XML 23 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues from operations:        
Rental income $ 112,274 $ 200,002 $ 224,495 $ 403,768
Fee and other income 16,383 8,414 35,184 17,716
Business interruption income 0 3,100 0 5,100
Total revenue from operations 128,657 211,516 259,679 426,584
Rental operation expenses:        
Operating and maintenance 18,743 34,060 37,584 67,087
Real estate taxes 17,798 30,478 35,541 62,501
Impairment charges 0 18,060 620 48,504
Hurricane property loss 0 224 0 974
General and administrative 14,932 17,276 29,044 30,121
Depreciation and amortization 40,060 72,462 82,668 146,886
Total rental operation expenses 91,533 172,560 185,457 356,073
Other income (expense):        
Interest income 4,521 5,016 9,042 10,357
Interest expense (21,087) (44,913) (42,813) (88,953)
Other income (expense), net (85) (36,255) 68 (97,862)
Total other income (expense) (16,651) (76,152) (33,703) (176,458)
Income (loss) before earnings from equity method investments and other items 20,473 (37,196) 40,519 (105,947)
Equity in net income of joint ventures 1,791 3,821 2,834 12,607
(Reserve) adjustment of preferred equity interests, net (4,634) 1,625 (5,733) (2,336)
Gain on disposition of real estate, net 213 29,508 16,590 39,519
Income (loss) before tax expense 17,843 (2,242) 54,210 (56,157)
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (306) (391) (578) (373)
Net income (loss) 17,537 (2,633) 53,632 (56,530)
Income attributable to non-controlling interests, net (260) (696) (565) (952)
Net income (loss) attributable to SITE Centers 17,277 (3,329) 53,067 (57,482)
Preferred dividends (8,383) (8,383) (16,766) (16,766)
Net income (loss) attributable to common shareholders $ 8,894 $ (11,712) $ 36,301 $ (74,248)
Per share data:        
Basic $ 0.05 $ (0.07) $ 0.20 $ (0.41)
Diluted $ 0.05 $ (0.07) $ 0.20 $ (0.41)