SITE Centers Corp
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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, 2024 and 2023
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Land | $204,722 | $614,328 |
| Buildings | 964,845 | 2,688,953 |
| Fixtures and tenant improvements | 254,152 | 479,196 |
| 1,423,719 | 3,782,477 | |
| Less: Accumulated depreciation | (654,389) | (1,434,209) |
| 769,330 | 2,348,268 | |
| Construction in progress and land | 2,682 | 37,875 |
| Total real estate assets, net | 772,012 | 2,386,143 |
| Investments in and advances to joint ventures, net | 30,431 | 39,372 |
| Cash and cash equivalents | 54,595 | 551,402 |
| Restricted cash | 13,071 | 16,908 |
| Accounts receivable | 25,437 | 54,096 |
| Amounts receivable from Curbline | 1,771 | — |
| Other assets, net | 36,285 | 91,797 |
| Assets related to discontinued operations | — | 921,632 |
| $933,602 | $4,061,350 | |
| Liabilities and Equity | ||
| Indebtedness | $301,373 | $1,600,517 |
| Amounts payable to Curbline | 33,762 | — |
| Accounts payable and other liabilities | 81,723 | 162,490 |
| Dividends payable | — | 63,806 |
| Liabilities related to discontinued operations | — | 58,994 |
| Total liabilities | 416,858 | 1,885,807 |
| Commitments and contingencies (Note 8) | ||
| 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 | — | 175,000 |
| Common shares, with par value, $0.10 stated value; 75,000,000 shares authorized; 52,467,187 and 53,593,458 shares issued at December 31, 2024 and December 31, 2023, respectively | 5,247 | 5,359 |
| Additional paid-in capital | 3,981,597 | 5,990,982 |
| Accumulated distributions in excess of net income | (3,473,458) | (3,934,736) |
| Deferred compensation obligation | 8,041 | 5,167 |
| Accumulated other comprehensive income | 5,472 | 6,121 |
| Less: Common shares in treasury at cost: 282,061 and 1,335,163 shares at December 31, 2024 and December 31, 2023, respectively | (10,155) | (72,350) |
| Total equity | 516,744 | 2,175,543 |
| $933,602 | $4,061,350 | |
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