| Schedule of Disaggregation of Revenue |
The following table presents the Company's revenues disaggregated by revenue source for the three and nine months ended September 30, 2026 and 2025:
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Three Months Ended September 30, |
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Nine Months Ended September 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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$ |
143,865 |
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|
$ |
134,786 |
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|
$ |
427,252 |
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|
$ |
408,599 |
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Revenues from contracts with customers: |
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Operating expense reimbursements (see table below) |
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|
2,160 |
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|
2,204 |
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|
|
6,349 |
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|
|
5,893 |
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Management, development and leasing fees (1) |
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|
1,599 |
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|
1,226 |
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|
|
4,367 |
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|
|
3,900 |
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Marketing revenues (see table below) |
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|
563 |
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|
|
577 |
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|
|
1,860 |
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|
1,686 |
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|
|
4,322 |
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|
|
4,007 |
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|
12,576 |
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|
11,479 |
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Other revenues |
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|
510 |
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|
487 |
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|
1,316 |
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|
1,875 |
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Total revenues (2) |
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$ |
148,697 |
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|
$ |
139,280 |
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|
$ |
441,144 |
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|
$ |
421,953 |
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(1)Included in All Other segment. (2)Sales taxes are excluded from revenues.
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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Operating expense reimbursements detail: |
|
2026 |
|
|
2025 |
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|
2026 |
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|
2025 |
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Malls |
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$ |
1,965 |
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|
$ |
1,976 |
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|
$ |
5,486 |
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$ |
5,111 |
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Lifestyle Centers |
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|
174 |
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|
|
177 |
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|
|
523 |
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|
|
512 |
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Open-Air Centers |
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|
95 |
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|
102 |
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|
|
314 |
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|
|
269 |
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All Other |
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|
(74 |
) |
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|
(51 |
) |
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|
26 |
|
|
|
1 |
|
|
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$ |
2,160 |
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|
$ |
2,204 |
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|
$ |
6,349 |
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|
$ |
5,893 |
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Three Months Ended September 30, |
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Nine Months Ended September 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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$ |
520 |
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$ |
536 |
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|
$ |
1,733 |
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$ |
1,572 |
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Lifestyle Centers |
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|
42 |
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|
39 |
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|
122 |
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|
|
108 |
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Outlet Centers |
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|
1 |
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2 |
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|
5 |
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|
|
6 |
|
|
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$ |
563 |
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|
$ |
577 |
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|
$ |
1,860 |
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|
$ |
1,686 |
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| Schedule of Expected Recognition of Remaining Performance Obligation |
As of September 30, 2026, the Company expects to recognize these amounts as revenue over the following periods:
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Performance obligation |
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Less than 5
years |
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|
5-20
years |
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Over 20
years |
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Total |
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Fixed operating expense reimbursements |
|
$ |
20,923 |
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|
$ |
48,388 |
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|
$ |
46,197 |
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|
$ |
115,508 |
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