\nSITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers located primarily in suburban, high household income communities, announced today operating results for the quarter ended December 31, 2024.<\/p>\n
\n“SITE Centers furthered the Company\u2019s goal of recognizing value for stakeholders in the fourth quarter by continuing the simplification of its capital structure through the redemption of the remaining $175 million of outstanding preferred shares. The Company\u2019s commenced rate increased through new tenant store openings in an environment of strong leasing demand, and we intend to capitalize where we view strong private market interest in purchasing high quality assets by marketing a subset of shopping centers for sale,\u201d commented David R. Lukes, President and Chief Executive Officer. \u201cGoing forward, SITE Centers intends to maximize value through continued leasing, asset management and potential additional asset sales.\u201d<\/p>\n
Results for the Fourth Quarter<\/b><\/p>\n Significant Fourth Quarter Activity and Key Operating Results<\/b><\/p>\n Discontinued Operations<\/b><\/p>\n \nOn October 1, 2024, the Company completed the spin-off of 79 convenience properties and distributed $800.0 million of cash to Curbline Properties. The spin-off of the convenience properties represented a strategic shift in the Company\u2019s business and, as such, the Curbline properties are reflected as discontinued operations for all periods presented.<\/p>\n About SITE Centers Corp.<\/b><\/p>\n \nSITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com<\/a>. To be included in the Company\u2019s e-mail distributions for press releases and other investor news, please click here<\/a>.<\/p>\n Supplemental Information<\/b><\/p>\n SITE Centers Corp.<\/b><\/p>\n<\/td>\n<\/tr>\n Income Statement: <\/b>Consolidated Interests<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nin thousands, except per share<\/p>\n<\/td>\n 4Q24<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 4Q23<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 12M24<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 12M23<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Revenues:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nRental income (1)<\/p>\n<\/td>\n \n$32,583<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$97,435<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$269,286<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$444,062<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nOther property revenues<\/p>\n<\/td>\n \n282<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n251<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,801<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,736<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n32,865<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n97,686<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n271,087<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n445,798<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Expenses:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nOperating and maintenance (2)<\/p>\n<\/td>\n \n8,924<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,218<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n55,372<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n78,306<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nReal estate taxes<\/p>\n<\/td>\n \n4,543<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,444<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40,292<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n65,501<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,467<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n32,662<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n95,664<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n143,807<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Net operating income (3)<\/b><\/p>\n<\/td>\n 19,398<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 65,024<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 175,423<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 301,991<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Other income (expense):<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nJV and other fee income (4)<\/p>\n<\/td>\n \n2,035<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,510<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,380<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,817<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nInterest expense<\/p>\n<\/td>\n \n(5,833)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(19,657)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(59,463)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(80,482)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDepreciation and amortization<\/p>\n<\/td>\n \n(13,061)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(38,154)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(101,344)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(180,611)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nGeneral and administrative (5)<\/p>\n<\/td>\n \n(8,393)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(14,931)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(47,080)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(50,867)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nOther income (expense), net (6)<\/p>\n<\/td>\n \n335<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,522<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(16,761)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,565<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nImpairment charges<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(66,600)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(Loss) income before earnings from discontinued operations, JVs and other<\/p>\n<\/td>\n \n(5,519)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n314<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(109,445)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,413<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nEquity in net income of JVs<\/p>\n<\/td>\n \n(324)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n82<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n82<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,577<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nGain on sale and change in control of interests<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,669<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,749<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nGain on disposition of real estate, net<\/p>\n<\/td>\n \n50<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n187,796<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n633,219<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n218,655<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nTax expense<\/p>\n<\/td>\n \n(29)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,234)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(761)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,045)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(Loss) income from continuing operations<\/p>\n<\/td>\n \n(5,822)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n186,958<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n525,764<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n229,349<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nIncome from discontinued operations (7)<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,466<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,060<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36,372<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nNet (loss) income<\/p>\n<\/td>\n \n(5,822)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n196,424<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n531,824<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n265,721<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nNon-controlling interests<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(18)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Net (loss) income SITE Centers<\/b><\/p>\n<\/td>\n (5,822)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 196,424<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 531,824<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 265,703<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nWrite off of preferred share original issuance costs<\/p>\n<\/td>\n \n(6,155)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(6,155)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nPreferred dividends<\/p>\n<\/td>\n \n(1,271)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,789)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9,638)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(11,156)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Net (loss) income Common Shareholders<\/b><\/p>\n<\/td>\n ($13,248)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $193,635<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $516,031<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $254,547<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Weighted average shares \u2013 Basic \u2013 EPS (8)<\/b><\/p>\n<\/td>\n 52,430<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,331<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,393<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,365<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nAssumed conversion of diluted securities (7)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n191<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Weighted average shares \u2013 Diluted \u2013 EPS (8)<\/b><\/p>\n<\/td>\n 52,430<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,352<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,584<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,405<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Basic earnings per share:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nFrom continuing operations<\/p>\n<\/td>\n \n$(0.25)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$3.51<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$9.69<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$4.16<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nFrom discontinued operations<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.18<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.12<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.69<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nTotal<\/p>\n<\/td>\n \n$(0.25)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$3.69<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$9.81<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$4.85<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Diluted earnings per share:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nFrom continuing operations<\/p>\n<\/td>\n \n$(0.25)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$3.52<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$9.65<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$4.16<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nFrom discontinued operations<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.17<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.12<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.69<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nTotal<\/p>\n<\/td>\n \n$(0.25)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$3.69<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$9.77<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$4.85<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(1)<\/p>\n<\/td>\n Rental income:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nMinimum rents<\/p>\n<\/td>\n \n$20,826<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$65,497<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$176,496<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$292,449<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nGround lease minimum rents<\/p>\n<\/td>\n \n1,310<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,188<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,968<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,773<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nStraight-line rent, net and amortization of (above)\/below-market rent, net<\/p>\n<\/td>\n \n786<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,202<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,446<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,208<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nPercentage and overage rent<\/p>\n<\/td>\n \n632<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,545<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,651<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,570<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nRecoveries<\/p>\n<\/td>\n \n8,401<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24,408<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n70,360<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n113,214<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nUncollectible revenue<\/p>\n<\/td>\n \n109<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(278)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n702<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,010)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nAncillary and other rental income<\/p>\n<\/td>\n \n519<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,858<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,329<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,300<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nLease termination fees<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,334<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n558<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(2)<\/p>\n<\/td>\n \nIncludes allocated general and administrative expense<\/p>\n<\/td>\n \n1,193<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,779<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,046<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,833<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(3)<\/p>\n<\/td>\n \nIncludes NOI from wholly-owned assets sold in 2024<\/p>\n<\/td>\n \n43<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nN\/A<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n88,815<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nN\/A<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(4)<\/p>\n<\/td>\n \nCurbline Shared Services Agreement (\u201cSSA\u201d) fee<\/p>\n<\/td>\n \n593<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n593<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nCurbline SSA gross up<\/p>\n<\/td>\n \n499<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n499<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nEmbedded Lease SSA (included in rental income)<\/p>\n<\/td>\n \n(369)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(369)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(5)<\/p>\n<\/td>\n \nSeparation and other charges<\/p>\n<\/td>\n \n361<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,032<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,709<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,046<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(6)<\/p>\n<\/td>\n \nInterest income (fees), net<\/p>\n<\/td>\n \n1,775<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,553<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n31,620<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,348<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nTransaction costs<\/p>\n<\/td>\n \n(941)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(42)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,685)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(836)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nCurbline SSA gross up<\/p>\n<\/td>\n \n(499)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(499)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDebt extinguishment costs<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(92)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(42,822)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(50)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nGain on debt retirement and gain (loss) on equity derivative instruments<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,103<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,375)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,103<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(7)<\/p>\n<\/td>\n \nCurbline assets classified as a “discontinued operation” for financial reporting purposes on a retrospective basis<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(8)<\/p>\n<\/td>\n \nPrior periods presented have been adjusted to reflect the Company’s one-for-four reverse stock split<\/p>\n<\/td>\n<\/tr>\n<\/table>\n SITE Centers Corp.<\/b><\/p>\n<\/td>\n<\/tr>\n Reconciliation:<\/b> Net Income to FFO and Operating FFO<\/p>\n<\/td>\n<\/tr>\n \nand Other Financial Information<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nin thousands, except per share<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 4Q24<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 4Q23<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 12M24<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 12M23<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Net (loss) income attributable to Common Shareholders<\/b><\/p>\n<\/td>\n ($13,248)<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $193,635<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $516,031<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $254,547<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDepreciation and amortization of real estate<\/p>\n<\/td>\n \n12,467<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36,754<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n97,186<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n175,156<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nEquity in net income of JVs<\/p>\n<\/td>\n \n324<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(82)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(82)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(6,577)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nJVs’ FFO<\/p>\n<\/td>\n \n1,337<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,654<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,040<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,981<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDiscontinued operations’ FFO adjustments (1)<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,771<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n29,556<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n31,478<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nNon-controlling interests<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nImpairment of real estate<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n66,600<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nGain on sale and change in control of interests<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,669)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,749)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nGain on disposition of real estate, net<\/p>\n<\/td>\n \n(50)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(187,796)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(633,219)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(218,655)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n FFO attributable to Common Shareholders<\/b><\/p>\n<\/td>\n $830<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $52,936<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $79,443<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $240,199<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nSeparation and other charges<\/p>\n<\/td>\n \n361<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,308<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,709<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,752<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDiscontinued operations’ transaction and debt extinguishment costs<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,323<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,851<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,376<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nWrite-off of preferred share original issuance costs<\/p>\n<\/td>\n \n6,155<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,155<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nTransaction, debt extinguishment and other (at SITE’s share)<\/p>\n<\/td>\n \n941<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n515<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,154<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,648<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDerivative mark-to-market<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,103)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,412<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,103)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nTotal non-operating items, net<\/p>\n<\/td>\n \n7,457<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,043<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n87,281<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,673<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Operating FFO attributable to Common Shareholders<\/b><\/p>\n<\/td>\n $8,287<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $53,979<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $166,724<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $247,872<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nWeighted average shares & units \u2013 Basic: FFO & OFFO (2)<\/p>\n<\/td>\n \n52,430<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n52,331<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n52,393<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n52,377<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nAssumed conversion of dilutive securities (2)<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n191<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n40<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Weighted average shares & units \u2013 Diluted: FFO & OFFO (2)<\/b><\/p>\n<\/td>\n 52,430<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,352<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,584<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 52,417<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n FFO per share \u2013 Basic (2)<\/b><\/p>\n<\/td>\n $0.02<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $1.01<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $1.52<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $4.59<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n FFO per share \u2013 Diluted (2)<\/b><\/p>\n<\/td>\n $0.02<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $1.01<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $1.51<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $4.58<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Operating FFO per share \u2013 Basic (2)<\/b><\/p>\n<\/td>\n $0.16<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $1.03<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $3.18<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $4.73<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Operating FFO per share \u2013 Diluted (2)<\/b><\/p>\n<\/td>\n $0.16<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $1.03<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $3.17<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $4.73<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Common stock dividends declared, per share (2)<\/b><\/p>\n<\/td>\n $0.00<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $1.16<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $1.04<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $2.72<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Capital expenditures (SITE Centers share) (3):<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nRedevelopment costs<\/p>\n<\/td>\n \n39<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,148<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,849<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,462<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nMaintenance capital expenditures<\/p>\n<\/td>\n \n753<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,960<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,937<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15,413<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nTenant allowances and landlord work<\/p>\n<\/td>\n \n1,897<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14,001<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25,486<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,892<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nLeasing commissions<\/p>\n<\/td>\n \n389<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,477<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,634<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,092<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nConstruction administrative costs (capitalized)<\/p>\n<\/td>\n \n320<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n776<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,973<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,171<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Certain non-cash items (SITE Centers share) (3):<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nStraight-line rent<\/p>\n<\/td>\n \n670<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n578<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,159<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,621<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nStraight-line fixed CAM<\/p>\n<\/td>\n \n22<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n98<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n178<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n329<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nAmortization of below-market rent\/(above), net<\/p>\n<\/td>\n \n177<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n754<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,777<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,057<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nStraight-line ground rent expense (income)<\/p>\n<\/td>\n \n18<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(25)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n20<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(155)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDebt fair value and loan cost amortization<\/p>\n<\/td>\n \n(908)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,261)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(5,398)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(4,741)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nCapitalized interest expense<\/p>\n<\/td>\n \n25<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n322<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n571<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,238<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nStock compensation expense<\/p>\n<\/td>\n \n(327)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,965)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(6,285)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7,083)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nNon-real estate depreciation expense<\/p>\n<\/td>\n \n(597)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,402)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(4,168)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(5,466)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(1)<\/p>\n<\/td>\n \nDiscontinued operations’ FFO adjustments<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDepreciation and amortization of real estate investments<\/p>\n<\/td>\n \n$0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$8,771<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$29,556<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$31,849<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nLoss (gain) on disposition of real estate, net<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(371)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$8,771<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$29,556<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$31,478<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(2)<\/p>\n<\/td>\n \nPrior periods presented have been adjusted to reflect the Company’s one-for-four reverse stock split<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(3)<\/p>\n<\/td>\n \nExcludes amounts from discontinued operations for all periods<\/p>\n<\/td>\n<\/tr>\n<\/table>\n SITE Centers Corp.<\/b><\/p>\n<\/td>\n<\/tr>\n Balance Sheet: <\/b>Consolidated Interests<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n$ in thousands<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n At Period End<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 4Q24<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 4Q23<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Assets:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nLand<\/p>\n<\/td>\n \n$204,722<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$614,328<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nBuildings<\/p>\n<\/td>\n \n964,845<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,688,953<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nFixtures and tenant improvements<\/p>\n<\/td>\n \n254,152<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n479,196<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,423,719<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,782,477<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDepreciation<\/p>\n<\/td>\n \n(654,389)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,434,209)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n769,330<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,348,268<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nConstruction in progress and land<\/p>\n<\/td>\n \n2,682<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n37,875<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nReal estate, net<\/p>\n<\/td>\n \n772,012<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,386,143<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nInvestments in and advances to JVs<\/p>\n<\/td>\n \n30,431<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n39,372<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nCash<\/p>\n<\/td>\n \n54,595<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n551,402<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nRestricted cash<\/p>\n<\/td>\n \n13,071<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16,908<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nReceivables and straight-line rents (1)<\/p>\n<\/td>\n \n25,437<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n54,096<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nIntangible assets, net (2)<\/p>\n<\/td>\n \n28,759<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n86,363<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nAmounts receivable from Curbline<\/p>\n<\/td>\n \n1,771<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nOther assets, net<\/p>\n<\/td>\n \n7,526<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,434<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nAssets related to discontinued operations<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n921,632<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Total Assets<\/b><\/p>\n<\/td>\n 933,602<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 4,061,350<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Liabilities and Equity:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nRevolving credit facilities<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nUnsecured debt<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,303,243<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nUnsecured term loan<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n198,856<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nSecured debt<\/p>\n<\/td>\n \n301,373<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n98,418<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n301,373<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,600,517<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDividends payable<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n63,806<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nAmounts payable to Curbline<\/p>\n<\/td>\n \n33,762<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nOther liabilities (3)<\/p>\n<\/td>\n \n81,723<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n162,490<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nLiabilities related to discontinued operations<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n58,994<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Total Liabilities<\/b><\/p>\n<\/td>\n 416,858<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1,885,807<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nPreferred shares<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n175,000<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nCommon shares<\/p>\n<\/td>\n \n5,247<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,359<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nPaid-in capital<\/p>\n<\/td>\n \n3,981,597<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,990,982<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDistributions in excess of net income<\/p>\n<\/td>\n \n(3,473,458)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,934,736)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nDeferred compensation<\/p>\n<\/td>\n \n8,041<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,167<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nAccumulated other comprehensive income<\/p>\n<\/td>\n \n5,472<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,121<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nCommon shares in treasury at cost<\/p>\n<\/td>\n \n(10,155)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(72,350)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Total Equity<\/b><\/p>\n<\/td>\n 516,744<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 2,175,543<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Total Liabilities and Equity<\/b><\/p>\n<\/td>\n $933,602<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $4,061,350<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(1)<\/p>\n<\/td>\n \nStraight-line rents (including fixed CAM), net<\/p>\n<\/td>\n \n$8,653<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$23,162<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(2)<\/p>\n<\/td>\n \nOperating lease right of use assets<\/p>\n<\/td>\n \n15,818<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17,373<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n(3)<\/p>\n<\/td>\n \nOperating lease liabilities<\/p>\n<\/td>\n \n35,532<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n37,108<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nBelow-market leases, net<\/p>\n<\/td>\n \n9,306<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24,853<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250227530146\/en\/<\/a><\/span><\/p>\n\n
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\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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