,549

Property operating expenses (2)
 
(77,556
)
 
(2,519
)
 
(1,034
)
 
6,740

 
(74,369
)
Interest expense
 
(52,477
)
 
(2,032
)
 
(614
)
 
(1,218
)
 
(56,341
)
Other expense
 

 

 

 
(6,371
)
 
(6,371
)
Gain (loss) on sales of real estate assets
 
(3
)
 

 
59

 
2

 
58

Segment profit
 
$
105,563

 
$
5,379

 
$
3,871

 
$
5,713

 
120,526

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(68,941
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(10,160
)
Interest and other income
 
 

 
 

 
 

 
 

 
8,809

Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
2,270

Income tax provision
 
 

 
 

 
 

 
 

 
(271
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
52,233

Capital expenditures (3)
 
$
52,963

 
$
2,155

 
$
2,438

 
$
23,483

 
$
81,039



Three Months Ended
September 30, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
222,658

 
$
10,102

 
$
3,313

 
$
13,113

 
$
249,186

Property operating expenses (2)
 
(71,441
)
 
(2,516
)
 
(898
)
 
4,025

 
(70,830
)
Interest expense
 
(55,211
)
 
(2,075
)
 
(737
)
 
(3,745
)
 
(61,768
)
Other expense
 

 

 

 
(5,871
)
 
(5,871
)
Gain on sales of real estate assets
 
1,132

 
202

 
36

 
289

 
1,659

Segment profit
 
$
97,138

 
$
5,713

 
$
1,714

 
$
7,811

 
112,376

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(63,994
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(10,171
)
Interest and other income
 
 

 
 

 
 

 
 

 
822

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
178

Loss on impairment of real estate
 
 
 
 
 
 
 
 
 
(3,912
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
2,062

Income tax provision
 
 

 
 

 
 

 
 

 
(1,195
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
36,166

Capital expenditures (3)
 
$
39,118

 
$
1,103

 
$
1,772

 
$
36,735

 
$
78,728


Nine Months Ended
September 30, 2013
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
706,555

 
$
31,437

 
$
13,345

 
$
20,278

 
$
771,615

Property operating expenses (2)
 
(231,302
)
 
(7,701
)
 
(2,451
)
 
23,065

 
(218,389
)
Interest expense
 
(160,603
)
 
(6,125
)
 
(1,735
)
 
(4,911
)
 
(173,374
)
Other expense
 

 

 

 
(21,217
)
 
(21,217
)
Gain on sales of real estate assets
 
345

 

 
59

 
654

 
1,058

Segment profit
 
$
314,995

 
$
17,611

 
$
9,218

 
$
17,869

 
359,693

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(206,115
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(36,459
)
Interest and other income
 
 

 
 

 
 

 
 

 
10,197

Loss on extinguishment of debt
 
 
 
 
 
 
 
 
 
(9,108
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
7,618

Loss on impairment
 
 
 
 
 
 
 
 
 
(21,038
)
Gain on investment
 
 
 
 
 
 
 
 
 
2,400

Income tax provision
 
 

 
 

 
 

 
 

 
(854
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
106,334

Total assets
 
$
6,198,268

 
$
277,195

 
$
235,647

 
$
155,555

 
$
6,866,665

Capital expenditures (3)
 
$
155,130

 
$
9,621

 
$
5,036

 
$
107,859

 
$
277,646



Nine Months Ended
September 30, 2012
 
Malls
 
Associated
Centers
 
Community
Centers
 
All Other (1)
 
Total
Revenues
 
$
657,146

 
$
29,839

 
$
9,539

 
$
36,071

 
$
732,595

Property operating expenses (2)
 
(213,219
)
 
(7,364
)
 
(2,487
)
 
14,056

 
(209,014
)
Interest expense
 
(160,853
)
 
(6,383
)
 
(2,257
)
 
(12,100
)
 
(181,593
)
Other expense
 

 

 

 
(19,188
)
 
(19,188
)
Gain on sales of real estate assets
 
1,132

 
202

 
133

 
286

 
1,753

Segment profit
 
$
284,206

 
$
16,294

 
$
4,928

 
$
19,125

 
324,553

Depreciation and amortization expense
 
 

 
 

 
 

 
 

 
(188,606
)
General and administrative expense
 
 

 
 

 
 

 
 

 
(35,964
)
Interest and other income
 
 

 
 

 
 

 
 

 
3,192

Gain on extinguishment of debt
 
 
 
 
 
 
 
 
 
178

Loss on impairment of real estate
 
 
 
 
 
 
 
 
 
(3,912
)
Equity in earnings of unconsolidated affiliates
 
 

 
 

 
 

 
 

 
5,401

Income tax provision
 
 

 
 

 
 

 
 

 
(1,234
)
Income from continuing operations
 
 

 
 

 
 

 
 

 
$
103,608

Total assets
 
$
6,226,745

 
$
303,534

 
$
240,724

 
$
119,313

 
$
6,890,316

Capital expenditures (3)
 
$
160,390

 
$
4,583

 
$
12,478

 
$
55,321

 
$
232,772

(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.