$SITC
Site Centers Corp

2021 Q3 Form 10-Q Financial Statement

#000156459021038832 Filed on July 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q4
Revenue $12.90M $135.5M $117.9M
YoY Change -87.78% 25.93% -6.27%
Cost Of Revenue $37.72M $78.84M $36.10M
YoY Change 16.79% 132.56% 9.06%
Gross Profit $96.72M $184.8M $81.80M
YoY Change 32.13% 150.71% -11.76%
Gross Profit Margin 749.7% 136.39% 69.38%
Selling, General & Admin $11.73M $29.82M $14.30M
YoY Change -14.4% 120.89% 2.14%
% of Gross Profit 12.12% 16.14% 17.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.67M $47.18M $45.70M
YoY Change 8.68% 15.35% 9.59%
% of Gross Profit 46.18% 25.53% 55.87%
Operating Expenses $56.40M $98.60M $59.90M
YoY Change 2.91% 11.74% 7.54%
Operating Profit $40.32M $86.17M $21.90M
YoY Change -44.94% 16.91% -40.81%
Interest Expense -$17.35M $19.14M -$17.10M
YoY Change 20.46% -3.41% 66.02%
% of Operating Profit -43.02% 22.21% -78.08%
Other Income/Expense, Net -$524.0K -$19.46M $0.00
YoY Change 181.72% 15.33% -100.0%
Pretax Income $28.36M $22.48M -$800.0K
YoY Change 268.92% -653.48% -103.32%
Income Tax $202.0K $490.0K $300.0K
% Of Pretax Income 0.71% 2.18%
Net Earnings $28.16M $21.87M -$1.300M
YoY Change 280.35% -596.68% -105.42%
Net Earnings / Revenue 218.25% 16.14% -1.1%
Basic Earnings Per Share $0.12 $0.06
Diluted Earnings Per Share $0.12 $0.06 -$6.729K
COMMON SHARES
Basic Shares Outstanding 211.0M 211.0M
Diluted Shares Outstanding 212.2M 211.9M

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.92M $57.95M $70.00M
YoY Change 8.64% -54.73% 337.5%
Cash & Equivalents $61.92M $57.95M $69.74M
Short-Term Investments
Other Short-Term Assets $9.679M $8.802M $7.000M
YoY Change 38.27% -2.2% 16.67%
Inventory
Prepaid Expenses
Receivables $59.91M $61.98M $74.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $131.5M $128.7M $151.0M
YoY Change -8.03% -40.95% 81.93%
LONG-TERM ASSETS
Property, Plant & Equipment $3.566B $3.564B $3.583B
YoY Change 5.65% 4.73% 4.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $262.8M $265.2M $267.0M
YoY Change -28.2% -27.15% -44.95%
Other Assets $8.058M $8.348M $11.00M
YoY Change 15.11% 19.26% 0.0%
Total Long-Term Assets $3.921B $3.925B $3.957B
YoY Change 3.12% 2.45% -1.33%
TOTAL ASSETS
Total Short-Term Assets $131.5M $128.7M $151.0M
Total Long-Term Assets $3.921B $3.925B $3.957B
Total Assets $4.052B $4.053B $4.108B
YoY Change 2.72% 0.11% 0.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $213.0M $209.8M $175.0M
YoY Change 4.93% 6.48% -2.78%
Accrued Expenses $40.00M
YoY Change -2.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $241.3M $238.0M $230.0M
YoY Change 15.99% 17.82% -13.21%
LONG-TERM LIABILITIES
Long-Term Debt $1.793B $1.798B $1.934B
YoY Change 0.88% -4.69% 4.71%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.793B $1.798B $1.934B
YoY Change 0.88% -4.69% 4.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $241.3M $238.0M $230.0M
Total Long-Term Liabilities $1.793B $1.798B $1.934B
Total Liabilities $2.037B $2.036B $2.163B
YoY Change 2.49% -2.66% 2.43%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $21.10M $19.40M
YoY Change 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.015B $2.013B $1.942B
YoY Change
Total Liabilities & Shareholders Equity $4.052B $4.053B $4.108B
YoY Change 2.72% 0.11% 0.36%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q4
OPERATING ACTIVITIES
Net Income $28.16M $21.87M -$1.300M
YoY Change 280.35% -596.68% -105.42%
Depreciation, Depletion And Amortization $44.67M $47.18M $45.70M
YoY Change 8.68% 15.35% 9.59%
Cash From Operating Activities $72.61M $88.66M $64.30M
YoY Change 34.46% 146.27% -20.42%
INVESTING ACTIVITIES
Capital Expenditures -$51.52M -$48.66M -$12.80M
YoY Change 377.07% 182.92% -87.79%
Acquisitions
YoY Change
Other Investing Activities $18.35M $6.502M $12.90M
YoY Change 1311.85% -6602.0% -80.09%
Cash From Investing Activities -$33.17M -$42.06M $100.0K
YoY Change 249.16% 144.54% -100.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.25M -179.1M -47.50M
YoY Change -69.53% -55.72% -0.21%
NET CHANGE
Cash From Operating Activities 72.61M 88.66M 64.30M
Cash From Investing Activities -33.17M -42.06M 100.0K
Cash From Financing Activities -35.25M -179.1M -47.50M
Net Change In Cash 4.187M -132.5M 16.90M
YoY Change -105.88% -65.65% -348.53%
FREE CASH FLOW
Cash From Operating Activities $72.61M $88.66M $64.30M
Capital Expenditures -$51.52M -$48.66M -$12.80M
Free Cash Flow $124.1M $137.3M $77.10M
YoY Change 91.56% 158.12% -58.46%

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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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ProfitLoss
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CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
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CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2020Q1 us-gaap Dividends Common Stock
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CY2020Q1 us-gaap Dividends Preferred Stock
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CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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ProfitLoss
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ProfitLoss
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ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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sitc Reserve Of Preferred Equity Interests
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EquityMethodInvestmentDividendsOrDistributions
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us-gaap Equity Method Investment Dividends Or Distributions
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
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CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2021Q1 us-gaap Dividends Preferred Stock
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2021Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
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CY2021Q2 us-gaap Dividends Common Stock
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CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
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sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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sitc Assumption Of Buildings Due To Ground Lease Terminations
AssumptionOfBuildingsDueToGroundLeaseTerminations
0
sitc Assumption Of Buildings Due To Ground Lease Terminations
AssumptionOfBuildingsDueToGroundLeaseTerminations
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us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
0
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-16271000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
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us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
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us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
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us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
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us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
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us-gaap Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
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us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
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us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
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us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
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us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
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us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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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>
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
505000
CY2021Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
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CY2020Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
5156000
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2020Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5133000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8078000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10266000
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
151000
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
299000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
149000
CY2021Q2 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
13617000
CY2020Q2 sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
-9746000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
24344000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
19305000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
211035000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193170000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
204819000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193448000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
846000
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
808000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193170000
sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
800000
sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
1200000
sitc Interest Income And Other Revenue Earned From Unconsolidated Joint Ventures
InterestIncomeAndOtherRevenueEarnedFromUnconsolidatedJointVentures
800000
sitc Interest Income And Other Revenue Earned From Unconsolidated Joint Ventures
InterestIncomeAndOtherRevenueEarnedFromUnconsolidatedJointVentures
8100000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-bottom:0pt;margin-top:10pt;text-indent:2.57%;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p>Certain amounts for the three and six months ended June 30, 2020, have been reclassified in order to conform with the current period’s presentation.  The Company reclassified $3.5 million and $7.0 million of interest income for the three and six months ended June 30, 2020, respectively, primarily related to preferred equity investments that were transferred or redeemed in the fourth quarter of 2020, on its consolidated statements of operations from Interest Income to Other (Expense) Income, net.
sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
6900000
sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
18300000
sitc Company Share Of Gain On Sale Of Joint Venture Assets
CompanyShareOfGainOnSaleOfJointVentureAssets
2600000
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
28200000
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5100000
sitc Noncash Or Part Noncash Mortgage Assumed And Acquisition
NoncashOrPartNoncashMortgageAssumedAndAcquisition
17900000
sitc Non Cash Preferred Stock Redemption Premium
NonCashPreferredStockRedemptionPremium
5100000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
7300000
CY2021Q2 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
AmountOfFundsInEscrowToBeReceivedFromCanadianTaxingAuthorityPendingReceiptOfCertainTaxCertificates
4100000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8358000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16063000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23367000
CY2021Q2 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
880000
CY2020Q2 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
872000
sitc Fee And Other Income Other
FeeAndOtherIncomeOther
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sitc Fee And Other Income Other
FeeAndOtherIncomeOther
2906000
CY2021Q2 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
9238000
CY2020Q2 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
9492000
sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
17487000
sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
26273000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6137000
CY2021Q2 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
65629000
CY2020Q4 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
72555000
CY2021Q2 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
5939000
CY2020Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
1644000
CY2021Q2 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
1183000
CY2020Q4 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
1277000
CY2021Q2 us-gaap Due From Joint Ventures
DueFromJointVentures
4712000
CY2020Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
4375000
CY2021Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
75097000
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
77297000
sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
0
sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
6900000
CY2021Q2 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
500000
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
500000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81453000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
90418000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19618000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20604000
CY2021Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
8802000
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
7416000
CY2021Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1886000
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2348000
CY2021Q2 us-gaap Deposits Assets
DepositsAssets
3929000
CY2020Q4 us-gaap Deposits Assets
DepositsAssets
3767000
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5142000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2021Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
17250000
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
225300000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205627000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193448000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2021Q2 us-gaap Other Assets
OtherAssets
120830000
CY2020Q4 us-gaap Other Assets
OtherAssets
130690000
CY2021Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
55538000
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
57348000
CY2021Q2 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
5400000
CY2020Q2 sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
3300000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
11000000.0
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
7100000
CY2021Q2 us-gaap Senior Notes
SeniorNotes
1450691000
CY2020Q4 us-gaap Senior Notes
SeniorNotes
1449613000
CY2021Q2 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
99723000
CY2020Q4 sitc Revolving Credit Facilities And Term Loans
RevolvingCreditFacilitiesAndTermLoans
234635000
CY2021Q2 us-gaap Notes And Loans Payable
NotesAndLoansPayable
248008000
CY2020Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
249260000
CY2021Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1798422000
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1933508000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.23
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Asset Impairment Charges
AssetImpairmentCharges
7300000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
21987000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-4403000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
106588000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
41640000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
144756000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
71865000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0

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