$SITC
Site Centers Corp

2021 Q3 Form 10-Q Financial Statement

#000156459021052659 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $12.90M $105.6M
YoY Change -87.78% -13.85%
Cost Of Revenue $37.72M $32.30M
YoY Change 16.79% -3.58%
Gross Profit $96.72M $73.20M
YoY Change 32.13% -17.85%
Gross Profit Margin 749.7% 69.35%
Selling, General & Admin $11.73M $13.70M
YoY Change -14.4% -10.46%
% of Gross Profit 12.12% 18.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.67M $41.10M
YoY Change 8.68% 0.98%
% of Gross Profit 46.18% 56.15%
Operating Expenses $56.40M $54.80M
YoY Change 2.91% -40.59%
Operating Profit $40.32M $73.24M
YoY Change -44.94% -17.77%
Interest Expense -$17.35M -$14.40M
YoY Change 20.46% -168.05%
% of Operating Profit -43.02% -19.66%
Other Income/Expense, Net -$524.0K -$186.0K
YoY Change 181.72% -98.9%
Pretax Income $28.36M $7.687M
YoY Change 268.92% -68.17%
Income Tax $202.0K $300.0K
% Of Pretax Income 0.71% 3.9%
Net Earnings $28.16M $7.403M
YoY Change 280.35% -68.67%
Net Earnings / Revenue 218.25% 7.01%
Basic Earnings Per Share $0.12 $0.01
Diluted Earnings Per Share $0.12 $0.01
COMMON SHARES
Basic Shares Outstanding 211.0M 193.2M
Diluted Shares Outstanding 212.2M 193.4M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.92M $57.00M
YoY Change 8.64% 137.5%
Cash & Equivalents $61.92M $57.00M
Short-Term Investments
Other Short-Term Assets $9.679M $7.000M
YoY Change 38.27% 0.0%
Inventory
Prepaid Expenses
Receivables $59.91M $79.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $131.5M $143.0M
YoY Change -8.03% 55.43%
LONG-TERM ASSETS
Property, Plant & Equipment $3.566B $3.375B
YoY Change 5.65% -0.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $262.8M $366.0M
YoY Change -28.2% -31.97%
Other Assets $8.058M $7.000M
YoY Change 15.11% -36.36%
Total Long-Term Assets $3.921B $3.802B
YoY Change 3.12% -5.14%
TOTAL ASSETS
Total Short-Term Assets $131.5M $143.0M
Total Long-Term Assets $3.921B $3.802B
Total Assets $4.052B $3.945B
YoY Change 2.72% -3.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $213.0M $203.0M
YoY Change 4.93% 16.67%
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 $241.3M $208.0M
YoY Change 15.99% -20.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.793B $1.777B
YoY Change 0.88% -3.06%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.793B $1.777B
YoY Change 0.88% -3.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $241.3M $208.0M
Total Long-Term Liabilities $1.793B $1.777B
Total Liabilities $2.037B $1.988B
YoY Change 2.49% -4.99%
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 $2.015B $1.956B
YoY Change
Total Liabilities & Shareholders Equity $4.052B $3.945B
YoY Change 2.72% -3.78%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $28.16M $7.403M
YoY Change 280.35% -68.67%
Depreciation, Depletion And Amortization $44.67M $41.10M
YoY Change 8.68% 0.98%
Cash From Operating Activities $72.61M $54.00M
YoY Change 34.46% -21.97%
INVESTING ACTIVITIES
Capital Expenditures -$51.52M -$10.80M
YoY Change 377.07% -69.92%
Acquisitions
YoY Change
Other Investing Activities $18.35M $1.300M
YoY Change 1311.85% -97.72%
Cash From Investing Activities -$33.17M -$9.500M
YoY Change 249.16% -144.81%
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 -115.7M
YoY Change -69.53% 53.04%
NET CHANGE
Cash From Operating Activities 72.61M 54.00M
Cash From Investing Activities -33.17M -9.500M
Cash From Financing Activities -35.25M -115.7M
Net Change In Cash 4.187M -71.20M
YoY Change -105.88% -581.08%
FREE CASH FLOW
Cash From Operating Activities $72.61M $54.00M
Capital Expenditures -$51.52M -$10.80M
Free Cash Flow $124.1M $64.80M
YoY Change 91.56% -38.34%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
sitc Rental Income
RentalIncome
366689000
sitc Rental Income
RentalIncome
306482000
sitc Reserve Adjustment Of Preferred Equity Interests
ReserveAdjustmentOfPreferredEquityInterests
0
sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
31359000
sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
35953000
us-gaap Revenues
Revenues
398048000
us-gaap Revenues
Revenues
342435000
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
58200000
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
50774000
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
58359000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
7270000
us-gaap General And Administrative Expense
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41547000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
137446000
us-gaap Costs And Expenses
CostsAndExpenses
302822000
us-gaap Costs And Expenses
CostsAndExpenses
265877000
sitc Reserve Adjustment Of Preferred Equity Interests
ReserveAdjustmentOfPreferredEquityInterests
19393000
sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
13943000
sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
45635000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
6069000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
993000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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38487000
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
5156000
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10867000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49918000
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
225330000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
12515000
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
150019000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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40850000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2017031000
CY2021Q3 sitc Stock Issued During Period Value Share Based Compensation Net Of Costs
StockIssuedDuringPeriodValueShareBasedCompensationNetOfCosts
133000
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-164000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7500000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
4440000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
278000
CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1720000
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
166000
CY2020Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
5133000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3487000
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1959712000
us-gaap Profit Loss
ProfitLoss
66325000
us-gaap Profit Loss
ProfitLoss
37628000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
908000
sitc Reserve Of Preferred Equity Interests
ReserveOfPreferredEquityInterests
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sitc Reserve Of Preferred Equity Interests
ReserveOfPreferredEquityInterests
19393000
us-gaap Equity Method Investment Dividends Or Distributions
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2840000
us-gaap Equity Method Investment Dividends Or Distributions
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2825000
sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
13943000
sitc Gain Loss On Sale Of Interest In Joint Venture
GainLossOnSaleOfInterestInJointVenture
45635000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
993000
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
7270000
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0
sitc Assumption Of Buildings Due To Ground Lease Terminations
AssumptionOfBuildingsDueToGroundLeaseTerminations
0
sitc Assumption Of Buildings Due To Ground Lease Terminations
AssumptionOfBuildingsDueToGroundLeaseTerminations
3025000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
0
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2891000
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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151039000
us-gaap Net Cash Provided By Used In Operating Activities
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217364000
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Real Estate
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
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us-gaap Proceeds From Divestiture Of Interest In Joint Venture
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us-gaap Payments To Acquire Interest In Joint Venture
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us-gaap Payments To Acquire Interest In Joint Venture
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7014000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
4395000
sitc Repayments Of Joint Venture Advances Net
RepaymentsOfJointVentureAdvancesNet
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sitc Repayments Of Joint Venture Advances Net
RepaymentsOfJointVentureAdvancesNet
0
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 Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
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CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5100000
sitc Noncash Or Part Noncash Mortgage Assumed And Acquisition
NoncashOrPartNoncashMortgageAssumedAndAcquisition
0
sitc Non Cash Preferred Stock Redemption Premium
NonCashPreferredStockRedemptionPremium
0
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
5100000
CY2020Q3 sitc Amount Of Funds In Escrow To Be Received From Canadian Taxing Authority Pending Receipt Of Certain Tax Certificates
AmountOfFundsInEscrowToBeReceivedFromCanadianTaxingAuthorityPendingReceiptOfCertainTaxCertificates
0
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q3 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
28964000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32466000
CY2021Q3 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
971000
CY2020Q3 sitc Fee And Other Income Other
FeeAndOtherIncomeOther
580000
sitc Fee And Other Income Other
FeeAndOtherIncomeOther
2395000
sitc Fee And Other Income Other
FeeAndOtherIncomeOther
3487000
CY2021Q3 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
13872000
CY2020Q3 sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
9680000
sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
31359000
sitc Fee And Other Income Including Revenue From Contracts With Customers
FeeAndOtherIncomeIncludingRevenueFromContractsWithCustomers
35953000
CY2021Q3 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
64778000
CY2020Q4 sitc Company Share In Accumulated Equity Of Unconsolidated Joint Ventures
CompanyShareInAccumulatedEquityOfUnconsolidatedJointVentures
72555000
CY2021Q3 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
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CY2020Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
1644000
CY2021Q3 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
1156000
CY2020Q4 sitc Equity Method Investment Difference Between Carrying Amount And Underlying Equity Deferred Development Fees Net Of Portion Relating To Company Interest
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityDeferredDevelopmentFeesNetOfPortionRelatingToCompanyInterest
1277000
CY2021Q3 us-gaap Due From Joint Ventures
DueFromJointVentures
3789000
CY2020Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
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InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
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CY2021Q3 sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
0
CY2020Q3 sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
3500000
sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
0
sitc Interest Income Earned On Preferred Interests In Joint Ventures
InterestIncomeEarnedOnPreferredInterestsInJointVentures
10500000
CY2021Q3 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
400000
CY2020Q3 sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
500000
sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
1200000
sitc Other Revenue Earned From Unconsolidated Joint Ventures
OtherRevenueEarnedFromUnconsolidatedJointVentures
1700000
CY2021Q3 sitc Interest Income And Other Revenue Earned From Unconsolidated Joint Ventures
InterestIncomeAndOtherRevenueEarnedFromUnconsolidatedJointVentures
400000
CY2020Q3 sitc Interest Income And Other Revenue Earned From Unconsolidated Joint Ventures
InterestIncomeAndOtherRevenueEarnedFromUnconsolidatedJointVentures
4000000.0
sitc Interest Income And Other Revenue Earned From Unconsolidated Joint Ventures
InterestIncomeAndOtherRevenueEarnedFromUnconsolidatedJointVentures
1200000
sitc Interest Income And Other Revenue Earned From Unconsolidated Joint Ventures
InterestIncomeAndOtherRevenueEarnedFromUnconsolidatedJointVentures
12200000
CY2021Q3 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
3800000
CY2020Q3 sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
7600000
sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
10700000
sitc Fee And Other Income Earned From Unconsolidated Joint Ventures
FeeAndOtherIncomeEarnedFromUnconsolidatedJointVentures
25900000
CY2020Q4 sitc Joint Ventures Transferred Or Redeemed
JointVenturesTransferredOrRedeemed
2
sitc Company Share Of Gain On Sale Of Joint Venture Assets
CompanyShareOfGainOnSaleOfJointVentureAssets
2400000
CY2021Q3 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
1100000
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
1600000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
78005000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
90418000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
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7416000
CY2021Q3 us-gaap Other Assets Miscellaneous
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1785000
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2348000
CY2021Q3 us-gaap Deposits Assets
DepositsAssets
4275000
CY2020Q4 us-gaap Deposits Assets
DepositsAssets
3767000
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4644000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6137000
CY2021Q3 us-gaap Other Assets
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117857000
CY2020Q4 us-gaap Other Assets
OtherAssets
130690000
CY2021Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
54802000
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
57348000
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AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
3200000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
16300000
sitc Amortization Of Intangible Assets Excluding Above And Below Market Leases
AmortizationOfIntangibleAssetsExcludingAboveAndBelowMarketLeases
10300000
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
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17250000
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
225200000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
7300000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
28157000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
7403000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
93000
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
116000
CY2021Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2020Q3 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
5156000
us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10867000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15399000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
450000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
149000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
49468000
sitc Net Income Loss Attributable To Common Shareholders After Allocation To Participating Securities
NetIncomeLossAttributableToCommonShareholdersAfterAllocationToParticipatingSecurities
21459000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206918000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193366000
CY2021Q3 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
1114000
CY2020Q3 sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
162000
sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
1146000
sitc Performance Restricted Stock Units
PerformanceRestrictedStockUnits
0
CY2021Q3 sitc Forward Equity
ForwardEquity
29000
CY2020Q3 sitc Forward Equity
ForwardEquity
0
sitc Forward Equity
ForwardEquity
10000
sitc Forward Equity
ForwardEquity
0
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
212191000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193365000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
208074000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193366000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
sitc Common Shares To Be Issued Through Forward Equity Agreement Included In Computation Of Diluted Eps
CommonSharesToBeIssuedThroughForwardEquityAgreementIncludedInComputationOfDilutedEPS
1700000
CY2021Q3 sitc Common Shares To Be Issued Through Forward Equity Agreement Included In Computation Of Diluted Eps
CommonSharesToBeIssuedThroughForwardEquityAgreementIncludedInComputationOfDilutedEPS
1700000

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sitc-10q_20210930.htm Edgar Link pending
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