SITE Centers Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $123.6M | $277.5M | $543.2M | $537.9M | $494.0M | $436.7M | $476.3M | $556.4M |
| Rental Income | — | — | $526.1M | $517.5M | $479.1M | $420.0M | $457.8M | $0 |
| Minimum Rents | — | — | $0 | $0 | $0 | $0 | $0 | $375.2M |
| Percentage Rents | — | — | $0 | $0 | $0 | $0 | $0 | $3.0M |
| Tenant Recoveries | — | — | $0 | $0 | $0 | $0 | $0 | $148.9M |
| Fee and Other Income | — | — | $17.0M | $20.4M | $15.0M | $16.8M | $18.5M | $0 |
| Management and Development Fees | — | — | $0 | $0 | $0 | $0 | $0 | $24.2M |
| Other Income | — | — | $0 | $0 | $0 | $0 | $0 | $5.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $39.8M | $55.2M | $61.7M | $46.6M | $55.1M | $52.9M | $58.4M | $61.6M |
| Operating Income | $177.6M | $526.5M | $313.4M | $217.7M | $203.3M | $321.9M | $368.3M | $499.3M |
| Operating Margin | 143.7% | 189.8% | 57.7% | 40.5% | 41.2% | 73.7% | 77.3% | 89.7% |
| Interest Expense | — | — | $82.0M | $77.7M | $76.4M | $77.6M | $84.7M | $141.3M |
| Pretax Income | $177.6M | $526.5M | $231.4M | $140.0M | $127.0M | $37.7M | $102.5M | $117.0M |
| Income Tax Expense | $-226.0K | $761.0K | $2.0M | $816.0K | $1.6M | $1.1M | $659.0K | $862.0K |
| Net Income | $177.9M | $531.8M | $265.7M | $168.7M | $124.9M | $35.7M | $100.7M | $114.4M |
| Net Margin | 143.8% | 191.7% | 48.9% | 31.4% | 25.3% | 8.2% | 21.1% | 20.6% |
| EPS (Basic) | $3.36 | $9.81 | $4.85 | $2.95 | $0.51 | $0.08 | $0.33 | $0.43 |
| EPS (Diluted) | $3.36 | $9.77 | $4.85 | $2.94 | $0.51 | $0.08 | $0.33 | $0.43 |
| Shares Outstanding (Basic) | 52.4M | 52.4M | 52.4M | 53.3M | 208.0M | 193.3M | 183.0M | 184.5M |
| Shares Outstanding (Diluted) | 52.4M | 52.6M | 52.4M | 53.5M | 209.1M | 193.8M | 183.3M | 184.5M |
| Dividends Per Share | $6.75 | $1.04 | $2.72 | $2.08 | $0.47 | $0.25 | $0.80 | $1.16 |