v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Leasing revenue $ 233,442 $ 232,725 $ 459,418 $ 468,372
Total revenues 249,707 249,793 491,245 499,017
Expenses:        
Leasing expenses 13,728 10,624 27,537 21,843
REIT general and administrative expenses 9,492 7,798 17,518 15,410
Depreciation and amortization 86,217 88,500 169,293 181,062
Interest expense 66,043 71,925 133,543 140,999
Total expenses 277,430 280,566 555,477 566,979
Equity in loss of unconsolidated joint ventures (5,237) (475) (15,103) (1,274)
Income tax (expense) benefit (495) 188 2,146 1,010
Gain (loss) on sale or write down of assets, net 6,603 (10,484) 13,443 (24,472)
Net loss (26,852) (41,544) (63,746) (92,698)
Less: net income (loss) attributable to noncontrolling interests 219 (639) (325) (1,669)
Net loss attributable to the Company $ (27,071) $ (40,905) $ (63,421) $ (91,029)
Loss per common share—attributable to common stockholders:        
Basic (in dollars per share) $ (0.10) $ (0.16) $ (0.24) $ (0.36)
Diluted (in dollars per share) $ (0.10) $ (0.16) $ (0.24) $ (0.36)
Weighted average number of common shares outstanding:        
Basic (in shares) 273,715 253,085 265,916 253,039
Diluted (in shares) 273,715 253,085 265,916 253,039
Other        
Revenues:        
Revenue $ 10,674 $ 11,130 $ 19,693 $ 19,786
Management Companies        
Revenues:        
Revenue 5,591 5,938 12,134 10,859
Expenses:        
Shopping center and management companies' operating expenses 24,017 21,871 46,402 42,654
Shopping center and operating expenses        
Expenses:        
Shopping center and management companies' operating expenses $ 77,933 $ 79,848 $ 161,184 $ 165,011