| 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, 2026 and 2025:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Rental revenues |
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$ |
142,014 |
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$ |
136,453 |
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$ |
283,387 |
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$ |
273,813 |
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Revenues from contracts with customers: |
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Operating expense reimbursements (see table below) |
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2,075 |
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1,747 |
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4,189 |
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3,689 |
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Management, development and leasing fees (1) |
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1,159 |
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1,357 |
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2,768 |
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2,674 |
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Marketing revenues (see table below) |
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731 |
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758 |
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1,297 |
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1,109 |
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3,965 |
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3,862 |
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8,254 |
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7,472 |
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Other revenues |
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500 |
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590 |
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806 |
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1,388 |
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Total revenues (2) |
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$ |
146,479 |
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$ |
140,905 |
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$ |
292,447 |
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$ |
282,673 |
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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: |
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2026 |
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2025 |
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2026 |
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2025 |
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Malls |
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$ |
1,826 |
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$ |
1,485 |
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$ |
3,521 |
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$ |
3,135 |
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Lifestyle Centers |
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175 |
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164 |
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|
349 |
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|
335 |
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Open-Air Centers |
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80 |
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89 |
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219 |
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|
167 |
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All Other |
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(6 |
) |
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9 |
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|
100 |
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52 |
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$ |
2,075 |
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$ |
1,747 |
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$ |
4,189 |
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$ |
3,689 |
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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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2026 |
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2025 |
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2026 |
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2025 |
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Malls |
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$ |
668 |
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$ |
716 |
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$ |
1,213 |
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$ |
1,036 |
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Lifestyle Centers |
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61 |
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40 |
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80 |
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|
69 |
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Outlet Centers |
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2 |
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2 |
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4 |
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4 |
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$ |
731 |
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$ |
758 |
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$ |
1,297 |
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$ |
1,109 |
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| Schedule of Expected Recognition of Remaining Performance Obligation |
As of June 30, 2026, the Company expects to recognize these amounts as revenue over the following periods: Performance obligation Less than 5
years 5-20
years Over 20
years Total Fixed operating expense reimbursements $ 19,875 $ 45,730 $ 41,948 $ 107,553
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