v3.26.1
SEGMENT REPORTING - Schedule of Segment Revenue and Significant Segment Expenses (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 196,258 $ 213,390 $ 396,955 $ 434,467
Expenses:        
Real estate taxes 24,478 26,651 49,302 54,412
Other income (expense):        
Net gains from outlot sales 1,364 0 2,403 0
Other general and administrative expenses (14,543) (13,390) (28,493) (25,648)
Impairment charges (980) 0 (6,868) 0
Depreciation and amortization (81,604) (97,887) (164,095) (196,118)
Interest expense (31,743) (34,052) (63,439) (67,006)
Equity in loss of unconsolidated subsidiaries (1,344) (3,238) (3,560) (3,845)
Income tax expense of taxable REIT subsidiaries (426) (199) (821) (209)
Other income, net 3,169 485 5,741 5,228
Gain on sales of operating properties, net 87,727 103,022 87,727 103,113
Gain on deconsolidation of joint venture 60,625 0 60,625 0
Net income 165,530 112,599 177,262 136,863
Net income attributable to noncontrolling interests (4,226) (2,281) (4,564) (2,815)
Net income attributable to common shareholders 161,304 110,318 172,698 134,048
Other property-related revenue        
Revenue:        
Revenue 1,566 1,355 2,925 2,835
Fee income        
Revenue:        
Revenue 1,378 853 2,674 1,278
Reportable Segment        
Revenue:        
Bad debt reserve (1,824) (1,625) (3,346) (3,701)
Total revenue 194,348 212,046 393,187 432,174
Expenses:        
Property operating – recoverable 24,306 24,849 51,054 50,647
Property operating – non-recoverable 3,820 3,700 7,809 7,361
Real estate taxes 24,315 26,492 48,956 54,096
Total expenses 52,441 55,041 107,819 112,104
Net operating income 141,907 157,005 285,368 320,070
Other income (expense):        
Net gains from outlot sales 1,364 0 2,403 0
Other general and administrative expenses (14,543) (13,390) (28,493) (25,648)
Impairment charges (980) 0 (6,868) 0
Depreciation and amortization (81,604) (97,887) (164,095) (196,118)
Interest expense (31,743) (34,052) (63,439) (67,006)
Equity in loss of unconsolidated subsidiaries (1,344) (3,238) (3,560) (3,845)
Income tax expense of taxable REIT subsidiaries (426) (199) (821) (209)
Other income, net 3,169 485 5,741 5,228
Gain on sales of operating properties, net 87,727 103,022 87,727 103,113
Gain on deconsolidation of joint venture 60,625 0 60,625 0
Net income 165,530 112,599 177,262 136,863
Net income attributable to noncontrolling interests (4,226) (2,281) (4,564) (2,815)
Net income attributable to common shareholders 161,304 110,318 172,698 134,048
Reportable Segment | Minimum rent        
Revenue:        
Revenue 151,998 165,965 305,148 339,953
Reportable Segment | Tenant reimbursements        
Revenue:        
Revenue 41,756 45,103 86,550 91,316
Reportable Segment | Other property-related revenue        
Revenue:        
Revenue 1,033 865 1,831 1,820
Reportable Segment | Overage rent        
Revenue:        
Revenue 1,385 1,738 3,004 2,786
Reportable Segment | Fee income        
Revenue:        
Revenue $ 1,378 $ 853 $ 2,674 $ 1,278