XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues from operations:    
Rental income $ 112,221 $ 203,766
Fee and other income 18,801 9,302
Business interruption income 0 2,000
Total revenue from operations 131,022 215,068
Rental operation expenses:    
Operating and maintenance 18,841 33,026
Real estate taxes 17,743 32,023
Impairment charges 620 30,444
Hurricane property loss, net 0 750
General and administrative 14,112 12,846
Depreciation and amortization 42,608 74,424
Total rental operation expenses 93,924 183,513
Other income (expense):    
Interest income 4,521 5,341
Interest expense (21,726) (44,040)
Other income (expense), net 153 (61,607)
Total other income (expense) (17,052) (100,306)
Income (loss) before earnings from equity method investments and other items 20,046 (68,751)
Equity in net income of joint ventures 1,043 8,786
Reserve of preferred equity interests, net (1,099) (3,961)
Gain on disposition of real estate, net 16,377 10,011
Income (loss) before tax expense 36,367 (53,915)
Tax (expense) benefit of taxable REIT subsidiaries and state franchise and income taxes (272) 18
Net income (loss) 36,095 (53,897)
Income attributable to non-controlling interests, net (305) (256)
Net income (loss) attributable to SITE Centers 35,790 (54,153)
Preferred dividends (8,383) (8,383)
Net income (loss) attributable to common shareholders $ 27,407 $ (62,536)
Per share data:    
Basic $ 0.15 $ (0.34)
Diluted $ 0.15 $ (0.34)