$SITC
SITE Centers Corp.

2021 Q1 Form 10-Q Financial Statement

#000156459021021955 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $128.1M $129.3M
YoY Change -0.91% -1.31%
Cost Of Revenue $39.90M $36.10M
YoY Change 10.53% -1.37%
Gross Profit $88.30M $93.20M
YoY Change -5.26% -1.27%
Gross Profit Margin 68.91% 72.07%
Selling, General & Admin $17.40M $11.40M
YoY Change 52.63% -19.15%
% of Gross Profit 19.71% 12.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.60M $43.00M
YoY Change 6.05% 0.94%
% of Gross Profit 51.64% 46.14%
Operating Expenses $110.1M $54.40M
YoY Change 102.4% -42.08%
Operating Profit -$21.81M $93.17M
YoY Change -123.4% -1.34%
Interest Expense $19.40M -$14.90M
YoY Change -230.17% -168.58%
% of Operating Profit -15.99%
Other Income/Expense, Net -$366.0K -$17.41M
YoY Change -97.9% 2.09%
Pretax Income $16.55M $34.86M
YoY Change -52.54% -4.14%
Income Tax $365.0K $233.0K
% Of Pretax Income 2.21% 0.67%
Net Earnings $16.01M $34.63M
YoY Change -53.77% -3.25%
Net Earnings / Revenue 12.49% 26.78%
Basic Earnings Per Share $0.05 $0.15
Diluted Earnings Per Share $0.05 $0.15
COMMON SHARES
Basic Shares Outstanding 198.5M 193.7M
Diluted Shares Outstanding 199.4M 193.7M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $191.0M $514.0M
YoY Change -62.84% 5040.0%
Cash & Equivalents $193.7M $514.3M
Short-Term Investments
Other Short-Term Assets $14.00M $11.00M
YoY Change 27.27% 10.0%
Inventory
Prepaid Expenses
Receivables $64.00M $56.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $269.0M $581.0M
YoY Change -53.7% 617.28%
LONG-TERM ASSETS
Property, Plant & Equipment $3.541B $3.426B
YoY Change 3.36% 0.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $266.0M $369.0M
YoY Change -27.91% -29.98%
Other Assets $9.000M $8.000M
YoY Change 12.5% 14.29%
Total Long-Term Assets $3.906B $3.864B
YoY Change 1.08% -4.24%
TOTAL ASSETS
Total Short-Term Assets $269.0M $581.0M
Total Long-Term Assets $3.906B $3.864B
Total Assets $4.175B $4.445B
YoY Change -6.08% 8.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $195.0M $187.0M
YoY Change 4.28% 21.43%
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 $223.0M $231.0M
YoY Change -3.46% -3.35%
LONG-TERM LIABILITIES
Long-Term Debt $1.780B $2.247B
YoY Change -20.78% 23.19%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.780B $2.247B
YoY Change -20.78% 23.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.0M $231.0M
Total Long-Term Liabilities $1.780B $2.247B
Total Liabilities $2.007B $2.478B
YoY Change -18.99% 19.92%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $19.40M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.168B $1.964B
YoY Change
Total Liabilities & Shareholders Equity $4.175B $4.445B
YoY Change -6.08% 8.0%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $16.01M $34.63M
YoY Change -53.77% -3.25%
Depreciation, Depletion And Amortization $45.60M $43.00M
YoY Change 6.05% 0.94%
Cash From Operating Activities $56.11M $35.85M
YoY Change 56.51% -15.17%
INVESTING ACTIVITIES
Capital Expenditures -$18.10M -$23.00M
YoY Change -21.3% 26.37%
Acquisitions
YoY Change
Other Investing Activities $28.70M $152.2M
YoY Change -81.14% 60.89%
Cash From Investing Activities $10.54M $129.1M
YoY Change -91.84% 68.9%
FINANCING ACTIVITIES
Cash Dividend Paid $14.84M $44.04M
YoY Change -66.29% -2.71%
Common Stock Issuance & Retirement, Net -$225.5M $7.500M
YoY Change -3107.05% -46.69%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.64M 330.2M
YoY Change -84.06% -373.61%
NET CHANGE
Cash From Operating Activities 56.11M 35.85M
Cash From Investing Activities 10.54M 129.1M
Cash From Financing Activities 52.64M 330.2M
Net Change In Cash 119.3M 495.2M
YoY Change -75.91% -25187.28%
FREE CASH FLOW
Cash From Operating Activities $56.11M $35.85M
Capital Expenditures -$18.10M -$23.00M
Free Cash Flow $74.21M $58.85M
YoY Change 26.1% -2.67%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 sitc Rental Income
RentalIncome
119890000
CY2020Q1 sitc Rental Income
RentalIncome
112529000
CY2021Q1 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
8249000
CY2020Q1 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
16781000
CY2021Q1 sitc Reserve Adjustment Of Preferred Equity Interests
ReserveAdjustmentOfPreferredEquityInterests
0
CY2020Q1 sitc Reserve Adjustment Of Preferred Equity Interests
ReserveAdjustmentOfPreferredEquityInterests
18057000
CY2021Q1 sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
13908000
CY2020Q1 sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
45681000
CY2021Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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CY2020Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16546000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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34861000
CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2020Q1 us-gaap Income Tax Expense Benefit
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CY2021Q1 us-gaap Profit Loss
ProfitLoss
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CY2020Q1 us-gaap Profit Loss
ProfitLoss
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CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
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37000
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
225529000
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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16000
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
23303000
CY2021Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
4950000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1981478000
CY2020Q1 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
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126000
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
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7500000
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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2684000
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
278000
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
38914000
CY2020Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
5133000
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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35015000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1967478000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
16181000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
34628000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45560000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
42993000
CY2021Q1 sitc Amortization And Write Off Of Debt Issuance Costs And Fair Market Value Of Debt Adjustments
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1015000
CY2020Q1 sitc Amortization And Write Off Of Debt Issuance Costs And Fair Market Value Of Debt Adjustments
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CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4385000
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2171000
CY2021Q1 sitc Reserve Of Preferred Equity Interests
ReserveOfPreferredEquityInterests
0
CY2020Q1 sitc Reserve Of Preferred Equity Interests
ReserveOfPreferredEquityInterests
18057000
CY2021Q1 sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
13908000
CY2020Q1 sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
45681000
CY2021Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
7270000
CY2020Q1 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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CY2021Q1 sitc Assumption Of Buildings Due To Ground Lease Terminations
AssumptionOfBuildingsDueToGroundLeaseTerminations
0
CY2020Q1 sitc Assumption Of Buildings Due To Ground Lease Terminations
AssumptionOfBuildingsDueToGroundLeaseTerminations
3025000
CY2020Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
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-664000
CY2021Q1 us-gaap Payments To Develop Real Estate Assets
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18131000
CY2020Q1 us-gaap Payments To Develop Real Estate Assets
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ProceedsFromRealEstateAndRealEstateJointVentures
1060000
CY2021Q1 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
16067000
CY2020Q1 us-gaap Proceeds From Divestiture Of Interest In Joint Venture
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140519000
CY2021Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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1416000
CY2020Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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3168000
CY2021Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0
CY2020Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
7500000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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10539000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
129139000
CY2021Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-135000000
CY2020Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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CY2021Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
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CY2020Q1 us-gaap Repayments Of Senior Debt
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CY2021Q1 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
18563000
CY2020Q1 us-gaap Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
40436000
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
225529000
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
CY2021Q1 sitc Proceeds From Repurchase Of Common Shares
ProceedsFromRepurchaseOfCommonShares
-4476000
CY2020Q1 sitc Proceeds From Repurchase Of Common Shares
ProceedsFromRepurchaseOfCommonShares
-948000
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7500000
CY2021Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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CY2020Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
278000
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
14844000
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
44036000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
52639000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
330234000
CY2021Q1 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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CY2020Q1 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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8000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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119288000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
193701000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:10pt;margin-bottom:0pt;text-indent:2.27%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates in Preparation of Financial Statements</p> <p style="margin-bottom:10pt;margin-top:10pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.  <span style="color:#000000;">The Company considered impacts to its estimates related to COVID-19, as appropriate, within its unaudited condensed consolidated financial statements, and there may be changes to those estimates in future periods. The Company believes that its accounting estimates are appropriate after giving consideration to the uncertainties surrounding the severity and duration of the COVID-19 pandemic. </span>Actual results could differ from those estimates.  </p>
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7705000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14747000
CY2021Q1 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
544000
CY2020Q1 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
2034000
CY2021Q1 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
8249000
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
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CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
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CY2020Q1 us-gaap Dividends Payable Current And Noncurrent
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CY2021Q1 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
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4100000
CY2020Q1 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
AmountOfFundsInEscrowToBeReceivedFromCanadianTaxingAuthorityPendingReceiptOfCertainTaxCertificates
0
CY2020Q1 sitc Fee And Other Income Including Revenue From Contracts With Customers
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16781000
CY2021Q1 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
66852000
CY2020Q4 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
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CY2021Q1 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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5652000
CY2020Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
1644000
CY2021Q1 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
1229000
CY2020Q4 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
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1277000
CY2021Q1 us-gaap Due From Joint Ventures
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4707000
CY2020Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
4375000
CY2021Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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75982000
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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77297000
CY2021Q1 sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
0
CY2020Q1 sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
3500000
CY2021Q1 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
400000
CY2020Q1 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
700000
CY2021Q1 sitc Interest Income And Other Revenue Earned From Unconsolidated Joint Ventures
InterestIncomeAndOtherRevenueEarnedFromUnconsolidatedJointVentures
400000
CY2020Q1 sitc Interest Income And Other Revenue Earned From Unconsolidated Joint Ventures
InterestIncomeAndOtherRevenueEarnedFromUnconsolidatedJointVentures
4200000
CY2021Q1 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
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3400000
CY2020Q1 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
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CY2021Q1 us-gaap Finite Lived Intangible Assets Net
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CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
90418000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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2931000
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OtherAssetsMiscellaneous
2348000
CY2021Q1 us-gaap Deposits Assets
DepositsAssets
4003000
CY2020Q4 us-gaap Deposits Assets
DepositsAssets
3767000
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5639000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6137000
CY2021Q1 us-gaap Other Assets
OtherAssets
130952000
CY2020Q4 us-gaap Other Assets
OtherAssets
130690000
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
55748000
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
57348000
CY2021Q1 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
5600000
CY2020Q1 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
3800000
CY2021Q1 us-gaap Senior Notes
SeniorNotes
1450152000
CY2020Q4 us-gaap Senior Notes
SeniorNotes
1449613000
CY2021Q1 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
99679000
CY2020Q4 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
234635000
CY2021Q1 us-gaap Notes And Loans Payable
NotesAndLoansPayable
230632000
CY2020Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
249260000
CY2021Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1780463000
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1933508000
CY2021Q1 sitc Impairment Charges Including Discontinued Operations And Investment
ImpairmentChargesIncludingDiscontinuedOperationsAndInvestment
7300000
CY2020Q1 sitc Impairment Charges Including Discontinued Operations And Investment
ImpairmentChargesIncludingDiscontinuedOperationsAndInvestment
18100000
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2021Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
17250000
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
225500000
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2021Q1 us-gaap Profit Loss
ProfitLoss
16181000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
34628000
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
173000
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
295000
CY2021Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5133000
CY2020Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5133000
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
115000
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
149000
CY2021Q1 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
10760000
CY2020Q1 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
29051000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
198534000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193726000
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
911000
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
199445000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193726000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05

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