| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Shopping Centers | 172.1 | 169.7 | 161.9 | 167.9 | 164.3 | 165.2 | 160.2 | 156.1 |
| Mixed-Use Properties | 73.8 | 69.5 | 63.4 | 63.6 | 62.9 | 61.1 | 56.8 | 52.9 |
| Base rent | | | | | | | | 168.3 |
| Expense recoveries | | | | | | | | 32.9 |
| Total revenues [+] | 245.9 | 239.2 | 225.2 | 231.5 | 227.2 | 226.3 | 217.0 | 209.1 |
| Tenant reimbursements | | | | | | | | 32.9 |
| Lease / rental | | | | | | | 172.4 | 168.3 |
| Other real estate | | | | | | | | 6.3 |
| Other income | 5.0 | 4.7 | 4.9 | 8.2 | 5.5 | 8.1 | | |
| Revenue growth [+] | 2.8% | 6.2% | -2.7% | 1.9% | 0.4% | 4.3% | 3.8% | 1.0% |
| Shopping Centers | 1.4% | 4.8% | -3.6% | 2.2% | -0.5% | 3.2% | 2.6% | 1.1% |
| Mixed-Use Properties | 6.1% | 9.8% | -0.4% | 1.2% | 3.0% | 7.4% | 7.4% | 0.5% |
| Base rent | | | | | | | | 2.3% |
| Expense recoveries | | | | | | | | 2.4% |
| Unit growth | 0.0% | 0.0% | 0.0% | 3.1% | 0.0% | 10.3% | -6.5% | -3.1% |
| Cost of goods sold [+] | 129.0 | 123.3 | 116.8 | 115.9 | 111.2 | 109.4 | 53.7 | 93.5 |
| Depreciation and amortization | | | | | | | | 43.3 |
| Real estate taxes and insurance | 28.6 | 28.7 | 29.6 | 28.0 | 27.4 | 27.0 | | 23.7 |
| Real estate or leased property costs | 35.9 | 32.9 | 28.9 | 29.9 | 28.2 | 27.7 | | 26.6 |
| Gross profit | 116.8 | 116.0 | 108.4 | 115.7 | 116.1 | 116.9 | 163.3 | 115.6 |
| Gross margin | 47.5% | 48.5% | 48.1% | 50.0% | 51.1% | 51.7% | 75.3% | 55.3% |
| Selling, general and administrative [+] | 22.7 | 20.6 | 19.5 | 21.2 | 18.9 | 18.5 | 17.9 | 16.8 |
| General and administrative | 22.7 | 20.6 | 19.5 | 21.2 | 18.9 | 18.5 | 17.9 | 16.8 |
| Other selling, general and administrative | | | | | | | | |
| Other operating expenses | -20.9 | -16.6 | -12.9 | -15.6 | -12.2 | -8.0 | 45.3 | 45.8 |
| EBITDA [+] | 115.0 | 111.9 | 101.7 | 110.1 | 109.4 | 106.4 | 100.2 | 96.3 |
| EBITDA growth | 2.8% | 10.0% | -7.6% | 0.6% | 2.8% | 6.2% | 4.1% | 2.3% |
| EBITDA margin | 46.8% | 46.8% | 45.2% | 47.6% | 48.2% | 47.0% | 46.2% | 46.1% |
| Depreciation and amortization | 49.0 | 50.3 | 51.1 | 46.3 | 45.9 | 45.7 | 44.4 | 43.3 |
| EBIT [+] | 66.0 | 61.6 | 50.6 | 63.8 | 63.6 | 60.7 | 55.8 | 53.0 |
| EBIT growth | 7.1% | 21.9% | -20.6% | 0.3% | 4.7% | 8.9% | 5.2% | 0.3% |
| EBIT margin | 26.9% | 25.8% | 22.5% | 27.5% | 28.0% | 26.8% | 25.7% | 25.4% |
| Non-recurring items [+] | | | 0.3 | | 0.5 | | 0.1 | 0.1 |
| Loss (gain) on sale of assets | | | 0.3 | | 0.5 | | | |
| Interest expense | 53.2 | 50.6 | 51.7 | 52.0 | 49.7 | 47.2 | 46.9 | 45.9 |
| Other income (expense), net [+] | 52.6 | 50.6 | 51.7 | 52.5 | 49.7 | 47.2 | 47.9 | 45.9 |
| Gain (loss) on debt retirement | 0.6 | | | | | | | |
| Gain (loss) on derivative instruments | | | | -0.4 | 0.0 | 0.1 | 0.0 | 0.0 |
| Other | | | | | | | 0.1 | |
| Pre-tax income | 65.4 | 61.6 | 50.3 | 64.2 | 63.1 | 60.7 | 56.7 | 52.9 |
| Income taxes | 15.2 | 13.3 | 9.9 | 12.5 | 12.5 | 12.4 | 11.4 | 10.5 |
| Tax rate | 23.2% | 21.5% | 19.7% | 19.4% | 19.8% | 20.5% | 20.2% | 19.8% |
| Minority interest | 15.2 | 13.3 | 9.9 | 12.5 | 12.5 | 12.4 | 11.4 | 10.5 |
| Net income | 39.0 | 37.2 | 29.2 | 36.3 | 36.0 | 35.9 | 32.9 | 30.1 |
| Net margin | 15.9% | 15.5% | 13.0% | 15.7% | 15.8% | 15.9% | 15.2% | 14.4% |
| |
| Basic EPS [+] | $1.63 | $1.57 | $1.25 | $1.58 | $1.61 | $1.64 | $1.53 | $1.42 |
| Growth | 3.5% | 25.8% | -20.7% | -1.9% | -1.9% | 7.1% | 7.4% | -7.8% |
| Diluted EPS [+] | $1.63 | $1.57 | $1.25 | $1.57 | $1.60 | $1.63 | $1.52 | $1.42 |
| Growth | 3.5% | 25.8% | -20.5% | -1.9% | -1.6% | 7.1% | 7.2% | -7.9% |
| |
| Dividends per share [+] | $2.32 | $2.16 | $2.12 | $2.12 | $2.08 | $2.04 | $1.84 | $1.69 |
| Growth | 7.4% | 1.9% | 0.0% | 1.9% | 2.0% | 10.9% | 8.9% | 8.5% |
| |
| Shares outstanding (basic) [+] | 24.0 | 23.7 | 23.4 | 23.0 | 22.4 | 21.9 | 21.5 | 21.1 |
| Growth | 1.3% | 1.3% | 1.5% | 2.8% | 2.2% | 1.8% | 1.8% | 1.7% |
| Shares outstanding (diluted) [+] | 24.0 | 23.7 | 23.4 | 23.1 | 22.4 | 22.0 | 21.6 | 21.2 |
| Growth | 1.3% | 1.3% | 1.3% | 2.8% | 1.9% | 1.8% | 2.0% | 1.8% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |