| 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, 2025 and 2024:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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|
2025 |
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|
2024 |
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Rental revenues |
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$ |
136,453 |
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|
$ |
124,071 |
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$ |
273,813 |
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|
$ |
248,098 |
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Revenues from contracts with customers: |
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Operating expense reimbursements (see table below) |
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|
1,747 |
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|
1,960 |
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|
|
3,689 |
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|
|
4,220 |
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Management, development and leasing fees (1) |
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|
1,357 |
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|
|
1,817 |
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|
|
2,674 |
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|
|
3,722 |
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Marketing revenues (see table below) |
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|
758 |
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|
|
563 |
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|
1,109 |
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|
|
967 |
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3,862 |
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|
|
4,340 |
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|
7,472 |
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|
8,909 |
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Other revenues |
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|
590 |
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|
1,254 |
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|
1,388 |
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|
1,775 |
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Total revenues (2) |
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$ |
140,905 |
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|
$ |
129,665 |
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|
$ |
282,673 |
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|
$ |
258,782 |
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(1)Included in All Other segment. (2)Sales taxes are excluded from revenues.
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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Operating expense reimbursements detail: |
|
2025 |
|
|
2024 |
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|
2025 |
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|
2024 |
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Malls |
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$ |
1,485 |
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|
$ |
1,546 |
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|
$ |
3,135 |
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|
$ |
3,427 |
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Lifestyle Centers |
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|
164 |
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|
|
163 |
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|
|
335 |
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|
|
328 |
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Open-Air Centers |
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|
89 |
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|
|
125 |
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|
|
167 |
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|
|
291 |
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All Other |
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|
9 |
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|
|
126 |
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|
|
52 |
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|
|
174 |
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|
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$ |
1,747 |
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|
$ |
1,960 |
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|
$ |
3,689 |
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|
$ |
4,220 |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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Marketing revenues detail: |
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2025 |
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|
2024 |
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|
2025 |
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|
2024 |
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Malls |
|
$ |
716 |
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|
$ |
505 |
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|
$ |
1,036 |
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|
$ |
840 |
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Lifestyle Centers |
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|
40 |
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|
|
51 |
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|
|
69 |
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|
119 |
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Open-Air Centers |
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|
2 |
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|
|
7 |
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|
4 |
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|
|
8 |
|
|
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$ |
758 |
|
|
$ |
563 |
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|
$ |
1,109 |
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$ |
967 |
|
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| Schedule of Expected Recognition of Remaining Performance Obligation |
As of June 30, 2025, the Company expects to recognize these amounts as revenue over the following periods:
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Performance obligation |
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Less than 5
years |
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5-20
years |
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Over 20
years |
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Total |
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Fixed operating expense reimbursements |
|
$ |
19,754 |
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|
$ |
44,132 |
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|
$ |
33,882 |
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|
$ |
97,768 |
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