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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues from operations:        
Rental income $ 136,203 $ 126,230 $ 266,087 $ 246,120
Fee and other income 4,479 9,238 8,915 17,487
Total revenue from operations 140,682 135,468 275,002 263,607
Rental operation expenses:        
Operating and maintenance 22,278 19,422 44,214 39,638
Real estate taxes 20,624 19,535 40,807 39,199
Impairment charges 2,536 0 2,536 7,270
General and administrative 11,353 12,425 23,604 29,820
Depreciation and amortization 51,021 47,217 101,385 92,777
Total rental operation expenses 107,812 98,599 212,546 208,704
Other income (expense):        
Interest expense (18,909) (19,136) (37,167) (38,531)
Other expense, net (1,147) (324) (1,651) (690)
Total other income (expense) (20,056) (19,460) (38,818) (39,221)
Income before earnings from equity method investments and other items 12,814 17,409 23,638 15,682
Equity in net income of joint ventures 1,381 4,850 1,550 9,235
Gain on sale and change in control of interests 41,970 0 45,326 13,908
Gain on disposition of real estate, net 4,597 218 4,455 198
Income before tax expense 60,762 22,477 74,969 39,023
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (353) (490) (605) (855)
Net income 60,409 21,987 74,364 38,168
Income attributable to non-controlling interests, net (19) (118) (37) (291)
Net income attributable to SITE Centers 60,390 21,869 74,327 37,877
Write-off of preferred share original issuance costs 0 (5,156) 0 (5,156)
Preferred dividends (2,789) (2,945) (5,578) (8,078)
Net income attributable to common shareholders $ 57,601 $ 13,768 $ 68,749 $ 24,643
Per share data:        
Basic $ 0.27 $ 0.06 $ 0.32 $ 0.12
Diluted $ 0.27 $ 0.06 $ 0.32 $ 0.12