Segment Information - Summary of Net Operating Income ('"NOI") (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
Lease income | $ 369,105 | $ 347,845 | $ 740,184 | $ 700,951 | ||
Other property income | 4,499 | 2,670 | 7,520 | 7,020 | ||
Straight-line rent on lease income | 5,787 | 4,120 | 11,394 | 9,714 | ||
Above/below market rent amortization, net | 11,414 | 12,193 | ||||
Operating expenses | (235,218) | (233,241) | (470,099) | (467,182) | ||
Real estate taxes | (47,500) | (45,478) | (93,860) | (89,785) | ||
NOI | 280,933 | 258,392 | 554,471 | 521,330 | ||
Shopping Center [Member] | Operating Segments [Member] | ||||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||||||
Lease income | 405,915 | 381,232 | 814,003 | 767,581 | ||
Other property income | 4,613 | 2,778 | 7,992 | 7,372 | ||
Straight-line rent on lease income | (6,332) | (4,303) | (12,783) | (9,814) | ||
Above/below market rent amortization, net | (5,919) | (7,617) | (12,924) | (13,629) | ||
Total real estate revenues | 398,277 | 372,090 | 796,288 | 751,510 | ||
Operating expenses | [1] | (65,664) | (64,087) | (139,128) | (132,159) | |
Real estate taxes | (51,680) | (49,611) | (102,689) | (98,021) | ||
NOI | $ 280,933 | $ 258,392 | $ 554,471 | $ 521,330 | ||
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