$SITC
Site Centers Corp

2018 Q3 Form 10-Q Financial Statement

#000156459018026400 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $144.1M $227.4M
YoY Change -36.64% -10.39%
Cost Of Revenue $39.60M $59.60M
YoY Change -33.56% -12.61%
Gross Profit $104.5M $167.9M
YoY Change -37.76% -9.54%
Gross Profit Margin 72.52% 73.83%
Selling, General & Admin $15.20M $16.40M
YoY Change -7.32% -12.77%
% of Gross Profit 14.55% 9.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.60M $85.20M
YoY Change -41.78% -10.79%
% of Gross Profit 47.46% 50.74%
Operating Expenses $124.2M $177.6M
YoY Change -30.06% 55.5%
Operating Profit $104.5M $164.9M
YoY Change -36.62% -11.18%
Interest Expense $26.96M $46.30M
YoY Change -41.76% -198.08%
% of Operating Profit 25.8% 28.08%
Other Income/Expense, Net -$23.36M -$103.8M
YoY Change -77.5% 25857.25%
Pretax Income -$8.454M -$33.79M
YoY Change -74.98% -58.28%
Income Tax $238.0K $9.267M
% Of Pretax Income
Net Earnings -$8.931M $983.0K
YoY Change -1008.55% -101.63%
Net Earnings / Revenue -6.2% 0.43%
Basic Earnings Per Share -$0.09 -$0.04
Diluted Earnings Per Share -$0.09 -$0.04
COMMON SHARES
Basic Shares Outstanding 184.7M 183.8M
Diluted Shares Outstanding 184.7M 183.8M

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.00M $18.00M
YoY Change -38.89% -14.29%
Cash & Equivalents $13.27M $20.09M
Short-Term Investments
Other Short-Term Assets $7.000M $19.00M
YoY Change -63.16% -45.71%
Inventory
Prepaid Expenses
Receivables $74.00M $177.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $92.00M $214.0M
YoY Change -57.01% 16.94%
LONG-TERM ASSETS
Property, Plant & Equipment $3.887B $6.755B
YoY Change -42.46% -12.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $514.0M $435.0M
YoY Change 18.16% -5.64%
Other Assets $8.000M $10.00M
YoY Change -20.0% -44.44%
Total Long-Term Assets $4.528B $7.427B
YoY Change -39.03% -13.01%
TOTAL ASSETS
Total Short-Term Assets $92.00M $214.0M
Total Long-Term Assets $4.528B $7.427B
Total Assets $4.620B $7.641B
YoY Change -39.54% -12.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $215.0M $356.0M
YoY Change -39.61% -10.78%
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 $260.0M $434.0M
YoY Change -40.09% -8.44%
LONG-TERM LIABILITIES
Long-Term Debt $2.385B $4.018B
YoY Change -40.64% -19.09%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.385B $4.018B
YoY Change -40.64% -19.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $260.0M $434.0M
Total Long-Term Liabilities $2.385B $4.018B
Total Liabilities $2.650B $4.461B
YoY Change -40.6% -18.13%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.970B $3.180B
YoY Change
Total Liabilities & Shareholders Equity $4.620B $7.641B
YoY Change -39.54% -12.38%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$8.931M $983.0K
YoY Change -1008.55% -101.63%
Depreciation, Depletion And Amortization $49.60M $85.20M
YoY Change -41.78% -10.79%
Cash From Operating Activities $35.70M $92.50M
YoY Change -61.41% -22.98%
INVESTING ACTIVITIES
Capital Expenditures -$27.30M -$33.30M
YoY Change -18.02% -74.35%
Acquisitions
YoY Change
Other Investing Activities -$6.900M $175.2M
YoY Change -103.94% 206.29%
Cash From Investing Activities -$34.10M $141.9M
YoY Change -124.03% -295.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -95.20M -689.8M
YoY Change -86.2% 1570.22%
NET CHANGE
Cash From Operating Activities 35.70M 92.50M
Cash From Investing Activities -34.10M 141.9M
Cash From Financing Activities -95.20M -689.8M
Net Change In Cash -93.60M -455.4M
YoY Change -79.45% -7445.16%
FREE CASH FLOW
Cash From Operating Activities $35.70M $92.50M
Capital Expenditures -$27.30M -$33.30M
Free Cash Flow $63.00M $125.8M
YoY Change -49.92% -49.66%

Facts In Submission

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us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Accounts Receivable
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2908000
us-gaap Increase Decrease In Accounts Receivable
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sitc Transaction Costs Related To Affiliates Spin Off
TransactionCostsRelatedToAffiliatesSpinOff
27203000
sitc Transaction Costs Related To Affiliates Spin Off
TransactionCostsRelatedToAffiliatesSpinOff
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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2514000
us-gaap Increase Decrease In Other Operating Capital Net
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12581000
us-gaap Increase Decrease In Other Operating Capital Net
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22131000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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262691000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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325152000
us-gaap Net Cash Provided By Used In Operating Activities
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197469000
us-gaap Net Cash Provided By Used In Operating Activities
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302233000
us-gaap Payments To Acquire Real Estate
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0
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
86079000
us-gaap Payments To Develop Real Estate Assets
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95357000
us-gaap Payments To Develop Real Estate Assets
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89753000
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
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301479000
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
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us-gaap Proceeds From Insurance Settlement Investing Activities
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20193000
us-gaap Proceeds From Insurance Settlement Investing Activities
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0
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
170000
us-gaap Payments To Acquire Interest In Joint Venture
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us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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30350000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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21781000
sitc Repayment Of Joint Venture Advances
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sitc Repayment Of Joint Venture Advances
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us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
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33681000
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0
us-gaap Proceeds From Collection Of Notes Receivable
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0
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
31068000
us-gaap Net Cash Provided By Used In Investing Activities
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290960000
us-gaap Net Cash Provided By Used In Investing Activities
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270059000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
105000000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
60000000
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Repayments Of Long Term Debt
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759970000
us-gaap Repayments Of Long Term Debt
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434240000
us-gaap Payments Of Debt Issuance Costs
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32825000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6704000
us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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168881000
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
1350000000
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5048000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15953000
sitc Redemption Of Operating Partnership Units
RedemptionOfOperatingPartnershipUnits
736000
sitc Redemption Of Operating Partnership Units
RedemptionOfOperatingPartnershipUnits
0
sitc Contribution Of Assets To Affiliates
ContributionOfAssetsToAffiliates
52358000
sitc Contribution Of Assets To Affiliates
ContributionOfAssetsToAffiliates
0
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1097000
us-gaap Payments To Minority Shareholders
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us-gaap Payments Of Dividends
PaymentsOfDividends
235926000
us-gaap Payments Of Dividends
PaymentsOfDividends
227399000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-569878000
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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1000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-81449000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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20094000
us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Use Of Estimates
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<div> <p style="margin-top:10pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:2.27%;">Use of Estimates in Preparation of Financial Statements</p> <p style="margin-top:10pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with generally accepted accounting principles (&#8220;GAAP&#8221;) 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.&nbsp;&nbsp;Actual results could differ from those estimates.&nbsp;&nbsp;</p></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:10pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:2.27%;">Reclassifications</p> <p style="margin-top:10pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Certain amounts in prior periods have been reclassified in order to conform with the current period&#8217;s presentation.&nbsp;&nbsp;The Company reclassified $3.0 million and $9.8 million of costs for the three and nine months ended September 30, 2017, respectively, on the Company&#8217;s consolidated statements of operations related to property management and services of the Company&#8217;s operating properties from General and Administrative to Operating and Maintenance.</p></div>
us-gaap Contract With Customer Asset Explanation Of Change
ContractWithCustomerAssetExplanationOfChange
The portion of payments retained by the customer until the second contingent event is not considered a significant financing component because the right to payment is expected to become unconditional within one year or less. Contract assets are transferred to receivables when the right to payment becomes unconditional.
CY2018Q3 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
205900000
CY2017Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
284100000
CY2017Q3 us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
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us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
9800000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
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us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
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sitc Insurance Receivable And Reduction Of Real Estate Due To Hurricane
InsuranceReceivableAndReductionOfRealEstateDueToHurricane
7800000
sitc Insurance Receivable And Reduction Of Real Estate Due To Hurricane
InsuranceReceivableAndReductionOfRealEstateDueToHurricane
59700000
CY2017Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
78400000
sitc Noncash Or Part Noncash Financial Or Equity Instrument Consideration Redemption Value
NoncashOrPartNoncashFinancialOrEquityInstrumentConsiderationRedemptionValue
900000
sitc Noncash Or Part Noncash Financial Or Equity Instrument Consideration Redemption Value
NoncashOrPartNoncashFinancialOrEquityInstrumentConsiderationRedemptionValue
0
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.14
sitc Number Of Shopping Centers Leased Under Ground Lease Agreements
NumberOfShoppingCentersLeasedUnderGroundLeaseAgreements
3
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6499000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28437000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23051000
CY2018Q3 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
2384000
CY2017Q3 us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
4444000
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
11607000
us-gaap Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
13535000
CY2018Q3 sitc Lease Termination Fees
LeaseTerminationFees
99000
CY2017Q3 sitc Lease Termination Fees
LeaseTerminationFees
9380000
sitc Lease Termination Fees
LeaseTerminationFees
3316000
sitc Lease Termination Fees
LeaseTerminationFees
10188000
CY2018Q3 us-gaap Other Income
OtherIncome
724000
CY2017Q3 us-gaap Other Income
OtherIncome
792000
us-gaap Other Income
OtherIncome
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us-gaap Other Income
OtherIncome
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CY2017Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1371000
sitc Contract With Customer Assets Recognized
ContractWithCustomerAssetsRecognized
1732000
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
1738000
CY2018Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1365000
us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
There is no fixed consideration included in the transaction price for any of these revenues.
CY2018Q3 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
100548000
CY2017Q4 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
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CY2018Q3 sitc Investment In Redeemable Noncontrolling Interest Equity Preferred
InvestmentInRedeemableNoncontrollingInterestEquityPreferred
204078000
CY2017Q4 sitc Investment In Redeemable Noncontrolling Interest Equity Preferred
InvestmentInRedeemableNoncontrollingInterestEquityPreferred
277776000
CY2018Q3 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
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CY2017Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
-24973000
CY2018Q3 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
2717000
CY2017Q4 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
3065000
CY2018Q3 us-gaap Due From Joint Ventures
DueFromJointVentures
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CY2017Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
1365000
CY2018Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
287870000
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
383813000
CY2018Q3 sitc Income Loss From Equity Method Investments Before Amortization Of Basis Differentials
IncomeLossFromEquityMethodInvestmentsBeforeAmortizationOfBasisDifferentials
-7669000
CY2017Q3 sitc Income Loss From Equity Method Investments Before Amortization Of Basis Differentials
IncomeLossFromEquityMethodInvestmentsBeforeAmortizationOfBasisDifferentials
3819000
sitc Income Loss From Equity Method Investments Before Amortization Of Basis Differentials
IncomeLossFromEquityMethodInvestmentsBeforeAmortizationOfBasisDifferentials
4310000
sitc Income Loss From Equity Method Investments Before Amortization Of Basis Differentials
IncomeLossFromEquityMethodInvestmentsBeforeAmortizationOfBasisDifferentials
-2570000
CY2018Q3 sitc Amortization Of Basis Differentials
AmortizationOfBasisDifferentials
4749000
CY2017Q3 sitc Amortization Of Basis Differentials
AmortizationOfBasisDifferentials
992000
sitc Amortization Of Basis Differentials
AmortizationOfBasisDifferentials
5377000
sitc Amortization Of Basis Differentials
AmortizationOfBasisDifferentials
4999000
CY2018Q3 sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
4800000
CY2017Q3 sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
6300000
sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
14600000
sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
20000000
CY2018Q3 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
700000
CY2017Q3 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
700000
sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
1900000
sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
2100000
CY2018Q3 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
11000000
CY2017Q3 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
13500000
sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
36100000
sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
45200000
CY2018Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
65500000
CY2018Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
88752000
CY2018Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7286000
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
10806000
CY2018Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
4593000
CY2017Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
3869000
CY2018Q3 us-gaap Deposits Assets
DepositsAssets
4845000
CY2017Q4 us-gaap Deposits Assets
DepositsAssets
5076000
CY2018Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6300000
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7901000
CY2018Q3 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
18100000
CY2017Q3 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
14400000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
28200000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
47000000
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1223000
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
97241000
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
41684000
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
120851000
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
480851000
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1654107000
CY2018Q3 sitc Long Term Debt Maturing Net Before Fair Market Value Of Debt Adjustment
LongTermDebtMaturingNetBeforeFairMarketValueOfDebtAdjustment
2395957000
CY2018Q3 sitc Long Term Debt Fair Market Value Of Debt Adjustment
LongTermDebtFairMarketValueOfDebtAdjustment
1794000
CY2018Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12749000
CY2018Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
224200000
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
297900000
CY2018Q3 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
303540000
CY2017Q4 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
398130000
sitc Real Estate Rental Revenues Lost And Not Recognized Due To Hurricanes
RealEstateRentalRevenuesLostAndNotRecognizedDueToHurricanes
6600000
CY2018Q3 sitc Assets Marketed For Sale
AssetsMarketedForSale
5800000
CY2017Q3 sitc Assets Marketed For Sale
AssetsMarketedForSale
8500000
sitc Assets Marketed For Sale
AssetsMarketedForSale
54300000
sitc Assets Marketed For Sale
AssetsMarketedForSale
49500000
CY2018Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
14100000
CY2017Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
14100000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2018Q3 sitc Impairment Charges Including Discontinued Operations And Investment
ImpairmentChargesIncludingDiscontinuedOperationsAndInvestment
22100000
CY2017Q3 sitc Impairment Charges Including Discontinued Operations And Investment
ImpairmentChargesIncludingDiscontinuedOperationsAndInvestment
-5100000
sitc Impairment Charges Including Discontinued Operations And Investment
ImpairmentChargesIncludingDiscontinuedOperationsAndInvestment
72900000
sitc Impairment Charges Including Discontinued Operations And Investment
ImpairmentChargesIncludingDiscontinuedOperationsAndInvestment
121000000
CY2018Q3 sitc Impaired Long Lived Assets Held And Used Fair Value Disclosure
ImpairedLongLivedAssetsHeldAndUsedFairValueDisclosure
452700000
CY2018Q3 us-gaap Assets Held For Sale Long Lived Fair Value Disclosure
AssetsHeldForSaleLongLivedFairValueDisclosure
624600000
CY2018Q3 sitc Fair Value Of Preferred Equity Interests
FairValueOfPreferredEquityInterests
199300000
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
119000
CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
241000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
971000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
743000
CY2018Q3 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-17432000
CY2017Q3 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-7641000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-92532000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-44766000
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
184655
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
183843
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
184616
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
183519
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.09
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.50
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.24
CY2017Q3 us-gaap Notes Receivable Net
NotesReceivableNet
19591000
CY2018Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
129701000
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14394000
CY2018Q3 sitc Rental Operating Expense
RentalOperatingExpense
39597000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
104498000
CY2018Q3 sitc Segment Reporting Information Unallocated Expense
SegmentReportingInformationUnallocatedExpense
42432000
CY2018Q3 sitc Hurricane Property Credit Loss And Impairment Loss
HurricanePropertyCreditLossAndImpairmentLoss
157000
CY2017Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
220925000
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6499000
CY2017Q3 sitc Rental Operating Expense
RentalOperatingExpense
62544000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
164880000
CY2017Q3 sitc Segment Reporting Information Unallocated Expense
SegmentReportingInformationUnallocatedExpense
69012000
CY2017Q3 sitc Hurricane Property Credit Loss And Impairment Loss
HurricanePropertyCreditLossAndImpairmentLoss
-6089000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
542242000
sitc Rental Operating Expense
RentalOperatingExpense
169185000
us-gaap Operating Income Loss
OperatingIncomeLoss
401494000
sitc Segment Reporting Information Unallocated Expense
SegmentReportingInformationUnallocatedExpense
161879000
sitc Hurricane Property Credit Loss And Impairment Loss
HurricanePropertyCreditLossAndImpairmentLoss
-817000
CY2018Q3 sitc Segment Reporting Information Gross Assets
SegmentReportingInformationGrossAssets
5171227000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
680981000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
23051000
sitc Rental Operating Expense
RentalOperatingExpense
202536000
us-gaap Operating Income Loss
OperatingIncomeLoss
501496000
sitc Segment Reporting Information Unallocated Expense
SegmentReportingInformationUnallocatedExpense
217493000
sitc Hurricane Property Credit Loss And Impairment Loss
HurricanePropertyCreditLossAndImpairmentLoss
-6089000
CY2017Q3 sitc Segment Reporting Information Gross Assets
SegmentReportingInformationGrossAssets
8697077000

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