SITE Centers Corp
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
SITC$0.68+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 2023 and 2022
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Land | $930,540 | $1,066,852 |
| Buildings | 3,311,368 | 3,733,805 |
| Fixtures and tenant improvements | 537,872 | 576,036 |
| 4,779,780 | 5,376,693 | |
| Less: Accumulated depreciation | (1,570,377) | (1,652,899) |
| 3,209,403 | 3,723,794 | |
| Construction in progress and land | 51,379 | 56,466 |
| Total real estate assets, net | 3,260,782 | 3,780,260 |
| Investments in and advances to joint ventures, net | 39,372 | 44,608 |
| Cash and cash equivalents | 551,968 | 20,254 |
| Restricted cash | 17,063 | 960 |
| Accounts receivable | 65,623 | 63,926 |
| Other assets, net | 126,543 | 135,009 |
| $4,061,351 | $4,045,017 | |
| Liabilities and Equity | ||
| Unsecured indebtedness: | ||
| Senior notes, net | $1,303,243 | $1,453,923 |
| Term loan, net | 198,856 | 198,521 |
| Revolving credit facility | — | — |
| 1,502,099 | 1,652,444 | |
| Mortgage indebtedness, net | 124,176 | 54,577 |
| Total indebtedness | 1,626,275 | 1,707,021 |
| Accounts payable and other liabilities | 195,727 | 214,985 |
| Dividends payable | 63,806 | 30,389 |
| Total liabilities | 1,885,808 | 1,952,395 |
| Commitments and contingencies (Note 9) | ||
| SITE Centers Equity | ||
| Class A—6.375% cumulative redeemable preferred shares, without par value, $500 liquidation value; 750,000 shares authorized; 350,000 shares issued and outstanding at December 31, 2023 and December 31, 2022 | 175,000 | 175,000 |
| Common shares, with par value, $0.10 stated value; 300,000,000 shares authorized; 214,373,833 and 214,371,498 shares issued at December 31, 2023 and December 31, 2022, respectively | 21,437 | 21,437 |
| Additional paid-in capital | 5,974,904 | 5,974,216 |
| Accumulated distributions in excess of net income | (3,934,736) | (4,046,370) |
| Deferred compensation obligation | 5,167 | 5,025 |
| Accumulated other comprehensive income | 6,121 | 9,038 |
| Less: Common shares in treasury at cost: 5,340,654 and 3,787,279 shares at December 31, 2023 and December 31, 2022, respectively | (72,350) | (51,518) |
| Total SITE Centers shareholders' equity | 2,175,543 | 2,086,828 |
| Non-controlling interests | — | 5,794 |
| Total equity | 2,175,543 | 2,092,622 |
| $4,061,351 | $4,045,017 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.