XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Discontinued Operations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Summary of Cash Non-Cash Flow Data Related to Discontinued Operations | The following table summarizes non-cash flow data related to discontinued operations (in thousands):
| For the Year Ended December 31, |
| 2024 |  |  | 2023 |  |  | 2022 |
Accounts payable related to construction in progress | $ | — |  |  | $ | 1.5 |  |  | $ | 3.9 |
Assumption of buildings due to ground lease terminations |  | 2.7 |  |  |  | — |  |  |  | — |
Recognition of below market ground leases |  | 13.7 |  |  |  | — |  |  |  | — |
For the years ended December 31, 2024, 2023 and 2022, capital expenditures included in discontinued operations were $234.7 million, $187.6 million and $323.5 million, respectively.
Curbline [Member] |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Summary of Cash Non-Cash Flow Data Related to Discontinued Operations | The following table presents the assets and liabilities associated with the Curbline properties (in thousands):
|  | December 31, 2023 |
Assets |  |  |
Land |  | $ | 316,212 |
Buildings |  |  | 622,414 |
Fixtures and tenant improvements |  |  | 58,676 |
|  |  | 997,302 |
Less: Accumulated depreciation |  |  | (136,168 | )
|  |  | 861,134 |
Construction in progress and land |  |  | 13,504 |
Total real estate assets, net |  |  | 874,638 |
Cash and cash equivalents |  |  | 566 |
Restricted cash |  |  | 155 |
Accounts receivable |  |  | 11,528 |
Intangible assets, net |  |  | 34,330 |
Other assets |  |  | 415 |
Assets related to discontinued operations |  | $ | 921,632 |
Liabilities and Equity |  |  |
Mortgage indebtedness, net |  | $ | 25,758 |
Below market leases, net |  |  | 21,243 |
Accounts payable and other liabilities |  |  | 11,993 |
Liabilities related to discontinued operations |  | $ | 58,994 |
The operating results related to the Curbline properties were as follows (in thousands):
|  | For the Year Ended December 31, |
|  | 2024(1) |  |  | 2023 |  |  | 2022 |
Revenue from Operations: |  |  |  |  |  |  |  |  |
Rental income |  | $ | 85,386 |  |  | $ | 93,004 |  |  | $ | 72,855 |
Other income |  |  | 572 |  |  |  | 656 |  |  |  | 281 |
|  |  | 85,958 |  |  |  | 93,660 |  |  |  | 73,136 |
Rental operation expenses: |  |  |  |  |  |  |  |  |
Operating and maintenance |  |  | 9,532 |  |  |  | 10,653 |  |  |  | 7,385 |
Real estate taxes |  |  | 9,307 |  |  |  | 11,261 |  |  |  | 7,990 |
General and administrative |  |  | 208 |  |  |  | — |  |  |  | — |
Depreciation and amortization |  |  | 29,556 |  |  |  | 31,849 |  |  |  | 26,534 |
|  |  | 48,603 |  |  |  | 53,763 |  |  |  | 41,909 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense |  |  | (416 | ) |  |  | (1,520 | ) |  |  | (1,619 | )
Transaction costs and other expense |  |  | (30,879 | ) |  |  | (2,376 | ) |  |  | (10 | )
Gain on disposition of real estate |  |  | — |  |  |  | 371 |  |  |  | — |
|  |  | (31,295 | ) |  |  | (3,525 | ) |  |  | (1,629 | )
Net income attributable to discontinued operations |  | $ | 6,060 |  |  | $ | 36,372 |  |  | $ | 29,598 |
(1) Through September 30, 2024.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=sitc_CurblineMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |