v3.26.3
Investments in Unconsolidated Joint Ventures - Schedule of Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Leasing revenue $ 239,929 $ 237,232 $ 699,347 $ 705,604
Total revenues 260,067 253,262 751,312 752,279
Expenses:        
Leasing expenses 15,592 10,635 43,129 32,478
Depreciation and amortization 88,012 90,904 257,305 271,966
Total expenses 297,847 281,092 853,324 848,071
Gain (loss) on sale or write down of assets, net 14,710 (72,634) 28,153 (97,106)
Net income (16,137) (89,995) (79,883) (182,693)
Company's equity in net loss 7,013 9,759 (8,090) 8,485
Asset, impairment loss     7,951  
Other        
Revenues:        
Other 13,264 10,623 32,957 30,409
Shopping center and operating expenses        
Expenses:        
Shopping center and operating expenses 85,063 79,755 246,247 244,766
Joint Venture        
Revenues:        
Leasing revenue 154,746 147,958    
Total revenues 162,798 152,632    
Expenses:        
Leasing expenses 1,311 1,163    
Interest expense 41,492 41,323    
Depreciation and amortization 48,455 47,821    
Total expenses 143,003 144,911    
Gain (loss) on sale or write down of assets, net (971) 27,107    
Other income, net 5,000      
Net income 23,824 34,828    
Company's equity in net loss 7,013 9,759    
Joint Venture | Pacific Premier Retail LP        
Revenues:        
Leasing revenue     451,561 443,517
Total revenues     461,644 458,426
Expenses:        
Leasing expenses     4,201 4,400
Interest expense     123,633 129,062
Depreciation and amortization     143,707 142,343
Total expenses     422,474 440,543
Gain (loss) on sale or write down of assets, net     (24,332) 26,469
Other income, net     11,447 13,313
Net income     26,285 57,665
Company's equity in net loss     (8,090) 8,485
Joint Venture | Other        
Revenues:        
Other 8,052 4,674    
Joint Venture | Other | Pacific Premier Retail LP        
Revenues:        
Other     10,083 14,909
Joint Venture | Shopping center and operating expenses        
Expenses:        
Shopping center and operating expenses $ 51,745 $ 54,604    
Joint Venture | Shopping center and operating expenses | Pacific Premier Retail LP        
Expenses:        
Shopping center and operating expenses     $ 150,933 $ 164,738