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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues from operations:        
Rental income $ 120,569 $ 95,874 $ 366,689 $ 306,482
Fee and other income 13,872 9,680 31,359 35,953
Total revenue from operations 134,441 105,554 398,048 342,435
Rental operation expenses:        
Operating and maintenance 18,562 15,775 58,200 50,774
Real estate taxes 19,160 16,542 58,359 51,547
Impairment charges     7,270 0
General and administrative 11,727 13,664 41,547 38,542
Depreciation and amortization 44,669 41,148 137,446 125,014
Total rental operation expenses 94,118 87,129 302,822 265,877
Other income (expense):        
Interest expense (19,170) (18,089) (57,701) (58,487)
Other (expense) income, net (524) 3,259 (1,214) (7,727)
Total other income (expense) (19,694) (14,830) (58,915) (66,214)
Income before earnings from equity method investments and other items 20,629 3,595 36,311 10,344
Equity in net income of joint ventures 1,824 250 11,059 908
Reserve of preferred equity interests, net 0 3,542 0 (19,393)
Gain on sale of joint venture interests 35 82 13,943 45,635
Gain on disposition of real estate, net 5,871 218 6,069 993
Income before tax expense 28,359 7,687 67,382 38,487
Tax expense of taxable REIT subsidiaries and state franchise and income taxes (202) (284) (1,057) (859)
Net income (loss) 28,157 7,403 66,325 37,628
Income attributable to non-controlling interests, net (93) (116) (384) (621)
Net income attributable to SITE Centers 28,064 7,287 65,941 37,007
Write-off of preferred share original issuance costs 0 0 (5,156) 0
Preferred dividends (2,789) (5,133) (10,867) (15,399)
Net income attributable to common shareholders $ 25,275 $ 2,154 $ 49,918 $ 21,608
Per share data:        
Basic $ 0.12 $ 0.01 $ 0.24 $ 0.11
Diluted $ 0.12 $ 0.01 $ 0.24 $ 0.11