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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues from operations:        
Rental income $ 142,498 $ 135,123 $ 414,324 $ 401,210
Fee and other income 2,261 3,720 7,285 12,635
Total revenue from operations 144,759 138,843 421,609 413,845
Rental operation expenses:        
Operating and maintenance 20,986 22,314 66,628 66,528
Real estate taxes 20,543 20,423 60,875 61,230
Impairment charges     0 2,536
General and administrative 11,259 10,799 35,935 34,403
Depreciation and amortization 52,821 51,179 165,535 152,564
Total rental operation expenses 105,609 104,715 328,973 317,261
Other income (expense):        
Interest expense (21,147) (20,139) (61,991) (57,306)
Other income (expense), net (690) (501) (2,011) (2,152)
Total other income (expense) (21,837) (20,640) (64,002) (59,458)
Income before earnings from equity method investments and other items 17,313 13,488 28,634 37,126
Equity in net income of joint ventures 518 25,918 6,495 27,468
Gain on sale and change in control of interests 0 228 3,749 45,554
Gain on disposition of real estate, net 31,047 26,837 31,230 31,292
Income before tax expense 48,878 66,471 70,108 141,440
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (236) (258) (811) (863)
Net income 48,642 66,213 69,297 140,577
Income attributable to non-controlling interests, net 0 (18) (18) (55)
Net income attributable to SITE Centers 48,642 66,195 69,279 140,522
Preferred dividends (2,789) (2,789) (8,367) (8,367)
Net income attributable to common shareholders $ 45,853 $ 63,406 $ 60,912 $ 132,155
Per share data:        
Basic $ 0.22 $ 0.3 $ 0.29 $ 0.62
Diluted $ 0.22 $ 0.3 $ 0.29 $ 0.62