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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues from operations:        
Rental income $ 89,017 $ 142,498 $ 322,089 $ 414,324
Fee and other income 1,746 2,261 6,436 7,285
Total revenue from operations 90,763 144,759 328,525 421,609
Rental operation expenses:        
Operating and maintenance 16,185 20,986 55,980 66,628
Real estate taxes 12,170 20,543 45,056 60,875
Impairment charges     66,600 0
General and administrative 15,111 11,259 38,896 35,935
Depreciation and amortization 34,251 52,821 117,840 165,535
Total rental operation expenses 77,717 105,609 324,372 328,973
Other income (expense):        
Interest expense (16,706) (21,147) (54,045) (61,991)
Interest income 13,997 0 29,841 0
Debt extinguishment costs (32,559) 0 (43,004) 0
Gain on debt retirement     1,037 0
Loss on derivative instruments     (4,412) 0
Gain on derivative instruments 754 0    
Transaction costs and other expense (23,847) (690) (31,436) (2,011)
Total other income (expense) (58,361) (21,837) (102,019) (64,002)
(Loss) income before earnings from equity method investments and other items (45,315) 17,313 (97,866) 28,634
Equity in net income of joint ventures 328 518 406 6,495
Gain on sale and change in control of interest     2,669 3,749
Gain on disposition of real estate, net 368,139 31,047 633,169 31,230
Income before tax expense 323,152 48,878 538,378 70,108
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (199) (236) (732) (811)
Net income 322,953 48,642 537,646 69,297
Income attributable to non-controlling interests, net 0 0 0 (18)
Net income attributable to SITE Centers 322,953 48,642 537,646 69,279
Preferred dividends (2,789) (2,789) (8,367) (8,367)
Net income attributable to common shareholders $ 320,164 $ 45,853 $ 529,279 $ 60,912
Per share data:        
Basic $ 6.09 $ 0.87 $ 10.07 $ 1.16
Diluted $ 6.07 $ 0.87 $ 10.03 $ 1.16