SITE Centers (SITC) 10-Q 5 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 29, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	SITC
Entity File Number	1-11690
Entity Tax Identification Number	341723097
Entity Address, Address Line One	3300 Enterprise Parkway
Entity Address, City or Town	Beachwood
Entity Address, Postal Zip Code	44122
City Area Code	216
Local Phone Number	755-5500
Entity Address, State or Province	OH
Entity Registrant Name	SITE Centers Corp.
Entity Central Index Key	0000894315
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		180,561,816

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Land	$ 861,438	$ 873,548
Buildings	3,217,382	3,251,030
Fixtures and tenant improvements	461,187	448,371
Total real estate rental property	4,540,007	4,572,949
Less: Accumulated depreciation	(1,231,448)	(1,172,357)
Real estate rental property, net	3,308,559	3,400,592
Construction in progress and land	72,124	54,917
Total real estate assets, net	3,380,683	3,455,509
Investments in and advances to joint ventures, net	340,881	329,623
Investment in and advances to affiliate	223,759	223,985
Cash and cash equivalents	9,421	11,087
Restricted cash	1,744	2,563
Accounts receivable	63,935	67,335
Other assets, net	122,319	116,229
Total assets	4,142,742	4,206,331
Unsecured indebtedness:
Senior notes, net	1,646,985	1,646,007
Term loan, net	49,698	49,655
Revolving credit facilities	75,000	100,000
Total unsecured indebtedness	1,771,683	1,795,662
Mortgage indebtedness, net	87,192	88,743
Total indebtedness	1,858,875	1,884,405
Accounts payable and other liabilities	211,975	203,662
Dividends payable	44,641	45,262
Total liabilities	2,115,491	2,133,329
Commitments and contingencies
SITE Centers Equity
Common shares, with par value, $0.10 stated value; 300,000,000 shares authorized; 184,717,977 and 184,711,545 shares issued at June 30, 2019 and December 31, 2018, respectively	18,472	18,471
Additional paid-in capital	5,546,407	5,544,220
Accumulated distributions in excess of net income	(4,016,360)	(3,980,151)
Deferred compensation obligation	8,046	8,193
Accumulated other comprehensive loss	(769)	(1,381)
Less: Common shares in treasury at cost: 4,481,766 and 3,373,114 shares at June 30, 2019 and December 31, 2018, respectively	(56,659)	(44,278)
Total SITE Centers shareholders' equity	2,024,137	2,070,074
Non-controlling interests	3,114	2,928
Total equity	2,027,251	2,073,002
Total liabilities and equity	4,142,742	4,206,331
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	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Common shares, par value	$ 0.10	$ 0.10
Common shares, shares authorized	300,000,000	300,000,000
Common shares, shares issued	184,717,977	184,711,545
Treasury at cost	4,481,766	3,373,114
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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues from operations:
Rental income	$ 112,274	$ 200,002	$ 224,495	$ 403,768
Fee and other income	16,383	8,414	35,184	17,716
Business interruption income	0	3,100	0	5,100
Total revenue from operations	128,657	211,516	259,679	426,584
Rental operation expenses:
Operating and maintenance	18,743	34,060	37,584	67,087
Real estate taxes	17,798	30,478	35,541	62,501
Impairment charges	0	18,060	620	48,504
Hurricane property loss	0	224	0	974
General and administrative	14,932	17,276	29,044	30,121
Depreciation and amortization	40,060	72,462	82,668	146,886
Total rental operation expenses	91,533	172,560	185,457	356,073
Other income (expense):
Interest income	4,521	5,016	9,042	10,357
Interest expense	(21,087)	(44,913)	(42,813)	(88,953)
Other income (expense), net	(85)	(36,255)	68	(97,862)
Total other income (expense)	(16,651)	(76,152)	(33,703)	(176,458)
Income (loss) before earnings from equity method investments and other items	20,473	(37,196)	40,519	(105,947)
Equity in net income of joint ventures	1,791	3,821	2,834	12,607
(Reserve) adjustment of preferred equity interests, net	(4,634)	1,625	(5,733)	(2,336)
Gain on disposition of real estate, net	213	29,508	16,590	39,519
Income (loss) before tax expense	17,843	(2,242)	54,210	(56,157)
Tax expense of taxable REIT subsidiaries and state franchise and income taxes	(306)	(391)	(578)	(373)
Net income (loss)	17,537	(2,633)	53,632	(56,530)
Income attributable to non-controlling interests, net	(260)	(696)	(565)	(952)
Net income (loss) attributable to SITE Centers	17,277	(3,329)	53,067	(57,482)
Preferred dividends	(8,383)	(8,383)	(16,766)	(16,766)
Net income (loss) attributable to common shareholders	$ 8,894	$ (11,712)	$ 36,301	$ (74,248)
Per share data:
Basic	$ 0.05	$ (0.07)	$ 0.20	$ (0.41)
Diluted	$ 0.05	$ (0.07)	$ 0.20	$ (0.41)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 17,537	$ (2,633)	$ 53,632	$ (56,530)
Other comprehensive income (loss):
Foreign currency translation, net	191	(314)	378	(713)
Change in fair value of interest-rate contracts	0	(4)	0	(1)
Change in cash flow hedges reclassed to earnings	117	117	234	234
Total other comprehensive income (loss)	308	(201)	612	(480)
Comprehensive income (loss)	17,845	(2,834)	54,244	(57,010)
Total comprehensive income attributable to non-controlling interests	(260)	(641)	(565)	(823)
Total comprehensive income (loss) attributable to SITE Centers	$ 17,585	$ (3,475)	$ 53,679	$ (57,833)

CONSOLIDATED STATEMENT OF EQUIT

CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Thousands	Total	Preferred Shares [Member]	Common Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Distributions in Excess of Net Income [Member]	Deferred Compensation Obligation [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock at Cost [Member]	Non-Controlling Interests [Member]
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	5,865	0	41	5,824	0	0	0	0	0
Stock-based compensation, net	2,785	0	0	3,015	0	(1,109)	0	879	0
Distributions to non-controlling interests	(193)	0	0	0	0	0	0	0	(193)
Redemption of OP Units	(709)	0	0	880	0	0	0	0	(1,589)
Dividends declared-common shares	(70,304)	0	0	0	(70,304)	0	0	0	0
Dividends declared-preferred shares	(8,383)	0	0	0	(8,383)	0	0	0	0
Comprehensive (loss) income	(54,176)	0	0	0	(54,153)	0	(205)	0	182
Balance at Mar. 31, 2018	2,772,323	525,000	18,467	5,540,968	(3,315,974)	7,668	(1,311)	(7,401)	4,906
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
Comprehensive (loss) income	(57,010)
Balance at Jun. 30, 2018	2,692,338	525,000	18,465	5,543,006	(3,397,993)	7,718	(1,457)	(7,304)	4,903
Balance at Mar. 31, 2018	2,772,323	525,000	18,467	5,540,968	(3,315,974)	7,668	(1,311)	(7,401)	4,906
Issuance of common shares related to stock plans	65	0	(2)	67	0	0	0	0	0
Stock-based compensation, net	2,118	0	0	1,971	0	50	0	97	0
Distributions to non-controlling interests	(644)	0	0	0	0	0	0	0	(644)
Dividends declared-common shares	(70,307)	0	0	0	(70,307)	0	0	0	0
Dividends declared-preferred shares	(8,383)	0	0	0	(8,383)	0	0	0	0
Comprehensive (loss) income	(2,834)	0	0	0	(3,329)	0	(146)	0	641
Balance at Jun. 30, 2018	2,692,338	525,000	18,465	5,543,006	(3,397,993)	7,718	(1,457)	(7,304)	4,903
Balance at Dec. 31, 2018	2,073,002	525,000	18,471	5,544,220	(3,980,151)	8,193	(1,381)	(44,278)	2,928
Issuance of common shares related to stock plans	32	0	1	31	0	0	0	0	0
Repurchase of common shares	(14,069)	0	0	0	0	0	0	(14,069)	0
Stock-based compensation, net	2,449	0	0	1,044	0	(239)	0	1,644	0
Distributions to non-controlling interests	(212)	0	0	0	0	0	0	0	(212)
Dividends declared-common shares	(36,252)	0	0	0	(36,252)	0	0	0	0
Dividends declared-preferred shares	(8,383)	0	0	0	(8,383)	0	0	0	0
Comprehensive (loss) income	36,399	0	0	0	35,790	0	304	0	305
Balance at Mar. 31, 2019	2,052,966	525,000	18,472	5,545,295	(3,988,996)	7,954	(1,077)	(56,703)	3,021
Balance at Dec. 31, 2018	2,073,002	525,000	18,471	5,544,220	(3,980,151)	8,193	(1,381)	(44,278)	2,928
Comprehensive (loss) income	54,244
Balance at Jun. 30, 2019	2,027,251	525,000	18,472	5,546,407	(4,016,360)	8,046	(769)	(56,659)	3,114
Balance at Mar. 31, 2019	2,052,966	525,000	18,472	5,545,295	(3,988,996)	7,954	(1,077)	(56,703)	3,021
Issuance of common shares related to stock plans	(32)	0	0	(32)	0	0	0	0	0
Stock-based compensation, net	1,280	0	0	1,144	0	92	0	44	0
Distributions to non-controlling interests	(167)	0	0	0	0	0	0	0	(167)
Dividends declared-common shares	(36,258)	0	0	0	(36,258)	0	0	0	0
Dividends declared-preferred shares	(8,383)	0	0	0	(8,383)	0	0	0	0
Comprehensive (loss) income	17,845	0	0	0	17,277	0	308	0	260
Balance at Jun. 30, 2019	$ 2,027,251	$ 525,000	$ 18,472	$ 5,546,407	$ (4,016,360)	$ 8,046	$ (769)	$ (56,659)	$ 3,114

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flow from operating activities:
Net income (loss)	$ 53,632	$ (56,530)
Adjustments to reconcile net income (loss) to net cash flow provided by operating activities:
Depreciation and amortization	82,668	146,886
Stock-based compensation	5,792	4,722
Amortization and write-off of debt issuance costs and fair market value of debt adjustments	1,873	14,235
Loss on extinguishment of debt	0	49,016
Equity in net income of joint ventures	(2,834)	(12,607)
Reserve of preferred equity interests, net	5,733	2,336
Operating cash distributions from joint ventures	4,510	3,768
Gain on disposition of real estate, net	(16,590)	(39,519)
Impairment charges	620	48,504
Cash paid for interest rate hedging activities	0	(4,538)
Assumption of building due to ground lease termination	0	(2,150)
Change in notes receivable accrued interest	251	968
Net change in accounts receivable	833	(1,747)
Net change in accounts payable and accrued expenses	(7,309)	13,805
Net change in other operating assets and liabilities	(8,970)	(5,394)
Total adjustments	66,577	218,285
Net cash flow provided by operating activities	120,209	161,755
Cash flow from investing activities:
Real estate developed and improvements to operating real estate	(44,348)	(68,108)
Proceeds from disposition of real estate	71,145	301,545
Hurricane property insurance advance proceeds	0	20,193
Equity contributions to joint ventures	(46,983)	(108)
Distributions from unconsolidated joint ventures	14,552	25,141
Repayment of joint venture advances	14,066	46,400
Net cash flow provided by investing activities	8,432	325,063
Cash flow from financing activities:
(Repayment of) proceeds from revolving credit facilities, net	(25,000)	45,000
Repayment of senior notes	0	(924,751)
Repayment of term loan and mortgage debt	(1,093)	(758,937)
Payment of debt issuance costs	0	(32,825)
Proceeds from mortgage payable	0	1,350,000
(Repurchase) issuance of common shares in conjunction with equity award plans and dividend reinvestment plan	(685)	5,148
Repurchase of common shares	(14,069)	0
Redemption of operating partnership units	0	(736)
Distributions to non-controlling interests and redeemable operating partnership units	(380)	(406)
Dividends paid	(89,898)	(157,236)
Net cash flow used for financing activities	(131,125)	(474,743)
Effect of foreign exchange rate changes on cash and cash equivalents	(1)	(2)
Net (decrease) increase in cash, cash equivalents and restricted cash	(2,484)	12,075
Cash, cash equivalents and restricted cash, beginning of period	13,650	94,724
Cash, cash equivalents and restricted cash, end of period	$ 11,165	$ 106,797

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	6 Months Ended
	Jun. 30, 2019
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. 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 tenants. Consequently, the Company’s credit risk is concentrated in the retail industry. 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 six months ended June 30, 2019 and 2018, 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, 2018 . 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 $172.0 million and $192.2 million as of June 30, 2019 and December 31, 2018, respectively. Reclassifications Certain amounts in prior periods have been reclassified in order to conform with the current period’s presentation. The Company reclassified $2.9 million and $6.2 million of costs for the three and six months ended June 30, 2018, respectively, on its consolidated statements of operations related to property management and services of the Company’s operating properties from General and Administrative to Operating and Maintenance. In addition, the Company also reclassified $6.3 million and $10.0 million of contractual lease payments from Fee and Other Income to Rental Income within total revenues on its consolidated statements of operations for the three and six months ended June 30, 2018, respectively, in connection with the adoption of Accounting Standards Update (“ASU”) No. 2016-02— Leases Topic 842” 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): Six Months Ended June 30, 2019 2018 Dividends declared, but not paid $ 44.6 $ 78.7 Accounts payable related to construction in progress 14.3 16.7 Assumption of building due to ground lease termination — 2.2 Receivable and reduction of real estate assets, net - related to hurricane — 7.8 Conversion of Operating Partnership Units — 0.9 Common Shares The Company declared common share dividends of $0.20 per share and $0.38 per share for the three months ended June 30, 2019 and 2018, respectively, and $0.40 per share and $0.76 per share for the six months ended June 30, 2019 and 2018, respectively. New Accounting Standard Adopted Accounting for Leases The Company adopted Topic 842, as of January 1, 2019, using the modified retrospective approach by applying the transition provisions at the beginning of the period of adoption. T • The package of practical expedients, which among other things, allowed the Company to carry forward the historical lease classification; • Land easements, allowing the Company to carry forward the accounting treatment for land easements on existing agreements and • To not separate lease and non-lease components for all leases and recording the combined component based on its predominant characteristics as rental income or expense. The Company did not adopt the practical expedient to use hindsight in determining the lease term. The Company made the following accounting policy elections in connection with the adoption: • As a lessee — the short-term lease exception for the Company’s office leases; • As a lessor — to include operating lease liabilities in the asset group and include the associated operating lease payments in the undiscounted cash flows when considering recoverability of a long-lived asset group and • As a lessor — to exclude from lease payments taxes assessed by a governmental authority that are both imposed on and concurrent with lease revenue producing activity and collected by the lessor from the lessee (i.e., sales tax). Upon adoption of the standard, the Company’s consolidated financial statements were impacted as follows: • The Company had ground lease agreements in which the Company is the lessee for land beneath all or a portion of the buildings at three shopping centers and three additional leases where the Company is the lessee (Note 6), where the Company has recorded its rights and obligations under these leases as a right-of-use (“ROU”) asset and lease liability, which is included in Other Assets and Accounts Payable and Other Liabilities, respectively, in the consolidated balance sheet. Previously, the Company accounted for these arrangements as operating leases. These leases will continue to be classified as operating leases due to the election of the package practical expedients. The Company recorded ROU assets and lease liabilities of approximately $22.0 million and $40.3 million, respectively, as of January 1, 2019 • Previously, the Company included real estate taxes paid by a lessee directly to a third party in recoveries from tenants and real estate tax expense, on a gross basis. Upon adoption of the standard, the Company no longer records these amounts in revenue or expense as the standard precludes the Company from recording payments made directly by the lessee. In addition, on January 1, 2019, the Company reversed $1.7 million of real estate taxes paid by certain major tenants previously reflected in Accounts Receivable and Accounts Payable and Other Liabilities on the Company’s consolidated balance sheet as of December 31, 2018 • Upon adoption of the practical expedient with regards to not separating lease and non-lease components, where applicable, the Company has prospectively recorded, on a straight-line basis, lease payments associated with fixed expense reimbursements. • The adoption of this standard did not materially impact the Company’s consolidated net income or consolidated cash flows. The adoption of the new standard also resulted in various presentation changes in the Company’s consolidated statements of operations. The Company aggregated the following components of contractual lease payments into one line item referred to as Rental Income which includes Minimum Rents, Percentage and Overage Rents, Recoveries from Tenants, Ancillary Income and Lease Termination Fees. The prior period presentation was conformed to the current period presentation for comparability related to these revenue components. In addition, effective January 1, 2019, the Company presents bad debt as a component of Rental Income within Revenues. For prior periods, bad debt is included in Operating and Maintenance Expenses. In addition, effective January 1, 2019, the Company no longer records real estate taxes paid by major tenants directly to the applicable governmental authority. For prior periods, these amounts are included in Recoveries from Tenants and Real Estate Taxes. New Accounting Standard to Be Adopted Accounting for Credit Losses In June 2016, the Financial Accounting Standards Board (the “FASB”) issued an amendment on measurement of credit losses on financial assets held by a reporting entity at each reporting date (ASU 2016-13, Financial Instruments – Credit Losses

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenue Recognition	2. Revenue Recognition Rental Income Rental Income on the consolidated statements of operations includes contractual lease payments that generally include the following: • Fixed lease payments, which include fixed payments associated with expense reimbursements from tenants for common area maintenance, taxes and insurance from tenants in shopping centers, are recognized on a straight-line basis over the non-cancelable term of the lease, which generally ranges from one month to 30 years, and include the effects of applicable rent steps and abatements. • Variable lease payments, which include percentage and overage income, which are recognized after a tenant’s reported sales have exceeded the applicable sales breakpoint set forth in the applicable lease. • Variable lease payments associated with expense reimbursements from tenants for common area maintenance, taxes, insurance and other property operating expenses, based upon the tenant’s lease provisions, which are recognized in the period the related expenses are incurred. • Lease termination payments, which are recognized upon the effective termination of a tenant’s lease when the Company has no further obligations under the lease. • Ancillary and other property-related rental payments, primarily composed of leasing vacant space to temporary tenants, kiosk income, and parking income, which are recognized in the period earned. Upon adoption of Topic 842, Rental Income for the periods beginning on or after January 1, 2019, has been reduced for amounts the Company believes are not probable of being collected. Fee and O ther I ncome Fee and Other Income on the consolidated statements of operations includes revenue from contracts with customers and other property-related income, primarily composed of theater income, is recognized in the period earned as follows (in thousands): Three Months Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Revenue from contracts: Asset and property management fees $ 11,110 $ 4,886 $ 22,641 $ 10,482 Leasing commissions 1,381 1,312 2,880 2,934 Development fees 392 303 945 628 Disposition fees 1,515 — 2,717 — Credit facility guaranty and refinancing fees — — 1,800 — Total revenue from contracts with customers 14,398 6,501 30,983 14,044 Other property income: Other 1,985 1,913 4,201 3,672 Total fee and other income $ 16,383 $ 8,414 $ 35,184 $ 17,716

Investments in and Advances to

Investments in and Advances to Joint Ventures	6 Months Ended
	Jun. 30, 2019
Equity Method Investments And Joint Ventures [Abstract]
Investments in and Advances to Joint Ventures	3. Investments in and Advances to Joint Ventures At June 30, 2019 and December 31, 2018, the Company had ownership interests in various unconsolidated joint ventures that had an investment in 102 and 106 shopping center properties, respectively. Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands): June 30, 2019 December 31, 2018 Condensed Combined Balance Sheets Land $ 958,904 $ 1,004,289 Buildings 2,705,984 2,804,027 Fixtures and tenant improvements 227,616 221,412 3,892,504 4,029,728 Less: Accumulated depreciation (943,915 ) (935,921 ) 2,948,589 3,093,807 Construction in progress and land 52,375 56,498 Real estate, net 3,000,964 3,150,305 Cash and restricted cash 84,623 94,111 Receivables, net 38,091 44,702 Other assets, net 175,882 186,693 $ 3,299,560 $ 3,475,811 Mortgage debt $ 1,844,589 $ 2,212,503 Notes and accrued interest payable to the Company 6,216 5,182 Other liabilities 152,840 161,372 2,003,645 2,379,057 Redeemable preferred equity – (A) 263,222 274,493 Accumulated equity 1,032,693 822,261 $ 3,299,560 $ 3,475,811 Company's share of accumulated equity $ 176,261 $ 145,786 Redeemable preferred equity, net (B) 170,313 189,891 Basis differentials (9,484 ) (8,536 ) Deferred development fees, net of portion related to the Company's interest (2,425 ) (2,700 ) Amounts payable to the Company 6,216 5,182 Investments in and Advances to Joint Ventures, net $ 340,881 $ 329,623 (A) Includes PIK that has accrued since March 2017 of $14.8 million and $12.2 million, which was fully reserved by the Company at June 30, 2019 and December 31, 2018, respectively. (B) Amount is net of the valuation allowance of $78.2 million and $72.4 million and the fully reserved PIK of $14.8 million and $12.2 million at June 30, 2019 and December 31, 2018, respectively. Three Months Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Condensed Combined Statements of Operations Revenues from operations (A) $ 105,580 $ 107,759 $ 214,683 $ 222,284 Expenses from operations: Operating expenses 30,482 32,314 60,543 66,695 Impairment charges — — 12,267 16,910 Depreciation and amortization 36,969 37,299 76,473 76,976 Interest expense 25,286 24,946 50,942 49,189 Preferred share expense 5,484 6,317 10,943 12,825 Other (income) expense, net 5,885 6,616 11,341 14,037 104,106 107,492 222,509 236,632 Income (loss) before gain on disposition of real estate 1,474 267 (7,826 ) (14,348 ) (Loss) gain on disposition of real estate, net (321 ) 12,356 15,645 50,376 Net income attributable to unconsolidated joint ventures $ 1,153 $ 12,623 $ 7,819 $ 36,028 Company's share of equity in net income of joint ventures $ 1,602 $ 3,506 $ 2,447 $ 11,979 Basis differential adjustments (B) 189 315 387 628 Equity in net income of joint ventures $ 1,791 $ 3,821 $ 2,834 $ 12,607 (A) Revenue from operations is subject to leasing or other standards. (B) The difference between the Company’s share of net income, as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, 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. Revenues earned by the Company 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 (as defined below) are as follows (in millions): Three Months Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Revenue from contracts: Asset and property management fees $ 4.8 $ 4.9 $ 10.1 $ 10.5 Development fees, leasing commissions and other 1.1 1.6 2.5 3.5 Total revenue from contracts with customers 5.9 6.5 12.6 14.0 Other: Interest income 4.2 4.8 8.4 9.8 Other 0.8 0.7 1.5 1.2 Total fee and other income $ 10.9 $ 12.0 $ 22.5 $ 25.0 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. 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’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 (“PIK”) distribution . B lackstone 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 . The Preferred investments are summarized as follows (in millions, except properties owned): Preferred Investment (Principal) Properties Owned Formation Initial June 30, 2019 Valuation Allowance Net of Reserve Inception June 30, 2019 BRE DDR III 2014 $ 300.0 $ 180.2 $ (71.5 ) $ 108.7 70 14 BRE DDR IV 2015 82.6 64.1 (6.7 ) 57.4 6 5 $ 382.6 $ 244.3 $ (78.2 ) $ 166.1 The Company reassessed the aggregate valuation allowance at June 30, 2019, with respect to its preferred investments in the BRE DDR Joint Ventures. 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 $4.6 million and $5.7 million for the three and six months ended June 30, 2019, respectively, resulting in a net valuation allowance of $78.2 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. Disposition of Shopping Centers From January 1, 2019 to June 30, 2019, the Company’s joint ventures sold four shopping centers for $128.2 million, of which the Company’s share of the gain on sale was $1.5 million.

Investment in and Advances to A

Investment in and Advances to Affiliate	6 Months Ended
	Jun. 30, 2019
Investments In And Advances To Affiliates [Abstract]
Investment in and Advances to Affiliate	4 . Investment in and Advances to Affiliate The Company has a preferred investment in Retail Value Inc. (“RVI”) of $190.0 million and receivables from RVI of $33.8 million at June 30, 2019, primarily consisting of restricted cash and insurance premiums owed by RVI pursuant to the terms of the agreement governing the separation of RVI from the Company, which occurred on July 1, 2018. Revenue from contracts with RVI is included in Fee and Other Income on the consolidated statements of operations and was composed of the following (in millions): Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Asset and property management fees $ 5.8 $ 11.6 Leasing commissions 0.7 1.4 Disposition fees 1.5 2.6 Credit facility guaranty and refinancing fees — 1.8 Total revenue from contracts with RVI $ 8.0 $ 17.4

Other Assets, net

Other Assets, net	6 Months Ended
	Jun. 30, 2019
Other Assets [Abstract]
Other Assets, Net	5 . Other Assets, net Other Assets, Net on the Company’s consolidated balance sheets consists of the following (in thousands): June 30, 2019 December 31, 2018 Intangible assets: In-place leases, net $ 24,411 $ 30,703 Above-market leases, net 4,178 6,833 Lease origination costs 3,328 4,045 Tenant relations, net 30,215 35,838 Total intangible assets, net (A) 62,132 77,419 Operating lease ROU assets (B) 21,961 — Notes receivable 19,670 19,675 Other assets: Prepaid expenses 6,731 5,372 Other assets 3,023 3,612 Deposits 4,102 4,384 Deferred charges, net 4,700 5,767 Total other assets, net $ 122,319 $ 116,229 (A) The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $4.3 million and $10.1 million for the three months ended June 30, 2019 and 2018, respectively, and $9.3 million and $22.0 million for the six months ended June 30, 2019 and 2018, respectively. (B) Operating lease ROU assets are discussed further in Notes 1 and 6.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	6 . Leases Lessee The Company is engaged in the operation of shopping centers that are either owned or, with respect to certain shopping centers, operated under long-term ground leases that expire at various dates through 2070. The Company also leases office space in the ordinary course of business under lease agreements that expire at various dates through 2029. Certain of the lease agreements include variable payments for reimbursement of common area expenses. The Company determines if an arrangement is a lease at inception. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not include an implicit rate, the Company used its incremental borrowing rate based on the information available at the commencement date of the standard in determining the present value of lease payments. For each lease, the Company utilized a market-based approach to estimate the incremental borrowing rate (“IBRs”), which required significant judgment. The Company estimated base IBRs based on an analysis of (i) yields on the Company’s outstanding public debt, as well as comparable companies, (ii) observable mortgage rates and (iii) unlevered property yields and discount rates. The Company applied adjustments to the base IBRs to account for full collateralization and lease term. Operating lease ROU assets also include any lease payments made. The Company has options to extend certain of the ground and office leases; however, these options were not considered as part of the lease term when calculating the lease liability, as they were not reasonably certain to be exercised. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Operating lease ROU assets and operating lease liabilities are in the Company’s consolidated balance sheet as follows (in thousands): Classification June 30, 2019 Operating Lease ROU Assets Other Assets, Net $ 21,961 Operating Lease Liabilities Accounts Payable and Other Liabilities $ 40,691 Operating lease expenses, including straight-line expense, are included in Operating and Maintenance Expense for the Company’s ground leases and General and Administrative for its office leases are as follows (in thousands): Three Months Ended Six Months Ended Classification June 30, 2019 June 30, 2019 Operating and Maintenance $ 1,017 $ 2,035 General and Administrative (A) 501 1,213 Total lease costs $ 1,518 $ 3,248 (A) Includes short-term leases and variable lease costs, which are immaterial. Supplemental balance sheet information related to leases was as follows: June 30, 2019 Weighted-Average Remaining Lease Term 35.8 years Weighted-Average Discount Rate 7.32 % Cash paid for amounts included in the measurement — operating cash flows from lease liabilities (in thousands) $ 1,338 As determined under FASB Accounting Standards Codification (“ASC”) 840, Leases, Year Minimum Rental Revenues Minimum Rental Payments 2019 $ 306,740 $ 3,253 2020 279,374 4,070 2021 243,379 4,080 2022 202,371 3,928 2023 150,909 3,417 Thereafter 417,296 120,825 $ 1,600,069 $ 139,573 As determined under Topic 842, maturities of lease liabilities were as follows for the 12-month periods ending June 30, (in thousands): Year June 30, 2020 $ 4,019 2021 4,146 2022 4,159 2023 3,657 2024 3,519 Thereafter 119,092 Total lease payments 138,592 Less imputed interest (97,901 ) Total $ 40,691 Lessor Space in the shopping centers is leased to tenants pursuant to agreements that provide for terms generally ranging from one month to 30 years and for rents which, in some cases, are subject to upward adjustments based on operating expense levels, sales volume or contractual increases as defined in the lease agreements. The scheduled future minimum rental income from rental properties under the terms of all non-cancelable tenant leases, assuming no new or renegotiated leases or option extensions as determined under Topic 842 for such premises for the 12-month periods ending June 30, were as follows (in thousands): Year Ending June 30, 2020 $ 311,098 2021 284,858 2022 246,452 2023 198,268 2024 149,083 Thereafter 425,779 Total $ 1,615,538

Revolving Credit Facilities

Revolving Credit Facilities	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Revolving Credit Facilities	7 . Revolving Credit Facilities The following table discloses certain information regarding the Company’s Revolving Credit Facilities (as defined below) (in millions): Carrying Amount at June 30, 2019 Weighted-Average Interest Rate (A) at June 30, 2019 Maturity Date Unsecured Credit Facility $ 75.0 3.6% September 2021 PNC Facility — N/A September 2021 (A) Interest rate on variable-rate debt was calculated using the base rate and spreads effective at June 30, 2019. 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 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. Prior to its extension in July 2019 (as described below), the Unsecured Credit Facility was scheduled to mature in September 2021 with two six-month extension options subject to the Company’s satisfaction of certain conditions. 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 June 30, 2019. The Company also maintains a $20 million unsecured revolving credit facility with PNC Bank, National Association (“PNC”, the “PNC Facility” and, 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 June 30, 2019) or the Alternative Base Rate, plus a specified spread (0.20% at June 30, 2019), 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., 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 June 30, 2019. In July 2019, the Company amended the Unsecured Credit Facility to extend its maturity date to January 2024 and reduce its overall interest rate (Note 13).

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	8 . Fair Value Measurements The Company utilized the methods and assumptions described below in estimating fair value disclosures of 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. The carrying values and the estimated fair values are summarized as follows (in thousands): June 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Senior Notes $ 1,646,985 $ 1,727,047 $ 1,646,007 $ 1,639,827 Revolving Credit Facilities and term loans 124,698 126,167 149,655 150,533 Mortgage Indebtedness 87,192 89,087 88,743 89,228 $ 1,858,875 $ 1,942,301 $ 1,884,405 $ 1,879,588

Other Comprehensive Loss

Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Other Comprehensive Loss	9 . 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, 2018 $ (1,641 ) $ 260 $ (1,381 ) Other comprehensive income before reclassifications — 378 378 Change in cash flow hedges reclassed to earnings (A) 234 — 234 Net current-period other comprehensive income 234 378 612 Balance, June 30, 2019 $ (1,407 ) $ 638 $ (769 ) (A) Amortization classified in Interest Expense in the Company’s consolidated statement of operations for the six months ended June 30, 2019, which was previously recognized in Accumulated Other Comprehensive Loss.

Impairment Charges and Reserves

Impairment Charges and Reserves	6 Months Ended
	Jun. 30, 2019
Asset Impairment Charges [Abstract]
Impairment Charges and Reserves	10 . 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 Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Assets marketed for sale (A) $ — $ — $ 0.6 $ — Assets included in the spin-off of RVI (B) — 18.1 — 48.5 Reserve (adjustment) of preferred equity interests (C) 4.6 (1.6 ) 5.7 2.3 Total impairment charges $ 4.6 $ 16.5 $ 6.3 $ 50.8 (A) The impairment recorded during the six months ended June 30, 2019, was triggered by an indicative bid received. (B) In 2018, charges were triggered by indicative bids received and changes in market assumptions due to the disposition process beginning in 2017. (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 and reserves on both financial and nonfinancial assets that were measured on a fair value basis for the six months ended June 30, 2019. 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 Impairment Charges June 30, 2019 Long-lived assets held and used $ — $ — $ 0.8 $ 0.8 $ 0.6 Preferred equity interests — — 166.1 166.1 5.7 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 Description June 30, 2019 Valuation Technique Unobservable Inputs Range Impairment of consolidated assets $ 0.8 Indicative Bid (A) Indicative Bid (A) N/A Reserve of preferred equity interests 166.1 Discounted Cash Flow Discount Rate 8.7%-8.8% Terminal Capitalization Rate 8.2%-8.6% 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	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	11 . Earnings Per Share The following table provides a reconciliation of net income (loss) 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). Three Months Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Numerators – Basic and Diluted Net income (loss) $ 17,537 $ (2,633 ) $ 53,632 $ (56,530 ) Plus: Income attributable to non-controlling interests (260 ) (696 ) (565 ) (952 ) Less: Preferred dividends (8,383 ) (8,383 ) (16,766 ) (16,766 ) Less: Earnings attributable to unvested shares and operating partnership units (175 ) (650 ) (346 ) (852 ) Net income (loss) attributable to common shareholders after allocation to participating securities $ 8,719 $ (12,362 ) $ 35,955 $ (75,100 ) Denominators – Number of Shares Basic — 180,551 184,634 180,548 184,595 Assumed conversion of diluted securities 658 — 826 — Diluted — 181,209 184,634 181,374 184,595 Earnings (Loss) Per Share: Basic $ 0.05 $ (0.07 ) $ 0.20 $ (0.41 ) Diluted $ 0.05 $ (0.07 ) $ 0.20 $ (0.41 ) Performance Restricted Stock Units (“PRSUs”) issued in March 2019 and March 2018 were dilutive and the PRSU s issued in March 2017 were anti- dilutive in the computation of EPS for the three and six months ended June 30, 2019. PRSUs issued in March 2018 and March 2017 were not considered in the computation of diluted EPS for the three and six months ended June 30, 2018, as the calculation was anti-dilutive. For the three and six months ended June 30, 2019, the Company recorded a mark-to-market adjustment of $ 0.5 million and $ 1.4 million, respectively, in connection with the PRSUs issued in March 2017 and March 2018. Stock Repurchase Program In 2018, the Company’s Board of Directors authorized a $100 million common share repurchase program. In 2019, the Company repurchased 1.2 million shares at a cost of $14.1 million. These shares are recorded as Treasury Shares on the Company’s consolidated balance sheet.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	12 . Segment Information The tables below present information about the Company’s reportable operating segments (in thousands): Three Months Ended June 30, 2019 Shopping Centers Loan Investments Other Total Rental income $ 112,274 $ — $ 112,274 Other income 16,383 — 16,383 Total revenues 128,657 — 128,657 Rental operation expenses (36,534 ) (7 ) (36,541 ) Net operating income (loss) 92,123 (7 ) 92,116 Depreciation and amortization (40,060 ) (40,060 ) Interest income 4,521 4,521 Other income (expense), net $ (85 ) (85 ) Unallocated expenses (A) (36,019 ) (36,019 ) Equity in net income of joint ventures 1,791 1,791 Reserve of preferred equity interests, net (4,634 ) (4,634 ) Gain on disposition of real estate, net 213 213 Income before tax expense $ 17,843 Three Months Ended June 30, 2018 Shopping Centers Loan Investments Other Total Rental income $ 199,988 $ 14 $ 200,002 Other income 11,514 — 11,514 Total revenues 211,502 14 211,516 Rental operation expenses (64,538 ) — (64,538 ) Net operating income 146,964 14 146,978 Impairment charges (18,060 ) (18,060 ) Depreciation and amortization (72,462 ) (72,462 ) Interest income 5,016 5,016 Other income (expense), net $ (36,255 ) (36,255 ) Unallocated expenses (A) (62,189 ) (62,189 ) Hurricane property loss (224 ) (224 ) Equity in net income of joint ventures 3,821 3,821 Adjustment of preferred equity interests 1,625 1,625 Gain on disposition of real estate, net 29,508 29,508 Loss before tax expense $ (2,242 ) Six Months Ended June 30, 2019 Shopping Centers Loan Investments Other Total Rental income $ 224,495 $ — $ 224,495 Other income 35,155 29 35,184 Total revenues 259,650 29 259,679 Rental operation expenses (73,118 ) (7 ) (73,125 ) Net operating income 186,532 22 186,554 Impairment charges (620 ) (620 ) Depreciation and amortization (82,668 ) (82,668 ) Interest income 9,042 9,042 Other income (expense), net $ 68 68 Unallocated expenses (A) (71,857 ) (71,857 ) Equity in net income of joint ventures 2,834 2,834 Reserve of preferred equity interests, net (5,733 ) (5,733 ) Gain on disposition of real estate, net 16,590 16,590 Income before tax expense $ 54,210 As of June 30, 2019: Total gross real estate assets $ 4,612,131 $ 4,612,131 Notes receivable, net (B) $ 189,983 $ (170,313 ) $ 19,670 Six Months Ended June 30, 2018 Shopping Centers Loan Investments Other Total Rental income $ 403,739 $ 29 $ 403,768 Other income 22,816 — 22,816 Total revenues 426,555 29 426,584 Rental operation expenses (129,588 ) — (129,588 ) Net operating income 296,967 29 296,996 Impairment charges (48,504 ) (48,504 ) Depreciation and amortization (146,886 ) (146,886 ) Interest income 10,357 10,357 Other income (expense), net $ (97,862 ) (97,862 ) Unallocated expenses (A) (119,074 ) (119,074 ) Hurricane property loss (974 ) (974 ) Equity in net income of joint ventures 12,607 12,607 Reserve of preferred equity interests, net (2,336 ) (2,336 ) Gain on disposition of real estate, net 39,519 39,519 Loss before tax expense $ (56,157 ) As of June 30, 2018: Total gross real estate assets $ 7,891,867 $ 7,891,867 Notes receivable, net (B) $ 247,747 $ (228,077 ) $ 19,670 (A) Unallocated expenses consist of General and Administrative Expenses and Interest 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	13 . Subsequent Events In July 2019, the Company amended and restated its Unsecured Credit Facility to extend its maturity date to January 2024 and reduce its overall interest rate (Note 7). The Company also upsized the unsecured term loan to $100 million from $50 million and amended the interest rate applicable thereto.

Nature of Business and Financ_2

Nature of Business and Financial Statement Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature Of Business	Nature of Business SITE Centers Corp. and its related consolidated real estate subsidiaries (collectively, the “Company” or “SITE Centers”) and unconsolidated joint ventures are primarily engaged in the business of 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 tenants. 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 six months ended June 30, 2019 and 2018, 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, 2018 .
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 $172.0 million and $192.2 million as of June 30, 2019 and December 31, 2018, respectively.
Reclassifications	Reclassifications Certain amounts in prior periods have been reclassified in order to conform with the current period’s presentation. The Company reclassified $2.9 million and $6.2 million of costs for the three and six months ended June 30, 2018, respectively, on its consolidated statements of operations related to property management and services of the Company’s operating properties from General and Administrative to Operating and Maintenance. In addition, the Company also reclassified $6.3 million and $10.0 million of contractual lease payments from Fee and Other Income to Rental Income within total revenues on its consolidated statements of operations for the three and six months ended June 30, 2018, respectively, in connection with the adoption of Accounting Standards Update (“ASU”) No. 2016-02— Leases Topic 842”
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): Six Months Ended June 30, 2019 2018 Dividends declared, but not paid $ 44.6 $ 78.7 Accounts payable related to construction in progress 14.3 16.7 Assumption of building due to ground lease termination — 2.2 Receivable and reduction of real estate assets, net - related to hurricane — 7.8 Conversion of Operating Partnership Units — 0.9
Common Shares	Common Shares The Company declared common share dividends of $0.20 per share and $0.38 per share for the three months ended June 30, 2019 and 2018, respectively, and $0.40 per share and $0.76 per share for the six months ended June 30, 2019 and 2018, respectively.
New Accounting Standard Adopted and to be Adopted	New Accounting Standard Adopted Accounting for Leases The Company adopted Topic 842, as of January 1, 2019, using the modified retrospective approach by applying the transition provisions at the beginning of the period of adoption. T • The package of practical expedients, which among other things, allowed the Company to carry forward the historical lease classification; • Land easements, allowing the Company to carry forward the accounting treatment for land easements on existing agreements and • To not separate lease and non-lease components for all leases and recording the combined component based on its predominant characteristics as rental income or expense. The Company did not adopt the practical expedient to use hindsight in determining the lease term. The Company made the following accounting policy elections in connection with the adoption: • As a lessee — the short-term lease exception for the Company’s office leases; • As a lessor — to include operating lease liabilities in the asset group and include the associated operating lease payments in the undiscounted cash flows when considering recoverability of a long-lived asset group and • As a lessor — to exclude from lease payments taxes assessed by a governmental authority that are both imposed on and concurrent with lease revenue producing activity and collected by the lessor from the lessee (i.e., sales tax). Upon adoption of the standard, the Company’s consolidated financial statements were impacted as follows: • The Company had ground lease agreements in which the Company is the lessee for land beneath all or a portion of the buildings at three shopping centers and three additional leases where the Company is the lessee (Note 6), where the Company has recorded its rights and obligations under these leases as a right-of-use (“ROU”) asset and lease liability, which is included in Other Assets and Accounts Payable and Other Liabilities, respectively, in the consolidated balance sheet. Previously, the Company accounted for these arrangements as operating leases. These leases will continue to be classified as operating leases due to the election of the package practical expedients. The Company recorded ROU assets and lease liabilities of approximately $22.0 million and $40.3 million, respectively, as of January 1, 2019 • Previously, the Company included real estate taxes paid by a lessee directly to a third party in recoveries from tenants and real estate tax expense, on a gross basis. Upon adoption of the standard, the Company no longer records these amounts in revenue or expense as the standard precludes the Company from recording payments made directly by the lessee. In addition, on January 1, 2019, the Company reversed $1.7 million of real estate taxes paid by certain major tenants previously reflected in Accounts Receivable and Accounts Payable and Other Liabilities on the Company’s consolidated balance sheet as of December 31, 2018 • Upon adoption of the practical expedient with regards to not separating lease and non-lease components, where applicable, the Company has prospectively recorded, on a straight-line basis, lease payments associated with fixed expense reimbursements. • The adoption of this standard did not materially impact the Company’s consolidated net income or consolidated cash flows. The adoption of the new standard also resulted in various presentation changes in the Company’s consolidated statements of operations. The Company aggregated the following components of contractual lease payments into one line item referred to as Rental Income which includes Minimum Rents, Percentage and Overage Rents, Recoveries from Tenants, Ancillary Income and Lease Termination Fees. The prior period presentation was conformed to the current period presentation for comparability related to these revenue components. In addition, effective January 1, 2019, the Company presents bad debt as a component of Rental Income within Revenues. For prior periods, bad debt is included in Operating and Maintenance Expenses. In addition, effective January 1, 2019, the Company no longer records real estate taxes paid by major tenants directly to the applicable governmental authority. For prior periods, these amounts are included in Recoveries from Tenants and Real Estate Taxes. New Accounting Standard to Be Adopted Accounting for Credit Losses In June 2016, the Financial Accounting Standards Board (the “FASB”) issued an amendment on measurement of credit losses on financial assets held by a reporting entity at each reporting date (ASU 2016-13, Financial Instruments – Credit Losses

Nature of Business and Financ_3

Nature of Business and Financial Statement Presentation (Tables)	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Non-cash Investing and Financing Activities	Non-cash investing and financing activities are summarized as follows (in millions): Six Months Ended June 30, 2019 2018 Dividends declared, but not paid $ 44.6 $ 78.7 Accounts payable related to construction in progress 14.3 16.7 Assumption of building due to ground lease termination — 2.2 Receivable and reduction of real estate assets, net - related to hurricane — 7.8 Conversion of Operating Partnership Units — 0.9

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2019
Adoption of Topic 606 [Member]
Schedule of Fee and Other Income	Fee and Other Income on the consolidated statements of operations includes revenue from contracts with customers and other property-related income, primarily composed of theater income, is recognized in the period earned as follows (in thousands): Three Months Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Revenue from contracts: Asset and property management fees $ 11,110 $ 4,886 $ 22,641 $ 10,482 Leasing commissions 1,381 1,312 2,880 2,934 Development fees 392 303 945 628 Disposition fees 1,515 — 2,717 — Credit facility guaranty and refinancing fees — — 1,800 — Total revenue from contracts with customers 14,398 6,501 30,983 14,044 Other property income: Other 1,985 1,913 4,201 3,672 Total fee and other income $ 16,383 $ 8,414 $ 35,184 $ 17,716

Investments in and Advances t_2

Investments in and Advances to Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2019
Schedule Of Equity Method Investments [Line Items]
Revenues Earned By the Company from Unconsolidated Joint Ventures	Revenues earned by the Company 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 (as defined below) are as follows (in millions): Three Months Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Revenue from contracts: Asset and property management fees $ 4.8 $ 4.9 $ 10.1 $ 10.5 Development fees, leasing commissions and other 1.1 1.6 2.5 3.5 Total revenue from contracts with customers 5.9 6.5 12.6 14.0 Other: Interest income 4.2 4.8 8.4 9.8 Other 0.8 0.7 1.5 1.2 Total fee and other income $ 10.9 $ 12.0 $ 22.5 $ 25.0
Summary of Preferred investments	The Preferred investments are summarized as follows (in millions, except properties owned): Preferred Investment (Principal) Properties Owned Formation Initial June 30, 2019 Valuation Allowance Net of Reserve Inception June 30, 2019 BRE DDR III 2014 $ 300.0 $ 180.2 $ (71.5 ) $ 108.7 70 14 BRE DDR IV 2015 82.6 64.1 (6.7 ) 57.4 6 5 $ 382.6 $ 244.3 $ (78.2 ) $ 166.1
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments	At June 30, 2019 and December 31, 2018, the Company had ownership interests in various unconsolidated joint ventures that had an investment in 102 and 106 shopping center properties, respectively. Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands): June 30, 2019 December 31, 2018 Condensed Combined Balance Sheets Land $ 958,904 $ 1,004,289 Buildings 2,705,984 2,804,027 Fixtures and tenant improvements 227,616 221,412 3,892,504 4,029,728 Less: Accumulated depreciation (943,915 ) (935,921 ) 2,948,589 3,093,807 Construction in progress and land 52,375 56,498 Real estate, net 3,000,964 3,150,305 Cash and restricted cash 84,623 94,111 Receivables, net 38,091 44,702 Other assets, net 175,882 186,693 $ 3,299,560 $ 3,475,811 Mortgage debt $ 1,844,589 $ 2,212,503 Notes and accrued interest payable to the Company 6,216 5,182 Other liabilities 152,840 161,372 2,003,645 2,379,057 Redeemable preferred equity – (A) 263,222 274,493 Accumulated equity 1,032,693 822,261 $ 3,299,560 $ 3,475,811 Company's share of accumulated equity $ 176,261 $ 145,786 Redeemable preferred equity, net (B) 170,313 189,891 Basis differentials (9,484 ) (8,536 ) Deferred development fees, net of portion related to the Company's interest (2,425 ) (2,700 ) Amounts payable to the Company 6,216 5,182 Investments in and Advances to Joint Ventures, net $ 340,881 $ 329,623 (A) Includes PIK that has accrued since March 2017 of $14.8 million and $12.2 million, which was fully reserved by the Company at June 30, 2019 and December 31, 2018, respectively. (B) Amount is net of the valuation allowance of $78.2 million and $72.4 million and the fully reserved PIK of $14.8 million and $12.2 million at June 30, 2019 and December 31, 2018, respectively.
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments	Three Months Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Condensed Combined Statements of Operations Revenues from operations (A) $ 105,580 $ 107,759 $ 214,683 $ 222,284 Expenses from operations: Operating expenses 30,482 32,314 60,543 66,695 Impairment charges — — 12,267 16,910 Depreciation and amortization 36,969 37,299 76,473 76,976 Interest expense 25,286 24,946 50,942 49,189 Preferred share expense 5,484 6,317 10,943 12,825 Other (income) expense, net 5,885 6,616 11,341 14,037 104,106 107,492 222,509 236,632 Income (loss) before gain on disposition of real estate 1,474 267 (7,826 ) (14,348 ) (Loss) gain on disposition of real estate, net (321 ) 12,356 15,645 50,376 Net income attributable to unconsolidated joint ventures $ 1,153 $ 12,623 $ 7,819 $ 36,028 Company's share of equity in net income of joint ventures $ 1,602 $ 3,506 $ 2,447 $ 11,979 Basis differential adjustments (B) 189 315 387 628 Equity in net income of joint ventures $ 1,791 $ 3,821 $ 2,834 $ 12,607 (A) Revenue from operations is subject to leasing or other standards. (B) The difference between the Company’s share of net income, as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, 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)	6 Months Ended
	Jun. 30, 2019
Retail Value Inc. [Member]
Schedule of Fee and Other Income	Revenue from contracts with RVI is included in Fee and Other Income on the consolidated statements of operations and was composed of the following (in millions): Three Months Ended Six Months Ended June 30, 2019 June 30, 2019 Asset and property management fees $ 5.8 $ 11.6 Leasing commissions 0.7 1.4 Disposition fees 1.5 2.6 Credit facility guaranty and refinancing fees — 1.8 Total revenue from contracts with RVI $ 8.0 $ 17.4

Other Assets, net (Tables)

Other Assets, net (Tables)	6 Months Ended
	Jun. 30, 2019
Other Assets [Abstract]
Components of Other Assets, Net	Other Assets, Net on the Company’s consolidated balance sheets consists of the following (in thousands): June 30, 2019 December 31, 2018 Intangible assets: In-place leases, net $ 24,411 $ 30,703 Above-market leases, net 4,178 6,833 Lease origination costs 3,328 4,045 Tenant relations, net 30,215 35,838 Total intangible assets, net (A) 62,132 77,419 Operating lease ROU assets (B) 21,961 — Notes receivable 19,670 19,675 Other assets: Prepaid expenses 6,731 5,372 Other assets 3,023 3,612 Deposits 4,102 4,384 Deferred charges, net 4,700 5,767 Total other assets, net $ 122,319 $ 116,229 (A) The Company recorded amortization expense related to its intangibles, excluding above- and below-market leases, of $4.3 million and $10.1 million for the three months ended June 30, 2019 and 2018, respectively, and $9.3 million and $22.0 million for the six months ended June 30, 2019 and 2018, respectively. (B) Operating lease ROU assets are discussed further in Notes 1 and 6.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Operating Lease ROU Aassets and Operating Lease Liabilities	Operating lease ROU assets and operating lease liabilities are in the Company’s consolidated balance sheet as follows (in thousands): Classification June 30, 2019 Operating Lease ROU Assets Other Assets, Net $ 21,961 Operating Lease Liabilities Accounts Payable and Other Liabilities $ 40,691
Schedule of Operating Lease Expenses	Operating lease expenses, including straight-line expense, are included in Operating and Maintenance Expense for the Company’s ground leases and General and Administrative for its office leases are as follows (in thousands): Three Months Ended Six Months Ended Classification June 30, 2019 June 30, 2019 Operating and Maintenance $ 1,017 $ 2,035 General and Administrative (A) 501 1,213 Total lease costs $ 1,518 $ 3,248 (A) Includes short-term leases and variable lease costs, which are immaterial.
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: June 30, 2019 Weighted-Average Remaining Lease Term 35.8 years Weighted-Average Discount Rate 7.32 % Cash paid for amounts included in the measurement — operating cash flows from lease liabilities (in thousands) $ 1,338
Schedule of Future Minimum Rental Revenues from Rental Properties and Minimum Rental Payments under ASC 840	As determined under FASB Accounting Standards Codification (“ASC”) 840, Leases, Year Minimum Rental Revenues Minimum Rental Payments 2019 $ 306,740 $ 3,253 2020 279,374 4,070 2021 243,379 4,080 2022 202,371 3,928 2023 150,909 3,417 Thereafter 417,296 120,825 $ 1,600,069 $ 139,573
Schedule of Maturities of Lease Liabilities	As determined under Topic 842, maturities of lease liabilities were as follows for the 12-month periods ending June 30, (in thousands): Year June 30, 2020 $ 4,019 2021 4,146 2022 4,159 2023 3,657 2024 3,519 Thereafter 119,092 Total lease payments 138,592 Less imputed interest (97,901 ) Total $ 40,691
Schedule of Future Minimum Rental Income from Rental Properties under Terms of Non-Cancelable Tenant Leases	The scheduled future minimum rental income from rental properties under the terms of all non-cancelable tenant leases, assuming no new or renegotiated leases or option extensions as determined under Topic 842 for such premises for the 12-month periods ending June 30, were as follows (in thousands): Year Ending June 30, 2020 $ 311,098 2021 284,858 2022 246,452 2023 198,268 2024 149,083 Thereafter 425,779 Total $ 1,615,538

Revolving Credit Facilities (Ta

Revolving Credit Facilities (Tables)	6 Months Ended
	Jun. 30, 2019
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 June 30, 2019 Weighted-Average Interest Rate (A) at June 30, 2019 Maturity Date Unsecured Credit Facility $ 75.0 3.6% September 2021 PNC Facility — N/A September 2021 (A) Interest rate on variable-rate debt was calculated using the base rate and spreads effective at June 30, 2019.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values	The carrying values and the estimated fair values are summarized as follows (in thousands): June 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Senior Notes $ 1,646,985 $ 1,727,047 $ 1,646,007 $ 1,639,827 Revolving Credit Facilities and term loans 124,698 126,167 149,655 150,533 Mortgage Indebtedness 87,192 89,087 88,743 89,228 $ 1,858,875 $ 1,942,301 $ 1,884,405 $ 1,879,588

Other Comprehensive Loss (Table

Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2018 $ (1,641 ) $ 260 $ (1,381 ) Other comprehensive income before reclassifications — 378 378 Change in cash flow hedges reclassed to earnings (A) 234 — 234 Net current-period other comprehensive income 234 378 612 Balance, June 30, 2019 $ (1,407 ) $ 638 $ (769 ) (A) Amortization classified in Interest Expense in the Company’s consolidated statement of operations for the six months ended June 30, 2019, which was previously recognized in Accumulated Other Comprehensive Loss.

Impairment Charges and Reserv_2

Impairment Charges and Reserves (Tables)	6 Months Ended
	Jun. 30, 2019
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 Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Assets marketed for sale (A) $ — $ — $ 0.6 $ — Assets included in the spin-off of RVI (B) — 18.1 — 48.5 Reserve (adjustment) of preferred equity interests (C) 4.6 (1.6 ) 5.7 2.3 Total impairment charges $ 4.6 $ 16.5 $ 6.3 $ 50.8 (A) The impairment recorded during the six months ended June 30, 2019, was triggered by an indicative bid received. (B) In 2018, charges were triggered by indicative bids received and changes in market assumptions due to the disposition process beginning in 2017. (C) As a result of an aggregate valuation allowance on its preferred equity interests in the BRE DDR Joint Ventures (Note 3).
Impairment Charges and Reserves Measured at Fair Value on Non-Recurring Basis	The following table presents information about the Company’s impairment charges and reserves on both financial and nonfinancial assets that were measured on a fair value basis for the six months ended June 30, 2019. 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 Impairment Charges June 30, 2019 Long-lived assets held and used $ — $ — $ 0.8 $ 0.8 $ 0.6 Preferred equity interests — — 166.1 166.1 5.7
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 Description June 30, 2019 Valuation Technique Unobservable Inputs Range Impairment of consolidated assets $ 0.8 Indicative Bid (A) Indicative Bid (A) N/A Reserve of preferred equity interests 166.1 Discounted Cash Flow Discount Rate 8.7%-8.8% Terminal Capitalization Rate 8.2%-8.6% 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)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS	The following table provides a reconciliation of net income (loss) 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). Three Months Six Months Ended June 30, Ended June 30, 2019 2018 2019 2018 Numerators – Basic and Diluted Net income (loss) $ 17,537 $ (2,633 ) $ 53,632 $ (56,530 ) Plus: Income attributable to non-controlling interests (260 ) (696 ) (565 ) (952 ) Less: Preferred dividends (8,383 ) (8,383 ) (16,766 ) (16,766 ) Less: Earnings attributable to unvested shares and operating partnership units (175 ) (650 ) (346 ) (852 ) Net income (loss) attributable to common shareholders after allocation to participating securities $ 8,719 $ (12,362 ) $ 35,955 $ (75,100 ) Denominators – Number of Shares Basic — 180,551 184,634 180,548 184,595 Assumed conversion of diluted securities 658 — 826 — Diluted — 181,209 184,634 181,374 184,595 Earnings (Loss) Per Share: Basic $ 0.05 $ (0.07 ) $ 0.20 $ (0.41 ) Diluted $ 0.05 $ (0.07 ) $ 0.20 $ (0.41 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
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 June 30, 2019 Shopping Centers Loan Investments Other Total Rental income $ 112,274 $ — $ 112,274 Other income 16,383 — 16,383 Total revenues 128,657 — 128,657 Rental operation expenses (36,534 ) (7 ) (36,541 ) Net operating income (loss) 92,123 (7 ) 92,116 Depreciation and amortization (40,060 ) (40,060 ) Interest income 4,521 4,521 Other income (expense), net $ (85 ) (85 ) Unallocated expenses (A) (36,019 ) (36,019 ) Equity in net income of joint ventures 1,791 1,791 Reserve of preferred equity interests, net (4,634 ) (4,634 ) Gain on disposition of real estate, net 213 213 Income before tax expense $ 17,843 Three Months Ended June 30, 2018 Shopping Centers Loan Investments Other Total Rental income $ 199,988 $ 14 $ 200,002 Other income 11,514 — 11,514 Total revenues 211,502 14 211,516 Rental operation expenses (64,538 ) — (64,538 ) Net operating income 146,964 14 146,978 Impairment charges (18,060 ) (18,060 ) Depreciation and amortization (72,462 ) (72,462 ) Interest income 5,016 5,016 Other income (expense), net $ (36,255 ) (36,255 ) Unallocated expenses (A) (62,189 ) (62,189 ) Hurricane property loss (224 ) (224 ) Equity in net income of joint ventures 3,821 3,821 Adjustment of preferred equity interests 1,625 1,625 Gain on disposition of real estate, net 29,508 29,508 Loss before tax expense $ (2,242 ) Six Months Ended June 30, 2019 Shopping Centers Loan Investments Other Total Rental income $ 224,495 $ — $ 224,495 Other income 35,155 29 35,184 Total revenues 259,650 29 259,679 Rental operation expenses (73,118 ) (7 ) (73,125 ) Net operating income 186,532 22 186,554 Impairment charges (620 ) (620 ) Depreciation and amortization (82,668 ) (82,668 ) Interest income 9,042 9,042 Other income (expense), net $ 68 68 Unallocated expenses (A) (71,857 ) (71,857 ) Equity in net income of joint ventures 2,834 2,834 Reserve of preferred equity interests, net (5,733 ) (5,733 ) Gain on disposition of real estate, net 16,590 16,590 Income before tax expense $ 54,210 As of June 30, 2019: Total gross real estate assets $ 4,612,131 $ 4,612,131 Notes receivable, net (B) $ 189,983 $ (170,313 ) $ 19,670 Six Months Ended June 30, 2018 Shopping Centers Loan Investments Other Total Rental income $ 403,739 $ 29 $ 403,768 Other income 22,816 — 22,816 Total revenues 426,555 29 426,584 Rental operation expenses (129,588 ) — (129,588 ) Net operating income 296,967 29 296,996 Impairment charges (48,504 ) (48,504 ) Depreciation and amortization (146,886 ) (146,886 ) Interest income 10,357 10,357 Other income (expense), net $ (97,862 ) (97,862 ) Unallocated expenses (A) (119,074 ) (119,074 ) Hurricane property loss (974 ) (974 ) Equity in net income of joint ventures 12,607 12,607 Reserve of preferred equity interests, net (2,336 ) (2,336 ) Gain on disposition of real estate, net 39,519 39,519 Loss before tax expense $ (56,157 ) As of June 30, 2018: Total gross real estate assets $ 7,891,867 $ 7,891,867 Notes receivable, net (B) $ 247,747 $ (228,077 ) $ 19,670 (A) Unallocated expenses consist of General and Administrative Expenses and Interest 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) $ / shares in Units, $ in Thousands	Jan. 02, 2019USD ($)	Jun. 30, 2019USD ($)$ / shares	Jun. 30, 2018USD ($)$ / shares	Jun. 30, 2019USD ($)JointVenture$ / shares	Jun. 30, 2018USD ($)$ / shares	Jan. 01, 2019USD ($)ShoppingCenterOffice	Dec. 31, 2018USD ($)
Nature Of Business And Financial Statement Presentation [Line Items]
Maximum exposure to losses associated with VIEs		$ 172,000		$ 172,000			$ 192,200
Common share dividend declared per share | $ / shares		$ 0.20	$ 0.38	$ 0.40	$ 0.76
Number of shopping centers leased under ground lease agreements | ShoppingCenter						3
Number of additional lease agreements where company is lessee | Office						3
ROU assets		$ 21,961		$ 21,961		$ 22,000	$ 0
Lease liabilities		$ 40,691		$ 40,691		$ 40,300
Reversal of real estate taxes paid by tenants	$ 1,700
Adjustment for Property Management and Services [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Reclassification adjustments			$ 2,900		$ 6,200
Adjustment for Contractual Lease Payments [Member] | ASU 2016-02 [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Reclassification adjustments			$ 6,300		$ 10,000
Variable Interest Entity, Not Primary Beneficiary [Member]
Nature Of Business And Financial Statement Presentation [Line Items]
Number of unconsolidated joint ventures | JointVenture				2

Nature of Business and Financ_5

Nature of Business and Financial Statement Presentation - Non-cash Investing and Financing Activities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Other Significant Noncash Transactions [Line Items]
Dividends declared, but not paid	$ 44,641	$ 78,700	$ 45,262
Accounts payable related to construction in progress	14,300	16,700
Receivable and reduction of real estate assets, net - related to hurricane	0	7,800
Conversion of Operating Partnership Units	0	900
Building [Member]
Other Significant Noncash Transactions [Line Items]
Assumption of building due to ground lease termination	$ 0	$ 2,200

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail)	Jun. 30, 2019
Minimum [Member]
Disaggregation Of Revenue [Line Items]
Operating lease term	1 month
Maximum [Member]
Disaggregation Of Revenue [Line Items]
Operating lease term	30 years

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Fee and Other Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 14,398	$ 6,501	$ 30,983	$ 14,044
Other property income:
Other	1,985	1,913	4,201	3,672
Total fee and other income	16,383	8,414	35,184	17,716
Asset and Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	11,110	4,886	22,641	10,482
Leasing Commissions [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,381	1,312	2,880	2,934
Development Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	392	303	945	628
Disposition Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,515	0	2,717	0
Credit Facility Guaranty and Refinancing Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 0	$ 0	$ 1,800	$ 0

Investments in and Advances t_3

Investments in and Advances to Joint Ventures - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)ShoppingCenter	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)ShoppingCenterInvestment	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)ShoppingCenter
Schedule Of Equity Method Investments [Line Items]
Reserve of preferred equity interests	$ 4,634	$ (1,625)	$ 5,733	$ 2,336
Preferred investment interest valuation allowance	$ 78,200		$ 78,200		$ 72,400
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Shopping centers owned | ShoppingCenter	102		102		106
Unconsolidated Joint Ventures [Member] | Shopping Centers [Member]
Schedule Of Equity Method Investments [Line Items]
Number of properties sold | ShoppingCenter			4
Proceeds from sale of joint venture assets			$ 128,200
Gain on sale of joint venture assets			$ 1,500
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 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%

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	Jun. 30, 2019	Dec. 31, 2018
Condensed Combined Balance Sheets
Land	$ 861,438	$ 873,548
Buildings	3,217,382	3,251,030
Fixtures and tenant improvements	461,187	448,371
Total real estate rental property	4,540,007	4,572,949
Less: Accumulated depreciation	(1,231,448)	(1,172,357)
Real estate rental property, net	3,308,559	3,400,592
Construction in progress and land	72,124	54,917
Total real estate assets, net	3,380,683	3,455,509
Other assets, net	122,319	116,229
Total assets	4,142,742	4,206,331
Mortgage debt	87,192	88,743
Total liabilities	2,115,491	2,133,329
Total liabilities and equity	4,142,742	4,206,331
Company's share of accumulated equity	176,261	145,786
Redeemable preferred equity, net	170,313	189,891
Basis differentials	(9,484)	(8,536)
Deferred development fees, net of portion related to the Company's interest	(2,425)	(2,700)
Amounts payable to the Company	6,216	5,182
Investments in and Advances to Joint Ventures, net	340,881	329,623
Unconsolidated Joint Ventures [Member]
Condensed Combined Balance Sheets
Land	958,904	1,004,289
Buildings	2,705,984	2,804,027
Fixtures and tenant improvements	227,616	221,412
Total real estate rental property	3,892,504	4,029,728
Less: Accumulated depreciation	(943,915)	(935,921)
Real estate rental property, net	2,948,589	3,093,807
Construction in progress and land	52,375	56,498
Total real estate assets, net	3,000,964	3,150,305
Cash and restricted cash	84,623	94,111
Receivables, net	38,091	44,702
Other assets, net	175,882	186,693
Total assets	3,299,560	3,475,811
Mortgage debt	1,844,589	2,212,503
Notes and accrued interest payable to the Company	6,216	5,182
Other liabilities	152,840	161,372
Total liabilities	2,003,645	2,379,057
Redeemable preferred equity – SITE Centers	263,222	274,493
Accumulated equity	1,032,693	822,261
Total liabilities and equity	$ 3,299,560	$ 3,475,811

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 Millions	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Equity Method Investments [Line Items]
Preferred investment interest valuation allowance	$ 78.2	$ 72.4
PIK [Member]
Schedule Of Equity Method Investments [Line Items]
Redeemable preferred equity, net	$ 14.8	$ 12.2

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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Expenses from operations:
Operating expenses	$ 91,533	$ 172,560	$ 185,457	$ 356,073
Impairment charges	0	18,060	620	48,504
Depreciation and amortization	40,060	72,462	82,668	146,886
Interest expense	21,087	44,913	42,813	88,953
Other (income) expense, net	85	36,255	(68)	97,862
(Loss) gain on disposition of real estate, net	213	29,508	16,590	39,519
Company's share of equity in net income of joint ventures	1,602	3,506	2,447	11,979
Basis differential adjustments	189	315	387	628
Equity in net income of joint ventures	1,791	3,821	2,834	12,607
Unconsolidated Joint Ventures [Member]
Condensed Combined Statements of Operations
Revenues from operations	105,580	107,759	214,683	222,284
Expenses from operations:
Operating expenses	30,482	32,314	60,543	66,695
Impairment charges	0	0	12,267	16,910
Depreciation and amortization	36,969	37,299	76,473	76,976
Interest expense	25,286	24,946	50,942	49,189
Preferred share expense	5,484	6,317	10,943	12,825
Other (income) expense, net	5,885	6,616	11,341	14,037
Total expenses	104,106	107,492	222,509	236,632
Income (loss) before gain on disposition of real estate	1,474	267	(7,826)	(14,348)
(Loss) gain on disposition of real estate, net	(321)	12,356	15,645	50,376
Net income attributable to unconsolidated joint ventures	$ 1,153	$ 12,623	$ 7,819	$ 36,028

Investments in and Advances t_7

Investments in and Advances to Joint Ventures - Revenues Earned By the Company from Unconsolidated Joint Ventures (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue from contracts:
Total revenue from contracts with customers	$ 14,398	$ 6,501	$ 30,983	$ 14,044
Other:
Interest income	4,200	4,800	8,400	9,800
Other	800	700	1,500	1,200
Total fee and other income	10,900	12,000	22,500	25,000
Asset and Property Management Fees [Member]
Revenue from contracts:
Total revenue from contracts with customers	11,110	4,886	22,641	10,482
Unconsolidated Joint Ventures [Member]
Revenue from contracts:
Total revenue from contracts with customers	5,900	6,500	12,600	14,000
Unconsolidated Joint Ventures [Member] | Asset and Property Management Fees [Member]
Revenue from contracts:
Total revenue from contracts with customers	4,800	4,900	10,100	10,500
Unconsolidated Joint Ventures [Member] | Development Fees, Leasing Commissions and Other [Member]
Revenue from contracts:
Total revenue from contracts with customers	$ 1,100	$ 1,600	$ 2,500	$ 3,500

Investments in and Advances t_8

Investments in and Advances to Joint Ventures - Summary of Preferred investments (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)ShoppingCenter	Dec. 31, 2018USD ($)	Dec. 31, 2015USD ($)ShoppingCenter	Oct. 31, 2014USD ($)ShoppingCenter
Schedule Of Equity Method Investments [Line Items]
Preferred Investment, Valuation Allowance	$ (78.2)	$ (72.4)
BRE DDR Retail Holdings Joint Venture Acquisitions [Member] | BRE DDR III [Member]
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Joint Venture Partner Formation Date Month And Year	2014
Preferred Investment (Principal)	$ 180.2			$ 300
Preferred Investment, Valuation Allowance	(71.5)
Preferred Investment, Net of Reserve	$ 108.7
Properties Owned | ShoppingCenter	14			70
BRE DDR Retail Holdings Joint Venture Acquisitions [Member] | BRE DDR IV [Member]
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Joint Venture Partner Formation Date Month And Year	2015
Preferred Investment (Principal)	$ 64.1		$ 82.6
Preferred Investment, Valuation Allowance	(6.7)
Preferred Investment, Net of Reserve	$ 57.4
Properties Owned | ShoppingCenter	5		6
BRE DDR Retail Holdings Joint Venture Acquisitions [Member] | BRE DDR III and IV [Member]
Schedule Of Equity Method Investments [Line Items]
Preferred Investment (Principal)	$ 244.3		$ 382.6
Preferred Investment, Valuation Allowance	(78.2)
Preferred Investment, Net of Reserve	$ 166.1

Investment in and Advances to_3

Investment in and Advances to Affiliate - Additional Information (Detail) - Retail Value Inc. [Member] $ in Millions	Jun. 30, 2019USD ($)
Investments In And Advances To Affiliates [Line Items]
Preferred investment	$ 190
Receivable from affiliate consisting of restricted cash and insurance premiums	$ 33.8

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 Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 14,398	$ 6,501	$ 30,983	$ 14,044
Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	8,000		17,400
Asset and Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	11,110	4,886	22,641	10,482
Asset and Property Management Fees [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	5,800		11,600
Leasing Commissions [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,381	1,312	2,880	2,934
Leasing Commissions [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	700		1,400
Disposition Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,515	0	2,717	0
Disposition Fees [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	1,500		2,600
Credit Facility Guaranty and Refinancing Fees [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	0	$ 0	1,800	$ 0
Credit Facility Guaranty and Refinancing Fees [Member] | Retail Value Inc. [Member]
Disaggregation Of Revenue [Line Items]
Total revenue from contracts with customers	$ 0		$ 1,800

Other Assets, net - Components

Other Assets, net - Components of Other Assets, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Jun. 30, 2018
Intangible assets:
Total intangible assets, net	$ 62,132		$ 77,419
Operating lease ROU assets	21,961	$ 22,000	0
Notes receivable	19,670		19,675	$ 19,670
Other assets:
Prepaid expenses	6,731		5,372
Other assets	3,023		3,612
Deposits	4,102		4,384
Deferred charges, net	4,700		5,767
Total other assets, net	122,319		116,229
In-Place Leases, Net [Member]
Intangible assets:
Total intangible assets, net	24,411		30,703
Above-Market Leases, Net [Member]
Intangible assets:
Total intangible assets, net	4,178		6,833
Lease Origination Costs [Member]
Intangible assets:
Total intangible assets, net	3,328		4,045
Tenant Relations, Net [Member]
Intangible assets:
Total intangible assets, net	$ 30,215		$ 35,838

Other Assets, net - Component_2

Other Assets, net - Components of Other Assets, Net (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Other Assets [Abstract]
Amortization expense	$ 4.3	$ 10.1	$ 9.3	$ 22

Leases - Schedule of Operating

Leases - Schedule of Operating Lease ROU Assets and Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Leases [Abstract]
Operating Lease ROU Assets	$ 21,961	$ 22,000	$ 0
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets
Operating Lease Liabilities	$ 40,691	$ 40,300
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent

Leases - Schedule of Operatin_2

Leases - Schedule of Operating Lease Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Lessee Lease Description [Line Items]
Total lease costs	$ 1,518	$ 3,248
Operating and Maintenance [Member]
Lessee Lease Description [Line Items]
Total lease costs	1,017	2,035
General and Administrative [Member]
Lessee Lease Description [Line Items]
Total lease costs	$ 501	$ 1,213

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Leases [Abstract]
Weighted-Average Remaining Lease Term	35 years 9 months 18 days
Weighted-Average Discount Rate	7.32%
Cash paid for amounts included in the measurement — operating cash flows from lease liabilities (in thousands)	$ 1,338

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Revenues from Rental Properties and Minimum Rental Payments under ASC 840 (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Minimum Rental Revenues
2019	$ 306,740
2020	279,374
2021	243,379
2022	202,371
2023	150,909
Thereafter	417,296
Total future minimum rental revenues	1,600,069
Minimum Rental Payments
2019	3,253
2020	4,070
2021	4,080
2022	3,928
2023	3,417
Thereafter	120,825
Total future minimum rental payments	$ 139,573

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019
Leases [Abstract]
2020	$ 4,019
2021	4,146
2022	4,159
2023	3,657
2024	3,519
Thereafter	119,092
Total lease payments	138,592
Less imputed interest	(97,901)
Total	$ 40,691	$ 40,300

Leases - Additional Information

Leases - Additional Information (Detail)	Jun. 30, 2019
Minimum [Member]
Lessee Lease Description [Line Items]
Operating lease term	1 month
Maximum [Member]
Lessee Lease Description [Line Items]
Operating lease term	30 years

Leases - Schedule of Future M_2

Leases - Schedule of Future Minimum Rental Income from Rental Properties under Terms of Non-Cancelable Tenant Leases (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2020	$ 311,098
2021	284,858
2022	246,452
2023	198,268
2024	149,083
Thereafter	425,779
Total	$ 1,615,538

Revolving Credit Facilities - I

Revolving Credit Facilities - Information Regarding Company's Revolving Credit Facilities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Carrying Amount	$ 75,000	$ 100,000
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	$ 75,000
Weighted-Average Interest Rate	3.60%
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 ($)	1 Months Ended	6 Months Ended
	Jul. 31, 2019	Jun. 30, 2019
Debt Instrument [Line Items]
Covenant compliance		The Company was in compliance with these financial covenants at June 30, 2019.
Subsequent Event [Member]
Debt Instrument [Line Items]
Lines of Credit Maturity Date	2024-01
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]
Lines of Credit Maturity Date		2021-09
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		Prior to its extension in July 2019 (as described below), the Unsecured Credit Facility was scheduled to mature in September 2021 with two six-month extension options subject to the Company’s 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]
Lines of Credit Maturity Date		2021-09
Unsecured revolving credit facility		$ 20,000,000
PNC Bank National Association [Member] | Retail Value Inc. [Member]
Debt Instrument [Line Items]
Guaranty borrowing capacity		$ 30,000,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Carrying Values and Estimated Fair Values (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	$ 1,646,985	$ 1,646,007
Revolving Credit Facilities and term loans	124,698	149,655
Mortgage Indebtedness	87,192	88,743
Total indebtedness	1,858,875	1,884,405
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,727,047	1,639,827
Revolving Credit Facilities and term loans	126,167	150,533
Mortgage Indebtedness	89,087	89,228
Total indebtedness	$ 1,942,301	$ 1,879,588

Other Comprehensive Loss - Chan

Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss by Component (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 2,073,002
Other comprehensive income before reclassifications	378
Change in cash flow hedges reclassed to earnings	234
Net current-period other comprehensive income	612
Balance	2,027,251
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(1,641)
Other comprehensive income before reclassifications	0
Change in cash flow hedges reclassed to earnings	234
Net current-period other comprehensive income	234
Balance	(1,407)
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	260
Other comprehensive income before reclassifications	378
Change in cash flow hedges reclassed to earnings	0
Net current-period other comprehensive income	378
Balance	638
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(1,381)
Balance	$ (769)

Impairment Charges and Reserv_3

Impairment Charges and Reserves - Impairment Charges on Assets or Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Impairment Charges And Impairment Of Joint Venture Investments [Abstract]
Assets marketed for sale	$ 0	$ 0	$ 600	$ 0
Assets included in the spin-off of RVI	0	18,100	0	48,500
Reserve (adjustment) of preferred equity interest	4,634	(1,625)	5,733	2,336
Total impairment charges	$ 4,600	$ 16,500	$ 6,300	$ 50,800

Impairment Charges and Reserv_4

Impairment Charges and Reserves - Impairment Charges and Reserves Measured at Fair Value on Non-Recurring Basis (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held and used, Total Impairment Charges	$ 0	$ 0	$ 600	$ 0
Preferred equity interests, Total Impairment Charges			5,733	$ 2,336
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	800		800
Preferred equity interests, Fair Value Measurements	166,100		166,100
Long-lived assets held and used, Total Impairment Charges			600
Preferred equity interests, Total Impairment Charges			5,700
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		0
Preferred equity interests, Fair Value Measurements	0		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		0
Preferred equity interests, Fair Value Measurements	0		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	800		800
Preferred equity interests, Fair Value Measurements	$ 166,100		$ 166,100

Impairment Charges and Reserv_5

Impairment Charges and Reserves - Summary of Significant Unobservable Inputs (Detail) - Fair Value Measurements [Member] $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	$ 0.8
Preferred Equity Interests, Fair Value	166.1
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	0.8
Preferred Equity Interests, Fair Value	166.1
Impairment of Consolidated Assets [Member] | Level 3 [Member] | Indicative Bid [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Consolidated Assets, Fair Value	0.8
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Preferred Equity Interests, Fair Value	$ 166.1
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | NOI Growth Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs rate	1.00%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs rate	8.70%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Minimum [Member] | Terminal Capitalization Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs rate	8.20%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Maximum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs rate	8.80%
Reserve of Preferred Equity Interests [Member] | Level 3 [Member] | Discounted Cash Flow [Member] | Maximum [Member] | Terminal Capitalization Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unobservable inputs rate	8.60%

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ 17,537	$ (2,633)	$ 53,632	$ (56,530)
Plus: Income attributable to non-controlling interests	(260)	(696)	(565)	(952)
Less: Preferred dividends	(8,383)	(8,383)	(16,766)	(16,766)
Less: Earnings attributable to unvested shares and operating partnership units	(175)	(650)	(346)	(852)
Net income (loss) attributable to common shareholders after allocation to participating securities	$ 8,719	$ (12,362)	$ 35,955	$ (75,100)
Denominators – Number of Shares
Basic—Average shares outstanding	180,551	184,634	180,548	184,595
Assumed conversion of diluted securities	658	0	826	0
Diluted—Average shares outstanding	181,209	184,634	181,374	184,595
Earnings (Loss) Per Share:
Basic	$ 0.05	$ (0.07)	$ 0.20	$ (0.41)
Diluted	$ 0.05	$ (0.07)	$ 0.20	$ (0.41)

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Stock repurchase program authorized amount				$ 100,000
Shares repurchased		1.2
Shares repurchased at cost		$ 14,069
Performance Restricted Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Mark-to-market adjustment	$ 500		$ 1,400

Segment Information - Summary o

Segment Information - Summary of Information about Company's Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Rental income	$ 112,274	$ 200,002	$ 224,495	$ 403,768
Other income	16,383	11,514	35,184	22,816
Business interruption income	0	3,100	0	5,100
Total revenue from operations	128,657	211,516	259,679	426,584
Rental operation expenses	(36,541)	(64,538)	(73,125)	(129,588)
Net operating income (loss)	92,116	146,978	186,554	296,996
Impairment charges	0	(18,060)	(620)	(48,504)
Depreciation and amortization	(40,060)	(72,462)	(82,668)	(146,886)
Interest income	4,521	5,016	9,042	10,357
Other income (expense), net	(85)	(36,255)	68	(97,862)
Unallocated expenses	(36,019)	(62,189)	(71,857)	(119,074)
Hurricane property loss		(224)		(974)
Equity in net income of joint ventures	1,791	3,821	2,834	12,607
(Reserve) adjustment of preferred equity interests, net	(4,634)	1,625	(5,733)	(2,336)
Gain on disposition of real estate, net	213	29,508	16,590	39,519
Income (loss) before tax expense	17,843	(2,242)	54,210	(56,157)
Total gross real estate assets	4,612,131	7,891,867	4,612,131	7,891,867
Notes receivable, net	19,670	19,670	19,670	19,670	$ 19,675
Operating Segments [Member] | Shopping Center [Member]
Segment Reporting Information [Line Items]
Rental income	112,274	199,988	224,495	403,739
Other income	16,383	11,514	35,155	22,816
Total revenue from operations	128,657	211,502	259,650	426,555
Rental operation expenses	(36,534)	(64,538)	(73,118)	(129,588)
Net operating income (loss)	92,123	146,964	186,532	296,967
Impairment charges		(18,060)	(620)	(48,504)
Depreciation and amortization	(40,060)	(72,462)	(82,668)	(146,886)
Interest income		0
Other income (expense), net		0
Unallocated expenses		0
Hurricane property loss		(224)		(974)
Equity in net income of joint ventures	1,791	3,821	2,834	12,607
(Reserve) adjustment of preferred equity interests, net		0
Gain on disposition of real estate, net	213	29,508	16,590	39,519
Income (loss) before tax expense		0
Total gross real estate assets	4,612,131	7,891,867	4,612,131	7,891,867
Operating Segments [Member] | Loan Investments [Member]
Segment Reporting Information [Line Items]
Rental income	0	14	0	29
Other income	0	0	29	0
Total revenue from operations	0	14	29	29
Rental operation expenses	(7)	0	(7)	0
Net operating income (loss)	(7)	14	22	29
Impairment charges		0
Depreciation and amortization		0
Interest income	4,521	5,016	9,042	10,357
Other income (expense), net		0
Unallocated expenses		0
Hurricane property loss		0
Equity in net income of joint ventures		0
(Reserve) adjustment of preferred equity interests, net	(4,634)	1,625	(5,733)	(2,336)
Gain on disposition of real estate, net		0
Income (loss) before tax expense		0
Notes receivable, net	189,983	247,747	189,983	247,747
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Rental income		0
Other income		0
Total revenue from operations		0
Rental operation expenses		0
Net operating income (loss)		0
Impairment charges		0
Depreciation and amortization		0
Interest income		0	0
Other income (expense), net	(85)	(36,255)	68	(97,862)
Unallocated expenses	(36,019)	(62,189)	(71,857)	(119,074)
Hurricane property loss		0
Equity in net income of joint ventures		0
(Reserve) adjustment of preferred equity interests, net		0
Gain on disposition of real estate, net		0
Income (loss) before tax expense		0
Notes receivable, net	$ (170,313)	$ (228,077)	$ (170,313)	$ (228,077)

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Unsecured Debt [Member] - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2019	Jun. 30, 2019
Subsequent Event [Line Items]
Upsized unsecured term loan		$ 50
Subsequent Event [Member]
Subsequent Event [Line Items]
Upsized unsecured term loan	$ 100
Credit Facilities [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Lines of Credit Maturity Date	2024-01