v3.26.3
Segment Information - Summary (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting Information [Line Items]        
Total revenues [1],[2] $ 148,697 $ 139,280 $ 441,144 $ 421,953
Interest and other income 8,400 3,247 14,849 9,879
Other (34,118) 45,195 (20,814) (251)
Depreciation and amortization (35,084) (39,900) (109,465) (125,143)
General and administrative expense (14,204) (17,787) (47,573) (53,682)
Loss on extinguishment of debt     (0) (217)
(Loss) gain on deconsolidation (107) 33,851 41,152 33,851
Loss on impairment 0 (1,736) 0 (3,193)
Income tax benefit (provision) 1,076 (48) 1,664 54
Equity in earnings of unconsolidated affiliates 17,246 1,696 49,834 15,046
Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 160,190 152,440 475,959 460,357
Property operating expenses [3] (56,319) (53,074) (167,608) (163,341)
Interest and other income 5,585 262 6,771 993
Net operating income 109,456 99,628 315,122 298,009
Interest expense (66,127) (44,779) (148,742) (132,963)
Gain on sales of real estate assets 5,394 51,228 20,429 74,099
Other   (45) 30 (75)
Depreciation and amortization (35,084) (39,900) (109,465) (125,143)
General and administrative expense (14,204) (17,787) (47,573) (53,682)
Loss on extinguishment of debt   (1,736)   (217)
(Loss) gain on deconsolidation (107) 33,851 41,152 33,851
Loss on impairment       (3,193)
Income tax benefit (provision) 1,076 (48) 1,664 54
Equity in earnings of unconsolidated affiliates 17,246 1,696 49,834 15,046
Net income (loss) 11,845 75,060 104,551 85,605
Consolidation Adjustments        
Segment Reporting Information [Line Items]        
Total revenues [1],[4] (15,984) (20,905) (56,623) (62,408)
Net operating income [4] (10,578) (15,949) (40,787) (47,614)
Malls | Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 125,862 115,876 371,339 345,992
Property operating expenses [3] (46,961) (42,884) (139,281) (131,720)
Interest and other income 5,386 43 6,277 351
Net operating income 84,287 73,035 238,335 214,623
Outlet Centers | Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 8,668 8,659 25,596 25,782
Property operating expenses [3] (3,100) (3,279) (9,338) (9,786)
Interest and other income 11 13 33 38
Net operating income 5,579 5,393 16,291 16,034
Lifestyle Centers | Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 13,023 12,750 38,501 37,561
Property operating expenses [3] (3,686) (3,668) (10,588) (11,150)
Interest and other income 10 37 82 95
Net operating income 9,347 9,119 27,995 26,506
Open-Air Centers | Total Reportable Segments        
Segment Reporting Information [Line Items]        
Total revenues [1] 12,637 15,155 40,523 51,022
Property operating expenses [3] (2,572) (3,243) (8,401) (10,685)
Interest and other income 178 169 379 509
Net operating income 10,243 12,081 32,501 40,846
All Other        
Segment Reporting Information [Line Items]        
Total revenues [1],[5] 4,491 7,745 21,808 24,004
Net operating income [5] $ 4,773 $ 8,901 $ 22,887 $ 27,433
[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.