Brixmor Property (BRX) 10-Q 29 Oct 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 01, 2018
Entity Registrant Name	Brixmor Property Group Inc.
Entity Central Index Key	1,581,068
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		299,806,785
Brixmor Operating Partnership LP
Entity Registrant Name	Brixmor Operating Partnership LP
Entity Central Index Key	1,630,031
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Real estate
Land	$ 1,845,114	$ 1,984,309
Buildings and improvements	8,409,857	8,937,182
Real estate, gross	10,254,971	10,921,491
Accumulated depreciation and amortization	(2,358,782)	(2,361,070)
Real estate, net	7,896,189	8,560,421
Cash and cash equivalents	19,607	56,938
Restricted cash	45,412	53,839
Marketable securities	30,725	28,006
Receivables, net of allowance for doubtful accounts of $18,947 and $17,205	230,782	232,111
Deferred charges and prepaid expenses, net	150,232	147,508
Other assets	124,491	75,103
Total assets	8,497,438	9,153,926
Liabilities
Debt obligations, net	5,106,708	5,676,238
Accounts payable, accrued expenses and other liabilities	516,468	569,340
Total liabilities	5,623,176	6,245,578
Commitments and contingencies (Note 13)
Equity
Common stock	2,999	3,046
Additional paid-in capital	3,254,722	3,330,466
Accumulated other comprehensive income	27,121	24,211
Distributions in excess of net income	(410,580)	(449,375)
Total equity	2,874,262	2,908,348
Total liabilities and equity	8,497,438	9,153,926
Brixmor Operating Partnership LP
Real estate
Land	1,845,114	1,984,309
Buildings and improvements	8,409,857	8,937,182
Real estate, gross	10,254,971	10,921,491
Accumulated depreciation and amortization	(2,358,782)	(2,361,070)
Real estate, net	7,896,189	8,560,421
Cash and cash equivalents	19,582	56,908
Restricted cash	45,412	53,839
Marketable securities	30,506	27,787
Receivables, net of allowance for doubtful accounts of $18,947 and $17,205	230,782	232,111
Deferred charges and prepaid expenses, net	150,232	147,508
Other assets	124,491	75,103
Total assets	8,497,194	9,153,677
Liabilities
Debt obligations, net	5,106,708	5,676,238
Accounts payable, accrued expenses and other liabilities	516,468	569,340
Total liabilities	5,623,176	6,245,578
Commitments and contingencies (Note 13)
Equity
Common stock	2,846,886	2,883,875
Accumulated other comprehensive income	27,132	24,224
Total equity	2,874,018	2,908,099
Total liabilities and equity	$ 8,497,194	$ 9,153,677

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Allowance for doubtful accounts receivable	$ 18,947	$ 17,205
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares issued	305,118,890	304,947,144
Common stock, shares outstanding	299,891,880	304,620,186
Brixmor Operating Partnership LP
Allowance for doubtful accounts receivable	$ 18,947	$ 17,205
Common stock, shares issued	305,118,890	304,947,144
Common stock, shares outstanding	299,891,880	304,620,186

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues
Rental income	$ 239,217	$ 246,578	$ 726,549	$ 749,976
Expense reimbursements	66,348	66,489	204,589	206,718
Other revenues	915	1,429	5,547	6,426
Total revenues	306,480	314,496	936,685	963,120
Operating expenses
Operating costs	31,969	30,505	101,340	100,955
Real estate taxes	44,711	45,076	135,383	135,607
Depreciation and amortization	85,183	94,239	266,900	285,040
Provision for doubtful accounts	3,094	1,216	6,458	4,023
Impairment of real estate assets	16,372	11,065	44,201	27,383
General and administrative	21,209	22,838	64,955	67,043
Total operating expenses	202,538	204,939	619,237	620,051
Other income (expense)
Dividends and interest	156	76	356	234
Interest expense	(55,364)	(57,410)	(165,735)	(170,584)
Gain on sale of real estate assets	119,333	25,942	159,043	54,920
Gain (loss) on extinguishment of debt, net	(19,759)	1,828	(20,182)	488
Other	(962)	(1,200)	(2,200)	(2,591)
Total other income (expense)	43,404	(30,764)	(28,718)	(117,533)
Income before equity in income of unconsolidated joint venture	147,346	78,793	288,730	225,536
Equity in income of unconsolidated joint venture	0	31	0	381
Gain on disposition of unconsolidated joint venture interest	0	4,556	0	4,556
Net income	147,346	83,380	288,730	230,473
Net income attributable to non-controlling interests	0	0	0	(76)
Net income attributable to Brixmor Property Group Inc.	147,346	83,380	288,730	230,397
Preferred stock dividends	0	0	0	(39)
Net income attributable to common stockholders	$ 147,346	$ 83,380	$ 288,730	$ 230,358
Net income attributable to common stockholders:
Basic (usd per share)	$ 0.49	$ 0.27	$ 0.95	$ 0.76
Diluted (usd per share)	$ 0.49	$ 0.27	$ 0.95	$ 0.75
Weighted average shares:
Basic (in shares)	302,170	304,936	303,031	304,810
Diluted (in shares)	302,382	305,176	303,213	305,175
Brixmor Operating Partnership LP
Revenues
Rental income	$ 239,217	$ 246,578	$ 726,549	$ 749,976
Expense reimbursements	66,348	66,489	204,589	206,718
Other revenues	915	1,429	5,547	6,426
Total revenues	306,480	314,496	936,685	963,120
Operating expenses
Operating costs	31,969	30,505	101,340	100,955
Real estate taxes	44,711	45,076	135,383	135,607
Depreciation and amortization	85,183	94,239	266,900	285,040
Provision for doubtful accounts	3,094	1,216	6,458	4,023
Impairment of real estate assets	16,372	11,065	44,201	27,383
General and administrative	21,209	22,838	64,955	67,043
Total operating expenses	202,538	204,939	619,237	620,051
Other income (expense)
Dividends and interest	156	76	356	234
Interest expense	(55,364)	(57,410)	(165,735)	(170,584)
Gain on sale of real estate assets	119,333	25,942	159,043	54,920
Gain (loss) on extinguishment of debt, net	(19,759)	1,828	(20,182)	488
Other	(962)	(1,200)	(2,200)	(2,591)
Total other income (expense)	43,404	(30,764)	(28,718)	(117,533)
Income before equity in income of unconsolidated joint venture	147,346	78,793	288,730	225,536
Equity in income of unconsolidated joint venture	0	31	0	381
Gain on disposition of unconsolidated joint venture interest	0	4,556	0	4,556
Net income	$ 147,346	$ 83,380	$ 288,730	$ 230,473
Net income attributable to common stockholders:
Basic (usd per share)	$ 0.49	$ 0.27	$ 0.95	$ 0.76
Diluted (usd per share)	$ 0.49	$ 0.27	$ 0.95	$ 0.76
Weighted average shares:
Basic (in shares)	302,170	304,936	303,031	304,914
Diluted (in shares)	302,382	305,176	303,213	305,175

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Net income	$ 147,346	$ 83,380	$ 288,730	$ 230,473
Other comprehensive income (loss)
Change in unrealized gain (loss) on interest rate swaps, net (Note 6)	(1,242)	(962)	2,950	(1,434)
Change in unrealized loss on marketable securities	0	(11)	(40)	(31)
Total other comprehensive income (loss)	(1,242)	(973)	2,910	(1,465)
Comprehensive income	146,104	82,407	291,640	229,008
Comprehensive income attributable to non-controlling interests	0	0	0	(76)
Comprehensive income attributable to common stockholders	146,104	82,407	291,640	228,932
Brixmor Operating Partnership LP
Net income	147,346	83,380	288,730	230,473
Other comprehensive income (loss)
Change in unrealized gain (loss) on interest rate swaps, net (Note 6)	(1,242)	(962)	2,950	(1,434)
Change in unrealized loss on marketable securities	(4)	(10)	(42)	(30)
Total other comprehensive income (loss)	(1,246)	(972)	2,908	(1,464)
Comprehensive income attributable to common stockholders	$ 146,100	$ 82,408	$ 291,638	$ 229,009

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Brixmor Operating Partnership LP	Common Stock	Common StockBrixmor Operating Partnership LP	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Accumulated Other Comprehensive IncomeBrixmor Operating Partnership LP	Distributions in Excess of Net Income
Beginning balance (in shares) at Dec. 31, 2017			304,620
Beginning balance at Dec. 31, 2017	$ 2,908,348	$ 2,908,099	$ 3,046	$ 2,883,875	$ 3,330,466	$ 24,211	$ 24,224	$ (449,375)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(83,479)	(83,479)		(83,479)				(83,479)
Equity based compensation expense	2,484	2,484		2,484	2,484
Other comprehensive income (loss)	4,687	4,688				4,687	4,688
Issuance of common stock and OP Units (in shares)			128
Issuance of common stock and OP Units	1	1	$ 1	1
Repurchase of common stock, shares			(1,922)
Repurchases of common stock	(29,765)	(29,765)	$ (19)	(29,765)	(29,746)
Share-based awards retained for taxes	(1,722)	(1,722)		(1,722)	(1,722)
Net income	61,022							61,022
Net income attributable to Brixmor Operating Partnership LP				61,022
Ending balance (in shares) at Mar. 31, 2018			302,826
Ending balance at Mar. 31, 2018	2,861,576	2,861,328	$ 3,028	2,832,416	3,301,482	28,898	28,912	(471,832)
Beginning balance (in shares) at Dec. 31, 2017			304,620
Beginning balance at Dec. 31, 2017	2,908,348	2,908,099	$ 3,046	2,883,875	3,330,466	24,211	24,224	(449,375)
Increase (Decrease) in Equity [Roll Forward]
Other comprehensive income (loss)	2,910	2,908
Net income	288,730	288,730
Ending balance (in shares) at Sep. 30, 2018			299,892
Ending balance at Sep. 30, 2018	2,874,262	2,874,018	$ 2,999	2,846,886	3,254,722	27,121	27,132	(410,580)
Beginning balance (in shares) at Mar. 31, 2018			302,826
Beginning balance at Mar. 31, 2018	2,861,576	2,861,328	$ 3,028	2,832,416	3,301,482	28,898	28,912	(471,832)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(83,584)	(83,584)		(83,584)				(83,584)
Equity based compensation expense	2,784	2,784		2,784	2,784
Other comprehensive income (loss)	(535)	(534)				(535)	(534)
Issuance of common stock and OP Units (in shares)			42
Issuance of common stock and OP Units	1	1	$ 1	1
Repurchase of common stock, shares			(241)
Repurchases of common stock	(3,500)	(3,500)	$ (3)	(3,500)	(3,497)
Share-based awards retained for taxes	(133)	(133)		(133)	(133)
Net income	80,362							80,362
Net income attributable to Brixmor Operating Partnership LP				80,362
Ending balance (in shares) at Jun. 30, 2018			302,627
Ending balance at Jun. 30, 2018	2,856,971	2,856,724	$ 3,026	2,828,346	3,300,636	28,363	28,378	(475,054)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(82,872)	(82,865)		(82,865)				(82,872)
Equity based compensation expense	2,738	2,738		2,738	2,738
Other comprehensive income (loss)	(1,242)	(1,246)				(1,242)	(1,246)
Issuance of common stock and OP Units (in shares)			2
Issuance of common stock and OP Units	0		$ 0
Repurchase of common stock, shares			(2,737)
Repurchases of common stock	(48,670)	(48,670)	$ (27)	(48,670)	(48,643)
Share-based awards retained for taxes	(9)	(9)		(9)	(9)
Net income	147,346	147,346						147,346
Net income attributable to Brixmor Operating Partnership LP				147,346
Ending balance (in shares) at Sep. 30, 2018			299,892
Ending balance at Sep. 30, 2018	$ 2,874,262	$ 2,874,018	$ 2,999	$ 2,846,886	$ 3,254,722	$ 27,121	$ 27,132	$ (410,580)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017
Statement of Stockholders' Equity [Abstract]
Dividends, per common share	$ 0.275	$ 0.275	$ 0.275	$ 0.260

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Operating activities:
Net income	$ 147,346	$ 61,022	$ 83,380	$ 288,730	$ 230,473
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization				266,900	285,040
Debt premium and discount amortization				(2,804)	(4,371)
Deferred financing cost amortization				4,909	5,283
Above- and below-market lease intangible amortization				(20,644)	(23,012)
Provisions for impairment	16,372		11,065	44,201	27,383
Gain on disposition of operating properties				(159,043)	(54,920)
Gain on disposition of unconsolidated joint venture interest	0		(4,556)	0	(4,556)
Equity based compensation	2,700		2,900	8,006	7,838
Other				2,587	1,836
(Gain) loss on extinguishment of debt, net				20,182	(488)
Changes in operating assets and liabilities:
Receivables				1,416	(15,675)
Deferred charges and prepaid expenses				(35,840)	(41,760)
Other assets				3,637	(3,753)
Accounts payable, accrued expenses and other liabilities				(22,055)	11,801
Net cash provided by operating activities				400,182	421,119
Investing activities:
Improvements to and investments in real estate assets				(185,048)	(140,036)
Acquisitions of real estate assets				(8,994)	(111,790)
Proceeds from sales of real estate assets				676,959	228,680
Proceeds from sale of unconsolidated joint venture interest				0	12,369
Purchase of marketable securities				(27,923)	(23,998)
Proceeds from sale of marketable securities				25,076	20,640
Net cash provided by (used in) investing activities				480,070	(14,135)
Financing activities:
Repayment of secured debt obligations				(518,308)	(396,356)
Repayment of borrowings under unsecured revolving credit facility				(74,000)	(548,000)
Proceeds from borrowings under unsecured revolving credit facility				215,000	426,000
Proceeds from unsecured notes				250,000	1,193,916
Repayment of borrowings under unsecured term loan				(435,000)	(790,000)
Deferred financing and debt extinguishment costs				(29,017)	(11,185)
Distributions to common stockholders				(250,886)	(238,106)
Distributions to non-controlling interests				0	(1,390)
Repurchases of common shares				(81,935)	0
Repurchases of common shares in conjunction with equity award plans				(1,864)	(2,714)
Net cash used in financing activities				(926,010)	(367,835)
Net change in cash, cash equivalents and restricted cash				(45,758)	39,149
Cash, cash equivalents and restricted cash at beginning of period		110,777		110,777	102,869	$ 102,869
Cash, cash equivalents and restricted cash at end of period	65,019		142,018	65,019	142,018	110,777
Reconciliation to consolidated balance sheets
Cash and cash equivalents	19,607		29,978	19,607	29,978	56,938
Restricted cash							$ 45,412	$ 53,839	$ 112,040
Cash, cash equivalents and restricted cash at end of period	65,019	110,777	142,018	110,777	102,869	102,869	65,019	110,777	142,018
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $1,798 and $2,268				173,079	176,524
Brixmor Operating Partnership LP
Operating activities:
Net income	147,346		83,380	288,730	230,473
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization				266,900	285,040
Debt premium and discount amortization				(2,804)	(4,371)
Deferred financing cost amortization				4,909	5,283
Above- and below-market lease intangible amortization				(20,644)	(23,012)
Provisions for impairment				44,201	27,383
Gain on disposition of operating properties				(159,043)	(54,920)
Gain on disposition of unconsolidated joint venture interest	0		(4,556)	0	(4,556)
Equity based compensation				8,006	7,838
Other				2,587	1,836
(Gain) loss on extinguishment of debt, net				20,182	(488)
Changes in operating assets and liabilities:
Receivables				1,416	(15,675)
Deferred charges and prepaid expenses				(35,840)	(41,760)
Other assets				3,637	(3,753)
Accounts payable, accrued expenses and other liabilities				(22,055)	11,801
Net cash provided by operating activities				400,182	421,119
Investing activities:
Improvements to and investments in real estate assets				(185,048)	(140,036)
Acquisitions of real estate assets				(8,994)	(111,790)
Proceeds from sales of real estate assets				676,959	228,680
Proceeds from sale of unconsolidated joint venture interest				0	12,369
Purchase of marketable securities				(27,922)	(23,995)
Proceeds from sale of marketable securities				25,076	20,640
Net cash provided by (used in) investing activities				480,071	(14,132)
Financing activities:
Repayment of secured debt obligations				(518,308)	(396,356)
Repayment of borrowings under unsecured revolving credit facility				(74,000)	(548,000)
Proceeds from borrowings under unsecured revolving credit facility				215,000	426,000
Proceeds from unsecured notes				250,000	1,193,916
Repayment of borrowings under unsecured term loan				(435,000)	(790,000)
Deferred financing and debt extinguishment costs				(29,017)	(11,185)
Partner distributions				(334,681)	(242,209)
Net cash used in financing activities				(926,006)	(367,834)
Net change in cash, cash equivalents and restricted cash				(45,753)	39,153
Cash, cash equivalents and restricted cash at beginning of period		110,747		110,747	102,835	102,835
Cash, cash equivalents and restricted cash at end of period	64,994		141,988	64,994	141,988	110,747
Reconciliation to consolidated balance sheets
Cash and cash equivalents	19,582		29,948	19,582	29,948	56,908
Restricted cash							45,412	53,839	112,040
Cash, cash equivalents and restricted cash at end of period	$ 64,994	$ 110,747	$ 141,988	$ 110,747	$ 102,835	$ 102,835	$ 64,994	$ 110,747	$ 141,988

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Interest paid, capitalized	$ 1,798	$ 2,268
Brixmor Operating Partnership LP
Interest paid, capitalized	$ 1,798	$ 2,268

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Nature of Business and Financial Statement Presentation	Nature of Business and Financial Statement Presentation Description of Business Brixmor Property Group Inc. and subsidiaries (collectively, the “Parent Company”) is an internally-managed real estate investment trust (“REIT”). Brixmor Operating Partnership LP and subsidiaries (collectively, the “Operating Partnership”) is the entity through which the Parent Company conducts substantially all of its operations and owns substantially all of its assets. The Parent Company owns 100% of the common stock of BPG Subsidiary Inc. (“BPG Sub”), which, in turn, is the sole member of Brixmor OP GP LLC (the “General Partner”), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition, disposition and redevelopment of retail shopping centers through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. The Parent Company, the Operating Partnership and their controlled subsidiaries on a consolidated basis (collectively the “Company” or “Brixmor”) believes it owns and operates one of the largest open air retail portfolios by gross leasable area (“GLA”) in the United States (“U.S.”), comprised primarily of community and neighborhood shopping centers. As of September 30, 2018, the Company’s portfolio was comprised of 445 shopping centers (the “Portfolio”) totaling approximately 77 million square feet of gross leasable area. The Company’s high quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas, and our shopping centers are primarily anchored by non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company has a single reportable segment for disclosure purposes in accordance with U.S. generally accepted accounting principles (“GAAP”). Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the unaudited Condensed Consolidated Financial Statements for the periods presented have been included. The operating results for the periods presented are not necessarily indicative of the results that may be expected for a full fiscal year. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2017 and accompanying notes included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2018. Certain prior period balances in the accompanying unaudited Condensed Consolidated Statements of Cash Flows have been reclassified to conform to the current period presentation for the adoption of Accounting Standards Update (“ASU”) 2016-15, “ Statement of Cash Flows (Topic 230). ” Additionally, certain prior period balances in the accompanying unaudited Condensed Consolidated Statements of Changes in Equity and Capital have been included to conform to the current period presentation for the updates made under SEC Regulation S-X, Rule 3-04, which upon effectiveness in November 2018, will require interim reporting of changes in equity for all periods presented. Principles of Consolidation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries and all other entities in which they have a controlling financial interest. The portions of consolidated entities not owned by the Parent Company and the Operating Partnership are presented as non-controlling interests as of and during the periods presented. All intercompany transactions have been eliminated. Income Taxes The Parent Company has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, the Parent Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. It is management’s intention to adhere to these requirements and maintain the Parent Company’s REIT status. As a REIT, the Parent Company generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. The Parent Company conducts substantially all of its operations through the Operating Partnership which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes on the Company’s taxable income do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates (including any applicable alternative minimum tax for tax years beginning before December 31, 2017) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income. The Parent Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”), and the Parent Company may in the future elect to treat newly formed and/or existing subsidiaries as TRSs. A TRS may participate in non-real estate-related activities and/or perform non-customary services for tenants and is subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes. Income taxes related to the Parent Company’s TRSs do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s unaudited Condensed Consolidated Financial Statements as of September 30, 2018 and December 31, 2017. Open tax years generally range from 2014 through 2017, but may vary by jurisdiction and issue. New Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-13, “ Fair Value Measurement (Topic 820) .” ASU 2018-13 amends certain disclosure requirements regarding the fair value hierarchy of investments in accordance with GAAP, particularly the significant unobservable inputs used to value investments within Level 3 of the fair value hierarchy. The standard is effective on January 1, 2020, with early adoption permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In August 2017, the FASB issued ASU 2017-12, “ Derivatives and Hedging (Topic 815) .” ASU 2017-12 amends guidance to more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. ASU 2017-12 was early adopted by the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In May 2017, the FASB issued ASU 2017-09, “ Compensation - Stock Compensation (Topic 718) .” ASU 2017-09 clarifies guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The standard became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2017, the FASB issued ASU 2017-05, “ Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20).” ASU 2017-05 focuses on recognizing gains and losses from the transfer of nonfinancial assets with noncustomers. It provides guidance as to the definition of an “in substance nonfinancial asset,” and provides guidance for sales of real estate, including partial sales. The standard became effective for the Company on January 1, 2018 in conjunction with ASU 2014-09 and the Company applied the same transition method as ASU 2014-09. The Company did not record any cumulative adjustment in connection with the adoption of the new pronouncement. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230). ” ASU 2016-15 provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842). ” ASU 2016-02 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to recognize a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The pronouncement requires a modified retrospective method of adoption and is effective on January 1, 2019, with early adoption permitted. The Company will continue to evaluate the effect the adoption of ASU 2016-02 will have on the unaudited Condensed Consolidated Financial Statements of the Company. However, the Company currently believes that the adoption of ASU 2016-02 will not have a material impact for operating leases where it is a lessor and will continue to record revenues from rental properties for its operating leases on a straight-line basis. However, for leases where the Company is a lessee, primarily for the Company’s ground leases and administrative office leases, the Company will be required to record a lease liability and a right of use asset on its unaudited Condensed Consolidated Balance Sheets at fair value upon adoption. In addition, direct internal leasing overhead costs will continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized will be expensed under ASU 2016-02. In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606). ” ASU 2014-09 contains a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance in ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets unless those contracts are within the scope of other standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The pronouncement allows either a full or modified retrospective method of adoption. The standard became effective for the Company on January 1, 2018 and the Company elected the modified retrospective approach of adoption, which requires a cumulative adjustment as of the date of the adoption, if applicable. The Company did not record any such cumulative adjustment in connection with the adoption of the new pronouncement. Substantially all of the Company’s tenant-related revenue is recognized pursuant to lease agreements and is out of the scope of ASU 2014-09 and falls instead under ASU 2016-02, which is discussed above and will not be effective until January 1, 2019. As a result, the Company determined that ASU 2014-09 did not have a material impact on the process for, timing of, and presentation and disclosure of revenue recognition from contracts with tenants and other customers. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they either are not relevant to the Company, or they are not expected to have a material effect on the unaudited Condensed Consolidated Financial Statements of the Company.

Acquisition of Real Estate

Acquisition of Real Estate	9 Months Ended
	Sep. 30, 2018
Real Estate [Abstract]
Acquisition of Real Estate	Acquisition of Real Estate During the nine months ended September 30, 2018, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land adjacent to Arborland Center Ann Arbor, MI Jun-18 N/A $ 5,554 Outparcel adjacent to Lehigh Shopping Center Bethlehem, PA Jun-18 12,739 1,899 Outparcel building adjacent to Beneva Village Shoppes Sarasota, FL Jul-18 3,710 1,541 16,449 $ 8,994 (1) No debt was assumed related to any of the listed acquisitions. (2) Includes transaction costs During the nine months ended September 30, 2017, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Outparcel building adjacent to Annex of Arlington Arlington Heights, IL Feb-17 5,760 $ 1,006 Outparcel adjacent to Northeast Plaza Atlanta, GA Feb-17 N/A 1,537 Arborland Center Ann Arbor, MI Mar-17 403,536 102,268 Building adjacent to Preston Park Plano, TX Apr-17 31,080 4,015 Outparcel building adjacent to Cobblestone Village St. Augustine, FL May-17 4,403 1,306 Outparcel adjacent to Wynnewood Village Dallas, TX May-17 N/A 1,658 444,779 $ 111,790 (1) No debt was assumed related to any of the listed acquisitions. (2) Includes transaction costs The aggregate purchase price of the assets acquired during the nine months ended September 30, 2018 and 2017, respectively, has been allocated as follows: Nine Months Ended September 30, Assets 2018 2017 Land $ 6,078 $ 19,240 Buildings 2,448 75,286 Building and tenant improvements 238 9,177 Above-market leases (1) — 2,381 In-place leases (2) 304 8,608 Total assets 9,068 114,692 Liabilities Below-market leases (3) 74 2,902 Other liabilities — — Total liabilities 74 2,902 Net assets acquired $ 8,994 $ 111,790 (1) The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the nine months ended September 30, 2017 was 5.0 years. (2) The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the nine months ended September 30, 2018 and 2017 was 4.8 years and 6.6 years, respectively. (3) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the nine months ended September 30, 2018 and 2017 was 4.8 years and 16.7 years, respectively. During the three and nine months ended September 30, 2018, the Company incurred the following transaction costs: Three Months Ended September 30, Nine Months Ended September 30, Transaction Costs 2018 2017 2018 2017 Capitalized (1) $ 41 $ — $ 173 $ 372 Expensed (2) 95 204 294 204 Total transaction costs $ 136 $ 204 $ 467 $ 576 (1) These amounts are included in Real estate, net on the Company’s unaudited Condensed Consolidated Balance Sheets. (2) These amounts are included in Other on the Company’s unaudited Condensed Consolidated Statements of Operations.

Dispositions and Assets Held fo

Dispositions and Assets Held for Sale	9 Months Ended
	Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Dispositions and Assets Held for Sale	Dispositions and Assets Held for Sale During the three months ended September 30, 2018, the Company disposed of 26 shopping centers and two partial shopping centers for aggregate net proceeds of $437.4 million resulting in an aggregate gain of $119.3 million and aggregate impairment of $4.2 million . During the nine months ended September 30, 2018, the Company disposed of 42 shopping centers and two partial shopping centers for aggregate net proceeds of $676.5 million resulting in an aggregate gain of $158.5 million and aggregate impairment of $28.4 million . In addition, during the nine months ended September 30, 2018, the Company received net proceeds of $0.5 million from previously disposed assets resulting in a gain of $0.5 million . During the three months ended September 30, 2017, the Company disposed of eight wholly owned shopping centers for aggregate net proceeds of $121.4 million resulting in an aggregate gain of $25.9 million and aggregate impairment of $0.4 million . During the nine months ended September 30, 2017, the Company disposed of 14 wholly owned shopping centers and two outparcel buildings for aggregate net proceeds of $228.7 million resulting in an aggregate gain of $54.9 million and aggregate impairment of $0.4 million . During the three and nine months ended September 30, 2017, the Company disposed of its unconsolidated joint venture interest for net proceeds of $12.4 million resulting in a gain of $4.6 million . As of September 30, 2018 and December 31, 2017, the Company had six properties and one property held for sale, respectively. The following table presents the assets and liabilities associated with the properties classified as held for sale: Assets September 30, 2018 December 31, 2017 Land $ 23,092 $ 3,220 Buildings and improvements 77,995 30,758 Accumulated depreciation and amortization (22,232 ) (7,464 ) Real estate, net 78,855 26,514 Other assets 1,471 567 Assets associated with properties held for sale (1) $ 80,326 $ 27,081 Liabilities Other liabilities $ 3,233 $ 33 Liabilities associated with properties held for sale (2) $ 3,233 $ 33 (1) These amounts are included in Other assets on the Company's unaudited Condensed Consolidated Balance Sheets. (2) These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company's unaudited Condensed Consolidated Balance Sheets. There were no discontinued operations for the three and nine months ended September 30, 2018 and 2017 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations.

Real Estate

Real Estate	9 Months Ended
	Sep. 30, 2018
Real Estate [Abstract]
Real Estate	Real Estate The Company’s components of Real estate, net consisted of the following: September 30, 2018 December 31, 2017 Land $ 1,845,114 $ 1,984,309 Buildings and improvements: Buildings and tenant improvements (1) 7,712,739 8,145,085 Lease intangibles (2) 697,118 792,097 10,254,971 10,921,491 Accumulated depreciation and amortization (3) (2,358,782 ) (2,361,070 ) Total $ 7,896,189 $ 8,560,421 (1) As of September 30, 2018 and December 31, 2017, Buildings and tenant improvements included accrued amounts of $ 34.8 million and $ 22.8 million , respectively, related to construction in progress, net of any anticipated insurance proceeds. (2) As of September 30, 2018 and December 31, 2017, Lease intangibles consisted of $628.9 million and $715.1 million , respectively, of in-place leases and $68.2 million and $77.0 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) As of September 30, 2018 and December 31, 2017, Accumulated depreciation and amortization included $579.5 million and $629.1 million , respectively, of accumulated amortization related to Lease intangibles. In addition, as of September 30, 2018 and December 31, 2017, the Company had intangible liabilities relating to below-market leases of $408.8 million and $463.3 million , respectively, and accumulated accretion of $271.6 million and $281.5 million , respectively. These intangible liabilities are included in Accounts payable, accrued expenses and other liabilities in the Company’s unaudited Condensed Consolidated Balance Sheets. These intangible assets are accreted over the term of each related lease. Below-market lease accretion income, net of above-market lease amortization expense for the three months ended September 30, 2018 and 2017 was $5.8 million and $7.6 million , respectively. Below-market lease accretion income, net of above-market lease amortization expense for the nine months ended September 30, 2018 and 2017 was $20.6 million and $23.0 million , respectively. These amounts are included in Rental income in the Company’s unaudited Condensed Consolidated Statements of Operations. Amortization expense associated with in-place lease value for the three months ended September 30, 2018 and 2017 was $8.0 million and $10.8 million , respectively. Amortization expense associated with in-place lease value for the nine months ended September 30, 2018 and 2017 was $27.2 million and $36.3 million , respectively. These amounts are included in Depreciation and amortization in the Company’s unaudited Condensed Consolidated Statements of Operations. The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense for the next five years are as follows: Year ending December 31, Below-market lease accretion (income), net of above-market lease amortization In-place lease amortization expense 2018 (remaining three months) $ (5,243 ) $ 7,280 2019 (18,907 ) 24,872 2020 (15,357 ) 18,294 2021 (12,524 ) 13,023 2022 (10,343 ) 9,599

Impairments

Impairments	9 Months Ended
	Sep. 30, 2018
Impairment of Real Estate [Abstract]
Impairments	Impairments On a periodic basis, management assesses whether there are any indicators, including changes in property operating performance, anticipated holding period and/or general market conditions, that the value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If management determines that the carrying value of a real estate asset is impaired, a loss is recognized for the excess of its carrying amount over its fair value. The Company recognized the following impairments during the three months ended September 30, 2018: Three Months Ended September 30, 2018 Property Name (1) Location GLA Impairment Charge Westview Center Hanover Park, IL 321,382 $ 5,916 Wadsworth Crossings Wadsworth, OH 118,145 3,411 Brooksville Square (2) Brooksville, FL 96,361 2,740 Sterling Bazaar Peoria, IL 87,359 1,531 Plantation Plaza Clute, TX 99,141 1,228 Smith’s (2) Socorro, NM 48,000 1,200 Shops of Riverdale (2) Riverdale, GA 16,808 155 Dover Park Plaza (2) Yardville, NJ 56,638 117 Klein Square Spring, TX 80,636 49 Parcel at Elk Grove Town Center (2) Elk Grove Village, IL 72,385 19 Mount Carmel Plaza (2) Glenside, PA 14,504 6 1,011,359 $ 16,372 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the three months ended September 30, 2018. The Company recognized the following impairments during the nine months ended September 30, 2018: Nine Months Ended September 30, 2018 Property Name (1) Location GLA Impairment Charge County Line Plaza (2) Jackson, MS 221,127 $ 10,181 Southland Shopping Plaza (2) Toledo, OH 285,278 7,077 Westview Center Hanover Park, IL 321,382 5,916 Roundtree Place (2) Ypsilanti, MI 246,620 4,317 Skyway Plaza St. Petersburg, FL 110,799 3,639 Wadsworth Crossings Wadsworth, OH 118,145 3,411 Brooksville Square (2) Brooksville, FL 96,361 2,740 Sterling Bazaar Peoria, IL 87,359 1,531 Pensacola Square (2) Pensacola, FL 142,767 1,345 Plantation Plaza Clute, TX 99,141 1,228 Smith’s (2) Socorro, NM 48,000 1,200 Dover Park Plaza (2) Yardville, NJ 56,638 555 Parcel at Elk Grove Town Center (2) Elk Grove Village, IL 72,385 538 Crossroads Centre (2) Fairview Heights, IL 242,752 204 Shops of Riverdale (2) Riverdale, GA 16,808 155 Mount Carmel Plaza (2) Glenside, PA 14,504 115 Klein Square Spring, TX 80,636 49 2,260,702 $ 44,201 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the nine months ended September 30, 2018. The Company recognized the following impairments during the three months ended September 30, 2017: Three Months Ended September 30, 2017 Property Name (1) Location GLA Impairment Charge Lexington Road Plaza (2) Versailles, KY 197,668 $ 6,393 Fashion Square (3) Orange Park, FL 36,029 2,125 Shops at Seneca Mall (2) Liverpool, NY 231,024 1,507 Remount Village Shopping Center (2) North Charleston, SC 60,238 599 The Shoppes at North Ridgeville (2) North Ridgeville, OH 59,852 389 Renaissance Center East (2) Las Vegas, NV 144,216 52 729,027 $ 11,065 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2017. (3) The Company disposed of this property during the nine months ended September 30, 2018. The Company recognized the following impairments during the nine months ended September 30, 2017: Nine Months Ended September 30, 2017 Property Name (1) Location GLA Impairment Charge The Manchester Collection Manchester, CT 342,247 $ 9,026 Lexington Road Plaza (2) Versailles, KY 197,668 6,393 The Plaza at Salmon Run Watertown, NY 68,761 3,486 Smith’s (3) Socorro, NM 48,000 2,200 Fashion Square (3) Orange Park, FL 36,029 2,125 Renaissance Center East (2) Las Vegas, NV 144,216 1,658 Shops at Seneca Mall (2) Liverpool, NY 231,024 1,507 Remount Village Shopping Center (2) North Charleston, SC 60,238 599 The Shoppes at North Ridgeville (2) North Ridgeville, OH 59,852 389 1,188,035 $ 27,383 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2017. (3) The Company disposed of this property during the nine months ended September 30, 2018. The Company can provide no assurance that material impairment charges with respect to its Portfolio will not occur in future periods. See Note 3 for additional information regarding impairment charges taken in connection with the Company’s dispositions. See Note 8 for additional information regarding the fair value of operating properties which have been impaired.

Financial Instruments - Derivat

Financial Instruments - Derivatives and Hedging	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments - Derivatives and Hedging	Financial Instruments – Derivatives and Hedging The Company’s use of derivative instruments is limited to the utilization of interest rate agreements or other instruments to manage interest rate risk exposures and not for speculative purposes. In certain situations, the Company may enter into derivative financial instruments such as interest rate swap and interest rate cap agreements that result in the receipt and/or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s objective in using interest rate derivatives is to add stability to interest expense and to manage its exposure to interest rate movements. Cash Flow Hedges of Interest Rate Risk Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchanging the underlying notional amount. The Company utilizes interest rate swaps to partially hedge the cash flows associated with variable LIBOR based interest rate debt. During the three and nine months ended September 30, 2018, the Company did not enter into any new interest rate swap agreements. Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of September 30, 2018 and December 31, 2017 is as follows: Number of Instruments Notional Amount September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Interest Rate Swaps 6 9 $ 900,000 $ 1,400,000 The Company has elected to present its interest rate derivatives on its unaudited Condensed Consolidated Balance Sheets on a gross basis as interest rate swap assets and interest rate swap liabilities. Detail on the Company’s fair value of interest rate derivatives on a gross and net basis as of September 30, 2018 and December 31, 2017, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: September 30, 2018 December 31, 2017 Gross derivative assets $ 27,370 $ 24,420 Gross derivative liabilities — — Net derivative assets $ 27,370 $ 24,420 The gross derivative assets are included in Other assets and the gross derivative liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets. All of the Company’s outstanding interest rate swap agreements for the periods presented were designated as cash flow hedges of interest rate risk. The fair value of the Company’s interest rate derivatives is determined using market standard valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. These inputs are classified as Level 2 of the fair value hierarchy. The effective portion of changes in the fair value of derivatives designated as cash flow hedges is recognized in other comprehensive income (“OCI”) and is reclassified into earnings as interest expense in the period that the hedged forecasted transaction affects earnings. The effective portion of the Company’s interest rate swaps that was recognized in the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2018 and 2017 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Change in unrealized gain (loss) on interest rate swaps $ 1,868 $ 132 $ 12,103 $ (532 ) Accretion of interest rate swaps to interest expense (3,110 ) (1,094 ) (9,153 ) (902 ) Change in unrealized gain (loss) on interest rate swaps, net $ (1,242 ) $ (962 ) $ 2,950 $ (1,434 ) The Company estimates that $10.5 million will be reclassified from accumulated other comprehensive income as a decrease to interest expense over the next twelve months. No gain or loss was recognized related to hedge ineffectiveness or to amounts excluded from effectiveness testing on the Company’s cash flow hedges during the three and nine months ended September 30, 2018 and 2017. Non-Designated (Mark-to Market) Hedges of Interest Rate Risk The Company does not use derivatives for trading or speculative purposes. As of September 30, 2018 and December 31, 2017, the Company did not have any non-designated hedges. Credit-risk-related Contingent Features The Company has agreements with its derivative counterparties that contain a provision whereby if the Company defaults on certain of its indebtedness and the indebtedness has been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. If the Company were to breach any of the contractual provisions of the derivative contracts, it would be required to settle its obligations under the agreements at their termination value including accrued interest.

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations As of September 30, 2018 and December 31, 2017, the Company had the following indebtedness outstanding: Carrying Value as of September 30, 2018 December 31, Stated Interest Rate (1) Scheduled Maturity Date Secured loans Secured loans (2)(3) $ 384,409 $ 902,717 4.40% – 6.24% 2020 – 2024 Net unamortized premium 3,395 15,321 Net unamortized debt issuance costs (54 ) (93 ) Total secured loans, net 387,750 917,945 Notes payable Unsecured notes (4) 3,468,453 3,218,453 3.25% – 7.97% 2022 – 2029 Net unamortized discount (12,043 ) (13,485 ) Net unamortized debt issuance costs (21,815 ) (22,476 ) Total notes payable, net 3,434,595 3,182,492 Unsecured Credit Facility and term loans Unsecured $600 Million Term Loan (5) 350,000 600,000 3.53% 2019 Unsecured Credit Facility (6) 641,000 685,000 3.45% – 3.48% 2020 – 2021 Unsecured $300 Million Term Loan (7) 300,000 300,000 4.00% 2024 Net unamortized debt issuance costs (6,637 ) (9,199 ) Total Unsecured Credit Facility and term loans 1,284,363 1,575,801 Total debt obligations, net $ 5,106,708 $ 5,676,238 (1) The stated interest rates are as of September 30, 2018 and do not include the impact of the Company’s interest rate swap agreements (described below). (2) The Company’s secured loans are collateralized by certain properties and the equity interests of certain subsidiaries. These properties had a carrying value as of September 30, 2018 of approximately $587.0 million . (3) The weighted average stated interest rate on the Company’s secured loans was 6.05% as of September 30, 2018. (4) The weighted average stated interest rate on the Company’s unsecured notes was 3.77% as of September 30, 2018. (5) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on $350.0 million of the Company’s $600 million term loan agreement, as amended July 25, 2016, (the “$600 Million Term Loan”) to a fixed, combined interest rate of 0.88% (plus a spread of 140 bps) through March 18, 2019. (6) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on a $500.0 million term loan under the Company’s senior unsecured credit facility agreement, as amended July 25, 2016, (the “Unsecured Credit Facility”) to a fixed, combined interest rate of 1.11% (plus a spread of 135 bps) through July 30, 2021. (7) Effective July 28, 2017, the Company has in place one interest rate swap agreement that converts the variable interest rate on $50.0 million of the Company’s $300 million term loan agreement, as entered into July 28, 2017, (the “$300 Million Term Loan”) to a fixed, combined interest rate of 0.88% (plus a spread of 190 bps) through March 18, 2019. 2018 Debt Transactions In August 2018, the Operating Partnership issued $250.0 million aggregate principal amount of Floating Rate Senior Notes due 2022 (the “2022 Notes”), the net proceeds of which were used to repay a portion of the Company’s $600 Million Term Loan maturing March 18, 2019. The 2022 Notes bear interest at a rate of three-month U.S. Dollar LIBOR, reset quarterly, plus 105 basis points, payable quarterly in arrears on February 1, May 1, August 1 and November 1 of each year, commencing November 1, 2018. The 2022 Notes will mature on February 1, 2022. The 2022 Notes are the Operating Partnership’s unsecured and unsubordinated obligations and rank equally in right of payment with all of the Operating Partnership’s existing and future senior unsecured and unsubordinated indebtedness. The Operating Partnership may not redeem the 2022 Notes prior to the maturity date. During the nine months ended September 30, 2018, the Company repaid $435.0 million of unsecured term loans and $505.5 million of secured loans. These repayments were funded primarily with disposition proceeds, proceeds from the issuance of the 2022 Notes, and $141.0 million of borrowings under the Company’s unsecured revolving credit facility, net of repayments. Additionally, during the nine months ended September 30, 2018, the Company recognized a $20.2 million loss on extinguishment of debt, net as a result of debt transactions. Loss on extinguishment of debt, net includes $27.6 million of prepayment costs, partially offset by $7.4 million of accelerated unamortized debt premiums, net of discounts and debt issuance costs. Prepayment costs include $5.0 million of legal defeasance fees related to a secured loan with a principal balance of $93.3 million . Pursuant to the terms of the Company’s unsecured debt agreements, the Company among other things is subject to maintenance of various financial covenants. The Company was in compliance with these covenants as of September 30, 2018. Debt Maturities As of September 30, 2018 and December 31, 2017, the Company had accrued interest of $26.4 million and $35.9 million outstanding, respectively. As of September 30, 2018, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2018 (remaining three months) $ 1,877 2019 357,738 2020 322,569 2021 686,225 2022 750,000 Thereafter 3,025,453 Total debt maturities 5,143,862 Net unamortized discount (8,648 ) Net unamortized debt issuance costs (28,506 ) Total debt obligations, net $ 5,106,708

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures All financial instruments of the Company are reflected in the accompanying unaudited Condensed Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below: September 30, 2018 December 31, 2017 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans $ 387,750 $ 398,423 $ 917,945 $ 963,702 Notes payable 3,434,595 3,366,004 3,182,492 3,224,877 Unsecured Credit Facility and term loans 1,284,363 1,291,792 1,575,801 1,586,206 Total debt obligations, net $ 5,106,708 $ 5,056,219 $ 5,676,238 $ 5,774,785 As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy is included in GAAP that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs that are classified within Level 3 of the hierarchy). In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation methodology used to estimate the fair value of the Company’s debt obligations is based on a discounted cash flow analysis, with assumptions that include credit spreads, interest rate curves, estimated property values, loan amounts and maturity dates. Based on these inputs, the Company has determined that the valuations of its debt obligations are classified within Level 3 of the fair value hierarchy. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition. Recurring Fair Value The Company’s marketable securities and interest rate derivatives are measured and recognized at fair value on a recurring basis. The valuations of the Company’s marketable securities are based primarily on publicly traded market values in active markets and are classified within Level 1 or 2 of the fair value hierarchy. See Note 6 for fair value information regarding the Company’s interest rate derivatives. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis: Fair Value Measurements as of September 30, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 30,725 $ 1,777 $ 28,948 $ — Interest rate derivatives $ 27,370 $ — $ 27,370 $ — Fair Value Measurements as of December 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 28,006 $ 725 $ 27,281 $ — Interest rate derivatives $ 24,420 $ — $ 24,420 $ — (1) As of September 30, 2018 and December 31, 2017, marketable securities included $0.2 million of net unrealized losses. As of September 30, 2018, the contractual maturities of the Company’s marketable securities are within the next five years. Non-Recurring Fair Value On a non-recurring basis, the Company evaluates the carrying value of its properties when events or changes in circumstances indicate that the carrying value may not be recoverable. Fair value is determined by purchase price offers, market comparable data, third party appraisals or by discounted cash flow analysis. The cash flows utilized in such analyses are comprised of unobservable inputs which include forecasted rental revenue and expenses based upon market conditions and future expectations. Capitalization rates and discount rates utilized in these models are based upon unobservable rates that we believe to be within a reasonable range of current market rates for the respective properties. Based on these inputs, the Company has determined that the valuations of these properties are classified within Level 3 of the fair value hierarchy. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a non-recurring basis. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the nine months ended September 30, 2018 and during the year ended December 31, 2017, excluding the properties sold prior to September 30, 2018 and December 31, 2017, respectively: Fair Value Measurements as of September 30, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of Real Estate Assets Assets: Properties (1)(2)(3) $ 59,591 $ — $ — $ 59,591 $ 15,774 Fair Value Measurements as of December 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of Real Estate Assets Assets: Properties (4)(5)(6) $ 73,303 $ — $ — $ 73,303 $ 17,195 (1) Excludes properties disposed of prior to September 30, 2018. (2) The carrying value of properties remeasured to fair value based upon offers from third party buyers during the nine months ended September 30, 2018 includes: (i) $26.1 million related to Westview Center, (ii) $15.6 million related to Wadsworth Crossings, (iii) $6.8 million related to Klein Square, (iv) $4.7 million related to Sterling Bazaar, and (v) $3.5 million related to Plantation Plaza. (3) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the nine months ended September 30, 2018 includes $2.9 million related to Skyway Plaza. The capitalization rate of 9.3% and discount rate of 10.4% which were utilized in the discounted cash flow analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the investment. (4) Excludes properties disposed of prior to December 31, 2017. (5) The carrying value of properties remeasured to fair value based upon offers from third party buyers during the year ended December 31, 2017 includes: (i) $46.9 million related to The Manchester Collection, (ii) $2.4 million related to Fashion Square, and (iii) $14.3 million related to Crossroads Centre. (6) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the year ended December 31, 2017 includes: (i) $7.8 million related to The Plaza at Salmon Run and (ii) $1.9 million related to Smith’s. The capitalization rates (ranging from 7.0% to 8.5% ) and discount rates (ranging from 7.9% to 9.5% ) which were utilized in the discounted cash flow analyses were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment.

Equity and Capital

Equity and Capital	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Equity and Capital	Equity and Capital Share Repurchase Program In December 2017, the Board of Directors authorized a share repurchase program for up to $400.0 million of the Company’s common stock. The program is scheduled to expire on December 5, 2019, unless extended by the Board of Directors. During the nine months ended September 30, 2018, the Company repurchased 4.9 million shares of common stock under the program at an average price per share of $16.71 for a total of $81.9 million , excluding commissions. The Company incurred commissions of $0.1 million in conjunction with the program for the nine months ended September 30, 2018. Common Stock In connection with the vesting of restricted stock units (“RSUs”) under the Company’s equity-based compensation plan, the Company withholds shares to satisfy statutory minimum tax withholding obligations. During the nine months ended September 30, 2018 and 2017, the Company withheld 0.1 million shares. Dividends and Distributions During the three months ended September 30, 2018 and 2017, the Company declared common stock dividends and OP Unit distributions of $0.275 per share/unit and $0.260 per share/unit, respectively. As of September 30, 2018 and December 31, 2017, the Company had declared but unpaid common stock dividends and OP Unit distributions of $84.6 million and $85.6 million , respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets. Non-controlling interests As of September 30, 2018, the Parent Company beneficially owned, through its direct and indirect interest in BPG Sub and the General Partner, 100.0% of the outstanding OP Units. During the nine months ended September 30, 2017, the Company exchanged 0.4 million shares of the Company’s common stock for an equal number of outstanding OP Units held by certain members of the Parent Company’s current and former management.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	Stock Based Compensation During the year ended December 31, 2013, the Board of Directors approved the 2013 Omnibus Incentive Plan (the “Plan”). The Plan provides for a maximum of 15.0 million shares of the Company’s common stock to be issued for qualified and non-qualified options, stock appreciation rights, restricted stock and RSUs, OP Units, performance awards and other stock-based awards. During the nine months ended September 30, 2018 and the year ended December 31, 2017, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based or market-based vesting conditions, which contain a threshold, target, and maximum number of units which can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming that the target level of performance is achieved, was 0.8 million and 0.6 million for the nine months ended September 30, 2018 and year ended December 31, 2017, respectively, with vesting periods ranging from one to five years. For the performance-based and service-based RSUs granted under the Plan, fair value is based on the Company grant date stock price. For the market-based RSUs granted during the nine months ended September 30, 2018 and year ended December 31, 2017, the Company calculated the grant date fair values per unit using a Monte Carlo simulation based on the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE NAREIT Equity Shopping Centers Index as well as the following significant assumptions: (i) volatility of 29.0% to 32.0% and 22.0% to 23.0% , respectively; (ii) a weighted average risk-free interest rate of 2.43% to 2.53% and 1.20% to 1.41% , respectively; and (iii) the Company’s weighted average common stock dividend yield of 5.6% and 4.0% to 4.6% , respectively. During the three months ended September 30, 2018 and 2017, the Company recognized $2.7 million and $2.9 million of equity compensation expense, respectively. During the nine months ended September 30, 2018 and 2017, the Company recognized $8.0 million and $7.8 million of equity compensation expense, respectively. These amounts are included in General and administrative expense in the Company’s unaudited Condensed Consolidated Statements of Operations. As of September 30, 2018, the Company had $14.7 million of total unrecognized compensation expense related to unvested stock compensation expected to be recognized over a weighted average period of approximately 2.2 years.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such stockholders have rights to receive non-forfeitable dividends. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Company’s common stock. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2018 and 2017 (dollars in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Computation of Basic Earnings Per Share: Net income $ 147,346 $ 83,380 $ 288,730 $ 230,473 Net income attributable to non-controlling interests — — — (76 ) Non-forfeitable dividends on unvested restricted shares (162 ) (10 ) (264 ) (31 ) Preferred stock dividends — — — (39 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,327 Weighted average number shares outstanding – basic 302,170 304,936 303,031 304,810 Basic earnings per share attributable to the Company’s common stockholders: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.76 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,327 Allocation of net income to dilutive convertible non-controlling interests — — — 76 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,403 Weighted average shares outstanding – basic 302,170 304,936 303,031 304,810 Effect of dilutive securities: Conversion of OP Units — — — 104 Equity awards 212 240 182 261 Weighted average shares outstanding – diluted 302,382 305,176 303,213 305,175 Diluted earnings per share attributable to the Company’s common stockholders: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.75

Earnings per Unit

Earnings per Unit	9 Months Ended
	Sep. 30, 2018
Schedule of Earnings per Share [Line Items]
Earnings per Unit	Earnings per Share Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such stockholders have rights to receive non-forfeitable dividends. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Company’s common stock. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2018 and 2017 (dollars in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Computation of Basic Earnings Per Share: Net income $ 147,346 $ 83,380 $ 288,730 $ 230,473 Net income attributable to non-controlling interests — — — (76 ) Non-forfeitable dividends on unvested restricted shares (162 ) (10 ) (264 ) (31 ) Preferred stock dividends — — — (39 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,327 Weighted average number shares outstanding – basic 302,170 304,936 303,031 304,810 Basic earnings per share attributable to the Company’s common stockholders: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.76 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,327 Allocation of net income to dilutive convertible non-controlling interests — — — 76 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,403 Weighted average shares outstanding – basic 302,170 304,936 303,031 304,810 Effect of dilutive securities: Conversion of OP Units — — — 104 Equity awards 212 240 182 261 Weighted average shares outstanding – diluted 302,382 305,176 303,213 305,175 Diluted earnings per share attributable to the Company’s common stockholders: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.75
Brixmor Operating Partnership LP
Schedule of Earnings per Share [Line Items]
Earnings per Unit	Earnings per Unit Basic earnings per unit is calculated by dividing net income attributable to the Operating Partnership’s common unitholders, including any participating securities, by the weighted average number of partnership common units outstanding for the period. Certain restricted units issued pursuant to the Company’s share-based compensation program are considered participating securities, as such unitholders have rights to receive non-forfeitable dividends. Fully-diluted earnings per unit reflects the potential dilution that could occur if securities or other contracts to issue common units were exercised or converted into common units. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Operating Partnership’s common units. The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three and nine months ended September 30, 2018 and 2017 (dollars in thousands, except per unit data): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 147,346 $ 83,380 $ 288,730 $ 230,473 Non-forfeitable dividends on unvested restricted units (162 ) (10 ) (264 ) (31 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 147,184 $ 83,370 $ 288,466 $ 230,442 Weighted average number common units outstanding – basic 302,170 304,936 303,031 304,914 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.76 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 147,184 $ 83,370 $ 288,466 $ 230,442 Weighted average common units outstanding – basic 302,170 304,936 303,031 304,914 Effect of dilutive securities: Equity awards 212 240 182 261 Weighted average common units outstanding – diluted 302,382 305,176 303,213 305,175 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.76

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Except as described below, the Company is not presently involved in any material litigation arising outside the ordinary course of business. However, the Company is involved in routine litigation arising in the ordinary course of business, none of which the Company believes, individually or in the aggregate, taking into account existing reserves, will have a material impact on the Company’s results of operations, cash flows, or financial position. On February 8, 2016, the Company issued a press release and filed a Form 8-K reporting the completion of a review by the Audit Committee of the Company’s Board of Directors that began after the Company received information in late December 2015 through its established compliance processes. The Audit Committee review led the Board of Directors to conclude that specific Company accounting and financial reporting personnel, in certain instances, were smoothing income items, both up and down, between reporting periods in an effort to achieve consistent quarterly same property net operating income growth. As a result of the Audit Committee review and the conclusions reached by the Board of Directors, the Company’s Chief Executive Officer, its President and Chief Financial Officer, its Chief Accounting Officer and Treasurer, and an accounting employee all resigned. Following these resignations the Company appointed a new Interim Chief Executive Officer and President, Interim Chief Financial Officer and Interim Chief Accounting Officer. A new Chief Executive Officer and Chief Financial Officer were appointed effective May 20, 2016. A new Chief Accounting Officer was appointed effective March 8, 2017. Prior to the Company’s February 8, 2016 announcement, the Company voluntarily reported these matters to the SEC. As a result, the SEC and the United States Attorney’s Office for the Southern District of New York are conducting investigations of certain aspects of the Company’s financial reporting and accounting for prior periods and the Company is cooperating fully. On December 13, 2017, the United States District Court for the Southern District of New York granted final approval of the settlement of the previously disclosed putative securities class action complaint filed in March 2016 by the Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds related to the review conducted by the Audit Committee of the Board of Directors. Pursuant to the approved settlement, without any admission of liability, the Company will pay $28.0 million to settle the claims. This amount is within the coverage amount of the Company’s applicable insurance policies and has been funded into escrow by the insurance carriers. The settlement provides for the release of, among others, the Company, its subsidiaries, and their respective current and former officers, directors and employees from the claims that were or could have been asserted in the class action litigation. During the nine months ended September 30, 2018, $8.5 million of the settlement amount was released from escrow per the court approved settlement agreement for the payment of plaintiff’s legal fees. The remaining settlement balance of $19.5 million remains in escrow pending final class distribution. As of September 30, 2018, the $19.5 million amount is included in Accounts payable, accrued expenses and other liabilities in the Company’s unaudited Condensed Consolidated Balance Sheets. Because the settlement amount is within the coverage amount of the Company’s applicable insurance policies, the Company accrued a receivable of $19.5 million as of September 30, 2018. This amount is included in Accounts receivable, net in the Company’s unaudited Condensed Consolidated Balance Sheets. As previously disclosed, certain institutional investors elected to opt out of the class action settlement and accordingly were not bound by the release and will not receive any of the class action settlement proceeds. On June 20, 2018, the Company and the former officers referenced above were named as defendants in a complaint filed by all remaining equity opt out investors in the Supreme Court for the State of New York in New York County. The Complaint, captioned Cohen & Steers Global Realty Shares, Inc., et al v. Brixmor Property Group Inc., et al. (Case No. 653091/2018), was filed on behalf of thirteen commonly managed investment funds that opted out of the federal class action settlement. On October 10, 2018, the Company entered into an agreement to settle these claims for $8.0 million . This amount is within the coverage amount of the Company’s applicable insurance policies. The settlement provides for the release of, among others, the Company, its subsidiaries, and their respective current and former officers, directors and employees from the claims that were or could have been asserted in the opt out lawsuit. Based on current information, the Company accrued $8.0 million as of September 30, 2018 with respect to the settlement. This amount is included in Accounts payable, accrued expenses and other liabilities in the Company's unaudited Condensed Consolidated Balance Sheets. Because the settlement amount is within the coverage amount of the Company’s applicable insurance policies, the Company has accrued a receivable of $8.0 million as of September 30, 2018. This amount is included in Accounts receivable, net in the Company's unaudited Condensed Consolidated Balance Sheets. Leasing commitments The Company periodically enters into ground leases for neighborhood and community shopping centers that it operates and enters into office leases for administrative space. During the three months ended September 30, 2018 and 2017, the Company recognized rent expense associated with these leases of $1.8 million and $1.9 million , respectively. During the nine months ended September 30, 2018 and 2017, the Company recognized rent expense associated with these leases of $5.3 million and $5.6 million , respectively. Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2018 (remaining three months) $ 1,738 2019 6,912 2020 6,925 2021 7,134 2022 7,209 Thereafter 49,573 Total minimum annual rental commitments $ 79,491 Environmental matters Under various federal, state and local laws, ordinances and regulations, the Company may be considered an owner or operator of real property or may have arranged for the disposal or treatment of hazardous or toxic substances. As a result, the Company may be liable for certain costs including removal, remediation, government fines and injuries to persons and property. The Company does not believe that any resulting liability from such matters will have a material impact on the Company’s results of operations, cash flows, or financial position.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions In the ordinary course of conducting its business, the Company enters into agreements with its affiliates in relation to the leasing and management of its real estate assets, including real estate assets owned through joint ventures. As of September 30, 2018 and December 31, 2017, there were no material receivables from or payables to related parties.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing the unaudited Condensed Consolidated Financial Statements, the Company has evaluated events and transactions occurring after September 30, 2018 for recognition and/or disclosure purposes. Based on this evaluation, there were no subsequent events from September 30, 2018 through the date the financial statements were issued with the exception of the following: • In October 2018, the Company entered into a settlement agreement with the remaining equity investors that elected to opt out of the class action lawsuit with respect to a lawsuit filed by such investors in June 2018. See Note 13 for additional information regarding this settlement.

Nature of Business and Financ_2

Nature of Business and Financial Statement Presentation (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Description of Business	Description of Business Brixmor Property Group Inc. and subsidiaries (collectively, the “Parent Company”) is an internally-managed real estate investment trust (“REIT”). Brixmor Operating Partnership LP and subsidiaries (collectively, the “Operating Partnership”) is the entity through which the Parent Company conducts substantially all of its operations and owns substantially all of its assets. The Parent Company owns 100% of the common stock of BPG Subsidiary Inc. (“BPG Sub”), which, in turn, is the sole member of Brixmor OP GP LLC (the “General Partner”), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition, disposition and redevelopment of retail shopping centers through the Operating Partnership, and has no other substantial assets or liabilities other than through its investment in the Operating Partnership. The Parent Company, the Operating Partnership and their controlled subsidiaries on a consolidated basis (collectively the “Company” or “Brixmor”) believes it owns and operates one of the largest open air retail portfolios by gross leasable area (“GLA”) in the United States (“U.S.”), comprised primarily of community and neighborhood shopping centers. As of September 30, 2018, the Company’s portfolio was comprised of 445 shopping centers (the “Portfolio”) totaling approximately 77 million square feet of gross leasable area. The Company’s high quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas, and our shopping centers are primarily anchored by non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company has a single reportable segment for disclosure purposes in accordance with U.S. generally accepted accounting principles (“GAAP”).
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the unaudited Condensed Consolidated Financial Statements for the periods presented have been included. The operating results for the periods presented are not necessarily indicative of the results that may be expected for a full fiscal year. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2017 and accompanying notes included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2018. Certain prior period balances in the accompanying unaudited Condensed Consolidated Statements of Cash Flows have been reclassified to conform to the current period presentation for the adoption of Accounting Standards Update (“ASU”) 2016-15, “ Statement of Cash Flows (Topic 230). ” Additionally, certain prior period balances in the accompanying unaudited Condensed Consolidated Statements of Changes in Equity and Capital have been included to conform to the current period presentation for the updates made under SEC Regulation S-X, Rule 3-04, which upon effectiveness in November 2018, will require interim reporting of changes in equity for all periods presented.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries and all other entities in which they have a controlling financial interest. The portions of consolidated entities not owned by the Parent Company and the Operating Partnership are presented as non-controlling interests as of and during the periods presented. All intercompany transactions have been eliminated.
Income Taxes	Income Taxes The Parent Company has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, the Parent Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. It is management’s intention to adhere to these requirements and maintain the Parent Company’s REIT status. As a REIT, the Parent Company generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. The Parent Company conducts substantially all of its operations through the Operating Partnership which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes on the Company’s taxable income do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates (including any applicable alternative minimum tax for tax years beginning before December 31, 2017) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Company is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income. The Parent Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”), and the Parent Company may in the future elect to treat newly formed and/or existing subsidiaries as TRSs. A TRS may participate in non-real estate-related activities and/or perform non-customary services for tenants and is subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes. Income taxes related to the Parent Company’s TRSs do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s unaudited Condensed Consolidated Financial Statements as of September 30, 2018 and December 31, 2017. Open tax years generally range from 2014 through 2017, but may vary by jurisdiction and issue.
New Accounting Pronouncements	New Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-13, “ Fair Value Measurement (Topic 820) .” ASU 2018-13 amends certain disclosure requirements regarding the fair value hierarchy of investments in accordance with GAAP, particularly the significant unobservable inputs used to value investments within Level 3 of the fair value hierarchy. The standard is effective on January 1, 2020, with early adoption permitted. The Company does not expect the adoption of ASU 2018-13 to have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In August 2017, the FASB issued ASU 2017-12, “ Derivatives and Hedging (Topic 815) .” ASU 2017-12 amends guidance to more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. ASU 2017-12 was early adopted by the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In May 2017, the FASB issued ASU 2017-09, “ Compensation - Stock Compensation (Topic 718) .” ASU 2017-09 clarifies guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The standard became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2017, the FASB issued ASU 2017-05, “ Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20).” ASU 2017-05 focuses on recognizing gains and losses from the transfer of nonfinancial assets with noncustomers. It provides guidance as to the definition of an “in substance nonfinancial asset,” and provides guidance for sales of real estate, including partial sales. The standard became effective for the Company on January 1, 2018 in conjunction with ASU 2014-09 and the Company applied the same transition method as ASU 2014-09. The Company did not record any cumulative adjustment in connection with the adoption of the new pronouncement. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230). ” ASU 2016-15 provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842). ” ASU 2016-02 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to recognize a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The pronouncement requires a modified retrospective method of adoption and is effective on January 1, 2019, with early adoption permitted. The Company will continue to evaluate the effect the adoption of ASU 2016-02 will have on the unaudited Condensed Consolidated Financial Statements of the Company. However, the Company currently believes that the adoption of ASU 2016-02 will not have a material impact for operating leases where it is a lessor and will continue to record revenues from rental properties for its operating leases on a straight-line basis. However, for leases where the Company is a lessee, primarily for the Company’s ground leases and administrative office leases, the Company will be required to record a lease liability and a right of use asset on its unaudited Condensed Consolidated Balance Sheets at fair value upon adoption. In addition, direct internal leasing overhead costs will continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized will be expensed under ASU 2016-02. In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606). ” ASU 2014-09 contains a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance in ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets unless those contracts are within the scope of other standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The pronouncement allows either a full or modified retrospective method of adoption. The standard became effective for the Company on January 1, 2018 and the Company elected the modified retrospective approach of adoption, which requires a cumulative adjustment as of the date of the adoption, if applicable. The Company did not record any such cumulative adjustment in connection with the adoption of the new pronouncement. Substantially all of the Company’s tenant-related revenue is recognized pursuant to lease agreements and is out of the scope of ASU 2014-09 and falls instead under ASU 2016-02, which is discussed above and will not be effective until January 1, 2019. As a result, the Company determined that ASU 2014-09 did not have a material impact on the process for, timing of, and presentation and disclosure of revenue recognition from contracts with tenants and other customers. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they either are not relevant to the Company, or they are not expected to have a material effect on the unaudited Condensed Consolidated Financial Statements of the Company.

Acquisition of Real Estate (Tab

Acquisition of Real Estate (Tables)	9 Months Ended
	Sep. 30, 2018
Real Estate [Abstract]
Schedule of Business Acquisitions, by Acquisition	During the nine months ended September 30, 2018, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land adjacent to Arborland Center Ann Arbor, MI Jun-18 N/A $ 5,554 Outparcel adjacent to Lehigh Shopping Center Bethlehem, PA Jun-18 12,739 1,899 Outparcel building adjacent to Beneva Village Shoppes Sarasota, FL Jul-18 3,710 1,541 16,449 $ 8,994 (1) No debt was assumed related to any of the listed acquisitions. (2) Includes transaction costs During the nine months ended September 30, 2017, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Outparcel building adjacent to Annex of Arlington Arlington Heights, IL Feb-17 5,760 $ 1,006 Outparcel adjacent to Northeast Plaza Atlanta, GA Feb-17 N/A 1,537 Arborland Center Ann Arbor, MI Mar-17 403,536 102,268 Building adjacent to Preston Park Plano, TX Apr-17 31,080 4,015 Outparcel building adjacent to Cobblestone Village St. Augustine, FL May-17 4,403 1,306 Outparcel adjacent to Wynnewood Village Dallas, TX May-17 N/A 1,658 444,779 $ 111,790 (1) No debt was assumed related to any of the listed acquisitions. (2) Includes transaction costs
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The aggregate purchase price of the assets acquired during the nine months ended September 30, 2018 and 2017, respectively, has been allocated as follows: Nine Months Ended September 30, Assets 2018 2017 Land $ 6,078 $ 19,240 Buildings 2,448 75,286 Building and tenant improvements 238 9,177 Above-market leases (1) — 2,381 In-place leases (2) 304 8,608 Total assets 9,068 114,692 Liabilities Below-market leases (3) 74 2,902 Other liabilities — — Total liabilities 74 2,902 Net assets acquired $ 8,994 $ 111,790 (1) The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the nine months ended September 30, 2017 was 5.0 years. (2) The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the nine months ended September 30, 2018 and 2017 was 4.8 years and 6.6 years, respectively. (3) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the nine months ended September 30, 2018 and 2017 was 4.8 years and 16.7 years, respectively.
Schedule of Acquisition Related Costs	During the three and nine months ended September 30, 2018, the Company incurred the following transaction costs: Three Months Ended September 30, Nine Months Ended September 30, Transaction Costs 2018 2017 2018 2017 Capitalized (1) $ 41 $ — $ 173 $ 372 Expensed (2) 95 204 294 204 Total transaction costs $ 136 $ 204 $ 467 $ 576 (1) These amounts are included in Real estate, net on the Company’s unaudited Condensed Consolidated Balance Sheets. (2) These amounts are included in Other on the Company’s unaudited Condensed Consolidated Statements of Operations

Dispositions and Assets Held _2

Dispositions and Assets Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Reclassificationa of Disposal Groups, Including Discontinued Operations	As of September 30, 2018 and December 31, 2017, the Company had six properties and one property held for sale, respectively. The following table presents the assets and liabilities associated with the properties classified as held for sale: Assets September 30, 2018 December 31, 2017 Land $ 23,092 $ 3,220 Buildings and improvements 77,995 30,758 Accumulated depreciation and amortization (22,232 ) (7,464 ) Real estate, net 78,855 26,514 Other assets 1,471 567 Assets associated with properties held for sale (1) $ 80,326 $ 27,081 Liabilities Other liabilities $ 3,233 $ 33 Liabilities associated with properties held for sale (2) $ 3,233 $ 33 (1) These amounts are included in Other assets on the Company's unaudited Condensed Consolidated Balance Sheets. (2) These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company's unaudited Condensed Consolidated Balance Sheets.

Real Estate (Tables)

Real Estate (Tables)	9 Months Ended
	Sep. 30, 2018
Real Estate [Abstract]
Schedule of real estate properties	The Company’s components of Real estate, net consisted of the following: September 30, 2018 December 31, 2017 Land $ 1,845,114 $ 1,984,309 Buildings and improvements: Buildings and tenant improvements (1) 7,712,739 8,145,085 Lease intangibles (2) 697,118 792,097 10,254,971 10,921,491 Accumulated depreciation and amortization (3) (2,358,782 ) (2,361,070 ) Total $ 7,896,189 $ 8,560,421 (1) As of September 30, 2018 and December 31, 2017, Buildings and tenant improvements included accrued amounts of $ 34.8 million and $ 22.8 million , respectively, related to construction in progress, net of any anticipated insurance proceeds. (2) As of September 30, 2018 and December 31, 2017, Lease intangibles consisted of $628.9 million and $715.1 million , respectively, of in-place leases and $68.2 million and $77.0 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) As of September 30, 2018 and December 31, 2017, Accumulated depreciation and amortization included $579.5 million and $629.1 million , respectively, of accumulated amortization related to Lease intangibles.
Schedule of expected net amortization expense associated with intangible assets and liabilities	The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense for the next five years are as follows: Year ending December 31, Below-market lease accretion (income), net of above-market lease amortization In-place lease amortization expense 2018 (remaining three months) $ (5,243 ) $ 7,280 2019 (18,907 ) 24,872 2020 (15,357 ) 18,294 2021 (12,524 ) 13,023 2022 (10,343 ) 9,599

Impairments (Tables)

Impairments (Tables)	9 Months Ended
	Sep. 30, 2018
Impairment of Real Estate [Abstract]
Schedule of Impairments	The Company recognized the following impairments during the three months ended September 30, 2018: Three Months Ended September 30, 2018 Property Name (1) Location GLA Impairment Charge Westview Center Hanover Park, IL 321,382 $ 5,916 Wadsworth Crossings Wadsworth, OH 118,145 3,411 Brooksville Square (2) Brooksville, FL 96,361 2,740 Sterling Bazaar Peoria, IL 87,359 1,531 Plantation Plaza Clute, TX 99,141 1,228 Smith’s (2) Socorro, NM 48,000 1,200 Shops of Riverdale (2) Riverdale, GA 16,808 155 Dover Park Plaza (2) Yardville, NJ 56,638 117 Klein Square Spring, TX 80,636 49 Parcel at Elk Grove Town Center (2) Elk Grove Village, IL 72,385 19 Mount Carmel Plaza (2) Glenside, PA 14,504 6 1,011,359 $ 16,372 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the three months ended September 30, 2018. The Company recognized the following impairments during the nine months ended September 30, 2018: Nine Months Ended September 30, 2018 Property Name (1) Location GLA Impairment Charge County Line Plaza (2) Jackson, MS 221,127 $ 10,181 Southland Shopping Plaza (2) Toledo, OH 285,278 7,077 Westview Center Hanover Park, IL 321,382 5,916 Roundtree Place (2) Ypsilanti, MI 246,620 4,317 Skyway Plaza St. Petersburg, FL 110,799 3,639 Wadsworth Crossings Wadsworth, OH 118,145 3,411 Brooksville Square (2) Brooksville, FL 96,361 2,740 Sterling Bazaar Peoria, IL 87,359 1,531 Pensacola Square (2) Pensacola, FL 142,767 1,345 Plantation Plaza Clute, TX 99,141 1,228 Smith’s (2) Socorro, NM 48,000 1,200 Dover Park Plaza (2) Yardville, NJ 56,638 555 Parcel at Elk Grove Town Center (2) Elk Grove Village, IL 72,385 538 Crossroads Centre (2) Fairview Heights, IL 242,752 204 Shops of Riverdale (2) Riverdale, GA 16,808 155 Mount Carmel Plaza (2) Glenside, PA 14,504 115 Klein Square Spring, TX 80,636 49 2,260,702 $ 44,201 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the nine months ended September 30, 2018. The Company recognized the following impairments during the three months ended September 30, 2017: Three Months Ended September 30, 2017 Property Name (1) Location GLA Impairment Charge Lexington Road Plaza (2) Versailles, KY 197,668 $ 6,393 Fashion Square (3) Orange Park, FL 36,029 2,125 Shops at Seneca Mall (2) Liverpool, NY 231,024 1,507 Remount Village Shopping Center (2) North Charleston, SC 60,238 599 The Shoppes at North Ridgeville (2) North Ridgeville, OH 59,852 389 Renaissance Center East (2) Las Vegas, NV 144,216 52 729,027 $ 11,065 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2017. (3) The Company disposed of this property during the nine months ended September 30, 2018. The Company recognized the following impairments during the nine months ended September 30, 2017: Nine Months Ended September 30, 2017 Property Name (1) Location GLA Impairment Charge The Manchester Collection Manchester, CT 342,247 $ 9,026 Lexington Road Plaza (2) Versailles, KY 197,668 6,393 The Plaza at Salmon Run Watertown, NY 68,761 3,486 Smith’s (3) Socorro, NM 48,000 2,200 Fashion Square (3) Orange Park, FL 36,029 2,125 Renaissance Center East (2) Las Vegas, NV 144,216 1,658 Shops at Seneca Mall (2) Liverpool, NY 231,024 1,507 Remount Village Shopping Center (2) North Charleston, SC 60,238 599 The Shoppes at North Ridgeville (2) North Ridgeville, OH 59,852 389 1,188,035 $ 27,383 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2017. (3) The Company disposed of this property during the nine months ended September 30, 2018.

Financial Instruments - Deriv_2

Financial Instruments - Derivatives and Hedging (Tables)	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate derivatives	Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of September 30, 2018 and December 31, 2017 is as follows: Number of Instruments Notional Amount September 30, 2018 December 31, 2017 September 30, 2018 December 31, 2017 Interest Rate Swaps 6 9 $ 900,000 $ 1,400,000
Schedule of derivative instruments in Statement of Financial Position, fair value	Detail on the Company’s fair value of interest rate derivatives on a gross and net basis as of September 30, 2018 and December 31, 2017, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: September 30, 2018 December 31, 2017 Gross derivative assets $ 27,370 $ 24,420 Gross derivative liabilities — — Net derivative assets $ 27,370 $ 24,420
Schedule of Derivatives in Cash Flow Hedging Relationships	The effective portion of the Company’s interest rate swaps that was recognized in the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2018 and 2017 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Change in unrealized gain (loss) on interest rate swaps $ 1,868 $ 132 $ 12,103 $ (532 ) Accretion of interest rate swaps to interest expense (3,110 ) (1,094 ) (9,153 ) (902 ) Change in unrealized gain (loss) on interest rate swaps, net $ (1,242 ) $ (962 ) $ 2,950 $ (1,434 )

Debt Obligations (Tables)

Debt Obligations (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Debt obligations under various arrangements with financial institutions	As of September 30, 2018 and December 31, 2017, the Company had the following indebtedness outstanding: Carrying Value as of September 30, 2018 December 31, Stated Interest Rate (1) Scheduled Maturity Date Secured loans Secured loans (2)(3) $ 384,409 $ 902,717 4.40% – 6.24% 2020 – 2024 Net unamortized premium 3,395 15,321 Net unamortized debt issuance costs (54 ) (93 ) Total secured loans, net 387,750 917,945 Notes payable Unsecured notes (4) 3,468,453 3,218,453 3.25% – 7.97% 2022 – 2029 Net unamortized discount (12,043 ) (13,485 ) Net unamortized debt issuance costs (21,815 ) (22,476 ) Total notes payable, net 3,434,595 3,182,492 Unsecured Credit Facility and term loans Unsecured $600 Million Term Loan (5) 350,000 600,000 3.53% 2019 Unsecured Credit Facility (6) 641,000 685,000 3.45% – 3.48% 2020 – 2021 Unsecured $300 Million Term Loan (7) 300,000 300,000 4.00% 2024 Net unamortized debt issuance costs (6,637 ) (9,199 ) Total Unsecured Credit Facility and term loans 1,284,363 1,575,801 Total debt obligations, net $ 5,106,708 $ 5,676,238 (1) The stated interest rates are as of September 30, 2018 and do not include the impact of the Company’s interest rate swap agreements (described below). (2) The Company’s secured loans are collateralized by certain properties and the equity interests of certain subsidiaries. These properties had a carrying value as of September 30, 2018 of approximately $587.0 million . (3) The weighted average stated interest rate on the Company’s secured loans was 6.05% as of September 30, 2018. (4) The weighted average stated interest rate on the Company’s unsecured notes was 3.77% as of September 30, 2018. (5) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on $350.0 million of the Company’s $600 million term loan agreement, as amended July 25, 2016, (the “$600 Million Term Loan”) to a fixed, combined interest rate of 0.88% (plus a spread of 140 bps) through March 18, 2019. (6) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on a $500.0 million term loan under the Company’s senior unsecured credit facility agreement, as amended July 25, 2016, (the “Unsecured Credit Facility”) to a fixed, combined interest rate of 1.11% (plus a spread of 135 bps) through July 30, 2021. (7) Effective July 28, 2017, the Company has in place one interest rate swap agreement that converts the variable interest rate on $50.0 million of the Company’s $300 million term loan agreement, as entered into July 28, 2017, (the “$300 Million Term Loan”) to a fixed, combined interest rate of 0.88% (plus a spread of 190 bps) through March 18, 2019.
Future expected/scheduled maturities of outstanding debt and capital lease obligations	As of September 30, 2018 and December 31, 2017, the Company had accrued interest of $26.4 million and $35.9 million outstanding, respectively. As of September 30, 2018, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2018 (remaining three months) $ 1,877 2019 357,738 2020 322,569 2021 686,225 2022 750,000 Thereafter 3,025,453 Total debt maturities 5,143,862 Net unamortized discount (8,648 ) Net unamortized debt issuance costs (28,506 ) Total debt obligations, net $ 5,106,708

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Schedule Of Fair Value Debt Obligation	All financial instruments of the Company are reflected in the accompanying unaudited Condensed Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below: September 30, 2018 December 31, 2017 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans $ 387,750 $ 398,423 $ 917,945 $ 963,702 Notes payable 3,434,595 3,366,004 3,182,492 3,224,877 Unsecured Credit Facility and term loans 1,284,363 1,291,792 1,575,801 1,586,206 Total debt obligations, net $ 5,106,708 $ 5,056,219 $ 5,676,238 $ 5,774,785
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis: Fair Value Measurements as of September 30, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 30,725 $ 1,777 $ 28,948 $ — Interest rate derivatives $ 27,370 $ — $ 27,370 $ — Fair Value Measurements as of December 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 28,006 $ 725 $ 27,281 $ — Interest rate derivatives $ 24,420 $ — $ 24,420 $ — (1) As of September 30, 2018 and December 31, 2017, marketable securities included $0.2 million of net unrealized losses. As of September 30, 2018, the contractual maturities of the Company’s marketable securities are within the next five years.
Fair Value Measurements, Nonrecurring	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a non-recurring basis. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the nine months ended September 30, 2018 and during the year ended December 31, 2017, excluding the properties sold prior to September 30, 2018 and December 31, 2017, respectively: Fair Value Measurements as of September 30, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of Real Estate Assets Assets: Properties (1)(2)(3) $ 59,591 $ — $ — $ 59,591 $ 15,774 Fair Value Measurements as of December 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of Real Estate Assets Assets: Properties (4)(5)(6) $ 73,303 $ — $ — $ 73,303 $ 17,195 (1) Excludes properties disposed of prior to September 30, 2018. (2) The carrying value of properties remeasured to fair value based upon offers from third party buyers during the nine months ended September 30, 2018 includes: (i) $26.1 million related to Westview Center, (ii) $15.6 million related to Wadsworth Crossings, (iii) $6.8 million related to Klein Square, (iv) $4.7 million related to Sterling Bazaar, and (v) $3.5 million related to Plantation Plaza. (3) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the nine months ended September 30, 2018 includes $2.9 million related to Skyway Plaza. The capitalization rate of 9.3% and discount rate of 10.4% which were utilized in the discounted cash flow analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the investment. (4) Excludes properties disposed of prior to December 31, 2017. (5) The carrying value of properties remeasured to fair value based upon offers from third party buyers during the year ended December 31, 2017 includes: (i) $46.9 million related to The Manchester Collection, (ii) $2.4 million related to Fashion Square, and (iii) $14.3 million related to Crossroads Centre. (6) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the year ended December 31, 2017 includes: (i) $7.8 million related to The Plaza at Salmon Run and (ii) $1.9 million related to Smith’s. The capitalization rates (ranging from 7.0% to 8.5% ) and discount rates (ranging from 7.9% to 9.5% ) which were utilized in the discounted cash flow analyses were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2018 and 2017 (dollars in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Computation of Basic Earnings Per Share: Net income $ 147,346 $ 83,380 $ 288,730 $ 230,473 Net income attributable to non-controlling interests — — — (76 ) Non-forfeitable dividends on unvested restricted shares (162 ) (10 ) (264 ) (31 ) Preferred stock dividends — — — (39 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,327 Weighted average number shares outstanding – basic 302,170 304,936 303,031 304,810 Basic earnings per share attributable to the Company’s common stockholders: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.76 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,327 Allocation of net income to dilutive convertible non-controlling interests — — — 76 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,403 Weighted average shares outstanding – basic 302,170 304,936 303,031 304,810 Effect of dilutive securities: Conversion of OP Units — — — 104 Equity awards 212 240 182 261 Weighted average shares outstanding – diluted 302,382 305,176 303,213 305,175 Diluted earnings per share attributable to the Company’s common stockholders: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.75

Earnings per Unit (Tables)

Earnings per Unit (Tables)	9 Months Ended
	Sep. 30, 2018
Schedule of Earnings per Share [Line Items]
Schedule of earnings per unit, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2018 and 2017 (dollars in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Computation of Basic Earnings Per Share: Net income $ 147,346 $ 83,380 $ 288,730 $ 230,473 Net income attributable to non-controlling interests — — — (76 ) Non-forfeitable dividends on unvested restricted shares (162 ) (10 ) (264 ) (31 ) Preferred stock dividends — — — (39 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,327 Weighted average number shares outstanding – basic 302,170 304,936 303,031 304,810 Basic earnings per share attributable to the Company’s common stockholders: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.76 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for basic earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,327 Allocation of net income to dilutive convertible non-controlling interests — — — 76 Net income attributable to the Company’s common stockholders for diluted earnings per share $ 147,184 $ 83,370 $ 288,466 $ 230,403 Weighted average shares outstanding – basic 302,170 304,936 303,031 304,810 Effect of dilutive securities: Conversion of OP Units — — — 104 Equity awards 212 240 182 261 Weighted average shares outstanding – diluted 302,382 305,176 303,213 305,175 Diluted earnings per share attributable to the Company’s common stockholders: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.75
Brixmor Operating Partnership LP
Schedule of Earnings per Share [Line Items]
Schedule of earnings per unit, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three and nine months ended September 30, 2018 and 2017 (dollars in thousands, except per unit data): Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 147,346 $ 83,380 $ 288,730 $ 230,473 Non-forfeitable dividends on unvested restricted units (162 ) (10 ) (264 ) (31 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 147,184 $ 83,370 $ 288,466 $ 230,442 Weighted average number common units outstanding – basic 302,170 304,936 303,031 304,914 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.76 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 147,184 $ 83,370 $ 288,466 $ 230,442 Weighted average common units outstanding – basic 302,170 304,936 303,031 304,914 Effect of dilutive securities: Equity awards 212 240 182 261 Weighted average common units outstanding – diluted 302,382 305,176 303,213 305,175 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income $ 0.49 $ 0.27 $ 0.95 $ 0.76

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2018 (remaining three months) $ 1,738 2019 6,912 2020 6,925 2021 7,134 2022 7,209 Thereafter 49,573 Total minimum annual rental commitments $ 79,491

Nature of Business and Financ_3

Nature of Business and Financial Statement Presentation (Details)	Sep. 30, 2018ft²Property	Sep. 30, 2017ft²
Nture of Oerations and Financial Statements Presentation [Line Items]
GLA	16,449	444,779
Shopping Center
Nture of Oerations and Financial Statements Presentation [Line Items]
Number of real estate properties | Property	445
GLA	77,000,000
Parent Company | BPG Sub
Nture of Oerations and Financial Statements Presentation [Line Items]
Ownership percentage	100.00%

Acquisition of Real Estate (Pro

Acquisition of Real Estate (Properties Acquired) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)ft²	Sep. 30, 2017USD ($)ft²
Business Acquisition [Line Items]
GLA | ft²	16,449	444,779
Aggregate Purchase Price	$ 8,994	$ 111,790
Land adjacent to Arborland Center
Business Acquisition [Line Items]
Aggregate Purchase Price	$ 5,554
Outparcel adjacent to Lehigh Shopping Center
Business Acquisition [Line Items]
GLA | ft²	12,739
Aggregate Purchase Price	$ 1,899
Outparcel building adjacent to Beneva Village Shoppes
Business Acquisition [Line Items]
GLA | ft²	3,710
Aggregate Purchase Price	$ 1,541
Outparcel building adjacent to Annex of Arlington
Business Acquisition [Line Items]
GLA | ft²		5,760
Aggregate Purchase Price		$ 1,006
Outparcel adjacent to Northeast Plaza
Business Acquisition [Line Items]
Aggregate Purchase Price		$ 1,537
Arborland Center
Business Acquisition [Line Items]
GLA | ft²		403,536
Aggregate Purchase Price		$ 102,268
Building adjacent to Preston Park
Business Acquisition [Line Items]
GLA | ft²		31,080
Aggregate Purchase Price		$ 4,015
Outparcel building adjacent to Cobblestone Village
Business Acquisition [Line Items]
GLA | ft²		4,403
Aggregate Purchase Price		$ 1,306
Outparcel adjacent to Wynnewood Village
Business Acquisition [Line Items]
Aggregate Purchase Price		$ 1,658

Acquisition of Real Estate (Pur

Acquisition of Real Estate (Purchase Price) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Above market leases
Liabilities
Amortization period		5 years
In-place lease amortization expense
Liabilities
Amortization period	4 years 9 months 18 days	6 years 7 months 6 days
Below market leases
Liabilities
Amortization period	4 years 9 months 18 days	16 years 8 months 12 days
Acquired Properties
Assets
Land	$ 6,078	$ 19,240
Buildings	2,448	75,286
Building Improvements	238	9,177
Above market rents	0	2,381
In-place leases	304	8,608
Total assets	9,068	114,692
Liabilities
Below market leases	74	2,902
Other liabilities	0	0
Total liabilities	74	2,902
Net assets acquired	$ 8,994	$ 111,790

Acquisition of Real Estate (Acq

Acquisition of Real Estate (Acquisition Related Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Real Estate Properties [Line Items]
Total transaction costs	$ 136	$ 204	$ 467	$ 576
Other
Real Estate Properties [Line Items]
Total transaction costs	95	204	294	204
Real estate, net
Real Estate Properties [Line Items]
Total transaction costs	$ 41	$ 0	$ 173	$ 372

Dispositions and Assets Held _3

Dispositions and Assets Held for Sale (Narratives) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)shopping_center	Sep. 30, 2017USD ($)shopping_center	Sep. 30, 2018USD ($)shopping_center	Sep. 30, 2017USD ($)land_parcelshopping_center
Schedule of Acquisitions and Dispositions [Line Items]
Gain on sale			$ 159,043	$ 54,920
Proceeds from sale of unconsolidated joint venture interest			0	12,369
Gain on disposition of unconsolidated joint venture interest	$ 0	$ 4,556	$ 0	$ 4,556
Disposed of by Sale
Schedule of Acquisitions and Dispositions [Line Items]
Number of shopping centers sold | shopping_center	26	8	42	14
Number of partial shopping centers sold | shopping_center	2		2
Proceeds from sale of property	$ 437,400	$ 121,400	$ 676,500	$ 228,700
Gain on sale	119,300	25,900	158,500	54,900
Provisions of impairment	$ 4,200	$ 400	28,400	$ 400
Number of outparcels sold | land_parcel				2
Disposed of by Sale | Previously Disposed Assets
Schedule of Acquisitions and Dispositions [Line Items]
Proceeds from sale of property			500
Gain on sale			$ 500

Dispositions and Assets Held _4

Dispositions and Assets Held for Sale (Held for Sale) (Details) - Held-for-sale $ in Thousands	Sep. 30, 2018USD ($)property	Dec. 31, 2017USD ($)property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property	6	1
Land	$ 23,092	$ 3,220
Buildings and improvements	77,995	30,758
Accumulated depreciation and amortization	(22,232)	(7,464)
Other assets	1,471	567
Real estate, net	78,855	26,514
Assets associated with properties held for sale	80,326	27,081
Other liabilities	3,233	33
Liabilities associated with properties held for sale	$ 3,233	$ 33

Real Estate (Details)

Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Land	$ 1,845,114		$ 1,845,114		$ 1,984,309
Building and tenant improvements	7,712,739		7,712,739		8,145,085
Lease intangibles	697,118		697,118		792,097
Real estate, gross	10,254,971		10,254,971		10,921,491
Accumulated depreciation and amortization	(2,358,782)		(2,358,782)		(2,361,070)
Real estate, net	7,896,189		7,896,189		8,560,421
Accrued capital expenditures and tenant improvements			34,800		22,800
Accumulated amortization	579,500		579,500		629,100
Intangible liabilities relating to below-market leases	408,800		408,800		463,300
Accumulated amortization on below-market leases	271,600		271,600		281,500
Below-market lease intangible amortization	5,800	$ 7,600	20,600	$ 23,000
Amortization of intangible assets	8,000	$ 10,800	27,200	$ 36,300
In-place lease amortization expense
Real Estate Owned, Disclosure of Detailed Components [Abstract]
In-place lease value	628,900		628,900		715,100
In-place lease amortization expense
2018 (remaining three months)	7,280		7,280
2,019	24,872		24,872
2,020	18,294		18,294
2,021	13,023		13,023
2,022	9,599		9,599
Above market leases
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Above market leases	68,200		68,200		$ 77,000
Below-market lease accretion (income), net of above-market lease amortization
Below-market lease accretion (income), net of above-market lease amortization
2018 (remaining three months)	(5,243)		(5,243)
2,019	(18,907)		(18,907)
2,020	(15,357)		(15,357)
2,021	(12,524)		(12,524)
2,022	$ (10,343)		$ (10,343)

Impairments (Details)

Impairments (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)ft²	Sep. 30, 2017USD ($)ft²	Sep. 30, 2018USD ($)ft²	Sep. 30, 2017USD ($)ft²
Real Estate Properties [Line Items]
GLA | ft²	1,011,359	729,027	2,260,702	1,188,035
Impairment Charge | $	$ 16,372	$ 11,065	$ 44,201	$ 27,383
Westview Center
Real Estate Properties [Line Items]
GLA | ft²	321,382		321,382
Impairment Charge | $	$ 5,916		$ 5,916
Wadsworth Crossings
Real Estate Properties [Line Items]
GLA | ft²	118,145		118,145
Impairment Charge | $	$ 3,411		$ 3,411
Brooksville Square
Real Estate Properties [Line Items]
GLA | ft²	96,361		96,361
Impairment Charge | $	$ 2,740		$ 2,740
Sterling Bazaar
Real Estate Properties [Line Items]
GLA | ft²	87,359		87,359
Impairment Charge | $	$ 1,531		$ 1,531
Plantation Plaza
Real Estate Properties [Line Items]
GLA | ft²	99,141		99,141
Impairment Charge | $	$ 1,228		$ 1,228
Smith’s
Real Estate Properties [Line Items]
GLA | ft²	48,000		48,000	48,000
Impairment Charge | $	$ 1,200		$ 1,200	$ 2,200
Shops of Riverdale
Real Estate Properties [Line Items]
GLA | ft²	16,808		16,808
Impairment Charge | $	$ 155		$ 155
Dover Park Plaza
Real Estate Properties [Line Items]
GLA | ft²	56,638		56,638
Impairment Charge | $	$ 117		$ 555
Klein Square
Real Estate Properties [Line Items]
GLA | ft²	80,636		80,636
Impairment Charge | $	$ 49		$ 49
Parcel at Elk Grove Town Center
Real Estate Properties [Line Items]
GLA | ft²	72,385		72,385
Impairment Charge | $	$ 19		$ 538
Mount Carmel Plaza
Real Estate Properties [Line Items]
GLA | ft²	14,504		14,504
Impairment Charge | $	$ 6		$ 115
County Line Plaza
Real Estate Properties [Line Items]
GLA | ft²			221,127
Impairment Charge | $			$ 10,181
Southland Shopping Plaza
Real Estate Properties [Line Items]
GLA | ft²			285,278
Impairment Charge | $			$ 7,077
Roundtree Place
Real Estate Properties [Line Items]
GLA | ft²			246,620
Impairment Charge | $			$ 4,317
Skyway Plaza
Real Estate Properties [Line Items]
GLA | ft²			110,799
Impairment Charge | $			$ 3,639
Pensacola Square
Real Estate Properties [Line Items]
GLA | ft²			142,767
Impairment Charge | $			$ 1,345
Crossroads Centre
Real Estate Properties [Line Items]
GLA | ft²			242,752
Impairment Charge | $			$ 204
Lexington Road Plaza
Real Estate Properties [Line Items]
GLA | ft²		197,668		197,668
Impairment Charge | $		$ 6,393		$ 6,393
Fashion Square
Real Estate Properties [Line Items]
GLA | ft²		36,029		36,029
Impairment Charge | $		$ 2,125		$ 2,125
Shops at Seneca Mall
Real Estate Properties [Line Items]
GLA | ft²		231,024		231,024
Impairment Charge | $		$ 1,507		$ 1,507
Remount Village Shopping Center
Real Estate Properties [Line Items]
GLA | ft²		60,238		60,238
Impairment Charge | $		$ 599		$ 599
The Shoppes at North Ridgeville
Real Estate Properties [Line Items]
GLA | ft²		59,852		59,852
Impairment Charge | $		$ 389		$ 389
Renaissance Center East
Real Estate Properties [Line Items]
GLA | ft²		144,216		144,216
Impairment Charge | $		$ 52		$ 1,658
The Manchester Collection
Real Estate Properties [Line Items]
GLA | ft²				342,247
Impairment Charge | $				$ 9,026
The Plaza at Salmon Run
Real Estate Properties [Line Items]
GLA | ft²				68,761
Impairment Charge | $				$ 3,486

Financial Instruments - Deriv_3

Financial Instruments - Derivatives and Hedging (Notional Amount) (Details)	9 Months Ended
	Sep. 30, 2018USD ($)derivative_instrument	Dec. 31, 2017USD ($)derivative_instrument
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount expected to be reclassified from accumulated other comprehensive loss in the next twelve months	$ 10,500,000
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Number of Instruments | derivative_instrument	6	9
Notional Amount	$ 900,000,000	$ 1,400,000,000

Financial Instruments - Deriv_4

Financial Instruments - Derivatives and Hedging (Fair Value) (Details) - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Gross derivative assets	$ 27,370	$ 24,420
Gross derivative liabilities	0	0
Net derivative assets	$ 27,370	$ 24,420

Financial Instruments - Deriv_5

Financial Instruments - Derivatives and Hedging (Cash Flow Hedging Relationship) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Change in unrealized gain (loss) on interest rate swaps	$ 1,868	$ 132	$ 12,103	$ (532)
Accretion of interest rate swaps to interest expense	(3,110)	(1,094)	(9,153)	(902)
Change in unrealized gain (loss) on interest rate swaps, net	$ (1,242)	$ (962)	$ 2,950	$ (1,434)

Debt Obligations (Shedule of De

Debt Obligations (Shedule of Debt) (Details)	9 Months Ended
	Sep. 30, 2018USD ($)derivative_instrument	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)derivative_instrument
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 5,143,862,000
Net unamortized premiums and discounts	7,400,000
Net unamortized debt issuance costs	(28,506,000)
Total debt obligations	5,106,708,000		$ 5,676,238,000
Collateral carrying value	$ 587,000,000
Interest Rate Swap | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	6		9
Notional Amount	$ 900,000,000		$ 1,400,000,000
Term Loan | Unsecured $600M Term Loan
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.40%
Effective percentage	0.88%
Term Loan | Unsecured $600M Term Loan | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	3
Term Loan | Term Loan, Expires 07/30/2021 | Interest Rate Swap | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	3
Term Loan | Unsecured $300M Term Loan
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.90%
Effective percentage	0.88%
Term Loan | Unsecured $300M Term Loan | Interest Rate Swap | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	1
Notional Amount	$ 50,000,000
Secured Debt
Debt obligations under various arrangements with financial institutions
Long-term debt	384,409,000		902,717,000
Net unamortized premiums and discounts	3,395,000		15,321,000
Net unamortized debt issuance costs	(54,000)		(93,000)
Long-term Debt	$ 387,750,000		917,945,000
Weighted average fixed interest rate	6.05%
Secured Debt | Minimum
Debt obligations under various arrangements with financial institutions
Stated percentage	4.40%
Secured Debt | Maximum
Debt obligations under various arrangements with financial institutions
Stated percentage	6.24%
Unsecured Debt
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 3,468,453,000		3,218,453,000
Net unamortized debt issuance costs	(21,815,000)		(22,476,000)
Net unamortized discount	(12,043,000)		(13,485,000)
Long-term Debt	$ 3,434,595,000		3,182,492,000
Weighted average fixed interest rate	3.77%
Unsecured Debt | Minimum
Debt obligations under various arrangements with financial institutions
Stated percentage	3.25%
Unsecured Debt | Maximum
Debt obligations under various arrangements with financial institutions
Stated percentage	7.97%
Unsecured Debt | Unsecured Credit Facility
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 641,000,000		685,000,000
Unsecured Debt | Unsecured Credit Facility | Minimum
Debt obligations under various arrangements with financial institutions
Stated percentage	3.45%
Unsecured Debt | Unsecured Credit Facility | Maximum
Debt obligations under various arrangements with financial institutions
Stated percentage	3.48%
Unsecured Debt | Term Loan
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 141,000,000
Unsecured Debt | Term Loan | Unsecured $600M Term Loan
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 350,000,000		600,000,000
Stated percentage	3.525%
Term loan face amount	$ 600,000,000
Notional Amount	$ 350,000,000
Unsecured Debt | Term Loan | Term Loan, Expires 07/30/2021
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.35%
Term loan face amount	$ 500,000,000
Effective percentage	1.11%
Unsecured Debt | Term Loan | Unsecured $300M Term Loan
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 300,000,000		300,000,000
Stated percentage	4.00375%
Term loan face amount		$ 300,000,000
Unsecured Debt | Unsecured Credit Facility and Term Loan
Debt obligations under various arrangements with financial institutions
Net unamortized debt issuance costs	$ (6,637,000)		(9,199,000)
Long-term Debt	$ 1,284,363,000		$ 1,575,801,000

Debt Obligations (Narrative) (D

Debt Obligations (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Aug. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Interest payable	$ 26,400,000		$ 26,400,000			$ 35,900,000
Debt Instrument [Line Items]
Borrowed funds	5,143,862,000		5,143,862,000
Loss on extinguishment of debt, net	19,759,000	$ (1,828,000)	20,182,000	$ (488,000)
Prepayment cost			27,600,000
Accelerated unamortized debt premiums, net of discounts and debt issuance costs	7,400,000		7,400,000
Legal defeasance fees			5,000,000
Unsecured Debt
Debt Instrument [Line Items]
Borrowed funds	3,468,453,000		3,468,453,000			3,218,453,000
Secured Debt
Debt Instrument [Line Items]
Borrowed funds	384,409,000		384,409,000			902,717,000
Accelerated unamortized debt premiums, net of discounts and debt issuance costs	3,395,000		3,395,000			15,321,000
Term Loan | Unsecured Debt
Debt Instrument [Line Items]
Debt repaid			435,000,000
Borrowed funds	141,000,000		141,000,000
Term Loan | Secured Debt
Debt Instrument [Line Items]
Debt repaid			505,500,000
Principal balance	93,300,000		93,300,000
Unsecured $600M Term Loan | Term Loan | Unsecured Debt
Debt Instrument [Line Items]
Term loan face amount	$ 600,000,000		$ 600,000,000
Stated percentage	3.525%		3.525%
Borrowed funds	$ 350,000,000		$ 350,000,000			$ 600,000,000
Brixmor Operating Partnership LP
Debt Instrument [Line Items]
Loss on extinguishment of debt, net	$ 19,759,000	$ (1,828,000)	$ 20,182,000	$ (488,000)
Brixmor Operating Partnership LP | Floating Rate Senior Notes due 2022
Debt Instrument [Line Items]
Term loan face amount					$ 250,000,000
Brixmor Operating Partnership LP | Floating Rate Senior Notes due 2022 | Three-month LIBOR
Debt Instrument [Line Items]
Stated percentage					1.05%

Debt Obligations (Maturities) (

Debt Obligations (Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Future expected/scheduled maturities of outstanding debt and capital lease
2018 (remaining three months)	$ 1,877
2,019	357,738
2,020	322,569
2,021	686,225
2,022	750,000
Thereafter	3,025,453
Total debt maturities	5,143,862
Net unamortized discount	(8,648)
Net unamortized debt issuance costs	(28,506)
Total debt obligations, net	$ 5,106,708	$ 5,676,238

Fair Value Disclosures (Debt Ob

Fair Value Disclosures (Debt Obligations) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	$ 5,106,708	$ 5,676,238
Total debt obligations, net	5,106,708	5,676,238
Carrying Amount
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	387,750	917,945
Notes payable	3,434,595	3,182,492
Unsecured credit facility and term loan	1,284,363	1,575,801
Total debt obligations, net	5,106,708	5,676,238
Fair Value
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	398,423	963,702
Notes payable	3,366,004	3,224,877
Unsecured credit facility and term loan	1,291,792	1,586,206
Total debt obligations	$ 5,056,219	$ 5,774,785

Fair Value Disclosures (Measure

Fair Value Disclosures (Measurements) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of Real Estate Assets	$ 16,372	$ 11,065	$ 44,201	$ 27,383
Terminal capitalization rates			9.30%
Discount rates			10.40%
Westview Center
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	26,100		$ 26,100
Wadsworth Crossings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	15,600		15,600
Klein Square
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	6,800		6,800
Sterling Bazaar
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	4,700		4,700
Plantation Plaza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	3,500		3,500
Skyway Plaza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	2,900		2,900
The Manchester Collection
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment					$ 46,900
Fashion Square
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment					2,400
Crossroads Center
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment					14,300
The Plaza at Salmon Run
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment					7,800
Smith’s
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment					$ 1,900
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Terminal capitalization rates					7.00%
Discount rates					7.90%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities, unrealized losses			(200)		$ 200
Terminal capitalization rates					8.50%
Discount rates					9.50%
Fair Value, Measurements, Recurring | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	30,725		30,725		$ 28,006
Fair Value, Measurements, Recurring | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	27,370		27,370		24,420
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1,777		1,777		725
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0		0		0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	28,948		28,948		27,281
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset					24,420
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0		0		0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0		0		0
Fair Value, Measurements, Nonrecurring | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	59,591		59,591		73,303
Impairment of Real Estate Assets			15,774		17,195
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0		0		0
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0		0		0
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 59,591		$ 59,591		$ 73,303

Equity and Capital (Details)

Equity and Capital (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017	Dec. 05, 2017
Schedule of Shareholders' Equity [Line Items]
Compensation cost					$ 0.1
Dividends, per common share	$ 0.275	$ 0.275	$ 0.275	$ 0.260
Parent Company | Operating Partnership
Schedule of Shareholders' Equity [Line Items]
Ownership percentage	100.00%				100.00%
Accounts Payable and Accrued Liabilities
Schedule of Shareholders' Equity [Line Items]
Dividends payable	$ 84.6				$ 84.6		$ 85.6
OP Units
Schedule of Shareholders' Equity [Line Items]
Conversion of stock, shares converted (in shares)						400,000
Common Stock
Schedule of Shareholders' Equity [Line Items]
Share repurchase program, number of shares authorized (in shares)	4,900,000				4,900,000
Share repurchase program, average cost per share					$ 16.71
Share repurchase program, value					$ 81.9
Stock repurchased during period, shares	2,737,000	241,000	1,922,000			100,000
Common Stock | RSUs
Schedule of Shareholders' Equity [Line Items]
Stock repurchased during period, shares					100,000
Common Stock | Maximum
Schedule of Shareholders' Equity [Line Items]
Share repurchase program, authorized amount								$ 400

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized					15
Grants in period			0.8	0.6
Expected dividend rate			5.60%
Equity based compensation	$ 2,700	$ 2,900	$ 8,006	$ 7,838
Compensation cost not yet recognized	$ 14,700		$ 14,700
Weighted average remaining contractual term			2 years 2 months 12 days
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			1 year
Expected volatility rate			29.00%	22.00%
Risk free interest rate			2.43%	1.20%
Expected dividend rate				4.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			5 years
Expected volatility rate			32.00%	23.00%
Risk free interest rate			2.53%	1.41%
Expected dividend rate				4.60%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share, Basic [Abstract]
Net income	$ 147,346	$ 80,362	$ 61,022	$ 83,380	$ 288,730	$ 230,473
Net income attributable to non-controlling interests	0			0	0	(76)
Non-forfeitable dividends on unvested restricted shares	(162)			(10)	(264)	(31)
Preferred stock dividends	0			0	0	(39)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 147,184			$ 83,370	$ 288,466	$ 230,327
Weighted average number shares outstanding – basic (in shares)	302,170			304,936	303,031	304,810
Net income (usd per share)	$ 0.49			$ 0.27	$ 0.95	$ 0.76
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 147,184			$ 83,370	$ 288,466	$ 230,327
Allocation of net income to dilutive convertible non-controlling interests	0			0	0	76
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 147,184			$ 83,370	$ 288,466	$ 230,403
Conversion of OP Units (in shares)	0			0	0	104
Equity awards (in shares)	212			240	182	261
Weighted average shares outstanding - diluted (in shares)	302,382			305,176	303,213	305,175
Net income (usd per share)	$ 0.49			$ 0.27	$ 0.95	$ 0.75

Earnings per Unit (Details)

Earnings per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Schedule of Earnings per Share [Line Items]
Net income	$ 147,346	$ 80,362	$ 61,022	$ 83,380	$ 288,730	$ 230,473
Non-forfeitable dividends on unvested restricted shares	(162)			(10)	(264)	(31)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 147,184			$ 83,370	$ 288,466	$ 230,327
Weighted average number shares outstanding – basic (in shares)	302,170			304,936	303,031	304,810
Net income (usd per share)	$ 0.49			$ 0.27	$ 0.95	$ 0.76
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 147,184			$ 83,370	$ 288,466	$ 230,403
Equity awards (in shares)	212			240	182	261
Weighted average shares outstanding - diluted (in shares)	302,382			305,176	303,213	305,175
Net income (usd per share)	$ 0.49			$ 0.27	$ 0.95	$ 0.75
Brixmor Operating Partnership LP
Schedule of Earnings per Share [Line Items]
Net income	$ 147,346			$ 83,380	$ 288,730	$ 230,473
Non-forfeitable dividends on unvested restricted shares	(162)			(10)	(264)	(31)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 147,184			$ 83,370	$ 288,466	$ 230,442
Weighted average number shares outstanding – basic (in shares)	302,170			304,936	303,031	304,914
Net income (usd per share)	$ 0.49			$ 0.27	$ 0.95	$ 0.76
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 147,184			$ 83,370	$ 288,466	$ 230,442
Equity awards (in shares)	212			240	182	261
Weighted average shares outstanding - diluted (in shares)	302,382			305,176	303,213	305,175
Net income (usd per share)	$ 0.49			$ 0.27	$ 0.95	$ 0.76

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Oct. 10, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Litigation settlement, amount awarded to other party			$ 8,500
Loss Contingencies [Line Items]
Estimate of possible loss						$ 28,000
Accrual	$ 19,500		19,500
Rent expense	1,800	$ 1,900	5,300	$ 5,600
Operating Leases, Future Minimum Payments Due, Rolling Maturity [Abstract]
2018 (remaining three months)	1,738		1,738
2,019	6,912		6,912
2,020	6,925		6,925
2,021	7,134		7,134
2,022	7,209		7,209
Thereafter	49,573		49,573
Total minimum annual rental commitments	79,491		79,491
Case No. 653091/2018 | Subsequent Event
Loss Contingencies [Line Items]
Estimate of possible loss					$ 8,000
Accounts Payable and Accrued Liabilities
Loss Contingencies [Line Items]
Accrual	19,500		19,500
Accounts Payable and Accrued Liabilities | Case No. 653091/2018
Loss Contingencies [Line Items]
Accrual	8,000		8,000
Accounts Receivable
Loss Contingencies [Line Items]
Receivable	19,500		19,500
Accounts Receivable | Case No. 653091/2018
Loss Contingencies [Line Items]
Receivable	$ 8,000		$ 8,000