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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues from operations:        
Rental income $ 95,874 $ 108,060 $ 306,482 $ 332,555
Fee and other income 9,680 13,580 35,953 48,764
Business interruption income 0 885 0 885
Total revenue from operations 105,554 122,525 342,435 382,204
Rental operation expenses:        
Operating and maintenance 15,775 16,738 50,774 54,322
Real estate taxes 16,542 16,721 51,547 52,262
Impairment charges 0 2,750 0 3,370
General and administrative 13,664 15,304 38,542 44,348
Depreciation and amortization 41,148 40,732 125,014 123,400
Total rental operation expenses 87,129 92,245 265,877 277,702
Other income (expense):        
Interest income 3,445 4,616 10,480 13,658
Interest expense (18,089) (21,160) (58,487) (63,973)
Other expense, net (186) (322) (18,207) (254)
Total other income (expense) (14,830) (16,866) (66,214) (50,569)
Income before earnings from equity method investments and other items 3,595 13,414 10,344 53,933
Equity in net income of joint ventures 250 2,612 908 5,446
Adjustment (reserve) of preferred equity interests, net 3,542 (6,373) (19,393) (12,106)
Gain on sale of joint venture interest 82 0 45,635 0
Gain on disposition of real estate, net 218 14,497 993 31,087
Income before tax expense 7,687 24,150 38,487 78,360
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (284) (249) (859) (827)
Net (loss) income 7,403 23,901 37,628 77,533
Income attributable to non-controlling interests, net (116) (271) (621) (836)
Net income attributable to SITE Centers 7,287 23,630 37,007 76,697
Preferred dividends (5,133) (8,382) (15,399) (25,148)
Net income attributable to common shareholders $ 2,154 $ 15,248 $ 21,608 $ 51,549
Per share data:        
Basic $ 0.01 $ 0.08 $ 0.11 $ 0.28
Diluted $ 0.01 $ 0.08 $ 0.11 $ 0.28