XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues from operations:        
Rental income $ 126,230 $ 98,079 $ 246,120 $ 210,608
Fee and other income 9,238 9,492 17,487 26,273
Total revenue from operations 135,468 107,571 263,607 236,881
Rental operation expenses:        
Operating and maintenance 19,422 16,519 39,638 34,999
Real estate taxes 19,535 17,348 39,199 35,005
Impairment charges     7,270 0
General and administrative 12,425 13,502 29,820 24,878
Depreciation and amortization 47,217 40,873 92,777 83,866
Total rental operation expenses 98,599 88,242 208,704 178,748
Other income (expense):        
Interest expense (19,136) (19,811) (38,531) (40,398)
Other (expense) income, net (324) 2,938 (690) (10,986)
Total other income (expense) (19,460) (16,873) (39,221) (51,384)
Income before earnings from equity method investments and other items 17,409 2,456 15,682 6,749
Equity in net income (loss) of joint ventures 4,850 (1,513) 9,235 658
Reserve of preferred equity interests, net 0 (4,878) 0 (22,935)
Gain (loss) on sale of joint venture interest 0 (128) 13,908 45,553
Gain on disposition of real estate, net 218 2 198 775
Income (loss) before tax expense 22,477 (4,061) 39,023 30,800
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (490) (342) (855) (575)
Net income (loss) 21,987 (4,403) 38,168 30,225
Income attributable to non-controlling interests, net (118) (210) (291) (505)
Net income (loss) attributable to SITE Centers 21,869 (4,613) 37,877 29,720
Write-off of preferred share original issuance costs (5,156) 0 (5,156) 0
Preferred dividends (2,945) (5,133) (8,078) (10,266)
Net income (loss) attributable to common shareholders $ 13,768 $ (9,746) $ 24,643 $ 19,454
Per share data:        
Basic $ 0.06 $ (0.05) $ 0.12 $ 0.10
Diluted $ 0.06 $ (0.05) $ 0.12 $ 0.10