v3.25.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents information on the Company’s reported segment revenue, net operating income, and significant segment expenses for the three and six months ended June 30, 2025 and 2024 that are provided to the CODM and included within the Company’s single reportable operating segment measure of profit or loss:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Revenue:
Minimum rent$165,965 $161,608 $339,953 $322,653 
Tenant reimbursements45,103 44,422 91,316 87,999 
Bad debt reserve(1,625)(1,544)(3,701)(2,133)
Other property-related revenue870 2,701 2,510 3,542 
Overage rent1,738 1,350 2,786 3,130 
Total revenue212,051 208,537 432,864 415,191 
Expenses:
Property operating – recoverable24,849 24,257 50,647 48,020 
Property operating – non-recoverable3,700 4,005 7,361 8,014 
Real estate taxes26,492 26,350 54,096 52,723 
Total expenses55,041 54,612 112,104 108,757 
Net operating income157,010 153,925 320,760 306,434 
Other (expense) income:
Other general and administrative expenses(13,390)(12,966)(25,648)(25,750)
Fee income853 3,452 1,278 3,767 
Impairment charges— (66,201)— (66,201)
Depreciation and amortization(97,887)(99,291)(196,118)(199,670)
Interest expense(34,052)(30,981)(67,006)(61,345)
Equity in loss of unconsolidated subsidiaries(3,238)(174)(3,845)(594)
Gain on sale of unconsolidated property, net— — — 2,325 
Income tax expense of taxable REIT subsidiaries(199)(132)(209)(290)
Other income, net480 4,295 4,538 7,923 
Gain (loss) on sales of operating properties, net103,022 (1,230)103,113 (1,466)
Net income (loss)112,599 (49,303)136,863 (34,867)
Net (income) loss attributable to noncontrolling interests(2,281)665 (2,815)385 
Net income (loss) attributable to common shareholders$110,318 $(48,638)$134,048 $(34,482)