v3.25.2
Segment Information - Summary (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Total revenues [1],[2] $ 140,905 $ 129,665 $ 282,673 $ 258,782
Interest and other income 3,164 4,082 6,632 8,086
Other (30) (127) (30) (127)
Depreciation and amortization (39,702) (38,664) (85,243) (76,704)
General and administrative expense (15,188) (14,831) (35,895) (35,245)
Litigation settlement   72   140
Loss on extinguishment of debt (0)   (217)  
Loss on impairment (1,457)   (1,457) (836)
Income tax (provision) benefit (369) (650) 102 (492)
Equity in earnings of unconsolidated affiliates 6,437 7,148 13,350 11,742
All Other        
Segment Reporting Information [Line Items]        
Total revenues [1],[3] 8,116 9,447 16,259 18,347
Net operating income [3] 9,054 11,582 18,532 22,103
Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 153,685 159,358 307,917 318,472
Property operating expenses [4] (52,060) (52,184) (110,267) (104,768)
Interest and other income 329 418 731 779
Net operating income 101,954 107,592 198,381 214,483
Interest expense (43,959) (39,407) (88,184) (79,219)
Gain (loss) on sales of real estate assets 1,339 (50) 22,871 3,671
Other (30) (127) (30) (127)
Depreciation and amortization (39,702) (38,664) (85,243) (76,704)
General and administrative expense (15,188) (14,831) (35,895) (35,245)
Litigation settlement   72   140
Loss on extinguishment of debt     (217)  
Loss on impairment (1,457)   (1,457) (836)
Income tax (provision) benefit (369) (650) 102 (492)
Equity in earnings of unconsolidated affiliates 6,437 7,148 13,350 11,742
Net income (loss) 2,158 4,291 10,545 3,817
Total Reportable Segments | Malls        
Segment Reporting Information [Line Items]        
Total revenues [1] 114,207 120,956 230,116 241,817
Property operating expenses [4] (41,184) (42,732) (88,836) (85,930)
Interest and other income 90 179 308 344
Net operating income 73,113 78,403 141,588 156,231
Total Reportable Segments | Outlet Centers        
Segment Reporting Information [Line Items]        
Total revenues [1] 8,531 8,309 17,123 16,670
Property operating expenses [4] (3,420) (3,070) (6,507) (5,915)
Interest and other income 13 20 25 50
Net operating income 5,124 5,259 10,641 10,805
Total Reportable Segments | Lifestyle Centers        
Segment Reporting Information [Line Items]        
Total revenues [1] 12,677 11,815 24,811 23,842
Property operating expenses [4] (3,693) (3,416) (7,482) (6,882)
Interest and other income 58   58  
Net operating income 9,042 8,399 17,387 16,960
Total Reportable Segments | Open-Air Centers        
Segment Reporting Information [Line Items]        
Total revenues [1] 18,270 18,278 35,867 36,143
Property operating expenses [4] (3,763) (2,966) (7,442) (6,041)
Interest and other income 168 219 340 385
Net operating income 14,675 15,531 28,765 30,487
Consolidation Adjustments        
Segment Reporting Information [Line Items]        
Total revenues [1],[5] (20,896) (39,140) (41,503) (78,037)
Net operating income [5] $ (15,921) $ (28,374) $ (31,665) $ (55,699)
[1] Management, development and leasing fees earned by the Management Company are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source.
[2] Sales taxes are excluded from revenues.
[3] The All Other category includes outparcels, office buildings, hotels, corporate-level entities and the Management Company.
[4] Property operating expenses include property operating, real estate taxes and maintenance and repairs, none of which represent significant segment expense.
[5] Consolidated adjustments represent the elimination of the Company's share of unconsolidated affiliates and the addition of the noncontrolling interests' share to reconcile to the amounts reported in the Company's condensed consolidated statements of operations.