XML 63 R51.htm IDEA: XBRL DOCUMENT v3.19.2
Investments in Unconsolidated Joint Ventures - Combined Condensed Statements of Operations of unconsolidated joint ventures (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Leasing revenue $ 211,022   $ 422,030  
Expenses:        
Company's equity in net (loss) income 7,257 $ 15,669 19,500 $ 32,541
Joint Venture        
Revenues:        
Leasing revenue 217,619 220,970 437,163 446,833
Other 13,532 12,311 25,778 20,750
Total revenues 231,151 233,281 462,941 467,583
Expenses:        
Shopping center and operating expenses 67,535 69,842 136,857 140,844
Leasing expenses 2,028   4,202  
Interest expense 54,725 54,126 108,587 103,884
Depreciation and amortization 101,598 85,044 191,579 171,940
Total operating expenses 225,886 209,012 441,225 416,668
(Loss) gain on sale or write down of assets, net (544) 559 (685) 1,529
Net (loss) income 4,721 24,828 21,031 52,444
Company's equity in net (loss) income 7,257 15,669 19,500 32,541
NML        
Expenses:        
Interest expense on borrowings from related party   7,158   12,116
PPR Portfolio | Joint Venture        
Revenues:        
Leasing revenue 45,346 45,362 91,366 90,782
Other 435 432 617 600
Total revenues 45,781 45,794 91,983 91,382
Expenses:        
Shopping center and operating expenses 8,470 9,517 18,142 19,198
Leasing expenses 373   840  
Interest expense 17,043 16,770 33,994 33,496
Depreciation and amortization 24,732 24,071 50,246 48,555
Total operating expenses 50,618 50,358 103,222 101,249
(Loss) gain on sale or write down of assets, net (399) 0 (405) 0
Net (loss) income (5,236) (4,564) (11,644) (9,867)
Company's equity in net (loss) income (531) (257) (1,730) (873)
Other Joint Ventures | Joint Venture        
Revenues:        
Leasing revenue 172,273 175,608 345,797 356,051
Other 13,097 11,879 25,161 20,150
Total revenues 185,370 187,487 370,958 376,201
Expenses:        
Shopping center and operating expenses 59,065 60,325 118,715 121,646
Leasing expenses 1,655   3,362  
Interest expense 37,682 37,356 74,593 70,388
Depreciation and amortization 76,866 60,973 141,333 123,385
Total operating expenses 175,268 158,654 338,003 315,419
(Loss) gain on sale or write down of assets, net (145) 559 (280) 1,529
Net (loss) income 9,957 29,392 32,675 62,311
Company's equity in net (loss) income $ 7,788 $ 15,926 $ 21,230 $ 33,414