XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues from operations:    
Rental income $ 135,872 $ 129,884
Fee and other income 2,820 4,436
Total revenue from operations 138,692 134,320
Rental operation expenses:    
Operating and maintenance 23,166 21,936
Real estate taxes 20,053 20,183
General and administrative 10,645 12,251
Depreciation and amortization 54,016 50,364
Total rental operation expenses 107,880 104,734
Other income (expense):    
Interest expense (19,923) (18,258)
Other income (expense), net (687) (504)
Total other income (expense) (20,610) (18,762)
Income before earnings from equity method investments and other items 10,202 10,824
Equity in net income of joint ventures 1,359 169
Gain on sale and change in control of interests 3,749 3,356
Gain (loss) on disposition of real estate, net 205 (142)
Income before tax expense 15,515 14,207
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (213) (252)
Net income 15,302 13,955
Income attributable to non-controlling interests, net (18) (18)
Net income attributable to SITE Centers 15,284 13,937
Preferred dividends (2,789) (2,789)
Net income attributable to common shareholders $ 12,495 $ 11,148
Per share data:    
Basic $ 0.06 $ 0.05
Diluted $ 0.06 $ 0.05