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Revenues (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue

The following table presents the Company's revenues disaggregated by revenue source for the three and six months ended June 30, 2024 and 2023:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

 

2023

 

Rental revenues

 

$

124,071

 

 

$

124,842

 

 

$

248,098

 

 

 

$

255,166

 

Revenues from contracts with customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expense reimbursements

 

 

1,960

 

 

 

1,875

 

 

 

4,220

 

 

 

 

4,091

 

Management, development and leasing fees (1)

 

 

1,817

 

 

 

1,822

 

 

 

3,722

 

 

 

 

4,256

 

Marketing revenues (2)

 

 

563

 

 

 

575

 

 

 

967

 

 

 

 

1,220

 

 

 

4,340

 

 

 

4,272

 

 

 

8,909

 

 

 

 

9,567

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

1,254

 

 

 

753

 

 

 

1,775

 

 

 

 

1,493

 

Total revenues (3)

 

$

129,665

 

 

$

129,867

 

 

$

258,782

 

 

 

$

266,226

 

(1)
Included in All Other segment.
(2)
Marketing revenues solely relate to the Malls segment for all periods presented.
(3)
Sales taxes are excluded from revenues.
Schedule of Expected Recognition of Remaining Performance Obligation As of June 30, 2024, the Company expects to recognize these amounts as revenue over the following periods:

Performance obligation

 

Less than 5
years

 

 

5-20
years

 

 

Over 20
years

 

 

Total

 

Fixed operating expense reimbursements

 

$

19,252

 

 

$

42,865

 

 

$

38,636

 

 

$

100,753