v3.26.1
Investments in Unconsolidated Joint Ventures - Schedule of Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures (Details) - USD ($)
$ 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
Depreciation and amortization 86,217 88,500 169,293 181,062
Total expenses 277,430 280,566 555,477 566,979
Gain (loss) on sale or write down of assets, net 6,603 (10,484) 13,443 (24,472)
Net income (26,852) (41,544) (63,746) (92,698)
Company's equity in net loss (5,237) (475) (15,103) (1,274)
Asset, impairment loss 7,951   7,951  
Other        
Revenues:        
Other 10,674 11,130 19,693 19,786
Shopping center and operating expenses        
Expenses:        
Shopping center and operating expenses 77,933 79,848 161,184 165,011
Joint Venture        
Revenues:        
Leasing revenue 151,187 149,376    
Total revenues 157,333 156,841    
Expenses:        
Leasing expenses 889 1,501    
Interest expense 41,653 42,616    
Depreciation and amortization 47,789 48,436    
Total expenses 139,089 146,997    
Gain (loss) on sale or write down of assets, net (22,504) (4,214)    
Other income, net 6,447      
Net income 2,187 5,630    
Company's equity in net loss (5,237) (475)    
Joint Venture | Pacific Premier Retail LP        
Revenues:        
Leasing revenue     296,815 295,559
Total revenues     298,846 305,794
Expenses:        
Leasing expenses     2,891 3,237
Interest expense     82,141 87,739
Depreciation and amortization     95,252 94,522
Total expenses     279,471 295,632
Gain (loss) on sale or write down of assets, net     (23,361) (638)
Other income, net     6,447 13,313
Net income     2,461 22,837
Company's equity in net loss     (15,103) (1,274)
Joint Venture | Other        
Revenues:        
Other 6,146 7,465    
Joint Venture | Other | Pacific Premier Retail LP        
Revenues:        
Other     2,031 10,235
Joint Venture | Shopping center and operating expenses        
Expenses:        
Shopping center and operating expenses $ 48,758 $ 54,444    
Joint Venture | Shopping center and operating expenses | Pacific Premier Retail LP        
Expenses:        
Shopping center and operating expenses     $ 99,187 $ 110,134