SITE Centers (SITC) 10-Q 2 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Oct. 24, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	SITC
Entity Registrant Name	SITE Centers Corp.
Entity Central Index Key	894,315
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		184,675,718

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Land	$ 970,008	$ 1,738,792
Buildings	3,634,232	5,733,451
Fixtures and tenant improvements	508,270	693,280
Total real estate rental property	5,112,510	8,165,523
Less: Accumulated depreciation	(1,284,446)	(1,953,479)
Real estate rental property, net	3,828,064	6,212,044
Construction in progress and land	58,717	82,480
Total real estate assets, net	3,886,781	6,294,524
Investments in and advances to joint ventures, net	287,870	383,813
Investment in and advances to affiliate	226,469	0
Cash and cash equivalents	11,446	92,611
Restricted cash	1,827	2,113
Accounts receivable, net	74,253	108,695
Property insurance receivable	0	58,583
Notes receivable, net	19,670	19,675
Other assets, net	111,776	210,059
Total assets	4,620,092	7,170,073
Unsecured indebtedness:
Senior notes	1,896,458	2,810,100
Unsecured term loan	198,540	398,130
Revolving credit facilities	105,000	0
Total unsecured indebtedness	2,199,998	3,208,230
Secured indebtedness:
Mortgage indebtedness	185,004	641,082
Total secured indebtedness	185,004	641,082
Total indebtedness	2,385,002	3,849,312
Accounts payable and other liabilities	214,693	344,774
Dividends payable	45,406	78,549
Total liabilities	2,645,101	4,272,635
Commitments and contingencies
SITE Centers Equity
Common shares, with par value, $0.10 stated value; 300,000,000 shares authorized; 184,669,369 and 184,256,205 shares issued at September 30, 2018 and December 31, 2017, respectively	18,467	18,426
Additional paid-in capital	5,542,949	5,531,249
Accumulated distributions in excess of net income	(4,115,736)	(3,183,134)
Deferred compensation obligation	8,474	8,777
Accumulated other comprehensive loss	(1,093)	(1,106)
Less: Common shares in treasury at cost: 319,884 and 306,314 shares at September 30, 2018 and December 31, 2017, respectively	(8,054)	(8,280)
Total SITE Centers shareholders' equity	1,970,007	2,890,932
Non-controlling interests	4,984	6,506
Total equity	1,974,991	2,897,438
Total liabilities and equity	4,620,092	7,170,073
Class A Cumulative Redeemable Preferred Shares [Member]
SITE Centers Equity
Cumulative redeemable preferred shares	175,000	175,000
Class J Cumulative Redeemable Preferred Shares [Member]
SITE Centers Equity
Cumulative redeemable preferred shares	200,000	200,000
Class K Cumulative Redeemable Preferred Shares [Member]
SITE Centers Equity
Cumulative redeemable preferred shares	$ 150,000	$ 150,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Common shares, par value	$ 0.10	$ 0.10
Common shares, shares authorized	300,000,000	300,000,000
Common shares, shares issued	184,669,369	184,256,205
Treasury at cost	319,884	306,314
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
Class J 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	400,000	400,000
Cumulative redeemable preferred shares, shares outstanding	400,000	400,000
Preferred stock dividend rate	6.50%	6.50%
Cumulative redeemable preferred shares, par value
Class K 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	300,000	300,000
Cumulative redeemable preferred shares, shares outstanding	300,000	300,000
Preferred stock dividend rate	6.25%	6.25%
Cumulative redeemable preferred shares, par value

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues from operations:
Minimum rents	$ 92,159	$ 153,925	$ 380,724	$ 485,777
Percentage and overage rents	600	1,016	3,861	4,538
Recoveries from tenants	31,951	51,368	133,863	164,477
Fee and other income	17,601	21,115	45,347	49,240
Business interruption income	1,784	0	6,884	0
Total revenue from operations	144,095	227,424	570,679	704,032
Rental operation expenses:
Operating and maintenance	18,386	31,926	85,473	103,845
Real estate taxes	21,211	30,618	83,712	98,691
Impairment charges	19,890	10,284	68,394	60,353
Hurricane property and impairment loss, net	(157)	6,089	817	6,089
General and administrative	15,232	13,449	45,353	60,499
Depreciation and amortization	49,629	85,210	196,515	266,370
Total rental operation expenses	124,191	177,576	480,264	595,847
Other income (expense):
Interest income	5,055	6,807	15,412	22,365
Interest expense	(26,962)	(46,296)	(115,915)	(147,031)
Other income (expense), net	(1,454)	(64,340)	(99,316)	(65,298)
Total other income (expense)	(23,361)	(103,829)	(199,819)	(189,964)
Loss before earnings from equity method investments and other items	(3,457)	(53,981)	(109,404)	(81,779)
Equity in net (loss) income of joint ventures	(2,920)	4,811	9,687	2,429
(Reserve) adjustment of preferred equity interests, net	(2,201)	15,377	(4,537)	(60,623)
Loss before tax expense	(8,578)	(33,793)	(104,254)	(139,973)
Tax expense of taxable REIT subsidiaries and state franchise and income taxes	(238)	(9,267)	(611)	(9,963)
Loss from continuing operations	(8,816)	(43,060)	(104,865)	(149,936)
Gain on disposition of real estate, net	124	44,291	39,643	127,017
Net (loss) income	(8,692)	1,231	(65,222)	(22,919)
Income attributable to non-controlling interests, net	(239)	(248)	(1,191)	(728)
Net (loss) income attributable to SITE Centers	(8,931)	983	(66,413)	(23,647)
Preferred dividends	(8,382)	(8,383)	(25,148)	(20,376)
Net loss attributable to common shareholders	$ (17,313)	$ (7,400)	$ (91,561)	$ (44,023)
Per share data:
Basic	$ (0.09)	$ (0.04)	$ (0.50)	$ (0.24)
Diluted	$ (0.09)	$ (0.04)	$ (0.50)	$ (0.24)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (8,692)	$ 1,231	$ (65,222)	$ (22,919)
Other comprehensive income (loss):
Foreign currency translation, net	311	802	(402)	1,339
Change in fair value of interest-rate contracts	(9)	206	(10)	995
Change in cash flow hedges reclassed to earnings	117	335	351	712
Total other comprehensive income (loss)	419	1,343	(61)	3,046
Comprehensive (loss) income	(8,273)	2,574	(65,283)	(19,873)
Comprehensive income attributable to non-controlling interests:
Allocation of net income	(239)	(248)	(1,191)	(728)
Foreign currency translation, net	(55)	(182)	74	(325)
Total comprehensive income attributable to non-controlling interests	(294)	(430)	(1,117)	(1,053)
Total comprehensive (loss) income attributable to SITE Centers	$ (8,567)	$ 2,144	$ (66,400)	$ (20,926)

CONSOLIDATED STATEMENT OF EQUIT

CONSOLIDATED STATEMENT OF EQUITY - 9 months ended Sep. 30, 2018 - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Distributions in Excess of Net Income	Deferred Compensation Obligation	Accumulated Other Comprehensive Loss	Treasury Stock at Cost	Non-Controlling Interests
Beginning Balance at Dec. 31, 2017	$ 2,897,438	$ 525,000	$ 18,426	$ 5,531,249	$ (3,183,134)	$ 8,777	$ (1,106)	$ (8,280)	$ 6,506
Issuance of common shares related to stock plans	5,969	0	41	5,928	0	0	0	0	0
Stock-based compensation, net	4,815	0	0	4,892	0	(303)	0	226	0
Distributions to non-controlling interests	(1,050)	0	0	0	0	0	0	0	(1,050)
Redemption of OP Units	(709)	0	0	880	0	0	0	0	(1,589)
Dividends declared-common shares	(177,634)	0	0	0	(177,634)	0	0	0	0
Dividends declared-preferred shares	(25,149)	0	0	0	(25,149)	0	0	0	0
RVI spin-off	(663,406)	0	0	0	(663,406)	0	0	0	0
Comprehensive (loss) income	(65,283)	0	0	0	(66,413)	0	13	0	1,117
Ending Balance at Sep. 30, 2018	$ 1,974,991	$ 525,000	$ 18,467	$ 5,542,949	$ (4,115,736)	$ 8,474	$ (1,093)	$ (8,054)	$ 4,984

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flow from operating activities:
Net loss	$ (65,222)	$ (22,919)
Adjustments to reconcile net loss to net cash flow provided by operating activities:
Depreciation and amortization	196,515	266,370
Stock-based compensation	5,344	9,537
Amortization and write-off of debt issuance costs and fair market value of debt adjustments	15,209	5,959
Loss on extinguishment of debt	49,049	63,204
Equity in net income of joint ventures	(9,687)	(2,429)
Reserve of preferred equity interests, net	4,537	60,623
Operating cash distributions from joint ventures	6,077	6,235
Gain on disposition of real estate, net	(39,643)	(127,017)
Impairment charges	68,394	65,453
Valuation allowance of prepaid tax asset	0	8,777
Interest rate hedging activities	(4,538)	0
Assumption of buildings due to ground lease termination	(2,150)	(8,585)
Change in notes receivable accrued interest	1,020	(3,168)
Net change in accounts receivable	(2,908)	(190)
Transaction costs related to RVI spin-off	(27,203)	0
Net change in accounts payable and accrued expenses	15,256	2,514
Net change in other operating assets and liabilities	(12,581)	(22,131)
Total adjustments	262,691	325,152
Net cash flow provided by operating activities	197,469	302,233
Cash flow from investing activities:
Real estate acquired, net of liabilities and cash assumed	0	(86,079)
Real estate developed and improvements to operating real estate	(95,357)	(89,753)
Proceeds from disposition of real estate	301,479	454,715
Hurricane property insurance advance proceeds	20,193	0
Equity contributions to joint ventures	(170)	(69,149)
Distributions from unconsolidated joint ventures	30,350	21,781
Repayment of joint venture advances	68,146	7,476
Net transactions with RVI	(33,681)	0
Repayment of notes receivable	0	31,068
Net cash flow provided by investing activities	290,960	270,059
Cash flow from financing activities:
Proceeds from revolving credit facilities, net	105,000	60,000
Proceeds from issuance of senior notes, net of offering expenses	0	791,220
Repayment of senior notes	(947,014)	(958,509)
Repayment of term loans and mortgage debt	(759,970)	(434,240)
Payment of debt issuance costs	(32,825)	(6,704)
Proceeds from issuance of preferred shares, net of offering expenses	0	168,881
Proceeds from mortgage payable	1,350,000	0
Issuance of common shares in conjunction with equity award plans and dividend reinvestment plan	5,048	15,953
Redemption of operating partnership units	(736)	0
Contribution of assets to RVI	(52,358)	0
Distributions to non-controlling interests and redeemable operating partnership units	(1,097)	(626)
Dividends paid	(235,926)	(227,399)
Net cash flow used for financing activities	(569,878)	(591,424)
Effect of foreign exchange rate changes on cash and cash equivalents	(2)	1
Net decrease in cash, cash equivalents and restricted cash	(81,449)	(19,132)
Cash, cash equivalents and restricted cash, beginning of period	94,724	39,225
Cash, cash equivalents and restricted cash, end of period	$ 13,273	$ 20,094

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	9 Months Ended
	Sep. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Business and Financial Statement Presentation	1. Nature of Business and Financial Statement Presentation Nature of Business SITE Centers Corp. (formerly known as DDR 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 acquiring, owning, developing, redeveloping, expanding, leasing, financing and managing shopping centers. Unless otherwise provided, references herein to the Company or SITE Centers include SITE Centers Corp. and its wholly-owned subsidiaries and consolidated joint ventures. The Company’s tenant base primarily includes national and regional retail chains and local retailers. Consequently, the Company’s credit risk is concentrated in the retail industry. Retail Value Inc. On July 1, 2018, the Company completed the spin-off of Retail Value Inc. (“RVI”). At the time of the spin-off, RVI owned 48 shopping centers, comprised of 36 continental U.S. assets and all 12 of SITE Centers’ shopping centers in Puerto Rico, representing $2.7 billion of gross book asset value and $1.27 billion of mortgage debt 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 SITE Centers SITE The RVI Preferred Shares are classified as Investment in and Advances to Affiliate on the Company’s consolidated balance sheet. The RVI Preferred Shares have a liquidation and dividend preference over the common stock, but do not have any substantive voting rights, with limited exceptions, or conversion rights and do not have a stated coupon. The RVI Preferred Shares are carried at cost, subject to adjustments in certain circumstances, and will be periodically evaluated for impairment. Dividend payments received up to $190 million by SITE On July 1, 2018, the Company and RVI also entered into an external management agreement, which, together with various property management agreements, governs the fees, terms and conditions pursuant to which SITE Centers 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. Unaudited Interim Financial Statements These financial statements have been prepared by the Company in accordance with GAAP for interim financial information and the applicable rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of the results of the periods presented. The results of operations for the three and nine months ended September 30, 2018 and 2017, are not necessarily indicative of the results that may be expected for the full year. These condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 . 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). The Company has two unconsolidated joint ventures included in the Company’s joint venture investments that are considered VIEs for which the Company is not the primary beneficiary. The Company’s maximum exposure to losses associated with these VIEs is limited to its aggregate investment, which was $205.9 million and $284.1 million as of September 30, 2018 and December 31, 2017, respectively. Reclassifications Certain amounts in prior periods have been reclassified in order to conform with the current period’s presentation. The Company reclassified $3.0 million and $9.8 million of costs for the three and nine months ended September 30, 2017, respectively, on the Company’s consolidated statements of operations related to property management and services of the Company’s operating properties from General and Administrative to Operating and Maintenance. 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): Nine Months Ended September 30, 2018 2017 Accounts payable related to construction in progress $ 8.2 $ 11.4 Receivable and reduction of real estate assets, net - related to hurricane 7.8 59.7 Assumption of building due to ground lease termination 2.2 8.6 Contribution of net assets to RVI 663.4 — Dividends declared 45.4 78.4 Conversion of Operating Partnership Units 0.9 — Common Shares Common share dividends declared per share were as follows: Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Common share dividends declared per share $ 0.20 $ 0.38 $ 0.96 $ 1.14 Effect of Reverse Stock Split on Presentation On May 18, 2018, in anticipation of the spin-off of RVI, the Company effected a reverse stock split of its outstanding common shares at a ratio of one-for-two. All share and per share data included in these unaudited condensed consolidated financial statements gives retroactive effect to the reverse stock split for all periods presented. New Accounting Standards Adopted Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Real Estate Sales In February 2017, the FASB issued ASU 2017-05, Other Income-Gains and Losses from Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets New Accounting Standards to Be Adopted Accounting for Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). Leases The Company is in the process of evaluating the impact that the adoption of ASU No. 2016-02 will have on its consolidated financial statements and disclosures. The Company has currently identified several areas within its accounting policies it believes could be impacted by the new standard, including where the Company is a lessor under its tenant lease agreements and a lessee under its ground leases. In July 2018, the FASB approved targeted improvements to the Leases standard that provides lessors with a practical expedient by class of underlying asset, to avoid separating the non-lease components from the lease component of certain contracts. Such practical expedient is limited to circumstances in which (i) the timing and pattern of transfer are the same for the non-lease component and the related lease component and (ii) the stand alone lease component would be classified as an operating lease if accounted for separately. The Company will elect the practical expedient which would allow the Company the ability to account for the combined component based on its predominate characteristics if the underlying asset meets the two criteria defined above. In addition, the Company has ground lease agreements in which the Company is the lessee for land beneath all or a portion of the buildings at three shopping centers. Currently, the Company accounts for these arrangements as operating leases. Under the new standard, the Company will record its rights and obligations under these leases as a right of use asset and lease liability on its consolidated balance sheets. The Company is currently in the process of evaluating the inputs required to calculate the amount that will be recorded on its balance sheet for each ground lease. Lastly, this standard impacts the lessor’s ability to capitalize initial direct costs related to the leasing of vacant space. However, the Company does not believe this change regarding capitalization will have a material impact on its consolidated financial statements. Accounting for Credit Losses In June 2016, the FASB issued an amendment on measurement of credit losses on financial assets held by a reporting entity at each reporting date. The guidance requires the use of a new current expected credit loss ("CECL") model in estimating allowances for doubtful accounts with respect to accounts receivable, straight-line rents receivable and notes receivable. The CECL model requires that the Company estimate its lifetime expected credit loss with respect to these receivables and record allowances that, when deducted from the balance of the receivables, represent the estimated net amounts expected to be collected. This guidance is effective for fiscal years, and for interim reporting periods within those fiscal years, beginning after December 15, 2019. In July 2018, the FASB proposed an amendment to ASU 2016-13, Financial Instruments - Credit Losses to clarify that operating lease receivables recorded by lessors are explicitly excluded from the scope of the ASU. The Company is in the process of evaluating the impact of this guidance.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2018
Revenue From Contract With Customer [Abstract]
Revenue Recognition	2. Revenue Recognition The Company adopted the accounting guidance for revenue from contracts with customers (“Topic 606”) on January 1, 2018 using the modified retrospective approach and therefore, the comparative information has not been adjusted. The guidance has been applied to contracts that are not completed as of the date of initial application. Most significantly for the real estate industry, leasing transactions are not within the scope of the new standard. A majority of the Company’s tenant-related revenue is recognized pursuant to lease agreements and are governed by the leasing guidance discussed in Note 1. 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. The impact of adopting Topic 606 on the Company’s consolidated financial statements with respect to the change in revenue recognition as related to lease commissions revenue at January 1, 2018 and for the three and nine months ended September 30, 2018 was not material. The following is disclosure of the Company’s revenue recognition policies: Rental Revenue Minimum rents from tenants in shopping centers generally range from one month to 30 years and are recognized on a straight-line basis over the noncancelable term of the lease, which include the effects of applicable rent steps and abatements. Percentage and overage rents are recognized after a tenant’s reported sales have exceeded the applicable sales breakpoint set forth in the applicable lease. Recoveries from tenants Revenues associated with expense reimbursements from tenants for common area maintenance, taxes, insurance and other property operating expenses, based upon the tenant’s lease provisions, are recognized in the period the related expenses are incurred. Lease Termination Fees Lease termination fees are recognized upon the effective termination of a tenant’s lease when the Company has no further obligations under the lease. Ancillary income and other property income Ancillary and other property-related income, primarily composed of leasing vacant space to temporary tenants, kiosk income, parking and theatre income, is recognized in the period earned. Business Interruption Income The Company will record revenue for covered business interruption in the period it determines that it is probable it will be compensated and the applicable contingencies with the insurance company are resolved. This income recognition criteria will likely result in business interruption insurance recoveries being recorded in a period subsequent to the period the Company experiences lost revenue from the damaged properties. Disposition of Real Estate Sales of nonfinancial assets, such as real estate, are to be 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. Revenues from Contracts with Customers The Company’s revenues from contracts with customers generally relate to asset and property management fees, leasing commission, 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 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 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. The RVI management contracts have fixed fees for a six-month period prior to reset based upon the properties under management. Property Leasing The Company provides strategic advice and execution to third parties 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 which 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 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 percentage of aggregate amount spent on the construction during the month. Disposition Fees The Company receives disposition fees equal to 1% of the gross sales price of each RVI asset sold. The Company is compensated at the time of the closing of the transaction. Contract Assets Contract assets represent assets for revenue that has been recognized in advance of billing the customer and for which the right to bill is contingent upon something other than the passage of time. This is common for contingent portions of commissions. The portion of payments retained by the customer until the second contingent event is not considered a significant financing component because the right to payment is expected to become unconditional within one year or less. Contract assets are transferred to receivables when the right to payment becomes unconditional. Revenue from contracts with customers is included in Fee and Other Income on the consolidated statements of operations and was composed of the following (in thousands): Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Revenue from contracts with customers: Asset and property management fees $ 10,501 $ 4,660 $ 20,982 $ 16,851 Leasing commissions 1,818 1,521 4,752 4,849 Development fees 393 318 1,021 1,351 Disposition fees 1,622 — 1,622 — Credit facility guaranty fee 60 — 60 — Total revenue from contracts with customers 14,394 6,499 28,437 23,051 Other fee income: Ancillary and other property income 2,384 4,444 11,607 13,535 Lease termination fees 99 9,380 3,316 10,188 Other 724 792 1,987 2,466 Total fee and other income $ 17,601 $ 21,115 $ 45,347 $ 49,240 The aggregate amount of receivables from contracts with customers was $1.6 million and $1.9 million as of September 30, 2018 and December 31, 2017, respectively. Contract assets are included in Other Assets, net on the consolidated balance sheets. The significant changes in the contract asset balances during the nine months ended September 30, 2018 are as follows (in thousands): Balance as of January 1, 2018 $ 1,371 Contract assets recognized 1,732 Contract assets billed (1,738 ) Balance as of September 30, 2018 $ 1,365 All revenue from contracts with customers meets the exemption criteria for variable consideration directly allocable to wholly unsatisfied performance obligations or unsatisfied promise within a series and, therefore, the Company does not disclose the value of transaction price allocated to unsatisfied performance obligations. There is no fixed consideration included in the transaction price for any of these revenues.

Investments in and Advances to

Investments in and Advances to Joint Ventures	9 Months Ended
	Sep. 30, 2018
Equity Method Investments And Joint Ventures [Abstract]
Investments in and Advances to Joint Ventures	3. Investments in and Advances to Joint Ventures At September 30, 2018 and December 31, 2017, the Company had ownership interests in various unconsolidated joint ventures that had an investment in 103 and 136 shopping center properties, respectively. Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands): September 30, 2018 December 31, 2017 Condensed Combined Balance Sheets Land $ 907,273 $ 1,126,703 Buildings 2,541,879 3,057,072 Fixtures and tenant improvements 207,064 213,989 3,656,216 4,397,764 Less: Accumulated depreciation (936,932 ) (962,038 ) 2,719,284 3,435,726 Construction in progress and land 55,522 53,928 Real estate, net 2,774,806 3,489,654 Cash and restricted cash 92,078 155,894 Receivables, net 43,933 51,396 Other assets, net 114,771 174,832 $ 3,025,588 $ 3,871,776 Mortgage debt $ 2,000,750 $ 2,501,163 Notes and accrued interest payable to the Company 1,965 1,365 Other liabilities 123,524 156,076 2,126,239 2,658,604 Redeemable preferred equity – (A) 280,428 345,149 Accumulated equity 618,921 868,023 $ 3,025,588 $ 3,871,776 Company's share of accumulated equity $ 100,548 $ 132,710 Redeemable preferred equity, net 204,078 277,776 Basis differentials (16,004 ) (24,973 ) Deferred development fees, net of portion related to the Company's interest (2,717 ) (3,065 ) Amounts payable to the Company 1,965 1,365 Investments in and Advances to Joint Ventures, net $ 287,870 $ 383,813 (A) Includes PIK that has accrued since March 2017 of $10.8 million and $6.3 million, which was fully reserved by the Company at September 30, 2018 and December 31, 2017, respectively. Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Condensed Combined Statements of Operations Revenues from operations (A) $ 103,217 $ 126,992 $ 325,501 $ 380,568 Expenses from operations: Operating expenses 29,577 36,041 96,272 110,400 Impairment charges 87,880 2,160 104,790 82,667 Depreciation and amortization 34,332 45,291 111,308 137,976 Interest expense 23,126 24,276 72,315 83,410 Preferred share expense 6,249 8,307 19,074 24,674 Other (income) expense, net 5,460 6,577 19,497 22,204 186,624 122,652 423,256 461,331 (Loss) income from continuing operations (83,407 ) 4,340 (97,755 ) (80,763 ) Gain on disposition of real estate, net 32,548 31,740 82,924 30,764 Net (loss) income attributable to unconsolidated joint ventures $ (50,859 ) $ 36,080 $ (14,831 ) $ (49,999 ) Company's share of equity in net (loss) income of joint ventures $ (7,669 ) $ 3,819 $ 4,310 $ (2,570 ) Basis differential adjustments (B) 4,749 992 5,377 4,999 Equity in net (loss) income of joint ventures $ (2,920 ) $ 4,811 $ 9,687 $ 2,429 (A) Revenue from operations is subject to leasing or other standards. (B) The difference between the Company’s share of net income (loss), as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, unrecognized preferred PIK, 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. Service fees and income earned by the Company through management, leasing and development activities performed related to all of the Company’s unconsolidated joint ventures and interest income on its preferred interests in the BRE DDR Retail Holdings joint ventures are as follows (in millions): Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Revenue from contracts with customers: Asset and property management fees $ 4.0 $ 4.7 $ 14.5 $ 16.9 Development fees and leasing commissions 1.5 1.8 5.1 6.2 Total revenue from contracts with customers 5.5 6.5 19.6 23.1 Other: Interest income 4.8 6.3 14.6 20.0 Other 0.7 0.7 1.9 2.1 Total fee and other income $ 11.0 $ 13.5 $ 36.1 $ 45.2 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. BRE DDR Retail Holdings Joint Ventures The Company’s two unconsolidated investments with The Blackstone Group L.P. (“Blackstone”), BRE DDR Retail Holdings III (“BRE DDR III”) and BRE DDR Retail Holdings IV (“BRE DDR IV” and, together with BRE DDR III, the “BRE DDR Joint Ventures”), have substantially similar terms and are summarized as follows (in millions, except properties owned): Common Equity Preferred Investment (Principal) Properties Owned Formation Initial Initial September 30, 2018 Net of Reserve Inception September 30, 2018 BRE DDR III Oct 2014 $ 19.6 $ 300.0 $ 198.1 $ 142.6 70 20 BRE DDR IV Dec 2015 12.9 82.6 66.7 56.7 6 5 $ 382.6 $ 264.8 $ 199.3 An affiliate of Blackstone is the managing member and effectively owns 95% of the common equity of each of the two BRE DDR Joint Ventures, and consolidated affiliates of SITE Centers effectively own the remaining 5%. The Company provides leasing and property management services to all of the joint venture properties. The Company cannot be removed as the property and leasing manager until the preferred equity, as discussed below, is redeemed in full (except for certain specified events). The Company reassessed the aggregate valuation allowance at September 30, 2018, with respect to its preferred investments in BRE DDR III and BRE DDR IV. Based upon actual timing and values of recent property sales, as well as current market assumptions, the Company adjusted the aggregate valuation allowance by an increase of $2.2 million and $4.5 million for the three- and nine-month periods ended September 30, 2018, respectively, resulting in a net valuation allowance of $65.5 million. The valuation allowance is recorded as Reserve of Preferred Equity Interests on the Company’s consolidated statements of operations. The Company will continue to monitor the investments and related valuation allowance which could be increased or decreased in future periods, as appropriate. The Company’s preferred interests are entitled to certain preferential cumulative distributions payable out of operating cash flows and certain capital proceeds pursuant to the terms and conditions of the preferred investments. The preferred distributions are recognized as Interest Income within the Company’s consolidated statements of operations and are classified as a note receivable in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets. The preferred investments have an annual distribution rate of 8.5% including any deferred and unpaid preferred distributions. Blackstone has the right to defer up to 2.0% of the 8.5% preferred fixed distributions as a payment in kind distribution or “PIK.” Blackstone has made this PIK deferral election since the formation of both joint ventures. The cash portion of the preferred fixed distributions is generally payable first out of operating cash flows and is current for both BRE DDR Joint Ventures. The Company has no expectation that the cash portion of the preferred fixed distribution will become impaired. As a result of the valuation allowances recorded, the Company no longer recognizes as interest income the 2.0% PIK. Although Blackstone has the right to change its payment election, the Company expects future preferred distributions to continue to include the PIK component. The recognition of the PIK interest income will be reevaluated based upon any future adjustments to the aggregate valuation allowance, as appropriate. Disposition of Shopping Centers From January 1, 2018 to September 30, 2018, the DDRM Properties joint venture sold 15 assets for $250.7 million, the BRE DDR III joint venture sold 17 assets for $374.9 million and the BRE DDR IV joint venture sold one asset for $40.0 million. The Company’s pro rata share of the aggregate gain from these sales was $12.6 million.

Investment In and Advances to A

Investment In and Advances to Affiliate	9 Months Ended
	Sep. 30, 2018
Investments In And Advances To Affiliates [Abstract]
Investment In and Advances to Affiliate	4 . Investment In and Advances to Affiliate In connection with the spin-off of RVI, RVI issued 1,000 shares of the RVI Preferred Shares to the Company, which are noncumulative and have no mandatory dividend rate. The RVI Preferred Shares rank, 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. Subject to the requirement that RVI distribute to its common shareholders the minimum amount required to be distributed with respect to any taxable year in order for RVI to maintain its status as a real estate investment trust (“REIT”) and to avoid U.S. federal income taxes, the RVI Preferred Shares are entitled to a dividend preference for all dividends declared on RVI’s capital stock at any time up to a “preference amount” equal to $190 million in the aggregate, which amount may increase by up to an additional $10 million if the aggregate gross proceeds of RVI’s asset sales subsequent to July 1, 2018 exceeds $2.0 billion. Notwithstanding the foregoing, the RVI Preferred Shares are only entitled to receive dividends when, as and if declared by RVI’s Board of Directors and RVI’s ability to pay dividends is subject to any restrictions set forth in the terms of its indebtedness. Upon payment to SITE Centers of aggregate dividends on the RVI Preferred Shares equaling the maximum preference amount of $200 million, RVI is required to redeem the RVI Preferred Shares for $1.00 per share. The RVI Preferred Shares are subject to mandatory redemption in certain other circumstances. The RVI Preferred Shares are included in Investment in and Advances to Affiliate in the Company’s consolidated balance sheet. In addition to the preferred investment, the Company Revenue from contracts with RVI is included in Fee and Other Income on the consolidated statement of operations and was composed of the following (in millions): Three and Nine Months Ended September 30, 2018 Revenue from contracts with customers: Asset and property management fees $ 6.5 Leasing commissions 0.7 Disposition fees 1.6 Guaranty fee 0.1 Total revenue from contracts with customers $ 8.9

Other Assets, Net

Other Assets, Net	9 Months Ended
	Sep. 30, 2018
Other Assets [Abstract]
Other Assets, Net	5 . Other Assets, Net Other assets consist of the following (in thousands): September 30, 2018 December 31, 2017 Intangible assets: In-place leases, net $ 32,087 $ 71,809 Above-market leases, net 7,739 14,391 Lease origination costs 4,395 10,029 Tenant relations, net 44,531 86,178 Total intangible assets, net (A) 88,752 182,407 Other assets: Prepaid expenses (B) 7,286 10,806 Other assets 4,593 3,869 Deposits 4,845 5,076 Deferred charges, net 6,300 7,901 Total other assets, net $ 111,776 $ 210,059 (A) The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $18.1 million and $14.4 million for the three months ended September 30, 2018 and 2017, respectively, and $28.2 million and $47.0 million for the nine months ended September 30, 2018 and 2017, respectively. (B) Includes Puerto Rico prepaid tax assets of $4.0 million at December 31, 2017. In connection with the spin-off of RVI, the Company wrote off the remaining $4.0 million prepaid tax assets to Other Income (Expense), net in the Company’s consolidated statements of operations in the second quarter of 2018..

Revolving Credit Facilities

Revolving Credit Facilities	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Revolving Credit Facilities	6 . Revolving Credit Facilities The following table discloses certain information regarding the Company’s Revolving Credit Facilities (as defined below) (in millions): Carrying Amount at September 30, 2018 Weighted-Average Interest Rate (A) at September 30, 2018 Maturity Date Unsecured Credit Facility $ 105.0 3.5% September 2021 PNC Facility — N/A September 2021 (A) Interest rate on variable-rate debt was calculated using the base rate and spreads in effect at September 30, 2018. The Company maintains an unsecured revolving credit facility with a syndicate of financial institutions, arranged by J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association (the “Unsecured Credit Facility”). The Unsecured Credit Facility provides for borrowings up to $950 million if certain financial covenants are maintained, two six-month options to extend the maturity to September 2022 upon the Company’s request (subject to satisfaction of certain conditions) and an accordion feature for expansion of availability up to $1.45 billion, provided that new or existing lenders agree to the existing terms of the facility and increase their commitment level. The Unsecured Credit Facility includes a competitive bid option on periodic interest rates for up to 50% of the facility. The Unsecured Credit Facility also provides for an annual facility fee, which was 25 basis points on the entire facility at September 30, 2018. The Company also maintains an unsecured revolving credit facility with PNC Bank, National Association (the “PNC Facility” and, together with the Unsecured Credit Facility, the “Revolving Credit Facilities”). The PNC Facility terms are substantially consistent with those contained in the Unsecured Credit Facility. In July 2018, the Company permanently reduced the borrowing capacity under the PNC Facility from $50 million to $20 million. In addition, the Company the Company The Company’s borrowings under the Revolving Credit Facilities bear interest at variable rates at the Company’s election, based on either LIBOR, plus a specified spread (1.2% at September 30, 2018) or the Alternative Base Rate, plus a specified spread (0.20% at September 30, 2018), as defined in the respective facility. The specified spreads vary depending on the Company’s long-term senior unsecured debt rating from Moody’s Investors Service, Inc. and S&P Global Ratings and their successors. The Company is required to comply with certain covenants under the Revolving Credit Facilities 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 September 30, 2018.

Indebtedness

Indebtedness	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Indebtedness	7 . Indebtedness Secured Financing In contemplation of the spin-off transaction, which occurred on July 1, 2018 (Note 1), certain wholly-owned subsidiaries of RVI, entered into a loan agreement in February 2018 which provided for a secured loan facility with an initial aggregate principal amount of $1.35 billion. This loan was assumed by RVI in connection with the consummation of the spin-off of RVI. Debt Repayments In the first quarter of 2018, in connection with the $1.35 billion RVI mortgage loan and asset sales, the Company repaid $900.0 million aggregate principal amount of senior unsecured notes with maturity dates ranging from July 2018 to February 2025 through a tender offer, and subsequent optional redemption, $452.5 million of mortgage debt and $200.0 million of an unsecured term loan. In connection with the redemption of the senior unsecured notes, the Company paid make-whole amounts totaling $28.4 million. These make-whole amounts are included in Other Income (Expense), net in the Company’s consolidated statements of operations. Scheduled Principal Repayments The scheduled principal payments of the Revolving Credit Facilities (Note 6) and unsecured and secured indebtedness, excluding extension options, as of September 30, 2018, are as follows (in thousands): Year Amount 2018 $ 1,223 2019 97,241 2020 41,684 2021 120,851 2022 480,851 Thereafter 1,654,107 2,395,957 Unamortized fair market value of assumed debt 1,794 Net unamortized debt issuance costs (12,749 ) Total indebtedness $ 2,385,002

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	8 . Financial Instruments and Fair Value Measurements The following methods and assumptions were used by the Company in estimating fair value disclosures of financial instruments: Notes Receivable and Advances to Affiliates The fair value is estimated using a discounted cash flow analysis in which the Company uses unobservable inputs such as market interest rates determined by the loan to value and market capitalization rates related to the underlying collateral at which management believes similar loans would be made and classified as Level 3 in the fair value hierarchy. The fair value of these notes was approximately $224.9 million and $299.0 million at September 30, 2018 and December 31, 2017, respectively, as compared to the carrying amounts of $224.2 million and $297.9 million, respectively. Debt The fair market value of senior notes is determined using 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. Debt instruments with carrying values that are different than estimated fair values are summarized as follows (in thousands): September 30, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Senior Notes $ 1,896,458 $ 1,890,538 $ 2,810,100 $ 2,884,272 Revolving Credit Facilities and term loans 303,540 306,206 398,130 400,119 Mortgage Indebtedness 185,004 185,128 641,082 653,185 $ 2,385,002 $ 2,381,872 $ 3,849,312 $ 3,937,576 Interest Rate Cap In March 2018, the Company entered into a $1.35 billion interest rate cap, in connection with entering into the RVI mortgage (Note 7). For the nine months ended September 30, 2018, the Company recorded income of $0.2 million. On July 1, 2018, this interest rate cap was assumed by RVI.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	9 . Commitments and Contingencies Hurricane Loss In 2017, Hurricane Maria made landfall in Puerto Rico. At June 30, 2018, RVI owned 12 assets in Puerto Rico, aggregating 4.4 million square feet of Company-owned gross leasable area (“GLA”). These assets are included in the spin-off of RVI (Note 1). One of the 12 assets (Plaza Palma Real, consisting of approximately 0.4 million of Company-owned GLA) was severely damaged and was not operational following the storm, except for two anchor tenants and a few other tenants representing a minimal amount of Company-owned GLA. The other 11 assets sustained varying degrees of damage, consisting primarily of roof and HVAC system damage and water intrusion. As of June 30, 2018, the estimated net book value of the property damage written-off for damage to the Company’s Puerto Rico assets owned as of that date was $78.8 million. In addition, at June 30, 2018, the property insurance receivable was $49.2 million related to the net book value of the property damage write-off as well as other expenses net of property damage insurance payments received. The carrying value of the Puerto Rico real estate assets and a majority of the property insurance receivable was transferred to RVI in connection with the consummation of the spin-off on July 1, 2018. The remaining insurance receivable of $1.2 million related to expenses incurred that were subsequently paid by the insurance company. The Company’s business interruption insurance covers lost revenue through the period of property restoration and for up to 365 days following completion of restoration. For the six months ended June 30, 2018, rental revenues of $6.6 million were not recorded because of lost tenant revenue attributable to Hurricane Maria that has been partially defrayed by insurance proceeds. The Company will record revenue for covered business interruption in the period it determines that it is probable it will be compensated and the applicable contingencies with the insurance company are resolved. This income recognition criteria will likely result in business interruption insurance proceeds being recorded in periods subsequent to the period that the Company experienced lost revenue from the damaged properties. For the three and nine months ended September 30, 2018, the Company received insurance proceeds of approximately $1.8 million and $6.9 million, respectively, related to business interruption claims, which is recorded on the Company’s consolidated statements of operations as Business Interruption Income. Following the completion of the spin-off of RVI, other than with respect to revenue losses and repair costs previously incurred by the Company, it is expected that insurance proceeds from Hurricane Maria will largely be allocated to RVI pursuant to the terms of the agreement governing the separation of the Company and RVI.

Other Comprehensive Loss

Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Other Comprehensive Loss	10 . Other Comprehensive Loss The changes in accumulated other comprehensive loss by component are as follows (in thousands): Gains and Losses on Cash Flow Hedges Foreign Currency Items Total Balance, December 31, 2017 $ (2,100 ) $ 994 $ (1,106 ) Other comprehensive loss before reclassifications (10 ) (328 ) (338 ) Change in cash flow hedges reclassed to earnings (A) 351 — 351 Net current-period other comprehensive income (loss) 341 (328 ) 13 Balance, September 30, 2018 $ (1,759 ) $ 666 $ (1,093 ) (A) Includes amortization classified in Interest Expense of $0.4 million in the Company’s consolidated statement of operations for the nine months ended September 30, 2018, which was previously recognized in accumulated other comprehensive loss.

Impairment Charges and Reserves

Impairment Charges and Reserves	9 Months Ended
	Sep. 30, 2018
Asset Impairment Charges [Abstract]
Impairment Charges and Reserves	11 . 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): Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Assets marketed for sale (A) $ 5.8 $ 8.5 $ 54.3 $ 49.5 Assets included in the spin-off of RVI (B) 14.1 — 14.1 — Undeveloped land — 1.8 — 10.9 Reserve (adjustment) of preferred equity interests (C) 2.2 (15.4 ) 4.5 60.6 Total impairment charges $ 22.1 $ (5.1 ) $ 72.9 $ 121.0 (A ) The impairments recorded during the three and nine months ended September 30, 2018, primarily were triggered by indicative bids received and changes in market assumptions due to the disposition process. The impairments recorded during the three and nine months ended September 30, 2017, primarily were triggered by changes in asset hold-period assumptions and/or expected future cash flows. (B) Charge related to the spin-off of the RVI assets as a result of these assets being classified as held for sale on July 1, 2018, immediately prior to the spin-off. (C) As a result of an aggregate valuation allowance on its preferred equity interests in the BRE DDR Joint Ventures (Note 3). Items Measured at Fair Value on a Non-Recurring Basis The Company is required to assess the fair value of certain impaired consolidated and unconsolidated joint venture investments. The valuation of impaired real estate assets and investments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each asset, as well as the income capitalization approach considering prevailing market capitalization rates, analysis of recent comparable sales transactions, actual sales negotiations and bona fide purchase offers received from third parties and/or consideration of the amount that currently would be required to replace the asset, as adjusted for obsolescence. In general, the Company considers multiple valuation techniques when measuring fair value of an investment. However, in certain circumstances, a single valuation technique may be appropriate. 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 projects under development or not at stabilization, the significant valuation assumptions included the discount rate, the timing and the estimated costs for the construction completion and project stabilization, projected net operating income and the exit capitalization rate. For the valuation of the preferred equity interests, 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. For investments in unconsolidated joint ventures, the Company also considered the valuation of any underlying joint venture debt. 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 Company’s impairment charges on both financial and nonfinancial assets that were measured on a fair value basis for the nine months ended September 30, 2018. 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 Losses September 30, 2018 Long-lived assets held and used $ — $ — $ 452.7 $ 452.7 $ 54.3 Assets included in the spin-off of RVI (A) — — 624.6 624.6 14.1 Preferred equity interests — — 199.3 199.3 4.5 (A) Fair value of assets held for sale is equal to fair market value less estimated costs to sell. The following table presents quantitative information about the significant unobservable inputs used by the Company to determine the fair value of non-recurring items (in millions): Quantitative Information about Level 3 Fair Value Measurements Fair Value at Range Description September 30, 2018 Valuation Technique Unobservable Inputs 2018 Impairment of consolidated assets $ 351.2 Indicative Bid (A) Indicative Bid (A) N/A 694.1 Income Capitalization Approach Market Capitalization Rate 7.4% - 9.3% 32.0 Discounted Cash Flow Discount Rate 9.5% Terminal Capitalization Rate 10.5% Reserve of preferred equity interests 199.3 Discounted Cash Flow Discount Rate 8.2% - 8.9% Terminal Capitalization Rate 7.7% - 8.5% NOI Growth Rate 1% (A) Fair value measurements based upon indicative bids were 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.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	12 . Earnings Per Share The following table provides a reconciliation of net loss from continuing operations 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). Further, all per share amounts and average shares outstanding have been restated to reflect the May 2018 reverse stock split described in Note 1. Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Numerators – Basic and Diluted Loss from continuing operations $ (8,816 ) $ (43,060 ) $ (104,865 ) $ (149,936 ) Plus: Gain on disposition of real estate 124 44,291 39,643 127,017 Plus: Income attributable to non-controlling interests (239 ) (248 ) (1,191 ) (728 ) Less: Preferred dividends (8,382 ) (8,383 ) (25,148 ) (20,376 ) Less: Earnings attributable to unvested shares and operating partnership units (119 ) (241 ) (971 ) (743 ) Net loss attributable to common shareholders after allocation to participating securities $ (17,432 ) $ (7,641 ) $ (92,532 ) $ (44,766 ) Denominators – Number of Shares Basic and Diluted — 184,655 183,843 184,616 183,519 Loss Per Share: Basic and Diluted $ (0.09 ) $ (0.04 ) $ (0.50 ) $ (0.24 )

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Information	1 3 . Segment Information The tables below present information about the Company’s reportable operating segments (in thousands): Three Months Ended September 30, 2018 Shopping Centers Loan Investments Other Total Lease revenue and other property revenue $ 127,903 $ 14 $ 1,784 $ 129,701 Revenue from contracts with customers 14,394 — — 14,394 Total revenues 142,297 14 1,784 144,095 Rental operation expenses (39,597 ) — — (39,597 ) Net operating income 102,700 14 1,784 104,498 Impairment charges (19,890 ) (19,890 ) Depreciation and amortization (49,629 ) (49,629 ) Interest income 5,055 5,055 Other income (expense), net (1,454 ) (1,454 ) Unallocated expenses (A) (42,432 ) (42,432 ) Hurricane property credit, net 157 157 Equity in net loss of joint ventures (2,920 ) (2,920 ) Reserve of preferred equity interests (2,201 ) (2,201 ) Loss from continuing operations $ (8,816 ) Three Months Ended September 30, 2017 Shopping Centers Loan Investments Other Total Lease revenue and other property revenue $ 220,910 $ 15 $ 220,925 Revenue from contracts with customers 6,499 — 6,499 Total revenues 227,409 15 227,424 Rental operation expenses (62,547 ) 3 (62,544 ) Net operating income 164,862 18 164,880 Impairment charges (10,284 ) (10,284 ) Depreciation and amortization (85,210 ) (85,210 ) Interest income 6,807 6,807 Other income (expense), net $ (64,340 ) (64,340 ) Unallocated expenses (A) (69,012 ) (69,012 ) Hurricane property and impairment loss (6,089 ) (6,089 ) Equity in net income of joint ventures 4,811 4,811 Adjustment of preferred equity interests 15,377 15,377 Loss from continuing operations $ (43,060 ) Nine Months Ended September 30, 2018 Shopping Centers Loan Investments Other Total Lease revenue and other property revenue $ 540,415 $ 43 $ 1,784 $ 542,242 Revenue from contracts with customers 28,437 — — 28,437 Total revenues 568,852 43 1,784 570,679 Rental operation expenses (169,185 ) — — (169,185 ) Net operating income 399,667 43 1,784 401,494 Impairment charges (68,394 ) (68,394 ) Depreciation and amortization (196,515 ) (196,515 ) Interest income 15,412 15,412 Other income (expense), net (99,316 ) (99,316 ) Unallocated expenses (A) (161,879 ) (161,879 ) Hurricane property (loss) credit, net (974 ) 157 (817 ) Equity in net income of joint ventures 9,687 9,687 Reserve of preferred equity interest, net (4,537 ) (4,537 ) Loss from continuing operations $ (104,865 ) As of September 30, 2018: Total gross real estate assets $ 5,171,227 $ 5,171,227 Notes receivable, net (B) $ 223,748 $ (204,078 ) $ 19,670 Nine Months Ended September 30, 2017 Shopping Centers Loan Investments Other Total Lease revenue and other property revenue $ 680,938 $ 43 $ 680,981 Revenue from contracts with customers 23,051 — 23,051 Total revenues 703,989 43 704,032 Rental operation expenses (202,526 ) (10 ) (202,536 ) Net operating income 501,463 33 501,496 Impairment charges (60,353 ) (60,353 ) Depreciation and amortization (266,370 ) (266,370 ) Interest income 22,365 22,365 Other income (expense), net $ (65,298 ) (65,298 ) Unallocated expenses (A) (217,493 ) (217,493 ) Hurricane property and impairment loss (6,089 ) (6,089 ) Equity in net income of joint ventures 2,429 2,429 Reserve of preferred equity interests (60,623 ) (60,623 ) Loss from continuing operations $ (149,936 ) As of September 30, 2017: Total gross real estate assets $ 8,697,077 $ 8,697,077 Notes receivable, net (B) $ 346,888 $ (327,297 ) $ 19,591 (A) Unallocated expenses consist of General and Administrative Expenses, Interest Expense and Tax Expense as listed in the Company’s consolidated statements of operations. (B) Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.

Nature of Business and Financ_2

Nature of Business and Financial Statement Presentation (Policies)	9 Months Ended
	Sep. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature Of Business	Nature of Business SITE Centers Corp. (formerly known as DDR 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 acquiring, owning, developing, redeveloping, expanding, leasing, financing and managing shopping centers. Unless otherwise provided, references herein to the Company or SITE Centers include SITE Centers Corp. and its wholly-owned subsidiaries and consolidated joint ventures. The Company’s tenant base primarily includes national and regional retail chains and local retailers. Consequently, the Company’s credit risk is concentrated in the retail industry.
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.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements These financial statements have been prepared by the Company in accordance with GAAP for interim financial information and the applicable rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all information and footnotes required by GAAP for complete financial statements. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of the results of the periods presented. The results of operations for the three and nine months ended September 30, 2018 and 2017, are not necessarily indicative of the results that may be expected for the full year. These condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 .
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). The Company has two unconsolidated joint ventures included in the Company’s joint venture investments that are considered VIEs for which the Company is not the primary beneficiary. The Company’s maximum exposure to losses associated with these VIEs is limited to its aggregate investment, which was $205.9 million and $284.1 million as of September 30, 2018 and December 31, 2017, respectively.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified in order to conform with the current period’s presentation. The Company reclassified $3.0 million and $9.8 million of costs for the three and nine months ended September 30, 2017, respectively, on the Company’s consolidated statements of operations related to property management and services of the Company’s operating properties from General and Administrative to Operating and Maintenance.
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): Nine Months Ended September 30, 2018 2017 Accounts payable related to construction in progress $ 8.2 $ 11.4 Receivable and reduction of real estate assets, net - related to hurricane 7.8 59.7 Assumption of building due to ground lease termination 2.2 8.6 Contribution of net assets to RVI 663.4 — Dividends declared 45.4 78.4 Conversion of Operating Partnership Units 0.9 —
Common Shares	Common Shares Common share dividends declared per share were as follows: Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Common share dividends declared per share $ 0.20 $ 0.38 $ 0.96 $ 1.14
Effect of Reverse Stock Split on Presentation	Effect of Reverse Stock Split on Presentation On May 18, 2018, in anticipation of the spin-off of RVI, the Company effected a reverse stock split of its outstanding common shares at a ratio of one-for-two. All share and per share data included in these unaudited condensed consolidated financial statements gives retroactive effect to the reverse stock split for all periods presented.
New Accounting Standards Adopted and to be Adopted	New Accounting Standards Adopted Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Real Estate Sales In February 2017, the FASB issued ASU 2017-05, Other Income-Gains and Losses from Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets New Accounting Standards to Be Adopted Accounting for Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). Leases The Company is in the process of evaluating the impact that the adoption of ASU No. 2016-02 will have on its consolidated financial statements and disclosures. The Company has currently identified several areas within its accounting policies it believes could be impacted by the new standard, including where the Company is a lessor under its tenant lease agreements and a lessee under its ground leases. In July 2018, the FASB approved targeted improvements to the Leases standard that provides lessors with a practical expedient by class of underlying asset, to avoid separating the non-lease components from the lease component of certain contracts. Such practical expedient is limited to circumstances in which (i) the timing and pattern of transfer are the same for the non-lease component and the related lease component and (ii) the stand alone lease component would be classified as an operating lease if accounted for separately. The Company will elect the practical expedient which would allow the Company the ability to account for the combined component based on its predominate characteristics if the underlying asset meets the two criteria defined above. In addition, the Company has ground lease agreements in which the Company is the lessee for land beneath all or a portion of the buildings at three shopping centers. Currently, the Company accounts for these arrangements as operating leases. Under the new standard, the Company will record its rights and obligations under these leases as a right of use asset and lease liability on its consolidated balance sheets. The Company is currently in the process of evaluating the inputs required to calculate the amount that will be recorded on its balance sheet for each ground lease. Lastly, this standard impacts the lessor’s ability to capitalize initial direct costs related to the leasing of vacant space. However, the Company does not believe this change regarding capitalization will have a material impact on its consolidated financial statements. Accounting for Credit Losses In June 2016, the FASB issued an amendment on measurement of credit losses on financial assets held by a reporting entity at each reporting date. The guidance requires the use of a new current expected credit loss ("CECL") model in estimating allowances for doubtful accounts with respect to accounts receivable, straight-line rents receivable and notes receivable. The CECL model requires that the Company estimate its lifetime expected credit loss with respect to these receivables and record allowances that, when deducted from the balance of the receivables, represent the estimated net amounts expected to be collected. This guidance is effective for fiscal years, and for interim reporting periods within those fiscal years, beginning after December 15, 2019. In July 2018, the FASB proposed an amendment to ASU 2016-13, Financial Instruments - Credit Losses to clarify that operating lease receivables recorded by lessors are explicitly excluded from the scope of the ASU. The Company is in the process of evaluating the impact of this guidance.

Nature of Business and Financ_3

Nature of Business and Financial Statement Presentation (Tables)	9 Months Ended
	Sep. 30, 2018
Non-cash Investing and Financing Activities	Non-cash investing and financing activities are summarized as follows (in millions): Nine Months Ended September 30, 2018 2017 Accounts payable related to construction in progress $ 8.2 $ 11.4 Receivable and reduction of real estate assets, net - related to hurricane 7.8 59.7 Assumption of building due to ground lease termination 2.2 8.6 Contribution of net assets to RVI 663.4 — Dividends declared 45.4 78.4 Conversion of Operating Partnership Units 0.9 —
Common Shares
Common Share Dividends Declared Per Share	Common share dividends declared per share were as follows: Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Common share dividends declared per share $ 0.20 $ 0.38 $ 0.96 $ 1.14

Revenue Recognition (Tables)

Revenue Recognition (Tables) - Adoption of Topic 606 [Member]	9 Months Ended
	Sep. 30, 2018
Schedule of Revenue From Contracts With Customers Included in Fee and Other Income on Consolidated Statements of Operations	Revenue from contracts with customers is included in Fee and Other Income on the consolidated statements of operations and was composed of the following (in thousands): Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Revenue from contracts with customers: Asset and property management fees $ 10,501 $ 4,660 $ 20,982 $ 16,851 Leasing commissions 1,818 1,521 4,752 4,849 Development fees 393 318 1,021 1,351 Disposition fees 1,622 — 1,622 — Credit facility guaranty fee 60 — 60 — Total revenue from contracts with customers 14,394 6,499 28,437 23,051 Other fee income: Ancillary and other property income 2,384 4,444 11,607 13,535 Lease termination fees 99 9,380 3,316 10,188 Other 724 792 1,987 2,466 Total fee and other income $ 17,601 $ 21,115 $ 45,347 $ 49,240
Schedule of Significant Changes in Contract Asset Balances	Contract assets are included in Other Assets, net on the consolidated balance sheets. The significant changes in the contract asset balances during the nine months ended September 30, 2018 are as follows (in thousands): Balance as of January 1, 2018 $ 1,371 Contract assets recognized 1,732 Contract assets billed (1,738 ) Balance as of September 30, 2018 $ 1,365

Investments in and Advances t_2

Investments in and Advances to Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2018
Schedule Of Equity Method Investments [Line Items]
Service Fees and Income Earned by Company	Service fees and income earned by the Company through management, leasing and development activities performed related to all of the Company’s unconsolidated joint ventures and interest income on its preferred interests in the BRE DDR Retail Holdings joint ventures are as follows (in millions): Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Revenue from contracts with customers: Asset and property management fees $ 4.0 $ 4.7 $ 14.5 $ 16.9 Development fees and leasing commissions 1.5 1.8 5.1 6.2 Total revenue from contracts with customers 5.5 6.5 19.6 23.1 Other: Interest income 4.8 6.3 14.6 20.0 Other 0.7 0.7 1.9 2.1 Total fee and other income $ 11.0 $ 13.5 $ 36.1 $ 45.2
Summary of Terms For Unconsolidated Joint Ventures Investments	The Company’s two unconsolidated investments with The Blackstone Group L.P. (“Blackstone”), BRE DDR Retail Holdings III (“BRE DDR III”) and BRE DDR Retail Holdings IV (“BRE DDR IV” and, together with BRE DDR III, the “BRE DDR Joint Ventures”), have substantially similar terms and are summarized as follows (in millions, except properties owned): Common Equity Preferred Investment (Principal) Properties Owned Formation Initial Initial September 30, 2018 Net of Reserve Inception September 30, 2018 BRE DDR III Oct 2014 $ 19.6 $ 300.0 $ 198.1 $ 142.6 70 20 BRE DDR IV Dec 2015 12.9 82.6 66.7 56.7 6 5 $ 382.6 $ 264.8 $ 199.3
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments	At September 30, 2018 and December 31, 2017, the Company had ownership interests in various unconsolidated joint ventures that had an investment in 103 and 136 shopping center properties, respectively. Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands): September 30, 2018 December 31, 2017 Condensed Combined Balance Sheets Land $ 907,273 $ 1,126,703 Buildings 2,541,879 3,057,072 Fixtures and tenant improvements 207,064 213,989 3,656,216 4,397,764 Less: Accumulated depreciation (936,932 ) (962,038 ) 2,719,284 3,435,726 Construction in progress and land 55,522 53,928 Real estate, net 2,774,806 3,489,654 Cash and restricted cash 92,078 155,894 Receivables, net 43,933 51,396 Other assets, net 114,771 174,832 $ 3,025,588 $ 3,871,776 Mortgage debt $ 2,000,750 $ 2,501,163 Notes and accrued interest payable to the Company 1,965 1,365 Other liabilities 123,524 156,076 2,126,239 2,658,604 Redeemable preferred equity – (A) 280,428 345,149 Accumulated equity 618,921 868,023 $ 3,025,588 $ 3,871,776 Company's share of accumulated equity $ 100,548 $ 132,710 Redeemable preferred equity, net 204,078 277,776 Basis differentials (16,004 ) (24,973 ) Deferred development fees, net of portion related to the Company's interest (2,717 ) (3,065 ) Amounts payable to the Company 1,965 1,365 Investments in and Advances to Joint Ventures, net $ 287,870 $ 383,813 (A) Includes PIK that has accrued since March 2017 of $10.8 million and $6.3 million, which was fully reserved by the Company at September 30, 2018 and December 31, 2017, respectively.
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments	Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Condensed Combined Statements of Operations Revenues from operations (A) $ 103,217 $ 126,992 $ 325,501 $ 380,568 Expenses from operations: Operating expenses 29,577 36,041 96,272 110,400 Impairment charges 87,880 2,160 104,790 82,667 Depreciation and amortization 34,332 45,291 111,308 137,976 Interest expense 23,126 24,276 72,315 83,410 Preferred share expense 6,249 8,307 19,074 24,674 Other (income) expense, net 5,460 6,577 19,497 22,204 186,624 122,652 423,256 461,331 (Loss) income from continuing operations (83,407 ) 4,340 (97,755 ) (80,763 ) Gain on disposition of real estate, net 32,548 31,740 82,924 30,764 Net (loss) income attributable to unconsolidated joint ventures $ (50,859 ) $ 36,080 $ (14,831 ) $ (49,999 ) Company's share of equity in net (loss) income of joint ventures $ (7,669 ) $ 3,819 $ 4,310 $ (2,570 ) Basis differential adjustments (B) 4,749 992 5,377 4,999 Equity in net (loss) income of joint ventures $ (2,920 ) $ 4,811 $ 9,687 $ 2,429 (A) Revenue from operations is subject to leasing or other standards. (B) The difference between the Company’s share of net income (loss), as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, unrecognized preferred PIK, 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.

Investment In and Advances to_2

Investment In and Advances to Affiliate (Tables)	9 Months Ended
	Sep. 30, 2018
Retail Value Inc. [Member]
Schedule of Revenue From Contracts With Customers Included in Fee and Other Income on Consolidated Statements of Operations	Revenue from contracts with RVI is included in Fee and Other Income on the consolidated statement of operations and was composed of the following (in millions): Three and Nine Months Ended September 30, 2018 Revenue from contracts with customers: Asset and property management fees $ 6.5 Leasing commissions 0.7 Disposition fees 1.6 Guaranty fee 0.1 Total revenue from contracts with customers $ 8.9

Other Assets, Net (Tables)

Other Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2018
Other Assets [Abstract]
Components of Other Assets	Other assets consist of the following (in thousands): September 30, 2018 December 31, 2017 Intangible assets: In-place leases, net $ 32,087 $ 71,809 Above-market leases, net 7,739 14,391 Lease origination costs 4,395 10,029 Tenant relations, net 44,531 86,178 Total intangible assets, net (A) 88,752 182,407 Other assets: Prepaid expenses (B) 7,286 10,806 Other assets 4,593 3,869 Deposits 4,845 5,076 Deferred charges, net 6,300 7,901 Total other assets, net $ 111,776 $ 210,059 (A) The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $18.1 million and $14.4 million for the three months ended September 30, 2018 and 2017, respectively, and $28.2 million and $47.0 million for the nine months ended September 30, 2018 and 2017, respectively. (B) Includes Puerto Rico prepaid tax assets of $4.0 million at December 31, 2017. In connection with the spin-off of RVI, the Company wrote off the remaining $4.0 million prepaid tax assets to Other Income (Expense), net in the Company’s consolidated statements of operations in the second quarter of 2018..

Revolving Credit Facilities (Ta

Revolving Credit Facilities (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Information Regarding Company's Revolving Credit Facilities	The following table discloses certain information regarding the Company’s Revolving Credit Facilities (as defined below) (in millions): Carrying Amount at September 30, 2018 Weighted-Average Interest Rate (A) at September 30, 2018 Maturity Date Unsecured Credit Facility $ 105.0 3.5% September 2021 PNC Facility — N/A September 2021 (A) Interest rate on variable-rate debt was calculated using the base rate and spreads in effect at September 30, 2018.

Indebtedness (Tables)

Indebtedness (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule Principal Payments	The scheduled principal payments of the Revolving Credit Facilities (Note 6) and unsecured and secured indebtedness, excluding extension options, as of September 30, 2018, are as follows (in thousands): Year Amount 2018 $ 1,223 2019 97,241 2020 41,684 2021 120,851 2022 480,851 Thereafter 1,654,107 2,395,957 Unamortized fair market value of assumed debt 1,794 Net unamortized debt issuance costs (12,749 ) Total indebtedness $ 2,385,002

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Debt Instruments with Carrying Values Different than Estimated Fair Values	Debt instruments with carrying values that are different than estimated fair values are summarized as follows (in thousands): September 30, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Senior Notes $ 1,896,458 $ 1,890,538 $ 2,810,100 $ 2,884,272 Revolving Credit Facilities and term loans 303,540 306,206 398,130 400,119 Mortgage Indebtedness 185,004 185,128 641,082 653,185 $ 2,385,002 $ 2,381,872 $ 3,849,312 $ 3,937,576

Other Comprehensive Loss (Table

Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component	The changes in accumulated other comprehensive loss by component are as follows (in thousands): Gains and Losses on Cash Flow Hedges Foreign Currency Items Total Balance, December 31, 2017 $ (2,100 ) $ 994 $ (1,106 ) Other comprehensive loss before reclassifications (10 ) (328 ) (338 ) Change in cash flow hedges reclassed to earnings (A) 351 — 351 Net current-period other comprehensive income (loss) 341 (328 ) 13 Balance, September 30, 2018 $ (1,759 ) $ 666 $ (1,093 ) (A) Includes amortization classified in Interest Expense of $0.4 million in the Company’s consolidated statement of operations for the nine months ended September 30, 2018, which was previously recognized in accumulated other comprehensive loss.

Impairment Charges and Reserv_2

Impairment Charges and Reserves (Tables)	9 Months Ended
	Sep. 30, 2018
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): Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Assets marketed for sale (A) $ 5.8 $ 8.5 $ 54.3 $ 49.5 Assets included in the spin-off of RVI (B) 14.1 — 14.1 — Undeveloped land — 1.8 — 10.9 Reserve (adjustment) of preferred equity interests (C) 2.2 (15.4 ) 4.5 60.6 Total impairment charges $ 22.1 $ (5.1 ) $ 72.9 $ 121.0 (A ) The impairments recorded during the three and nine months ended September 30, 2018, primarily were triggered by indicative bids received and changes in market assumptions due to the disposition process. The impairments recorded during the three and nine months ended September 30, 2017, primarily were triggered by changes in asset hold-period assumptions and/or expected future cash flows. (B) Charge related to the spin-off of the RVI assets as a result of these assets being classified as held for sale on July 1, 2018, immediately prior to the spin-off. (C) As a result of an aggregate valuation allowance on its preferred equity interests in the BRE DDR Joint Ventures (Note 3).
Impairment Charges Measured at Fair Value on Non-Recurring Basis	The following table presents information about the Company’s impairment charges on both financial and nonfinancial assets that were measured on a fair value basis for the nine months ended September 30, 2018. 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 Losses September 30, 2018 Long-lived assets held and used $ — $ — $ 452.7 $ 452.7 $ 54.3 Assets included in the spin-off of RVI (A) — — 624.6 624.6 14.1 Preferred equity interests — — 199.3 199.3 4.5 (A) Fair value of assets held for sale is equal to fair market value less estimated costs to sell.
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 of non-recurring items (in millions): Quantitative Information about Level 3 Fair Value Measurements Fair Value at Range Description September 30, 2018 Valuation Technique Unobservable Inputs 2018 Impairment of consolidated assets $ 351.2 Indicative Bid (A) Indicative Bid (A) N/A 694.1 Income Capitalization Approach Market Capitalization Rate 7.4% - 9.3% 32.0 Discounted Cash Flow Discount Rate 9.5% Terminal Capitalization Rate 10.5% Reserve of preferred equity interests 199.3 Discounted Cash Flow Discount Rate 8.2% - 8.9% Terminal Capitalization Rate 7.7% - 8.5% NOI Growth Rate 1% (A) Fair value measurements based upon indicative bids were 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.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net (Loss) Income from Continuing Operations and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS	The following table provides a reconciliation of net loss from continuing operations 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). Further, all per share amounts and average shares outstanding have been restated to reflect the May 2018 reverse stock split described in Note 1. Three Months Nine Months Ended September 30, Ended September 30, 2018 2017 2018 2017 Numerators – Basic and Diluted Loss from continuing operations $ (8,816 ) $ (43,060 ) $ (104,865 ) $ (149,936 ) Plus: Gain on disposition of real estate 124 44,291 39,643 127,017 Plus: Income attributable to non-controlling interests (239 ) (248 ) (1,191 ) (728 ) Less: Preferred dividends (8,382 ) (8,383 ) (25,148 ) (20,376 ) Less: Earnings attributable to unvested shares and operating partnership units (119 ) (241 ) (971 ) (743 ) Net loss attributable to common shareholders after allocation to participating securities $ (17,432 ) $ (7,641 ) $ (92,532 ) $ (44,766 ) Denominators – Number of Shares Basic and Diluted — 184,655 183,843 184,616 183,519 Loss Per Share: Basic and Diluted $ (0.09 ) $ (0.04 ) $ (0.50 ) $ (0.24 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Summary of Information about Company's Reportable Operating Segments	The tables below present information about the Company’s reportable operating segments (in thousands): Three Months Ended September 30, 2018 Shopping Centers Loan Investments Other Total Lease revenue and other property revenue $ 127,903 $ 14 $ 1,784 $ 129,701 Revenue from contracts with customers 14,394 — — 14,394 Total revenues 142,297 14 1,784 144,095 Rental operation expenses (39,597 ) — — (39,597 ) Net operating income 102,700 14 1,784 104,498 Impairment charges (19,890 ) (19,890 ) Depreciation and amortization (49,629 ) (49,629 ) Interest income 5,055 5,055 Other income (expense), net (1,454 ) (1,454 ) Unallocated expenses (A) (42,432 ) (42,432 ) Hurricane property credit, net 157 157 Equity in net loss of joint ventures (2,920 ) (2,920 ) Reserve of preferred equity interests (2,201 ) (2,201 ) Loss from continuing operations $ (8,816 ) Three Months Ended September 30, 2017 Shopping Centers Loan Investments Other Total Lease revenue and other property revenue $ 220,910 $ 15 $ 220,925 Revenue from contracts with customers 6,499 — 6,499 Total revenues 227,409 15 227,424 Rental operation expenses (62,547 ) 3 (62,544 ) Net operating income 164,862 18 164,880 Impairment charges (10,284 ) (10,284 ) Depreciation and amortization (85,210 ) (85,210 ) Interest income 6,807 6,807 Other income (expense), net $ (64,340 ) (64,340 ) Unallocated expenses (A) (69,012 ) (69,012 ) Hurricane property and impairment loss (6,089 ) (6,089 ) Equity in net income of joint ventures 4,811 4,811 Adjustment of preferred equity interests 15,377 15,377 Loss from continuing operations $ (43,060 ) Nine Months Ended September 30, 2018 Shopping Centers Loan Investments Other Total Lease revenue and other property revenue $ 540,415 $ 43 $ 1,784 $ 542,242 Revenue from contracts with customers 28,437 — — 28,437 Total revenues 568,852 43 1,784 570,679 Rental operation expenses (169,185 ) — — (169,185 ) Net operating income 399,667 43 1,784 401,494 Impairment charges (68,394 ) (68,394 ) Depreciation and amortization (196,515 ) (196,515 ) Interest income 15,412 15,412 Other income (expense), net (99,316 ) (99,316 ) Unallocated expenses (A) (161,879 ) (161,879 ) Hurricane property (loss) credit, net (974 ) 157 (817 ) Equity in net income of joint ventures 9,687 9,687 Reserve of preferred equity interest, net (4,537 ) (4,537 ) Loss from continuing operations $ (104,865 ) As of September 30, 2018: Total gross real estate assets $ 5,171,227 $ 5,171,227 Notes receivable, net (B) $ 223,748 $ (204,078 ) $ 19,670 Nine Months Ended September 30, 2017 Shopping Centers Loan Investments Other Total Lease revenue and other property revenue $ 680,938 $ 43 $ 680,981 Revenue from contracts with customers 23,051 — 23,051 Total revenues 703,989 43 704,032 Rental operation expenses (202,526 ) (10 ) (202,536 ) Net operating income 501,463 33 501,496 Impairment charges (60,353 ) (60,353 ) Depreciation and amortization (266,370 ) (266,370 ) Interest income 22,365 22,365 Other income (expense), net $ (65,298 ) (65,298 ) Unallocated expenses (A) (217,493 ) (217,493 ) Hurricane property and impairment loss (6,089 ) (6,089 ) Equity in net income of joint ventures 2,429 2,429 Reserve of preferred equity interests (60,623 ) (60,623 ) Loss from continuing operations $ (149,936 ) As of September 30, 2017: Total gross real estate assets $ 8,697,077 $ 8,697,077 Notes receivable, net (B) $ 346,888 $ (327,297 ) $ 19,591 (A) Unallocated expenses consist of General and Administrative Expenses, Interest Expense and Tax Expense as listed in the Company’s consolidated statements of operations. (B) Amount includes loans to affiliates classified in Investments in and Advances to Joint Ventures on the Company’s consolidated balance sheets.

Nature of Business and Financ_4

Nature of Business and Financial Statement Presentation - Additional Information (Detail)	Jul. 01, 2018USD ($)ShoppingCentershares	May 18, 2018	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)ShoppingCenterJointVenture	Sep. 30, 2017USD ($)	Jun. 26, 2018	Dec. 31, 2017USD ($)
Nature Of Business And Financial Statement Presentation [Line Items]
Mortgage indebtedness				$ 185,004,000			$ 641,082,000
Maximum exposure to losses associated with VIEs				$ 205,900,000			$ 284,100,000
Reclassification of costs form general and administrative to operating and maintenance			$ 3,000,000		$ 9,800,000
Number of shopping centers leased under ground lease agreements | ShoppingCenter				3
Common Shares
Nature Of Business And Financial Statement Presentation [Line Items]
Reverse stock split				one-for-two
Reverse stock split conversion ratio		0.5
Variable Interest Entity, Not Primary Beneficiary [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Number of unconsolidated joint ventures | JointVenture				2
Retail Value Inc. [Member] | Series A Preferred Stock [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Cumulative redeemable preferred shares, shares issued | shares	1,000
Retail Value Inc. [Member] | Series A Preferred Stock [Member] | Aggregate Gross Proceeds of RVI's Asset Sales Subsequent to July 1, 2018 Exceeds $2.0 Billion [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Preferred stock, value	$ 190,000,000
Maximum increase in preferred stock amount	$ 10,000,000
Spin-off [Member] | Maximum [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Dividend payments to be received will be recorded as reduction of preferred shares carrying value				$ 190,000,000
Spin-off [Member] | Retail Value Inc. [Member]
Nature Of Business And Financial Statement Presentation [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						100.00%
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.
Spin-off [Member] | Retail Value Inc. [Member] | Series A Preferred Stock [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Cumulative redeemable preferred shares, shares issued | shares	1,000
Spin-off [Member] | Retail Value Inc. [Member] | Series A Preferred Stock [Member] | Aggregate Gross Proceeds of RVI's Asset Sales Subsequent to July 1, 2018 Exceeds $2.0 Billion [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Preferred stock, value	$ 190,000,000
Maximum increase in preferred stock amount	10,000,000
Spin-off [Member] | Retail Value Inc. [Member] | Mortgages [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Mortgage indebtedness	$ 1,270,000,000
U.S. [Member] | Spin-off [Member] | Retail Value Inc. [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Number of shopping centers in connection with spinoff | ShoppingCenter	36
Puerto Rico [Member] | Spin-off [Member] | Retail Value Inc. [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Number of shopping centers in connection with spinoff | ShoppingCenter	12

Nature of Business and Financ_5

Nature of Business and Financial Statement Presentation - Non-cash Investing and Financing Activities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Other Significant Noncash Transactions [Line Items]
Accounts payable related to construction in progress	$ 8,200	$ 11,400
Receivable and reduction of real estate assets, net - related to hurricane	7,800	59,700
Dividends declared	45,406	78,400	$ 78,549
Conversion of Operating Partnership Units	900	0
Retail Value Inc. [Member]
Other Significant Noncash Transactions [Line Items]
Contribution of net assets to RVI	663,400	0
Building [Member]
Other Significant Noncash Transactions [Line Items]
Assumption of building due to ground lease termination	$ 2,200	$ 8,600

Nature of Business and Financ_6

Nature of Business and Financial Statement Presentation - Common Share Dividends Declared Per Share (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Common share dividends declared per share	$ 0.20	$ 0.38	$ 0.96	$ 1.14

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Contract asset, explanation of change	The portion of payments retained by the customer until the second contingent event is not considered a significant financing component because the right to payment is expected to become unconditional within one year or less. Contract assets are transferred to receivables when the right to payment becomes unconditional.
Accounts receivable, net	$ 74,253	$ 108,695
Revenue performance obligation payment description	There is no fixed consideration included in the transaction price for any of these revenues.
Retail Value Inc. [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Disposition fees equal to percentage of gross sale price	1.00%
Tenant [Member] | Minimum [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Rental revenue recognition period	1 month
Tenant [Member] | Maximum [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Rental revenue recognition period	30 years
Adoption of Topic 606 [Member]
Revenue Initial Application Period Cumulative Effect Transition [Line Items]
Revenue recognized percentage upon lease execution	50.00%
Revenue recognized percentage upon tenant rent commencement	50.00%
Accounts receivable, net	$ 1,600	$ 1,900

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenue From Contracts With Customers Included in Fee and Other Income on Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 14,394	$ 6,499	$ 28,437	$ 23,051
Other fee income:
Ancillary and other property income	2,384	4,444	11,607	13,535
Lease termination fees	99	9,380	3,316	10,188
Other	724	792	1,987	2,466
Total fee and other income	17,601	21,115	45,347	49,240
Asset and Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	10,501	4,660	20,982	16,851
Leasing Commissions [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,818	1,521	4,752	4,849
Development Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	393	318	1,021	1,351
Disposition Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,622	0	1,622	0
Credit Facility Guaranty Fee [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 60	$ 0	$ 60	$ 0

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Significant Changes in Contract Asset Balances (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
Revenue From Contract With Customer [Abstract]
Contract assets, Beginning balance	$ 1,371
Contract assets recognized	1,732
Contract assets billed	(1,738)
Contract assets, Ending balance	$ 1,365

Investments in and Advances t_3

Investments in and Advances to Joint Ventures - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)ShoppingCenter	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)ShoppingCenterInvestmentAssets	Sep. 30, 2017USD ($)	Dec. 31, 2017ShoppingCenter
Schedule Of Equity Method Investments [Line Items]
Preferred investment interest valuation allowance	$ 65,500		$ 65,500
Reserve (adjustment) of preferred equity interests	$ 2,201	$ (15,377)	4,537	$ 60,623
Shopping Centers and Land [Member]
Schedule Of Equity Method Investments [Line Items]
Gain on sale of joint venture assets			$ 12,600
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Shopping centers owned | ShoppingCenter	103		103		136
BRE DDR Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Number of unconsolidated investments | Investment			2
Maximum preferred investment fixed distribution deferral	2.00%		2.00%
BRE DDR Joint Ventures [Member] | Preferred Equity Fixed Dividend Rate [Member]
Schedule Of Equity Method Investments [Line Items]
Preferred equity fixed dividend rate per annum			8.50%
BRE DDR III [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership interest of joint venture partner	95.00%		95.00%
Ownership interest in joint venture	5.00%		5.00%
BRE DDR III [Member] | Shopping Centers and Land [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties sold | Assets			17
Proceeds from sale of joint venture assets			$ 374,900
BRE DDR IV [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership interest of joint venture partner	95.00%		95.00%
Ownership interest in joint venture	5.00%		5.00%
BRE DDR IV [Member] | Shopping Centers and Land [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties sold | Assets			1
Proceeds from sale of joint venture assets			$ 40,000
DDRM Properties [Member] | Shopping Centers and Land [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties sold | Assets			15
Proceeds from sale of joint venture assets			$ 250,700

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	Sep. 30, 2018	Dec. 31, 2017
Condensed Combined Balance Sheets
Land	$ 970,008	$ 1,738,792
Buildings	3,634,232	5,733,451
Fixtures and tenant improvements	508,270	693,280
Total real estate rental property	5,112,510	8,165,523
Less: Accumulated depreciation	(1,284,446)	(1,953,479)
Real estate rental property, net	3,828,064	6,212,044
Construction in progress and land	58,717	82,480
Total real estate assets, net	3,886,781	6,294,524
Other assets, net	111,776	210,059
Total assets	4,620,092	7,170,073
Mortgage debt	185,004	641,082
Total liabilities	2,645,101	4,272,635
Total liabilities and equity	4,620,092	7,170,073
Company's share of accumulated equity	100,548	132,710
Redeemable preferred equity, net	204,078	277,776
Basis differentials	(16,004)	(24,973)
Deferred development fees, net of portion related to the Company's interest	(2,717)	(3,065)
Amounts payable to the Company	1,965	1,365
Investments in and Advances to Joint Ventures, net	287,870	383,813
Unconsolidated Joint Ventures [Member]
Condensed Combined Balance Sheets
Land	907,273	1,126,703
Buildings	2,541,879	3,057,072
Fixtures and tenant improvements	207,064	213,989
Total real estate rental property	3,656,216	4,397,764
Less: Accumulated depreciation	(936,932)	(962,038)
Real estate rental property, net	2,719,284	3,435,726
Construction in progress and land	55,522	53,928
Total real estate assets, net	2,774,806	3,489,654
Cash and restricted cash	92,078	155,894
Receivables, net	43,933	51,396
Other assets, net	114,771	174,832
Total assets	3,025,588	3,871,776
Mortgage debt	2,000,750	2,501,163
Notes and accrued interest payable to the Company	1,965	1,365
Other liabilities	123,524	156,076
Total liabilities	2,126,239	2,658,604
Redeemable preferred equity – SITE Centers	280,428	345,149
Accumulated equity	618,921	868,023
Total liabilities and equity	$ 3,025,588	$ 3,871,776

Investments in and Advances t_5

Investments in and Advances to Joint Ventures - Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments (Parenthetical) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Schedule Of Equity Method Investments [Line Items]
Redeemable preferred equity, net	$ 204,078	$ 277,776
PIK [Member]
Schedule Of Equity Method Investments [Line Items]
Redeemable preferred equity, net	$ 10,800	$ 6,300

Investments in and Advances t_6

Investments in and Advances to Joint Ventures - Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Expenses from operations:
Operating expenses	$ 124,191	$ 177,576	$ 480,264	$ 595,847
Impairment charges	19,890	10,284	68,394	60,353
Depreciation and amortization	49,629	85,210	196,515	266,370
Interest expense	26,962	46,296	115,915	147,031
Other (income) expense, net	1,454	64,340	99,316	65,298
(Loss) income from continuing operations	(8,816)	(43,060)	(104,865)	(149,936)
Gain on disposition of real estate, net	124	44,291	39,643	127,017
Company's share of equity in net (loss) income of joint ventures	(7,669)	3,819	4,310	(2,570)
Basis differential adjustments(B)	4,749	992	5,377	4,999
Equity in net (loss) income of joint ventures	(2,920)	4,811	9,687	2,429
Unconsolidated Joint Ventures [Member]
Condensed Combined Statements of Operations
Revenues from operations	103,217	126,992	325,501	380,568
Expenses from operations:
Operating expenses	29,577	36,041	96,272	110,400
Impairment charges	87,880	2,160	104,790	82,667
Depreciation and amortization	34,332	45,291	111,308	137,976
Interest expense	23,126	24,276	72,315	83,410
Preferred share expense	6,249	8,307	19,074	24,674
Other (income) expense, net	5,460	6,577	19,497	22,204
Total expenses	186,624	122,652	423,256	461,331
(Loss) income from continuing operations	(83,407)	4,340	(97,755)	(80,763)
Gain on disposition of real estate, net	32,548	31,740	82,924	30,764
Net (loss) income attributable to unconsolidated joint ventures	$ (50,859)	$ 36,080	$ (14,831)	$ (49,999)

Investments in and Advances t_7

Investments in and Advances to Joint Ventures - Service Fees and Income Earned by Company's Unconsolidated Joint Ventures and Interest Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue from contracts with customers:
Total revenue from contracts with customers	$ 14,394	$ 6,499	$ 28,437	$ 23,051
Other:
Interest income	4,800	6,300	14,600	20,000
Other	700	700	1,900	2,100
Total fee and other income	11,000	13,500	36,100	45,200
Asset and Property Management Fees [Member]
Revenue from contracts with customers:
Total revenue from contracts with customers	10,501	4,660	20,982	16,851
Unconsolidated Joint Ventures [Member]
Revenue from contracts with customers:
Total revenue from contracts with customers	5,500	6,500	19,600	23,100
Unconsolidated Joint Ventures [Member] | Asset and Property Management Fees [Member]
Revenue from contracts with customers:
Total revenue from contracts with customers	4,000	4,700	14,500	16,900
Unconsolidated Joint Ventures [Member] | Development Fees and Leasing Commissions [Member]
Revenue from contracts with customers:
Total revenue from contracts with customers	$ 1,500	$ 1,800	$ 5,100	$ 6,200

Investments in and Advances t_8

Investments in and Advances to Joint Ventures - Summary of Terms For Unconsolidated Joint Ventures Investments (Detail) - BRE DDR Retail Holdings Joint Venture Acquisitions [Member] $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)ShoppingCenter	Dec. 31, 2015USD ($)ShoppingCenter	Oct. 31, 2014USD ($)ShoppingCenter
BRE DDR III [Member]
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Joint Venture Partner Formation Date Month And Year	2014-10
Common Equity Initial			$ 19.6
Preferred Investment (Principal)	$ 198.1		$ 300
Preferred Investment, Net of Reserve	$ 142.6
Properties Owned | ShoppingCenter	20		70
BRE DDR IV [Member]
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Joint Venture Partner Formation Date Month And Year	2015-12
Common Equity Initial		$ 12.9
Preferred Investment (Principal)	$ 66.7	$ 82.6
Preferred Investment, Net of Reserve	$ 56.7
Properties Owned | ShoppingCenter	5	6
BRE DDR III and IV [Member]
Schedule Of Equity Method Investments [Line Items]
Preferred Investment (Principal)	$ 264.8	$ 382.6
Preferred Investment, Net of Reserve	$ 199.3

Investment In and Advances to_3

Investment In and Advances to Affiliate - Additional Information (Detail) - Retail Value Inc. [Member] - USD ($)	Jul. 01, 2018	Sep. 30, 2018
Investments In And Advances To Affiliates [Line Items]
Receivable from affiliate consist of insurance receivable and restricted cash		$ 36,500,000
Repayment from affiliate		$ 3,100,000
Series A Preferred Stock [Member]
Investments In And Advances To Affiliates [Line Items]
Cumulative redeemable preferred shares, shares issued	1,000
Preferred stock dividend rate	0.00%
Series A Preferred Stock [Member] | Aggregate Gross Proceeds of RVI's Asset Sales Subsequent to July 1, 2018 Exceeds $2.0 Billion [Member]
Investments In And Advances To Affiliates [Line Items]
Preferred stock, value	$ 190,000,000
Maximum increase in preferred stock amount	10,000,000
Threshold limit for proceeds from sale of real estate investment property	$ 2,000,000,000
Series A Preferred Stock [Member] | To Redeem RVI Preferred Shares Upon Aggregate Dividends Payments Equalling $200 Million [Member]
Investments In And Advances To Affiliates [Line Items]
Preferred stock, redemption price	$ 1
Series A Preferred Stock [Member] | Maximum [Member] | To Redeem RVI Preferred Shares Upon Aggregate Dividends Payments Equalling $200 Million [Member]
Investments In And Advances To Affiliates [Line Items]
Preferred stock, value	$ 200,000,000

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	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 14,394	$ 6,499	$ 28,437	$ 23,051
Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	8,900		8,900
Asset and Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	10,501	4,660	20,982	16,851
Asset and Property Management Fees [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	6,500		6,500
Leasing Commissions [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,818	1,521	4,752	4,849
Leasing Commissions [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	700		700
Disposition Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,622	$ 0	1,622	$ 0
Disposition Fees [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,600		1,600
Guaranty Fee [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 100		$ 100

Other Assets, Net - Components

Other Assets, Net - Components of Other Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Intangible assets:
Total intangible assets, net	$ 88,752	$ 182,407
Other assets:
Prepaid expenses	7,286	10,806
Other assets	4,593	3,869
Deposits	4,845	5,076
Deferred charges, net	6,300	7,901
Total other assets, net	111,776	210,059
In-Place Leases, Net [Member]
Intangible assets:
Total intangible assets, net	32,087	71,809
Above-Market Leases, Net [Member]
Intangible assets:
Total intangible assets, net	7,739	14,391
Lease Origination Costs [Member]
Intangible assets:
Total intangible assets, net	4,395	10,029
Tenant Relations, Net [Member]
Intangible assets:
Total intangible assets, net	$ 44,531	$ 86,178

Other Assets, Net - Component_2

Other Assets, Net - Components of Other Assets (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Other Assets [Line Items]
Amortization expense	$ 18.1		$ 14.4	$ 28.2	$ 47
Puerto Rico [Member]
Other Assets [Line Items]
Prepaid tax assets expenses						$ 4
Retail Value Inc. [Member]
Other Assets [Line Items]
Wrote-off of prepaid tax assets to other income (expense), net		$ 4

Revolving Credit Facilities - I

Revolving Credit Facilities - Information Regarding Company's Revolving Credit Facilities (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Carrying Amount	$ 105,000	$ 0
Revolving Credit Facility [Member] | Unsecured Debt [Member] | J.P. Morgan Chase Bank, N.A. and Wells Fargo Securities, LLC [Member]
Debt Instrument [Line Items]
Carrying Amount	$ 105,000
Weighted-Average Interest Rate	3.50%
Lines of Credit Maturity Date	2021-09
Revolving Credit Facility [Member] | Unsecured Debt [Member] | PNC Bank National Association [Member]
Debt Instrument [Line Items]
Carrying Amount	$ 0
Lines of Credit Maturity Date	2021-09

Revolving Credit Facilities - A

Revolving Credit Facilities - Additional Information (Detail) - Unsecured Debt [Member] - Revolving Credit Facility [Member] - USD ($)	9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Debt Instrument [Line Items]
Covenant compliance	The Company was in compliance with these financial covenants at September 30, 2018.
LIBOR [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility	1.20%
Alternative Base Rate [Member]
Debt Instrument [Line Items]
Specified spread line of credit facility	0.20%
J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association [Member]
Debt Instrument [Line Items]
Line of credit facility competitive bid option on periodic interest rates	up to 50% of the facility
Facility fee	0.25%
Revolving credit facility maturity extension option	two six-month options to extend the maturity to September 2022 upon the Company’s request (subject to satisfaction of certain conditions)
J.P. Morgan Chase Bank, N.A., Wells Fargo Securities, LLC, Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association [Member] | Maximum [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility borrowing capacity	$ 950,000,000
Accordion feature	1,450,000,000
PNC Bank National Association [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility	20,000,000	$ 50,000,000
PNC Bank National Association [Member] | Retail Value Inc. [Member]
Debt Instrument [Line Items]
Guaranty borrowing capacity	$ 30,000,000

Indebtedness - Additional Infor

Indebtedness - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2018	Sep. 30, 2018	Sep. 30, 2017	Feb. 28, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Mortgage indebtedness		$ 185,004			$ 641,082
Repayments of senior notes		947,014	$ 958,509
Repayment of outstanding mortgage debt		$ 759,970	$ 434,240
Loan Agreement | Promissory Notes [Member]
Debt Instrument [Line Items]
Mortgage indebtedness	$ 1,350,000			$ 1,350,000
Senior Unsecured Notes with Maturity Dates Ranging from July 2018 to February 2025 [Member] | Promissory Notes [Member]
Debt Instrument [Line Items]
Repayments of senior notes	900,000
Payment on redemption of senior notes	28,400
Senior Unsecured Notes with Maturity Dates Ranging from July 2018 to February 2025 [Member] | Mortgages indebtedness [Member]
Debt Instrument [Line Items]
Repayment of outstanding mortgage debt	452,500
Repayment of unsecured term loan	$ 200,000

Indebtedness - Schedule of Prin

Indebtedness - Schedule of Principal Payments (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
2,018	$ 1,223
2,019	97,241
2,020	41,684
2,021	120,851
2,022	480,851
Thereafter	1,654,107
Long-term Debt	2,395,957
Unamortized fair market value of assumed debt	1,794
Net unamortized debt issuance costs	(12,749)
Total indebtedness	$ 2,385,002	$ 3,849,312

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Carrying amount of notes	$ 224,200		$ 297,900
Mortgage indebtedness	185,004		641,082
Interest Rate Cap [Member]
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Investment income	200
Interest Rate Cap [Member] | Mortgages indebtedness [Member]
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Mortgage indebtedness		$ 1,350,000
Level 3 [Member]
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Approximate fair value of notes	$ 224,900		$ 299,000

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Debt Instruments with Carrying Values Different than Estimated Fair Values (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes	$ 1,896,458	$ 2,810,100
Revolving Credit Facilities and term loans	303,540	398,130
Mortgage indebtedness	185,004	641,082
Total indebtedness	2,385,002	3,849,312
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes	1,890,538	2,884,272
Revolving Credit Facilities and term loans	306,206	400,119
Mortgage indebtedness	185,128	653,185
Total indebtedness	$ 2,381,872	$ 3,937,576

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2018USD ($)ft²ShoppingCenter	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Contingencies And Commitments [Line Items]
Property insurance receivable	$ 0			$ 0		$ 58,583
Rental revenues lost and not recognized			$ 6,600
Insurance proceeds related to business interruption insurance claims	$ 1,784	$ 0		$ 6,884	$ 0
Retail Value Inc. [Member] | Puerto Rico [Member]
Contingencies And Commitments [Line Items]
Number of properties owned | ShoppingCenter			12
Gross leasable area of properties owned | ft²			4,400,000
Retail Value Inc. [Member] | Puerto Rico [Member] | Loss from Catastrophes [Member]
Contingencies And Commitments [Line Items]
Number of assets sustained varying degrees of damage | ShoppingCenter			11
Estimated net book value of the property damage written-off			$ 78,800
Property insurance receivable			49,200
Remaining insurance receivable related to expenses			$ 1,200
Business interruption insurance coverage period after restoration				365 days
Retail Value Inc. [Member] | Puerto Rico [Member] | Loss from Catastrophes [Member] | Plaza Palma Real [Member]
Contingencies And Commitments [Line Items]
Number of properties owned that was severely damaged | ShoppingCenter			1
Gross leasable area of properties owned that was severely damaged | ft²			400,000

Other Comprehensive Loss - Chan

Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			$ 2,897,438
Total other comprehensive income (loss)	$ 419	$ 1,343	(61)	$ 3,046
Ending Balance	1,974,991		1,974,991
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			(2,100)
Other comprehensive loss before reclassifications			(10)
Change in cash flow hedges reclassed to earnings			351
Total other comprehensive income (loss)			341
Ending Balance	(1,759)		(1,759)
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			994
Other comprehensive loss before reclassifications			(328)
Change in cash flow hedges reclassed to earnings			0
Total other comprehensive income (loss)			(328)
Ending Balance	666		666
Total [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			(1,106)
Other comprehensive loss before reclassifications			(338)
Change in cash flow hedges reclassed to earnings			351
Total other comprehensive income (loss)			13
Ending Balance	$ (1,093)		$ (1,093)

Other Comprehensive Loss - Ch_2

Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Accumulated Other Comprehensive Income Loss [Line Items]
Change in cash flow hedges reclassed to earnings	$ (117)	$ (335)	$ (351)	$ (712)
Interest Expense [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Change in cash flow hedges reclassed to earnings			$ 400

Impairment Charges and Reserv_3

Impairment Charges and Reserves - Impairment Charges on Assets or Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Impairment Charges And Impairment Of Joint Venture Investments [Abstract]
Assets marketed for sale	$ 5,800	$ 8,500	$ 54,300	$ 49,500
Assets included in the spin-off of RVI	14,100	0	14,100	0
Reserve (adjustment) of preferred equity interests	2,201	(15,377)	4,537	60,623
Total impairment charges	22,100	(5,100)	72,900	121,000
Undeveloped Land [Member]
Impairment Charges And Impairment Of Joint Venture Investments [Abstract]
Undeveloped land	$ 0	$ 1,800	$ 0	$ 10,900

Impairment Charges and Reserv_4

Impairment Charges and Reserves - Impairment Charges Measured at Fair Value on Non-Recurring Basis (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	$ 452,700
Assets included in the spin-off of RVI, Fair Value Measurements	624,600
Preferred equity interests, Fair Value Measurements	199,300
Preferred equity interests, Total Losses	4,537	$ 60,623
Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	452,700
Assets included in the spin-off of RVI, Fair Value Measurements	624,600
Preferred equity interests, Fair Value Measurements	199,300
Long-lived assets held and used, Total Losses	54,300
Assets included in the spin-off of RVI, Total Losses	14,100
Preferred equity interests, Total Losses	4,500
Fair Value Measurements [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	0
Assets included in the spin-off of RVI, Fair Value Measurements	0
Preferred equity interests, Fair Value Measurements	0
Fair Value Measurements [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	0
Assets included in the spin-off of RVI, Fair Value Measurements	0
Preferred equity interests, Fair Value Measurements	0
Fair Value Measurements [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Fair Value Measurements	452,700
Assets included in the spin-off of RVI, Fair Value Measurements	624,600
Preferred equity interests, Fair Value Measurements	$ 199,300

Impairment Charges and Reserv_5

Impairment Charges and Reserves - Summary of Significant Unobservable Inputs (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	$ 452.7
Preferred Equity Interests, Fair Value	199.3
Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	452.7
Preferred Equity Interests, Fair Value	199.3
Level 3 [Member] | Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	452.7
Preferred Equity Interests, Fair Value	199.3
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Indicative Bid [Member] | Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	351.2
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Income Capitalization Approach [Member] | Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	$ 694.1
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Income Capitalization Approach [Member] | Fair Value Measurements [Member] | Minimum [Member] | Measurement Input Cap Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market capitalization rate	7.40%
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Income Capitalization Approach [Member] | Fair Value Measurements [Member] | Maximum [Member] | Measurement Input Cap Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market capitalization rate	9.30%
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	$ 32
Terminal capitalization rate	10.50%
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Fair Value Measurements [Member] | Measurement Input Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market capitalization rate	9.50%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Fair Value Measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Preferred Equity Interests, Fair Value	$ 199.3
NOI growth rate	1.00%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Fair Value Measurements [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Terminal capitalization rate	7.70%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Fair Value Measurements [Member] | Minimum [Member] | Measurement Input Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market capitalization rate	8.20%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Fair Value Measurements [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Terminal capitalization rate	8.50%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Fair Value Measurements [Member] | Maximum [Member] | Measurement Input Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Market capitalization rate	8.90%

Earnings Per Share - Computatio

Earnings Per Share - Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net (Loss) Income from Continuing Operations and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Loss from continuing operations	$ (8,816)	$ (43,060)	$ (104,865)	$ (149,936)
Plus: Gain on disposition of real estate	124	44,291	39,643	127,017
Income attributable to non-controlling interests, net	(239)	(248)	(1,191)	(728)
Less: Preferred dividends	(8,382)	(8,383)	(25,148)	(20,376)
Less: Earnings attributable to unvested shares and operating partnership units	(119)	(241)	(971)	(743)
Net loss attributable to common shareholders after allocation to participating securities	$ (17,432)	$ (7,641)	$ (92,532)	$ (44,766)
Denominators – Number of Shares
Basic and Diluted—Average shares outstanding	184,655	183,843	184,616	183,519
Loss Per Share:
Basic and Diluted	$ (0.09)	$ (0.04)	$ (0.50)	$ (0.24)

Segment Information - Summary o

Segment Information - Summary of Information about Company's Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Lease revenue and other property revenue	$ 129,701	$ 220,925	$ 542,242	$ 680,981
Revenue from contracts with customers	14,394	6,499	28,437	23,051
Total revenue from operations	144,095	227,424	570,679	704,032
Rental operation expenses	(39,597)	(62,544)	(169,185)	(202,536)
Net operating income	104,498	164,880	401,494	501,496
Impairment charges	(19,890)	(10,284)	(68,394)	(60,353)
Depreciation and amortization	(49,629)	(85,210)	(196,515)	(266,370)
Interest income	5,055	6,807	15,412	22,365
Other income (expense), net	(1,454)	(64,340)	(99,316)	(65,298)
Unallocated expenses	(42,432)	(69,012)	(161,879)	(217,493)
Hurricane property credit (loss) and impairment loss, net	157	(6,089)	(817)	(6,089)
Equity in net (loss) income of joint ventures	(2,920)	4,811	9,687	2,429
(Reserve) Adjustment of preferred equity interests, net	(2,201)	15,377	(4,537)	(60,623)
Loss from continuing operations	(8,816)	(43,060)	(104,865)	(149,936)
Total gross real estate assets	5,171,227	8,697,077	5,171,227	8,697,077
Notes receivable, net	19,670	19,591	19,670	19,591	$ 19,675
Operating Segments | Shopping Center
Segment Reporting Information [Line Items]
Lease revenue and other property revenue	127,903	220,910	540,415	680,938
Revenue from contracts with customers	14,394	6,499	28,437	23,051
Total revenue from operations	142,297	227,409	568,852	703,989
Rental operation expenses	(39,597)	(62,547)	(169,185)	(202,526)
Net operating income	102,700	164,862	399,667	501,463
Impairment charges	(19,890)	(10,284)	(68,394)	(60,353)
Depreciation and amortization	(49,629)	(85,210)	(196,515)	(266,370)
Hurricane property credit (loss) and impairment loss, net		(6,089)	(974)	(6,089)
Equity in net (loss) income of joint ventures	(2,920)	4,811	9,687	2,429
Total gross real estate assets	5,171,227	8,697,077	5,171,227	8,697,077
Operating Segments | Loan Investments
Segment Reporting Information [Line Items]
Lease revenue and other property revenue	14	15	43	43
Revenue from contracts with customers	0	0	0	0
Total revenue from operations	14	15	43	43
Rental operation expenses	0	3	0	(10)
Net operating income	14	18	43	33
Interest income	5,055	6,807	15,412	22,365
(Reserve) Adjustment of preferred equity interests, net	(2,201)	15,377	(4,537)	(60,623)
Notes receivable, net	223,748	346,888	223,748	346,888
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Lease revenue and other property revenue	1,784		1,784
Total revenue from operations	1,784		1,784
Net operating income	1,784		1,784
Other income (expense), net	(1,454)	(64,340)	(99,316)	(65,298)
Unallocated expenses	(42,432)	(69,012)	(161,879)	(217,493)
Hurricane property credit (loss) and impairment loss, net	157		157
Notes receivable, net	$ (204,078)	$ (327,297)	$ (204,078)	$ (327,297)