SITE Centers (SITC) 10-K 23 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ / shares in Units, $ in Billions	12 Months Ended
	Dec. 31, 2022	Feb. 15, 2023	Jun. 30, 2022	Dec. 31, 2021
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity File Number	1-11690
Entity Tax Identification Number	34-1723097
Entity Address, Address Line One	3300 Enterprise Parkway
Entity Address, City or Town	Beachwood
Entity Address, Postal Zip Code	44122
City Area Code	216
Local Phone Number	755-5500
Entity Address, State or Province	OH
Entity Registrant Name	SITE Centers Corp.
Entity Central Index Key	0000894315
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Common Stock, Par or Stated Value Per Share	$ 0.10			$ 0.10
Document Annual Report	true
Document Transition Report	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Incorporation, State or Country Code	OH
Entity Common Stock, Shares Outstanding		210,373,369
Entity Public Float			$ 2.6
Documents Incorporated by Reference	The registrant incorporates by reference in Part III hereof portions of its definitive Proxy Statement for its 2023 Annual Meeting of Shareholders.
ICFR Auditor Attestation Flag	true
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Cleveland, Ohio
Common Shares [Member]
Document Information [Line Items]
Trading Symbol	SITC
Security Exchange Name	NYSE
Title of 12(b) Security	Common Shares
6.375% Class A Cumulative Redeemable Preferred Shares [Member]
Document Information [Line Items]
Trading Symbol	SITC PRA
Security Exchange Name	NYSE
Title of 12(b) Security	Cumulative Redeemable Preferred Shares

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Land	$ 1,066,852	$ 1,011,401
Buildings	3,733,805	3,624,164
Fixtures and tenant improvements	576,036	556,056
Total real estate rental property	5,376,693	5,191,621
Less: Accumulated depreciation	(1,652,899)	(1,571,569)
Real estate rental property, net	3,723,794	3,620,052
Construction in progress and land	56,466	47,260
Total real estate assets, net	3,780,260	3,667,312
Investments in and advances to joint ventures, net	44,608	64,626
Cash and cash equivalents	20,254	41,807
Restricted cash	960	1,445
Accounts receivable	63,926	61,382
Other assets, net	135,009	130,479
Total assets	4,045,017	3,967,051
Unsecured indebtedness:
Senior notes, net	1,453,923	1,451,768
Term loan, net	198,521	99,810
Revolving credit facilities	0	0
Total unsecured indebtedness	1,652,444	1,551,578
Mortgage debt	54,577	125,799
Total indebtedness	1,707,021	1,677,377
Accounts payable and other liabilities	214,985	218,779
Dividends payable	30,389	28,243
Total liabilities	1,952,395	1,924,399
Commitments and contingencies (Note 11)
SITE Centers Equity
Common shares, with par value, $0.10 stated value; 300,000,000 shares authorized; 214,371,498 and 211,286,874 shares issued at December 31, 2022 and December 31, 2021, respectively	21,437	21,129
Additional paid-in capital	5,974,216	5,934,166
Accumulated distributions in excess of net income	(4,046,370)	(4,092,783)
Deferred compensation obligation	5,025	4,695
Accumulated other comprehensive income	9,038	0
Less: Common shares in treasury at cost: 3,787,279 and 287,645 shares at December 31, 2022 and December 31, 2021, respectively	(51,518)	(5,349)
Total SITE Centers shareholders' equity	2,086,828	2,036,858
Non-controlling interests	5,794	5,794
Total equity	2,092,622	2,042,652
Total liabilities and equity	4,045,017	3,967,051
Class A Cumulative Redeemable Preferred Shares [Member]
SITE Centers Equity
Cumulative redeemable preferred shares	$ 175,000	$ 175,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Common shares, par value	$ 0.10	$ 0.10
Common shares, shares authorized	300,000,000	300,000,000
Common shares, shares issued	214,371,498	211,286,874
Treasury at cost	3,787,279	287,645
Class A Cumulative Redeemable Preferred Shares [Member]
Cumulative redeemable preferred shares, liquidation value	$ 500	$ 500
Cumulative redeemable preferred shares, shares authorized	750,000	750,000
Cumulative redeemable preferred shares, shares issued	350,000	350,000
Cumulative redeemable preferred shares, shares outstanding	350,000	350,000
Preferred stock dividend rate	6.375%	6.375%
Cumulative redeemable preferred shares, par value

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from operations:
Rental income	$ 537,106	$ 490,799	$ 414,864
Fee and other income	15,247	42,065	45,469
Total revenue from operations	552,353	532,864	460,333
Rental operation expenses:
Operating and maintenance	89,278	76,716	68,801
Real estate taxes	80,706	76,071	69,601
Impairment charges	2,536	7,270	5,200
General and administrative	46,564	55,052	52,881
Depreciation and amortization	203,546	185,768	170,669
Total rental operation expenses	422,630	400,877	367,152
Other income (expense):
Interest income	0	0	11,888
Interest expense	(77,692)	(76,383)	(77,604)
Other income (expense), net	(2,540)	(1,185)	(18,400)
Total other income (expense)	(80,232)	(77,568)	(84,116)
Income before earnings from equity method investments and other items	49,491	54,419	9,065
Equity in net income of joint ventures	27,892	47,297	1,516
Reserve of preferred equity interests, net	0	0	(19,393)
Gain on sale and change in control of interests, net	45,581	19,185	45,464
Gain on disposition of real estate, net	46,644	6,065	1,069
Income before tax expense	169,608	126,966	37,721
Tax expense of taxable REIT subsidiaries and state franchise and income taxes	(816)	(1,550)	(1,131)
Net income	168,792	125,416	36,590
Income attributable to non-controlling interests, net	(73)	(481)	(869)
Net income attributable to SITE Centers	168,719	124,935	35,721
Write-off of preferred share original issuance costs	0	(5,156)	0
Preferred dividends	(11,156)	(13,656)	(20,531)
Net income attributable to common shareholders	$ 157,563	$ 106,123	$ 15,190
Per share data:
Basic	$ 0.74	$ 0.51	$ 0.08
Diluted	$ 0.73	$ 0.51	$ 0.08

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 168,792	$ 125,416	$ 36,590
Other comprehensive income:
Foreign currency translation, net	0	(1)	(3,363)
Reclassification adjustment for foreign currency translation included in net income	0	2,683	0
Change in cash flow hedges, net of amount reclassed to earnings	9,038	0	1,172
Total other comprehensive income (loss)	9,038	2,682	(2,191)
Comprehensive income	177,830	128,098	34,399
Total comprehensive income attributable to non-controlling interests	(73)	(481)	(869)
Total comprehensive income attributable to SITE Centers	$ 177,757	$ 127,617	$ 33,530

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Preferred Shares [Member]	Common Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Distributions in Excess of Net Income [Member]	Deferred Compensation Obligation [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock at Cost [Member]	Non-Controlling Interests [Member]
Beginning Balance at Dec. 31, 2019	$ 1,981,478	$ 325,000	$ 19,382	$ 5,700,400	$ (4,066,099)	$ 7,929	$ (491)	$ (7,707)	$ 3,064
Beginning Balance, shares at Dec. 31, 2019			193,823
Issuance of common shares related to stock plans	3,798	0	$ 18	(108)	0	0	0	3,888	0
Issuance of common shares related to stock plans, shares			172
Repurchase of common shares	(7,500)	0	$ 0	0	0	0	0	(7,500)	0
Stock-based compensation, net	2,422	0	$ 0	4,872	0	(2,450)	0		0
Stock-based compensation, net, shares			0
Distributions to non-controlling interests	(618)	0	$ 0	0	0	0	0	0	(618)
Dividends declared- common shares	(48,625)	0	0	0	(48,625)	0	0	0	0
Dividends declared- preferred shares	(20,531)	0	0	0	(20,531)	0	0	0	0
Comprehensive income (loss)	34,399	0	0	0	35,721	0	(2,191)	0	869
Ending Balance at Dec. 31, 2020	1,944,823	325,000	$ 19,400	5,705,164	(4,099,534)	5,479	(2,682)	(11,319)	3,315
Ending Balance, shares at Dec. 31, 2020			193,995
Issuance of common shares related to stock plans	263	0	$ 33	230	0	0	0	0	0
Issuance of common shares related to stock plans, shares			331
Issuance of common shares for cash offering	$ 224,974	0	$ 1,696	219,355	0	0	0	3,923	0
Issuance of common shares for cash offering, shares	17,250		16,961
Redemption of preferred shares, Value	$ (150,019)	(150,000)	$ 0	5,137	(5,156)	0	0	0	0
Redemption of preferred shares, shares			0
Stock-based compensation, net	14,752	0	$ 0	13,489	0	(784)	0	2,047	0
Stock-based compensation, net, shares			0
Distributions to non-controlling interests	(67)	0	$ 0	0	0	0	0	0	(67)
Acquisition of non-controlling interest	(7,144)	0	0	(9,209)	0				2,065
Dividends declared- common shares	(99,711)	0	0	0	(99,711)	0	0	0	0
Dividends declared- preferred shares	(13,317)	0	0	0	(13,317)	0	0	0	0
Comprehensive income (loss)	128,098	0	0	0	124,935	0	2,682	0	481
Ending Balance at Dec. 31, 2021	2,042,652	175,000	$ 21,129	5,934,166	(4,092,783)	4,695	0	(5,349)	5,794
Ending Balance, shares at Dec. 31, 2021			211,287
Issuance of common shares related to stock plans	91	0	$ 65	26	0	0	0	0	0
Issuance of common shares related to stock plans, shares			657
Issuance of common shares for cash offering	36,724	0	$ 243	36,481	0	0	0	0	0
Issuance of common shares for cash offering, shares			2,427
Repurchase of common shares	(42,256)	0	$ 0	0	0	0	0	(42,256)	0
Stock-based compensation, net	1,342	0	$ 0	4,925	0	330	0	(3,913)	0
Stock-based compensation, net, shares			0
Distributions to non-controlling interests	(73)	0	$ 0	0	0	0	0	0	(73)
Acquisition of non-controlling interest	(1,382)	0	0	(1,382)	0	0	0	0	0
Dividends declared- common shares	(111,150)	0	0	0	(111,150)	0	0	0	0
Dividends declared- preferred shares	(11,156)	0	0	0	(11,156)	0	0	0	0
Comprehensive income (loss)	177,830	0	0	0	168,719	0	9,038	0	73
Ending Balance at Dec. 31, 2022	$ 2,092,622	$ 175,000	$ 21,437	$ 5,974,216	$ (4,046,370)	$ 5,025	$ 9,038	$ (51,518)	$ 5,794
Ending Balance, shares at Dec. 31, 2022			214,371

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flow from operating activities:
Net income	$ 168,792	$ 125,416	$ 36,590
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization	203,546	185,768	170,669
Stock-based compensation	7,218	13,533	8,800
Amortization and write-off of debt issuance costs and fair market value of debt adjustments	5,075	4,312	4,601
Loss on debt extinguishment	0	0	16,568
Equity in net income of joint ventures	(27,892)	(47,297)	(1,516)
Reserve of preferred equity interests, net	0	0	19,393
Operating cash distributions from joint ventures	903	5,103	3,258
Gain on sale and change in control of interests, net	(45,581)	(19,185)	(45,464)
Gain on disposition of real estate, net	(46,644)	(6,065)	(1,069)
Impairment charges	2,536	7,270	5,200
Assumption of buildings due to ground lease terminations	(2,900)	0	(3,025)
Change in notes receivable accrued interest	0	0	4,128
Net change in accounts receivable	(5,525)	15,873	(11,654)
Net change in accounts payable and accrued expenses	(125)	(2,986)	(7,749)
Net change in other operating assets and liabilities	(2,141)	773	(8,560)
Total adjustments	88,470	157,099	153,580
Net cash flow provided by operating activities	257,262	282,515	190,170
Cash flow from investing activities:
Real estate acquired, net of liabilities and cash assumed	(335,100)	(130,570)	0
Real estate developed and improvements to operating real estate	(114,825)	(76,563)	(63,816)
Proceeds from disposition of real estate	201,819	29,696	1,553
Proceeds from sale of joint venture interests	39,250	0	140,441
Proceeds from distribution of preferred investment	0	190,000	0
Equity contributions to joint ventures	(167)	(4,599)	(1,068)
Distributions from unconsolidated joint ventures	41,464	65,558	17,868
Repayment of joint venture advances, net	0	929	0
Repayment of notes receivable	0	0	7,500
Net cash flow provided by investing activities	(167,559)	74,451	102,478
Cash flow from financing activities:
Repayment of revolving credit facilities, net	0	(135,000)	130,000
Proceeds from unsecured term loan	100,000	0	0
Payment of debt issuance costs	(7,602)	0	0
Repayment of senior notes, including repayment costs	0	0	(216,568)
Repayment of term loan and mortgage debt	(71,209)	(215,285)	(41,881)
Proceeds from issuance of common shares, net of offering expenses	36,724	224,974	0
Redemption of preferred shares	0	(150,019)	0
Repurchase of common shares in conjunction with equity award plans and dividend reinvestment plan	(5,928)	(6,056)	(2,425)
Repurchase of common shares	(42,256)	0	(7,500)
Acquisition of non-controlling interest	(1,382)	(7,144)	0
Distributions to non-controlling interests and redeemable operating partnership units	(72)	(56)	(641)
Dividends paid	(120,016)	(99,541)	(98,348)
Net cash flow used for financing activities	(111,741)	(388,127)	(237,363)
Effect of foreign exchange rate changes on cash and cash equivalents	0	(1)	(4)
Net (decrease) increase in cash, cash equivalents and restricted cash	(22,038)	(31,161)	55,285
Cash, cash equivalents and restricted cash, beginning of year	43,252	74,414	19,133
Cash, cash equivalents and restricted cash, end of year	$ 21,214	$ 43,252	$ 74,414

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Nature of Business SITE Centers Corp. and its related consolidated real estate subsidiaries (collectively, the “Company” or “SITE Centers”) and unconsolidated joint ventures are primarily engaged in the business of owning, leasing, acquiring, redeveloping, developing and managing shopping centers. Unless otherwise provided, references herein to the Company or SITE Centers include SITE Centers Corp. and its wholly-owned subsidiaries. The Company’s tenant base includes a mixture of national and regional retail chains and local tenants. Consequently, the Company’s credit risk is primarily concentrated in the retail industry. Amounts relating to the number of properties, joint ventures’ interests and acreage are unaudited. Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the year. Actual results could differ from those estimates. Principles of Consolidation The consolidated financial statements include the results of the Company and all entities in which the Company has a controlling interest or has been determined to be the primary beneficiary of a variable interest entity (“VIE”). All significant inter-company balances and transactions have been eliminated in consolidation. Investments in real estate joint ventures in which the Company has the ability to exercise significant influence, but does not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, the Company’s share of the earnings (or loss) of these joint ventures is included in consolidated net income (loss). Statements of Cash Flows and Supplemental Disclosure of Non-Cash Investing and Financing Information Non-cash investing and financing activities are summarized as follows (in millions): For the Year Ended December 31, 2022 2021 2020 Consolidation of the net assets (excluding mortgages as disclosed $ 42.8 $ 132.3 $ 272.6 Acquisition of non-controlling interest — 2.1 — Investment in joint ventures related to net assets acquired 8.5 11.6 86.4 Mortgages assumed, of previously unconsolidated joint ventures — 73.9 196.6 Mortgages assumed, shopping center acquisitions — 17.9 — Accounts payable related to construction in progress 12.2 13.4 6.3 Dividends declared, but not paid 30.4 28.2 14.8 Tax receivable – investment sale proceeds — 2.1 — Assumption of buildings due to ground lease terminations 2.9 — 3.0 Write-off of preferred share original issuance costs — 5.1 — Real Estate Real estate assets, which include construction in progress and undeveloped land, are stated at cost less accumulated depreciation. Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows: Buildings Useful lives, ranging from 31.5 to 40 years Building improvements and fixtures Useful lives, ranging from 3 to 20 years Tenant improvements Shorter of economic life or lease terms The Company periodically assesses the useful lives of its depreciable real estate assets and accounts for any revisions, which are not material for the periods presented, prospectively. Expenditures for maintenance and repairs are charged to operations as incurred. Significant expenditures that improve or extend the life of the asset are capitalized. Construction in Progress and Land includes undeveloped land, as well as construction in progress related to shopping center developments and expansions. The Company capitalized certain direct costs (salaries and related personnel) and incremental internal construction costs of $ 4.0 million, $ 3.1 million and $ 3.0 million in 2022, 2021 and 2020 , respectively. Purchase Price Accounting The Company’s acquisitions were accounted for as asset acquisitions, and the Company capitalized the acquisition costs incurred. Upon acquisition of properties, the Company estimates the fair value of acquired tangible assets, consisting of land, building and improvements and intangibles, generally including above- and below-market leases and in-place leases. The Company allocates the purchase price to assets acquired and liabilities assumed on a gross basis based on their relative fair values at the date of acquisition. The fair value of land of an acquired property considers the value of land as if the site was unimproved based on comparable market transactions. The fair value of the building is determined as if it were vacant by applying a capitalization rate to property net operating income based upon market leasing assumptions. Above- and below-market lease values are calculated based on the present value (using a discount rate that reflects the risks associated with the leases acquired) of the difference between contractual rents and estimated market rents, measured over a period equal to the remaining term of the lease for above-market leases and the remaining term plus the estimated term of any below-market, renewal options for below-market leases. The capitalized above- and below-market lease values are amortized to base rental revenue over the related lease term plus fixed-rate renewal options, as appropriate. The value of acquired in-place leases is recorded based on the present value of the estimated gross monthly market rental rate for each individual lease multiplied by the estimated period of time it would take to lease the space to a new tenant. Such amounts are amortized to expense over the remaining initial lease term. Real Estate Impairment Assessment The Company reviews its individual real estate assets, including undeveloped land and construction in progress, and intangibles for potential impairment indicators whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment indicators are primarily related to changes in estimated hold periods and significant, prolonged decreases in projected cash flows; however, other impairment indicators could occur. Decreases in cash flows may be caused by declines in occupancy, projected losses on potential future sales, market factors, significant changes in projected development costs or completion dates and sustainability of development projects. An asset with impairment indicators is considered impaired when the undiscounted future cash flows are not sufficient to recover the asset’s carrying value. The determination of anticipated undiscounted cash flows is inherently subjective, requiring significant estimates made by management, and considers the most likely expected course of action at the balance sheet date based on current plans, intended holding periods and available market information. If the Company is evaluating the potential sale of an asset, the undiscounted future cash flows analysis is probability-weighted based upon management’s best estimate of the likelihood of the alternative courses of action as of the balance sheet date. If an asset’s carrying value is not recoverable, an impairment loss is recognized based on the excess of the carrying amount of the asset over its fair value. The Company recorded aggregate impairment charges of $ 2.5 million, $ 7.3 million and $ 5.2 million, related to consolidated real estate investments, during the years ended December 31, 2022, 2021 and 2020 , respectively (Note 14). Disposition of Real Estate and Real Estate Investments Sales of nonfinancial assets, such as real estate, are recognized when control of the asset transfers to the buyer, which will occur when the buyer has the ability to direct the use of, or obtain substantially all of the remaining benefits from, the asset. This generally occurs when the transaction closes and consideration is exchanged for control of the asset. A discontinued operation includes only the disposal of a component of an entity and represents a strategic shift that has (or will have) a major effect on an entity’s financial results. The disposition of the Company’s individual properties did not qualify for discontinued operations presentation, and thus, the results of the properties that have been sold remain in income from continuing operations, and any associated gains or losses from the disposition are included in Gain on Disposition of Real Estate. Real Estate Held for Sale The Company generally considers assets to be held for sale when management believes that a sale is probable within a year. This generally occurs when a sales contract is executed with no substantive contingencies and the prospective buyer has significant funds at risk. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value, less cost to sell. The Company evaluated its property portfolio and did not identify any properties that would meet the above-mentioned criteria for held for sale as of December 31, 2022 and 2021 . Interest and Real Estate Taxes Interest and real estate taxes incurred relating to the construction and redevelopment of shopping centers are capitalized and depreciated over the estimated useful life of the building. This includes interest incurred on funds invested in or advanced to unconsolidated joint ventures with qualifying development activities. The Company will cease the capitalization of these costs when construction activities are substantially completed and the property is available for occupancy by tenants. If the Company suspends substantially all activities related to development of a qualifying asset, the Company will cease capitalization of interest and taxes until activities are resumed. Interest paid during the years ended December 31, 2022, 2021 and 2020 aggregated $ 71.3 million, $ 70.2 million and $ 76.0 million, respectively, of which $ 1.1 million, $ 0.6 million and $ 0.9 million, respectively, was capitalized. Investments in and Advances to Joint Ventures To the extent that the Company’s cost basis in an unconsolidated joint venture is different from the basis reflected at the joint venture level, the basis difference is amortized over the life of the related assets and included in the Company’s share of equity in net income (loss) of the joint venture and, if the related asset is sold, the basis difference is written off. Periodically, management assesses whether there are any indicators that the value of the Company’s investments in unconsolidated joint ventures may be impaired. An investment is impaired only if the Company’s estimate of the fair value of the investment is less than the carrying value of the investment and such difference is deemed to be other than temporary. Investment impairment charges create a basis difference between the Company’s share of accumulated equity as compared to the investment balance of the respective unconsolidated joint venture. The Company allocates the aggregate impairment charge to each of the respective properties owned by the joint venture on a relative fair value basis and amortizes this basis differential as an adjustment to the equity in net income (loss) recorded by the Company over the estimated remaining useful lives of the underlying assets. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. The Company maintains cash deposits with major financial institutions, which from time to time may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal. Restricted Cash Restricted cash represents amounts on deposit with financial institutions primarily for debt service payments, real estate taxes, capital improvements and operating reserves as required pursuant to the respective loan agreement. For purposes of the Company’s consolidated statements of cash flows, changes in restricted cash are aggregated with cash and cash equivalents. Accounts Receivable The Company makes estimates of the collectability of its accounts receivable related to base rents, including straight-line rentals, expense reimbursements and other revenue or income. Rental income has been reduced for amounts the Company believes are not probable of being collected. The Company analyzes tenant credit worthiness, as well as current economic and tenant-specific sector trends when evaluating the probability of collection of accounts receivable. In evaluating tenant credit worthiness, the Company’s assessment may include a review of payment history, tenant sales performance and financial position. For larger national tenants, the Company also evaluates projected liquidity, as well as the tenant’s access to capital and the overall health of the particular sector. In addition, with respect to tenants in bankruptcy, the Company makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the probability of collection of the related receivable. The time to resolve these claims may exceed one year. These estimates have a direct impact on the Company’s earnings because once the amount is not considered probable of being collected, earnings are reduced by a corresponding amount until the receivable is collected. See discussion below under Revenue Recognition regarding cash-basis tenants. Accounts receivable, excluding straight-line rents receivable, do not include estimated amounts not probable of being collected (including contract disputes) of $ 1.5 million and $ 3.0 million at December 31, 2022 and 2021, respectively. Accounts receivable are generally expected to be collected within one year. At December 31, 2022 and 2021, straight-line rents receivable, net of a provision for uncollectible amounts of $ 1.7 million and $ 1.6 million, respectively, aggregated $ 31.9 million and $ 29.8 million, respectively. Deferred Charges External costs and fees incurred in obtaining indebtedness are included in the Company’s consolidated balance sheets as a direct deduction from the related debt liability. Debt issuance costs related to the Company’s revolving credit facility remain classified as an asset on the consolidated balance sheets as these costs are, at the outset, not associated with an outstanding borrowing. The aggregate costs are amortized over the terms of the related debt agreements. Such amortization is reflected in Interest Expense in the Company’s consolidated statements of operations. Treasury Shares The Company’s share repurchases are reflected as treasury shares utilizing the cost method of accounting and are presented as a reduction to consolidated shareholders’ equity. Reissuances of the Company’s treasury shares at an amount below cost are recorded as a charge to paid-in capital due to the Company’s cumulative distributions in excess of net income. Revenue Recognition For the real estate industry, leasing transactions are not within the scope of the revenue standard. A majority of the Company’s tenant-related revenue is recognized pursuant to lease agreements and is governed by the leasing guidance. Historically, the majority of the Company’s lease commission revenue was recognized 50 % upon lease execution and 50 % upon tenant rent commencement. Upon adoption of Topic 606, lease commission revenue is generally recognized in its entirety upon lease execution. Rental Income Rental Income on the consolidated statements of operations includes contractual lease payments that generally consist of the following: • Fixed-lease payments, which include fixed payments associated with expense reimbursements from tenants for common area maintenance, taxes and insurance from tenants in shopping centers and are recognized on a straight-line basis over the non-cancelable term of the lease, which generally ranges from one mon th to 30 years, and include the effects of applicable rent steps and abatements. • Variable lease payments, which include percentage and overage income, recognized after a tenant’s reported sales have exceeded the applicable sales breakpoint set forth in the applicable lease. • Variable lease payments associated with expense reimbursements from tenants for common area maintenance, taxes, insurance and other property operating expenses, based upon the tenant’s lease provisions, which are recognized in the period the related expenses are incurred. • Lease termination payments, which are recognized upon the effective termination of a tenant’s lease when the Company has no further obligations under the lease. • Ancillary and other property-related rental payments, primarily composed of leasing vacant space to temporary tenants, kiosk income, and parking income, which are recognized in the period earned. For those tenants where the Company is unable to assert that collection of amounts due over the lease term is probable, the Company has categorized these tenants on the cash basis of accounting. As a result, no rental income is recognized from such tenants once they have been placed on the cash basis of accounting until payments are received. Revenues from Contracts with Customers The Company’s revenues from contracts with customers generally relate to asset and property management fees, leasing commissions and development fees. These revenues are derived from the Company’s management agreements with RVI and unconsolidated joint ventures and, in the case of unconsolidated joint ventures, are recognized to the extent attributable to the unaffiliated ownership in the unconsolidated joint venture to which it relates. Termination rights under these contracts vary by contract but generally include termination for cause by either party, or generally due to sale of the property. Asset and Property Management Fees Asset and property management services include property maintenance, tenant coordination, accounting and financial services. Asset and property management services represent a series of distinct daily services. Accordingly, the Company satisfies the performance obligation as services are rendered over time. The Company is compensated for property management services through a monthly management fee, which is typically earned based on a specified percentage of the monthly rental receipts generated from the property under management. The Company is compensated for asset management services through a fee that is billed to the customer monthly and recognized as revenue monthly as the services are rendered, based on a percentage of aggregate asset value or capital contributions for assets under management at the end of the quarter. In 2022, the asset management fee under the RVI external management agreement was paid quarterly based upon an annual flat fee of $ 500,000 . Through December 31, 2021, the asset management fee under the RVI external management agreement was paid monthly based on the initial aggregate appraised value of the RVI properties. RVI property management fees were paid monthly generally based on the average gross revenue collected during the three months immediately preceding the most recent December 31 or June 30. The Company received a supplemental fee from RVI for the period July 1, 2020 to June 30, 2021 to negate the adverse impact of the COVID-19 pandemic on revenue collection and the resulting reduction to the property management fee payable to the Company. Property Leasing The Company provides strategic advice and execution to third parties, including RVI and certain joint ventures, in connection with the leasing of retail space. The Company is compensated for services in the form of a commission. The commission is paid upon the occurrence of certain contractual events that may be contingent. For example, a portion of the commission may be paid upon execution of the lease by the tenant, with the remaining paid upon occurrence of another future contingent event (e.g., payment of first month’s rent or tenant move-in). The Company typically satisfies its performance obligation at a point in time when control is transferred, generally at the time of the first contractual event where there is a present right to payment. The Company looks to history, experience with a customer and deal-specific considerations to support its judgment that the second contingency will be met. Therefore, the Company typically accelerates the recognition of revenue associated with the second contingent event (if any) to the point in time when control of its service is transferred. Development Services Development services consist of construction management oversight services such as hiring general contractors, reviewing plans and specifications, performing inspections, reviewing documentation and providing accounting services. These services represent a series of distinct services and are recognized over time as services are rendered. The Company is compensated monthly for services based on a percentage of the aggregate amount spent on the construction during the month. Disposition Fees The Company received disposition fees equal to 1 % of the gross sales price of each RVI asset sold. The Company was compensated at the time of the closing of the sale transaction. RVI completed the sale of its assets in April 2022. Leases The Company’s accounting policies include the following: • As a lessee — short-term lease exception for certain of the Company’s office leases; • As a lessor — to include operating lease liabilities in the asset group and include the associated operating lease payments in the undiscounted cash flows when considering recoverability of a long-lived asset group and • As a lessor — to exclude from lease payments taxes assessed by a governmental authority that are both imposed on and concurrent with lease revenue-producing activity and collected by the lessor from the lessee (e.g., sales tax). ROU assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not include an implicit rate, the Company used its incremental borrowing rate based on the information available at the commencement date of the standard in determining the present value of lease payments. For each lease, the Company utilized a market-based approach to estimate the incremental borrowing rate (“IBR”), which required significant judgment. The Company estimated base IBRs based on an analysis of (i) yields on the Company’s outstanding public debt, as well as that of comparable companies, (ii) observable mortgage rates and (iii) unlevered property yields and discount rates. The Company applied adjustments to the base IBRs to account for full collateralization and lease term. Operating lease ROU assets also include any lease payments made. The Company has options to extend certain of the ground and office leases; however, these options were not considered as part of the lease term when calculating the lease liability, as they were not reasonably certain to be exercised. Lease expense for lease payments is recognized on a straight-line basis over the lease term. General and Administrative Expenses General and administrative expenses include certain internal leasing and legal salaries and related expenses associated with the re-leasing of existing space, which are charged to operations as incurred. Equity-Based Plans Compensation cost relating to stock-based payment transactions classified as equity is recognized in the financial statements based upon the grant date fair value. The forfeiture rate is based on actual experience. Stock-based compensation cost recognized by the Company was $ 6.8 million, $ 13.0 million and $ 8.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. Income Taxes The Company has made an election to qualify, and believes it is operating so as to qualify, as a real estate investment trust (“REIT”) for federal income tax purposes. Accordingly, the Company generally will not be subject to federal income tax, provided that it makes distributions to its shareholders equal to at least the amount of its REIT taxable income as defined under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), and continues to satisfy certain other requirements. In connection with the REIT Modernization Act, the Company is permitted to participate in certain activities and still maintain its qualification as a REIT, so long as these activities are conducted in entities that elect to be treated as taxable subsidiaries (a “TRS”) under the Code. As such, the Company is subject to federal and state income taxes on the income from these activities. In the normal course of business, the Company or one or more of its subsidiaries is subject to examination by federal, state and local tax jurisdictions, as well as certain jurisdictions outside the United States, in which it operates, where applicable. The Company expects to recognize interest and penalties related to uncertain tax positions, if any, as income tax expense. For the three years ended December 31, 2022, the Company recognized no material adjustments regarding its tax accounting treatment for uncertain tax provisions. As of December 31, 2022 , the tax years that remain subject to examination by the major tax jurisdictions under applicable statutes of limitations are generally the year 2019 and forward. Deferred Tax Assets The Company accounts for income taxes related to its TRS under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the income statement in the period that includes the enactment date. The Company records net deferred tax assets to the extent it believes it is more likely than not that these assets will be realized. A valuation allowance is recorded against the deferred tax assets when the Company determines that an uncertainty exists regarding their realization, which would eliminate the benefit of deferred tax assets or increase the provision for income taxes. In making such determination, the Company considers all available positive and negative evidence, including forecasts of future taxable income, the reversal of other existing temporary differences, available net operating loss carryforwards, tax planning strategies and recent results of operations. Several of these considerations require assumptions and significant judgment about the forecasts of future taxable income and must be consistent with the plans and estimates that the Company is utilizing to manage its business. As a result, to the extent facts and circumstances change, an assessment of the need for a valuation allowance should be made. Segments For the years ended December 31, 2022 and 2021, the Company had only one reportable operating segment. For the year ended December 31, 2020, the Company had two reportable operating segments: shopping centers and loan investments. In the fourth quarter of 2020, the Company transferred and redeemed its loan investments (preferred equity interests) in BRE DDR Retail Holdings III and BRE DDR Retail Holdings IV (the “BRE DDR Joint Ventures”) in exchange for the acquisition of certain of the underlying assets of two joint ventures . The Company’s chief operating decision maker may review operational and financial data on a property basis and does not differentiate among properties on a geographical basis for purposes of allocating resources or capital. The Company evaluates individual property performance primarily based on net operating income before depreciation, amortization and certain nonrecurring items. Each consolidated shopping center is considered a separate operating segment; however, each shopping center, on a stand-alone basis, represents less than 10 % of revenues, profit or loss, and assets of the combined reported operating segment and meets the majority of the aggregations criteria under the applicable standard. Derivative and Hedging Activities The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that is attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even if hedge accounting does not apply or the Company elects not to apply hedge accounting. Fair Value Hierarchy The standard Fair Value Measurements specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). The following summarizes the fair value hierarchy: • Level 1 Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2 Quoted prices for identical assets and liabilities in markets that are inactive, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly, such as interest rates and yield curves that are observable at commonly quoted intervals and • Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2022
Revenue From Contract With Customer [Abstract]
Revenue Recognition	2. Revenue Recognition Impact of the COVID-19 Pandemic on Revenue and Receivables Beginning in March 2020, the retail sector was significantly impacted by the COVID‑19 pandemic. Though the impact of the COVID-19 pandemic on tenant operations varied by tenant category, local conditions and applicable government mandates, a significant number of the Company’s tenants experienced a reduction in sales and foot traffic, and many tenants were forced to limit their operations or close their businesses for a period of time, primarily in 2020. The COVID‑19 pandemic also had a significant impact on the Company’s collection of rents from April 2020 through the end of 2020. The Company engaged in discussions with most of its larger tenants that failed to satisfy all or a portion of their rent obligations and agreed to terms on rent-deferral arrangements (and, in a small number of cases, rent abatements) and other lease modifications with a significant number of such tenants. As of December 31, 2022, the COVID-19-related deferral arrangements for tenants that were not accounted for on the cash basis have been repaid. For those tenants where the Company is unable to assert that collection of amounts due over the lease term is probable, regardless if the Company has entered into a deferral agreement to extend the payment terms, the Company has categorized these tenants on the cash basis of accounting. As a result, all existing accounts receivable relating to these tenants have been reserved in full, including straight-line rental income, and no rental income is recognized from such tenants once they have been placed on the cash basis of accounting until payments are received. The Company will remove the cash basis designation and resume recording rental income from such tenants on a straight-line basis at such time it believes collection from the tenants is probable based upon a demonstrated payment history, improved liquidity, the addition of credit-worthy guarantors or a recapitalization event. During the year ended December 31, 2022, the Company recorded net uncollectible revenue that resulted in rental income of $ 1.4 million primarily due to rental income paid in 2022 related to outstanding amounts owed for prior periods from tenants on the cash basis of accounting. During the year ended December 31 2021, the Company recorded net uncollectible revenue that resulted in rental income of $ 9.4 million (the Company’s share of unconsolidated joint ventures was $ 1.6 million), primarily due to rental income paid in 2021 related to outstanding amounts owed from tenants on the cash basis of accounting that were contractually due in 2020. During the year ended December 31, 2020, tenants on the cash basis of accounting and other related reserves resulted in a reduction of rental income of $ 31.9 million (the Company’s share of unconsolidated joint ventures was $ 4.4 million). These amounts also include reductions in contractual rental payments due from tenants as compared to pre-modification payments due to the impact of lease modifications, with a partial increase in straight-line rent to offset a portion of the impact on net income. Fee and Other Income Fee and Other Income on the consolidated statements of operations includes revenue from contracts with customers and other property-related income and is recognized in the period earned as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 Revenue from contracts: Asset and property management fees $ 8,308 $ 25,798 $ 31,255 Leasing commissions and development fees 1,863 3,878 6,956 RVI disposition fees 385 9,016 3,142 RVI credit facility guaranty fees — 60 60 Total revenue from contracts with customers 10,556 38,752 41,413 Other property income 4,691 3,313 4,056 Total fee and other income $ 15,247 $ 42,065 $ 45,469

Investments in and Advances to

Investments in and Advances to Joint Ventures	12 Months Ended
	Dec. 31, 2022
Equity Method Investments And Joint Ventures [Abstract]
Investments in and Advances to Joint Ventures	3. Investments in and Advances to Joint Ventures The Company’s equity method joint ventures, which are included in Investments in and Advances to Joint Ventures in the Company’s consolidated balance sheet at December 31, 2022 , are as follows: Unconsolidated Real Estate Ventures Partner Effective Operating Dividend Trust Portfolio JV LP Chinese Institutional Investors 20.0 % 10 DDRM Joint Venture Madison International Realty 20.0 7 RVIP IIIB, Deer Park, IL Prudential 25.75 1 Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands): December 31, 2022 2021 Condensed Combined Balance Sheets Land $ 212,326 $ 378,442 Buildings 643,334 1,092,245 Fixtures and tenant improvements 70,636 123,313 926,296 1,594,000 Less: Accumulated depreciation ( 220,642 ) ( 441,215 ) 705,654 1,152,785 Construction in progress and land 1,965 5,778 Real estate, net 707,619 1,158,563 Cash and restricted cash 44,809 37,535 Receivables, net 11,671 16,854 Other assets, net 36,272 49,029 $ 800,371 $ 1,261,981 Mortgage debt $ 535,093 $ 873,336 Notes and accrued interest payable to the Company 2,972 3,331 Other liabilities 41,588 51,473 579,653 928,140 Accumulated equity 220,718 333,841 $ 800,371 $ 1,261,981 Company's share of accumulated equity $ 42,644 $ 59,286 Basis differentials ( 707 ) 2,946 Deferred development fees, net of portion related to the Company's interest ( 301 ) ( 937 ) Amounts payable to the Company 2,972 3,331 Investments in and Advances to Joint Ventures, net $ 44,608 $ 64,626 For the Year Ended December 31, 2022 2021 2020 Condensed Combined Statements of Operations Revenues from operations $ 132,494 $ 195,559 $ 252,946 Expenses from operations: Operating expenses 35,319 53,391 77,040 Impairment charges 17,550 — 33,240 Depreciation and amortization 46,518 66,618 99,779 Interest expense 34,055 43,379 60,010 Preferred share expense — — 15,708 Other income (expense), net 12,303 12,074 13,796 145,745 175,462 299,573 (Loss) income before gain on disposition of real estate ( 13,251 ) 20,097 ( 46,627 ) Gain on disposition of real estate, net 120,097 89,935 9,257 Net income (loss) attributable to unconsolidated joint ventures $ 106,846 $ 110,032 $ ( 37,370 ) Company's share of equity in net income of joint ventures $ 22,262 $ 49,417 $ 1,109 Basis differential adjustments (A) 5,630 ( 2,120 ) 407 Equity in net income of joint ventures $ 27,892 $ 47,297 $ 1,516 (a) The difference between the Company’s share of net income, as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, the recognition of deferred gains, differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges. The impact of the COVID-19 pandemic on revenues for the Company’s joint ventures is more fully described in Note 2. Revenues earned by the Company related to all of the Company’s unconsolidated joint ventures and interest income on its preferred interests are as follows (in millions): For the Year Ended December 31, 2022 2021 2020 Revenue from contracts: Asset and property management fees $ 7.7 $ 10.6 $ 12.8 Leasing commissions and development fees 1.9 2.2 4.2 9.6 12.8 17.0 Other: Interest income (A) — — 12.0 Other 1.0 1.7 2.1 1.0 1.7 14.1 $ 10.6 $ 14.5 $ 31.1 (A) Interest income recorded in 2020 related to preferred equity interests in the BRE DDR Joint Ventures, which were transferred or redeemed in the fourth quarter of 2020. The Company’s joint venture agreements generally include provisions whereby each partner has the right to trigger a purchase or sale of its interest in the joint venture or to initiate a purchase or sale of the properties after a certain number of years or if either party is in default of the joint venture agreements. The Company is not obligated to purchase the interests of its outside joint venture partners under these provisions. Disposition of Joint Venture Interests In 2022, the Company acquired its joint venture partner's 80 % equity interest in one asset owned by the DDRM Joint Venture (Casselberry Commons, Casselberry, Florida) for $ 35.6 million and stepped up the previous 20 % interest due to change in control. The transaction resulted in Gain on Sale and Change in Control of Interests of $ 3.3 million (Note 5). In 2022, the Company sold its 20 % interest in the SAU Joint Venture to its partner, the State of Utah, based on a gross asset value of $ 155.7 million (at 100 %). In addition, the Company sold its 50 % interest in Lennox Town Center to its partner based on a gross asset value of $ 77.0 million (at 100 %). These transactions resulted in Gain on Sale of Interests of $ 42.2 million. In 2021, one of the Company’s unconsolidated joint ventures sold its sole asset, which was a parcel of undeveloped land in Richmond Hill, Ontario. The Company’s share of net proceeds totaled $ 22.1 million, after accounting for customary closing costs and foreign currency translation but before income tax. The Company recorded an aggregate gain on the transaction of $ 14.9 million, which included its $ 2.8 million share of the gain reported by the joint venture, as well as $ 12.1 million related to the Company’s promoted interest on the disposition of the investment net of the write-off of the accumulated foreign currency translation and contingent estimated income taxes. Subsequent to the transaction, the Company has no other investments outside the United States. In 2021, the Company acquired the 80 % equity interest in six assets owned by the DDRM Joint Venture for $ 107.2 million and stepped up the previous 20 % interest due to change in control, with $ 73.9 million of mortgage debt related to the properties repaid at closing. The transaction resulted in a Gain on Sale and Change in Control of Interests of $ 7.2 million (Note 5). In connection with estimating the fair value of the net assets acquired from the DDRM Joint Venture, the fair value of each property was estimated, and the aggregate gross fair value of the properties acquired was estimated to be $ 134.0 million (at 100 %) based on the consideration paid for the partner's interest. The valuation technique used to value the properties was a discounted cash flow analysis for each property. The discounted cash flow analyses used to estimate the fair value of properties acquired involves significant estimates and assumptions, including discount rates, exit capitalization rates and certain market leasing assumptions. In 2020, the Company sold its 15 % interest in the DDRTC Joint Venture to its partner, an affiliate of TIAA-CREF and recorded a Gain on Sale of Joint Venture Interests of $ 45.6 million in connection with this sale. In addition, in the fourth quarter of 2020, the Company transferred and redeemed its common and preferred equity interests in the BRE DDR Joint Ventures in exchange for the acquisition of certain of the underlying assets resulting in a Loss on Sale of Joint Venture Interests of $ 0.2 million. Disposition of Joint Venture Assets In addition to the transactions above, the Company’s joint ventures sold 16 , six and two shopping centers and land parcels for an aggregate sales price of $ 439.2 million, $ 135.5 million and $ 27.7 million, respectively, of which the Company’s share of the gain on sale was $ 27.0 million, $ 36.6 million and $ 1.8 million for the years ended December 31, 2022, 2021 and 2020, respectively. All transactions with the Company’s equity affiliates are described above.

Investment In and Advances to A

Investment In and Advances to Affiliate	12 Months Ended
	Dec. 31, 2022
Investments In And Advances To Affiliates [Abstract]
Investment In and Advances to Affiliate	4. Investment In and Advances to Affiliate On July 1, 2018, the Company completed the spin-off of RVI. At the time of the spin-off, RVI owned 48 shopping centers, comprised of 36 assets in the continental U.S. and 12 assets in Puerto Rico, representing $ 2.7 billion of gross book asset value and $ 1.27 billion of mortgage debt. RVI sold its remaining asset in April 2022. In connection with the spin-off, on July 1, 2018, the Company and RVI entered into a separation and distribution agreement, pursuant to which, among other things, the Company agreed to transfer the properties and certain related assets, liabilities and obligations to RVI and to distribute 100 % of the outstanding common shares of RVI to holders of record of SITE Centers’ common shares as of the close of business on June 26, 2018, the record date. On the spin-off date, holders of SITE Centers’ common shares received one common share of RVI for every ten shares of SITE Centers’ common stock held on the record date. In connection with the spin-off of RVI, RVI issued 1,000 shares of its series A preferred stock ("the RVI Preferred Shares") to the Company, which were noncumulative and had no mandatory dividend rate. The RVI Preferred Shares ranked, with respect to dividend rights, and rights upon liquidation, dissolution or winding up of RVI, senior in preference and priority to RVI’s common shares and any other class or series of RVI’s capital stock and had a “preference amount” equal to $ 190.0 million in the aggregate. In October 2021, the Company received a cash distribution of $ 190.0 million on the RVI Preferred Shares and RVI subsequently repurchased the RVI Preferred Shares for $ 1.00 . As of December 31, 2021, the Company no longer had an investment in RVI. On July 1, 2018, the Company and RVI also entered into an external management agreement, which, together with various property management agreements, governed the fees, terms and conditions pursuant to which SITE Centers managed RVI and its properties through December 31, 2021. The Company and RVI entered into a new external management agreement effective January 1, 2022 to govern the Company’s management of RVI’s remaining property and the wind-up of its operations. Pursuant to these management agreements, the Company has provided RVI with day-to-day management, subject to supervision and certain discretionary limits and authorities granted by the RVI Board of Directors. RVI does not have any employees. The Company and RVI also entered into a tax matters agreement, which governs the rights and responsibilities of the parties following the spin-off with respect to various tax matters and provides for the allocation of tax-related assets, liabilities and obligations. In connection with the new external management agreement, in 2022, the Company recorded Fee and Other Income on the Consolidated Statements of Operations of $ 1.0 million. Revenue from the original July 1, 2018 management agreements with RVI, which were terminated at the conclusion of 2021, was included in Fee and Other Income on the consolidated statements of operations and was composed of the following (in millions): For the Year Ended December 31, 2021 2020 Revenue from contracts with RVI: Asset and property management fees $ 15.2 $ 18.4 Leasing commissions 1.7 2.8 Disposition fees 9.0 3.1 Credit facility guaranty fees 0.1 0.1 Total revenue from contracts with RVI $ 26.0 $ 24.4

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Acquisitions	5. Acquisitions In 2022 and 2021, the Company acquired the following shopping centers (in millions): Asset Location Date Purchase Face Value of Artesia Village Scottsdale, Arizona January 2022 $ 14.5 $ — Casselberry Commons Casselberry, Florida February 2022 35.6 (A) Shops at Boca Center Boca Raton, Florida March 2022 90.0 — Shoppes of Crabapple Alpharetta, Georgia April 2022 4.4 — La Fiesta Square Lafayette, California May 2022 60.8 — Lafayette Mercantile Lafayette, California May 2022 43.0 — Shops at Tanglewood Houston, Texas June 2022 22.2 — Boulevard at Marketplace Fairfax, Virginia June 2022 10.4 — Fairfax Marketplace Fairfax, Virginia June 2022 16.0 — Fairfax Pointe Fairfax, Virginia June 2022 8.4 — Parkwood Shops Atlanta, Georgia July 2022 8.4 — Chandler Center Chandler, Arizona August 2022 5.3 — Shops at Power and Baseline Mesa, Arizona August 2022 4.6 — Northsight Plaza Scottsdale, Arizona August 2022 6.1 — Broadway Center Tempe, Arizona August 2022 7.0 — Shops on Montview Denver, Colorado November 2022 5.8 — Shoppes at Addison Place Delray Beach, Florida May 2021 40.0 17.9 Emmet Street Station Charlottesville, Virginia May 2021 8.8 — Hammond Springs Atlanta, Georgia September 2021 31.0 — Belgate Shopping Center (land parcel) Charlotte, North Carolina November 2021 1.1 — Emmet Street North Charlottesville, Virginia December 2021 3.9 — At Home (Single Box) Princeton, New Jersey December 2021 15.8 — Village Square at Golf Boynton Beach, Florida December 2021 (A) (A) Shoppes at Paradise Point Fort Walton Beach, Florida December 2021 (A) (A) Midway Plaza Tamarac, Florida December 2021 (A) (A) North Point Plaza Tampa, Florida December 2021 (A) (A) The Shoppes at New Tampa Wesley Chapel, Florida December 2021 (A) (A) Paradise Shoppes of Ellenwood Ellenwood, Georgia December 2021 (A) (A) Paradise Village Gateway Phoenix, Arizona December 2021 (B) (B) (A) Acquired its joint venture partner's 80 % equity interest from the DDRM Joint Venture. In 2022, the purchase price was $ 44.5 million at 100 % (or $ 35.6 million at 80 %). In 2021, the purchase price for the six assets was $ 134.0 million at 100 % (or $ 107.2 million at 80 %), and the mortgage debt of $ 73.9 million was repaid at closing. The purchase price was equal to the estimated fair value of the property plus transaction costs incurred (Note 3). (B) Acquired its joint venture partner’s 33 % interest in a consolidated joint venture, Paradise Village Gateway. The partner’s 33 % ownership was previously reflected as non-controlling interest on the Company’s balance sheet (Note 12). The Company repaid the mortgage debt of $ 27.6 million at closing. The fair value of the acquisitions was allocated as follows (in thousands): Weighted-Average 2022 2021 2022 2021 Land $ 94,014 $ 75,732 N/A N/A Buildings 227,354 135,537 (A) (A) Tenant improvements 4,612 3,620 (A) (A) Construction in progress — 1,109 N/A N/A In-place leases (including lease origination costs and fair 29,972 27,829 6.4 5.6 Other assets assumed 503 1,005 N/A N/A 356,455 244,832 Less: Mortgage debt assumed at fair value — ( 91,833 ) N/A N/A Less: Below-market leases ( 9,907 ) ( 8,504 ) 13.9 16.0 Less: Other liabilities assumed ( 2,957 ) ( 2,336 ) N/A N/A Fair value of non-controlling interest — 7,144 N/A N/A Net assets acquired $ 343,591 $ 149,303 (A) Depreciated in accordance with the Company’s policy (Note 1). 2022 2021 Consideration: Cash (including debt repaid at closing) $ 335,100 $ 137,714 Gain on Change in Control of Interests 3,319 7,210 Carrying value of previously held common equity interests (A) 5,172 4,379 Total consideration $ 343,591 $ 149,303 (A) The significant inputs used to value the previously held equity interests were determined to be Level 3 for all of the applicable acquisitions. In 2022 and 2021, the weighted-average discount rate applied to cash flows was approximately 8.0 % and 7.3 %, respectively, and the weighted-average residual capitalization rate applied was approximately 6.0 % and 6.8 %, respectively. Included in the Company’s consolidated statements of operations are $ 18.4 million, $ 3.9 million and $ 7.3 million in total revenues from the date of acquisition through December 31, 2022, 2021 and 2020 , respectively, for properties acquired during each of the respective years.

Other Assets and Intangibles, n

Other Assets and Intangibles, net	12 Months Ended
	Dec. 31, 2022
Other Assets [Abstract]
Other Assets and Intangibles, net	6. Other Assets and Intangibles, net Other assets and intangibles consist of the following (in thousands): December 31, 2022 2021 Intangible assets: In-place leases, net $ 61,918 $ 64,464 Above-market leases, net 6,206 7,390 Lease origination costs, net 8,093 6,636 Tenant relationships, net 11,531 15,569 Total intangible assets, net 87,748 94,059 Operating lease ROU assets (A) 18,197 19,047 Other assets: Prepaid expenses 6,721 7,722 Swap receivable 8,138 — Other assets 3,491 1,708 Deposits 3,188 3,796 Deferred charges, net 7,526 4,147 Total other assets, net $ 135,009 $ 130,479 Below-market leases, net (other liabilities) $ 59,825 $ 59,690 (A) Operating lease ROU assets are discussed further in Note 7. Amortization expense related to the Company’s intangibles, excluding above- and below-market leases, was as follows (in millions): Year Expense 2022 $ 27.5 2021 21.6 2020 15.8 Estimated net future amortization associated with the Company’s intangibles is as follows (in millions): Year Income Expense 2023 $ 4.7 $ 22.2 2024 4.8 18.0 2025 4.8 12.0 2026 4.6 7.5 2027 4.4 5.1

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	7. Leases Lessee The Company is engaged in the operation of shopping centers that are either owned or, with respect to certain shopping centers, operated under long-term ground leases that expire at various dates through 2070. The Company also leases office space in the ordinary course of business under lease agreements that expire at various dates through 2030. Certain of the lease agreements include variable payments for reimbursement of common area expenses. The Company determines if an arrangement is a lease at inception. Operating lease ROU assets and operating lease liabilities are included in the Company’s consolidated balance sheets as follows (in thousands): December 31, Classification 2022 2021 Operating Lease ROU Assets Other Assets, Net $ 18,197 $ 19,047 Operating Lease Liabilities Accounts Payable and Other Liabilities 37,777 38,491 Operating lease expenses, including straight-line expense, included in Operating and Maintenance Expense for the Company’s ground leases and General and Administrative expense for its office leases are as follows (in thousands): December 31, Classification 2022 2021 2020 Operating and Maintenance $ 2,596 $ 2,645 $ 2,716 General and Administrative (A) 2,213 2,405 2,627 Total lease costs $ 4,809 $ 5,050 $ 5,343 (A) Includes short-term leases and variable lease costs, which are immaterial. Supplemental balance sheet information related to operating leases was as follows: December 31, 2022 2021 Weighted-Average Remaining Lease Term 35.4 years 35.5 years Weighted-Average Discount Rate 7.4 % 7.4 % Cash paid for amounts included in the measurement — operating cash flows from lease liabilities (in thousands) $ 4,227 $ 4,342 As determined under Topic 842, maturities of lease liabilities were as follows for the years ended December 31, (in thousands): Year December 31, 2023 $ 3,657 2024 3,658 2025 3,717 2026 3,815 2027 3,743 Thereafter 107,371 Total lease payments 125,961 Less imputed interest ( 88,184 ) Total $ 37,777 Lessor Space in the Company’s shopping centers is leased to tenants pursuant to agreements that provide for terms generally ranging from one month to 30 years and for rents which, in some cases, are subject to upward adjustments based on operating expense levels, sales volume or contractual increases as defined in the lease agreements. The scheduled future minimum rental income from rental properties under the terms of all non-cancelable tenant leases (including those on the cash basis), assuming no new or renegotiated leases or option extensions, as determined under Topic 842 for such premises for the years ending December 31, were as follows (in thousands): Year December 31, 2023 $ 384,320 2024 343,074 2025 286,598 2026 238,366 2027 190,968 Thereafter 536,633 Total $ 1,979,959

Revolving Credit Facilities

Revolving Credit Facilities	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Revolving Credit Facilities	8. Revolving Credit Facilities The Company had no borrowings on its Revolving Credit Facility as of December 31, 2022 and 2021. In 2022, the Company amended and restated its unsecured revolving credit facility with a syndicate of financial institutions and JPMorgan Chase Bank, N.A., as administrative agent (the “Revolving Credit Facility”). The Revolving Credit Facility provides for borrowings of up to $ 950 million if certain borrowing conditions are satisfied, and an accordion feature for expansion of availability up to $ 1.45 billion, provided that new lenders agree to the existing terms of the facility or existing lenders increase their commitment level and subject to other customary conditions precedent. The Revolving Credit Facility was amended to, among other things, (i) modify the financial covenants and certain other provisions contained therein, (ii) extend the maturity date to June 2026 subject to two six-month options to extend the maturity to June 2027 upon the Company’s request (subject to satisfaction of certain conditions) and (iii) change the interest rate benchmark from the London Inter-Bank Offered Rate (“LIBOR”) to the Secured Overnight Financing Rate (“SOFR”). The Company’s borrowings under the Revolving Credit Facility bear interest at variable rates at the Company’s election, based on either (i) the SOFR rate plus a 10 basis point credit spread adjustment plus an applicable margin ( 0.85 % at December 31, 2022), or (ii) the alternative base rate plus an applicable margin ( 0 % at December 31, 2022 ). The Revolving Credit Facility also provides for an annual facility fee, which was 20 basis points on the entire facility at December 31, 2022 . The applicable margins and facility fee vary depending on the Company’s long-term senior unsecured debt ratings from Moody’s, S&P and Fitch (or their respective successors). The Revolving Credit Facility also features a sustainability-linked pricing component whereby the applicable interest rate margin can be adjusted by one or two basis points if the Company meets certain sustainability performance targets. The Company is required to comply with certain covenants under the Revolving Credit Facility relating to total outstanding indebtedness, secured indebtedness, value of unencumbered real estate assets and fixed-charge coverage. The Company was in compliance with these financial covenants at December 31, 2022 and 2021 . In 2022, in connection with the amendment and restatement of the Revolving Credit Facility described above, the Company terminated its separate $ 20 million unsecured revolving credit facility with PNC Bank, National Association.

Unsecured and Secured Indebtedn

Unsecured and Secured Indebtedness	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Unsecured and Secured Indebtedness	9. Unsecured and Secured Indebtedness The following table discloses certain information regarding the Company’s unsecured and secured indebtedness (in millions): Carrying Value at Interest Rate (A) at Maturity Date at 2022 2021 2022 2021 December 31, 2022 Unsecured indebtedness: Senior notes (B) $ 1,460.0 $ 1,460.0 3.375 %– 4.700 % 3.375 %– 4.700 % May 2023 – Senior notes – discount, net ( 2.3 ) ( 3.1 ) Net unamortized debt issuance costs ( 3.8 ) ( 5.1 ) Total Senior Notes $ 1,453.9 $ 1,451.8 Term Loan $ 200.0 $ 100.0 4.0 % (C) 1.1 % June 2027 Net unamortized debt issuance costs ( 1.5 ) ( 0.2 ) Total Term Loan $ 198.5 $ 99.8 Secured indebtedness: Mortgage Indebtedness – Fixed Rate $ 54.9 $ 126.5 4.5 % 4.2 % February 2024 – Net unamortized debt issuance costs ( 0.3 ) ( 0.7 ) Total Mortgage Indebtedness $ 54.6 $ 125.8 (A) The interest rates reflected above for the senior notes represent the range of the coupon rate of the notes outstanding. All other interest rates presented are a weighted average of the outstanding debt. Interest rate on variable-rate debt was calculated using the base rate and spreads effective December 31, 2021. (B) Effective interest rates ranged from 3.5 % to 4.8 % as of December 31, 2022 and 2021. (C) Reflects the utilization of a swap, which caps the variable rate (SOFR) interest rate at 2.75 %, plus a 10 basis point credit spread adjustment plus the applicable margin (0.95% at December 31, 2022), which is based on the Company’s long-term unsecured debt rating as described below. Senior Notes The Company’s various fixed-rate senior notes have interest coupon rates that averaged 4.1 % per annum at December 31, 2022 and 2021 . The senior notes may be redeemed prior to maturity based upon a yield maintenance calculation. The fixed-rate senior notes were issued pursuant to indentures that contain certain covenants, including limitations on incurrence of debt, maintenance of unencumbered real estate assets and debt service coverage. The covenants also provide that the cumulative dividends declared or paid from December 31, 1993, through the end of the current period cannot exceed Funds From Operations (as defined in the agreement) plus an additional $20.0 million for the same period unless required to maintain REIT status. Interest is paid semiannually in arrears. At December 31, 2022 and 2021 , the Company was in compliance with all of the financial covenants under the indentures. Term Loan As of December 31, 2022, the Company’s Term Loan (as defined below) had outstanding borrowings of $ 200.0 million, all of which have been converted to a fixed interest rate of 3.8 % through the utilization of a swap (Note 10). In 2022, the Company amended and restated its $ 100 million unsecured term loan with a syndicate of financial institutions and Wells Fargo Bank, National Association, as administrative agent (the “Term Loan”) to, among other things, (i) modify the financial covenants and certain other provisions contained therein in a manner consistent with the amendments made to the Revolving Credit Facility, (ii) extend the maturity date to June 2027 , (iii) add a $ 100 million delayed draw feature (that was drawn upon in June 2022) and (iv) change the interest rate benchmark from LIBOR to SOFR. The Term Loan bears interest at variable rates equal to (i) the SOFR rate plus a 10 basis point credit spread adjustment plus an applicable margin ( 0.95 % at December 31, 2022) or (ii) the alternative base rate plus an applicable margin ( 0.0 % at December 31, 2022 ). The applicable margins vary depending on the Company’s long-term senior unsecured debt ratings from Moody’s, S&P and Fitch (or their respective successors). In August 2022, the variable rate (SOFR) component of the interest rate applicable to $ 200 million of the Term Loan was converted to a fixed rate of 2.75 % through the loan's maturity date. The Company may increase the principal amount of the Term Loan in the future to up to $ 800 million in the aggregate provided that existing or new lenders are identified to provide additional loan commitments and subject to other customary conditions precedent. The Term Loan also features a sustainability-linked pricing component whereby the applicable interest rate margin can be adjusted by one to two basis points if the Company meets certain sustainability performance targets. The Company is required to comply with covenants similar to those contained in the Revolving Credit Facility. The Company was in compliance with these financial covenants at December 31, 2022 and 2021 . Mortgages Payable Mortgages payable, collateralized by real estate with a net book value of $ 107.1 million at December 31, 2022, and related tenant leases are generally due in monthly installments of principal and/or interest. Fixed contractual interest rates on mortgages payable range from approximately 3.8 % to 4.9 % per annum. Scheduled Principal Repayments The schedul ed principal repayments of the Revolving Credit Facility ($ 0 at December 31, 2022, Note 8) and unsec ured and secured indebtedness, excluding extension options, as of December 31, 2022, were as follows (in thousands): Year Amount 2023 $ 88,449 2024 93,377 2025 481,542 2026 398,910 2027 649,636 1,711,914 Unamortized fair market value of assumed debt 737 Net unamortized debt issuance costs ( 5,630 ) Total indebtedness $ 1,707,021 Total gross fees paid by the Company for its revolving credit facilities and term loans in 2022, 2021 and 2020 aggregated $ 2.2 million, $ 2.1 million and $ 2.6 million, respectively.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	10. Financial Instruments and Fair Value Measurements The following methods and assumptions were used by the Company in estimating fair value disclosures of financial instruments: Measurement of Fair Value At December 31, 2022, the Company used a pay-fixed interest rate swap to manage certain of its exposure to changes in benchmark-interest rates. The estimated fair value was determined using the market standard methodology of netting the discounted fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of interest rates (forward curves) derived from observable market interest rate curves. In addition, credit valuation adjustments, which consider the impact of any credit enhancements to the contract, are incorporated in the fair value to account for potential non-performance risk, including the Company’s own non-performance risk and the respective counterparty’s non-performance risk. The Company determined that the significant inputs used to value its derivative fell within Level 2 of the fair value hierarchy. Items Measured on Fair Value on a Recurring Basis The Company maintains an interest rate swap agreement (included in Other Assets) measured at fair value on a recurring basis as of December 31, 2022 . The following table presents information about the Company’s financial assets and liabilities and indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions): Fair Value Measurements Assets (Liabilities): Level 1 Level 2 Level 3 Total December 31, 2022 Derivative Financial Instruments $ — $ 8.1 $ — $ 8.1 Other Fair Value Instruments See discussion of fair value considerations of joint venture investments in Note 14. Cash and Cash Equivalents, Restricted Cash, Accounts Receivable, Accounts Payable and Other Liabilities The carrying amounts reported in the Company’s consolidated balance sheets for these financial instruments approximated fair value because of their short-term maturities. Debt The following methods and assumptions were used by the Company in estimating fair value disclosures of debt. The fair market value of senior notes is determined using a pricing model to approximate the trading price of the Company’s public debt. The fair market value for all other debt is estimated using a discounted cash flow technique that incorporates future contractual interest and principal payments and a market interest yield curve with adjustments for duration, optionality and risk profile, including the Company’s non-performance risk and loan to value. The Company’s senior notes and all other debt are classified as Level 2 and Level 3, respectively, in the fair value hierarchy. Considerable judgment is necessary to develop estimated fair values of financial instruments. Accordingly, the estimates presented are not necessarily indicative of the amounts the Company could realize on disposition of the financial instruments. Carrying values that are different from estimated fair values are summarized as follows (in thousands): December 31, 2022 December 31, 2021 Carrying Fair Carrying Fair Senior Notes $ 1,453,923 $ 1,378,485 $ 1,451,768 $ 1,559,973 Revolving Credit Facilities and Term Loan 198,521 200,000 99,810 100,000 Mortgage Indebtedness 54,577 51,936 125,799 127,488 $ 1,707,021 $ 1,630,421 $ 1,677,377 $ 1,787,461 Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of its debt funding and, from time to time, through the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the values of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s borrowings. Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to manage its exposure to interest rate movements. To accomplish this objective, the Company generally uses swaps as part of its interest rate risk management strategy. The swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. As of December 31, 2022 , the Company had one effective swap with a notional amount of $ 200.0 million, expiring in June 2027 , which converts the variable-rate (SOFR) component of the interest rate applicable to its Term Loan to a fixed rate of 2.75 %. The effective portion of changes in the fair value of derivatives designated, and that qualify, as a cash flow hedge is recorded in Accumulated Other Comprehensive Income (“OCI”) and is subsequently reclassified into earnings, into interest expense, in the period that the hedged forecasted transaction affects earnings. All components of the swap were included in the assessment of hedge effectiveness. The Company expects to reflect within the next 12 months, a decrease to interest expense (and a corresponding increase to earnings) of approximately $ 4.0 million. The Company is exposed to credit risk in the event of non-performance by the counterparty to the swap if the derivative position has a positive balance. The Company believes it mitigates its credit risk by entering into swaps with major financial institutions. The Company continually monitors and actively manages interest costs on its variable-rate debt portfolio and may enter into additional interest rate swap positions or other derivative interest rate instruments based on market conditions. The Company has not entered, and does not plan to enter, into any derivative financial instruments for trading or speculative purposes. Credit Risk-Related Contingent Features The Company has an agreement with the swap counterparty that contains a provision whereby if the Company defaults on certain of its indebtedness, the Company could also be declared in default on the swap, resulting in an acceleration of payment under the swap.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Legal Matters The Company and its subsidiaries are subject to various legal proceedings, which, taken together, are not expected to have a material adverse effect on the Company. The Company is also subject to a variety of legal actions for personal injury or property damage arising in the ordinary course of its business, most of which are covered by insurance. While the resolution of all matters cannot be predicted with certainty, management believes that the final outcome of such legal proceedings and claims will not have a material adverse effect on the Company’s liquidity, financial position or results of operations. Commitments and Guaranties In conjunction with the redevelopment of various shopping centers, the Company had entered into commitments with general contractors aggregating approximately $ 24.4 million for its consolidated properties and $ 4.2 million for its unconsolidated properties as of December 31, 2022. These obligations, composed principally of construction contracts, are generally due within 12 to 24 months, as the related construction costs are incurred, and are expected to be financed through operating cash flow, assets sales or borrowings under the Revolving Credit Facility. These contracts typically can be changed or terminated without penalty. The Company routinely enters into contracts for the maintenance of its properties. These contracts typically can be canceled upon 30 to 60 days' notice without penalty. At December 31, 2022, the Company had purchase order obligations, typically payable within one year, aggregating approximately $ 4.9 million related to the maintenance of its properties and general and administrative expenses. At December 31, 2022, the Company had letters of credit outstanding of $ 12.9 million. The Company has not recorded any obligation associated with these letters of credit, the majority of which serve as collateral to secure the Company's obligation to third-party insurers with respect to limited reinsurance provided by the Company's captive insurance company.

Non-Controlling Interests, Pref

Non-Controlling Interests, Preferred Shares, Common Shares and Common Shares in Treasury	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Non-Controlling Interests, Preferred Shares, Common Shares and Common Shares in Treasury	12. Non-Controlling Interests, Preferred Shares, Common Shares and Common Shares in Treasury Non-Controlling Interests The Company had 140,633 Operating Partnership Units (“OP Units”) outstanding to one partnership at December 31, 2022 and 2021. These OP Units are exchangeable at the election of the OP Unit holder and, under certain circumstances at the option of the Company, for an equivalent number of the Company’s common shares or for the equivalent amount of cash. These OP Units are subject to registration rights agreements covering shares equivalent to the number of OP Units held by the holder if the Company elects to settle in its common shares. The OP Units are classified on the Company’s consolidated balance sheets as Non-Controlling Interests. In 2021, the Company acquired its partner’s 33 % interest in Paradise Village Gateway (Phoenix, Arizona), which had a value of non-controlling interest of negative $ 2.1 million for $ 7.1 million and, in 2022, the Company paid an additional $ 1.4 million in earnouts, which are reflected as Additional Paid-in Capital in the Company’s Statement of Equity (Note 5). Preferred Shares The depositary shares, representing the Class A Cumulative Redeemable Preferred Shares (“Class A Preferred Shares”), each represent 1/20 of a Class A Preferred Share and have a liquidation value of $ 500 per share. The Class A depositary shares are redeemable by the Company. The Company’s authorized preferred shares consist of the following: • 750,000 of each: Class A, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class I, Class J and Class K Cumulative Redeemable Preferred Shares, without par value • 750,000 Non-Cumulative Preferred Shares, without par value • 2,000,000 Cumulative Voting Preferred Shares, without par value In 2021, the Company redeemed all $ 150.0 million aggregate liquidation preference of its 6.250 % Class K Cumulative Redeemable Preferred Shares (the “Class K Preferred Shares”) at a redemption price of $ 500 per Class K Preferred Share (or $ 25.00 per depositary share) plus accrued and unpaid dividends of $ 7.2049 per Class K Preferred Share (or $ 0.3602 per depositary share). The Company recorded a charge of $ 5.1 million to net income attributable to common shareholders, which represents the difference between the redemption price and the carrying amount immediately prior to redemption, which was recorded to additional paid-in capital upon original issuance. Common Share Dividends For the Year Ended December 31, 2022 2021 2020 Common share dividends declared per share $ 0.52 $ 0.47 $ 0.25 Common Shares Issuance In the first six months of 2022, the Company settled 2.4 million common shares which were sold on a forward basis under its $ 250 million continuous equity program, at a weighted-average price of $ 15.79 per sh are before issuance costs resulting in gross proceeds of $ 38.3 million. In 2021, the Company issued and sold 17.25 million common shares at a weighted-average price of $ 13.06 per share before issuance costs resulting in net proceeds of $ 225.3 million. Common Shares in Treasury In 2018, the Company’s Board of Directors authorized a $ 100 million common share repurchase program all of which was utilized as of December 20, 2022. In 2022 and 2020, the Company repurchased 3.2 million and 0.8 million shares under this program at an aggregate cost of $ 42.3 million and $ 7.5 million, respectively, or a weighted-average price of $ 13.04 and $ 9.18 per share, respectively. These shares were recorded as Treasury Shares on the Company’s consolidated balance sheets. On December 20, 2022, the Company announced that its Board of Directors authorized a new common share repurchase program. Under the terms of the new program, the Company is authorized to purchase up to a maximum value of $ 100 million of its common shares. In late December 2022, the Company repurchased 0.5 million common shares at an aggregate cost of $ 6.6 million under this new program which settled in January 2023.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Other Comprehensive Income (Loss)	13. Other Comprehensive Income (Loss) The changes in Accumulated OCI by component are as follows (in thousands): Gains and Losses Foreign Total Balance, December 31, 2019 $ ( 1,172 ) $ 681 $ ( 491 ) Other comprehensive loss before reclassifications — ( 3,363 ) ( 3,363 ) Change in cash flow hedges reclassed to earnings (A) 1,172 — 1,172 Net current-period other comprehensive income (loss) 1,172 ( 3,363 ) ( 2,191 ) Balance, December 31, 2020 — ( 2,682 ) ( 2,682 ) Other comprehensive loss before reclassifications — ( 1 ) ( 1 ) Reclassification adjustment for foreign currency translation (B) — 2,683 2,683 Net current-period other comprehensive income — 2,682 2,682 Balance, December 31, 2021 $ — $ — $ — Change in cash flow hedges 9,415 — 9,415 Amounts reclassified from accumulated other comprehensive income (A) ( 377 ) — ( 377 ) Balance, December 31, 2022 (C) $ 9,038 $ — $ 9,038 (A) For the year ended December 31, 2022, classified in Interest Expense in the Company’s consolidated statements of operations. For the year ended December 31, 2020, $ 1.1 million is classified as Other Expense in the Company’s consolidated statements of operations. (B) Represents the release of foreign currency translation related to the sale of a parcel of undeveloped land in Richmond Hill, Ontario, owned by one of the Company’s joint ventures (Note 3). (C) Includes derivative financial instruments entered into by the Company on its Term Loan (Note 10) and an unconsolidated joint venture.

Impairment Charges and Reserves

Impairment Charges and Reserves	12 Months Ended
	Dec. 31, 2022
Asset Impairment Charges [Abstract]
Impairment Charges and Reserves	14. Impairment Charges and Reserves The Company recorded impairment charges and reserves based on the difference between the carrying value of the assets or investments and the estimated fair market value as follows (in millions): For the Year Ended December 31, 2022 2021 2020 Sale of building to tenant (A) $ 2.5 $ — $ — Assets marketed for sale (B) — 7.3 3.2 Undeveloped land (B) — — 2.0 Reserve of preferred equity interests (C) — — 19.4 Total impairment charges $ 2.5 $ 7.3 $ 24.6 (a) In the second quarter of 2022, the impairment charges recorded were a result of a tenant exercising a $ 7.0 million fixed-price purchase option on their building pursuant to the lease agreement. This asset was sold in the fourth quarter of 2022. (b) In 2021, the impairment charges recorded were triggered by a change in the hold period assumptions. In 2020, the impairment charges recorded were triggered by indicative bids received. (c) As a result of an aggregate valuation allowance on its preferred equity interests in the BRE DDR Joint Ventures that were transferred or redeemed in the fourth quarter of 2020. Items Measured at Fair Value For operational real estate assets, the significant valuation assumptions included the capitalization rate used in the income capitalization valuation, as well as the projected property net operating income. For the valuation of the preferred equity interests, prior to the closing of the BRE DDR Joint Ventures transactions in the fourth quarter of 2020, the significant assumptions used in the discounted cash flow analysis included the discount rate, projected net operating income, the timing of the expected redemption and the exit capitalization rates. These valuations were calculated based on market conditions and assumptions made by management at the time the valuation adjustments and impairments were recorded, which may differ materially from actual results if market conditions or the underlying assumptions change. The following table presents information about the fair value of real estate that was impaired, and therefore, measured on a fair value basis, along with the related impairment charge, for the years ended December 31, 2022, 2021 and 2020. The table also indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions). Fair Value Measurements Level 1 Level 2 Level 3 Total Total December 31, 2022 Long-lived assets held and used $ — $ — $ 7.0 $ 7.0 $ 2.5 December 31, 2021 Long-lived assets held and used — — 10.0 10.0 7.3 December 31, 2020 Long-lived assets held and used — — 11.5 11.5 5.2 Preferred equity interests — — 94.2 94.2 19.4 The following table presents quantitative information about the significant unobservable inputs used by the Company to determine the fair value for the years ended December 31, 2022 and 2021 (in millions): Quantitative Information About Level 3 Fair Value Measurements Valuation Weighted Description Fair Value Technique Unobservable Inputs Range Average December 31, 2022 Impairment of consolidated assets $ 7.0 Indicative Bid (A) Indicative Bid (A) N/A N/A December 31, 2021 Impairment of consolidated assets 10.0 Indicative Bid (A) Indicative Bid (A) N/A N/A (A) Fair value measurements based upon an indicative bid and developed by third-party sources (including offers and comparable sales values), subject to the Company’s corroboration for reasonableness. The Company does not have access to certain unobservable inputs used by these third parties to determine these estimated fair values. Assets where the Company identified an impairment charge, were generally sold within one year of the period in which the impairment charge recorded.

Stock-Based Compensation Plans

Stock-Based Compensation Plans and Employee Benefits	12 Months Ended
	Dec. 31, 2022
Postemployment Benefits [Abstract]
Stock-Based Compensation Plans and Employee Benefits	15. Stock-Based Compensation Plans and Employee Benefits Stock-Based Compensation The Company’s equity-based award plans provide for grants to Company employees and directors of incentive and non-qualified options to purchase common shares, rights to receive the appreciation in value of common shares, awards of common shares subject to restrictions on transfer, awards of common shares issuable in the future upon satisfaction of certain conditions and rights to purchase common shares and other awards based on common shares. Under the terms of the plans, 2.8 million common shares were available for grant under future awards as of December 31, 2022. Stock Options Stock options may be granted at per-share prices not less than fair market value at the date of grant and must be exercised within the maximum contractual term of 10 years thereof. The fair values for option awards granted were estimated at the date of grant using the Black-Scholes option pricing model. No option awards have been granted since December 31, 2017. The following table reflects the stock option activity: Weighted- Weighted- Aggregate Number of Options Average Remaining Intrinsic Balance December 31, 2019 350 $ 26.42 Forfeited ( 27 ) 22.20 Balance December 31, 2020 323 26.77 Forfeited ( 50 ) 25.71 Balance December 31, 2021 273 26.96 Forfeited ( 47 ) 25.29 Balance December 31, 2022 226 $ 27.31 2.3 $ — Options exercisable at December 31, 2022 226 $ 27.31 2.3 $ — 2021 273 26.96 3.1 — 2020 323 26.77 4.0 — As of December 31, 2019, all stock option compensation cost was recognized. Restricted Share Units The Board of Directors approved grants to officers of the Company of restricted common share units (“RSUs”) of 0.1 million in 2022 , 0.4 million in 2021 and 0.5 million in 2020 . These grants generally vest in equal annual amounts over a three - to four-year period. RSUs generally receive cash payments which are equivalent to the cash dividends paid on the Company’s common shares. These grants have a weighted-average fair value at the date of grant ranging from $ 7.87 to $ 15.33 , which was equal to the market value of the Company’s common shares at the date of grant. As a component of compensation to the Company’s non-employee directors, the Company issued 0.1 million common shares to the non-employee directors for the years ended December 31, 2022 and 2021. The grant value was equal to the market value of the Company’s common shares at the date of grant, and these common shares were fully vested upon grant. Performance-Based Restricted Share Units (PRSUs) In 2022, the Board of Directors approved grants to its four named executive officers and one additional officer. In 2021 and 2020, the Board of Directors approved grants to the chief executive officer and the chief financial officer And in 2019 and 2018, the Board of Directors approved grants to the chief executive officer of PRSUs covering a “target” number of shares, subject to three-year performance periods beginning on the respective March 1 and ending after a three-year period on the respective February 28. In addition, in 2020 the Board of Directors approved grants to the chief financial officer covering a “target” number of shares, subject to one-year, and two-year performance periods beginning on March 1, 2020. In 2017, the Board of Directors approved grants to the chief executive officer and the former chief operating officer of PRSUs covering a “target” number of shares, subject to one-year, two-year and three-year performance periods beginning on March 1, 2017. The payout of the PRSUs will vary based on relative total shareholder return performance measured over the applicable performance period, with the ultimate payout ranging from a level of 0 % of target to a maximum level of 200 % of target (in the case of PRSUs issued prior to 2021, subject to reduction by one-third in the event that SITE Centers’ absolute total shareholder return during the applicable performance period is negative). In March 2022, the Company issued 519,255 common shares in settlement of certain PRSUs granted in 2019 and 2020. In March 2021, the Company issued 570,295 common shares in settlement of certain PRSUs granted in 2018 and 2020. In December 2020, in connection with the termination without cause of the chief operating officer, a settlement of the PRSUs granted in 2020, 2019 and 2018 resulted in the issuance of 257,168 common shares. For the PRSUs in which the performance period ended in February 2020, no shares were granted. The 2022, 2021 and 2020 grants had a grant date fair value aggregating $ 3.9 million, $ 3.3 million and $ 4.5 million, respectively, to be amortized ratably over the performance period ending three years from the date of grant. Under the anti-dilution provisions of the Company’s equity incentive plan and the respective PRSU award agreement, the PRSUs issued in 2017 and 2018 were adjusted as of the spin-off of RVI, effective July 1, 2018, as determined by the Company’s compensation committee. The number of PRSUs was adjusted so as to retain the same intrinsic value immediately after the spin-off that the PRSU awards had immediately prior to the spin-off. In particular, upon consummation of the spin-off of RVI, the 2017 and 2018 PRSU awards were adjusted to: (1) retain the original SITE Centers’ relative total shareholder return (“RTSR”) peer group; (2) retain the SITE Centers’ beginning share price used for RTSR purposes and (3) measure ending share price as SITE Centers’ ending price plus RVI’s split-adjusted ending price (with any dividends paid during the performance period deemed reinvested into additional SITE Centers shares). Effective at the date of the spin-off, because these awards were dual-indexed to both the Company’s and RVI’s stock performance, the 2017 and 2018 PRSU awards were accounted for as liability awards and marked to fair value on a quarterly basis. In 2021 and 2020, the Company recorded a mark-to-market adjustment of $ 5.6 million as expense and $ 0.7 million as income, respectively, in connection with the PRSUs granted primarily in March 2018. These awards were settled in March 2022. Summary of Unvested Share Awards The following table reflects the activity for the unvested awards pursuant to all restricted stock grants: Awards Weighted-Average Unvested at December 31, 2021 862 $ 11.14 Granted 134 15.33 Vested ( 257 ) 12.44 Forfeited ( 6 ) 13.80 Unvested at December 31, 2022 733 $ 11.43 As of December 31, 2022, total unrecognized compensation for the restricted awards granted under the plans as summarized above was $ 8.7 million, which is expected to be recognized over a weighted-average 1.4 -year term, which includes the performance-based and time-based vesting periods. Deferred Compensation Plans The Company maintains a 401(k) defined contribution plan covering substantially all of the officers and employees of the Company in accordance with the provisions of the Code. Also, for certain officers, the Company maintains the Elective Deferred Compensation Plan and Equity Deferred Compensation Plan, both non-qualified plans, which permit the deferral of base salaries, commissions and annual performance-based cash bonuses or receipt of restricted shares. In addition, directors of the Company are permitted to defer all or a portion of their fees pursuant to the Directors’ Deferred Compensation Plan, a non-qualified plan. All of these plans were fully funded at December 31, 2022 .

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	16. Earnings Per Share The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts). For the Year Ended December 31, 2022 2021 2020 Numerators – Basic and Diluted Net income $ 168,792 $ 125,416 $ 36,590 Income attributable to non-controlling interests ( 73 ) ( 481 ) ( 869 ) Write-off of preferred share original issuance costs — ( 5,156 ) — Preferred dividends ( 11,156 ) ( 13,656 ) ( 20,531 ) Distributable earnings attributable to unvested shares and OP Units ( 484 ) ( 572 ) ( 204 ) Net income attributable to common shareholders after $ 157,079 $ 105,551 $ 14,986 Denominators – Number of Shares Basic – Average shares outstanding 212,998 208,004 193,336 Assumed conversion of dilutive securities: PRSUs 744 973 441 Forward equity — 25 — OP units 141 141 — Diluted – Average shares outstanding 213,883 209,143 193,777 Earnings Per Share: Basic $ 0.74 $ 0.51 $ 0.08 Diluted $ 0.73 $ 0.51 $ 0.08 Basic average shares outstanding do not include restricted shares totaling 0.7 million at December 31, 2022 and 0.9 million at each of the years ended December 31, 2021 and 2020 that were not vested (Note 15). The following potentially dilutive securities were considered in the calculation of EPS: • For the years ended December 31, 2022, 2021 and 2020, PRSUs issued to certain executives in March 2022, March 2021 and March 2020 were considered in the computation of dilutive EPS (Note 15). • The exchange into common shares associated with OP Units was included in the computation of diluted EPS for the years ended December 31, 2022 and 2021. The exchange into common shares associated with OP Units was not included in the computation of diluted EPS for December 31, 2020, because the effect of assuming conversion was anti-dilutive (Note 12). • The agreements to offer and sell approximately 2.2 million common shares on a forward basis were considered in the computation of diluted EPS for the year ended December 31, 2021 (Note 12). These agreements were anti-dilutive in 2022 and not outstanding in 2020. • Options to purchase 0.2 million common shares were outstanding for the year ended December 31, 2022 and 0.3 million common shares were outstanding for each of the years ending December 31, 2021 and 2020 (Note 15). These outstanding options were not considered in the computation of diluted EPS, as the options were anti-dilutive.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	17. Income Taxes The Company elected to be treated as a REIT under the Internal Revenue Code of 1986, as amended, commencing with its taxable year ended December 31, 1993. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that the Company distribute at least 90 % of its taxable income (excluding net capital gains) to its shareholders. It is management’s current intention to adhere to these requirements and maintain the Company’s REIT status. As a REIT, the Company generally will not be subject to corporate level federal income tax on taxable income it distributes to its shareholders. As the Company distributed sufficient taxable income for each of the three years ended December 31, 2022 , 2021 and 2020, no U.S. federal income or excise taxes were incurred. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain foreign, state and local taxes on its income and property and to federal income and excise taxes on its undistributed taxable income. In addition, the Company has a TRS that is subject to federal, state and local income taxes on any taxable income generated from its operational activity. In order to maintain its REIT status, the Company must meet certain income tests to ensure that its gross income consists of passive income and not income from the active conduct of a trade or business. The Company utilizes its TRS to the extent certain fee and other miscellaneous non-real estate-related income cannot be earned by the REIT. For both of the years ended December 31, 2022 and 2021, the Company made a net payment of $ 0.6 million and for the year ended December 31, 2020, $ 0.7 million related to taxes. The following represents the activity of the Company’s TRS (in thousands): For the Year Ended December 31, 2022 2021 2020 Book income (loss) before income taxes $ 6,374 $ ( 3,420 ) $ ( 240 ) Current $ — $ — $ 39 Deferred — — — Total income tax expense $ — $ — $ 39 The differences between total income tax expense and the amount computed by applying the statutory income tax rate to income before taxes with respect to its TRS activity were as follows (in thousands): For the Year Ended December 31, TRS 2022 2021 2020 Statutory Rate 21 % 21 % 21 % Statutory rate applied to pre-tax income (loss) $ 1,339 $ ( 718 ) $ ( 50 ) State income tax expense net of federal income tax benefit — — 33 Deferred tax impact of contributions of assets ( 7,542 ) ( 2,410 ) $ ( 3,617 ) Deferred tax impact of tax rate change 261 ( 366 ) ( 300 ) Valuation allowance (decrease) increase based on impact ( 261 ) 366 300 Valuation allowance increase (decrease) – other deferred 6,094 ( 1,087 ) 3,854 Expiration of capital loss carryforward — 3,584 — Other 109 631 ( 181 ) Total expense $ — $ — $ 39 Effective tax rate 0.00 % 0.00 % ( 16.20 %) Deferred tax assets and liabilities of the Company’s TRS were as follows (in thousands): For the Year Ended December 31, 2022 2021 Deferred tax assets (A) $ 37,735 $ 31,844 Deferred tax liabilities ( 142 ) ( 84 ) Valuation allowance ( 37,593 ) ( 31,760 ) Net deferred tax asset $ — $ — (A) At December 31, 2022, primarily attributable to $ 21.6 million of net operating losses and $ 10.2 million of book/tax differences in joint venture investments. At December 31, 2021, primarily attributable to $ 20.5 million of net operating losses, $ 3.8 million of book/tax differences in joint venture investments. The TRS net operating loss carryforwards will expire in varying amounts between the years 2024 and 2035 , except for approximately $ 6.1 million that does not expire and is limited to 80 % of taxable income. Reconciliation of GAAP net income attributable to SITE Centers to taxable income is as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 GAAP net income attributable to SITE Centers $ 168,719 $ 124,935 $ 35,721 Plus: Book depreciation and amortization (A) 182,227 162,342 154,051 Less: Tax depreciation and amortization (A) ( 127,506 ) ( 115,735 ) ( 105,385 ) Book/tax differences on losses from capital transactions ( 50,784 ) ( 28,114 ) ( 45,808 ) Joint venture equity (earnings) loss, net (A) ( 67,862 ) ( 15,480 ) 10,572 Deferred income ( 3,925 ) ( 1,158 ) ( 13,197 ) Compensation expense 7,129 11,534 4,031 Impairment charges 2,536 7,270 24,593 Miscellaneous book/tax differences, net ( 2,547 ) ( 20,183 ) 549 Taxable income before adjustments 107,987 125,411 65,127 Less: Net operating loss carryforward — ( 28,576 ) — Less: Capital gains ( 7,664 ) — — Taxable income subject to the 90 % dividend requirement $ 100,323 $ 96,835 $ 65,127 (A) Depreciation expense from majority-owned subsidiaries and affiliates, which is consolidated for financial reporting purposes but not for tax reporting purposes, is included in the reconciliation item “Joint venture equity (earnings) loss, net.” For the years ended December 31, 2022, 2021 and 2020, cash dividends paid for tax purposes were equivalent to, or in excess of taxable income.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	18. Segment Information In the fourth quarter of 2020, the Company transferred and redeemed its loan investments (preferred equity interests) in the BRE DDR Joint Ventures in exchange for the acquisition of certain of the underlying assets of the two joint ventures. As such, beginning on January 1, 2021, the Company has one reportable operating segment. The table below presents information about the Company’s reportable operating segments in 2020 (in thousands): For the Year Ended December 31, 2020 Shopping Loan Other Total Rental income $ 414,864 $ — $ 414,864 Other income 45,456 13 45,469 Total revenues 460,320 13 460,333 Rental operation expenses ( 138,402 ) — ( 138,402 ) Net operating income 321,918 13 321,931 Impairment charges ( 5,200 ) ( 5,200 ) Depreciation and amortization ( 170,669 ) ( 170,669 ) Interest income 11,888 11,888 Other expense, net $ ( 18,400 ) ( 18,400 ) Unallocated expenses (A) ( 130,485 ) ( 130,485 ) Equity in net income of joint ventures 1,516 1,516 Reserve of preferred equity interests, net ( 19,393 ) ( 19,393 ) Gain on sale and change in control of interests, net 45,464 45,464 Gain on disposition of real estate, net 1,069 1,069 Income before tax expense $ 37,721 As of December 31, 2020: Total gross real estate assets $ 4,989,388 $ 4,989,388 Unallocated expenses consist of General and Administrative Expenses and Interest Expense as listed in the Company’s consolidated statements of operations.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	19. Subsequent Events From January 1, 2023 to February 15, 2023, the Company acquired two convenience shopping centers for an aggregate price of $ 26.1 million, including Parker Keystone (Parker, Colorado) for $ 11.0 million and Foxtail Center (Timonium, Maryland) for $ 15.1 million.

Real Estate and Accumulated Dep

Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Real Estate and Accumulated Depreciation	SITE Centers Corp. Real Estate and Accumulated Depreciation December 31, 2022 (In thousands) Total Cost, Initial Cost Total Cost (1) Net of Date of Buildings & Buildings & Accumulated Accumulated Construction (C) Location Land Improvements Land (2) Improvements (3) Total Depreciation (4) Depreciation Encumbrances (5) Acquisition (A) Chandler, AZ 1,417 3,490 1,417 3,490 4,907 55 4,852 — 2022 (A) Mesa, AZ 1,486 3,202 1,486 3,202 4,688 47 4,641 — 2022 (A) Phoenix, AZ 18,701 18,929 18,701 26,481 45,182 13,150 32,032 — 1999 (A) Phoenix, AZ 15,352 24,414 15,352 29,850 45,202 19,403 25,799 — 2003 (A) Phoenix, AZ 15,090 36,880 18,399 45,890 64,289 16,779 47,510 — 2012 (A) Scottsdale, AZ 6,424 7,684 6,424 7,684 14,108 261 13,847 — 2022 (A) Scottsdale, AZ 1,756 4,404 1,756 4,404 6,160 71 6,089 — 2022 (A) Tempe, AZ 2,451 4,640 2,451 4,640 7,091 77 7,014 — 2022 (A) Buena Park, CA 27,269 21,427 27,269 27,517 54,786 7,508 47,278 — 2015 (A) Fontana, CA 23,861 57,931 23,861 64,546 88,407 18,615 69,792 — 2014 (A) Lafayette, CA 21,431 36,076 21,431 36,076 57,507 867 56,640 — 2022 (A) Lafayette, CA 6,808 32,751 6,808 32,765 39,573 776 38,797 — 2022 (A) Long Beach, CA — 147,918 — 200,298 200,298 113,340 86,958 — 2005 (C) Oakland, CA 4,361 33,538 4,361 33,538 37,899 10,700 27,199 — 2013 (A) Roseville, CA 23,574 67,031 23,574 69,486 93,060 19,539 73,521 — 2014 (A) San Francisco, CA 10,464 25,730 10,464 30,578 41,042 15,131 25,911 — 2002 (A) Centennial, CO 7,833 35,550 9,075 70,611 79,686 49,002 30,684 — 1997 (C) Colorado Springs, CO 9,001 47,671 9,001 61,146 70,147 21,421 48,726 — 2011 (A) Denver, CO 20,733 22,818 20,804 28,644 49,448 17,771 31,677 — 2003 (A) Denver, CO 1,222 4,305 1,222 4,305 5,527 25 5,502 — 2022 (A) Parker, CO 4,632 38,256 4,632 43,107 47,739 12,529 35,210 — 2013 (A) Guilford, CT 4,588 41,892 6,457 64,740 71,197 14,307 56,890 — 2015 (C) Windsor Court, CT 6,090 11,745 6,090 12,538 18,628 6,466 12,162 — 2007 (A) Boca Raton, FL 23,120 58,982 23,120 59,631 82,751 1,464 81,287 — 2022 (A) Boynton Beach, FL 6,048 9,256 6,048 9,569 15,617 559 15,058 — 2021 (A) Brandon, FL — 4,111 — 27,781 27,781 5,026 22,755 — 1972 (C) Brandon, FL 4,775 13,117 4,775 19,929 24,704 9,520 15,184 — 2009 (A) Brandon, FL 2,938 13,685 2,938 19,058 21,996 5,082 16,914 — 2013 (A) Casselberry, FL 10,336 30,349 10,336 30,418 40,754 1,331 39,423 — 2022 (A) Delray Beach, FL 12,664 26,006 12,664 26,093 38,757 1,496 37,261 17,075 2021 (A) Fort Walton Beach, FL 3,643 5,612 3,462 6,011 9,473 307 9,166 — 2021 (A) Jupiter, FL 8,764 20,051 8,764 20,964 29,728 1,660 28,068 12,409 2020 (A) Melbourne, FL 3,111 7,325 3,111 14,553 17,664 1,859 15,805 — 2018 (A) Miami, FL 11,626 30,457 26,743 122,412 149,155 59,486 89,669 — 2006 (C) Naples, FL 10,172 39,342 10,172 43,751 53,923 13,142 40,781 — 2013 (A) Orlando, FL 8,528 56,684 13,057 82,415 95,472 16,936 78,536 — 2016 (C) Orlando, FL 9,451 16,424 9,451 16,642 26,093 1,274 24,819 — 2020 (A) Palm Harbor, FL 1,137 4,089 1,137 5,523 6,660 4,332 2,328 — 1995 (A) Plantation, FL 21,729 37,331 22,112 96,697 118,809 53,172 65,637 — 2007 (A) Tamarac, FL 16,730 22,139 16,730 22,631 39,361 1,250 38,111 — 2021 (A) Tampa, FL 10,000 10,907 10,000 11,204 21,204 1,236 19,968 9,100 2019 (A) SCHEDULE III SITE Centers Corp. Real Estate and Accumulated Depreciation December 31, 2022 (In thousands) Total Cost, Initial Cost Total Cost (1) Net of Date of Buildings & Buildings & Accumulated Accumulated Construction (C) Location Land Improvements Land (2) Improvements (3) Total Depreciation (4) Depreciation Encumbrances (5) Acquisition (A) Tampa, FL 6,800 15,874 6,800 16,018 22,818 750 22,068 — 2021 (A) Wesley Chapel, FL 8,080 21,567 8,080 22,129 30,209 775 29,434 — 2021 (A) Winter Garden, FL 38,945 130,382 38,945 141,315 180,260 45,685 134,575 — 2013 (A) Alpharetta, GA 1,370 3,003 1,370 3,003 4,373 88 4,285 — 2022 (A) Atlanta, GA 14,078 41,050 14,078 48,229 62,307 20,646 41,661 — 2009 (A) Atlanta, GA 12,358 17,103 12,365 17,324 29,689 917 28,772 — 2021 (A) Atlanta, GA 2,719 5,379 2,719 5,379 8,098 101 7,997 — 2022 (A) Cumming, GA 14,249 23,653 14,249 30,112 44,361 17,726 26,635 — 2003 (A) Cumming, GA 6,851 49,659 6,851 53,301 60,152 16,733 43,419 — 2013 (A) Cumming, GA 3,391 8,218 3,391 9,060 12,451 1,475 10,976 — 2018 (A) Douglasville, GA 2,839 5,511 2,839 7,441 10,280 1,564 8,716 — 2018 (A) Roswell, GA 6,566 15,005 7,894 29,378 37,272 14,468 22,804 — 2007 (A) Snellville, GA 10,185 51,815 7,859 54,214 62,073 31,324 30,749 — 2007 (A) Suwanee, GA 13,479 23,923 13,335 35,763 49,098 21,105 27,993 — 2003 (A) Chicago, IL 22,642 82,754 22,642 83,617 106,259 24,383 81,876 — 2014 (A) Chicago, IL 23,588 45,632 23,588 45,957 69,545 10,342 59,203 — 2017 (A) Schaumburg, IL 27,466 84,679 21,736 81,928 103,664 25,226 78,438 — 2013 (A) Everett, MA 9,311 44,647 9,462 62,648 72,110 39,659 32,451 — 2001 (C) Framingham, MA 75,675 191,594 75,675 210,436 286,111 64,146 221,965 — 2013 (A) Brentwood, MO 10,018 32,053 10,018 41,135 51,153 27,887 23,266 — 1998 (A) East Hanover, NJ 3,847 23,798 3,847 29,739 33,586 15,233 18,353 — 2007 (A) Edgewater, NJ 7,714 30,473 7,714 44,248 51,962 17,400 34,562 — 2007 (A) Freehold, NJ 2,460 2,475 3,166 3,816 6,982 1,686 5,296 — 2005 (C) Hamilton, NJ 8,039 49,896 10,014 97,909 107,923 53,304 54,619 — 2003 (A) Princeton, NJ 17,991 82,063 18,998 123,996 142,994 77,087 65,907 — 1997 (A) Voorhees, NJ 1,350 1,837 1,350 5,201 6,551 429 6,122 — 2020 (A) Hempstead, NY 26,487 14,418 26,479 14,843 41,322 1,343 39,979 — 2020 (A) Charlotte, NC 27,707 45,021 27,707 52,858 80,565 20,777 59,788 — 2011 (A) Charlotte, NC 11,224 82,124 11,173 100,145 111,318 34,347 76,971 — 2012 (A) Charlotte, NC 3,600 30,392 8,749 54,623 63,372 14,700 48,672 — 2013 (C) Cornelius, NC 4,382 15,184 4,190 21,616 25,806 11,714 14,092 — 2007 (A) Cincinnati, OH 19,572 54,495 19,572 80,018 99,590 22,745 76,845 — 2014 (A) Columbus, OH 12,922 46,006 14,078 73,827 87,905 52,888 35,017 — 1998 (A) Columbus, OH 18,716 64,617 20,666 73,440 94,106 26,468 67,638 — 2011 (A) Mason, OH 2,032 23,788 2,032 31,012 33,044 8,484 24,560 — 2014 (A) Stow, OH 993 9,028 993 47,786 48,779 27,874 20,905 — 1969 (C) Westlake, OH 424 4,004 424 36,952 37,376 7,835 29,541 — 1974 (C) Portland, OR 20,208 50,738 20,208 65,853 86,061 26,682 59,379 — 2012 (A) Portland, OR 10,122 37,457 10,122 38,350 48,472 4,310 44,162 — 2019 (A) Boothwyn, PA 6,370 16,931 6,258 17,297 23,555 1,731 21,824 15,589 2020 (A) Easton, PA 7,691 20,405 7,691 21,228 28,919 2,231 26,688 — 2020 (A) Anderson, SC 1,372 11,656 1,372 11,757 13,129 887 12,242 — 2020 (A) SCHEDULE III SITE Centers Corp. Real Estate and Accumulated Depreciation December 31, 2022 (In thousands) Total Cost, Initial Cost Total Cost (1) Net of Date of Buildings & Buildings & Accumulated Accumulated Construction (C) Location Land Improvements Land (2) Improvements (3) Total Depreciation (4) Depreciation Encumbrances (5) Acquisition (A) Mount Pleasant, SC 2,430 10,470 2,341 31,454 33,795 18,388 15,407 — 1995 (A) Brentwood, TN 6,101 25,956 6,101 28,038 34,139 8,919 25,220 — 2013 (A) Highland Village, TX 5,545 28,365 5,545 30,902 36,447 11,139 25,308 — 2013 (A) Houston, TX 2,743 18,506 2,743 18,506 21,249 382 20,867 — 2022 (A) Round Rock, TX 3,467 8,839 3,467 8,921 12,388 1,054 11,334 — 2019 (A) San Antonio, TX 3,475 37,327 4,873 55,226 60,099 33,002 27,097 — 2002 (C) San Antonio, TX 5,602 39,196 10,158 119,803 129,961 54,298 75,663 — 2007 (C) San Antonio, TX 2,381 6,487 2,381 24,630 27,011 13,541 13,470 — 2007 (A) Charlottesville, VA 2,181 6,571 2,181 6,571 8,752 363 8,389 — 2021 (A) Charlottesville, VA 1,400 2,537 1,404 2,537 3,941 87 3,854 — 2021 (A) Fairfax, VA 15,681 68,536 15,681 71,807 87,488 21,781 65,707 — 2013 (A) Fairfax, VA 4,377 10,868 4,377 10,910 15,287 212 15,075 — 2022 (A) Fairfax, VA 1,830 6,206 1,830 6,206 8,036 126 7,910 — 2022 (A) Fairfax, VA 4,532 5,221 4,532 5,360 9,892 114 9,778 — 2022 (A) Richmond, VA 7,331 49,278 7,330 51,864 59,194 3,844 55,350 — 2020 (A) Richmond, VA 11,879 34,736 11,879 37,732 49,611 18,883 30,728 — 2007 (A) Springfield, VA 17,016 40,038 17,016 45,000 62,016 22,473 39,543 — 2007 (A) Portfolio Balance (SITE) 14,912 216,871 14,913 216,867 231,780 112,166 119,614 — $ 1,038,032 $ 3,360,464 $ 1,075,106 $ 4,358,053 $ 5,433,159 $ 1,652,899 $ 3,780,260 $ 54,173 (1) The aggregate cost for federal income tax purposes was approximately $ 5.7 billion at December 31, 2022. (2) Includes $ 8.3 million of undeveloped land at December 31, 2022. (3) Includes $ 48.2 million of construction in progress at December 31, 2022. (4) Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows: Buildings Useful lives, ranging from 31.5 to 40 years Building improvements and fixtures Useful lives, ranging from 3 to 20 years Tenant improvements Shorter of economic life or lease terms (5) Excludes fair market value of debt adjustments and net loan costs aggregating $ 0.4 million. The changes in Total Real Estate Assets are as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 Balance at beginning of year $ 5,238,881 $ 4,989,388 $ 4,709,812 Acquisitions 328,898 215,998 242,593 Developments, improvements and expansions 113,876 84,130 59,126 Adjustments of property carrying values (Impairments) ( 2,536 ) ( 7,270 ) ( 5,200 ) Disposals (A) ( 245,960 ) ( 43,365 ) ( 16,943 ) Balance at end of year $ 5,433,159 $ 5,238,881 $ 4,989,388 (A) Includes the write-off of fully amortized tenant improvements. The changes in Accumulated Depreciation and Amortization are as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 Balance at beginning of year $ 1,571,569 $ 1,427,057 $ 1,289,148 Depreciation for year 176,047 164,200 154,906 Disposals ( 94,717 ) ( 19,688 ) ( 16,997 ) Balance at end of year $ 1,652,899 $ 1,571,569 $ 1,427,057

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Nature of Business	Nature of Business SITE Centers Corp. and its related consolidated real estate subsidiaries (collectively, the “Company” or “SITE Centers”) and unconsolidated joint ventures are primarily engaged in the business of owning, leasing, acquiring, redeveloping, developing and managing shopping centers. Unless otherwise provided, references herein to the Company or SITE Centers include SITE Centers Corp. and its wholly-owned subsidiaries. The Company’s tenant base includes a mixture of national and regional retail chains and local tenants. Consequently, the Company’s credit risk is primarily concentrated in the retail industry. Amounts relating to the number of properties, joint ventures’ interests and acreage are unaudited.
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses during the year. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the results of the Company and all entities in which the Company has a controlling interest or has been determined to be the primary beneficiary of a variable interest entity (“VIE”). All significant inter-company balances and transactions have been eliminated in consolidation. Investments in real estate joint ventures in which the Company has the ability to exercise significant influence, but does not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, the Company’s share of the earnings (or loss) of these joint ventures is included in consolidated net income (loss).
Statements of Cash Flows and Supplemental Disclosure of Non-Cash Investing and Financing Information	Statements of Cash Flows and Supplemental Disclosure of Non-Cash Investing and Financing Information Non-cash investing and financing activities are summarized as follows (in millions): For the Year Ended December 31, 2022 2021 2020 Consolidation of the net assets (excluding mortgages as disclosed $ 42.8 $ 132.3 $ 272.6 Acquisition of non-controlling interest — 2.1 — Investment in joint ventures related to net assets acquired 8.5 11.6 86.4 Mortgages assumed, of previously unconsolidated joint ventures — 73.9 196.6 Mortgages assumed, shopping center acquisitions — 17.9 — Accounts payable related to construction in progress 12.2 13.4 6.3 Dividends declared, but not paid 30.4 28.2 14.8 Tax receivable – investment sale proceeds — 2.1 — Assumption of buildings due to ground lease terminations 2.9 — 3.0 Write-off of preferred share original issuance costs — 5.1 —
Real Estate	Real Estate Real estate assets, which include construction in progress and undeveloped land, are stated at cost less accumulated depreciation. Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows: Buildings Useful lives, ranging from 31.5 to 40 years Building improvements and fixtures Useful lives, ranging from 3 to 20 years Tenant improvements Shorter of economic life or lease terms The Company periodically assesses the useful lives of its depreciable real estate assets and accounts for any revisions, which are not material for the periods presented, prospectively. Expenditures for maintenance and repairs are charged to operations as incurred. Significant expenditures that improve or extend the life of the asset are capitalized. Construction in Progress and Land includes undeveloped land, as well as construction in progress related to shopping center developments and expansions. The Company capitalized certain direct costs (salaries and related personnel) and incremental internal construction costs of $ 4.0 million, $ 3.1 million and $ 3.0 million in 2022, 2021 and 2020 , respectively.
Purchase Price Accounting	Purchase Price Accounting The Company’s acquisitions were accounted for as asset acquisitions, and the Company capitalized the acquisition costs incurred. Upon acquisition of properties, the Company estimates the fair value of acquired tangible assets, consisting of land, building and improvements and intangibles, generally including above- and below-market leases and in-place leases. The Company allocates the purchase price to assets acquired and liabilities assumed on a gross basis based on their relative fair values at the date of acquisition. The fair value of land of an acquired property considers the value of land as if the site was unimproved based on comparable market transactions. The fair value of the building is determined as if it were vacant by applying a capitalization rate to property net operating income based upon market leasing assumptions. Above- and below-market lease values are calculated based on the present value (using a discount rate that reflects the risks associated with the leases acquired) of the difference between contractual rents and estimated market rents, measured over a period equal to the remaining term of the lease for above-market leases and the remaining term plus the estimated term of any below-market, renewal options for below-market leases. The capitalized above- and below-market lease values are amortized to base rental revenue over the related lease term plus fixed-rate renewal options, as appropriate. The value of acquired in-place leases is recorded based on the present value of the estimated gross monthly market rental rate for each individual lease multiplied by the estimated period of time it would take to lease the space to a new tenant. Such amounts are amortized to expense over the remaining initial lease term.
Real Estate Impairment Assessment	Real Estate Impairment Assessment The Company reviews its individual real estate assets, including undeveloped land and construction in progress, and intangibles for potential impairment indicators whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment indicators are primarily related to changes in estimated hold periods and significant, prolonged decreases in projected cash flows; however, other impairment indicators could occur. Decreases in cash flows may be caused by declines in occupancy, projected losses on potential future sales, market factors, significant changes in projected development costs or completion dates and sustainability of development projects. An asset with impairment indicators is considered impaired when the undiscounted future cash flows are not sufficient to recover the asset’s carrying value. The determination of anticipated undiscounted cash flows is inherently subjective, requiring significant estimates made by management, and considers the most likely expected course of action at the balance sheet date based on current plans, intended holding periods and available market information. If the Company is evaluating the potential sale of an asset, the undiscounted future cash flows analysis is probability-weighted based upon management’s best estimate of the likelihood of the alternative courses of action as of the balance sheet date. If an asset’s carrying value is not recoverable, an impairment loss is recognized based on the excess of the carrying amount of the asset over its fair value. The Company recorded aggregate impairment charges of $ 2.5 million, $ 7.3 million and $ 5.2 million, related to consolidated real estate investments, during the years ended December 31, 2022, 2021 and 2020 , respectively (Note 14).
Disposition of Real Estate and Real Estate Investments	Disposition of Real Estate and Real Estate Investments Sales of nonfinancial assets, such as real estate, are recognized when control of the asset transfers to the buyer, which will occur when the buyer has the ability to direct the use of, or obtain substantially all of the remaining benefits from, the asset. This generally occurs when the transaction closes and consideration is exchanged for control of the asset. A discontinued operation includes only the disposal of a component of an entity and represents a strategic shift that has (or will have) a major effect on an entity’s financial results. The disposition of the Company’s individual properties did not qualify for discontinued operations presentation, and thus, the results of the properties that have been sold remain in income from continuing operations, and any associated gains or losses from the disposition are included in Gain on Disposition of Real Estate.
Real Estate Held for Sale	Real Estate Held for Sale The Company generally considers assets to be held for sale when management believes that a sale is probable within a year. This generally occurs when a sales contract is executed with no substantive contingencies and the prospective buyer has significant funds at risk. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value, less cost to sell. The Company evaluated its property portfolio and did not identify any properties that would meet the above-mentioned criteria for held for sale as of December 31, 2022 and 2021 .
Interest and Real Estate Taxes	Interest and Real Estate Taxes Interest and real estate taxes incurred relating to the construction and redevelopment of shopping centers are capitalized and depreciated over the estimated useful life of the building. This includes interest incurred on funds invested in or advanced to unconsolidated joint ventures with qualifying development activities. The Company will cease the capitalization of these costs when construction activities are substantially completed and the property is available for occupancy by tenants. If the Company suspends substantially all activities related to development of a qualifying asset, the Company will cease capitalization of interest and taxes until activities are resumed. Interest paid during the years ended December 31, 2022, 2021 and 2020 aggregated $ 71.3 million, $ 70.2 million and $ 76.0 million, respectively, of which $ 1.1 million, $ 0.6 million and $ 0.9 million, respectively, was capitalized.
Investments in and Advances to Joint Ventures	Investments in and Advances to Joint Ventures To the extent that the Company’s cost basis in an unconsolidated joint venture is different from the basis reflected at the joint venture level, the basis difference is amortized over the life of the related assets and included in the Company’s share of equity in net income (loss) of the joint venture and, if the related asset is sold, the basis difference is written off. Periodically, management assesses whether there are any indicators that the value of the Company’s investments in unconsolidated joint ventures may be impaired. An investment is impaired only if the Company’s estimate of the fair value of the investment is less than the carrying value of the investment and such difference is deemed to be other than temporary. Investment impairment charges create a basis difference between the Company’s share of accumulated equity as compared to the investment balance of the respective unconsolidated joint venture. The Company allocates the aggregate impairment charge to each of the respective properties owned by the joint venture on a relative fair value basis and amortizes this basis differential as an adjustment to the equity in net income (loss) recorded by the Company over the estimated remaining useful lives of the underlying assets.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. The Company maintains cash deposits with major financial institutions, which from time to time may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.
Restricted Cash	Restricted Cash Restricted cash represents amounts on deposit with financial institutions primarily for debt service payments, real estate taxes, capital improvements and operating reserves as required pursuant to the respective loan agreement. For purposes of the Company’s consolidated statements of cash flows, changes in restricted cash are aggregated with cash and cash equivalents.
Accounts Receivable	Accounts Receivable The Company makes estimates of the collectability of its accounts receivable related to base rents, including straight-line rentals, expense reimbursements and other revenue or income. Rental income has been reduced for amounts the Company believes are not probable of being collected. The Company analyzes tenant credit worthiness, as well as current economic and tenant-specific sector trends when evaluating the probability of collection of accounts receivable. In evaluating tenant credit worthiness, the Company’s assessment may include a review of payment history, tenant sales performance and financial position. For larger national tenants, the Company also evaluates projected liquidity, as well as the tenant’s access to capital and the overall health of the particular sector. In addition, with respect to tenants in bankruptcy, the Company makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the probability of collection of the related receivable. The time to resolve these claims may exceed one year. These estimates have a direct impact on the Company’s earnings because once the amount is not considered probable of being collected, earnings are reduced by a corresponding amount until the receivable is collected. See discussion below under Revenue Recognition regarding cash-basis tenants. Accounts receivable, excluding straight-line rents receivable, do not include estimated amounts not probable of being collected (including contract disputes) of $ 1.5 million and $ 3.0 million at December 31, 2022 and 2021, respectively. Accounts receivable are generally expected to be collected within one year. At December 31, 2022 and 2021, straight-line rents receivable, net of a provision for uncollectible amounts of $ 1.7 million and $ 1.6 million, respectively, aggregated $ 31.9 million and $ 29.8 million, respectively.
Deferred Charges	Deferred Charges External costs and fees incurred in obtaining indebtedness are included in the Company’s consolidated balance sheets as a direct deduction from the related debt liability. Debt issuance costs related to the Company’s revolving credit facility remain classified as an asset on the consolidated balance sheets as these costs are, at the outset, not associated with an outstanding borrowing. The aggregate costs are amortized over the terms of the related debt agreements. Such amortization is reflected in Interest Expense in the Company’s consolidated statements of operations.
Treasury Shares	Treasury Shares The Company’s share repurchases are reflected as treasury shares utilizing the cost method of accounting and are presented as a reduction to consolidated shareholders’ equity. Reissuances of the Company’s treasury shares at an amount below cost are recorded as a charge to paid-in capital due to the Company’s cumulative distributions in excess of net income.
Revenue Recognition	Revenue Recognition For the real estate industry, leasing transactions are not within the scope of the revenue standard. A majority of the Company’s tenant-related revenue is recognized pursuant to lease agreements and is governed by the leasing guidance. Historically, the majority of the Company’s lease commission revenue was recognized 50 % upon lease execution and 50 % upon tenant rent commencement. Upon adoption of Topic 606, lease commission revenue is generally recognized in its entirety upon lease execution. Rental Income Rental Income on the consolidated statements of operations includes contractual lease payments that generally consist of the following: • Fixed-lease payments, which include fixed payments associated with expense reimbursements from tenants for common area maintenance, taxes and insurance from tenants in shopping centers and are recognized on a straight-line basis over the non-cancelable term of the lease, which generally ranges from one mon th to 30 years, and include the effects of applicable rent steps and abatements. • Variable lease payments, which include percentage and overage income, recognized after a tenant’s reported sales have exceeded the applicable sales breakpoint set forth in the applicable lease. • Variable lease payments associated with expense reimbursements from tenants for common area maintenance, taxes, insurance and other property operating expenses, based upon the tenant’s lease provisions, which are recognized in the period the related expenses are incurred. • Lease termination payments, which are recognized upon the effective termination of a tenant’s lease when the Company has no further obligations under the lease. • Ancillary and other property-related rental payments, primarily composed of leasing vacant space to temporary tenants, kiosk income, and parking income, which are recognized in the period earned. For those tenants where the Company is unable to assert that collection of amounts due over the lease term is probable, the Company has categorized these tenants on the cash basis of accounting. As a result, no rental income is recognized from such tenants once they have been placed on the cash basis of accounting until payments are received. Revenues from Contracts with Customers The Company’s revenues from contracts with customers generally relate to asset and property management fees, leasing commissions and development fees. These revenues are derived from the Company’s management agreements with RVI and unconsolidated joint ventures and, in the case of unconsolidated joint ventures, are recognized to the extent attributable to the unaffiliated ownership in the unconsolidated joint venture to which it relates. Termination rights under these contracts vary by contract but generally include termination for cause by either party, or generally due to sale of the property. Asset and Property Management Fees Asset and property management services include property maintenance, tenant coordination, accounting and financial services. Asset and property management services represent a series of distinct daily services. Accordingly, the Company satisfies the performance obligation as services are rendered over time. The Company is compensated for property management services through a monthly management fee, which is typically earned based on a specified percentage of the monthly rental receipts generated from the property under management. The Company is compensated for asset management services through a fee that is billed to the customer monthly and recognized as revenue monthly as the services are rendered, based on a percentage of aggregate asset value or capital contributions for assets under management at the end of the quarter. In 2022, the asset management fee under the RVI external management agreement was paid quarterly based upon an annual flat fee of $ 500,000 . Through December 31, 2021, the asset management fee under the RVI external management agreement was paid monthly based on the initial aggregate appraised value of the RVI properties. RVI property management fees were paid monthly generally based on the average gross revenue collected during the three months immediately preceding the most recent December 31 or June 30. The Company received a supplemental fee from RVI for the period July 1, 2020 to June 30, 2021 to negate the adverse impact of the COVID-19 pandemic on revenue collection and the resulting reduction to the property management fee payable to the Company. Property Leasing The Company provides strategic advice and execution to third parties, including RVI and certain joint ventures, in connection with the leasing of retail space. The Company is compensated for services in the form of a commission. The commission is paid upon the occurrence of certain contractual events that may be contingent. For example, a portion of the commission may be paid upon execution of the lease by the tenant, with the remaining paid upon occurrence of another future contingent event (e.g., payment of first month’s rent or tenant move-in). The Company typically satisfies its performance obligation at a point in time when control is transferred, generally at the time of the first contractual event where there is a present right to payment. The Company looks to history, experience with a customer and deal-specific considerations to support its judgment that the second contingency will be met. Therefore, the Company typically accelerates the recognition of revenue associated with the second contingent event (if any) to the point in time when control of its service is transferred. Development Services Development services consist of construction management oversight services such as hiring general contractors, reviewing plans and specifications, performing inspections, reviewing documentation and providing accounting services. These services represent a series of distinct services and are recognized over time as services are rendered. The Company is compensated monthly for services based on a percentage of the aggregate amount spent on the construction during the month. Disposition Fees The Company received disposition fees equal to 1 % of the gross sales price of each RVI asset sold. The Company was compensated at the time of the closing of the sale transaction. RVI completed the sale of its assets in April 2022. Leases The Company’s accounting policies include the following: • As a lessee — short-term lease exception for certain of the Company’s office leases; • As a lessor — to include operating lease liabilities in the asset group and include the associated operating lease payments in the undiscounted cash flows when considering recoverability of a long-lived asset group and • As a lessor — to exclude from lease payments taxes assessed by a governmental authority that are both imposed on and concurrent with lease revenue-producing activity and collected by the lessor from the lessee (e.g., sales tax). ROU assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not include an implicit rate, the Company used its incremental borrowing rate based on the information available at the commencement date of the standard in determining the present value of lease payments. For each lease, the Company utilized a market-based approach to estimate the incremental borrowing rate (“IBR”), which required significant judgment. The Company estimated base IBRs based on an analysis of (i) yields on the Company’s outstanding public debt, as well as that of comparable companies, (ii) observable mortgage rates and (iii) unlevered property yields and discount rates. The Company applied adjustments to the base IBRs to account for full collateralization and lease term. Operating lease ROU assets also include any lease payments made. The Company has options to extend certain of the ground and office leases; however, these options were not considered as part of the lease term when calculating the lease liability, as they were not reasonably certain to be exercised. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
General and Administrative Expenses	General and Administrative Expenses General and administrative expenses include certain internal leasing and legal salaries and related expenses associated with the re-leasing of existing space, which are charged to operations as incurred.
Equity-Based Plans	Equity-Based Plans Compensation cost relating to stock-based payment transactions classified as equity is recognized in the financial statements based upon the grant date fair value. The forfeiture rate is based on actual experience. Stock-based compensation cost recognized by the Company was $ 6.8 million, $ 13.0 million and $ 8.0 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Income Taxes	Income Taxes The Company has made an election to qualify, and believes it is operating so as to qualify, as a real estate investment trust (“REIT”) for federal income tax purposes. Accordingly, the Company generally will not be subject to federal income tax, provided that it makes distributions to its shareholders equal to at least the amount of its REIT taxable income as defined under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), and continues to satisfy certain other requirements. In connection with the REIT Modernization Act, the Company is permitted to participate in certain activities and still maintain its qualification as a REIT, so long as these activities are conducted in entities that elect to be treated as taxable subsidiaries (a “TRS”) under the Code. As such, the Company is subject to federal and state income taxes on the income from these activities. In the normal course of business, the Company or one or more of its subsidiaries is subject to examination by federal, state and local tax jurisdictions, as well as certain jurisdictions outside the United States, in which it operates, where applicable. The Company expects to recognize interest and penalties related to uncertain tax positions, if any, as income tax expense. For the three years ended December 31, 2022, the Company recognized no material adjustments regarding its tax accounting treatment for uncertain tax provisions. As of December 31, 2022 , the tax years that remain subject to examination by the major tax jurisdictions under applicable statutes of limitations are generally the year 2019 and forward.
Deferred Tax Assets	Deferred Tax Assets The Company accounts for income taxes related to its TRS under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the income statement in the period that includes the enactment date. The Company records net deferred tax assets to the extent it believes it is more likely than not that these assets will be realized. A valuation allowance is recorded against the deferred tax assets when the Company determines that an uncertainty exists regarding their realization, which would eliminate the benefit of deferred tax assets or increase the provision for income taxes. In making such determination, the Company considers all available positive and negative evidence, including forecasts of future taxable income, the reversal of other existing temporary differences, available net operating loss carryforwards, tax planning strategies and recent results of operations. Several of these considerations require assumptions and significant judgment about the forecasts of future taxable income and must be consistent with the plans and estimates that the Company is utilizing to manage its business. As a result, to the extent facts and circumstances change, an assessment of the need for a valuation allowance should be made.
Segment	Segments For the years ended December 31, 2022 and 2021, the Company had only one reportable operating segment. For the year ended December 31, 2020, the Company had two reportable operating segments: shopping centers and loan investments. In the fourth quarter of 2020, the Company transferred and redeemed its loan investments (preferred equity interests) in BRE DDR Retail Holdings III and BRE DDR Retail Holdings IV (the “BRE DDR Joint Ventures”) in exchange for the acquisition of certain of the underlying assets of two joint ventures . The Company’s chief operating decision maker may review operational and financial data on a property basis and does not differentiate among properties on a geographical basis for purposes of allocating resources or capital. The Company evaluates individual property performance primarily based on net operating income before depreciation, amortization and certain nonrecurring items. Each consolidated shopping center is considered a separate operating segment; however, each shopping center, on a stand-alone basis, represents less than 10 % of revenues, profit or loss, and assets of the combined reported operating segment and meets the majority of the aggregations criteria under the applicable standard.
Derivative and Hedging Activities	Derivative and Hedging Activities The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that is attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even if hedge accounting does not apply or the Company elects not to apply hedge accounting.
Fair Value Hierarchy	Fair Value Hierarchy The standard Fair Value Measurements specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). The following summarizes the fair value hierarchy: • Level 1 Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2 Quoted prices for identical assets and liabilities in markets that are inactive, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly, such as interest rates and yield curves that are observable at commonly quoted intervals and • Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Non-cash Investing and Financing Activities	Non-cash investing and financing activities are summarized as follows (in millions): For the Year Ended December 31, 2022 2021 2020 Consolidation of the net assets (excluding mortgages as disclosed $ 42.8 $ 132.3 $ 272.6 Acquisition of non-controlling interest — 2.1 — Investment in joint ventures related to net assets acquired 8.5 11.6 86.4 Mortgages assumed, of previously unconsolidated joint ventures — 73.9 196.6 Mortgages assumed, shopping center acquisitions — 17.9 — Accounts payable related to construction in progress 12.2 13.4 6.3 Dividends declared, but not paid 30.4 28.2 14.8 Tax receivable – investment sale proceeds — 2.1 — Assumption of buildings due to ground lease terminations 2.9 — 3.0 Write-off of preferred share original issuance costs — 5.1 —
Estimated Useful Lives of Assets	Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows: Buildings Useful lives, ranging from 31.5 to 40 years Building improvements and fixtures Useful lives, ranging from 3 to 20 years Tenant improvements Shorter of economic life or lease terms

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2022
Adoption of Topic 606 [Member]
Schedule of Fee and Other Income	Fee and Other Income on the consolidated statements of operations includes revenue from contracts with customers and other property-related income and is recognized in the period earned as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 Revenue from contracts: Asset and property management fees $ 8,308 $ 25,798 $ 31,255 Leasing commissions and development fees 1,863 3,878 6,956 RVI disposition fees 385 9,016 3,142 RVI credit facility guaranty fees — 60 60 Total revenue from contracts with customers 10,556 38,752 41,413 Other property income 4,691 3,313 4,056 Total fee and other income $ 15,247 $ 42,065 $ 45,469

Investments in and Advances t_2

Investments in and Advances to Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule Of Equity Method Investments [Line Items]
Summary of Company's Equity Method Joint Ventures Included in Investments in and Advances	Unconsolidated Real Estate Ventures Partner Effective Operating Dividend Trust Portfolio JV LP Chinese Institutional Investors 20.0 % 10 DDRM Joint Venture Madison International Realty 20.0 7 RVIP IIIB, Deer Park, IL Prudential 25.75 1
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments	Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands): December 31, 2022 2021 Condensed Combined Balance Sheets Land $ 212,326 $ 378,442 Buildings 643,334 1,092,245 Fixtures and tenant improvements 70,636 123,313 926,296 1,594,000 Less: Accumulated depreciation ( 220,642 ) ( 441,215 ) 705,654 1,152,785 Construction in progress and land 1,965 5,778 Real estate, net 707,619 1,158,563 Cash and restricted cash 44,809 37,535 Receivables, net 11,671 16,854 Other assets, net 36,272 49,029 $ 800,371 $ 1,261,981 Mortgage debt $ 535,093 $ 873,336 Notes and accrued interest payable to the Company 2,972 3,331 Other liabilities 41,588 51,473 579,653 928,140 Accumulated equity 220,718 333,841 $ 800,371 $ 1,261,981 Company's share of accumulated equity $ 42,644 $ 59,286 Basis differentials ( 707 ) 2,946 Deferred development fees, net of portion related to the Company's interest ( 301 ) ( 937 ) Amounts payable to the Company 2,972 3,331 Investments in and Advances to Joint Ventures, net $ 44,608 $ 64,626
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments	For the Year Ended December 31, 2022 2021 2020 Condensed Combined Statements of Operations Revenues from operations $ 132,494 $ 195,559 $ 252,946 Expenses from operations: Operating expenses 35,319 53,391 77,040 Impairment charges 17,550 — 33,240 Depreciation and amortization 46,518 66,618 99,779 Interest expense 34,055 43,379 60,010 Preferred share expense — — 15,708 Other income (expense), net 12,303 12,074 13,796 145,745 175,462 299,573 (Loss) income before gain on disposition of real estate ( 13,251 ) 20,097 ( 46,627 ) Gain on disposition of real estate, net 120,097 89,935 9,257 Net income (loss) attributable to unconsolidated joint ventures $ 106,846 $ 110,032 $ ( 37,370 ) Company's share of equity in net income of joint ventures $ 22,262 $ 49,417 $ 1,109 Basis differential adjustments (A) 5,630 ( 2,120 ) 407 Equity in net income of joint ventures $ 27,892 $ 47,297 $ 1,516 (a) The difference between the Company’s share of net income, as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, the recognition of deferred gains, differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges.
Schedule of Fee and Other Income	Revenues earned by the Company related to all of the Company’s unconsolidated joint ventures and interest income on its preferred interests are as follows (in millions): For the Year Ended December 31, 2022 2021 2020 Revenue from contracts: Asset and property management fees $ 7.7 $ 10.6 $ 12.8 Leasing commissions and development fees 1.9 2.2 4.2 9.6 12.8 17.0 Other: Interest income (A) — — 12.0 Other 1.0 1.7 2.1 1.0 1.7 14.1 $ 10.6 $ 14.5 $ 31.1 (A) Interest income recorded in 2020 related to preferred equity interests in the BRE DDR Joint Ventures, which were transferred or redeemed in the fourth quarter of 2020.

Investment In and Advances to_2

Investment In and Advances to Affiliate (Tables)	12 Months Ended
	Dec. 31, 2022
Retail Value Inc. [Member]
Schedule of Fee and Other Income	Revenue from the original July 1, 2018 management agreements with RVI, which were terminated at the conclusion of 2021, was included in Fee and Other Income on the consolidated statements of operations and was composed of the following (in millions): For the Year Ended December 31, 2021 2020 Revenue from contracts with RVI: Asset and property management fees $ 15.2 $ 18.4 Leasing commissions 1.7 2.8 Disposition fees 9.0 3.1 Credit facility guaranty fees 0.1 0.1 Total revenue from contracts with RVI $ 26.0 $ 24.4

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Schedule of Company Acquired Shopping Centers	In 2022 and 2021, the Company acquired the following shopping centers (in millions): Asset Location Date Purchase Face Value of Artesia Village Scottsdale, Arizona January 2022 $ 14.5 $ — Casselberry Commons Casselberry, Florida February 2022 35.6 (A) Shops at Boca Center Boca Raton, Florida March 2022 90.0 — Shoppes of Crabapple Alpharetta, Georgia April 2022 4.4 — La Fiesta Square Lafayette, California May 2022 60.8 — Lafayette Mercantile Lafayette, California May 2022 43.0 — Shops at Tanglewood Houston, Texas June 2022 22.2 — Boulevard at Marketplace Fairfax, Virginia June 2022 10.4 — Fairfax Marketplace Fairfax, Virginia June 2022 16.0 — Fairfax Pointe Fairfax, Virginia June 2022 8.4 — Parkwood Shops Atlanta, Georgia July 2022 8.4 — Chandler Center Chandler, Arizona August 2022 5.3 — Shops at Power and Baseline Mesa, Arizona August 2022 4.6 — Northsight Plaza Scottsdale, Arizona August 2022 6.1 — Broadway Center Tempe, Arizona August 2022 7.0 — Shops on Montview Denver, Colorado November 2022 5.8 — Shoppes at Addison Place Delray Beach, Florida May 2021 40.0 17.9 Emmet Street Station Charlottesville, Virginia May 2021 8.8 — Hammond Springs Atlanta, Georgia September 2021 31.0 — Belgate Shopping Center (land parcel) Charlotte, North Carolina November 2021 1.1 — Emmet Street North Charlottesville, Virginia December 2021 3.9 — At Home (Single Box) Princeton, New Jersey December 2021 15.8 — Village Square at Golf Boynton Beach, Florida December 2021 (A) (A) Shoppes at Paradise Point Fort Walton Beach, Florida December 2021 (A) (A) Midway Plaza Tamarac, Florida December 2021 (A) (A) North Point Plaza Tampa, Florida December 2021 (A) (A) The Shoppes at New Tampa Wesley Chapel, Florida December 2021 (A) (A) Paradise Shoppes of Ellenwood Ellenwood, Georgia December 2021 (A) (A) Paradise Village Gateway Phoenix, Arizona December 2021 (B) (B) (A) Acquired its joint venture partner's 80 % equity interest from the DDRM Joint Venture. In 2022, the purchase price was $ 44.5 million at 100 % (or $ 35.6 million at 80 %). In 2021, the purchase price for the six assets was $ 134.0 million at 100 % (or $ 107.2 million at 80 %), and the mortgage debt of $ 73.9 million was repaid at closing. The purchase price was equal to the estimated fair value of the property plus transaction costs incurred (Note 3). (B) Acquired its joint venture partner’s 33 % interest in a consolidated joint venture, Paradise Village Gateway. The partner’s 33 % ownership was previously reflected as non-controlling interest on the Company’s balance sheet (Note 12). The Company repaid the mortgage debt of $ 27.6 million at closing.
Schedule of Acquisition Cost of Shopping Centers	The fair value of the acquisitions was allocated as follows (in thousands): Weighted-Average 2022 2021 2022 2021 Land $ 94,014 $ 75,732 N/A N/A Buildings 227,354 135,537 (A) (A) Tenant improvements 4,612 3,620 (A) (A) Construction in progress — 1,109 N/A N/A In-place leases (including lease origination costs and fair 29,972 27,829 6.4 5.6 Other assets assumed 503 1,005 N/A N/A 356,455 244,832 Less: Mortgage debt assumed at fair value — ( 91,833 ) N/A N/A Less: Below-market leases ( 9,907 ) ( 8,504 ) 13.9 16.0 Less: Other liabilities assumed ( 2,957 ) ( 2,336 ) N/A N/A Fair value of non-controlling interest — 7,144 N/A N/A Net assets acquired $ 343,591 $ 149,303 (A) Depreciated in accordance with the Company’s policy (Note 1).
Consideration	2022 2021 Consideration: Cash (including debt repaid at closing) $ 335,100 $ 137,714 Gain on Change in Control of Interests 3,319 7,210 Carrying value of previously held common equity interests (A) 5,172 4,379 Total consideration $ 343,591 $ 149,303 (A) The significant inputs used to value the previously held equity interests were determined to be Level 3 for all of the applicable acquisitions. In 2022 and 2021, the weighted-average discount rate applied to cash flows was approximately 8.0 % and 7.3 %, respectively, and the weighted-average residual capitalization rate applied was approximately 6.0 % and 6.8 %, respectively.

Other Assets and Intangibles,_2

Other Assets and Intangibles, net (Tables)	12 Months Ended
	Dec. 31, 2022
Other Assets [Abstract]
Components of Other Assets and Intangibles	Other assets and intangibles consist of the following (in thousands): December 31, 2022 2021 Intangible assets: In-place leases, net $ 61,918 $ 64,464 Above-market leases, net 6,206 7,390 Lease origination costs, net 8,093 6,636 Tenant relationships, net 11,531 15,569 Total intangible assets, net 87,748 94,059 Operating lease ROU assets (A) 18,197 19,047 Other assets: Prepaid expenses 6,721 7,722 Swap receivable 8,138 — Other assets 3,491 1,708 Deposits 3,188 3,796 Deferred charges, net 7,526 4,147 Total other assets, net $ 135,009 $ 130,479 Below-market leases, net (other liabilities) $ 59,825 $ 59,690 (A) Operating lease ROU assets are discussed further in Note 7.
Summary of Amortization Expense Related to the Intangibles, Excluding Above and Below-Market Leases	Amortization expense related to the Company’s intangibles, excluding above- and below-market leases, was as follows (in millions): Year Expense 2022 $ 27.5 2021 21.6 2020 15.8
Summary of Estimated Net Future Amortization Associated with Above and Below-Market Leases	Estimated net future amortization associated with the Company’s intangibles is as follows (in millions): Year Income Expense 2023 $ 4.7 $ 22.2 2024 4.8 18.0 2025 4.8 12.0 2026 4.6 7.5 2027 4.4 5.1

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Operating Lease ROU Assets and Operating Lease Liabilities	Operating lease ROU assets and operating lease liabilities are included in the Company’s consolidated balance sheets as follows (in thousands): December 31, Classification 2022 2021 Operating Lease ROU Assets Other Assets, Net $ 18,197 $ 19,047 Operating Lease Liabilities Accounts Payable and Other Liabilities 37,777 38,491
Schedule of Operating Lease Expenses	Operating lease expenses, including straight-line expense, included in Operating and Maintenance Expense for the Company’s ground leases and General and Administrative expense for its office leases are as follows (in thousands): December 31, Classification 2022 2021 2020 Operating and Maintenance $ 2,596 $ 2,645 $ 2,716 General and Administrative (A) 2,213 2,405 2,627 Total lease costs $ 4,809 $ 5,050 $ 5,343 (A) Includes short-term leases and variable lease costs, which are immaterial.
Schedule of Supplemental Balance Sheet Information Related to Operating Leases	Supplemental balance sheet information related to operating leases was as follows: December 31, 2022 2021 Weighted-Average Remaining Lease Term 35.4 years 35.5 years Weighted-Average Discount Rate 7.4 % 7.4 % Cash paid for amounts included in the measurement — operating cash flows from lease liabilities (in thousands) $ 4,227 $ 4,342
Schedule of Maturities of Lease Liabilities	As determined under Topic 842, maturities of lease liabilities were as follows for the years ended December 31, (in thousands): Year December 31, 2023 $ 3,657 2024 3,658 2025 3,717 2026 3,815 2027 3,743 Thereafter 107,371 Total lease payments 125,961 Less imputed interest ( 88,184 ) Total $ 37,777
Schedule of Future Minimum Rental Income from Rental Properties under Terms of Non-Cancelable Tenant Leases	The scheduled future minimum rental income from rental properties under the terms of all non-cancelable tenant leases (including those on the cash basis), assuming no new or renegotiated leases or option extensions, as determined under Topic 842 for such premises for the years ending December 31, were as follows (in thousands): Year December 31, 2023 $ 384,320 2024 343,074 2025 286,598 2026 238,366 2027 190,968 Thereafter 536,633 Total $ 1,979,959

Unsecured and Secured Indebte_2

Unsecured and Secured Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of Unsecured and Secured Indebtedness	The following table discloses certain information regarding the Company’s unsecured and secured indebtedness (in millions): Carrying Value at Interest Rate (A) at Maturity Date at 2022 2021 2022 2021 December 31, 2022 Unsecured indebtedness: Senior notes (B) $ 1,460.0 $ 1,460.0 3.375 %– 4.700 % 3.375 %– 4.700 % May 2023 – Senior notes – discount, net ( 2.3 ) ( 3.1 ) Net unamortized debt issuance costs ( 3.8 ) ( 5.1 ) Total Senior Notes $ 1,453.9 $ 1,451.8 Term Loan $ 200.0 $ 100.0 4.0 % (C) 1.1 % June 2027 Net unamortized debt issuance costs ( 1.5 ) ( 0.2 ) Total Term Loan $ 198.5 $ 99.8 Secured indebtedness: Mortgage Indebtedness – Fixed Rate $ 54.9 $ 126.5 4.5 % 4.2 % February 2024 – Net unamortized debt issuance costs ( 0.3 ) ( 0.7 ) Total Mortgage Indebtedness $ 54.6 $ 125.8 (A) The interest rates reflected above for the senior notes represent the range of the coupon rate of the notes outstanding. All other interest rates presented are a weighted average of the outstanding debt. Interest rate on variable-rate debt was calculated using the base rate and spreads effective December 31, 2021. (B) Effective interest rates ranged from 3.5 % to 4.8 % as of December 31, 2022 and 2021. (C) Reflects the utilization of a swap, which caps the variable rate (SOFR) interest rate at 2.75 %, plus a 10 basis point credit spread adjustment plus the applicable margin (0.95% at December 31, 2022), which is based on the Company’s long-term unsecured debt rating as described below.
Schedule Principal Repayments	The schedul ed principal repayments of the Revolving Credit Facility ($ 0 at December 31, 2022, Note 8) and unsec ured and secured indebtedness, excluding extension options, as of December 31, 2022, were as follows (in thousands): Year Amount 2023 $ 88,449 2024 93,377 2025 481,542 2026 398,910 2027 649,636 1,711,914 Unamortized fair market value of assumed debt 737 Net unamortized debt issuance costs ( 5,630 ) Total indebtedness $ 1,707,021

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The following table presents information about the Company’s financial assets and liabilities and indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions): Fair Value Measurements Assets (Liabilities): Level 1 Level 2 Level 3 Total December 31, 2022 Derivative Financial Instruments $ — $ 8.1 $ — $ 8.1
Schedule of Carrying Values Different from Estimated Fair Values	Carrying values that are different from estimated fair values are summarized as follows (in thousands): December 31, 2022 December 31, 2021 Carrying Fair Carrying Fair Senior Notes $ 1,453,923 $ 1,378,485 $ 1,451,768 $ 1,559,973 Revolving Credit Facilities and Term Loan 198,521 200,000 99,810 100,000 Mortgage Indebtedness 54,577 51,936 125,799 127,488 $ 1,707,021 $ 1,630,421 $ 1,677,377 $ 1,787,461

Non-Controlling Interests, Pr_2

Non-Controlling Interests, Preferred Shares, Common Shares and Common Shares in Treasury (Tables)	12 Months Ended
	Dec. 31, 2022
Common Shares [Member]
Redeemable Noncontrolling Interest [Line Items]
Common Share Dividends Declared	For the Year Ended December 31, 2022 2021 2020 Common share dividends declared per share $ 0.52 $ 0.47 $ 0.25

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Changes in Accumulated OCI by Component	The changes in Accumulated OCI by component are as follows (in thousands): Gains and Losses Foreign Total Balance, December 31, 2019 $ ( 1,172 ) $ 681 $ ( 491 ) Other comprehensive loss before reclassifications — ( 3,363 ) ( 3,363 ) Change in cash flow hedges reclassed to earnings (A) 1,172 — 1,172 Net current-period other comprehensive income (loss) 1,172 ( 3,363 ) ( 2,191 ) Balance, December 31, 2020 — ( 2,682 ) ( 2,682 ) Other comprehensive loss before reclassifications — ( 1 ) ( 1 ) Reclassification adjustment for foreign currency translation (B) — 2,683 2,683 Net current-period other comprehensive income — 2,682 2,682 Balance, December 31, 2021 $ — $ — $ — Change in cash flow hedges 9,415 — 9,415 Amounts reclassified from accumulated other comprehensive income (A) ( 377 ) — ( 377 ) Balance, December 31, 2022 (C) $ 9,038 $ — $ 9,038 (A) For the year ended December 31, 2022, classified in Interest Expense in the Company’s consolidated statements of operations. For the year ended December 31, 2020, $ 1.1 million is classified as Other Expense in the Company’s consolidated statements of operations. (B) Represents the release of foreign currency translation related to the sale of a parcel of undeveloped land in Richmond Hill, Ontario, owned by one of the Company’s joint ventures (Note 3). (C) Includes derivative financial instruments entered into by the Company on its Term Loan (Note 10) and an unconsolidated joint venture.

Impairment Charges and Reserv_2

Impairment Charges and Reserves (Tables)	12 Months Ended
	Dec. 31, 2022
Asset Impairment Charges [Abstract]
Impairment Charges and Reserves on Assets or Investments	The Company recorded impairment charges and reserves based on the difference between the carrying value of the assets or investments and the estimated fair market value as follows (in millions): For the Year Ended December 31, 2022 2021 2020 Sale of building to tenant (A) $ 2.5 $ — $ — Assets marketed for sale (B) — 7.3 3.2 Undeveloped land (B) — — 2.0 Reserve of preferred equity interests (C) — — 19.4 Total impairment charges $ 2.5 $ 7.3 $ 24.6 (a) In the second quarter of 2022, the impairment charges recorded were a result of a tenant exercising a $ 7.0 million fixed-price purchase option on their building pursuant to the lease agreement. This asset was sold in the fourth quarter of 2022. (b) In 2021, the impairment charges recorded were triggered by a change in the hold period assumptions. In 2020, the impairment charges recorded were triggered by indicative bids received. (c) As a result of an aggregate valuation allowance on its preferred equity interests in the BRE DDR Joint Ventures that were transferred or redeemed in the fourth quarter of 2020.
Impairment Charges and Reserves Measured at Fair Value of Real Estate on Non-Recurring Basis	The following table presents information about the fair value of real estate that was impaired, and therefore, measured on a fair value basis, along with the related impairment charge, for the years ended December 31, 2022, 2021 and 2020. The table also indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions). Fair Value Measurements Level 1 Level 2 Level 3 Total Total December 31, 2022 Long-lived assets held and used $ — $ — $ 7.0 $ 7.0 $ 2.5 December 31, 2021 Long-lived assets held and used — — 10.0 10.0 7.3 December 31, 2020 Long-lived assets held and used — — 11.5 11.5 5.2 Preferred equity interests — — 94.2 94.2 19.4
Summary of Significant Unobservable Inputs	The following table presents quantitative information about the significant unobservable inputs used by the Company to determine the fair value for the years ended December 31, 2022 and 2021 (in millions): Quantitative Information About Level 3 Fair Value Measurements Valuation Weighted Description Fair Value Technique Unobservable Inputs Range Average December 31, 2022 Impairment of consolidated assets $ 7.0 Indicative Bid (A) Indicative Bid (A) N/A N/A December 31, 2021 Impairment of consolidated assets 10.0 Indicative Bid (A) Indicative Bid (A) N/A N/A (A) Fair value measurements based upon an indicative bid and developed by third-party sources (including offers and comparable sales values), subject to the Company’s corroboration for reasonableness. The Company does not have access to certain unobservable inputs used by these third parties to determine these estimated fair values. Assets where the Company identified an impairment charge, were generally sold within one year of the period in which the impairment charge recorded.

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans and Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Summary of Stock Option Activity	The following table reflects the stock option activity: Weighted- Weighted- Aggregate Number of Options Average Remaining Intrinsic Balance December 31, 2019 350 $ 26.42 Forfeited ( 27 ) 22.20 Balance December 31, 2020 323 26.77 Forfeited ( 50 ) 25.71 Balance December 31, 2021 273 26.96 Forfeited ( 47 ) 25.29 Balance December 31, 2022 226 $ 27.31 2.3 $ — Options exercisable at December 31, 2022 226 $ 27.31 2.3 $ — 2021 273 26.96 3.1 — 2020 323 26.77 4.0 —
VSEP Grants [Member]
Activities for Unvested Restricted Stock Awards	The following table reflects the activity for the unvested awards pursuant to all restricted stock grants: Awards Weighted-Average Unvested at December 31, 2021 862 $ 11.14 Granted 134 15.33 Vested ( 257 ) 12.44 Forfeited ( 6 ) 13.80 Unvested at December 31, 2022 733 $ 11.43

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS	The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts). For the Year Ended December 31, 2022 2021 2020 Numerators – Basic and Diluted Net income $ 168,792 $ 125,416 $ 36,590 Income attributable to non-controlling interests ( 73 ) ( 481 ) ( 869 ) Write-off of preferred share original issuance costs — ( 5,156 ) — Preferred dividends ( 11,156 ) ( 13,656 ) ( 20,531 ) Distributable earnings attributable to unvested shares and OP Units ( 484 ) ( 572 ) ( 204 ) Net income attributable to common shareholders after $ 157,079 $ 105,551 $ 14,986 Denominators – Number of Shares Basic – Average shares outstanding 212,998 208,004 193,336 Assumed conversion of dilutive securities: PRSUs 744 973 441 Forward equity — 25 — OP units 141 141 — Diluted – Average shares outstanding 213,883 209,143 193,777 Earnings Per Share: Basic $ 0.74 $ 0.51 $ 0.08 Diluted $ 0.73 $ 0.51 $ 0.08

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Summary of Combined Activity and Taxable Activity	The following represents the activity of the Company’s TRS (in thousands): For the Year Ended December 31, 2022 2021 2020 Book income (loss) before income taxes $ 6,374 $ ( 3,420 ) $ ( 240 ) Current $ — $ — $ 39 Deferred — — — Total income tax expense $ — $ — $ 39
Summary of Differences Between Total Income Tax Expense Statutory Federal Income Tax Rate	The differences between total income tax expense and the amount computed by applying the statutory income tax rate to income before taxes with respect to its TRS activity were as follows (in thousands): For the Year Ended December 31, TRS 2022 2021 2020 Statutory Rate 21 % 21 % 21 % Statutory rate applied to pre-tax income (loss) $ 1,339 $ ( 718 ) $ ( 50 ) State income tax expense net of federal income tax benefit — — 33 Deferred tax impact of contributions of assets ( 7,542 ) ( 2,410 ) $ ( 3,617 ) Deferred tax impact of tax rate change 261 ( 366 ) ( 300 ) Valuation allowance (decrease) increase based on impact ( 261 ) 366 300 Valuation allowance increase (decrease) – other deferred 6,094 ( 1,087 ) 3,854 Expiration of capital loss carryforward — 3,584 — Other 109 631 ( 181 ) Total expense $ — $ — $ 39 Effective tax rate 0.00 % 0.00 % ( 16.20 %)
Summary of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities of the Company’s TRS were as follows (in thousands): For the Year Ended December 31, 2022 2021 Deferred tax assets (A) $ 37,735 $ 31,844 Deferred tax liabilities ( 142 ) ( 84 ) Valuation allowance ( 37,593 ) ( 31,760 ) Net deferred tax asset $ — $ — (A) At December 31, 2022, primarily attributable to $ 21.6 million of net operating losses and $ 10.2 million of book/tax differences in joint venture investments. At December 31, 2021, primarily attributable to $ 20.5 million of net operating losses, $ 3.8 million of book/tax differences in joint venture investments. The TRS net operating loss carryforwards will expire in varying amounts between the years 2024 and 2035 , except for approximately $ 6.1 million that does not expire and is limited to 80 % of taxable income.
Reconciliation of GAAP Net Income (Loss) Attributable to Taxable Income	Reconciliation of GAAP net income attributable to SITE Centers to taxable income is as follows (in thousands): For the Year Ended December 31, 2022 2021 2020 GAAP net income attributable to SITE Centers $ 168,719 $ 124,935 $ 35,721 Plus: Book depreciation and amortization (A) 182,227 162,342 154,051 Less: Tax depreciation and amortization (A) ( 127,506 ) ( 115,735 ) ( 105,385 ) Book/tax differences on losses from capital transactions ( 50,784 ) ( 28,114 ) ( 45,808 ) Joint venture equity (earnings) loss, net (A) ( 67,862 ) ( 15,480 ) 10,572 Deferred income ( 3,925 ) ( 1,158 ) ( 13,197 ) Compensation expense 7,129 11,534 4,031 Impairment charges 2,536 7,270 24,593 Miscellaneous book/tax differences, net ( 2,547 ) ( 20,183 ) 549 Taxable income before adjustments 107,987 125,411 65,127 Less: Net operating loss carryforward — ( 28,576 ) — Less: Capital gains ( 7,664 ) — — Taxable income subject to the 90 % dividend requirement $ 100,323 $ 96,835 $ 65,127 (A) Depreciation expense from majority-owned subsidiaries and affiliates, which is consolidated for financial reporting purposes but not for tax reporting purposes, is included in the reconciliation item “Joint venture equity (earnings) loss, net.”

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Summary of Information about Company's Reportable Operating Segments	In the fourth quarter of 2020, the Company transferred and redeemed its loan investments (preferred equity interests) in the BRE DDR Joint Ventures in exchange for the acquisition of certain of the underlying assets of the two joint ventures. As such, beginning on January 1, 2021, the Company has one reportable operating segment. The table below presents information about the Company’s reportable operating segments in 2020 (in thousands): For the Year Ended December 31, 2020 Shopping Loan Other Total Rental income $ 414,864 $ — $ 414,864 Other income 45,456 13 45,469 Total revenues 460,320 13 460,333 Rental operation expenses ( 138,402 ) — ( 138,402 ) Net operating income 321,918 13 321,931 Impairment charges ( 5,200 ) ( 5,200 ) Depreciation and amortization ( 170,669 ) ( 170,669 ) Interest income 11,888 11,888 Other expense, net $ ( 18,400 ) ( 18,400 ) Unallocated expenses (A) ( 130,485 ) ( 130,485 ) Equity in net income of joint ventures 1,516 1,516 Reserve of preferred equity interests, net ( 19,393 ) ( 19,393 ) Gain on sale and change in control of interests, net 45,464 45,464 Gain on disposition of real estate, net 1,069 1,069 Income before tax expense $ 37,721 As of December 31, 2020: Total gross real estate assets $ 4,989,388 $ 4,989,388 Unallocated expenses consist of General and Administrative Expenses and Interest Expense as listed in the Company’s consolidated statements of operations.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Non-cash Investing and Financing Activities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Significant Noncash Transactions [Line Items]
Consolidation of the net assets (excluding mortgages as disclosed below) of previously unconsolidated joint ventures	$ 42,800	$ 132,300	$ 272,600
Acquisition of non-controlling interest	0	2,100	0
Investment in joint ventures related to net assets acquired	8,500	11,600	86,400
Mortgages assumed, of previously unconsolidated joint ventures	0	73,900	196,600
Mortgages assumed, shopping center acquisitions	0	17,900	0
Accounts payable related to construction in progress	12,200	13,400	6,300
Dividends declared, but not paid	30,389	28,243	14,800
Tax receivable - investment sale proceeds	0	2,100	0
Write-off of preferred share original issuance costs	0	5,100	0
Building [Member]
Other Significant Noncash Transactions [Line Items]
Assumption of buildings due to ground lease terminations	$ 2,900	$ 0	$ 3,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Detail)	12 Months Ended
	Dec. 31, 2022
Tenant improvements [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives of the assets	Shorter of economic life or lease terms
Minimum [Member] | Buildings [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives of the assets	31 years 6 months
Minimum [Member] | Building improvements and fixtures [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives of the assets	3 years
Maximum [Member] | Buildings [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives of the assets	40 years
Maximum [Member] | Building improvements and fixtures [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives of the assets	20 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands		12 Months Ended
	Jan. 01, 2021 Segment	Dec. 31, 2022 USD ($) Segment	Dec. 31, 2021 USD ($) Segment	Dec. 31, 2020 USD ($) Segment
Summary Of Significant Accounting Policies [Line Items]
Capitalized costs		$ 4,000	$ 3,100	$ 3,000
Impairment charges related to consolidated real estate investment		2,536	7,270	5,200
Interest paid		71,300	70,200	76,000
Capitalized interest paid		1,100	600	900
Accounts receivable, not probable of being collected amount		1,500	3,000
Allowance for straight line rent		1,700	1,600
Straight line rent receivable, net		31,900	29,800
Annual Asset Management Fee Earned		500,000
Stock-based compensation cost recognized by the company		$ 6,800	$ 13,000	$ 8,000
Number of reportable segments | Segment	1	1	1	2
Transferred And Redeemed Loan Investments				the Company transferred and redeemed its loan investments (preferred equity interests) in BRE DDR Retail Holdings III and BRE DDR Retail Holdings IV (the “BRE DDR Joint Ventures”) in exchange for the acquisition of certain of the underlying assets of two joint ventures
Quantitative threshold of revenues, profit or loss and assets for identifying reportable segments		The Company’s chief operating decision maker may review operational and financial data on a property basis and does not differentiate among properties on a geographical basis for purposes of allocating resources or capital. The Company evaluates individual property performance primarily based on net operating income before depreciation, amortization and certain nonrecurring items. Each consolidated shopping center is considered a separate operating segment; however, each shopping center, on a stand-alone basis, represents less than 10% of revenues, profit or loss, and assets of the combined reported operating segment and meets the majority of the aggregations criteria under the applicable standard.
Retail Value Inc [Member]
Summary Of Significant Accounting Policies [Line Items]
Property Management Fees Description		RVI property management fees were paid monthly generally based on the average gross revenue collected during the three months immediately preceding the most recent December 31 or June 30. The Company received a supplemental fee from RVI for the period July 1, 2020 to June 30, 2021 to negate the adverse impact of the COVID-19 pandemic on revenue collection and the resulting reduction to the property management fee payable to the Company.
Disposition fees equal to percentage of gross sale price		1%
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease term		1 month
Minimum [Member] | Geographic Concentration Risk [Member] | Revenues [Member] | Shopping Center [Member] | Stand-Alone Shopping Center [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of revenues		10%
Minimum [Member] | Tenant [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease term		1 month
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease term		30 years
Maximum [Member] | Tenant [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease term		30 years
Adoption of Topic 606 [Member]
Summary Of Significant Accounting Policies [Line Items]
Revenue recognized percentage upon lease execution		50%
Revenue recognized percentage upon tenant rent commencement		50%
Real Estate Investment [Member]
Summary Of Significant Accounting Policies [Line Items]
Impairment charges related to consolidated real estate investment		$ 2,500	$ 7,300	$ 5,200

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Revenue performance obligation payment description	0
Covid19
Disaggregation Of Revenue [Line Items]
Rental income	$ 1.4	$ 9.4
Share of unconsolidated joint ventures in rental income		$ 1.6
Reduction in rental income			$ 31.9
Share of unconsolidated joint ventures reduction in rental income			$ 4.4

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Fee and Other Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 10,556	$ 38,752	$ 41,413
Other property income	4,691	3,313	4,056
Total fee and other income	15,247	42,065	45,469
Asset and Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	8,308	25,798	31,255
Leasing Commission And Development Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,863	3,878	6,956
RVI Disposition Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	385	9,016	3,142
RVI Credit Facility Guaranty Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 0	$ 60	$ 60

Investments in and Advances t_3

Investments in and Advances to Joint Ventures - Summary of Company's Equity Method Joint Ventures Included in Investments in and Advances (Detail)	12 Months Ended
	Dec. 31, 2022 Property
Dividend Trust Portfolio JV LP [Member]
Schedule Of Equity Method Investments [Line Items]
Partner	Chinese Institutional Investors
Effective Ownership Percentage	20%
Operating Properties	10
DDRM Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Partner	Madison International Realty
Effective Ownership Percentage	20%
Operating Properties	7
RVIP IIIB, Deer Park, IL [Member]
Schedule Of Equity Method Investments [Line Items]
Partner	Prudential
Effective Ownership Percentage	25.75%
Operating Properties	1

Investments in and Advances t_4

Investments in and Advances to Joint Ventures - Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Combined Balance Sheets
Land	$ 1,066,852	$ 1,011,401
Buildings	3,733,805	3,624,164
Fixtures and tenant improvements	576,036	556,056
Total real estate rental property	5,376,693	5,191,621
Less: Accumulated depreciation	(1,652,899)	(1,571,569)
Real estate rental property, net	3,723,794	3,620,052
Construction in progress and land	56,466	47,260
Total real estate assets, net	3,780,260	3,667,312
Other assets, net	135,009	130,479
Total assets	4,045,017	3,967,051
Mortgage debt	54,577	125,799
Total liabilities	1,952,395	1,924,399
Accumulated equity	2,092,622	2,042,652	$ 1,944,823	$ 1,981,478
Total liabilities and equity	4,045,017	3,967,051
Company's share of accumulated equity	42,644	59,286
Basis differentials	(707)	2,946
Deferred development fees, net of portion related to the Company's interest	(301)	(937)
Amounts payable to the Company	2,972	3,331
Investments in and Advances to Joint Ventures, net	44,608	64,626
Unconsolidated Joint Ventures [Member]
Condensed Combined Balance Sheets
Land	212,326	378,442
Buildings	643,334	1,092,245
Fixtures and tenant improvements	70,636	123,313
Total real estate rental property	926,296	1,594,000
Less: Accumulated depreciation	(220,642)	(441,215)
Real estate rental property, net	705,654	1,152,785
Construction in progress and land	1,965	5,778
Total real estate assets, net	707,619	1,158,563
Cash and restricted cash	44,809	37,535
Receivables, net	11,671	16,854
Other assets, net	36,272	49,029
Total assets	800,371	1,261,981
Mortgage debt	535,093	873,336
Notes and accrued interest payable to the Company	2,972	3,331
Other liabilities	41,588	51,473
Total liabilities	579,653	928,140
Accumulated equity	220,718	333,841
Total liabilities and equity	$ 800,371	$ 1,261,981

Investments in and Advances t_5

Investments in and Advances to Joint Ventures - Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Combined Statements of Operations
Revenues from operations	$ 552,353	$ 532,864	$ 460,333
Expenses from operations:
Operating expenses	422,630	400,877	367,152
Impairment charges	2,536	7,270	5,200
Depreciation and amortization	203,546	185,768	170,669
Interest expense	77,692	76,383	77,604
Other income (expense), net	2,540	1,185	18,400
Net income	168,792	125,416	36,590
Company's share of equity in net income of joint ventures	22,262	49,417	1,109
Basis differential adjustments(A)	5,630	(2,120)	407
Equity in net income of joint ventures	27,892	47,297	1,516
Unconsolidated Joint Ventures [Member]
Condensed Combined Statements of Operations
Revenues from operations	132,494	195,559	252,946
Expenses from operations:
Operating expenses	35,319	53,391	77,040
Impairment charges	17,550	0	33,240
Depreciation and amortization	46,518	66,618	99,779
Interest expense	34,055	43,379	60,010
Preferred share expense	0	0	15,708
Other income (expense), net	12,303	12,074	13,796
Total expenses	145,745	175,462	299,573
Income (loss) before gain on disposition of real estate	(13,251)	20,097	(46,627)
Gain on disposition of real estate, net	120,097	89,935	9,257
Net income	$ 106,846	$ 110,032	$ (37,370)

Investments in and Advances t_6

Investments in and Advances to Joint Ventures - Revenues Earned by Company's Unconsolidated Joint Ventures and Interest Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from contracts:
Total revenue from contracts with customers	$ 10,556	$ 38,752	$ 41,413
Other:
Interest income	0	0	12,000
Other	1,000	1,700	2,100
Other, Total	1,000	1,700	14,100
Revenue and other income	10,600	14,500	31,100
Asset and Property Management Fees [Member]
Revenue from contracts:
Total revenue from contracts with customers	8,308	25,798	31,255
Unconsolidated Joint Ventures [Member]
Revenue from contracts:
Total revenue from contracts with customers	9,600	12,800	17,000
Unconsolidated Joint Ventures [Member] | Asset and Property Management Fees [Member]
Revenue from contracts:
Total revenue from contracts with customers	7,700	10,600	12,800
Unconsolidated Joint Ventures [Member] | Leasing Commissions And Development Fees[Member]
Revenue from contracts:
Total revenue from contracts with customers	$ 1,900	$ 2,200	$ 4,200

Investments in and Advances t_7

Investments in and Advances to Joint Ventures - Additional Information (Detail) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2020 USD ($)	Dec. 31, 2022 USD ($) Property ShoppingCenter	Dec. 31, 2021 USD ($) Property ShoppingCenter	Dec. 31, 2020 USD ($) ShoppingCenter
Schedule Of Equity Method Investments [Line Items]
Proceeds from sale of joint venture interests		$ 39,250	$ 0	$ 140,441
Gain on sale and change in control of interests, net		45,581	19,185	45,464
Company's proportionate share of gain on sale of joint venture assets		$ 27,000	$ 36,600	$ 1,800
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties sold | ShoppingCenter		16	6	2
Sales price of joint venture assets		$ 439,200	$ 135,500	$ 27,700
Acquisition Related Costs [Member]
Schedule Of Equity Method Investments [Line Items]
Gain on sale and change in control of interests, net		$ 3,319	7,210
Richmond Hill [Member] | Undeveloped Land [Member]
Schedule Of Equity Method Investments [Line Items]
Gain (loss) on sale of joint venture interest			12,100
Net proceeds after closing costs and foreign currency translation			22,100
Aggregate gain on transaction			14,900
Gain reported by the joint venture			2,800
SAU Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Equity interest percentage sold		20%
Gross asset value used for sale of interest		$ 155,700
Share of gross asset value used for sale of interest percent		100%
Lennox Town Center Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Equity interest percentage sold		50%
Gross asset value used for sale of interest		$ 77,000
Share of gross asset value used for sale of interest percent		100%
SAU and Lennox Town Center Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Gain (loss) on sale of joint venture interest		$ 42,200
DDRTC Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Percentage of joint venture sold	15%			15%
Gain (loss) on sale of joint venture interest				$ 45,600
BRE DDR Joint Ventures
Schedule Of Equity Method Investments [Line Items]
Gain (loss) on sale of joint venture interest	$ (200)
D D R M Properties Joint Venture
Schedule Of Equity Method Investments [Line Items]
Gross fair value of properties acquired			$ 134,000
Estimated fair value of properties percentage			100%
Acquisition of equity interest percentage		80%	80%
Number of properties existing for mortgage loans | Property			6
Previous ownership interest stepped up due to change in control		20%	20%
Purchase price of assets at company share		$ 35,600	$ 107,200
Mortgage debt repaid at closing			73,900
Number of properties acquired | Property		1
D D R M Properties Joint Venture | Acquisition Related Costs [Member]
Schedule Of Equity Method Investments [Line Items]
Gain on sale and change in control of interests, net			$ 7,200
DDRM Joint Venture [Member] | Acquisition Related Costs [Member]
Schedule Of Equity Method Investments [Line Items]
Gain on sale and change in control of interests, net		$ 3,300

Investment In and Advances to_3

Investment In and Advances to Affiliate - Additional Information (Detail)		1 Months Ended	12 Months Ended
	Jul. 01, 2018 USD ($) ShoppingCenter shares	Oct. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 26, 2018
Investments In And Advances To Affiliates [Line Items]
Mortgage debt			$ 54,577,000	$ 125,799,000
Mortgages
Investments In And Advances To Affiliates [Line Items]
Mortgage debt			54,600,000	$ 125,800,000
Retail Value Inc. [Member]
Investments In And Advances To Affiliates [Line Items]
Aggregate purchase price		$ 1
Retail Value Inc. [Member] | Management Agreement [Member]
Investments In And Advances To Affiliates [Line Items]
Fee and other income			$ 1,000,000
Retail Value Inc. [Member] | Series A Preferred Stock
Investments In And Advances To Affiliates [Line Items]
Preferred stock, number of shares issued | shares	1,000
Preferred stock, value	$ 190,000,000
Distribution Received		$ 190,000,000
Retail Value Inc. [Member] | Spin-off [Member]
Investments In And Advances To Affiliates [Line Items]
Number of shopping centers in connection with spinoff | ShoppingCenter	48
Gross asset value	$ 2,700,000,000
Percentage of distribution of outstanding common shares rights to holders					100%
Spin off distribution description	On the spin-off date, holders of SITE Centers’ common shares received one common share of RVI for every ten shares of SITE Centers’ common stock held on the record date.
Retail Value Inc. [Member] | Spin-off [Member] | Mortgages
Investments In And Advances To Affiliates [Line Items]
Mortgage debt	$ 1,270,000,000
Retail Value Inc. [Member] | Spin-off [Member] | UNITED STATES
Investments In And Advances To Affiliates [Line Items]
Number of shopping centers in connection with spinoff | ShoppingCenter	36
Retail Value Inc. [Member] | Spin-off [Member] | PUERTO RICO
Investments In And Advances To Affiliates [Line Items]
Number of shopping centers in connection with spinoff | ShoppingCenter	12

Investment In and Advances to_4

Investment In and Advances to Affiliate - Schedule of Revenue From Contracts With Customers Included in Fee and Other Income on Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with RVI	$ 10,556	$ 38,752	$ 41,413
Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with RVI		26,000	24,400
Asset and Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with RVI	$ 8,308	25,798	31,255
Asset and Property Management Fees [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with RVI		15,200	18,400
Leasing Commissions [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with RVI		1,700	2,800
Disposition Fees [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with RVI		9,000	3,100
Credit Facility Guaranty Fees [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with RVI		$ 100	$ 100

Acquisitions - Schedule of Comp

Acquisitions - Schedule of Company Acquired Shopping Centers (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Artesia Village [Member] | Scottsdale, Arizona [Member]
Business Acquisition [Line Items]
Date Acquired	2022-01
Purchase Price	$ 14.5
Face Value of Mortgage Debt Assumed	$ 0
Casselberry Commons [Member] | Casselberry, Florida [Member]
Business Acquisition [Line Items]
Date Acquired	2022-02
Purchase Price	$ 35.6
Face Value of Mortgage Debt Assumed	$ 0
Shops at Boca Center [Member] | Boca Raton, Florida [Member]
Business Acquisition [Line Items]
Date Acquired	2022-03
Purchase Price	$ 90
Face Value of Mortgage Debt Assumed	$ 0
Shoppes of Crabapple [Member] | Alpharetta, Georgia [Member]
Business Acquisition [Line Items]
Date Acquired	2022-04
Purchase Price	$ 4.4
Face Value of Mortgage Debt Assumed	$ 0
La Fiesta Square [Member] | Lafayette, California [Member]
Business Acquisition [Line Items]
Date Acquired	2022-05
Purchase Price	$ 60.8
Face Value of Mortgage Debt Assumed	$ 0
Lafayette Mercantile [Member] | Lafayette, California [Member]
Business Acquisition [Line Items]
Date Acquired	2022-05
Purchase Price	$ 43
Face Value of Mortgage Debt Assumed	$ 0
Shops at Tanglewood [Member] | Houston, Texas [Member]
Business Acquisition [Line Items]
Date Acquired	2022-06
Purchase Price	$ 22.2
Face Value of Mortgage Debt Assumed	$ 0
Boulevard at Marketplace [Member] | Fairfax, Virginia [Member]
Business Acquisition [Line Items]
Date Acquired	2022-06
Purchase Price	$ 10.4
Face Value of Mortgage Debt Assumed	$ 0
Fairfax, Marketplace [Member] | Fairfax, Virginia [Member]
Business Acquisition [Line Items]
Date Acquired	2022-06
Purchase Price	$ 16
Face Value of Mortgage Debt Assumed	$ 0
Fairfax, Pointe [Member] | Fairfax, Virginia [Member]
Business Acquisition [Line Items]
Date Acquired	2022-06
Purchase Price	$ 8.4
Face Value of Mortgage Debt Assumed	$ 0
Parkwood, Shops [Member] | Atlanta, Georgia [Member]
Business Acquisition [Line Items]
Date Acquired	2022-07
Purchase Price	$ 8.4
Face Value of Mortgage Debt Assumed	$ 0
Chandler Center [Member] | Chandler, Arizona [Member]
Business Acquisition [Line Items]
Date Acquired	2022-08
Purchase Price	$ 5.3
Face Value of Mortgage Debt Assumed	$ 0
Shops at Power and Baseline [Member] | Mesa, Arizona [Member]
Business Acquisition [Line Items]
Date Acquired	2022-08
Purchase Price	$ 4.6
Face Value of Mortgage Debt Assumed	$ 0
Northsight Plaza [Member] | Scottsdale, Arizona [Member]
Business Acquisition [Line Items]
Date Acquired	2022-08
Purchase Price	$ 6.1
Face Value of Mortgage Debt Assumed	$ 0
Broadway Center [Member] | Tempe, Arizona [Member]
Business Acquisition [Line Items]
Date Acquired	2022-08
Purchase Price	$ 7
Face Value of Mortgage Debt Assumed	$ 0
Shops on Montview [Member] | Denver, Colorado [Member]
Business Acquisition [Line Items]
Date Acquired	2022-11
Purchase Price	$ 5.8
Face Value of Mortgage Debt Assumed	$ 0
Shoppes at Addison Place [Member] | Delray Beach, Florida [Member]
Business Acquisition [Line Items]
Date Acquired		2021-05
Purchase Price		$ 40
Face Value of Mortgage Debt Assumed		$ 17.9
Emmet Street Station [Member] | Charlottesville, Virginia [Member]
Business Acquisition [Line Items]
Date Acquired		2021-05
Purchase Price		$ 8.8
Face Value of Mortgage Debt Assumed		$ 0
Hammond Springs [Member] | Atlanta, Georgia [Member]
Business Acquisition [Line Items]
Date Acquired		2021-09
Purchase Price		$ 31
Face Value of Mortgage Debt Assumed		$ 0
Emmet Street North [Member] | Charlottesville, Virginia [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 3.9
Face Value of Mortgage Debt Assumed		$ 0
At Home (Single Box) [Member] | Princeton, New Jersey [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 15.8
Face Value of Mortgage Debt Assumed		$ 0
Belgate Shopping Center (land parcel) [Member] | Charlotte, North Carolina [Member]
Business Acquisition [Line Items]
Date Acquired		2021-11
Purchase Price		$ 1.1
Face Value of Mortgage Debt Assumed		$ 0
Village Square at Golf [Member] | Boynton Beach, Florida [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 0
Face Value of Mortgage Debt Assumed		$ 0
Shoppes at Paradise Point [Member] | Fort Walton Beach, Florida [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 0
Face Value of Mortgage Debt Assumed		$ 0
Midway Plaza [Member] | Tamarac, Florida [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 0
Face Value of Mortgage Debt Assumed		$ 0
North Point Plaza [Member] | Tampa, Florida [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 0
Face Value of Mortgage Debt Assumed		$ 0
The Shoppes at New Tampa [Member] | Wesley Chapel, Florida [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 0
Face Value of Mortgage Debt Assumed		$ 0
Paradise Shoppes of Ellenwood [Member] | Ellenwood, Georgia [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 0
Face Value of Mortgage Debt Assumed		$ 0
Paradise Village Gateway [Member] | Phoenix, Arizona [Member]
Business Acquisition [Line Items]
Date Acquired		2021-12
Purchase Price		$ 0
Face Value of Mortgage Debt Assumed		$ 0

Acquisitions - Schedule of Co_2

Acquisitions - Schedule of Company Acquired Shopping Centers (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($) Property	Dec. 31, 2022	Feb. 28, 2022 USD ($)
Paradise Village Gateway [Member]
Business Acquisition [Line Items]
Mortgage debt repaid at closing	$ 27.6
Percentage of acquired partners interest	33%
Partners ownership interest. percentage	33%
DDRM Properties [Member]
Business Acquisition [Line Items]
Acquired partner's interest	80%	80%
Purchase price of assets at full share	$ 134		$ 44.5
Number of properties acquired | Property	6
Purchase price of assets full share percent	100%		100%
Purchase price of assets at company share	$ 107.2		$ 35.6
Purchase price of assets company share percent	80%		80%
Mortgage debt repaid at closing	$ 73.9

Acquisitions - Schedule of Acqu

Acquisitions - Schedule of Acquisition Cost of Shopping Centers (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Less: Below-market leases	$ (59,825)	$ (59,690)
Gain on sale and change in control of interests, net	45,581	19,185	$ 45,464
Acquisition Related Costs [Member]
Business Acquisition [Line Items]
Cash (including debt repaid at closing)	335,100	137,714
Gain on sale and change in control of interests, net	3,319	7,210
Carrying value of previously held common equity interests	5,172	4,379
Total consideration	343,591	149,303
Shopping Center Acquired [Member]
Business Acquisition [Line Items]
Land	94,014	75,732
Buildings	227,354	135,537
Tenant improvements	4,612	3,620
Construction in progress	0	1,109
Other assets assumed	503	1,005
Assets acquired	356,455	244,832
Less: Mortgage debt assumed at fair value	0	(91,833)
Less: Below-market leases	(9,907)	(8,504)
Less: Other liabilities assumed	(2,957)	(2,336)
Fair value of non-controlling interest	0	7,144
Net assets acquired	343,591	149,303
Shopping Center Acquired [Member] | In-Place Leases (Including Lease Origination Costs and Fair Market Value of Leases) [Member]
Business Acquisition [Line Items]
Intangible assets acquired	$ 29,972	$ 27,829
Weighted Average Amortization Period	6 years 4 months 24 days	5 years 7 months 6 days
Shopping Center Acquired [Member] | Below-Market Leases [Member]
Business Acquisition [Line Items]
Weighted Average Amortization Period	13 years 10 months 24 days	16 years

Acquisitions - Schedule of Ac_2

Acquisitions - Schedule of Acquisition Cost of Shopping Centers (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Combinations [Abstract]
Weighted-average discount rates applied to cash flows	8%	7.30%
Weighted-average residual capitalization rates	6%	6.80%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Combinations [Abstract]
Revenues from the date of acquisition	$ 18.4	$ 3.9	$ 7.3

Other Assets and Intangibles,_3

Other Assets and Intangibles, net - Components of Other Assets and Intangibles (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Intangible assets:
Total intangible assets, net	$ 87,748	$ 94,059
Operating lease ROU assets	18,197	19,047
Other assets:
Prepaid expenses	6,721	7,722
Swap Receivable	8,138	0
Other assets	3,491	1,708
Deposits	3,188	3,796
Deferred charges, net	7,526	4,147
Total other assets, net	135,009	130,479
Below-market leases, net (other liabilities)	59,825	59,690
In-Place Leases, Net [Member]
Intangible assets:
Total intangible assets, net	61,918	64,464
Above-Market Leases, Net [Member]
Intangible assets:
Total intangible assets, net	6,206	7,390
Lease origination costs, net [Member]
Intangible assets:
Total intangible assets, net	8,093	6,636
Tenant Relationships, Net [Member]
Intangible assets:
Total intangible assets, net	$ 11,531	$ 15,569

Other Assets and Intangibles,_4

Other Assets and Intangibles, net - Summary of Amortization Expense Related to the Intangibles, Excluding Above and Below-Market Leases (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets Net Excluding Goodwill [Abstract]
Amortization expense	$ 27.5	$ 21.6	$ 15.8

Other Assets and Intangibles,_5

Other Assets and Intangibles, net - Summary of Estimated Net Future Amortization Associated with Above and Below-Market Leases (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Intangible Assets Net Excluding Goodwill [Abstract]
Future amortization income, 2023	$ 4.7
Future amortization income, 2024	4.8
Future amortization income, 2025	4.8
Future amortization income, 2026	4.6
Future amortization income, 2027	$ 4.4

Other Assets and Intangibles,_6

Other Assets and Intangibles, net - Summary of Estimated Future Amortization Expense Associated with Intangible Assets, Excluding Above and Below-Market Leases (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Intangible Assets Net Excluding Goodwill [Abstract]
Future amortization expense, 2023	$ 22.2
Future amortization expense, 2024	18
Future amortization expense, 2025	12
Future amortization expense, 2026	7.5
Future amortization expense, 2027	$ 5.1

Leases - Schedule of Operating

Leases - Schedule of Operating Lease ROU Assets and Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease ROU Assets	$ 18,197	$ 19,047
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets, net	Other assets, net
Operating Lease Liabilities	$ 37,777	$ 38,491
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable and other liabilities	Accounts payable and other liabilities

Leases - Schedule of Operatin_2

Leases - Schedule of Operating Lease Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee Lease Description [Line Items]
Total lease costs	$ 4,809	$ 5,050	$ 5,343
Operating and Maintenance [Member]
Lessee Lease Description [Line Items]
Total lease costs	2,596	2,645	2,716
General and Administrative [Member]
Lessee Lease Description [Line Items]
Total lease costs	$ 2,213	$ 2,405	$ 2,627

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Balance Sheet Information Related to Operating Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted-Average Remaining Lease Term	35 years 4 months 24 days	35 years 6 months
Weighted-Average Discount Rate	7.40%	7.40%
Cash paid for amounts included in the measurement — operating cash flows from lease liabilities (in thousands)	$ 4,227	$ 4,342

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 3,657
2024	3,658
2025	3,717
2026	3,815
2027	3,743
Thereafter	107,371
Total lease payments	125,961
Less imputed interest	(88,184)
Total	$ 37,777	$ 38,491

Leases - Additional Information

Leases - Additional Information (Detail)	Dec. 31, 2022
Minimum [Member]
Lessee Lease Description [Line Items]
Operating lease term	1 month
Maximum [Member]
Lessee Lease Description [Line Items]
Operating lease term	30 years

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Income from Rental Properties under Terms of Non-Cancelable Tenant Leases (Detail) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 384,320
2024	343,074
2025	286,598
2026	238,366
2027	190,968
Thereafter	536,633
Total	$ 1,979,959

Revolving Credit Facilities - A

Revolving Credit Facilities - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($)
P N C Bank N A [Member]
Debt Instrument [Line Items]
Line Of Credit Facility Terminated	$ 20,000,000
Revolving Credit Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility	10%
Unsecured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Covenant compliance	The Company was in compliance with these financial covenants at December 31, 2022 and 2021.
Unsecured Debt [Member] | Revolving Credit Facility [Member] | Jp Morgan Chase Bank Na [Member]
Debt Instrument [Line Items]
Lines of Credit Maturity Date	2026-06
Line of credit options to extended maturity date	2027-06
Facility fee	20%
Revolving credit facility maturity extension option	extend the maturity date to June 2026 subject to two six-month options to extend the maturity to June 2027 upon the Company’s request (subject to satisfaction of certain conditions)
Unsecured Debt [Member] | Revolving Credit Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility	0.85%
Unsecured Debt [Member] | Revolving Credit Facility [Member] | Alternative Base Rate [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility	0%
Maximum [Member] | Unsecured Debt [Member] | Revolving Credit Facility [Member] | Jp Morgan Chase Bank Na [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility borrowing capacity	$ 950,000,000
Accordion feature	$ 1,450,000,000

Unsecured and Secured Indebte_3

Unsecured and Secured Indebtedness - Summary of Unsecured and Secured Indebtedness (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Net unamortized debt issuance costs	$ (5,630)
Total Senior Notes	1,453,923	$ 1,451,768
Total Term Loan	198,521	99,810
Mortgage Indebtedness	54,577	125,799
Unsecured Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Carrying Amount	1,460,000	1,460,000
Senior notes – discount, net	(2,300)	(3,100)
Net unamortized debt issuance costs	(3,800)	(5,100)
Total Senior Notes	$ 1,453,900	$ 1,451,800
Debt Instrument Maturity Date, Start	2023-05
Debt Instrument Maturity Date, End	2027-06
Unsecured Senior Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate	3.375%	3.375%
Unsecured Senior Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate	4.70%	4.70%
Mortgages
Debt Instrument [Line Items]
Net unamortized debt issuance costs	$ (300)	$ (700)
Mortgage Indebtedness	54,600	125,800
Mortgage indebtedness Fixed Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Carrying Amount	$ 54,900	$ 126,500
Weighted average discount rate percent	4.50%	4.20%
Debt Instrument Maturity Date, Start	2024-02
Debt Instrument Maturity Date, End	2025-05
Wells Fargo Bank National Association [Member] | Term Loan [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Carrying Amount	$ 200,000	$ 100,000
Net unamortized debt issuance costs	(1,500)	(200)
Total Term Loan	$ 198,500	$ 99,800
Term Loan interest rates	4%	1.10%
Debt Instrument Maturity Date	2027-06

Unsecured and Secured Indebte_4

Unsecured and Secured Indebtedness - Summary of Unsecured and Secured Indebtedness (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Term Loan [Member] | SOFR [Member]
Debt Instrument [Line Items]
Derivative, cap interest rate	2.75%
Senior Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Effective interest rate	3.50%	3.50%
Senior Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Effective interest rate	4.80%	4.80%
Unsecured Debt [Member] | Term Loan [Member] | Wells Fargo Bank National Association [Member] | SOFR [Member]
Debt Instrument [Line Items]
Specified spread line of credit	10 basis point
Basis spread on variable rate, percent	0.95%

Unsecured and Secured Indebte_5

Unsecured and Secured Indebtedness - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Covenant terms		The fixed-rate senior notes were issued pursuant to indentures that contain certain covenants, including limitations on incurrence of debt, maintenance of unencumbered real estate assets and debt service coverage. The covenants also provide that the cumulative dividends declared or paid from December 31, 1993, through the end of the current period cannot exceed Funds From Operations (as defined in the agreement) plus an additional $20.0 million for the same period unless required to maintain REIT status. Interest is paid semiannually in arrears. At December 31, 2022 and 2021, the Company was in compliance with all of the financial covenants under the indentures.
Covenant compliance		At December 31, 2022 and 2021, the Company was in compliance with all of the financial covenants under the indentures.
Revolving credit facilities		$ 0	$ 0
Gross fees paid for revolving credit facilities and term loans		2,200	$ 2,100	$ 2,600
Mortgage Payable [Member]
Debt Instrument [Line Items]
Net book value of investments and real estate collateralizing mortgages payable		$ 107,100
Mortgage Payable [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate		3.80%
Mortgage Payable [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate		4.90%
Term Loan [Member]
Debt Instrument [Line Items]
Outstanding borrowings		$ 200,000
Fixed interest rate		3.80%
Term Loan [Member] | SOFR [Member]
Debt Instrument [Line Items]
Term loan	$ 200,000
Percentage of converted fixed interest rate	2.75%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facilities		$ 0
Revolving Credit Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility		10%
Senior Notes [Member]
Debt Instrument [Line Items]
Senior notes, Weighted Average Interest Rate		4.10%	4.10%
Unsecured Debt [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Covenant compliance		The Company was in compliance with these financial covenants at December 31, 2022 and 2021.
Unsecured Debt [Member] | Revolving Credit Facility [Member] | SOFR [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility		0.85%
Unsecured Debt [Member] | Revolving Credit Facility [Member] | Alternative Base Rate [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility		0%
Unsecured Debt [Member] | Wells Fargo Bank National Association [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, maximum increasable amount		$ 800,000
Term loan maturity date		2027-06
Delayed draw feature amount		$ 100,000
Amount of term loan amended and restated		$ 100,000
Covenant compliance		Company was in compliance with these financial covenants at December 31, 2022 and 2021
Unsecured Debt [Member] | Wells Fargo Bank National Association [Member] | Term Loan [Member] | SOFR [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility		0.95%
Specified spread line of credit		10 basis point
Unsecured Debt [Member] | Wells Fargo Bank National Association [Member] | Term Loan [Member] | Alternative Base Rate [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility		0%

Unsecured and Secured Indebte_6

Unsecured and Secured Indebtedness - Schedule of Principal Repayments (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2023	$ 88,449
2024	93,377
2025	481,542
2026	398,910
2027	649,636
Long-term Debt	1,711,914
Unamortized fair market value of assumed debt	737
Net unamortized debt issuance costs	(5,630)
Total indebtedness	$ 1,707,021	$ 1,677,377

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative Financial Instruments	$ 8.1
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative Financial Instruments	0
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative Financial Instruments	8.1
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivative Financial Instruments	$ 0

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Schedule of Carrying Values Different from Estimated Fair Values (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	$ 1,453,923	$ 1,451,768
Revolving Credit Facilities and Term Loan	198,521	99,810
Mortgage Indebtedness	54,577	125,799
Total indebtedness	1,707,021	1,677,377
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,378,485	1,559,973
Revolving Credit Facilities and Term Loan	200,000	100,000
Mortgage Indebtedness	51,936	127,488
Total indebtedness	$ 1,630,421	$ 1,787,461

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements - Additional Information (Detail) - Interest Rate Swap [Member] $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Derivatives, Fair Value [Line Items]
Notional amount of swap	$ 200
Fixed rate of debt	2.75%
Expiration date of swap	2027-06
Gain (loss) on derivative instruments, net	$ 4

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Contingencies And Commitments [Line Items]
Agreements entered into with general contractors for the construction or redevelopment of shopping centers	$ 24.4
Purchase order obligations for the maintenance and general expenses of shopping centers	4.9
Outstanding letters of credit	12.9
Commitments for construction of unconsolidated properties	$ 4.2

Non-Controlling Interests, Pr_3

Non-Controlling Interests, Preferred Shares, Common Shares and Common Shares in Treasury - Additional Information (Detail) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 20, 2022	Dec. 31, 2018
Schedule Of Equity [Line Items]
Operating partnership units outstanding	140,633		140,633	140,633
Write-off of preferred share original issuance costs			$ 0	$ 5,100,000	$ 0
Common shares, issued				17,250,000
Weighted average common share price per share				$ 13.06
Net proceeds from issuance of common shares				$ 225,300,000
Stock repurchase program authorized amount						$ 100,000,000	$ 100,000,000
Shares repurchased	500,000		3,200,000		800,000
Shares repurchased at cost	$ 6,600,000		$ 42,256,000		$ 7,500,000
Share repurchase, price per share			$ 13.04		$ 9.18
Continuous Equity Program [Member]
Schedule Of Equity [Line Items]
Dollar Value of Continuous Equity Program		$ 250,000,000
Forward Sale Agreement [Member]
Schedule Of Equity [Line Items]
Common shares, issued		2,400,000
Weighted-average price		$ 15.79
Gross proceeds from issuance of common stock		$ 38,300,000
Class K Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred stock, liquidation preference, value				$ 150,000,000
Preferred stock dividend rate				6.25%
Cumulative redeemable preferred shares, liquidation value				$ 500
Per share price of depositary share				25
Redeemable preferred stock dividend per share prorated to redemption date				7.2049
Redeemable preferred stock dividend per depositary share prorated to redemption date				$ 0.3602
Write-off of preferred share original issuance costs				$ 5,100,000
Class A Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Cumulative redeemable preferred shares, liquidation value	$ 500		$ 500
Class A Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred stock dividend rate			6.375%	6.375%
Cumulative redeemable preferred shares, liquidation value	$ 500		$ 500	$ 500
Preferred Shares, without par value	750,000		750,000	750,000
Class B Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class C Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class D Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class E Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class F Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class G Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class H Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class I Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class J Cumulative Redeemable Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Class K Cumulative Redeemable Preferred Stock [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Non-Cumulative Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	750,000		750,000
Cumulative Voting Preferred Shares [Member]
Schedule Of Equity [Line Items]
Preferred Shares, without par value	2,000,000		2,000,000
Paradise Village Gateway [Member]
Schedule Of Equity [Line Items]
Percentage of acquired partners interest				33%
Non controlling Interests				$ (2,100,000)
Remaining interest acquired	$ 1,400,000		$ 1,400,000	$ 7,100,000

Non-Controlling Interests, Comm

Non-Controlling Interests, Common Shares and Common Shares in Treasury and Preferred Shares - Common Share Dividends Declared (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Common share dividends declared per share	$ 0.52	$ 0.47	$ 0.25

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) - Changes in Accumulated OCI by Component (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	$ 2,042,652	$ 1,944,823	$ 1,981,478
Reclassification adjustment for foreign currency translation included in net income	0	2,683	0
Other comprehensive income (loss) before reclassifications		(1)	(3,363)
Change in cash flow hedges	9,415
Change in cash flow hedges reclassed to earnings			1,172
Amounts reclassified from accumulated other comprehensive income to interest expense	(377)
Net current-period other comprehensive income (loss)		2,682	(2,191)
Ending Balance	2,092,622	2,042,652	1,944,823
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	0	0	(1,172)
Reclassification adjustment for foreign currency translation included in net income		0
Other comprehensive income (loss) before reclassifications		0	0
Change in cash flow hedges	9,415
Change in cash flow hedges reclassed to earnings			1,172
Amounts reclassified from accumulated other comprehensive income to interest expense	(377)
Net current-period other comprehensive income (loss)		0	1,172
Ending Balance	9,038	0	0
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	0	(2,682)	681
Reclassification adjustment for foreign currency translation included in net income		2,683
Other comprehensive income (loss) before reclassifications		(1)	(3,363)
Change in cash flow hedges	0
Change in cash flow hedges reclassed to earnings			0
Amounts reclassified from accumulated other comprehensive income to interest expense	0
Net current-period other comprehensive income (loss)		2,682	(3,363)
Ending Balance	0	0	(2,682)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance	0	(2,682)	(491)
Ending Balance	$ 9,038	$ 0	$ (2,682)

Other Comprehensive Income (L_4

Other Comprehensive Income (Loss) - Changes in Accumulated OCI by Component (Parenthetical) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)
Accumulated Other Comprehensive Income Loss [Line Items]
Change in cash flow hedges reclassed to earnings	$ 1,172
Other Expense [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Change in cash flow hedges reclassed to earnings	$ 1,100

Impairment Charges and Reserv_3

Impairment Charges and Reserves - Impairment Charges on Assets or Investments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Impairment Charges And Impairment Of Joint Venture Investments [Abstract]
Sale of building to tenant	$ 2,500	$ 0	$ 0
Assets marketed for sale	$ 0	$ 7,300	$ 3,200
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]	Asset Impairment Charges	Asset Impairment Charges	Asset Impairment Charges
Reserve of preferred equity interests	$ 0	$ 0	$ 19,393
Total impairment charges	2,500	7,300	24,600
Undeveloped Land [Member]
Impairment Charges And Impairment Of Joint Venture Investments [Abstract]
Assets marketed for sale	$ 0	$ 0	$ 2,000

Impairment Charges and Reserv_4

Impairment Charges and Reserves - Impairment Charges and Reserves Measured at Fair Value of Real Estate on Non-Recurring Basis (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Total Impairment Charges	$ 0	$ 7,300	$ 3,200
Reserve of preferred equity interests	0	0	19,393
Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used	7,000	10,000	11,500
Preferred equity interests			94,200
Long-lived assets held and used, Total Impairment Charges	2,500	7,300	5,200
Reserve of preferred equity interests			19,400
Fair Value Measurements [Member] | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used	0	0	0
Preferred equity interests			0
Fair Value Measurements [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used	0	0	0
Preferred equity interests			0
Fair Value Measurements [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used	$ 7,000	$ 10,000	11,500
Preferred equity interests			$ 94,200

Impairment Charges and Reserv_5

Impairment Charges and Reserves - Summary of Significant Unobservable Inputs (Detail) - Fair Value Measurements [Member] - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	$ 7	$ 10	$ 11.5
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	7	10	$ 11.5
Impairment of Consolidated Assets [Member] | Level 3 | Indicative Bid [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	$ 7	$ 10

Impairment Charges and Reserv_6

Impairment Charges and Reserves - Impairment Charges on Assets or Investments (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Offsetting Assets [Line Items]
Fixed price purchase option pursuant to lease agreement	$ 7

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans and Employee Benefits - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Class Of Stock [Line Items]
Share-based payments award, number of shares available for grant			2,800,000
Common shares issued			100,000	100,000
Black-Scholes Option Pricing Model [Member]
Class Of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, shares granted			0	0	0	0	0
Stock options [Member]
Class Of Stock [Line Items]
Contractual term of stock options, Maximum			10 years
RSUs [Member]
Class Of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, shares granted			100,000	400,000	500,000
Restricted Stock [Member]
Class Of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, shares granted			134,000
Weighted-average fair value of the restricted stock			$ 15.33
Total unrecognized compensation cost granted			$ 8.7
Term of recognition of unrecognized stock option compensation cost			1 year 4 months 24 days
Restricted Stock [Member] | Minimum [Member]
Class Of Stock [Line Items]
Vesting period			3 years
Weighted-average fair value of the restricted stock			$ 7.87
Restricted Stock [Member] | Maximum [Member]
Class Of Stock [Line Items]
Vesting period			4 years
Weighted-average fair value of the restricted stock			$ 15.33
Performance-Based Restricted Share Units (PRSUs) [Member]
Class Of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, shares granted					0
Common shares issued	519,255	570,295			257,168
Performance-based restricted share units, description			In 2022, the Board of Directors approved grants to its four named executive officers and one additional officer. In 2021 and 2020, the Board of Directors approved grants to the chief executive officer and the chief financial officer And in 2019 and 2018, the Board of Directors approved grants to the chief executive officer of PRSUs covering a “target” number of shares, subject to three-year performance periods beginning on the respective March 1 and ending after a three-year period on the respective February 28. In addition, in 2020 the Board of Directors approved grants to the chief financial officer covering a “target” number of shares, subject to one-year, and two-year performance periods beginning on March 1, 2020. In 2017, the Board of Directors approved grants to the chief executive officer and the former chief operating officer of PRSUs covering a “target” number of shares, subject to one-year, two-year and three-year performance periods beginning on March 1, 2017.
Performance-based restricted share units, fair value equity and liability awards			$ 3.9	$ 3.3	$ 4.5
Share based compensation arrangement by share based payment award, mark to market adjustment				$ 5.6	$ (0.7)
Performance-Based Restricted Share Units (PRSUs) [Member] | Minimum [Member]
Class Of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, target			0%
Performance-Based Restricted Share Units (PRSUs) [Member] | Maximum [Member]
Class Of Stock [Line Items]
Share-based compensation arrangement by share-based payment award, target threshold			200%

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans and Employee Benefits - Summary of Stock Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Options Outstanding, Beginning Balance	273	323	350
Number of Options, Forfeited	(47)	(50)	(27)
Number of Options Outstanding, Ending Balance	226	273	323
Number of Options exercisable	226	273	323
Weighted Average Exercise Price, Beginning balance	$ 26.96	$ 26.77	$ 26.42
Weighted Average Exercise Price, Forfeited	25.29	25.71	22.20
Weighted Average Exercise Price, Ending balance	27.31	26.96	26.77
Weighted Average Exercise Price, Options exercisable	$ 27.31	$ 26.96	$ 26.77
Weighted-Average Remaining Contractual Term (Years), Ending Balance	2 years 3 months 18 days
Weighted-Average Remaining Contractual Term (Years), Options exercisable	2 years 3 months 18 days	3 years 1 month 6 days	4 years
Aggregate Intrinsic Value, Options, Ending balance	$ 0
Aggregate Intrinsic Value, Options exercisable	$ 0	$ 0	$ 0

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans and Employee Benefits - Activities for Unvested Restricted Stock Awards (Detail) - Restricted Stock [Member] shares in Thousands	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of awards unvested, beginning balance | shares	862
Number of awards, Granted | shares	134
Number of awards, Vested | shares	(257)
Number of awards, Forfeited | shares	(6)
Number of awards unvested, ending balance | shares	733
Weighted-Average Grant Date Fair Value unvested, beginning balance | $ / shares	$ 11.14
Weighted-Average Grant Date Fair Value, Granted | $ / shares	15.33
Weighted-Average Grant Date Fair Value, Vested | $ / shares	12.44
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	13.80
Weighted-Average Grant Date Fair Value unvested, ending balance | $ / shares	$ 11.43

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income	$ 168,792	$ 125,416	$ 36,590
Income attributable to non-controlling interests	(73)	(481)	(869)
Write-off of preferred share original issuance costs	0	(5,156)	0
Preferred dividends	(11,156)	(13,656)	(20,531)
Distributable earnings attributable to unvested shares and OP Units	(484)	(572)	(204)
Net income attributable to common shareholders after allocation to participating securities	$ 157,079	$ 105,551	$ 14,986
Denominators – Number of Shares
Basic – Average shares outstanding	212,998	208,004	193,336
PRSUs	744	973	441
Forward equity	0	25	0
OP units	141	141	0
Diluted – Average shares outstanding	213,883	209,143	193,777
Earnings Per Share:
Basic	$ 0.74	$ 0.51	$ 0.08
Diluted	$ 0.73	$ 0.51	$ 0.08

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Earnings Per Share [Line Items]
Forward equity agreement		2.2
Restricted Stock Awards [Member]
Schedule Of Earnings Per Share [Line Items]
Options to purchase common shares not included in the computation of diluted EPS	0.7	0.9	0.9
Stock options [Member]
Schedule Of Earnings Per Share [Line Items]
Options to purchase common shares not included in the computation of diluted EPS	0.2	0.3	0.3

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Percentage of distributed taxable income to qualify as a REIT	90%
Number of years the Company distributed sufficient taxable income in order to meet REIT distribution requirements	3 years
U.S. federal income taxes	$ 0	$ 0	$ 0
U.S. federal excise taxes	$ 0	0	0
Number of subsequent taxable years	4 years
Net payment	$ 600,000	$ 600,000	$ 700,000

Income Taxes - Summary of Combi

Income Taxes - Summary of Combined Activity and Taxable Activity (Detail) - TRS [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Before Income Taxes [Line Items]
Book income (loss) before income taxes	$ 6,374	$ (3,420)	$ (240)
Current	0	0	39
Deferred	0	0	0
Total income tax expense	$ 0	$ 0	$ 39

Income Taxes - Summary of Diffe

Income Taxes - Summary of Differences Between Total Income Tax Expense Statutory Federal Income Tax Rate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Expense Benefit [Line Items]
Other	$ 2,547	$ 20,183	$ (549)
TRS [Member]
Income Tax Expense Benefit [Line Items]
Statutory Rate	21%	21%	21%
Statutory rate applied to pre-tax income (loss)	$ 1,339	$ (718)	$ (50)
State income tax expense net of federal income tax benefit	0	0	33
Deferred tax impact of contributions of assets	(7,542)	(2,410)	(3,617)
Deferred tax impact of tax rate change	261	(366)	(300)
Valuation allowance decrease based on impact of tax rate change	(261)	366	300
Valuation allowance increase (decrease) - other deferred	6,094	(1,087)	3,854
Expiration of capital loss carryforward	0	3,584	0
Other	109	631	(181)
Total expense	$ 0	$ 0	$ 39
Effective tax rate	0%	0%	(16.20%)

Income Taxes - Summary of Defer

Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) - TRS [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Tax Expense Benefit [Line Items]
Deferred tax assets	$ 37,735	$ 31,844
Deferred tax liabilities	(142)	(84)
Valuation allowance	(37,593)	(31,760)
Net deferred tax asset	$ 0	$ 0

Income Taxes - Summary of Def_2

Income Taxes - Summary of Deferred Tax Assets and Liabilities (Parenthetical) (Detail) - TRS [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Expense Benefit [Line Items]
Net operating loss carryforwards	$ 21.6	$ 20.5
Book or tax differences in joint venture investments	$ 10.2	$ 3.8
Expiry of net operating loss carryforwards	2024 and 2035
Deferred tax assets operating loss carryforwards not expiring	$ 6.1
Maximum [Member]
Income Tax Expense Benefit [Line Items]
Deferred tax assets operating loss carryforwards taxable income limit, percentage	80%

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of GAAP Net Income (Loss) Attributable to Taxable Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
GAAP net income attributable to SITE Centers	$ 168,719	$ 124,935	$ 35,721
Plus: Book depreciation and amortization	182,227	162,342	154,051
Less: Tax depreciation and amortization	(127,506)	(115,735)	(105,385)
Book/tax differences on losses from capital transactions	(50,784)	(28,114)	(45,808)
Joint venture equity (earnings) loss, net(A)	(67,862)	(15,480)	10,572
Deferred income	(3,925)	(1,158)	(13,197)
Compensation expense	7,129	11,534	4,031
Impairment charges	2,536	7,270	24,593
Miscellaneous book/tax differences, net	(2,547)	(20,183)	549
Taxable income before adjustments	107,987	125,411	65,127
Less: Net operating loss carryforward	0	(28,576)	0
Less: Capital gains	(7,664)	0	0
Taxable income subject to the 90% dividend requirement	$ 100,323	$ 96,835	$ 65,127

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of GAAP Net Income (Loss) Attributable to Taxable Income (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Percentage of distributed taxable income to qualify as a REIT	90%

Segment Information - Summary o

Segment Information - Summary of Information about Company's Reportable Operating Segments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Rental income	$ 537,106	$ 490,799	$ 414,864
Other income			45,469
Total revenue from operations	552,353	532,864	460,333
Rental operation expenses			(138,402)
Net operating income			321,931
Impairment charges	(2,536)	(7,270)	(5,200)
Depreciation and amortization	(203,546)	(185,768)	(170,669)
Interest income	0	0	11,888
Other income (expense), net	(2,540)	(1,185)	(18,400)
Unallocated expenses			(130,485)
Equity in net income of joint ventures	27,892	47,297	1,516
Reserve of preferred equity interests, net	0	0	(19,393)
Gain on sale and change in control of interests, net	45,581	19,185	45,464
Gain on disposition of real estate, net	46,644	6,065	1,069
Income before tax expense	169,608	$ 126,966	37,721
Total gross real estate assets	$ 5,433,159		4,989,388
Operating Segments [Member] | Shopping Center [Member]
Segment Reporting Information [Line Items]
Rental income			414,864
Other income			45,456
Total revenue from operations			460,320
Rental operation expenses			(138,402)
Net operating income			321,918
Impairment charges			(5,200)
Depreciation and amortization			(170,669)
Equity in net income of joint ventures			1,516
Gain on sale and change in control of interests, net			45,464
Gain on disposition of real estate, net			1,069
Total gross real estate assets			4,989,388
Operating Segments [Member] | Loan Investments [Member]
Segment Reporting Information [Line Items]
Rental income			0
Other income			13
Total revenue from operations			13
Rental operation expenses			0
Net operating income			13
Interest income			11,888
Reserve of preferred equity interests, net			(19,393)
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Other income (expense), net			(18,400)
Unallocated expenses			$ (130,485)

Segment Information - Additiona

Segment Information - Additional Information (Detail)		3 Months Ended	12 Months Ended
	Jan. 01, 2021 Segment	Dec. 31, 2020 JointVenture	Dec. 31, 2022 Segment	Dec. 31, 2021 Segment	Dec. 31, 2020 Segment
Segment Reporting [Abstract]
Number of reportable segments | Segment	1		1	1	2
Number of joint ventures | JointVenture		2

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] $ in Millions	2 Months Ended
	Feb. 15, 2023 USD ($) ShoppingCenter
Subsequent Event [Line Items]
Number of convenience shopping centers | ShoppingCenter	2
Purchase Price	$ 26.1
Parker Keystone
Subsequent Event [Line Items]
Purchase Price	11
Foxtail Center
Subsequent Event [Line Items]
Purchase Price	$ 15.1

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts and Reserves (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for uncollectible accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 4,720	$ 7,402	$ 109,710
Charged to Expense	257	1,051	25,605
Deductions	1,491	3,733	127,913
Balance at End of Year	3,486	4,720	7,402
Valuation allowance for deferred tax assets [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	31,760	32,481	28,413
Charged to Expense	5,833	0	4,068
Deductions	0	721	0
Balance at End of Year	$ 37,593	$ 31,760	$ 32,481

Real Estate and Accumulated D_2

Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,038,032
Buildings & Improvements, Initial Cost	3,360,464
Land, Total Cost	1,075,106
Buildings & Improvements, Total Cost	4,358,053
Total Cost	5,433,159		$ 4,989,388
Accumulated Depreciation	1,652,899
Total Cost, Net of Accumulated Depreciation	3,780,260
Encumbrances	54,173
The changes in Total Real Estate Assets for the three years ended December 31, are as follows:
Balance at beginning of year	5,238,881	$ 4,989,388	4,709,812
Acquisitions	328,898	215,998	242,593
Developments, improvements and expansions	113,876	84,130	59,126
Adjustments of property carrying values (Impairments)	(2,536)	(7,270)	(5,200)
Disposals(A)	(245,960)	(43,365)	(16,943)
Balance at end of year	5,433,159	5,238,881	4,989,388
The changes in Accumulated Depreciation and Amortization for the three years ended December 31, are as follows:
Balance at beginning of year	1,571,569	1,427,057	1,289,148
Depreciation for year	176,047	164,200	154,906
Disposals	(94,717)	(19,688)	(16,997)
Balance at end of year	1,652,899	$ 1,571,569	$ 1,427,057
Chandler, AZ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	1,417
Buildings & Improvements, Initial Cost	3,490
Land, Total Cost	1,417
Buildings & Improvements, Total Cost	3,490
Total Cost	4,907
Accumulated Depreciation	55
Total Cost, Net of Accumulated Depreciation	4,852
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Mesa, AZ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,486
Buildings & Improvements, Initial Cost	3,202
Land, Total Cost	1,486
Buildings & Improvements, Total Cost	3,202
Total Cost	4,688
Accumulated Depreciation	47
Total Cost, Net of Accumulated Depreciation	4,641
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Phoenix, AZ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 18,701
Buildings & Improvements, Initial Cost	18,929
Land, Total Cost	18,701
Buildings & Improvements, Total Cost	26,481
Total Cost	45,182
Accumulated Depreciation	13,150
Total Cost, Net of Accumulated Depreciation	32,032
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1999
Phoenix, AZ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 15,352
Buildings & Improvements, Initial Cost	24,414
Land, Total Cost	15,352
Buildings & Improvements, Total Cost	29,850
Total Cost	45,202
Accumulated Depreciation	19,403
Total Cost, Net of Accumulated Depreciation	25,799
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2003
Phoenix, AZ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 15,090
Buildings & Improvements, Initial Cost	36,880
Land, Total Cost	18,399
Buildings & Improvements, Total Cost	45,890
Total Cost	64,289
Accumulated Depreciation	16,779
Total Cost, Net of Accumulated Depreciation	47,510
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2012
Scottsdale, AZ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,424
Buildings & Improvements, Initial Cost	7,684
Land, Total Cost	6,424
Buildings & Improvements, Total Cost	7,684
Total Cost	14,108
Accumulated Depreciation	261
Total Cost, Net of Accumulated Depreciation	13,847
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Scottsdale, AZ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,756
Buildings & Improvements, Initial Cost	4,404
Land, Total Cost	1,756
Buildings & Improvements, Total Cost	4,404
Total Cost	6,160
Accumulated Depreciation	71
Total Cost, Net of Accumulated Depreciation	6,089
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Tempe, AZ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,451
Buildings & Improvements, Initial Cost	4,640
Land, Total Cost	2,451
Buildings & Improvements, Total Cost	4,640
Total Cost	7,091
Accumulated Depreciation	77
Total Cost, Net of Accumulated Depreciation	7,014
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Buena Park, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 27,269
Buildings & Improvements, Initial Cost	21,427
Land, Total Cost	27,269
Buildings & Improvements, Total Cost	27,517
Total Cost	54,786
Accumulated Depreciation	7,508
Total Cost, Net of Accumulated Depreciation	47,278
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2015
Fontana, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 23,861
Buildings & Improvements, Initial Cost	57,931
Land, Total Cost	23,861
Buildings & Improvements, Total Cost	64,546
Total Cost	88,407
Accumulated Depreciation	18,615
Total Cost, Net of Accumulated Depreciation	69,792
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2014
Lafayette, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 21,431
Buildings & Improvements, Initial Cost	36,076
Land, Total Cost	21,431
Buildings & Improvements, Total Cost	36,076
Total Cost	57,507
Accumulated Depreciation	867
Total Cost, Net of Accumulated Depreciation	56,640
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Lafayette, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,808
Buildings & Improvements, Initial Cost	32,751
Land, Total Cost	6,808
Buildings & Improvements, Total Cost	32,765
Total Cost	39,573
Accumulated Depreciation	776
Total Cost, Net of Accumulated Depreciation	38,797
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Long Beach, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 0
Buildings & Improvements, Initial Cost	147,918
Land, Total Cost	0
Buildings & Improvements, Total Cost	200,298
Total Cost	200,298
Accumulated Depreciation	113,340
Total Cost, Net of Accumulated Depreciation	86,958
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2005
Oakland, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 4,361
Buildings & Improvements, Initial Cost	33,538
Land, Total Cost	4,361
Buildings & Improvements, Total Cost	33,538
Total Cost	37,899
Accumulated Depreciation	10,700
Total Cost, Net of Accumulated Depreciation	27,199
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Roseville, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 23,574
Buildings & Improvements, Initial Cost	67,031
Land, Total Cost	23,574
Buildings & Improvements, Total Cost	69,486
Total Cost	93,060
Accumulated Depreciation	19,539
Total Cost, Net of Accumulated Depreciation	73,521
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2014
San Francisco, CA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 10,464
Buildings & Improvements, Initial Cost	25,730
Land, Total Cost	10,464
Buildings & Improvements, Total Cost	30,578
Total Cost	41,042
Accumulated Depreciation	15,131
Total Cost, Net of Accumulated Depreciation	25,911
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2002
Centennial, CO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 7,833
Buildings & Improvements, Initial Cost	35,550
Land, Total Cost	9,075
Buildings & Improvements, Total Cost	70,611
Total Cost	79,686
Accumulated Depreciation	49,002
Total Cost, Net of Accumulated Depreciation	30,684
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1997
Colorado Springs, CO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 9,001
Buildings & Improvements, Initial Cost	47,671
Land, Total Cost	9,001
Buildings & Improvements, Total Cost	61,146
Total Cost	70,147
Accumulated Depreciation	21,421
Total Cost, Net of Accumulated Depreciation	48,726
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2011
Denver, CO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 20,733
Buildings & Improvements, Initial Cost	22,818
Land, Total Cost	20,804
Buildings & Improvements, Total Cost	28,644
Total Cost	49,448
Accumulated Depreciation	17,771
Total Cost, Net of Accumulated Depreciation	31,677
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2003
Denver, CO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,222
Buildings & Improvements, Initial Cost	4,305
Land, Total Cost	1,222
Buildings & Improvements, Total Cost	4,305
Total Cost	5,527
Accumulated Depreciation	25
Total Cost, Net of Accumulated Depreciation	5,502
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Parker, CO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 4,632
Buildings & Improvements, Initial Cost	38,256
Land, Total Cost	4,632
Buildings & Improvements, Total Cost	43,107
Total Cost	47,739
Accumulated Depreciation	12,529
Total Cost, Net of Accumulated Depreciation	35,210
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Guilford, CT [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 4,588
Buildings & Improvements, Initial Cost	41,892
Land, Total Cost	6,457
Buildings & Improvements, Total Cost	64,740
Total Cost	71,197
Accumulated Depreciation	14,307
Total Cost, Net of Accumulated Depreciation	56,890
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2015
Windsor Court, CT [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,090
Buildings & Improvements, Initial Cost	11,745
Land, Total Cost	6,090
Buildings & Improvements, Total Cost	12,538
Total Cost	18,628
Accumulated Depreciation	6,466
Total Cost, Net of Accumulated Depreciation	12,162
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Boca Raton, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 23,120
Buildings & Improvements, Initial Cost	58,982
Land, Total Cost	23,120
Buildings & Improvements, Total Cost	59,631
Total Cost	82,751
Accumulated Depreciation	1,464
Total Cost, Net of Accumulated Depreciation	81,287
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Boynton Beach, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,048
Buildings & Improvements, Initial Cost	9,256
Land, Total Cost	6,048
Buildings & Improvements, Total Cost	9,569
Total Cost	15,617
Accumulated Depreciation	559
Total Cost, Net of Accumulated Depreciation	15,058
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2021
Brandon, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 0
Buildings & Improvements, Initial Cost	4,111
Land, Total Cost	0
Buildings & Improvements, Total Cost	27,781
Total Cost	27,781
Accumulated Depreciation	5,026
Total Cost, Net of Accumulated Depreciation	22,755
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1972
Brandon, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 4,775
Buildings & Improvements, Initial Cost	13,117
Land, Total Cost	4,775
Buildings & Improvements, Total Cost	19,929
Total Cost	24,704
Accumulated Depreciation	9,520
Total Cost, Net of Accumulated Depreciation	15,184
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2009
Brandon, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,938
Buildings & Improvements, Initial Cost	13,685
Land, Total Cost	2,938
Buildings & Improvements, Total Cost	19,058
Total Cost	21,996
Accumulated Depreciation	5,082
Total Cost, Net of Accumulated Depreciation	16,914
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Casselberry, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 10,336
Buildings & Improvements, Initial Cost	30,349
Land, Total Cost	10,336
Buildings & Improvements, Total Cost	30,418
Total Cost	40,754
Accumulated Depreciation	1,331
Total Cost, Net of Accumulated Depreciation	39,423
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Delray Beach, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 12,664
Buildings & Improvements, Initial Cost	26,006
Land, Total Cost	12,664
Buildings & Improvements, Total Cost	26,093
Total Cost	38,757
Accumulated Depreciation	1,496
Total Cost, Net of Accumulated Depreciation	37,261
Encumbrances	$ 17,075
Date of Construction (C) Acquisition (A)	2021
Fort Walton Beach, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 3,643
Buildings & Improvements, Initial Cost	5,612
Land, Total Cost	3,462
Buildings & Improvements, Total Cost	6,011
Total Cost	9,473
Accumulated Depreciation	307
Total Cost, Net of Accumulated Depreciation	9,166
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2021
Jupiter, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 8,764
Buildings & Improvements, Initial Cost	20,051
Land, Total Cost	8,764
Buildings & Improvements, Total Cost	20,964
Total Cost	29,728
Accumulated Depreciation	1,660
Total Cost, Net of Accumulated Depreciation	28,068
Encumbrances	$ 12,409
Date of Construction (C) Acquisition (A)	2020
Melbourne, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 3,111
Buildings & Improvements, Initial Cost	7,325
Land, Total Cost	3,111
Buildings & Improvements, Total Cost	14,553
Total Cost	17,664
Accumulated Depreciation	1,859
Total Cost, Net of Accumulated Depreciation	15,805
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2018
Miami, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 11,626
Buildings & Improvements, Initial Cost	30,457
Land, Total Cost	26,743
Buildings & Improvements, Total Cost	122,412
Total Cost	149,155
Accumulated Depreciation	59,486
Total Cost, Net of Accumulated Depreciation	89,669
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2006
Naples, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 10,172
Buildings & Improvements, Initial Cost	39,342
Land, Total Cost	10,172
Buildings & Improvements, Total Cost	43,751
Total Cost	53,923
Accumulated Depreciation	13,142
Total Cost, Net of Accumulated Depreciation	40,781
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Orlando, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 8,528
Buildings & Improvements, Initial Cost	56,684
Land, Total Cost	13,057
Buildings & Improvements, Total Cost	82,415
Total Cost	95,472
Accumulated Depreciation	16,936
Total Cost, Net of Accumulated Depreciation	78,536
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2016
Orlando, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 9,451
Buildings & Improvements, Initial Cost	16,424
Land, Total Cost	9,451
Buildings & Improvements, Total Cost	16,642
Total Cost	26,093
Accumulated Depreciation	1,274
Total Cost, Net of Accumulated Depreciation	24,819
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2020
Palm Harbor, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,137
Buildings & Improvements, Initial Cost	4,089
Land, Total Cost	1,137
Buildings & Improvements, Total Cost	5,523
Total Cost	6,660
Accumulated Depreciation	4,332
Total Cost, Net of Accumulated Depreciation	2,328
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1995
Plantation, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 21,729
Buildings & Improvements, Initial Cost	37,331
Land, Total Cost	22,112
Buildings & Improvements, Total Cost	96,697
Total Cost	118,809
Accumulated Depreciation	53,172
Total Cost, Net of Accumulated Depreciation	65,637
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Tamarac, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 16,730
Buildings & Improvements, Initial Cost	22,139
Land, Total Cost	16,730
Buildings & Improvements, Total Cost	22,631
Total Cost	39,361
Accumulated Depreciation	1,250
Total Cost, Net of Accumulated Depreciation	38,111
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2021
Tampa, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 10,000
Buildings & Improvements, Initial Cost	10,907
Land, Total Cost	10,000
Buildings & Improvements, Total Cost	11,204
Total Cost	21,204
Accumulated Depreciation	1,236
Total Cost, Net of Accumulated Depreciation	19,968
Encumbrances	$ 9,100
Date of Construction (C) Acquisition (A)	2019
Tampa, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,800
Buildings & Improvements, Initial Cost	15,874
Land, Total Cost	6,800
Buildings & Improvements, Total Cost	16,018
Total Cost	22,818
Accumulated Depreciation	750
Total Cost, Net of Accumulated Depreciation	22,068
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2021
Wesley Chapel, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 8,080
Buildings & Improvements, Initial Cost	21,567
Land, Total Cost	8,080
Buildings & Improvements, Total Cost	22,129
Total Cost	30,209
Accumulated Depreciation	775
Total Cost, Net of Accumulated Depreciation	29,434
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2021
Winter Garden, FL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 38,945
Buildings & Improvements, Initial Cost	130,382
Land, Total Cost	38,945
Buildings & Improvements, Total Cost	141,315
Total Cost	180,260
Accumulated Depreciation	45,685
Total Cost, Net of Accumulated Depreciation	134,575
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Alpharetta, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,370
Buildings & Improvements, Initial Cost	3,003
Land, Total Cost	1,370
Buildings & Improvements, Total Cost	3,003
Total Cost	4,373
Accumulated Depreciation	88
Total Cost, Net of Accumulated Depreciation	4,285
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Atlanta, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 14,078
Buildings & Improvements, Initial Cost	41,050
Land, Total Cost	14,078
Buildings & Improvements, Total Cost	48,229
Total Cost	62,307
Accumulated Depreciation	20,646
Total Cost, Net of Accumulated Depreciation	41,661
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2009
Atlanta, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 12,358
Buildings & Improvements, Initial Cost	17,103
Land, Total Cost	12,365
Buildings & Improvements, Total Cost	17,324
Total Cost	29,689
Accumulated Depreciation	917
Total Cost, Net of Accumulated Depreciation	28,772
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2021
Atlanta, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,719
Buildings & Improvements, Initial Cost	5,379
Land, Total Cost	2,719
Buildings & Improvements, Total Cost	5,379
Total Cost	8,098
Accumulated Depreciation	101
Total Cost, Net of Accumulated Depreciation	7,997
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Cumming, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 14,249
Buildings & Improvements, Initial Cost	23,653
Land, Total Cost	14,249
Buildings & Improvements, Total Cost	30,112
Total Cost	44,361
Accumulated Depreciation	17,726
Total Cost, Net of Accumulated Depreciation	26,635
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2003
Cumming, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,851
Buildings & Improvements, Initial Cost	49,659
Land, Total Cost	6,851
Buildings & Improvements, Total Cost	53,301
Total Cost	60,152
Accumulated Depreciation	16,733
Total Cost, Net of Accumulated Depreciation	43,419
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Cumming, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 3,391
Buildings & Improvements, Initial Cost	8,218
Land, Total Cost	3,391
Buildings & Improvements, Total Cost	9,060
Total Cost	12,451
Accumulated Depreciation	1,475
Total Cost, Net of Accumulated Depreciation	10,976
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2018
Douglasville, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,839
Buildings & Improvements, Initial Cost	5,511
Land, Total Cost	2,839
Buildings & Improvements, Total Cost	7,441
Total Cost	10,280
Accumulated Depreciation	1,564
Total Cost, Net of Accumulated Depreciation	8,716
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2018
Roswell, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,566
Buildings & Improvements, Initial Cost	15,005
Land, Total Cost	7,894
Buildings & Improvements, Total Cost	29,378
Total Cost	37,272
Accumulated Depreciation	14,468
Total Cost, Net of Accumulated Depreciation	22,804
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Snellville, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 10,185
Buildings & Improvements, Initial Cost	51,815
Land, Total Cost	7,859
Buildings & Improvements, Total Cost	54,214
Total Cost	62,073
Accumulated Depreciation	31,324
Total Cost, Net of Accumulated Depreciation	30,749
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Suwanee, GA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 13,479
Buildings & Improvements, Initial Cost	23,923
Land, Total Cost	13,335
Buildings & Improvements, Total Cost	35,763
Total Cost	49,098
Accumulated Depreciation	21,105
Total Cost, Net of Accumulated Depreciation	27,993
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2003
Chicago, IL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 22,642
Buildings & Improvements, Initial Cost	82,754
Land, Total Cost	22,642
Buildings & Improvements, Total Cost	83,617
Total Cost	106,259
Accumulated Depreciation	24,383
Total Cost, Net of Accumulated Depreciation	81,876
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2014
Chicago, IL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 23,588
Buildings & Improvements, Initial Cost	45,632
Land, Total Cost	23,588
Buildings & Improvements, Total Cost	45,957
Total Cost	69,545
Accumulated Depreciation	10,342
Total Cost, Net of Accumulated Depreciation	59,203
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2017
Schaumburg, IL [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 27,466
Buildings & Improvements, Initial Cost	84,679
Land, Total Cost	21,736
Buildings & Improvements, Total Cost	81,928
Total Cost	103,664
Accumulated Depreciation	25,226
Total Cost, Net of Accumulated Depreciation	78,438
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Everett, MA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 9,311
Buildings & Improvements, Initial Cost	44,647
Land, Total Cost	9,462
Buildings & Improvements, Total Cost	62,648
Total Cost	72,110
Accumulated Depreciation	39,659
Total Cost, Net of Accumulated Depreciation	32,451
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2001
Framingham, MA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 75,675
Buildings & Improvements, Initial Cost	191,594
Land, Total Cost	75,675
Buildings & Improvements, Total Cost	210,436
Total Cost	286,111
Accumulated Depreciation	64,146
Total Cost, Net of Accumulated Depreciation	221,965
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Brentwood, MO [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 10,018
Buildings & Improvements, Initial Cost	32,053
Land, Total Cost	10,018
Buildings & Improvements, Total Cost	41,135
Total Cost	51,153
Accumulated Depreciation	27,887
Total Cost, Net of Accumulated Depreciation	23,266
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1998
East Hanover, NJ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 3,847
Buildings & Improvements, Initial Cost	23,798
Land, Total Cost	3,847
Buildings & Improvements, Total Cost	29,739
Total Cost	33,586
Accumulated Depreciation	15,233
Total Cost, Net of Accumulated Depreciation	18,353
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Edgewater, NJ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 7,714
Buildings & Improvements, Initial Cost	30,473
Land, Total Cost	7,714
Buildings & Improvements, Total Cost	44,248
Total Cost	51,962
Accumulated Depreciation	17,400
Total Cost, Net of Accumulated Depreciation	34,562
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Freehold, NJ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,460
Buildings & Improvements, Initial Cost	2,475
Land, Total Cost	3,166
Buildings & Improvements, Total Cost	3,816
Total Cost	6,982
Accumulated Depreciation	1,686
Total Cost, Net of Accumulated Depreciation	5,296
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2005
Hamilton, NJ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 8,039
Buildings & Improvements, Initial Cost	49,896
Land, Total Cost	10,014
Buildings & Improvements, Total Cost	97,909
Total Cost	107,923
Accumulated Depreciation	53,304
Total Cost, Net of Accumulated Depreciation	54,619
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2003
Princeton, NJ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 17,991
Buildings & Improvements, Initial Cost	82,063
Land, Total Cost	18,998
Buildings & Improvements, Total Cost	123,996
Total Cost	142,994
Accumulated Depreciation	77,087
Total Cost, Net of Accumulated Depreciation	65,907
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1997
Voorhees, NJ [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,350
Buildings & Improvements, Initial Cost	1,837
Land, Total Cost	1,350
Buildings & Improvements, Total Cost	5,201
Total Cost	6,551
Accumulated Depreciation	429
Total Cost, Net of Accumulated Depreciation	6,122
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2020
Hempstead, NY [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 26,487
Buildings & Improvements, Initial Cost	14,418
Land, Total Cost	26,479
Buildings & Improvements, Total Cost	14,843
Total Cost	41,322
Accumulated Depreciation	1,343
Total Cost, Net of Accumulated Depreciation	39,979
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2020
Charlotte, NC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 27,707
Buildings & Improvements, Initial Cost	45,021
Land, Total Cost	27,707
Buildings & Improvements, Total Cost	52,858
Total Cost	80,565
Accumulated Depreciation	20,777
Total Cost, Net of Accumulated Depreciation	59,788
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2011
Charlotte, NC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 11,224
Buildings & Improvements, Initial Cost	82,124
Land, Total Cost	11,173
Buildings & Improvements, Total Cost	100,145
Total Cost	111,318
Accumulated Depreciation	34,347
Total Cost, Net of Accumulated Depreciation	76,971
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2012
Charlotte, NC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 3,600
Buildings & Improvements, Initial Cost	30,392
Land, Total Cost	8,749
Buildings & Improvements, Total Cost	54,623
Total Cost	63,372
Accumulated Depreciation	14,700
Total Cost, Net of Accumulated Depreciation	48,672
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Cornelius, NC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 4,382
Buildings & Improvements, Initial Cost	15,184
Land, Total Cost	4,190
Buildings & Improvements, Total Cost	21,616
Total Cost	25,806
Accumulated Depreciation	11,714
Total Cost, Net of Accumulated Depreciation	14,092
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Cincinnati, OH [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 19,572
Buildings & Improvements, Initial Cost	54,495
Land, Total Cost	19,572
Buildings & Improvements, Total Cost	80,018
Total Cost	99,590
Accumulated Depreciation	22,745
Total Cost, Net of Accumulated Depreciation	76,845
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2014
Columbus, OH [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 12,922
Buildings & Improvements, Initial Cost	46,006
Land, Total Cost	14,078
Buildings & Improvements, Total Cost	73,827
Total Cost	87,905
Accumulated Depreciation	52,888
Total Cost, Net of Accumulated Depreciation	35,017
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1998
Columbus, OH [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 18,716
Buildings & Improvements, Initial Cost	64,617
Land, Total Cost	20,666
Buildings & Improvements, Total Cost	73,440
Total Cost	94,106
Accumulated Depreciation	26,468
Total Cost, Net of Accumulated Depreciation	67,638
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2011
Mason, OH [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,032
Buildings & Improvements, Initial Cost	23,788
Land, Total Cost	2,032
Buildings & Improvements, Total Cost	31,012
Total Cost	33,044
Accumulated Depreciation	8,484
Total Cost, Net of Accumulated Depreciation	24,560
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2014
Stow, OH [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 993
Buildings & Improvements, Initial Cost	9,028
Land, Total Cost	993
Buildings & Improvements, Total Cost	47,786
Total Cost	48,779
Accumulated Depreciation	27,874
Total Cost, Net of Accumulated Depreciation	20,905
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1969
Westlake, OH [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 424
Buildings & Improvements, Initial Cost	4,004
Land, Total Cost	424
Buildings & Improvements, Total Cost	36,952
Total Cost	37,376
Accumulated Depreciation	7,835
Total Cost, Net of Accumulated Depreciation	29,541
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1974
Portland, OR [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 20,208
Buildings & Improvements, Initial Cost	50,738
Land, Total Cost	20,208
Buildings & Improvements, Total Cost	65,853
Total Cost	86,061
Accumulated Depreciation	26,682
Total Cost, Net of Accumulated Depreciation	59,379
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2012
Portland, OR [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 10,122
Buildings & Improvements, Initial Cost	37,457
Land, Total Cost	10,122
Buildings & Improvements, Total Cost	38,350
Total Cost	48,472
Accumulated Depreciation	4,310
Total Cost, Net of Accumulated Depreciation	44,162
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2019
Boothwyn, PA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,370
Buildings & Improvements, Initial Cost	16,931
Land, Total Cost	6,258
Buildings & Improvements, Total Cost	17,297
Total Cost	23,555
Accumulated Depreciation	1,731
Total Cost, Net of Accumulated Depreciation	21,824
Encumbrances	$ 15,589
Date of Construction (C) Acquisition (A)	2020
Easton, PA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 7,691
Buildings & Improvements, Initial Cost	20,405
Land, Total Cost	7,691
Buildings & Improvements, Total Cost	21,228
Total Cost	28,919
Accumulated Depreciation	2,231
Total Cost, Net of Accumulated Depreciation	26,688
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2020
Anderson, SC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,372
Buildings & Improvements, Initial Cost	11,656
Land, Total Cost	1,372
Buildings & Improvements, Total Cost	11,757
Total Cost	13,129
Accumulated Depreciation	887
Total Cost, Net of Accumulated Depreciation	12,242
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2020
Mount Pleasant, SC [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,430
Buildings & Improvements, Initial Cost	10,470
Land, Total Cost	2,341
Buildings & Improvements, Total Cost	31,454
Total Cost	33,795
Accumulated Depreciation	18,388
Total Cost, Net of Accumulated Depreciation	15,407
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	1995
Brentwood, TN [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 6,101
Buildings & Improvements, Initial Cost	25,956
Land, Total Cost	6,101
Buildings & Improvements, Total Cost	28,038
Total Cost	34,139
Accumulated Depreciation	8,919
Total Cost, Net of Accumulated Depreciation	25,220
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Highland Village, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 5,545
Buildings & Improvements, Initial Cost	28,365
Land, Total Cost	5,545
Buildings & Improvements, Total Cost	30,902
Total Cost	36,447
Accumulated Depreciation	11,139
Total Cost, Net of Accumulated Depreciation	25,308
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Houston, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,743
Buildings & Improvements, Initial Cost	18,506
Land, Total Cost	2,743
Buildings & Improvements, Total Cost	18,506
Total Cost	21,249
Accumulated Depreciation	382
Total Cost, Net of Accumulated Depreciation	20,867
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Round Rock, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 3,467
Buildings & Improvements, Initial Cost	8,839
Land, Total Cost	3,467
Buildings & Improvements, Total Cost	8,921
Total Cost	12,388
Accumulated Depreciation	1,054
Total Cost, Net of Accumulated Depreciation	11,334
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2019
San Antonio, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 3,475
Buildings & Improvements, Initial Cost	37,327
Land, Total Cost	4,873
Buildings & Improvements, Total Cost	55,226
Total Cost	60,099
Accumulated Depreciation	33,002
Total Cost, Net of Accumulated Depreciation	27,097
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2002
San Antonio, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 5,602
Buildings & Improvements, Initial Cost	39,196
Land, Total Cost	10,158
Buildings & Improvements, Total Cost	119,803
Total Cost	129,961
Accumulated Depreciation	54,298
Total Cost, Net of Accumulated Depreciation	75,663
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
San Antonio, TX [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,381
Buildings & Improvements, Initial Cost	6,487
Land, Total Cost	2,381
Buildings & Improvements, Total Cost	24,630
Total Cost	27,011
Accumulated Depreciation	13,541
Total Cost, Net of Accumulated Depreciation	13,470
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Charlottesville, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 2,181
Buildings & Improvements, Initial Cost	6,571
Land, Total Cost	2,181
Buildings & Improvements, Total Cost	6,571
Total Cost	8,752
Accumulated Depreciation	363
Total Cost, Net of Accumulated Depreciation	8,389
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2021
Charlottesville, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,400
Buildings & Improvements, Initial Cost	2,537
Land, Total Cost	1,404
Buildings & Improvements, Total Cost	2,537
Total Cost	3,941
Accumulated Depreciation	87
Total Cost, Net of Accumulated Depreciation	3,854
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2021
Fairfax, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 15,681
Buildings & Improvements, Initial Cost	68,536
Land, Total Cost	15,681
Buildings & Improvements, Total Cost	71,807
Total Cost	87,488
Accumulated Depreciation	21,781
Total Cost, Net of Accumulated Depreciation	65,707
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2013
Fairfax, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 4,377
Buildings & Improvements, Initial Cost	10,868
Land, Total Cost	4,377
Buildings & Improvements, Total Cost	10,910
Total Cost	15,287
Accumulated Depreciation	212
Total Cost, Net of Accumulated Depreciation	15,075
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Fairfax, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 1,830
Buildings & Improvements, Initial Cost	6,206
Land, Total Cost	1,830
Buildings & Improvements, Total Cost	6,206
Total Cost	8,036
Accumulated Depreciation	126
Total Cost, Net of Accumulated Depreciation	7,910
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Fairfax, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 4,532
Buildings & Improvements, Initial Cost	5,221
Land, Total Cost	4,532
Buildings & Improvements, Total Cost	5,360
Total Cost	9,892
Accumulated Depreciation	114
Total Cost, Net of Accumulated Depreciation	9,778
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2022
Richmond, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 7,331
Buildings & Improvements, Initial Cost	49,278
Land, Total Cost	7,330
Buildings & Improvements, Total Cost	51,864
Total Cost	59,194
Accumulated Depreciation	3,844
Total Cost, Net of Accumulated Depreciation	55,350
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2020
Richmond, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 11,879
Buildings & Improvements, Initial Cost	34,736
Land, Total Cost	11,879
Buildings & Improvements, Total Cost	37,732
Total Cost	49,611
Accumulated Depreciation	18,883
Total Cost, Net of Accumulated Depreciation	30,728
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Springfield, VA [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 17,016
Buildings & Improvements, Initial Cost	40,038
Land, Total Cost	17,016
Buildings & Improvements, Total Cost	45,000
Total Cost	62,016
Accumulated Depreciation	22,473
Total Cost, Net of Accumulated Depreciation	39,543
Encumbrances	$ 0
Date of Construction (C) Acquisition (A)	2007
Portfolio Balance (SITE) [Member]
Real Estate And Accumulated Depreciation [Line Items]
Land, Initial Cost	$ 14,912
Buildings & Improvements, Initial Cost	216,871
Land, Total Cost	14,913
Buildings & Improvements, Total Cost	216,867
Total Cost	231,780
Accumulated Depreciation	112,166
Total Cost, Net of Accumulated Depreciation	119,614
Encumbrances	$ 0

Real Estate and Accumulated D_3

Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Real Estate And Accumulated Depreciation [Line Items]
Tax cost basis of assets	$ 5,700
Real estate undeveloped land	8.3
Real estate construction in progress	48.2
Fair market value of debt adjustments and unamortized debt issuance costs	$ 0.4
Tenant improvements [Member]
Real Estate And Accumulated Depreciation [Line Items]
Estimated useful lives of the assets	Shorter of economic life or lease terms
Minimum [Member] | Building [Member]
Real Estate And Accumulated Depreciation [Line Items]
Estimated useful lives of the assets	31 years 6 months
Minimum [Member] | Building Improvements And Fixtures
Real Estate And Accumulated Depreciation [Line Items]
Estimated useful lives of the assets	3 years
Maximum [Member] | Building [Member]
Real Estate And Accumulated Depreciation [Line Items]
Estimated useful lives of the assets	40 years
Maximum [Member] | Building Improvements And Fixtures
Real Estate And Accumulated Depreciation [Line Items]
Estimated useful lives of the assets	20 years

Changes in Mortgage Loans (Deta

Changes in Mortgage Loans (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)
Mortgage Loans On Real Estate [Abstract]
Balance at beginning of period	$ 120,130
Additions during period:
Interest	12,150
Deductions during period:
Provision for loan loss reserve	(19,393)
Collections of principal and interest	(112,887)
Balance at close of period	$ 0