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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues from operations:        
Rental income $ 135,954 $ 136,203 $ 271,826 $ 266,087
Fee and other income 2,204 4,479 5,024 8,915
Total revenue from operations 138,158 140,682 276,850 275,002
Rental operation expenses:        
Operating and maintenance 22,476 22,278 45,642 44,214
Real estate taxes 20,279 20,624 40,332 40,807
Impairment charges 0 2,536 0 2,536
General and administrative 14,031 11,353 24,676 23,604
Depreciation and amortization 58,698 51,021 112,714 101,385
Total rental operation expenses 115,484 107,812 223,364 212,546
Other income (expense):        
Interest expense (20,921) (18,909) (40,844) (37,167)
Other income (expense), net (634) (1,147) (1,321) (1,651)
Total other income (expense) (21,555) (20,056) (42,165) (38,818)
Income before earnings from equity method investments and other items 1,119 12,814 11,321 23,638
Equity in net income of joint ventures 4,618 1,381 5,977 1,550
Gain on sale and change in control of interests 0 41,970 3,749 45,326
(Loss) gain on disposition of real estate, net (22) 4,597 183 4,455
Income before tax expense 5,715 60,762 21,230 74,969
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (362) (353) (575) (605)
Net income 5,353 60,409 20,655 74,364
Income attributable to non-controlling interests, net 0 (19) (18) (37)
Net income attributable to SITE Centers 5,353 60,390 20,637 74,327
Preferred dividends (2,789) (2,789) (5,578) (5,578)
Net income attributable to common shareholders $ 2,564 $ 57,601 $ 15,059 $ 68,749
Per share data:        
Basic $ 0.01 $ 0.27 $ 0.07 $ 0.32
Diluted $ 0.01 $ 0.27 $ 0.07 $ 0.32