SITE Centers Corp. SITC

Real EstateResidential & Commercial REITsUnited States of America

Last close 3.73 USD on Nov 1, 2026, −1.3% year to date

Quant rating

Quant rating D Rank 136 of 175 in Real Estate

Growth D 147 of 175
Valuation D 150 of 175
Quality C 118 of 175
Revisions D 143 of 175
Momentum A 6 of 175

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 196M
Enterprise value: −43M
52-week range: 2.80 – 5.19
3-year range: 2.80 – 6.65
Dividend yield: 13.94%
Beta (5 years): 0.97
Shares outstanding: 52.5M
Next earnings: –

About the company

SITE Centers Corp. is the owner and manager of open-air shopping centers located primarily in suburban, household income communities. The Company is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company. It is in the business of owning, leasing, acquiring, redeveloping and managing shopping centers. The Company’s tenant base includes a mixture of national and regional retail chains and local tenants. The Company’s properties include 3030 North Broadway, Ahwatukee Foothills Towne Center, The Pike Outlets, Flatacres Marketcenter, Towne Center Prado, Deer Park Town Center, Brookside Marketplace, University Centre, Commonwealth Center, Ashley Crossing, Connecticut Commons, Shoppes at Paradise Pointe, Poyner Place, The Maxwell, Meadowmont Crossing, and others. Ahwatukee Foothills Towne Center is a 705,696-square-foot retail property located in Maricopa County at I-10 & E Ray Road in Phoenix, Arizona.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	124	277	453	479	533	–
Revenue growth	−55.4%	−38.7%	−5.6%	−10.1%	15.8%	−23.1%
EPS (basic, normalized)	3.36	9.65	4.84	2.92	2.04	–
EPS growth	−65.2%	99.4%	65.8%	43.1%	–	–
Gross margin	67.2%	65.5%	68.2%	67.7%	71.3%	68.0%
Net margin	142.5%	183.0%	48.1%	26.6%	19.8%	84.0%
ROE	41.8%	39.1%	10.8%	6.7%	6.3%	20.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	239
Current ratio	–
Long-term debt (mil)	0
Net debt (mil)	−239
Total equity (mil)	282
Net debt / equity	−0.85x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	124	−55.4%	−0.3x	–	–	–	3.36	−65.2%	1.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	121	114	90.8	32.9	40.3	31.1	24.2	17.5	9.4	7.0
Sales mean (mil)	113	114	99.0	66.8	28.9	27.8	25.6	22.4	10.2	10.3
Surprise	+6.6%	+0.6%	−8.3%	−50.8%	+39.7%	+11.9%	−5.3%	−21.8%	−8.1%	−32.5%
EPS reported	−0.52	4.44	6.07	−0.25	0.06	0.88	−0.13	2.55	0.02	−0.03
EPS mean	0.19	0.15	−0.09	−0.14	−0.11	−0.14	−0.26	–	–	–
Surprise	−369.0%	+2,927.0%	−6,557.4%	−85.2%	−154.5%	−751.9%	+50.0%	–	–	–

Peer comparison Residential & Commercial REITs

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SITC SITE Centers Corp.	196M	–	142.5%	0.69x	–	–	–	–
SPG Simon Property Group Inc	70.5B	6.33x	72.7%	15.89x	33.1x	30.8x	19.1x	18.2x
O Realty Income Corporation	53.9B	6.26x	18.4%	1.36x	36.5x	32.0x	15.5x	14.2x
KIM Kimco Realty Corp	16.3B	5.79x	25.8%	1.60x	28.8x	27.6x	16.1x	15.3x
REG Regency Centers Corp	13.7B	5.28x	33.1%	1.98x	30.1x	29.5x	17.1x	16.4x
FRT Federal Realty Investment Trust	9.6B	5.20x	31.6%	2.85x	27.1x	34.2x	16.9x	15.8x
Mean		5.77x	54.0%	4.06x	31.1x	30.8x	16.9x	16.0x
Median		5.79x	32.3%	1.79x	30.1x	30.8x	16.9x	15.8x

Technical analysis

1M+22.3%
3M+41.8%
1Y+26.5%
3Y+216.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, SITE Centers Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	124	277	453	479	533	460
Cost of revenue	40.6	95.7	144	155	153	138
Gross profit	83.1	182	309	325	380	322
Selling, general & administrative expenses	39.8	47.1	50.9	46.6	55.1	52.9
Research & development	–	–	–	–	–	–
Depreciation/amortization	44.8	101	181	177	186	171
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	128	108	−2.9	−40.5	−10.7	−21.9
Other operating expenses	0	0	0	0	0	0
Operating income	−130	−74.5	80.2	142	150	120
Net interest income (expense)	−12.3	−32.2	−67.5	−48.2	−29.1	−64.2
Gain (loss) on sale of assets	320	633	219	46.6	6.1	1.1
Other non-operating income (expense)	0	0	0	0	0	−19.4
Net income before taxes	178	527	231	140	127	37.7
Provision for taxes	−0.2	0.8	2.0	0.8	1.6	1.1
Minority interest	–	0	0	−0.1	−0.5	−0.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	178	526	229	139	125	35.7
Extraordinary items	–	6.1	36.4	29.6	–	–
Net income	178	532	266	169	125	35.7
EBIT, normalized	−1.6	33.4	77.3	101	139	98.4
EBITDA, normalized	41.7	138	267	121	341	279
Basic EPS, normalized	3.36	9.65	4.84	2.92	2.04	–

Balance sheet in millions of USD, fiscal years

Balance sheet, SITE Centers Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	119	54.6	552	20.3	41.8	69.7
Receivables	13.9	27.2	65.6	63.9	61.4	73.5
Total inventory	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Other current assets	–	–	–	–	–	–
Total current assets	–	–	–	–	–	–
Property, plant & equipment	240	788	3,278	3,798	3,686	3,583
Goodwill	–	–	–	–	–	–
Intangibles	7.2	12.1	60.7	79.7	87.4	85.4
Long-term investments	27.7	30.4	39.4	44.6	64.6	267
Note receivable	–	–	–	–	0.4	0.5
Other long-term assets	143	103	683	122	128	172
Total assets	419	934	4,061	4,045	3,967	4,108
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	27.5	46.2	159	177	180	175
Accrued expenses	34.3	35.5	37.1	37.8	38.5	39.8
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	–	–	–	–	–	–
Total current liabilities	–	–	–	–	–	–
Long-term debt	0	301	1,626	1,707	1,677	1,934
Minority interest	–	–	0	5.8	5.8	3.3
Other liabilities	84.0	115	260	245	247	230
Total liabilities	84.0	417	1,886	1,958	1,930	2,167
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	5.2	5.2	21.4	21.4	21.1	19.4
Additional paid-in capital	3,981	3,982	5,975	5,974	5,934	5,705
Retained earnings (accumulated deficit)	−3,651	−3,473	−3,935	−4,046	−4,093	−4,100
Treasury stock	−0.2	−10.2	−72.3	−51.5	−5.3	−11.3
Other equity	0	13.5	186	189	180	328
Total equity	335	517	2,176	2,087	2,037	1,942
Total liabilities & shareholders' equity	419	934	4,061	4,045	3,967	4,108

Cash flow statement in millions of USD, fiscal years

Cash flow statement, SITE Centers Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	178	532	266	169	125	36.6
Depreciation, depletion & amortization	44.8	131	212	204	186	171
Deferred taxes	–	–	–	–	–	–
Non-cash items	−190	−514	−219	−107	−42.3	6.7
Changes in working capital	−13.2	−36.3	−20.6	−7.8	13.7	−23.8
Cash from operations	19.6	112	239	257	283	190
Investing activities
Capital expenditures	−14.1	−285	−273	−450	−207	−63.8
Other investing cash flows	720	2,129	833	282	282	166
Cash from investing	705	1,844	560	−168	74.5	102
Financing activities
Financing cash flow items	−7.3	−825	−15.2	−9.1	−7.2	−0.6
Cash dividends paid	−356	−128	−121	−120	−99.5	−98.3
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−307	−1,505	−115	17.3	−281	−138
Cash from financing	−670	−2,457	−251	−112	−388	−237
Foreign exchange effects	–	–	0	0	0	0
Net change in cash	55.1	−501	548	−22.0	−31.2	55.3
Free cash flow	5.5	−173	−34.3	−193	75.4	126

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.