v3.26.1
Segment Information - Summary (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting Information [Line Items]        
Total revenues [1],[2] $ 146,479 $ 140,905 $ 292,447 $ 282,673
Interest and other income 3,089 3,164 6,449 6,632
Other 1,600 (33,388) 13,304 (45,446)
Depreciation and amortization (36,283) (39,702) (74,381) (85,243)
General and administrative expense (14,782) (15,188) (33,369) (35,895)
Loss on extinguishment of debt     (0) (217)
Gain on consolidation/deconsolidation 5,925   41,259 0
Loss on impairment 0 (1,457) 0 (1,457)
Income tax (provision) benefit (642) (369) 588 102
Equity in earnings of unconsolidated affiliates 22,311 6,437 32,588 13,350
Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 158,146 153,685 315,769 307,917
Property operating expenses [3] (53,322) (52,060) (111,289) (110,267)
Interest and other income 622 329 1,186 731
Net operating income 105,446 101,954 205,666 198,381
Interest expense (42,716) (43,959) (82,615) (88,184)
Gain on sales of real estate assets 13,633 1,339 15,035 22,871
Other   (30) 30 (30)
Depreciation and amortization (36,283) (39,702) (74,381) (85,243)
General and administrative expense (14,782) (15,188) (33,369) (35,895)
Loss on extinguishment of debt   (1,457)   (217)
Gain on consolidation/deconsolidation 5,925   41,259  
Loss on impairment       1,457
Income tax (provision) benefit (642) (369) 588 102
Equity in earnings of unconsolidated affiliates 22,311 6,437 32,588 13,350
Net income (loss) 46,321 2,158 92,706 10,545
Consolidation Adjustments        
Segment Reporting Information [Line Items]        
Total revenues [1],[4] (20,543) (20,896) (40,639) (41,503)
Net operating income [4] (15,605) (15,921) (30,209) (31,665)
Malls | Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 123,270 114,207 245,477 230,116
Property operating expenses [3] (44,237) (41,184) (92,320) (88,836)
Interest and other income 487 90 891 308
Net operating income 79,520 73,113 154,048 141,588
Outlet Centers | Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 8,428 8,531 16,928 17,123
Property operating expenses [3] (3,122) (3,420) (6,238) (6,507)
Interest and other income 12 13 22 25
Net operating income 5,318 5,124 10,712 10,641
Lifestyle Centers | Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 12,953 12,677 25,478 24,811
Property operating expenses [3] (3,203) (3,693) (6,902) (7,482)
Interest and other income 58 58 72 58
Net operating income 9,808 9,042 18,648 17,387
Open-Air Centers | Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 13,495 18,270 27,886 35,867
Property operating expenses [3] (2,760) (3,763) (5,829) (7,442)
Interest and other income 65 168 201 340
Net operating income 10,800 14,675 22,258 28,765
All Other        
Segment Reporting Information [Line Items]        
Total revenues [1],[5] 8,876 8,116 17,317 16,259
Net operating income [5] $ 9,034 $ 9,054 $ 18,114 $ 18,532
[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] Property operating expenses include property operating, real estate taxes and maintenance and repairs, none of which represent significant segment expense.
[4] 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.
[5] The All Other category includes outparcels, office buildings, hotels, corporate-level entities and the Management Company.