SITE Centers Corp. SITC

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

SITE Centers Corp., an Ohio corporation (the "Company" or "SITE Centers"), is a self-administered and self-managed Real Estate Investment Trust ("REIT") engaged in the business of owning, leasing, redeveloping 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 and unconsolidated joint ventures.

On October 1, 2024, the Company completed the spin-off of 79 convenience retail properties consisting of approximately 2.7 million square feet of gross leasable area ("GLA") into a separate publicly traded company named Curbline Properties Corp. ("Curbline" or "Curbline Properties"). In connection with the spin-off, on October 1, 2024, the Company, Curbline and Curbline Properties LP (the "Operating Partnership") entered into a Separation and Distribution Agreement (the "Separation and Distribution Agreement"), pursuant to which, among other things, the Company transferred its portfolio of convenience retail properties, $800.0 million of unrestricted cash and certain other assets, liabilities and obligations to Curbline and effectuated a pro rata special distribution of all of the outstanding shares of Curbline common stock to common shareholders of the Company as of September 23, 2024, the record date. On the spin-off date, holders of the Company's common shares received two shares of common stock of Curbline for every one common share of the Company held on the record date.

Last close 3.74 2026-10-23
Market cap $196.3M 2026-06-30 share count
52-week range 2.80 - 8.91

Valuation FY2025 figures against the last close

P/S10.7x
P/E1.1x
P/FCF10.0x
EV/EBITDA—
Dividend yield181.3%
Diluted EPS3.36

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $18.3M$6.1M$6.3M$10.6M$38.8M$41.4M$56.0M$42.8M$30.6M$33.2M
SG&A $39.8M$55.2M$61.7M$46.6M$55.1M$52.9M$58.4M$61.6M$77.0M$61.1M
Total operating expenses $239.3M$310.7M$375.3M$380.7M$400.9M$367.2M$366.5M$581.9M$1.03B$853.6M
Operating income —————$321.9M$368.3M$499.3M$657.8M$713.7M
Interest expense $15.3M$59.5M$80.5M$76.1M$76.4M$77.6M$84.7M$141.3M$188.6M$217.6M
Pre-tax income $177.6M$526.5M$231.4M$140.0M$127.0M$37.7M$102.5M$117.0M-$230.7M$63.0M
Income tax $226.0K$761.0K$2.0M$816.0K$1.6M$1.1M$659.0K$862.0K$12.4M$1.8M
Net income $177.9M$531.8M$265.7M$168.7M$124.9M$35.7M$100.7M$114.4M-$241.7M$60.0M
EPS, basic 3.369.814.852.950.510.080.330.43-1.480.20
EPS, diluted 3.369.774.852.940.510.080.330.43-1.480.20
Shares, diluted (wtd. avg.) 52.4M52.6M52.4M53.5M209.1M193.8M183.3M184.5M183.7M182.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $119.0M$54.6M$551.4M$20.3M$41.8M$69.7M$16.1M$11.1M$92.6M$30.4M
Other intangibles $7.5M$12.9M$34.7M$87.7M$94.1M$90.4M$58.0M$77.4M$182.4M$241.6M
Total assets $418.7M$933.6M$4.06B$4.05B$3.97B$4.11B$4.09B$4.21B$7.17B$8.20B
Total liabilities $84.0M$416.9M$1.89B$1.95B$1.92B$2.16B$2.11B$2.13B$4.27B$4.95B
Total equity $334.8M$516.7M$2.18B$2.09B$2.04B$1.94B$1.98B$2.07B$2.90B$3.25B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $19.6M$112.0M$238.5M$257.3M$282.5M$190.2M$270.2M$263.4M$410.4M$460.7M
Depreciation and amortisation $44.8M$130.9M$212.5M——————$389.5M
Stock-based compensation $1.4M$6.8M$7.6M$7.2M$13.5M$8.8M$9.9M$7.5M$11.5M$7.8M
Investing cash flow $705.4M$1.84B$559.9M-$167.6M$74.5M$102.5M-$10.4M$818.3M$478.6M$473.0M
Financing cash flow -$669.9M-$2.46B-$250.6M-$111.7M-$388.1M-$237.4M-$254.3M-$1.16B-$833.5M-$927.0M
Dividends paid $355.7M$128.1M$120.5M$120.0M$99.5M$98.3M$180.7M$281.3M$305.8M$293.9M
Buybacks $0$0$26.6M$42.3M$0$7.5M$14.1M$36.3M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-076905.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -400M -200M 0 200M 400M 600M Revenue, FY2016: 33.2M Net income, FY2016: 60M Revenue, FY2017: 30.6M Net income, FY2017: -241.7M Revenue, FY2018: 42.8M Net income, FY2018: 114.4M Revenue, FY2019: 56M Net income, FY2019: 100.7M Revenue, FY2020: 41.4M Net income, FY2020: 35.7M Revenue, FY2021: 38.8M Net income, FY2021: 124.9M Revenue, FY2022: 10.6M Net income, FY2022: 168.7M Revenue, FY2023: 6.3M Net income, FY2023: 265.7M Revenue, FY2024: 6.1M Net income, FY2024: 531.8M Revenue, FY2025: 18.3M Net income, FY2025: 177.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $33.2M $30.6M $42.8M $56.0M $41.4M $38.8M $10.6M $6.3M $6.1M $18.3M
Gross profit — — — — — — — — — —
Net income $60.0M -$241.7M $114.4M $100.7M $35.7M $124.9M $168.7M $265.7M $531.8M $177.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Acquisition or disposal completed Item 2.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Acquisition or disposal completed Item 2.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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