SITE Centers (SITE Centers) Interest Expense : $-82.0 Mil (TTM As of Dec. 2023)

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What is SITE Centers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SITE Centers's interest expense for the three months ended in Dec. 2023 was $ -20.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-82.0 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. SITE Centers's Operating Income for the three months ended in Dec. 2023 was $ 24.6 Mil. SITE Centers's Interest Expense for the three months ended in Dec. 2023 was $ -20.0 Mil. SITE Centers's Interest Coverage for the quarter that ended in Dec. 2023 was 1.23. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SITE Centers Interest Expense Historical Data

The historical data trend for SITE Centers's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SITE Centers Interest Expense Chart

SITE Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-84.72

-77.60

-76.38

-77.69

-82.00

SITE Centers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-20.39	-19.92	-20.92	-21.15	-20.01

SITE Centers Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-82.0 Mil.

SITE Centers (NYSE:SITC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SITE Centers's Interest Expense for the three months ended in Dec. 2023 was $-20.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $24.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,626.3 Mil.

SITE Centers's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	24.591	/	-20.011
	=	1.23

The higher the ratio, the stronger the company's financial strength is.

SITE Centers (SITE Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SITE Centers Corp (NYSE:SITC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SITCpA.PFD:USA DDR2:Germany

Address

3300 Enterprise Parkway, Beachwood, OH, USA, 44122

Website

https://www.sitecenters.com

SITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is the owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers.

Executives

John M Cattonar	officer: EVP & Chief Investment Officer	3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
David R Lukes	director, officer: President & CEO	3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Christa A Vesy	officer: Sr. V.P. & Chief Acct. Officer	3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Fennerty Conor	officer: EVP, CFO & Treasurer	3300 ENTERPRISE PKWY, BEACHWOOD OH 44122
Alexander Otto	director, 10 percent owner	C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Katharina Otto-bernstein	10 percent owner	C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Victor B Macfarlane	director	151 EXECUTIVE PARK BLVD, BUILDING 2, SAN FRANCISCO CA 94134
Dawn M. Sweeney	director	3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Michael Makinen	officer: EVP & COO	3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Terrance R Ahern	director	1500 W 3RD ST, STE 410, CLEVELAND OH 44113
Thomas Finne	director	C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Linda B. Abraham	director	3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Scott D Roulston	director	3300 ENTERPRISE PARKWAY, CLEVELAND OH 44122
Matthew Louis Ostrower	officer: EVP, CFO & Treasurer	3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Robert H Gidel	director	677 N WASHINGTON BLVD, SARASOTA FL 34236