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Revenues (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2024 and 2023:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

 

2023

 

Rental revenues

 

$

119,992

 

 

$

124,783

 

 

$

368,090

 

 

 

$

379,949

 

Revenues from contracts with customers:

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expense reimbursements

 

 

1,970

 

 

 

1,674

 

 

 

6,190

 

 

 

 

5,765

 

Management, development and leasing fees (1)

 

 

1,990

 

 

 

1,840

 

 

 

5,712

 

 

 

 

6,096

 

Marketing revenues (2)

 

 

518

 

 

 

467

 

 

 

1,485

 

 

 

 

1,687

 

 

 

4,478

 

 

 

3,981

 

 

 

13,387

 

 

 

 

13,548

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

619

 

 

 

587

 

 

 

2,394

 

 

 

 

2,080

 

Total revenues (3)

 

$

125,089

 

 

$

129,351

 

 

$

383,871

 

 

 

$

395,577

 

(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 September 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

 

$

19,570

 

 

$

44,630

 

 

$

38,596

 

 

$

102,796