2024 Q1 Form 10-K Financial Statement

#000095017024019352 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $122.1M $124.7M $546.3M
YoY Change -11.97% -9.99% -1.1%
Cost Of Revenue $37.28M $38.22M $165.7M
YoY Change -13.74% -9.49% -2.51%
Gross Profit $84.81M $86.45M $380.6M
YoY Change -11.17% -10.21% -0.47%
Gross Profit Margin 69.46% 69.34% 69.66%
Selling, General & Admin $11.07M $14.93M $50.87M
YoY Change 4.01% 22.79% 9.24%
% of Gross Profit 13.06% 17.27% 13.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.15M $46.93M $212.5M
YoY Change -20.12% -7.96% 4.38%
% of Gross Profit 50.88% 54.28% 55.83%
Operating Expenses $54.22M $61.86M $429.0M
YoY Change -49.74% -2.04% 1.52%
Operating Profit $30.59M $24.59M -$48.49M
YoY Change -346.53% -25.79% 20.45%
Interest Expense -$15.70M -$19.93M $82.00M
YoY Change -178.79% -0.17% 5.55%
% of Operating Profit -51.32% -81.04%
Other Income/Expense, Net -$4.063M $5.200M -$78.81M
YoY Change -80.29% -1440.21% -1.77%
Pretax Income -$23.30M $197.7M $267.8M
YoY Change -250.18% 601.71% 57.87%
Income Tax $252.0K $1.234M $2.045M
% Of Pretax Income 0.62% 0.76%
Net Earnings -$26.47M $193.3M $265.7M
YoY Change -273.2% 664.37% 57.48%
Net Earnings / Revenue -21.68% 155.07% 48.64%
Basic Earnings Per Share -$0.13 $1.21
Diluted Earnings Per Share -$0.13 $0.92 $1.21
COMMON SHARES
Basic Shares Outstanding 209.4M 209.3M 209.5M
Diluted Shares Outstanding 209.4M 209.6M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $551.3M $552.0M $552.0M
YoY Change 2102.15% 2625.23% 2625.23%
Cash & Equivalents $551.3M $552.0M $552.0M
Short-Term Investments
Other Short-Term Assets $12.94M $5.104M $5.104M
YoY Change -32.88% -24.06% -24.06%
Inventory
Prepaid Expenses
Receivables $57.16M $65.62M $65.62M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $621.4M $622.7M $622.7M
YoY Change 496.5% 585.03% 585.03%
LONG-TERM ASSETS
Property, Plant & Equipment $3.130B $3.278B $3.278B
YoY Change -17.62% -13.7% -13.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $38.61M $39.37M $39.37M
YoY Change -15.29% -11.74% -11.74%
Other Assets $10.21M $22.39M $22.39M
YoY Change 37.91% 163.82% 163.82%
Total Long-Term Assets $3.271B $3.439B $3.439B
YoY Change -17.16% -13.04% -13.04%
TOTAL ASSETS
Total Short-Term Assets $621.4M $622.7M $622.7M
Total Long-Term Assets $3.271B $3.439B $3.439B
Total Assets $3.893B $4.061B $4.061B
YoY Change -3.96% 0.4% 0.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $173.2M $158.6M $158.6M
YoY Change -11.53% -10.49% -10.49%
Accrued Expenses $37.11M $37.11M
YoY Change -1.77% -1.77%
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 $203.4M $259.5M $259.5M
YoY Change -9.96% 5.77% 5.77%
LONG-TERM LIABILITIES
Long-Term Debt $1.565B $1.626B $1.626B
YoY Change -12.18% -4.73% -4.73%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.565B $1.626B $1.626B
YoY Change -12.18% -4.73% -4.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $203.4M $259.5M $259.5M
Total Long-Term Liabilities $1.565B $1.626B $1.626B
Total Liabilities $1.769B $1.886B $1.886B
YoY Change -11.93% -3.41% -3.7%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $21.44M $21.44M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.124B $2.176B $2.176B
YoY Change
Total Liabilities & Shareholders Equity $3.893B $4.061B $4.061B
YoY Change -3.96% 0.4% 0.4%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$26.47M $193.3M $265.7M
YoY Change -273.2% 664.37% 57.48%
Depreciation, Depletion And Amortization $43.15M $46.93M $212.5M
YoY Change -20.12% -7.96% 4.38%
Cash From Operating Activities $39.95M $46.48M $238.5M
YoY Change -5.25% -10.22% -7.28%
INVESTING ACTIVITIES
Capital Expenditures $37.88M $89.93M $272.8M
YoY Change -30.49% 177.1% -39.37%
Acquisitions
YoY Change
Other Investing Activities $116.0M $707.3M $832.7M
YoY Change 3063.76% 378.78% 194.9%
Cash From Investing Activities $78.14M $617.4M $559.9M
YoY Change -253.73% 435.56% -434.15%
FINANCING ACTIVITIES
Cash Dividend Paid $63.73M $120.5M
YoY Change 109.97% 0.42%
Common Stock Issuance & Retirement, Net $26.61M
YoY Change 381.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -130.4M -158.1M -250.6M
YoY Change -1110.55% -6.9% 124.28%
NET CHANGE
Cash From Operating Activities 39.95M 46.48M 238.5M
Cash From Investing Activities 78.14M 617.4M 559.9M
Cash From Financing Activities -130.4M -158.1M -250.6M
Net Change In Cash -12.31M 505.8M 547.8M
YoY Change -390.06% -18240.96% -2585.78%
FREE CASH FLOW
Cash From Operating Activities $39.95M $46.48M $238.5M
Capital Expenditures $37.88M $89.93M $272.8M
Free Cash Flow $2.074M -$43.44M -$34.27M
YoY Change -116.83% -324.83% -82.21%

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CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2023 sitc Other Comprehensive Income Loss Change In Cash Flow Hedges Reclassed To Earnings Net Of Tax
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CY2022 sitc Other Comprehensive Income Loss Change In Cash Flow Hedges Reclassed To Earnings Net Of Tax
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CY2021 sitc Other Comprehensive Income Loss Change In Cash Flow Hedges Reclassed To Earnings Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Stock Issued During Period Value New Issues
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CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022 us-gaap Stock Issued During Period Value New Issues
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021 us-gaap Profit Loss
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CY2021 us-gaap Depreciation And Amortization
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CY2023 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2023 sitc Amortization And Write Off Of Debt Issuance Costs And Fair Market Value Of Debt Adjustments
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CY2022 sitc Amortization And Write Off Of Debt Issuance Costs And Fair Market Value Of Debt Adjustments
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CY2021 sitc Amortization And Write Off Of Debt Issuance Costs And Fair Market Value Of Debt Adjustments
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CY2022 us-gaap Derivative Gain Loss On Derivative Net
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CY2021 us-gaap Derivative Gain Loss On Derivative Net
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CY2021 us-gaap Income Loss From Equity Method Investments
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CY2022 us-gaap Equity Method Investment Dividends Or Distributions
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CY2021 us-gaap Equity Method Investment Dividends Or Distributions
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CY2021 us-gaap Gain Loss On Sale Of Properties
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CY2022 us-gaap Asset Impairment Charges
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CY2021 us-gaap Asset Impairment Charges
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CY2023 sitc Assumption Of Buildings Due To Ground Lease Terminations
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CY2022 sitc Assumption Of Buildings Due To Ground Lease Terminations
AssumptionOfBuildingsDueToGroundLeaseTerminations
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CY2021 sitc Assumption Of Buildings Due To Ground Lease Terminations
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Other Operating Capital Net
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CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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CY2022 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Real Estate
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CY2023 us-gaap Payments To Develop Real Estate Assets
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CY2022 us-gaap Payments To Develop Real Estate Assets
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CY2021 sitc Proceeds From Disposition Of Joint Venture Interests
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CY2023 sitc Distributions Received
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CY2022 sitc Distributions Received
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CY2021 sitc Distributions Received
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CY2023 us-gaap Payments To Acquire Interest In Joint Venture
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CY2021 us-gaap Payments To Acquire Interest In Joint Venture
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CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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CY2023 sitc Repayments Of Joint Venture Advances
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CY2022 sitc Repayments Of Joint Venture Advances
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CY2021 sitc Repayments Of Joint Venture Advances
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CY2023 sitc Payment Of Swaption Agreement Fees
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CY2022 sitc Payment Of Swaption Agreement Fees
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CY2021 sitc Payment Of Swaption Agreement Fees
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
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CY2022 sitc Proceeds From Mortgage Debt
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CY2021 sitc Proceeds From Mortgage Debt
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CY2022 us-gaap Payments Of Loan Costs
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CY2022 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2022 us-gaap Repayments Of Senior Debt
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CY2022 sitc Repayments Of Term Loan And Mortgage Debt
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CY2021 sitc Repayments Of Term Loan And Mortgage Debt
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 sitc Proceeds From Repurchase Of Common Shares
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CY2021 sitc Proceeds From Repurchase Of Common Shares
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CY2023 sitc Payment For Acquisition Of Non Controlling Interest
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CY2022 sitc Payment For Acquisition Of Non Controlling Interest
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CY2021 sitc Payment For Acquisition Of Non Controlling Interest
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CY2023 sitc Operating Partnership Unit Redemption Value
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CY2022 sitc Operating Partnership Unit Redemption Value
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CY2021 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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CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:2.267%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates in Preparation of Financial Statements</span></p><span style="color:#000000;white-space:pre-wrap;font-size:10pt;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. Actual results could differ from those estimates. </span>
CY2023Q4 sitc Consolidation Of The Net Assets Of Unconsolidated Joint Ventures Excluding Mortgages
ConsolidationOfTheNetAssetsOfUnconsolidatedJointVenturesExcludingMortgages
0
CY2022Q4 sitc Consolidation Of The Net Assets Of Unconsolidated Joint Ventures Excluding Mortgages
ConsolidationOfTheNetAssetsOfUnconsolidatedJointVenturesExcludingMortgages
42800000
CY2021Q4 sitc Consolidation Of The Net Assets Of Unconsolidated Joint Ventures Excluding Mortgages
ConsolidationOfTheNetAssetsOfUnconsolidatedJointVenturesExcludingMortgages
132300000
CY2023 sitc Noncash Portion Of Redemption Of Op Units
NoncashPortionOfRedemptionOfOpUnits
4100000
CY2022 sitc Noncash Portion Of Redemption Of Op Units
NoncashPortionOfRedemptionOfOpUnits
0
CY2021 sitc Noncash Portion Of Redemption Of Op Units
NoncashPortionOfRedemptionOfOpUnits
2100000
CY2023 sitc Net Assets Acquired From An Unconsolidated Joint Venture
NetAssetsAcquiredFromAnUnconsolidatedJointVenture
0
CY2022 sitc Net Assets Acquired From An Unconsolidated Joint Venture
NetAssetsAcquiredFromAnUnconsolidatedJointVenture
8500000
CY2021 sitc Net Assets Acquired From An Unconsolidated Joint Venture
NetAssetsAcquiredFromAnUnconsolidatedJointVenture
11600000
CY2023 sitc Noncash Or Part Noncash Mortgage Assumed Of Unconsolidated Joint Ventures
NoncashOrPartNoncashMortgageAssumedOfUnconsolidatedJointVentures
0
CY2022 sitc Noncash Or Part Noncash Mortgage Assumed Of Unconsolidated Joint Ventures
NoncashOrPartNoncashMortgageAssumedOfUnconsolidatedJointVentures
0
CY2021 sitc Noncash Or Part Noncash Mortgage Assumed Of Unconsolidated Joint Ventures
NoncashOrPartNoncashMortgageAssumedOfUnconsolidatedJointVentures
73900000
CY2023 sitc Noncash Or Part Noncash Mortgage Assumed And Acquisition
NoncashOrPartNoncashMortgageAssumedAndAcquisition
0
CY2022 sitc Noncash Or Part Noncash Mortgage Assumed And Acquisition
NoncashOrPartNoncashMortgageAssumedAndAcquisition
0
CY2021 sitc Noncash Or Part Noncash Mortgage Assumed And Acquisition
NoncashOrPartNoncashMortgageAssumedAndAcquisition
17900000
CY2023 sitc Accrued Liabilities For Sold Properties
AccruedLiabilitiesForSoldProperties
5400000
CY2022 sitc Accrued Liabilities For Sold Properties
AccruedLiabilitiesForSoldProperties
0
CY2021 sitc Accrued Liabilities For Sold Properties
AccruedLiabilitiesForSoldProperties
0
CY2023 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
7000000
CY2022 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
12200000
CY2021 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
13400000
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
63800000
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
30400000
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
28200000
CY2023Q4 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
AmountOfFundsInEscrowToBeReceivedFromCanadianTaxingAuthorityPendingReceiptOfCertainTaxCertificates
0
CY2022Q4 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
AmountOfFundsInEscrowToBeReceivedFromCanadianTaxingAuthorityPendingReceiptOfCertainTaxCertificates
0
CY2021Q4 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
AmountOfFundsInEscrowToBeReceivedFromCanadianTaxingAuthorityPendingReceiptOfCertainTaxCertificates
2100000
CY2023 sitc Non Cash Preferred Stock Redemption Premium
NonCashPreferredStockRedemptionPremium
0
CY2022 sitc Non Cash Preferred Stock Redemption Premium
NonCashPreferredStockRedemptionPremium
0
CY2021 sitc Non Cash Preferred Stock Redemption Premium
NonCashPreferredStockRedemptionPremium
5100000
CY2023 sitc Capitalized Costs
CapitalizedCosts
3200000
CY2022 sitc Capitalized Costs
CapitalizedCosts
4000000
CY2021 sitc Capitalized Costs
CapitalizedCosts
3100000
CY2023 sitc Sales Price Of Real Estate Assets
SalesPriceOfRealEstateAssets
854500000
CY2022 sitc Sales Price Of Real Estate Assets
SalesPriceOfRealEstateAssets
213600000
CY2023Q4 sitc Number Of Shopping Centers Sold
NumberOfShoppingCentersSold
17
CY2022Q4 sitc Number Of Shopping Centers Sold
NumberOfShoppingCentersSold
5
CY2023 sitc Gain On Dispositions
GainOnDispositions
219000000
CY2022 sitc Gain On Dispositions
GainOnDispositions
46600000
CY2021 sitc Sales Price Of Real Estate Assets
SalesPriceOfRealEstateAssets
31200000
CY2021 sitc Gain On Dispositions
GainOnDispositions
6100000
CY2023 us-gaap Interest Paid
InterestPaid
76300000
CY2022 us-gaap Interest Paid
InterestPaid
71300000
CY2021 us-gaap Interest Paid
InterestPaid
70200000
CY2023 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1200000
CY2022 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1100000
CY2021 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
600000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
700000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1500000
CY2023Q4 sitc Allowance For Doubtful Accounts Straight Line Rent Receivable
AllowanceForDoubtfulAccountsStraightLineRentReceivable
1400000
CY2022Q4 sitc Allowance For Doubtful Accounts Straight Line Rent Receivable
AllowanceForDoubtfulAccountsStraightLineRentReceivable
1700000
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
29200000
CY2022Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
31900000
CY2023 sitc Annual Asset Management Fee Earned
AnnualAssetManagementFeeEarned
200000
CY2022 sitc Annual Asset Management Fee Earned
AnnualAssetManagementFeeEarned
500000
CY2021 sitc Annual Asset Management Fee Earned
AnnualAssetManagementFeeEarned
6800000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6272000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10556000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
38752000
CY2023 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
2937000
CY2022 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
4691000
CY2021 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
3313000
CY2023 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
9209000
CY2022 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
15247000
CY2021 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
42065000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7100000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6800000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13000000
CY2023 us-gaap Factors Used To Identify Entitys Reportable Segments
FactorsUsedToIdentifyEntitysReportableSegments
The Company’s chief operating decision maker may review operational and financial data on a property basis and does not differentiate among properties on a geographical basis for purposes of allocating resources or capital. The Company evaluates individual property performance primarily based on net operating income before depreciation, amortization and certain nonrecurring items. Each consolidated property is considered a separate operating segment; however, each shopping center, on a stand-alone basis, represents less than 10% of revenues, profit or loss, and assets of the combined reported operating segment and meets the majority of the aggregations criteria under the applicable standard.
CY2023Q4 sitc Business Acquisitions Cost Of Acquired Entity Purchase Price Gross
BusinessAcquisitionsCostOfAcquiredEntityPurchasePriceGross
165100000
CY2022Q4 sitc Business Acquisitions Cost Of Acquired Entity Purchase Price Gross
BusinessAcquisitionsCostOfAcquiredEntityPurchasePriceGross
342500000
CY2022 sitc Fair Value Inputs Discounts Rate
FairValueInputsDiscountsRate
0.08
CY2022 sitc Fair Value Input Cap Rate
FairValueInputCapRate
0.06
CY2023 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
6300000
CY2022 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
18400000
CY2021 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
3900000
CY2023Q4 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
35782000
CY2022Q4 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
42644000
CY2023Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
1099000
CY2022Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
-707000
CY2023Q4 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
136000
CY2022Q4 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
301000
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
39372000
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
44608000
CY2023 sitc Income Loss From Equity Method Investments Before Amortization Of Basis Differentials
IncomeLossFromEquityMethodInvestmentsBeforeAmortizationOfBasisDifferentials
4581000
CY2022 sitc Income Loss From Equity Method Investments Before Amortization Of Basis Differentials
IncomeLossFromEquityMethodInvestmentsBeforeAmortizationOfBasisDifferentials
22262000
CY2021 sitc Income Loss From Equity Method Investments Before Amortization Of Basis Differentials
IncomeLossFromEquityMethodInvestmentsBeforeAmortizationOfBasisDifferentials
49417000
CY2023 sitc Amortization Of Basis Differentials
AmortizationOfBasisDifferentials
1996000
CY2022 sitc Amortization Of Basis Differentials
AmortizationOfBasisDifferentials
5630000
CY2021 sitc Amortization Of Basis Differentials
AmortizationOfBasisDifferentials
-2120000
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6577000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
27892000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
47297000
CY2023 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
700000
CY2022 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
1000000
CY2021 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
1700000
CY2023 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
6800000
CY2022 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
10600000
CY2021 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
14500000
CY2023 sitc Company Share Of Gain On Sale Of Joint Venture Assets
CompanyShareOfGainOnSaleOfJointVentureAssets
6700000
CY2022 sitc Company Share Of Gain On Sale Of Joint Venture Assets
CompanyShareOfGainOnSaleOfJointVentureAssets
27000000.0
CY2021 sitc Company Share Of Gain On Sale Of Joint Venture Assets
CompanyShareOfGainOnSaleOfJointVentureAssets
36600000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
68990000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
87748000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17373000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18197000
CY2023Q4 sitc Loan Commitment Fees
LoanCommitmentFees
13485000
CY2022Q4 sitc Loan Commitment Fees
LoanCommitmentFees
0
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
5104000
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
6721000
CY2023Q4 sitc Swap Receivable
SwapReceivable
11115000
CY2022Q4 sitc Swap Receivable
SwapReceivable
8138000
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2294000
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
3491000
CY2023Q4 us-gaap Deposits Assets
DepositsAssets
2857000
CY2022Q4 us-gaap Deposits Assets
DepositsAssets
3188000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5325000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7526000
CY2023Q4 us-gaap Other Assets
OtherAssets
126543000
CY2022Q4 us-gaap Other Assets
OtherAssets
135009000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
46096000
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
59825000
CY2023 sitc Write Off Of Below Market Leases Termination
WriteOffOfBelowMarketLeasesTermination
8600000
CY2023 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
22700000
CY2022 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
27500000
CY2021 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
21600000
CY2023Q4 sitc Future Amortization Income Next Twelve Months
FutureAmortizationIncomeNextTwelveMonths
4000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
18100000
CY2023Q4 sitc Future Amortization Income Year Two
FutureAmortizationIncomeYearTwo
4000000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
12700000
CY2023Q4 sitc Future Amortization Income Year Three
FutureAmortizationIncomeYearThree
3800000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8800000
CY2023Q4 sitc Future Amortization Income Year Four
FutureAmortizationIncomeYearFour
3700000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6300000
CY2023Q4 sitc Future Amortization Income Year Five
FutureAmortizationIncomeYearFive
3500000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
4800000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17373000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18197000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
37108000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
37777000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
401003000
CY2023 us-gaap Lease Cost
LeaseCost
4512000
CY2022 us-gaap Lease Cost
LeaseCost
4809000
CY2021 us-gaap Lease Cost
LeaseCost
5050000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P35Y1M6D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P35Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.075
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.074
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
3598000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4227000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
3737000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
3801000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
3902000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
3832000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
3869000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
103662000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
122803000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
85695000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
37108000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
336005000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
298194000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
262979000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
221243000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
163889000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
443476000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1725786000
CY2023 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The fixed-rate senior notes were issued pursuant to indentures that contain certain covenants, including limitations on incurrence of debt, maintenance of unencumbered real estate assets and debt service coverage. The covenants also provide that the cumulative dividends declared or paid from December 31, 1993, through the end of the current period cannot exceed Funds From Operations (as defined in the agreement) plus an additional $20.0 million for the same period unless required to maintain REIT status. Interest is paid semiannually in arrears. At December 31, 2023 and 2022, the Company was in compliance with all of the financial covenants under the indentures.
CY2023 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
At December 31, 2023 and 2022, the Company was in compliance with all of the financial covenants under the indentures.
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
684000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
483508000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
651581000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
94633000
CY2023Q4 sitc Long Term Debt Maturing Net Before Fair Market Value Of Debt Adjustment
LongTermDebtMaturingNetBeforeFairMarketValueOfDebtAdjustment
1631409000
CY2023Q4 sitc Long Term Debt Fair Market Value Of Debt Adjustment
LongTermDebtFairMarketValueOfDebtAdjustment
201000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5335000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1626275000
CY2023 sitc Gross Fees Paid For Revolving Credit Facilities And Term Loans
GrossFeesPaidForRevolvingCreditFacilitiesAndTermLoans
2100000
CY2022 sitc Gross Fees Paid For Revolving Credit Facilities And Term Loans
GrossFeesPaidForRevolvingCreditFacilitiesAndTermLoans
2200000
CY2021 sitc Gross Fees Paid For Revolving Credit Facilities And Term Loans
GrossFeesPaidForRevolvingCreditFacilitiesAndTermLoans
2100000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
11100000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
8100000
CY2023Q4 us-gaap Senior Notes
SeniorNotes
1303243000
CY2022Q4 us-gaap Senior Notes
SeniorNotes
1453923000
CY2023Q4 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
198856000
CY2022Q4 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
198521000
CY2023Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
124176000
CY2022Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
54577000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1626275000
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1707021000
CY2023Q4 sitc Commitments For Construction Of Properties
CommitmentsForConstructionOfProperties
6700000
CY2023 sitc Number Of Properties Sold
NumberOfPropertiesSold
2
CY2023Q4 sitc Construction Maintenance Obligations
ConstructionMaintenanceObligations
5400000
CY2023Q4 sitc Commitments For Maintenance Gen Exp Of Properties
CommitmentsForMaintenanceGenExpOfProperties
3400000
CY2023Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
12900000
CY2022 sitc Impairment Charges Including Discontinued Operations And Investment
ImpairmentChargesIncludingDiscontinuedOperationsAndInvestment
2500000
CY2021 sitc Impairment Charges Including Discontinued Operations And Investment
ImpairmentChargesIncludingDiscontinuedOperationsAndInvestment
7300000
CY2022 sitc Amount Of Fixed Purchase Price Option Tenant Exercised Pursuant To Lease Agreement
AmountOfFixedPurchasePriceOptionTenantExercisedPursuantToLeaseAgreement
7000000
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.47
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.68
CY2023 sitc Special Cash Dividends Per Common Stock Declared
SpecialCashDividendsPerCommonStockDeclared
0.16
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
17250000
CY2021 sitc Weighted Average Common Share Price Per Share
WeightedAverageCommonSharePricePerShare
13.06
CY2021 sitc Net Proceeds From Issuance Of Common Stock
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100000000
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1700000
CY2021 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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-1000
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-2683000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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2682000
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9415000
CY2022 sitc Amounts Reclassified From Accumulated Other Comprehensive Income To Interest Expense
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377000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9038000
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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416000
CY2023 sitc Amounts Reclassified From Accumulated Other Comprehensive Income To Interest Expense
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3333000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
7300000
CY2022 sitc Impairment Of Long Lived Asset Sold To Tenant
ImpairmentOfLongLivedAssetSoldToTenant
2500000
CY2021 sitc Impairment Of Long Lived Asset Sold To Tenant
ImpairmentOfLongLivedAssetSoldToTenant
0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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1700000
CY2023 us-gaap Stock Issued During Period Shares Share Based Compensation
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100000
CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
100000
CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
100000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
200000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
200000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
300000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.36
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.31
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.96
CY2023 us-gaap Profit Loss
ProfitLoss
265721000
CY2022 us-gaap Profit Loss
ProfitLoss
168792000
CY2021 us-gaap Profit Loss
ProfitLoss
125416000
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
73000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
481000
CY2023 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2022 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2021 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
5156000
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11156000
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11156000
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
13656000
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
606000
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
484000
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
572000
CY2023 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
253941000
CY2022 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
157079000
CY2021 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
105551000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209459000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
212998000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
208004000
CY2023 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
162000
CY2022 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
744000
CY2021 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
973000
CY2023 sitc Forward Equity
ForwardEquity
0
CY2022 sitc Forward Equity
ForwardEquity
0
CY2021 sitc Forward Equity
ForwardEquity
25000
CY2023 sitc Op Units
OPUnits
0
CY2022 sitc Op Units
OPUnits
141000
CY2021 sitc Op Units
OPUnits
141000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209621000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
213883000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209143000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2021 sitc Common Shares To Be Issued Through Forward Equity Agreement Included In Computation Of Diluted Eps
CommonSharesToBeIssuedThroughForwardEquityAgreementIncludedInComputationOfDilutedEPS
2200000
CY2023 sitc Percentage Of Distributed Taxable Income To Qualify As Reit
PercentageOfDistributedTaxableIncomeToQualifyAsREIT
0.90
CY2023 sitc Period For Which Company Distributed Sufficient Taxable Income
PeriodForWhichCompanyDistributedSufficientTaxableIncome
P3Y
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2023 sitc Federal Excise Taxes
FederalExciseTaxes
0
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2022 sitc Federal Excise Taxes
FederalExciseTaxes
0
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2021 sitc Federal Excise Taxes
FederalExciseTaxes
0
CY2023 sitc Net Tax Payment Made
NetTaxPaymentMade
1800000
CY2022 sitc Net Tax Payment Made
NetTaxPaymentMade
600000
CY2021 sitc Net Tax Payment Made
NetTaxPaymentMade
600000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
265703000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
168719000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
124935000
CY2023 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
57471000
CY2022 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
60732000
CY2021 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
-476000
CY2023 sitc Taxable Income Loss Before Adjustments
TaxableIncomeLossBeforeAdjustments
208232000
CY2022 sitc Taxable Income Loss Before Adjustments
TaxableIncomeLossBeforeAdjustments
107987000
CY2021 sitc Taxable Income Loss Before Adjustments
TaxableIncomeLossBeforeAdjustments
125411000
CY2023 sitc Net Operating Loss Carryforward
NetOperatingLossCarryforward
54466000
CY2022 sitc Net Operating Loss Carryforward
NetOperatingLossCarryforward
0
CY2021 sitc Net Operating Loss Carryforward
NetOperatingLossCarryforward
28576000
CY2023 sitc Capital Gains
CapitalGains
0
CY2022 sitc Capital Gains
CapitalGains
7664000
CY2021 sitc Capital Gains
CapitalGains
0
CY2023 sitc Percentage Of Distributed Taxable Income To Qualify As Reit
PercentageOfDistributedTaxableIncomeToQualifyAsREIT
0.90
CY2023 sitc Taxable Income
TaxableIncome
153766000
CY2022 sitc Taxable Income
TaxableIncome
100323000
CY2021 sitc Taxable Income
TaxableIncome
96835000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
19688000
CY2023Q4 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
1570377000
CY2022Q4 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
1652899000
CY2021Q4 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
1571569000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
901192000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
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2979113000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
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938794000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
3892365000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
4831159000
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1570377000
CY2023Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
3260782000
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
125651000
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
5000000000
CY2023Q4 sitc Real Estate Land Under Development
RealEstateLandUnderDevelopment
8300000
CY2023Q4 sitc Real Estate Construction In Progress
RealEstateConstructionInProgress
43100000
CY2023Q4 sitc Fair Market Value Of Debt Adjustments And Unamortized Debt Issuance Costs
FairMarketValueOfDebtAdjustmentsAndUnamortizedDebtIssuanceCosts
1500000
CY2022Q4 sitc Real Estate Owned At Carrying Value
RealEstateOwnedAtCarryingValue
5433159000
CY2021Q4 sitc Real Estate Owned At Carrying Value
RealEstateOwnedAtCarryingValue
5238881000
CY2020Q4 sitc Real Estate Owned At Carrying Value
RealEstateOwnedAtCarryingValue
4989388000
CY2023 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
156154000
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
328898000
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
215998000
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
105891000
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
113876000
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
84130000
CY2023 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
2536000
CY2021 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
7270000
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
864045000
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
245960000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
43365000
CY2023Q4 sitc Real Estate Owned At Carrying Value
RealEstateOwnedAtCarryingValue
4831159000
CY2022Q4 sitc Real Estate Owned At Carrying Value
RealEstateOwnedAtCarryingValue
5433159000
CY2021Q4 sitc Real Estate Owned At Carrying Value
RealEstateOwnedAtCarryingValue
5238881000
CY2022Q4 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
1652899000
CY2021Q4 us-gaap Real Estate Owned Accumulated Depreciation
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1571569000
CY2020Q4 us-gaap Real Estate Owned Accumulated Depreciation
RealEstateOwnedAccumulatedDepreciation
1427057000
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
189785000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
176047000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
164200000
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
272307000
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
94717000

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