| 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, 2025 and 2024:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2025 |
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2024 |
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|
2025 |
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|
2024 |
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Rental revenues |
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$ |
134,786 |
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$ |
119,992 |
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$ |
408,599 |
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$ |
368,090 |
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Revenues from contracts with customers: |
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Operating expense reimbursements (see table below) |
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|
2,204 |
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|
1,970 |
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|
|
5,893 |
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|
|
6,190 |
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Management, development and leasing fees (1) |
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|
1,226 |
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|
1,990 |
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|
|
3,900 |
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|
|
5,712 |
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Marketing revenues (see table below) |
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|
577 |
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|
|
518 |
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|
1,686 |
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|
1,485 |
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|
4,007 |
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|
4,478 |
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|
11,479 |
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|
13,387 |
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Other revenues |
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|
487 |
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|
619 |
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|
1,875 |
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|
2,394 |
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Total revenues (2) |
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$ |
139,280 |
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|
$ |
125,089 |
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|
$ |
421,953 |
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|
$ |
383,871 |
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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: |
|
2025 |
|
|
2024 |
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|
2025 |
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|
2024 |
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Malls |
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$ |
1,976 |
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$ |
1,681 |
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$ |
5,111 |
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$ |
5,108 |
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Lifestyle Centers |
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|
177 |
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|
164 |
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|
|
512 |
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|
|
492 |
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Open-Air Centers |
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|
102 |
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|
76 |
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|
|
269 |
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|
|
366 |
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All Other |
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(51 |
) |
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|
49 |
|
|
|
1 |
|
|
|
224 |
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|
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$ |
2,204 |
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|
$ |
1,970 |
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|
$ |
5,893 |
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|
$ |
6,190 |
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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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2025 |
|
|
2024 |
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|
2025 |
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|
2024 |
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Malls |
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$ |
536 |
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|
$ |
457 |
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$ |
1,572 |
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$ |
1,297 |
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Lifestyle Centers |
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|
39 |
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|
56 |
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|
108 |
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|
|
175 |
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Outlet Centers |
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|
2 |
|
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|
5 |
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|
6 |
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|
13 |
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|
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$ |
577 |
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|
$ |
518 |
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|
$ |
1,686 |
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$ |
1,485 |
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| Schedule of Expected Recognition of Remaining Performance Obligation |
As of September 30, 2025, 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 |
|
$ |
21,193 |
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|
$ |
46,379 |
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$ |
36,876 |
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$ |
104,448 |
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