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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues from operations:        
Rental income $ 135,123 $ 120,569 $ 401,210 $ 366,689
Fee and other income 3,720 13,872 12,635 31,359
Total revenue from operations 138,843 134,441 413,845 398,048
Rental operation expenses:        
Operating and maintenance 22,314 18,562 66,528 58,200
Real estate taxes 20,423 19,160 61,230 58,359
Impairment charges     2,536 7,270
General and administrative 10,799 11,727 34,403 41,547
Depreciation and amortization 51,179 44,669 152,564 137,446
Total rental operation expenses 104,715 94,118 317,261 302,822
Other income (expense):        
Interest expense (20,139) (19,170) (57,306) (57,701)
Other expense, net (501) (524) (2,152) (1,214)
Total other income (expense) (20,640) (19,694) (59,458) (58,915)
Income before earnings from equity method investments and other items 13,488 20,629 37,126 36,311
Equity in net income of joint ventures 25,918 1,824 27,468 11,059
Gain on sale and change in control of interests 228 35 45,554 13,943
Gain on disposition of real estate, net 26,837 5,871 31,292 6,069
Income before tax expense 66,471 28,359 141,440 67,382
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (258) (202) (863) (1,057)
Net income 66,213 28,157 140,577 66,325
Income attributable to non-controlling interests, net (18) (93) (55) (384)
Net income attributable to SITE Centers 66,195 28,064 140,522 65,941
Write-off of preferred share original issuance costs 0 0 0 (5,156)
Preferred dividends (2,789) (2,789) (8,367) (10,867)
Net income attributable to common shareholders $ 63,406 $ 25,275 $ 132,155 $ 49,918
Per share data:        
Basic $ 0.30 $ 0.12 $ 0.62 $ 0.24
Diluted $ 0.30 $ 0.12 $ 0.62 $ 0.24