2024 Q3 Form 10-Q Financial Statement

#000095017024088552 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $90.76M $115.7M
YoY Change -37.3% -16.28%
Cost Of Revenue $28.36M $35.40M
YoY Change -31.72% -17.21%
Gross Profit $62.41M $80.27M
YoY Change -39.54% -15.86%
Gross Profit Margin 68.76% 69.4%
Selling, General & Admin $15.11M $12.71M
YoY Change 34.21% -9.39%
% of Gross Profit 24.21% 15.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.25M $40.44M
YoY Change -35.16% -31.11%
% of Gross Profit 54.88% 50.38%
Operating Expenses $77.72M $88.55M
YoY Change -26.41% 21.75%
Operating Profit -$15.31M -$8.279M
YoY Change 543.51% -136.51%
Interest Expense -$1.627M $18.43M
YoY Change -107.69% -213.02%
% of Operating Profit
Other Income/Expense, Net -$58.36M -$24.64M
YoY Change 167.26% 3786.44%
Pretax Income $323.2M $238.5M
YoY Change 561.14% 4073.68%
Income Tax $199.0K $281.0K
% Of Pretax Income 0.06% 0.12%
Net Earnings $323.0M $238.2M
YoY Change 563.94% 9522.17%
Net Earnings / Revenue 355.82% 205.97%
Basic Earnings Per Share $6.09 $1.12
Diluted Earnings Per Share $6.07 $1.11
COMMON SHARES
Basic Shares Outstanding 209.6M 209.5M
Diluted Shares Outstanding 52.55M 211.3M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.063B $1.181B
YoY Change 3902.59% 4112.73%
Cash & Equivalents $1.063B $1.181B
Short-Term Investments
Other Short-Term Assets $7.965M
YoY Change -22.13%
Inventory
Prepaid Expenses
Receivables $38.84M $48.17M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.102B $1.237B
YoY Change 974.1% 1141.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.873B $2.665B
YoY Change -50.03% -30.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $32.18M $32.58M
YoY Change -21.19% -19.68%
Other Assets $32.05M $8.517M
YoY Change -24.73% 22.07%
Total Long-Term Assets $2.025B $2.808B
YoY Change -48.37% -29.11%
TOTAL ASSETS
Total Short-Term Assets $1.102B $1.237B
Total Long-Term Assets $2.025B $2.808B
Total Assets $3.127B $4.046B
YoY Change -22.31% -0.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.5M $167.7M
YoY Change -17.59% -20.51%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $174.3M $197.8M
YoY Change -26.83% -17.91%
LONG-TERM LIABILITIES
Long-Term Debt $300.8M $1.514B
YoY Change -82.71% -15.69%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $300.8M $1.514B
YoY Change -82.71% -15.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $174.3M $197.8M
Total Long-Term Liabilities $300.8M $1.514B
Total Liabilities $475.2M $1.711B
YoY Change -75.98% -15.95%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $5.247M $21.44M
YoY Change -75.52% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.652B $2.334B
YoY Change
Total Liabilities & Shareholders Equity $3.127B $4.046B
YoY Change -22.31% -0.38%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $323.0M $238.2M
YoY Change 563.94% 9522.17%
Depreciation, Depletion And Amortization $34.25M $40.44M
YoY Change -35.16% -31.11%
Cash From Operating Activities $36.76M $66.49M
YoY Change -43.67% -21.43%
INVESTING ACTIVITIES
Capital Expenditures $162.4M $83.69M
YoY Change 185.8% 16.94%
Acquisitions
YoY Change
Other Investing Activities $1.286B $731.6M
YoY Change 1045.85% 7651.24%
Cash From Investing Activities $1.124B $647.9M
YoY Change 1927.19% -1142.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.262B -85.50M
YoY Change 1367.15% 341.5%
NET CHANGE
Cash From Operating Activities 36.76M 66.49M
Cash From Investing Activities 1.124B 647.9M
Cash From Financing Activities -1.262B -85.50M
Net Change In Cash -101.5M 628.9M
YoY Change -392.64% 19965.73%
FREE CASH FLOW
Cash From Operating Activities $36.76M $66.49M
Capital Expenditures $162.4M $83.69M
Free Cash Flow -$125.6M -$17.20M
YoY Change -1589.13% -231.69%

Facts In Submission

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us-gaap Profit Loss
ProfitLoss
20655000
CY2024Q2 sitc Other Comprehensive Income Loss Change In Cash Flow Hedges Reclassed To Earnings Net Of Tax
OtherComprehensiveIncomeLossChangeInCashFlowHedgesReclassedToEarningsNetOfTax
151000
CY2023Q2 sitc Other Comprehensive Income Loss Change In Cash Flow Hedges Reclassed To Earnings Net Of Tax
OtherComprehensiveIncomeLossChangeInCashFlowHedgesReclassedToEarningsNetOfTax
-4287000
sitc Other Comprehensive Income Loss Change In Cash Flow Hedges Reclassed To Earnings Net Of Tax
OtherComprehensiveIncomeLossChangeInCashFlowHedgesReclassedToEarningsNetOfTax
-2451000
sitc Other Comprehensive Income Loss Change In Cash Flow Hedges Reclassed To Earnings Net Of Tax
OtherComprehensiveIncomeLossChangeInCashFlowHedgesReclassedToEarningsNetOfTax
-1087000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-151000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4287000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2451000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1087000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
238094000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9640000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
217144000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
21742000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
18000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
238094000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9640000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
217144000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
21724000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2175543000
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-488000
CY2024Q1 us-gaap Dividends Common Stock
DividendsCommonStock
27372000
CY2024Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
2789000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-20950000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2123944000
CY2024Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
2231000
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
27381000
CY2024Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
2789000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
238094000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2334099000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2092622000
CY2023Q1 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
6000
CY2023Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
26611000
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-3009000
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
18000
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
27292000
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
2789000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
12102000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2045011000
CY2023Q2 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
7000
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1858000
CY2023Q2 sitc Operating Partnership Units Redemption Value
OperatingPartnershipUnitsRedemptionValue
1735000
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
27294000
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
2789000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9640000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2024698000
us-gaap Profit Loss
ProfitLoss
214693000
us-gaap Profit Loss
ProfitLoss
20655000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
83589000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
112714000
us-gaap Share Based Compensation
ShareBasedCompensation
4288000
us-gaap Share Based Compensation
ShareBasedCompensation
3635000
sitc Amortization And Write Off Of Debt Issuance Costs And Fair Market Value Of Debt Adjustments
AmortizationAndWriteOffOfDebtIssuanceCostsAndFairMarketValueOfDebtAdjustments
11502000
sitc Amortization And Write Off Of Debt Issuance Costs And Fair Market Value Of Debt Adjustments
AmortizationAndWriteOffOfDebtIssuanceCostsAndFairMarketValueOfDebtAdjustments
2206000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1037000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-5166000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
78000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5977000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
258000
us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss
2669000
us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss
3749000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
265030000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
183000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
66600000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
sitc Assumption Of Building Due To Ground Lease Termination
AssumptionOfBuildingDueToGroundLeaseTermination
2678000
sitc Assumption Of Building Due To Ground Lease Termination
AssumptionOfBuildingDueToGroundLeaseTermination
0
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7457000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3250000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2931000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1623000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
12429000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4389000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-108250000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
106142000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
106443000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
126797000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
82147000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
74783000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
39423000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
51278000
sitc Proceeds From Sale Of Joint Venture Interests
ProceedsFromSaleOfJointVentureInterests
0
sitc Proceeds From Sale Of Joint Venture Interests
ProceedsFromSaleOfJointVentureInterests
3405000
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
846963000
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
0
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
916000
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
86000
sitc Repayments Of Joint Venture Advances Net
RepaymentsOfJointVentureAdvancesNet
-730000
sitc Repayments Of Joint Venture Advances Net
RepaymentsOfJointVentureAdvancesNet
-318000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
800000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
9468000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
726007000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-112956000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
175000000
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
6632000
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
0
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
87101000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
87209000
sitc Repayments Of Term Loan And Mortgage Debt
RepaymentsOfTermLoanAndMortgageDebt
25651000
sitc Repayments Of Term Loan And Mortgage Debt
RepaymentsOfTermLoanAndMortgageDebt
625000
sitc Proceeds From Repurchase Of Common Shares
ProceedsFromRepurchaseOfCommonShares
-2656000
sitc Proceeds From Repurchase Of Common Shares
ProceedsFromRepurchaseOfCommonShares
-4844000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26611000
sitc Repurchase Of Operating Units
RepurchaseOfOperatingUnits
0
sitc Repurchase Of Operating Units
RepurchaseOfOperatingUnits
1735000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
37000
us-gaap Payments Of Dividends
PaymentsOfDividends
93863000
us-gaap Payments Of Dividends
PaymentsOfDividends
60401000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-215903000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6462000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
616547000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
7379000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
569031000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
21214000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1185578000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28593000
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>
CY2024Q2 sitc Sales Price Of Real Estate Assets
SalesPriceOfRealEstateAssets
764200000
sitc Sales Price Of Real Estate Assets
SalesPriceOfRealEstateAssets
883600000
CY2024Q2 sitc Number Of Shopping Centers Sold During Quarter
NumberOfShoppingCentersSoldDuringQuarter
12
sitc Number Of Shopping Centers Sold During Quarter
NumberOfShoppingCentersSoldDuringQuarter
15
CY2024Q2 sitc Number Of Parcel At A Wholly Owned Shopping Center
NumberOfParcelAtAWhollyOwnedShoppingCenter
1
sitc Number Of Parcel At A Wholly Owned Shopping Center
NumberOfParcelAtAWhollyOwnedShoppingCenter
1
CY2024Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
233300000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
265000000
CY2023Q2 sitc Number Of Shopping Centers Sold During Quarter
NumberOfShoppingCentersSoldDuringQuarter
0
sitc Number Of Shopping Centers Sold During Quarter
NumberOfShoppingCentersSoldDuringQuarter
0
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
30200000
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
30100000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
5900000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
12400000
sitc Noncash Portion Of Redemption Of Op Units
NoncashPortionOfRedemptionOfOpUnits
0
sitc Noncash Portion Of Redemption Of Op Units
NoncashPortionOfRedemptionOfOpUnits
4100000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2700000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0
CY2024Q2 sitc Business Acquisition Costs Of Acquired Entity Purchase Price Gross
BusinessAcquisitionCostsOfAcquiredEntityPurchasePriceGross
92560000
CY2024Q2 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
900000
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
1000000
sitc Schedule Of Reconciliation Of Consolidated Joint Venture Equity
ScheduleOfReconciliationOfConsolidatedJointVentureEquity
<p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">A reconciliation of the consolidated joint venture equity is as follows (in thousands):</span></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:65.573%;"></td> <td style="width:1%;"></td> <td style="width:14.423%;"></td> <td style="width:1%;"></td> <td style="width:1.58%;"></td> <td style="width:1%;"></td> <td style="width:14.423%;"></td> <td style="width:1%;"></td> </tr> <tr style="height:8pt;background-color:#ffffff;white-space:pre-wrap;word-break:break-word;"> <td style="vertical-align:bottom;"><p style="font-size:8.5pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:left;"><p style="font-size:8pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">June 30, 2024</span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;text-align:left;"><p style="font-size:8pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="vertical-align:bottom;text-align:left;"><p style="font-size:8pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:left;"><p style="font-size:8pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;min-width:fit-content;">December 31, 2023</span></p></td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;text-align:left;"><p style="font-size:8pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:center;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Company's share of accumulated equity</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;min-width:fit-content;">$</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">28,220</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:8.5pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;min-width:fit-content;">$</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">35,782</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Basis differentials</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">2,329</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:8.5pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">1,099</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Deferred leasing and development fees, net of portion related to the Company's interest</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:8pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="font-size:8pt;color:#000000;white-space:pre-wrap;min-width:fit-content;">—</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:8pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:8.5pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">(</span><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">136</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;min-width:fit-content;">)</span></p></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Amounts payable to the Company</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">2,027</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:8.5pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:0.5pt solid #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">2,627</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">Investments in and Advances to Joint Ventures, net</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;min-width:fit-content;">$</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:2.25pt double #000000;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">32,576</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;"><p style="font-size:8.5pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="white-space:pre-wrap;min-width:fit-content;"> </span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #000000;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;min-width:fit-content;">$</span></p></td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:2.25pt double #000000;text-align:center;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><span style="color:#000000;white-space:pre-wrap;min-width:fit-content;">39,372</span></p></td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #ffffff03;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="min-width:fit-content;"> </span></p></td> </tr> </table>
CY2024Q2 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
28220000
CY2023Q4 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
35782000
CY2024Q2 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
2329000
CY2023Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
1099000
CY2024Q2 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Leasing And Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredLeasingAndDevelopmentFeesNetOfPortionRelatingToCompanyInterest
0
CY2023Q4 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Leasing And Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredLeasingAndDevelopmentFeesNetOfPortionRelatingToCompanyInterest
136000
CY2024Q2 us-gaap Other Receivables
OtherReceivables
2027000
CY2023Q4 us-gaap Other Receivables
OtherReceivables
2627000
CY2024Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
32576000
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
39372000
CY2024Q2 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
1400000
sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
2800000
CY2023Q2 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
1700000
sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
3500000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
261275000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
185202000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
76073000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16350000
CY2024Q2 sitc Loan Commitment Fees
LoanCommitmentFees
10864000
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7965000
CY2024Q2 sitc Swap Receivables
SwapReceivables
8637000
CY2024Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
3323000
CY2024Q2 us-gaap Deposits Assets
DepositsAssets
2690000
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4231000
CY2024Q2 us-gaap Other Assets
OtherAssets
130133000
CY2024Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
60369000
CY2024Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
22392000
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
37977000
sitc Initial Terms Of Sale Of Two Assets
InitialTermsOfSaleOfTwoAssets
In connection with the sale of two assets in June 2024 to unrelated third parties, intercompany ground leases related to certain portions of land that had initial terms of 90-years and 99-years, respectively, with a fixed, prepaid rent of $1 were assumed by the buyers. Such intercompany ground leases were previously eliminated in consolidation and treated as a sale leaseback when the shopping centers were sold. The leased back land pertains to land underlying convenience assets that were retained by the company. Upon sale of the shopping centers, the Company recognized below-market ground lease assets of approximately $13.7 million.
CY2024Q2 us-gaap Prepaid Rent
PrepaidRent
1
CY2024Q2 sitc Right Of Use Asset
RightOfUseAsset
13700000
CY2024Q2 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
4500000
CY2023Q2 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
5900000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
9200000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
12100000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
309426000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
240436000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
68990000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17373000
CY2023Q4 sitc Loan Commitment Fees
LoanCommitmentFees
13485000
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
5104000
CY2023Q4 sitc Swap Receivables
SwapReceivables
11115000
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2294000
CY2023Q4 us-gaap Deposits Assets
DepositsAssets
2857000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5325000
CY2023Q4 us-gaap Other Assets
OtherAssets
126543000
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
81487000
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
35391000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
46096000
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
8600000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
11100000
CY2024Q2 us-gaap Senior Notes
SeniorNotes
1216029000
CY2023Q4 us-gaap Senior Notes
SeniorNotes
1303243000
CY2024Q2 sitc Revolving Credit Facility And Term Loan
RevolvingCreditFacilityAndTermLoan
199023000
CY2023Q4 sitc Revolving Credit Facility And Term Loan
RevolvingCreditFacilityAndTermLoan
198856000
CY2024Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
98579000
CY2023Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
124176000
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1513631000
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1626275000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
5045000
sitc Amounts Reclassified From Accumulated Other Comprehensive Income To Interest Expense
AmountsReclassifiedFromAccumulatedOtherComprehensiveIncomeToInterestExpense
2594000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
238245000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
5353000
us-gaap Profit Loss
ProfitLoss
214693000
us-gaap Profit Loss
ProfitLoss
20655000
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18000
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2789000
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2789000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5578000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5578000
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
138000
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
88000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
269000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
195000
CY2024Q2 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
235318000
CY2023Q2 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
2476000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
208846000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
14864000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209553000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209266000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209486000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209616000
CY2024Q2 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
723000
CY2023Q2 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
181000
sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
767000
sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
445000
CY2024Q2 sitc Restricted Stock Units
RestrictedStockUnits
1033000
CY2023Q2 sitc Restricted Stock Units
RestrictedStockUnits
0
sitc Restricted Stock Units
RestrictedStockUnits
0
sitc Restricted Stock Units
RestrictedStockUnits
0
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211309000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209447000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
210253000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
210061000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
us-gaap Asset Impairment Charges
AssetImpairmentCharges
66600000

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