$SITC
Site Centers Corp

2022 Q3 Form 10-Q Financial Statement

#000095017022013377 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $138.8M $140.7M $134.8M
YoY Change 976.22% 3.85% 14.35%
Cost Of Revenue $42.74M $42.90M $36.23M
YoY Change 13.29% -45.58% 0.35%
Gross Profit $96.11M $97.78M $98.59M
YoY Change -0.63% -47.08% 20.52%
Gross Profit Margin 69.22% 69.5% 73.13%
Selling, General & Admin $10.80M $11.35M $13.51M
YoY Change -7.91% -61.93% -5.56%
% of Gross Profit 11.24% 11.61% 13.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $51.18M $51.02M $48.32M
YoY Change 14.57% 8.15% 5.74%
% of Gross Profit 53.25% 52.18% 49.01%
Operating Expenses $104.7M $107.8M $61.83M
YoY Change 85.68% 9.34% 3.22%
Operating Profit -$8.609M -$10.03M $36.76M
YoY Change -121.35% -111.64% 67.86%
Interest Expense $20.14M $18.91M $17.56M
YoY Change -216.1% -1.19% -202.67%
% of Operating Profit 47.76%
Other Income/Expense, Net -$20.64M -$20.06M $29.00K
YoY Change 3838.93% 3.06%
Pretax Income $66.47M $60.76M $59.58M
YoY Change 134.39% 170.33% -7548.0%
Income Tax $258.0K $353.0K $493.0K
% Of Pretax Income 0.39% 0.58% 0.83%
Net Earnings $66.20M $60.39M $58.99M
YoY Change 135.09% 176.14% -4638.0%
Net Earnings / Revenue 47.68% 42.93% 43.76%
Basic Earnings Per Share $0.30 $0.27
Diluted Earnings Per Share $0.30 $0.27 $277.8K
COMMON SHARES
Basic Shares Outstanding 214.0M 213.9M
Diluted Shares Outstanding 214.3M 214.9M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.88M $38.53M $41.81M
YoY Change -66.28% -33.5% -40.28%
Cash & Equivalents $20.88M $38.53M $41.81M
Short-Term Investments
Other Short-Term Assets $9.617M $8.755M $7.722M
YoY Change -0.64% -0.53% 10.31%
Inventory
Prepaid Expenses
Receivables $59.45M $54.83M $61.38M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $89.95M $102.1M $110.9M
YoY Change -31.61% -20.68% -26.55%
LONG-TERM ASSETS
Property, Plant & Equipment $3.938B $3.927B $3.686B
YoY Change 10.43% 10.18% 2.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $46.00M $53.03M $64.63M
YoY Change -82.5% -80.0% -75.8%
Other Assets $11.19M $11.25M $5.592M
YoY Change 38.88% 34.81% -49.16%
Total Long-Term Assets $4.107B $4.101B $3.856B
YoY Change 4.75% 4.5% -2.56%
TOTAL ASSETS
Total Short-Term Assets $89.95M $102.1M $110.9M
Total Long-Term Assets $4.107B $4.101B $3.856B
Total Assets $4.197B $4.203B $3.967B
YoY Change 3.57% 3.7% -3.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $227.0M $215.1M $218.8M
YoY Change 6.54% 2.57% 25.02%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $257.5M $245.8M $247.0M
YoY Change 6.72% 3.29% 7.4%
LONG-TERM LIABILITIES
Long-Term Debt $1.822B $1.867B $1.677B
YoY Change 1.65% 3.81% -13.27%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.822B $1.867B $1.677B
YoY Change 1.65% 3.81% -13.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $257.5M $245.8M $247.0M
Total Long-Term Liabilities $1.822B $1.867B $1.677B
Total Liabilities $2.080B $2.113B $1.924B
YoY Change 2.06% 3.75% -11.05%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $21.44M $21.44M $21.13M
YoY Change 1.58% 8.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.112B $2.085B $2.037B
YoY Change
Total Liabilities & Shareholders Equity $4.197B $4.203B $3.967B
YoY Change 3.57% 3.7% -3.44%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $66.20M $60.39M $58.99M
YoY Change 135.09% 176.14% -4638.0%
Depreciation, Depletion And Amortization $51.18M $51.02M $48.32M
YoY Change 14.57% 8.15% 5.74%
Cash From Operating Activities $73.38M $82.09M $65.15M
YoY Change 1.06% -7.41% 1.32%
INVESTING ACTIVITIES
Capital Expenditures -$62.41M -$196.9M -$88.85M
YoY Change 21.14% 304.56% 594.11%
Acquisitions
YoY Change
Other Investing Activities $68.52M $62.42M $228.0M
YoY Change 273.34% 860.06% 1667.66%
Cash From Investing Activities $6.108M -$134.4M $139.2M
YoY Change -118.41% 219.65% 139082.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.66M 74.33M -226.4M
YoY Change 174.22% -141.51% 376.67%
NET CHANGE
Cash From Operating Activities 73.38M 82.09M 65.15M
Cash From Investing Activities 6.108M -134.4M 139.2M
Cash From Financing Activities -96.66M 74.33M -226.4M
Net Change In Cash -17.18M 21.97M -22.09M
YoY Change -510.27% -116.58% -230.69%
FREE CASH FLOW
Cash From Operating Activities $73.38M $82.09M $65.15M
Capital Expenditures -$62.41M -$196.9M -$88.85M
Free Cash Flow $135.8M $279.0M $154.0M
YoY Change 9.39% 103.14% 99.74%

Facts In Submission

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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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sitc Noncash Or Part Noncash Mortgage Assumed And Acquisition
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
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CY2022Q1 us-gaap Stock Issued During Period Value New Issues
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CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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13955000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
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CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q1 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021Q1 us-gaap Dividends Preferred Stock
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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18863000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2171604000
CY2021Q2 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021Q2 us-gaap Stock Redeemed Or Called During Period Value
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DividendsCommonStock
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CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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us-gaap Profit Loss
ProfitLoss
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PaymentsToAcquireRealEstate
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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us-gaap Depreciation And Amortization
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ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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AmortizationAndWriteOffOfDebtIssuanceCostsAndFairMarketValueOfDebtAdjustments
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sitc Amortization And Write Off Of Debt Issuance Costs And Fair Market Value Of Debt Adjustments
AmortizationAndWriteOffOfDebtIssuanceCostsAndFairMarketValueOfDebtAdjustments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1550000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
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us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
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45326000
us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
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13908000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
4455000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
198000
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
2536000
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
7270000
sitc Assumption Of Building Due To Ground Lease Termination
AssumptionOfBuildingDueToGroundLeaseTermination
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sitc Assumption Of Building Due To Ground Lease Termination
AssumptionOfBuildingDueToGroundLeaseTermination
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Other Operating Capital Net
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AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
57743000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
106588000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
57092000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
35290000
sitc Proceeds From Disposition Of Joint Venture Interests
ProceedsFromDispositionOfJointVentureInterests
39247000
sitc Proceeds From Disposition Of Joint Venture Interests
ProceedsFromDispositionOfJointVentureInterests
0
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
21555000
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
13902000
us-gaap Payments To Acquire Interest In Joint Venture
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us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
153000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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5422000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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21453000
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repayments Of Lines Of Credit
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125000000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
100000000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Repayments Of First Mortgage Bond
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us-gaap Repayments Of First Mortgage Bond
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us-gaap Proceeds From Issuance Of Common Stock
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36857000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
225330000
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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sitc Proceeds From Repurchase Of Common Shares
ProceedsFromRepurchaseOfCommonShares
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sitc Proceeds From Repurchase Of Common Shares
ProceedsFromRepurchaseOfCommonShares
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us-gaap Payments To Minority Shareholders
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us-gaap Payments To Minority Shareholders
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us-gaap Payments Of Dividends
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us-gaap Payments Of Dividends
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us-gaap Net Cash Provided By Used In Financing Activities
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154772000
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
43252000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
74414000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
61151000
CY2021Q2 sitc Consolidation Of The Net Assets Of Unconsolidated Joint Ventures Excluding Mortgages
ConsolidationOfTheNetAssetsOfUnconsolidatedJointVenturesExcludingMortgages
0
sitc Investment In Joint Venture Related To Net Assets Acquired
InvestmentInJointVentureRelatedToNetAssetsAcquired
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sitc Investment In Joint Venture Related To Net Assets Acquired
InvestmentInJointVentureRelatedToNetAssetsAcquired
0
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
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CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
28200000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
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us-gaap Use Of Estimates
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<p style="text-indent:2.267%;font-size:10.0pt;margin-top:10.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates in Preparation of Financial Statements</span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the year. The Company considered impacts to its estimates related to COVID-19, as appropriate, within its unaudited condensed consolidated financial statements, and there may be changes to those estimates in future periods. The Company believes that its accounting estimates are appropriate after giving consideration to the uncertainties surrounding the severity and duration of the COVID-19 pandemic. Actual results could differ from those estimates. </span>
CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
53025000
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
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CY2022Q2 sitc Consolidation Of The Net Assets Of Unconsolidated Joint Ventures Excluding Mortgages
ConsolidationOfTheNetAssetsOfUnconsolidatedJointVenturesExcludingMortgages
42800000
sitc Noncash Or Part Noncash Mortgage Assumed And Acquisition
NoncashOrPartNoncashMortgageAssumedAndAcquisition
17900000
sitc Non Cash Preferred Stock Redemption Premium
NonCashPreferredStockRedemptionPremium
0
sitc Non Cash Preferred Stock Redemption Premium
NonCashPreferredStockRedemptionPremium
5100000
CY2022Q2 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
AmountOfFundsInEscrowToBeReceivedFromCanadianTaxingAuthorityPendingReceiptOfCertainTaxCertificates
0
CY2021Q2 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
AmountOfFundsInEscrowToBeReceivedFromCanadianTaxingAuthorityPendingReceiptOfCertainTaxCertificates
4100000
CY2022Q2 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
56526000
CY2021Q4 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
59286000
CY2022Q2 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
6012000
CY2021Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
2946000
CY2022Q2 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
859000
CY2021Q4 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
937000
CY2022Q2 us-gaap Due From Joint Ventures
DueFromJointVentures
3370000
CY2021Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
3331000
CY2022Q1 sitc Acquired Interest
AcquiredInterest
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CY2022Q1 sitc Number Of Properties Acquired
NumberOfPropertiesAcquired
1
CY2022Q1 sitc Purchase Price Of Assets At Company Share
PurchasePriceOfAssetsAtCompanyShare
35600000
CY2022Q1 sitc Previous Ownership Interest Stepped Up Due To Change In Control
PreviousOwnershipInterestSteppedUpDueToChangeInControl
0.20
CY2022Q2 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
4200000
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
4900000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
104110000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
94059000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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PrepaidExpenseCurrentAndNoncurrent
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CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7722000
CY2022Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
3196000
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1708000
CY2022Q2 us-gaap Deposits Assets
DepositsAssets
3108000
CY2021Q4 us-gaap Deposits Assets
DepositsAssets
3796000
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8607000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4147000
CY2022Q2 us-gaap Other Assets
OtherAssets
145963000
CY2021Q4 us-gaap Other Assets
OtherAssets
130479000
CY2022Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
63575000
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
59690000
CY2022Q2 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
7000000.0
CY2021Q2 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
5400000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
13600000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
11000000.0
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.23
CY2022Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2200000
CY2022Q1 sitc Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
35100000
CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
201800
CY2022Q2 sitc Weighted Average Forward Price Per Share
WeightedAverageForwardPricePerShare
16.03
CY2022Q2 sitc Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
3200000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
214234000
CY2022Q2 sitc Unsecured Term Loan Gross Borrowings
UnsecuredTermLoanGrossBorrowings
200000000.0
CY2022Q2 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.023
CY2022Q2 us-gaap Senior Notes
SeniorNotes
1452846000
CY2021Q4 us-gaap Senior Notes
SeniorNotes
1451768000
CY2022Q2 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
323354000
CY2021Q4 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
99810000
CY2022Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
90704000
CY2021Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
125799000
CY2022Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1866904000
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1677377000
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2500000
sitc Amount Of Fixed Purchase Price Option Tenant Exercised Pursuant To Lease Agreement
AmountOfFixedPurchasePriceOptionTenantExercisedPursuantToLeaseAgreement
7000000.0
CY2022Q2 us-gaap Profit Loss
ProfitLoss
60409000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
21987000
us-gaap Profit Loss
ProfitLoss
74364000
us-gaap Profit Loss
ProfitLoss
38168000
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
19000
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
118000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
37000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
291000
CY2022Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2021Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
5156000
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
5156000
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2789000
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2945000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5578000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8078000
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
125000
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
151000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
251000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
299000
CY2022Q2 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
57476000
CY2021Q2 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
13617000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
68498000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
24344000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
213864000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211035000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
212989000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
204819000
CY2022Q2 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
906000
CY2021Q2 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
846000
sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
1104000
sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
808000
CY2022Q2 sitc Op Units
OPUnits
141000
CY2021Q2 sitc Op Units
OPUnits
0
sitc Op Units
OPUnits
141000
sitc Op Units
OPUnits
0
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
214911000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211881000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205627000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12

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