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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues from operations:        
Rental income $ 113,480 $ 135,954 $ 233,072 $ 271,826
Fee and other income 2,191 2,204 4,690 5,024
Total revenue from operations 115,671 138,158 237,762 276,850
Rental operation expenses:        
Operating and maintenance 19,251 22,476 39,795 45,642
Real estate taxes 16,148 20,279 32,886 40,332
Impairment charges     66,600 0
General and administrative 12,713 14,031 23,785 24,676
Depreciation and amortization 40,439 58,698 83,589 112,714
Total rental operation expenses 88,551 115,484 246,655 223,364
Other income (expense):        
Interest expense (18,426) (20,921) (37,339) (40,844)
Interest income 8,550 0 15,844 0
Gain on debt retirement 277 0 1,037 0
Loss on equity derivative instruments (1,070) 0 (5,166) 0
Other income (expense), net (13,971) (634) (18,034) (1,321)
Total other income (expense) (24,640) (21,555) (43,658) (42,165)
(Loss) income before earnings from equity method investments and other items 2,480 1,119 (52,551) 11,321
Equity in net income of joint ventures 61 4,618 78 5,977
Gain on sale and change in control of interest 2,669 0 2,669 3,749
Gain (loss) on disposition of real estate, net 233,316 (22) 265,030 183
Income before tax expense 238,526 5,715 215,226 21,230
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (281) (362) (533) (575)
Net income 238,245 5,353 214,693 20,655
Income attributable to non-controlling interests, net 0 0 0 (18)
Net income attributable to SITE Centers 238,245 5,353 214,693 20,637
Preferred dividends (2,789) (2,789) (5,578) (5,578)
Net income attributable to common shareholders $ 235,456 $ 2,564 $ 209,115 $ 15,059
Per share data:        
Basic $ 1.12 $ 0.01 $ 1 $ 0.07
Diluted $ 1.11 $ 0.01 $ 0.99 $ 0.07