7Baggers

Seritage Growth Properties
(NYSE:SRG) 

SRG stock logo

Seritage Growth Properties is a publicly-traded, self-administered and self-managed REIT with 166 wholly-owned properties and 29 unconsolidated properties totaling approximately 30.4 million square feet of space across 44 states and Puerto Rico. The Company was formed to unlock the underlying real e...

Full Time Employees: 77
Sector: Real Estate
Industry: REIT-Retail
REIT
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Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-07-07 2017-06-30 2017-03-31 2016-09-30 2016-07-07 2016-06-30 2016-03-31 2015-09-30 2015-07-07 
                                                
      revenue
    		                                            
      yoy
    		                                            
      qoq
    		                                            
      rental income
    		1,909,000 4,011,000 4,603,000 4,526,000 4,457,000 4,265,000 2,899,000 4,166,000 5,725,000 4,601,000 4,525,000 5,517,000 418,000 22,854,000 23,253,000 29,418,000 29,084,000 28,091,000 28,819,000 27,595,000 31,146,000 27,478,000 33,966,000 21,648,000 33,110,000     41,985,000 41,152,000 35,839,000 37,079,000 38,966,000 48,167,000  42,185,000 49,174,000 45,584,000  45,927,000 45,226,000 41,389,000  
      management and other fee income
    		141,000 156,000 182,000 127,000 142,000 117,000 352,000 50,000 48,000 4,567,000 523,000 367,000 262,000 91,000 248,000 286,000 1,821,000 434,000 184,000 279,000 135,000 174,000 -259,000 171,000 207,000 -1,293,000 795,000 1,814,000 282,000 167,000 115,000 914,000             
      total revenue
    		2,050,000 4,167,000 4,785,000 4,653,000 4,599,000 4,382,000 3,251,000 4,216,000 5,773,000 9,168,000 5,048,000 5,884,000 680,000 22,945,000 23,501,000 29,704,000 30,905,000 28,525,000 29,003,000 27,874,000 31,281,000 27,652,000 33,707,000 21,819,000 33,317,000 36,634,000 47,628,000 40,511,000 43,860,000 55,114,000 56,593,000 49,270,000 53,777,000 53,678,000 64,048,000  57,893,000 65,398,000 57,607,000  61,867,000 63,004,000 54,063,000  
      expenses
    		                                            
      property operating
    		1,461,000 4,214,000 3,625,000 3,237,000 2,908,000 4,248,000 4,258,000 4,160,000 3,673,000 3,337,000 4,564,000 5,196,000 8,185,000 10,235,000 9,700,000 10,801,000 11,032,000 11,493,000 11,585,000 11,286,000 10,643,000 11,012,000 11,154,000 8,697,000 10,301,000 11,122,000 11,462,000 9,302,000 10,237,000 8,583,000 6,348,000 6,533,000 7,241,000 5,715,000 4,311,000  4,932,000 4,742,000 4,505,000  5,553,000 7,118,000 2,815,000  
      real estate taxes
    		333,000 203,000 607,000 692,000 953,000 333,000 971,000 1,238,000 1,393,000 1,218,000 1,204,000 2,170,000 1,537,000 2,894,000 6,483,000 6,425,000 8,150,000 7,498,000 8,542,000 9,061,000 10,155,000 8,672,000 9,487,000 9,384,000 9,225,000 9,080,000 9,164,000 10,159,000 10,192,000 9,649,000 12,199,000 9,217,000 11,381,000 9,946,000 11,335,000  11,950,000 12,422,000 7,965,000  11,667,000 11,469,000 10,741,000  
      depreciation and amortization
    		400,000 469,000 1,698,000 2,040,000 2,075,000 2,258,000 4,377,000 1,212,000 5,271,000 2,843,000 2,913,000 4,151,000 4,564,000 9,342,000 9,169,000 10,669,000 11,934,000 11,570,000 13,159,000 13,328,000 13,142,000 14,551,000 23,647,000 23,702,000 34,097,000 36,578,000 21,593,000 20,194,000 26,216,000 92,627,000 49,830,000 49,551,000 34,667,000 91,878,000 61,059,000  50,571,000 58,663,000 44,532,000  37,324,000 39,509,000 32,935,000  
      general and administrative
    		5,292,000 5,162,000 4,922,000 6,172,000 15,693,000 6,777,000 7,178,000 6,874,000 9,192,000 15,639,000 8,030,000 10,099,000 12,220,000 16,638,000 10,811,000 11,093,000 9,092,000 9,947,000 8,780,000 11,990,000 11,232,000 -418,000 11,203,000 8,644,000 9,420,000 12,970,000 8,130,000 8,297,000 9,759,000 9,980,000 8,338,000 8,673,000 7,797,000 11,263,000 5,272,000  5,093,000 6,274,000 4,252,000  4,413,000 4,439,000 5,782,000  
      total expenses
    		7,486,000 10,048,000 10,852,000 12,141,000 21,629,000 13,616,000 22,516,000 13,484,000 19,529,000 23,037,000 16,711,000 21,616,000 26,506,000 39,109,000 36,696,000 73,988,000 40,208,000 40,508,000 42,066,000 45,665,000 45,172,000 33,817,000 55,491,000 50,427,000 63,043,000 69,750,000 50,349,000 47,952,000 56,404,000 120,839,000 76,802,000 74,083,000 61,147,000 118,841,000 82,045,000  72,558,000 82,140,000 80,378,000  59,102,000 62,608,000 70,613,000  
      gain on sale of real estate
    		 11,439,000  1,967,000 6,936,000 3,321,000 4,184,000 2,034,000 1,139,000 31,828,000 18,506,000 33,488,000 12,392,000 99,487,000 45,433,000 68,031,000 -1,015,000 156,602,000 22,774,000 18,097,000 24,208,000 28,596,000 -14,706,000 52,064,000 20,788,000 25,786,000 12,445,000 11,612,000 21,261,000 2,746,000 17,401,000 34,187,000 41,831,000 -1,571,000 13,018,000          
      impairment of real estate assets
    		-15,183,000  -800,000 -18,000,000    -86,388,000 -1,148,000   -104,467,000 -2,576,000 -6,278,000 -10,275,000 -109,343,000 -991,000 -25,773,000 -3,814,000 -64,539,000 -1,700,000 -47,701,000 -14,594,000                      
      equity in loss of unconsolidated entities
    		-7,167,000       -566,000    -13,698,000 -36,372,000 -3,009,000 -2,275,000 -33,720,000 -33,076,000 -202,000 -5,535,000 -2,327,000 -1,162,000 -2,161,000 -335,000                      
      interest and other income
    		371,000 612,000 -834,000 930,000 860,000 1,245,000 -872,000 717,000 1,423,000 -417,000 2,030,000 9,869,000 5,585,000 38,690,000 -1,047,000 99,000 11,000 1,083,000 48,000 530,000 7,624,000 934,000 1,986,000 141,000 333,000 635,000 1,416,000 2,175,000 2,598,000 5,588,000 1,162,000 456,000 680,000 405,000 352,000  42,000 78,000 77,000  59,000 60,000   
      interest expense
    		-2,903,000 -4,614,000 -5,290,000 -5,139,000 -5,230,000 -5,628,000 -6,051,000 -6,282,000 -7,011,000 -7,078,000 -9,763,000 -12,528,000 -15,202,000 -19,563,000 -21,916,000 -22,663,000 -22,588,000 -26,128,000 -26,721,000 -28,976,000 -26,150,000 -24,916,000 -22,742,000 -22,145,000 -21,513,000 -26,878,000 -22,046,000 -22,141,000 -23,454,000 -25,016,000 -30,723,000 -17,862,000 -16,419,000 -17,040,000 -18,049,000  -18,431,000 -16,592,000 -15,931,000  -15,636,000 -15,730,000 -14,796,000  
      income before income taxes
    		-30,318,000 -5,085,000 -12,347,000 -28,391,000 -22,392,000 -11,339,000 -21,886,000 -99,753,000 -18,974,000 3,684,000 -813,000 -95,745,000 -61,999,000 92,625,000 -3,414,000 -141,880,000             -10,917,000 7,570,000 -52,052,000 -44,549,000 16,305,000 -70,373,000 17,276,000  -34,720,000 -32,725,000 -37,175,000  -12,380,000 -14,559,000 -31,402,000  
      benefit from income taxes
    		                -25,000                            
      net income
    		-30,318,000 -5,085,000 -12,422,000 -28,506,000 -22,202,000 -11,351,000 -21,973,000 -101,227,000 -18,985,000 3,684,000 -902,000 -95,707,000 -61,986,000 92,454,000 -3,481,000 -142,083,000 -66,987,000 93,601,000 -26,349,000 -95,304,000 -10,933,000 -49,692,000 -72,401,000 104,000 -30,975,000 -37,342,000 -16,482,000 -25,885,000 -10,894,000 -85,733,000 -34,744,000 -10,602,000 16,201,000 -70,378,000 17,276,000  -34,867,000 -32,844,000 -37,247,000  -12,565,000 -14,714,000 -31,853,000  
      yoy
    		36.56% -55.20% -43.47% -71.84% 16.94% -408.12% 2336.03% 5.77% -69.37% -96.02% -74.09% -32.64% -7.47% -1.23% -86.79% 49.08% 512.70% -288.36% -63.61% -91738.46% -64.70% 33.07% 339.27% -100.40% 184.33% -56.44% -52.56% 144.15% -167.24% 21.82% -301.11%  -146.47% 114.28% -146.38%  177.49% 123.22% 16.93%      
      qoq
    		496.22% -59.06% -56.42% 28.39% 95.60% -48.34% -78.29% 433.19% -615.34% -508.43% -99.06% 54.40% -167.05% -2755.96% -97.55% 112.11% -171.57% -455.24% -72.35% 771.71% -78.00% -31.37% -69716.35% -100.34% -17.05% 126.56% -36.33% 137.61% -87.29% 146.76% 227.71% -165.44% -123.02% -507.37%   6.16% -11.82%   -14.61% -53.81%   
      net income margin %
    		-Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% Infinity% -Infinity% -Infinity% -Infinity% Infinity% -Infinity% -Infinity% -Infinity% Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% Infinity% -Infinity% Infinity% NaN% -Infinity% -Infinity% -Infinity% NaN% -Infinity% -Infinity% -Infinity%  
      preferred dividends
    		-1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,228,000            
      net loss attributable to seritage common shareholders
    		-31,543,000 -6,310,000 -13,647,000 -29,731,000 -23,427,000 -12,576,000 -23,198,000 -102,452,000 -20,210,000 2,459,000 -2,127,000 -96,932,000 -63,211,000 91,229,000 -4,664,000 -111,980,000 -53,430,000 71,720,000 -21,759,000 -74,065,000 -8,945,000 -35,606,000 -51,278,000 -1,153,000 -21,889,000 -25,874,000 -12,103,000                  
      net income per share
    		-0.56 -0.11 -0.24 -0.53 -0.42 -0.23 -0.41 -1.82 -0.36 0.04 -0.04 -1.73 -1.13 1.98 -0.08 -2.56 -1.22 1.72 -0.5 -1.73 -0.23 -0.92 -1.33 -0.03 -0.59 -0.71 -0.33 -0.5 -0.23 -1.57 -0.66 -0.23 0.26 -1.28 0.31  -0.63 -0.59 -0.67  -0.23 -0.27 -0.58  
      weighted-average class a common shares outstanding - basic
    		56,324 56,314 56,324 56,324 56,283 56,255 56,268 56,268 56,215 56,151 56,183 56,173 56,059 49,729 55,361 43,677 43,634 42,393 43,631 42,772                         
      weighted-average class a common shares outstanding - diluted
    		56,324 56,314 56,324 56,324 56,283 56,255 56,268 56,268 56,215 56,151 56,183 56,173 56,059 49,729 55,361 43,677 43,634 42,393 43,631 42,772                         
      abandoned project costs
    		      5,732,000                                      
      loss on sale of interests in unconsolidated entities
    		 -354,250  -1,417,000          -34,750 -139,000                              
      equity in income of unconsolidated entities
    		 -1,632,000 644,000 756,000 -7,928,000 -17,250 118,000  379,000 -12,269,250 993,000                                  
      provision for income taxes
    		  -75,000   -12,000 -87,000    -89,000   -73,750 -67,000              23,000 -109,250 -93,000 -240,000 -104,000 -5,000   -147,000 -119,000 -72,000  -185,000 -155,000 -451,000  
      benefit for income taxes
    		   -115,000 190,000   -1,474,000 -11,000   38,000 13,000                                
      gain on sale of interest in unconsolidated entities
    		          -916,000 7,323,000                                 
      litigation settlement
    		                                            
      net loss attributable to non-controlling interests
    		              42,000 31,328,000 14,782,000 -20,656,000 5,815,000  3,213,000 15,311,000 22,348,000 -32,000 10,311,000 12,693,000 5,604,000   2,621,500 12,528,000 3,831,000 -5,873,000 27,167,000 -6,762,000  13,648,000 13,006,000 16,145,000  5,448,000 6,379,000 13,552,000  
      net loss attributable to seritage
    		         3,684,000 -902,000 -95,707,000 -61,986,000 92,454,000 -3,439,000 -110,755,000 -52,205,000 72,945,000 -20,534,000  -7,720,000 -34,381,000 -50,053,000  -20,664,000 -24,649,000 -10,878,000  -6,967,000                
      litigation reserve
    		             8,883,250 533,000 35,000,000                             
      (provision) for income taxes
    		               -203,000                             
      loss before taxes
    		                -66,962,000 -33,097,000 -26,311,000  -11,071,000 -25,764,250 -72,175,000  -31,012,000 -13,294,500 -16,522,000                  
      provision for taxes
    		                 -49,500 -38,000   -53,750 -226,000 -26,000 37,000 -20,750 40,000                  
      income before taxes
    		                   -95,006,000    130,000    -25,739,000                 
      benefit for taxes
    		                   -298,000 138,000                        
      net income attributable to non-controlling interests
    		                   22,464,000        8,982,000 3,927,000                
      net income attributable to seritage
    		                   -72,840,000    72,000      -54,813,000 -22,216,000 -6,771,000 10,328,000            
      weighted-average class a and class c common shares outstanding - basic
    		                    39,477 38,298 38,645 38,634 37,232 36,413 36,829 36,291 35,671 35,560 35,598 35,483 35,414  33,774        31,384  
      weighted-average class a and class c common shares outstanding - diluted
    		                    39,477 38,298 38,645 38,634 37,232 36,413 36,829 36,291 35,671 35,560 35,598 35,483 35,501  33,841        31,384  
      equity in loss of unconsolidated joint ventures
    		                       -1,322,000  -3,656,000 -5,616,000 -9,944,000  -1,751,500 -2,266,000 -2,158,000             
      equity in income of unconsolidated joint ventures
    		                        -894,000    1,222,000    -2,582,000 -3,562,000 -3,686,000  -1,542,000 1,002,000 1,497,000  912,000 2,086,000 2,720,000  
      rental revenue
    		                         32,277,000 46,833,000 38,697,000 43,578,000                
      provision for doubtful accounts
    		                             64,250 87,000 109,000 61,000 39,000 68,000  12,000 39,000       
      change in fair value of interest rate cap
    		                              -16,000            -2,814,000  
      benefit from doubtful accounts
    		                                            
      benefit from taxes
    		                           -146,000                 
      net income (income) attributable to seritage
    		                           -16,903,000                 
      net income attributable to seritage common shareholders
    		                           -18,128,000 -8,192,000 -56,038,000 -23,441,000 -7,996,000 9,100,000            
      tenant reimbursements
    		                             12,962,000 15,326,000 12,517,000 16,698,000 14,712,000 15,881,000  15,708,000 16,224,000 12,023,000  15,940,000 17,778,000 12,674,000  
      operating income
    		                             -13,098,000 -20,209,000 -24,813,000 -7,370,000 -65,163,000 -17,997,000  -14,665,000 -16,742,000 -22,771,000  2,765,000 396,000 -16,550,000  
      yoy
    		                             -79.90% 12.29%  -49.74% 289.22% -20.97%  -630.38% -4327.78% 37.59%      
      qoq
    		                             -35.19% -18.55% 236.68% -88.69% 262.08%   -12.41% -26.48%   598.23% -102.39%   
      operating margin %
    		NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% -Infinity% NaN% -Infinity% -Infinity% -Infinity% NaN% Infinity% Infinity% -Infinity%  
      loss before gain on sale of real estate
    		                             -30,641,000 -52,145,000 -44,789,000             
      gain on sale of interests in unconsolidated joint ventures
    		                                            
      unrealized loss on interest rate cap
    		                               -172,000  -171,500 -91,000  -124,000 -471,000 -47,000  -480,000 -1,371,000   
      unrealized gain on interest rate cap
    		                                165,000            
      litigation charge
    		                                      19,000,000      
      acquisition-related expenses
    		                                         73,000 18,340,000  
      gain on sale of interest in unconsolidated joint venture
    		                                 10,932,250 43,729,000          
      net income attributable to common shareholders
    		                                 -7,635,750 10,514,000          
      net loss attributable to common shareholders
    		                                    -21,219,000 -19,838,000 -21,102,000  -7,117,000 -8,335,000 -18,301,000  
      weighted-average class a and class c common shares outstanding - basic and diluted
    		                                 33,804  31,386 33,766 33,510 31,419 31,386  31,391   
      allowance for doubtful accounts
    		                                      124,000  145,000    
      weighted-average class a and class c common shares outstanding—basic and diluted
    		                                        31,391    
      interest income
    		                                          38,000  
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 
                                                  
        assets
      		                                            
        investment in real estate
      		                                            
        land
      		20,808,000 25,406,000 31,258,000 38,412,000 55,081,000 65,009,000 65,009,000 59,157,000 72,562,000 102,090,000 108,366,000 134,291,000 154,807,000 172,813,000 282,917,000 360,067,000 437,431,000 475,667,000 516,488,000 525,441,000 571,334,000 592,770,000 601,882,000 633,287,000 654,698,000 667,004,000 673,055,000 686,160,000 682,176,000 696,792,000 700,725,000 711,261,000 750,870,000 799,971,000 799,971,000 840,021,000 840,021,000 840,021,000 840,021,000 840,563,000 840,563,000 840,563,000 840,563,000  
        buildings and improvements
      		124,538,000 134,946,000 152,611,000 197,086,000 219,224,000 239,978,000 235,330,000 208,255,000 300,148,000 344,972,000 324,781,000 356,952,000 464,586,000 463,616,000 804,882,000 818,496,000 927,214,000 994,221,000 999,343,000 1,019,293,000 1,100,525,000 1,107,532,000 1,172,848,000 1,128,051,000 1,133,636,000 1,112,653,000 1,007,738,000 932,624,000 912,767,000 900,173,000 883,042,000 860,739,000 851,416,000 829,168,000 859,782,000 845,598,000 841,931,000 839,663,000 831,269,000 829,227,000 817,025,000 814,652,000 811,537,000  
        accumulated depreciation
      		-15,278,000 -14,908,000 -21,328,000 -35,215,000 -35,599,000 -39,940,000 -37,915,000 -29,142,000 -31,514,000 -36,025,000 -35,119,000 -43,369,000 -55,347,000 -57,330,000 -127,043,000 -145,584,000 -153,454,000 -154,971,000 -159,347,000 -152,340,000 -146,884,000 -142,206,000 -142,025,000 -136,518,000 -156,023,000 -147,696,000 -136,423,000 -158,446,000 -147,679,000 -137,947,000 -165,011,000 -157,991,000 -148,926,000 -139,483,000 -126,712,000 -117,348,000 -104,502,000 -89,940,000 -78,025,000 -61,124,000 -45,368,000 -29,076,000 -14,535,000  
        investment in real estate - sum
      		130,068,000 145,444,000 162,541,000 200,283,000 238,706,000 265,047,000 262,424,000 238,270,000 341,196,000 411,037,000 398,028,000 447,874,000 564,046,000 579,099,000 960,756,000 1,032,979,000 1,211,191,000 1,314,917,000 1,356,484,000 1,392,394,000 1,524,975,000 1,558,096,000 1,632,705,000 1,624,820,000       1,418,756,000 1,414,009,000 1,453,360,000 1,489,656,000 1,533,041,000 1,568,271,000   1,593,265,000 1,608,666,000 1,612,220,000 1,626,139,000 1,637,565,000  
        construction in progress
      		629,000 629,000 2,093,000 91,378,000 91,245,000 93,587,000 92,597,000 105,780,000 132,210,000 135,305,000 131,015,000 128,931,000 157,824,000 185,324,000 260,007,000 371,168,000 388,323,000 381,194,000 390,443,000 353,178,000 345,648,000 352,776,000 363,317,000 424,700,000 412,222,000 338,672,000 363,695,000 393,655,000 327,006,000 292,049,000 263,696,000 209,237,000 252,350,000 224,904,000 175,516,000 155,031,000 75,318,000 55,208,000 44,172,000 34,605,000 18,797,000 13,136,000 8,874,000  
        net investment in real estate
      		130,697,000 146,073,000 164,634,000 291,661,000 329,951,000 358,634,000 355,021,000 344,050,000 473,406,000 546,342,000 529,043,000 576,805,000 721,870,000 764,423,000 1,220,763,000 1,404,147,000 1,599,514,000 1,696,111,000 1,746,927,000 1,745,572,000 1,870,623,000 1,910,872,000 1,996,022,000 2,049,520,000 2,044,533,000 1,970,633,000 1,908,065,000 1,853,993,000 1,774,270,000 1,751,067,000 1,682,452,000 1,623,246,000 1,705,710,000 1,714,560,000 1,708,557,000 1,723,302,000 1,652,768,000 1,644,952,000 1,637,437,000 1,643,271,000 1,631,017,000 1,639,275,000 1,646,439,000  
        real estate held for sale
      		8,953,000 8,692,000 141,447,000 8,511,000 8,406,000  46,607,000 87,137,000 75,574,000 39,332,000 110,616,000 98,084,000 245,894,000 455,617,000 202,777,000 117,013,000 92,078,000  12,273,000 30,923,000 24,441,000 1,864,000 8,190,000 3,204,000 3,204,000 5,275,000 10,213,000 5,277,000 7,510,000 3,094,000 15,144,000 15,139,000             
        investment in unconsolidated entities
      		144,102,000 156,242,000 164,463,000 165,937,000 176,104,000 189,699,000 199,307,000 195,353,000 199,810,000 196,437,000 208,672,000 301,493,000 353,919,000 382,597,000 383,061,000 445,152,000 471,271,000 498,563,000 464,244,000 468,269,000 459,576,000 457,033,000 487,424,000                      
        cash and cash equivalents
      		44,499,000 48,088,000 51,540,000 71,802,000 94,268,000 85,206,000 85,599,000 86,706,000 114,875,000 134,001,000 98,886,000 124,850,000 120,476,000 133,480,000 129,767,000 149,529,000 53,807,000 106,602,000 153,378,000 140,058,000 137,940,000 143,728,000 118,227,000 81,675,000 96,737,000 139,260,000 232,320,000 325,505,000 442,625,000 532,857,000 581,621,000 100,448,000 135,091,000 241,569,000 104,153,000 9,873,000 26,542,000 52,026,000 90,029,000 63,650,000 56,425,000 62,867,000 51,508,000  
        restricted cash
      		14,315,000 14,197,000 8,332,000 8,328,000 12,864,000 12,503,000 12,613,000 13,809,000 15,883,000 15,699,000 15,962,000 12,904,000 11,576,000 11,459,000 10,821,000 7,155,000 7,152,000 7,151,000 7,150,000 7,150,000 6,526,000 6,526,000 2,692,000         166,458,000 177,419,000 175,665,000 202,513,000 172,563,000 113,875,000 87,616,000 81,790,000 87,040,000 89,183,000 92,475,000 100,294,000  
        tenant and other receivables
      		3,750,000 3,665,000 7,167,000 7,199,000 7,560,000 7,894,000 8,508,000 9,134,000 9,907,000 12,246,000 20,638,000 22,188,000 25,982,000 41,495,000 39,943,000 42,816,000 38,172,000 29,111,000 27,499,000 31,192,000 33,964,000 46,570,000 39,916,000 65,278,000 48,602,000 54,470,000 57,186,000 50,388,000 41,740,000 36,926,000 45,214,000 43,911,000 32,021,000 30,787,000 28,166,000 26,385,000 24,287,000 23,172,000 13,477,000 17,148,000 14,557,000 9,772,000 4,585,000  
        lease intangible assets
      		168,000 171,000 901,000 924,000 985,000 1,047,000 1,109,000 188,000 191,000 886,000 930,000 1,524,000 1,615,000 1,791,000 4,511,000 10,295,000 13,151,000 14,817,000 15,970,000 16,840,000 17,702,000 18,595,000 20,756,000 31,950,000 44,121,000 68,153,000 91,013,000 96,332,000 101,452,000 123,656,000 207,947,000 251,303,000 291,613,000 310,098,000 327,229,000 388,586,000 420,253,000 464,399,000 505,564,000 533,537,000 555,359,000 578,795,000 597,531,000  
        prepaid expenses, deferred expenses and other assets
      		14,682,000 16,651,000 20,126,000 21,345,000 19,562,000 22,791,000 26,258,000 21,941,000 24,922,000 28,921,000 31,543,000 30,119,000 35,041,000 50,859,000 62,883,000 61,206,000 60,828,000 61,783,000 67,265,000 62,529,000 61,604,000 63,755,000 69,788,000 61,977,000 67,525,000 67,744,000 65,258,000 48,286,000 52,700,000 29,899,000 32,780,000 21,360,000 23,839,000 20,148,000 20,284,000 13,359,000 14,977,000 15,052,000 12,466,000 8,512,000 20,350,000 23,123,000 10,086,000  
        total assets
      		361,166,000 393,779,000 558,610,000 575,707,000 649,700,000 677,774,000 735,022,000 758,318,000 914,568,000 973,864,000 1,016,290,000 1,167,967,000 1,516,373,000 1,841,721,000 2,054,526,000 2,237,313,000 2,335,973,000 2,414,138,000 2,494,706,000 2,502,533,000 2,612,376,000 2,648,943,000 2,743,015,000 2,778,937,000 2,764,368,000 2,750,612,000 2,793,198,000 2,798,748,000 2,839,825,000 2,876,076,000 2,965,036,000 2,614,608,000 2,696,015,000 2,775,817,000 2,729,228,000 2,766,082,000 2,681,045,000 2,712,237,000 2,760,438,000 2,775,015,000 2,792,178,000 2,833,359,000 2,839,577,000 2,958 
        liabilities and shareholders' equity
      		                                            
        liabilities
      		                                            
        term loan facility
      		48,663,000 47,677,000 196,668,000 200,000,000 240,000,000 240,000,000 280,000,000 280,000,000 330,000,000 360,000,000 400,000,000 549,965,000 799,859,000 1,029,754,000 1,269,648,000 1,439,543,000 1,439,437,000 1,439,332,000 1,599,226,000 1,599,121,000 1,599,015,000 1,598,909,000 1,598,804,000 1,598,698,000 1,598,593,000 1,598,487,000 1,598,382,000 1,598,276,000 1,598,171,000 1,598,053,000 1,598,123,000              
        accounts payable, accrued expenses and other liabilities
      		11,192,000 13,302,000 22,852,000 22,970,000 27,250,000 31,971,000 36,228,000 36,639,000 40,970,000 50,700,000 56,028,000 56,320,000 58,559,000 89,368,000 118,700,000 107,720,000 98,773,000 109,379,000 123,178,000 107,915,000 121,379,000 146,882,000 184,000,000 168,277,000 153,407,000 108,755,000 115,607,000 104,952,000 118,674,000 127,565,000 115,508,000 97,541,000 99,063,000 109,433,000 111,482,000 103,285,000 129,139,000 121,055,000 130,283,000 114,492,000 106,744,000 120,860,000 93,668,000  
        total liabilities
      		59,855,000 60,979,000 219,520,000 222,970,000 267,250,000 271,971,000 316,228,000 316,639,000 370,970,000 410,700,000 456,028,000 606,285,000 858,418,000 1,119,122,000 1,423,881,000 1,602,915,000 1,558,849,000 1,569,338,000 1,743,017,000 1,727,644,000 1,740,976,000 1,766,216,000 1,803,220,000 1,766,975,000 1,752,000,000 1,707,242,000 1,713,989,000 1,703,228,000 1,716,845,000 1,725,618,000 1,713,631,000 1,315,414,000 1,373,446,000 1,454,957,000 1,396,106,000 1,436,641,000 1,303,157,000 1,287,926,000 1,295,958,000 1,259,588,000 1,250,500,000 1,263,282,000 1,234,757,000  
        commitments and contingencies
      		                                            
        shareholders' equity
      		                                            
        class a common shares 0.01 par value...
      		562,000 562,000 562,000 562,000 562,000 562,000 562,000 562,000 562,000 562,000 562,000 562,000 561,000 561,000 560,000 437,000 437,000 436,000 436,000 428,000 406,000 389,000 386,000 386,000 386,000 369,000 368,000 368,000 357,000 357,000 357,000 356,000 352,000 324,000           
        series a preferred shares 0.01 par value...
      		28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000           
        additional paid-in capital
      		1,362,719,000 1,362,719,000 1,362,718,000 1,362,718,000 1,362,718,000 1,362,644,000 1,363,148,000 1,362,864,000 1,362,386,000 1,361,742,000 1,361,384,000 1,360,718,000 1,360,060,000 1,360,411,000 1,359,686,000 1,242,165,000 1,241,583,000 1,241,048,000 1,240,311,000 1,230,009,000 1,200,874,000 1,177,260,000 1,179,727,000 1,178,268,000 1,177,553,000 1,149,721,000 1,145,854,000 1,144,458,000 1,124,457,000 1,124,504,000 1,124,461,000 1,122,251,000 1,116,841,000 1,116,060,000 996,047,000 995,673,000 993,014,000 925,563,000 925,296,000 925,042,000 924,775,000 924,508,000 924,350,000 2,957 
        accumulated deficit
      		-1,063,436,000 -1,031,893,000 -1,025,583,000 -1,011,936,000 -982,205,000 -958,778,000 -946,202,000 -923,004,000 -820,552,000 -800,342,000 -802,801,000 -800,674,000 -703,742,000 -640,531,000 -731,759,000 -719,181,000 -607,201,000 -553,771,000 -625,491,000 -611,647,000 -537,582,000 -528,637,000 -493,031,000 -441,753,000 -440,600,000 -418,711,000 -392,837,000 -380,734,000 -362,606,000 -344,132,000 -279,092,000 -246,650,000 -229,652,000 -229,760,000 -177,394,000 -179,397,000 -149,668,000 -121,338,000 -98,425,000 -69,414,000 -54,388,000 -38,145,000 -18,301,000  
        total shareholders' equity
      		299,873,000 331,416,000 337,725,000 351,372,000 381,103,000 404,456,000 417,536,000 440,450,000 542,424,000 561,990,000 559,173,000 560,634,000 656,907,000  628,515,000 523,449,000 634,847,000  615,284,000 618,818,000 663,726,000 649,040,000 687,110,000 736,929,000 737,367,000 731,419,000 753,425,000 764,132,000 762,249,000 780,770,000 845,767,000 875,998,000 887,586,000 886,696,000 819,006,000 816,629,000 843,699,000 804,557,000 827,203,000      
        non-controlling interests
      		1,438,000 1,384,000 1,365,000 1,365,000 1,347,000 1,347,000 1,258,000 1,229,000 1,174,000 1,174,000 1,089,000 1,048,000 1,048,000 2,130,000 2,130,000 110,949,000 142,277,000 157,059,000 136,405,000 156,071,000 207,674,000 233,687,000 252,685,000 275,033,000 275,001,000 311,951,000 325,784,000 331,388,000 360,731,000 369,688,000 405,638,000 423,196,000 434,983,000 434,164,000 514,116,000 512,812,000 534,189,000 619,754,000 637,277,000 659,467,000 670,959,000 683,382,000 698,439,000  
        total equity
      		301,311,000 332,800,000 339,090,000 352,737,000 382,450,000 405,803,000 418,794,000 441,679,000 543,598,000 563,164,000 560,262,000 561,682,000 657,955,000 722,599,000 630,645,000 634,398,000 777,124,000 844,800,000 751,689,000 774,889,000 871,400,000 882,727,000 939,795,000 1,011,962,000 1,012,368,000 1,043,370,000 1,079,209,000 1,095,520,000 1,122,980,000 1,150,458,000 1,251,405,000 1,299,194,000 1,322,569,000 1,320,860,000 1,333,122,000 1,329,441,000 1,377,888,000 1,424,311,000 1,464,480,000 1,515,427,000 1,541,678,000 1,570,077,000 1,604,820,000  
        total liabilities and equity
      		361,166,000 393,779,000 558,610,000 575,707,000 649,700,000 677,774,000 735,022,000 758,318,000 914,568,000 973,864,000 1,016,290,000 1,167,967,000  1,841,721,000    2,414,138,000   2,612,376,000 2,648,943,000 2,743,015,000 2,778,937,000 2,764,368,000 2,750,612,000 2,793,198,000 2,798,748,000 2,839,825,000 2,876,076,000 2,965,036,000 2,614,608,000 2,696,015,000 2,775,817,000 2,729,228,000 2,766,082,000 2,681,045,000 2,712,237,000 2,760,438,000 2,775,015,000 2,792,178,000 2,833,359,000 2,839,577,000  
        the company's condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the condensed consolidated balance sheets, as of march 31, 2026, include the following amounts related to our consolidated vies: 9.0 million included in real estate held for sale, 60.7 thousand of cash and 9.5 thousand of tenant and other receivables and 116.7 thousand of accounts payable, accrued expenses and other liabilities. the consolidated balance sheets, as of december 31, 2025, include the following amounts related to our consolidated vies: 8.7 million included in real estate held for sale, 9.9 thousand of cash, 9.5 thousand of tenant and other receivables and 74.5 thousand of accounts payable, accrued expenses and other liabilities.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of december 31, 2025, include the following amounts related to our consolidated vies: 8.7 million included in real estate held for sale, 9.9 thousand of cash, 9.5 thousand of tenant and other receivables and 74.5 thousand of accounts payable, accrued expenses and other liabilities. the company's consolidated balance sheets as of december 31, 2024, include the following amounts related to our consolidated vies: 3.3 million of land, 2.8 million of building and improvements, (0.9) million of accumulated depreciation and 3.2 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of september 30, 2025, include the following amounts related to our consolidated vies: 8.5 million included in real estate held for sale, 64.0 thousand of cash and 62.6 thousand of accounts payable, accrued expenses and other liabilities. the company's consolidated balance sheets as of december 31, 2024, include the following amounts related to our consolidated vies: 3.3 million of land, 2.8 million of building and improvements, (0.9) million of accumulated depreciation and 3.2 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of june 30, 2025, include the following amounts related to our consolidated vies: 8.5 million included in real estate held for sale and 0.2 million of cash. the company's consolidated balance sheets as of december 31, 2024, include the following amounts related to our consolidated vies: 3.3 million of land, 2.8 million of building and improvements, (0.9) million of accumulated depreciation and 3.2 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of march 31, 2025, include the following amounts related to our consolidated vies: 8.4 million included in real estate held for sale and 0.2 million of cash. the company's consolidated balance sheets as of december 31, 2024, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.9) million of accumulated depreciation and 3.2 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of december 31, 2024, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.9) million of accumulated depreciation and 3.2 million of other assets included in other line items. the company's consolidated balance sheets as of december 31, 2023, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.8) million of accumulated depreciation and 2.4 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of september 30, 2024, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.9) million of accumulated depreciation and 2.6 million of other assets included in other line items. the company's consolidated balance sheets as of december 31, 2023, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.8) million of accumulated depreciation and 2.4 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of june 30, 2024, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.9) million of accumulated depreciation and 2.7 million of other assets included in other line items. the company's consolidated balance sheets as of december 31, 2023, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.8) million of accumulated depreciation and 2.4 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of march 31, 2024, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.8) million of accumulated depreciation and 2.6 million of other assets included in other line items. the company's consolidated balance sheets as of december 31, 2023, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.8) million of accumulated depreciation and 2.4 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of december 31, 2023, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.8) million of accumulated depreciation and 2.4 million of other assets included in other line items. the company's consolidated balance sheets as of december 31, 2022, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (1.0) million of accumulated depreciation and 4.0 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of september 30, 2023, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.8) million of accumulated depreciation and 2.0 million of other assets included in other line items. the company's consolidated balance sheets as of december 31, 2022, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (1.0) million of accumulated depreciation and 4.0 million of other assets included in other line items.
      		                                            
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of june 30, 2023, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.8) million of accumulated depreciation and 2.3 million of other assets included in other line items. the company's consolidated balance sheets as of december 31, 2022, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (1.0) million of accumulated depreciation and 4.0 million of other assets included in other line items.
      		                                            
        total liabilities and shareholders' equity
      		            1,516,373,000  2,054,526,000 2,237,313,000 2,335,973,000  2,494,706,000 2,502,533,000                         
        the company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the consolidated balance sheets, as of march 31, 2023, include the following amounts related to our consolidated vies, excluding the operating partnership: 3.3 million of land, 2.8 million of building and improvements, (0.7) million of accumulated depreciation and 3.4 million of other assets included in other line items. the company's consolidated balance sheets as of december 31, 2022, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (1.0) million of accumulated depreciation and 4.0 million of other assets included in other line items.
      		                                            
        liabilities and equity
      		                                            
        sales-leaseback financing obligations
      		               20,652,000 20,639,000 20,627,000 20,613,000 20,608,000 20,582,000 20,425,000 20,416,000                      
        shareholders’ equity
      		                                            
        total shareholders’ equity
      		             720,469,000    687,741,000                      855,960,000 870,719,000 886,695,000 906,381,000  
        litigation reserve
      		              35,533,000 35,000,000                             
        the company's condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the condensed consolidated balance sheets, as of september 30, 2022, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (1.0) million of accumulated depreciation and 4.0 million of other assets included in other line items. the company's condensed consolidated balance sheets as of december 31, 2021, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (0.9) million of accumulated depreciation and 4.0 million of other assets included in other line items.
      		                                            
        the company's condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the condensed consolidated balance sheets, as of june 30, 2022, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (1.0) million of accumulated depreciation and 4.0 million of other assets included in other line items. the company's condensed consolidated balance sheets as of december 31, 2021, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (0.9) million of accumulated depreciation and 4.0 million of other assets included in other line items.
      		                                            
        the company's condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the condensed consolidated balance sheets, as of march 31, 2022, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (0.9) million of accumulated depreciation and 4.0 million of other assets included in other line items. the company's condensed consolidated balance sheets as of december 31, 2021, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (0.9) million of accumulated depreciation and 4.0 million of other assets included in other line items.
      		                                            
        the company's condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("vies"). see note 2. the condensed consolidated balance sheets, as of september 30, 2021, include the following amounts related to our consolidated vies, excluding the operating partnership: 6.6 million of land, 3.9 million of building and improvements, (0.9) million of accumulated depreciation and 4.3 million of other assets included in other line items. the company's condensed consolidated balance sheets as of december 31, 2020, do not include assets and liabilities of consolidated variable interest entities.
      		                                            
        class b common shares 0.01 par value...
      		                         12,000 12,000 12,000 13,000 13,000 13,000 13,000 13,000 13,000           
        investment in unconsolidated joint ventures
      		                       485,333,000 459,646,000 445,077,000 429,143,000 418,967,000 419,528,000 398,577,000 399,878,000 392,743,000 330,322,000 282,990,000 338,326,000 432,014,000 428,343,000 425,020,000 419,675,000   427,052,000 429,134,000  
        mortgage loans payable
      		                               1,073,762,000 1,130,793,000 1,202,314,000 1,200,615,000 1,250,336,000 1,174,018,000 1,166,871,000 1,165,675,000 1,145,096,000 1,143,756,000 1,142,422,000 1,141,089,000  
        unsecured term loan
      		                               144,111,000 143,590,000 143,210,000 84,009,000 83,020,000         
        class c common shares 0.01 par value...
      		                                4,000 31,000           
        class a shares 0.01 par value...
      		                                  280,000 279,000 281,000 258,000 258,000 258,000 259,000 248,000 249,000  
        class b shares 0.01 par value...
      		                                  14,000 14,000 14,000 16,000 16,000 16,000 16,000 16,000 16,000  
        class c shares 0.01 par value...
      		                                  59,000 60,000 58,000 58,000 58,000 58,000 57,000 68,000 67,000  
        investments in unconsolidated joint ventures
      		                                       421,857,000 425,287,000    
        cash
      		                                           2,958 
        shareholder’s equity
      		                                            
        common shares, 0.01 par value...
      		                                           1 
        total shareholder’s equity
      		                                           2,958 
        land, buildings and improvements
      		                                           1,992 
        in-place tenant leases
      		                                           157 
        deferred expenses
      		                                           96 
        below-market ground lease
      		                                           14 
        above-market leases
      		                                           1 
        below-market leases
      		                                           -12 
        investment in unconsolidated real estate affiliates
      		                                           429 
        total purchase price
      		                                           2,677 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-06-30 2017-03-31 2016-07-07 2016-06-30 2016-03-31 2015-09-30 
                                                
          cash flow from operating activities
        		                                        
          net loss
        		-30,318,000 -5,085,000 -12,422,000 -28,506,000 -22,202,000 -11,351,000 -21,973,000 -101,227,000 -18,985,000 3,684,000 -902,000 -95,707,000 -61,986,000 92,454,000 -3,481,000 -142,083,000 -66,987,000   -95,304,000 -10,933,000 -49,692,000 -72,401,000           -70,378,000    -12,565,000 -14,714,000 -31,853,000 
          adjustments to reconcile net loss to net cash from operating activities:
        		                                        
          equity in loss of unconsolidated entities
        		7,167,000 6,641,000 -644,000 -756,000 7,928,000 3,085,000 -118,000 566,000 -379,000 6,780,000 -993,000 13,698,000 36,372,000 3,009,000 2,275,000 33,720,000 33,076,000 202,000 5,535,000 2,327,000 1,162,000 2,161,000                   
          distributions from unconsolidated entities
        		1,408,000 635,000 909,000 1,329,000 1,276,000 854,000 1,947,000           1,482,000 -1,000,000 99,000 1,042,000 120,000                   
          gain on sale of real estate
        		 -11,439,000 0 -1,967,000 -6,936,000 -3,321,000 -4,184,000 -2,034,000 -1,139,000 -31,828,000 -18,506,000   -99,487,000 -45,433,000   -156,602,000 -22,774,000 -18,097,000 -24,208,000 -28,596,000 12,893,000 -52,064,000 -20,788,000 -25,786,000 -12,445,000 -11,612,000 -21,261,000 -2,746,000 -17,401,000 -34,187,000 -41,831,000 1,571,000       
          impairment of real estate assets
        		15,183,000 0 800,000   0 0 86,388,000 1,148,000 0 0 104,467,000 2,576,000 6,278,000 10,275,000 109,343,000 991,000 25,773,000 3,814,000 64,539,000 1,700,000 47,701,000                   
          share-based compensation
        		 0 0 0 201,000 82,000 284,000 478,000 644,000 661,000 647,000 653,000 774,000 1,032,000 843,000 467,000 425,000 631,000 272,000 42,000 911,000 -6,214,000 1,374,000 626,000 1,179,000 2,611,000 1,349,000 1,353,000 1,532,000            
          depreciation and amortization
        		400,000 469,000 1,698,000 2,040,000 2,075,000 2,258,000 4,377,000 1,212,000 5,271,000 2,843,000 2,913,000 4,151,000 4,564,000 9,342,000 9,169,000 10,669,000 11,934,000 11,570,000 13,159,000 13,328,000 13,142,000 14,551,000 23,647,000 23,702,000 34,097,000 36,578,000 21,593,000 20,194,000 26,216,000 92,627,000 49,830,000 49,551,000 34,667,000 91,878,000 50,571,000 58,663,000 44,532,000 37,324,000 39,509,000 32,935,000 
          amortization of deferred financing costs
        		986,000 1,009,000        0 35,000 106,000 105,000 106,000 105,000 106,000 105,000 105,000 105,000 106,000 106,000 105,000 105,000 105,000 106,000 105,000 106,000 105,000 118,000 101,000 6,631,000 1,870,000 1,720,000 2,329,000 2,479,000 1,582,000 1,341,000 1,340,000 1,340,000 1,324,000 
          amortization of above and below market leases
        		39,000 36,000 30,000 44,000 43,000 44,000 69,000 38,000 38,000 38,000 45,000 45,000 48,000 48,000 54,000 56,000 65,000 65,000 48,000 102,000 -39,000 -116,000 -1,541,000 -39,000 -97,000 -113,000 -135,000 -143,000 -104,000 -178,000 -176,000 -180,000 -234,000 -139,000 -399,000 -195,000 -190,000 -138,000 -192,000  
          straight-line rent adjustment
        		-3,000 -324,000 -166,000 -34,000 259,000 666,000 5,000 179,000 67,000 730,000 1,504,000 3,796,000 10,842,000 176,000 2,873,000 -3,599,000 -721,000 -236,000 -1,005,000 -1,238,000 210,000 1,362,000 -1,774,000 2,694,000 2,701,000 35,000 -6,661,000 -5,609,000 -3,355,000 4,575,000 1,082,000 -379,000 -2,453,000 -1,355,000 -1,945,000 -1,534,000 -3,015,000 -3,823,000 -4,404,000 -3,923,000 
          non-cash lease expense
        		1,000 0 147,000 438,000 437,000                                    
          change in operating assets and liabilities
        		                                        
          tenant and other receivables
        		-82,000  198,000 395,000 75,000                                    
          prepaid expenses, deferred expenses and other assets
        		1,890,000 2,701,000 -4,386,000 -1,597,000 2,567,000 3,741,000 -4,685,000 -551,000 2,406,000 3,611,000 -2,680,000 -17,000 5,034,000 6,028,000 -4,902,000 845,000 868,000 4,577,000 -6,941,000 -2,375,000 1,151,000 3,448,000 -8,578,000 5,075,000 -124,000 2,717,000 -12,797,000 5,179,000 -248,000 4,281,000 -11,124,000 1,261,000 -4,229,000 -577,000 1,148,000 -687,000 -4,262,000 11,218,000 1,540,000 -12,939,000 
          accounts payable, accrued expenses and other liabilities
        		-2,392,000 3,237,000 660,000 -2,844,000 5,084,000 -7,870,000 2,090,000 2,760,000 -10,046,000 -5,262,000 6,352,000 46,000 -12,557,000 -26,639,000 6,807,000 1,071,000 -2,491,000 -30,227,000 2,278,000 -11,177,000 3,352,000 -8,496,000 3,717,000 20,529,000 5,061,000 -5,902,000 7,521,000 -807,000 -8,818,000 16,389,000 -1,313,000 482,000 -502,000 -5,805,000 -31,490,000 9,039,000 18,590,000 6,423,000 -970,000 22,292,000 
          net cash from operating activities
        		-5,721,000 -1,161,000 -12,508,000 -12,041,000 -9,193,000 -13,927,000 -15,469,000 -7,528,000 -16,624,000 -11,040,000 -10,494,000 -9,575,000 -21,952,000 -44,376,000 -19,046,000 -24,453,000 -30,048,000   -44,506,000 -12,110,000 -22,014,000 -6,955,000 -8,145,000 -10,200,000 -19,311,000 -11,819,000 -9,759,000 -16,771,000 40,603,000 -1,909,000 8,546,000 7,659,000 12,700,000 -8,710,000 37,925,000 34,061,000 40,108,000 24,922,000 7,532,000 
          capital expenditures
        		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0   0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 
          free cash flows
        		-5,721,000 -1,161,000 -12,508,000 -12,041,000 -9,193,000 -13,927,000 -15,469,000 -7,528,000 -16,624,000 -11,040,000 -10,494,000 -9,575,000 -21,952,000 -44,376,000 -19,046,000 -24,453,000 -30,048,000   -44,506,000 -12,110,000 -22,014,000 -6,955,000 -8,145,000 -10,200,000 -19,311,000 -11,819,000 -9,759,000 -16,771,000 40,603,000 -1,909,000 8,546,000 7,659,000 12,700,000 -8,710,000 37,925,000 34,061,000 40,108,000 24,922,000 7,532,000 
          cash flow from investing activities
        		                                        
          investment in unconsolidated entities
        		-2,398,000 -130,000 0   -228,000 -5,796,000 -306,000 -2,925,000 -1,422,000 -821,000 -3,462,000 -7,665,000 -3,080,000 -7,007,000 -7,819,000 -7,613,000 -6,922,000 -10,443,000 -11,377,000 -9,902,000 -12,231,000                   
          net proceeds from sale of real estate
        		 158,508,000 0 22,802,000 28,758,000 49,215,000 23,432,000 38,728,000 44,312,000 96,022,000 59,005,000 238,461,000 279,985,000 314,243,000 160,865,000 159,719,000 8,467,000 197,239,000 72,856,000 78,093,000 44,234,000 97,101,000 92,284,000 84,163,000 58,330,000 57,363,000 29,384,000 16,189,000 37,569,000 39,405,000 36,093,000 74,164,000 60,435,000 -12,000       
          development of real estate
        		-144,000 -4,547,000 -3,734,000 -4,733,000 -13,308,000 -1,780,000 -3,287,000 -9,967,000 -12,480,000 -18,163,000 -11,679,000 -17,873,000 -32,030,000 -21,217,000 -25,045,000 -30,558,000 -22,474,000 -28,101,000 -32,605,000 -18,145,000 -26,804,000 -51,856,000 -55,682,000 -65,672,000 -73,610,000 -108,544,000 -96,582,000 -97,147,000 -85,413,000 -103,220,000 -68,332,000 -56,020,000 -85,983,000 -79,035,000 -83,227,000 -22,848,000 -14,013,000 -26,190,000 -7,033,000 -3,896,000 
          net cash from investing activities
        		3,421,000 154,906,000 -2,525,000 26,246,000 19,841,000 55,146,000 14,362,000 28,455,000 28,907,000 87,347,000 138,772,000 266,502,000 240,290,000 289,952,000 196,245,000 121,403,000 -21,521,000 164,887,000 39,721,000 48,571,000 7,528,000 52,565,000 27,008,000 -5,681,000 -31,024,000 -72,524,000    -72,199,000 -42,217,000 19,995,000 -25,054,000 -13,020,000 -92,331,000 -28,791,000 -13,005,000 -18,967,000 -3,532,000 -2,731,745,000 
          cash flow from financing activities
        		                                        
          preferred dividends paid
        		-1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,225,000 -1,134,000 -1,225,000          
          contributions from non-controlling member of consolidated variable interest entities
        		54,000 19,000 0                                      
          net cash from financing activities
        		-1,171,000 -151,332,000 -5,225,000 -41,207,000 -1,225,000 -41,722,000 -1,196,000 -51,170,000 -31,225,000 -41,455,000 -151,184,000 -251,225,000 -231,225,000 -241,225,000 -193,295,000 -1,225,000 -1,225,000 -161,232,000 2,549,000 -1,323,000 -1,206,000   -1,236,000 -1,299,000 -1,225,000 -1,336,000 -17,020,000 -16,866,000 -17,168,000 358,841,000 -74,145,000 -87,329,000 110,888,000 143,060,000 -8,359,000    2,775,721,000 
          net decrease in cash and cash equivalents, and restricted cash
        		-3,471,000 2,413,000 -20,258,000                                      
          cash and cash equivalents, and restricted cash, beginning of period
        		62,285,000 0 0 0 97,709,000 0 0 0 149,700,000 0 0 0 144,939,000  0 0 113,753,000  0 0 150,254,000                    
          cash and cash equivalents, and restricted cash, end of period
        		58,814,000 2,413,000 -20,258,000 -27,002,000 107,132,000 -503,000 -2,303,000 -30,243,000 130,758,000 34,852,000 -22,906,000 5,702,000 132,052,000  -16,096,000 95,725,000 60,959,000  13,320,000 2,742,000 144,466,000                    
          loss on sale of interest in unconsolidated entities
        		         0    538,000                           
          abandoned project costs
        		     0                                   
          tenants and other receivables
        		     -52,000 621,000 192,000 4,351,000 7,703,000 175,000 -2,000 4,668,000 -1,728,000 1,275,000 -2,030,000 -8,340,000 -1,385,000 3,720,000 3,142,000 294,000 3,410,000 18,814,000 -10,199,000 -2,300,000 4,074,000 476,000 -2,478,000 484,000 2,006,000 814,000 -4,110,000 1,034,000 -1,309,000 -154,000 419,000 7,574,000 1,232,000 -381,000 -662,000 
          net proceeds from sale of interests in unconsolidated entities
        		 0 0                                      
          repayment of term loan
        		 -150,000,000 0   -40,000,000 0 -50,000,000 -30,000,000 -40,000,000 -150,000,000 -250,000,000 -230,000,000                            
          payment of deferred financing costs
        		 0                            -267,000 -1,842,000 0 -363,000 -1,662,000 -1,003,000 -1,446,000    -21,431,000 
          purchase of shares related to stock grant recipients' tax withholdings
        		                  0 -124,000 -138,000 0 0 -11,000 -74,000 0 -111,000 -1,799,000 -1,613,000            
          loss on sale of interests in unconsolidated entities
        		  0                                      
          net increase in cash and cash equivalents
        		    9,423,000          -16,096,000                      26,379,000   51,508,000 
          gain on sale of interest in unconsolidated entities
        		                                        
          contributions from noncontrolling interests to consolidated vies
        		                                        
          net (decrease) and increase in cash and cash equivalents
        		          -22,906,000                              
          non-cash lease expenses
        		      366,000                                  
          net proceeds from disposition of interests in unconsolidated entities
        		                                        
          contributions from non-controlling member of consolidated vies
        		                                        
          net decrease in cash and cash equivalents
        		      -2,303,000 -30,243,000 -18,942,000    -12,887,000    -52,794,000   2,742,000 -5,788,000  39,244,000 -15,062,000 -42,523,000              -6,442,000  
          interest on sale-leaseback financing obligations
        		             0 422,000 13,000 12,000 14,000                       
          repayment of sales-leaseback financing obligations
        		             0                           
          contributions from noncontrolling interests in to consolidated vies
        		         85,000                               
          net increase and (decrease) in cash and cash equivalents
        		                                        
          litigation settlement
        		                                        
          net proceeds from disposition of interest in unconsolidated entities
        		          92,267,000                              
          loss on sale of real estate
        		            -12,392,000    1,015,000                        
          repayment of term loan facility
        		                                        
          proceeds from sale-leaseback financing obligations
        		                     9,000                   
          purchase of shares related to stock grant recipients’ tax withholdings
        		                                        
          contributions from noncontrolling interests in other partnerships
        		                                        
          net increase in cash, cash equivalents, and restricted cash
        		                         -93,060,000    -48,764,000 314,715,000 -45,604,000 -104,724,000 110,568,000 42,019,000 775,000     
          cash, cash equivalents, and restricted cash, beginning of period
        		                         0 0 0 532,857,000 0 0 0 417,234,000 0 0 139,642,000     
          cash, cash equivalents, and restricted cash, end of period
        		                         -93,060,000 -93,185,000 -117,120,000 442,625,000 -48,764,000 314,715,000 -45,604,000 312,510,000 110,568,000 42,019,000 140,417,000     
          litigation reserve
        		              533,000                          
          proceeds from issuance of common stock and non-controlling interest
        		                                       1,644,042,000 
          common dividends paid
        		                         0 0 -8,966,000 -8,998,000 -8,897,000 -8,915,000 -8,988,000 -8,877,000 -8,869,000 -8,466,000 -8,447,000 -7,872,000 -7,872,000 -15,738,000  
          non-controlling interests distributions paid
        		                         0 0 -5,030,000 -5,030,000 -5,030,000 -5,030,000 -5,003,000 -5,055,000 -5,055,000 -5,458,000 -5,477,000 -6,044,000 -6,044,000 -12,088,000  
          net income
        		                        -30,975,000 -37,342,000 -16,482,000 -25,885,000 -10,894,000   -10,602,000 16,201,000   -32,844,000     
          adjustments to reconcile net income to net cash from operating activities:
        		                                        
          net cash (used in) operating activities
        		                                        
          net increase / (decrease) in cash and cash equivalents
        		                                        
          repayment of sale-leaseback financing obligations
        		                   26,000 157,000                    
          change in fair value of interest rate cap
        		                                       2,814,000 
          proceeds from term loan facility
        		                             0           
          repayment of mortgage loans payable
        		                             0 -1,079,147,000 -58,380,000 -73,034,000 0       
          repayment of unsecured term loan
        		                             0           
          preferred stock offering costs
        		                                        
          net cash provided (used) in financing activities
        		                                        
          equity in loss of unconsolidated joint ventures
        		                       1,322,000 894,000 3,656,000 5,616,000    2,266,000 2,158,000 2,582,000 3,562,000       
          distributions from unconsolidated joint ventures
        		                       0 46,000 56,000 40,000 0 781,000 -7,933,000 3,384,000 6,395,000 2,110,000 3,630,000 3,892,000 3,623,000 3,679,000 4,342,000 3,851,000 2,598,000 
          investment in unconsolidated joint ventures
        		                       -24,172,000 -16,894,000 -21,483,000 -13,092,000 -10,478,000 -9,140,000 -7,483,000 -13,362,000 -4,544,000 -1,616,000        
          cash and cash equivalents, beginning of period
        		                       0 139,260,000            0 0 62,867,000  
          cash and cash equivalents, end of period
        		                       -15,062,000 96,737,000            26,379,000 7,225,000 56,425,000 51,508,000 
          unrealized loss on interest rate cap
        		                               172,000 -165,000 15,000 124,000 471,000 47,000 480,000 1,371,000  
          gain on sale of interest in unconsolidated joint venture
        		                                 -16,573,000       
          net proceeds from disposition of interest in unconsolidated joint ventures
        		                                        
          proceeds from future funding facility
        		                                 0 72,987,000 7,011,000     
          proceeds from unsecured term loan
        		                                 145,000,000       
          repayment of unsecured delayed draw term loan
        		                                        
          proceeds from issuance of preferred stock
        		                                        
          payment of preferred offering costs
        		                                        
          net cash used by investing activities
        		                                        
          net decrease in cash, cash equivalents, and restricted cash
        		                           -117,120,000 -90,232,000            
          equity in (income) loss of unconsolidated joint ventures
        		                            -1,222,000            
          unrealized (gain) loss on interest rate cap
        		                                        
          net cash from by investing activities
        		                            -56,595,000            
          equity in loss (income) of unconsolidated joint ventures
        		                                        
          loss on interest rate cap
        		                                        
          stock-based compensation
        		                              2,210,000 2,510,000 869,000 5,851,000 389,000 390,000 267,000 267,000 267,000 716,000 
          offering related costs
        		                              0         -8,086,000 
          acquisition of real estate and unconsolidated joint ventures
        		                                       -2,653,019,000 
          net proceeds from disposition of interest in unconsolidated joint venture
        		                                 67,982,000       
          proceeds from issuance of mortgage loans payable
        		                                       1,161,196,000 
          investments in unconsolidated joint ventures
        		                                  -9,104,000 -5,943,000     
          supplemental disclosure of cash flow information
        		                                        
          cash payments for interest
        		                                  17,932,000 16,052,000 15,422,000 15,268,000 14,805,000 11,001,000 
          capitalized interest
        		                                  2,184,000 1,177,000 915,000 723,000 560,000  
          income taxes paid
        		                                  147,000 119,000 99,000 158,000 155,000 451,000 
          supplemental disclosure of non-cash investing and financing activities
        		                                        
          development of real estate financed with accounts payable
        		                                  6,201,000 5,899,000 -2,234,000 1,819,000 3,857,000 6,214,000 
          dividends and distribution declared and unpaid
        		                                  0 13,969,000 1,000 1,000 13,952,000  
          decrease in assets and liabilities resulting from deconsolidated properties
        		                                        
          real estate
        		                                        
          lease intangible assets
        		                                        
          equity in income of unconsolidated joint ventures
        		                                   -1,002,000 -1,497,000 -912,000 -2,086,000 -2,720,000 
          restricted cash
        		                                    4,242,000 -5,080,000 -209,000 -2,856,000 
          decrease in restricted cash
        		                                     7,223,000 3,501,000  
          net cash used by financing activities
        		                                      -27,832,000  
          decrease (increase) in restricted cash
        		                                        
          payment of financing costs
        		                                     0 -6,000  
          increase in restricted cash
        		                                       -74,830,000 
          amortization of below market leases
        		                                       -194,000