XML 13 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues from operations:      
Rental income $ 537,066 $ 537,106 $ 490,799
Fee and other income 9,209 15,247 42,065
Total revenue from operations 546,275 552,353 532,864
Rental operation expenses:      
Operating and maintenance 88,959 89,278 76,716
Real estate taxes 76,762 80,706 76,071
Impairment charges 0 2,536 7,270
General and administrative 50,867 46,564 55,052
Depreciation and amortization 212,460 203,546 185,768
Total rental operation expenses 429,048 422,630 400,877
Other income (expense):      
Interest expense (82,002) (77,692) (76,383)
Other income (expense), net 3,189 (2,540) (1,185)
Total other income (expense) (78,813) (80,232) (77,568)
Income before earnings from equity method investments and other items 38,414 49,491 54,419
Equity in net income of joint ventures 6,577 27,892 47,297
Gain on sale and change in control of interests, net 3,749 45,581 19,185
Gain on disposition of real estate, net 219,026 46,644 6,065
Income before tax expense 267,766 169,608 126,966
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (2,045) (816) (1,550)
Net income 265,721 168,792 125,416
Income attributable to non-controlling interests, net (18) (73) (481)
Net income attributable to SITE Centers 265,703 168,719 124,935
Write-off of preferred share original issuance costs 0 0 (5,156)
Preferred dividends (11,156) (11,156) (13,656)
Net income attributable to common shareholders $ 254,547 $ 157,563 $ 106,123
Per share data:      
Basic $ 1.21 $ 0.74 $ 0.51
Diluted $ 1.21 $ 0.73 $ 0.51