NYSE : SITC
SITE Centers Corp. — Financial statements
Real Estate · REIT - Retail · United States
Last price 3.79 USD (Oct 30, 2026, 10:29 AM EDT) · Market cap 198.88M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 57.57M | 103.59M | 269.29M | 444.06M | 464.25M | 490.80M |
| Property Management Fees | 13.70M | 20.06M | 8.18M | 8.55M | 14.97M | 42.06M |
| Other Revenue | -1.29M | -718.00K | 1.47M | 4.58M | 22.26M | 49.42M |
| Total Revenue | 69.97M | 122.93M | 278.93M | 457.20M | 501.48M | 582.28M |
| Property Expenses | 27.44M | 40.55M | 87.54M | 132.97M | 154.61M | 152.79M |
| Selling, General & Administrative | 39.16M | 39.84M | 55.20M | 56.70M | 46.56M | 55.05M |
| Depreciation & Amortization | 27.55M | 44.81M | 101.34M | 180.61M | 177.01M | 185.77M |
| Total Operating Expenses | 94.14M | 125.20M | 244.09M | 370.29M | 378.19M | 393.61M |
| Operating Income | -24.17M | -2.27M | 34.84M | 86.91M | 123.30M | 188.67M |
| Interest Expense | -4.54M | -15.31M | -59.46M | -80.48M | -76.07M | -76.38M |
| Interest & Investment Income | 5.50M | 3.77M | 31.62M | 4.35M | ||
| Other Non-Operating Income | -4.41M | -3.88M | -6.60M | 1.27M | -1.95M | -1.19M |
| EBT Excluding Unusual Items | -27.62M | -17.69M | 405.00K | 12.04M | 45.27M | 111.11M |
| Gain (Loss) on Sale of Investments | 19.93M | -63.00K | 1.29M | 5.75M | 51.21M | 17.07M |
| Gain (Loss) on Sale of Assets | 277.32M | 319.77M | 633.22M | 218.66M | 46.64M | 6.07M |
| Asset Writedown | -132.52M | -114.07M | -66.60M | -2.54M | -7.27M | |
| Other Unusual Items | -9.81M | -10.31M | -41.78M | -50.00K | -581.00K | |
| Pretax Income | 127.29M | 177.63M | 526.52M | 231.39M | 140.01M | 126.97M |
| Income Tax Expense | -618.00K | -226.00K | 761.00K | 2.04M | 816.00K | 1.55M |
| Earnings From Continuing Operations | 127.91M | 177.86M | 525.76M | 229.35M | 139.19M | 125.42M |
| Earnings From Discontinued Operations | 6.06M | 36.37M | 29.60M | |||
| Net Income to Company | 127.91M | 177.86M | 531.82M | 265.72M | 168.79M | 125.42M |
| Minority Interest in Earnings | -18.00K | -73.00K | -481.00K | |||
| Net Income | 127.91M | 177.86M | 531.82M | 265.70M | 168.72M | 124.94M |
| Preferred Dividends & Other Adjustments | 1.53M | 1.70M | 18.09M | 11.76M | 11.64M | 19.38M |
| Net Income to Common | 126.37M | 176.16M | 513.74M | 253.94M | 157.08M | 105.55M |
| Basic Shares Outstanding | 52.46M | 52.45M | 52.39M | 52.37M | 53.25M | 52.00M |
| Diluted Shares Outstanding | 52.46M | 52.45M | 52.58M | 52.41M | 53.47M | 52.29M |
| EPS (Basic) | 2.41 | 3.36 | 9.81 | 4.85 | 2.95 | 2.03 |
| EPS (Diluted) | 2.41 | 3.36 | 9.77 | 4.85 | 2.94 | 2.03 |
| Dividend Per Share | 1.04 | 2.08 | 2.08 | 1.88 | ||
| Operating Margin | -34.54% | -1.85% | 12.49% | 19.01% | 24.59% | 32.40% |
| Profit Margin | 180.60% | 143.30% | 184.18% | 55.54% | 31.32% | 18.13% |
| EBITDA | 3.38M | 42.53M | 165.75M | 299.37M | 326.84M | 374.44M |
| EBITDA Margin | 4.83% | 34.60% | 59.42% | 65.48% | 65.18% | 64.31% |
| D&A For Ebitda | 27.55M | 44.81M | 130.90M | 212.46M | 203.55M | 185.77M |
| EBIT | -24.17M | -2.27M | 34.84M | 86.91M | 123.30M | 188.67M |
| EBIT Margin | -34.54% | -1.85% | 12.49% | 19.01% | 24.59% | 32.40% |
| Funds From Operations (FFO) | -9.26M | 19.43M | 79.44M | 240.20M | 250.99M | 242.77M |
| FFO Per Share | -0.18 | 0.37 | 1.51 | 4.60 | 4.68 | |
| Adjusted Funds From Operations (AFFO) | 19.43M | 79.44M | 240.20M | 250.99M | 242.77M | |
| AFFO Per Share | 0.37 | 1.51 | 4.58 | 4.69 | ||
| Effective Tax Rate | 0.14% | 0.88% | 0.58% | 1.22% | ||
| Revenue as Reported | 71.27M | 123.65M | 277.47M | 452.62M | 479.22M | 532.86M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 83.60M | 240.44M | 787.83M | 2.40B | 3.80B | 3.69B |
| Cash & Equivalents | 238.93M | 119.03M | 54.59M | 551.40M | 20.25M | 41.81M |
| Accounts Receivable | 7.66M | 13.02M | 25.44M | 54.10M | 63.93M | 61.38M |
| Other Receivables | 397.00K | 902.00K | 1.77M | |||
| Other Intangible Assets | 831.00K | 7.51M | 12.94M | 34.66M | 87.75M | 94.06M |
| Restricted Cash | 2.42M | 3.78M | 13.07M | 16.91M | 960.00K | 1.45M |
| Other Current Assets | 4.31M | 6.39M | 7.53M | 956.07M | 18.05M | 11.52M |
| Deferred Long-Term Charges | 5.33M | 7.53M | 4.15M | |||
| Other Long-Term Assets | 27.15M | 27.68M | 30.43M | 39.37M | 48.10M | 66.33M |
| Total Assets | 365.29M | 418.74M | 933.60M | 4.06B | 4.05B | 3.97B |
| Current Portion of Leases | 3.76M | |||||
| Long-Term Debt | 301.37M | 1.60B | 1.71B | 1.68B | ||
| Long-Term Leases | 30.57M | 35.53M | 37.11M | 37.78M | 38.49M | |
| Accounts Payable | 17.48M | 22.86M | 46.19M | 125.38M | 117.38M | 120.60M |
| Other Current Liabilities | 52.69M | 122.80M | 30.39M | 28.24M | ||
| Other Long-Term Liabilities | 12.87M | 26.78M | 33.76M | 59.83M | 59.69M | |
| Total Liabilities | 83.03M | 83.97M | 416.86M | 1.89B | 1.95B | 1.92B |
| Preferred Stock, Redeemable | 175.00M | 175.00M | 175.00M | |||
| Common Stock | 5.25M | 5.25M | 5.25M | 5.36M | 21.44M | 21.13M |
| Additional Paid-In Capital | 3.98B | 3.98B | 3.98B | 5.99B | 5.97B | 5.93B |
| Distributions in Excess of Earnings | -3.70B | -3.65B | -3.47B | -3.93B | -4.05B | -4.09B |
| Treasury Stock | -35.00K | -228.00K | -10.15M | -72.35M | -51.52M | -5.35M |
| Comprehensive Income & Other | 13.51M | 11.29M | 14.06M | 4.70M | ||
| Total Common Equity | 282.26M | 334.76M | 516.74M | 2.00B | 1.91B | 1.86B |
| Minority Interest | 5.79M | 5.79M | ||||
| Shareholders' Equity | 282.26M | 334.76M | 516.74M | 2.18B | 2.09B | 2.04B |
| Total Liabilities & Equity | 365.29M | 418.74M | 933.60M | 4.06B | 4.05B | 3.97B |
| Total Debt | 34.33M | 336.90M | 1.64B | 1.74B | 1.72B | |
| Net Cash (Debt) | 238.93M | 84.70M | -282.31M | -1.09B | -1.72B | -1.67B |
| Net Cash Per Share | 4.55 | 1.62 | -5.37 | -20.73 | -32.25 | -32.02 |
| Filing Date Shares Outstanding | 52.48M | 52.46M | 52.43M | 52.34M | 52.59M | 52.81M |
| Total Common Shares Outstanding | 52.47M | 52.46M | 52.19M | 52.26M | 52.65M | 52.75M |
| Book Value Per Share | 5.38 | 6.38 | 9.90 | 38.28 | 36.31 | 35.30 |
| Tangible Book Value | 281.43M | 327.26M | 503.80M | 1.97B | 1.82B | 1.77B |
| Tangible Book Value Per Share | 5.36 | 6.24 | 9.65 | 37.62 | 34.65 | 33.51 |
| Land | 20.35M | 47.18M | 204.72M | 614.33M | 1.07B | 1.01B |
| Buildings | 113.61M | 338.53M | 964.85M | 2.69B | 3.73B | 3.62B |
| Construction In Progress | 548.00K | 2.55M | 2.68M | 37.88M | 56.47M | 47.26M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 127.91M | 177.86M | 531.82M | 265.70M | 168.72M | 124.94M |
| Depreciation & Amortization | 27.55M | 44.81M | 130.90M | 212.46M | 203.55M | 185.77M |
| Other Amortization | 10.76M | 12.65M | 47.46M | 4.46M | 5.08M | 4.31M |
| Gain (Loss) on Sale of Assets | -277.32M | -319.77M | -633.22M | -219.03M | -46.64M | -6.07M |
| Gain (Loss) on Sale of Investments | -19.99M | -2.67M | -3.75M | -45.58M | -19.18M | |
| Asset Writedown | 132.52M | 114.07M | 66.60M | 2.54M | 7.27M | |
| Stock-Based Compensation | 1.28M | 1.39M | 6.83M | 7.63M | 7.22M | 13.53M |
| Income (Loss) on Equity Investments | 1.37M | 858.00K | -82.00K | -6.31M | -26.99M | -42.19M |
| Change in Accounts Receivable | 4.17M | 7.96M | 6.00M | -7.47M | -5.53M | 15.87M |
| Change in Accounts Payable | -23.18M | -12.53M | -21.58M | -3.04M | -125.00K | -2.99M |
| Change in Other Net Operating Assets | -2.83M | -8.60M | -20.72M | -10.05M | -2.14M | 773.00K |
| Other Operating Activities | 911.00K | 697.00K | -2.08M | -2.83M | 481.00K | |
| Operating Cash Flow | -17.77M | 19.61M | 112.04M | 238.53M | 257.26M | 282.51M |
| Acquisition of Real Estate Assets | -13.13M | -14.14M | -284.87M | -272.80M | -449.93M | -207.13M |
| Sale of Real Estate Assets | 742.55M | 717.66M | 2.13B | 821.69M | 201.82M | 29.70M |
| Net Sale / Acq. of Real Estate Assets | 729.42M | 703.51M | 1.84B | 548.88M | -248.11M | -177.44M |
| Investment in Marketable & Equity Securities | 22.15M | 1.88M | 2.53M | 14.39M | 80.55M | 251.89M |
| Other Investing Activities | -3.38M | |||||
| Investing Cash Flow | 751.57M | 705.39M | 1.84B | 559.90M | -167.56M | 74.45M |
| Long-Term Debt Issued | 530.00M | 100.00M | 100.00M | |||
| Long-Term Debt Repaid | -306.76M | -1.85B | -181.35M | -71.21M | -350.29M | |
| Net Debt Issued (Repaid) | -292.04M | -306.76M | -1.32B | -81.35M | 28.79M | -350.29M |
| Issuance of Common Stock | 36.72M | 224.97M | ||||
| Repurchase of Common Stock | -36.00K | -94.00K | -4.77M | -31.83M | -48.18M | -6.06M |
| Preferred Share Repurchases | -175.03M | -150.02M | ||||
| Common & Preferred Dividends Paid | -355.74M | -355.74M | -128.06M | -120.52M | -120.02M | -99.54M |
| Total Dividends Paid | -355.74M | -355.74M | -128.06M | -120.52M | -120.02M | -99.54M |
| Other Financing Activities | -7.16M | -7.26M | -824.65M | -16.92M | -9.06M | -7.20M |
| Foreign Exchange Rate Adjustments | -1.00K | |||||
| Miscellaneous Cash Flow Adjustments | 1.00K | |||||
| Net Cash Flow | 78.82M | 55.15M | -501.37M | 547.82M | -22.04M | -31.16M |
| Levered Free Cash Flow | -29.15M | 48.26M | 947.09M | -615.16M | 235.70M | 304.85M |
| Unlevered Free Cash Flow | -37.07M | 45.17M | 936.79M | -569.32M | 278.17M | 348.28M |
| Cash Interest Paid | 15.10M | 15.10M | 59.70M | 75.10M | 70.20M | 69.60M |
| Change in Working Capital | -21.85M | -13.17M | -36.30M | -20.55M | -7.79M | 13.66M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 195.73M | 336.81M | 801.66M | 2.85B | 2.90B | 3.36B |
| Enterprise Value | -43.19M | 457.28M | 214.41M | 4.74B | 4.88B | 5.27B |
| Last Close Price | 3.73 | 4.92 | 5.80 | 5.60 | 5.33 | 5.95 |
| Price/FFO Ratio | -17.24 | 13.30 | 3.84 | 1.22 | 1.14 | |
| Price/AFFO Ratio | 13.28 | 3.84 | 1.22 | 1.14 | ||
| PE Ratio | 1.55 | 1.91 | 1.56 | 11.23 | 18.48 | 31.82 |
| PS Ratio | 2.80 | 2.74 | 2.87 | 6.24 | 5.79 | 5.77 |
| PB Ratio | 0.69 | 1.01 | 1.55 | 1.31 | 1.39 | 1.64 |
| P/OCF Ratio | 17.17 | 7.16 | 11.96 | 11.28 | 11.89 | |
| EV/Sales Ratio | 3.72 | 0.77 | 10.37 | 9.74 | 9.05 | |
| EV/EBITDA Ratio | 10.75 | 1.29 | 15.84 | 14.95 | 14.07 | |
| EV/EBIT Ratio | 6.15 | 54.56 | 39.62 | 27.92 | ||
| Debt / Equity Ratio | 0.10 | 0.65 | 0.75 | 0.83 | 0.84 | |
| Debt / EBITDA Ratio | 0.72 | 1.98 | 5.39 | 5.26 | 4.52 | |
| Net Debt / Equity Ratio | -0.85 | -0.25 | 0.55 | 0.50 | 0.82 | 0.82 |
| Net Debt / EBITDA Ratio | -70.69 | -1.99 | 1.70 | 3.63 | 5.28 | 4.47 |
| Asset Turnover | 0.11 | 0.18 | 0.11 | 0.11 | 0.12 | 0.14 |
| Quick Ratio | 3.52 | 4.99 | 1.77 | 2.44 | 0.57 | 0.69 |
| Current Ratio | 3.62 | 5.38 | 2.22 | 6.36 | 0.70 | 0.78 |
| Return on Equity (ROE) | 33.27% | 41.77% | 39.06% | 10.75% | 6.73% | 6.29% |
| Return on Assets (ROA) | -2.28% | -0.21% | 0.87% | 1.34% | 1.92% | 2.92% |
| Return on Invested Capital (ROIC) | -7.82% | -0.37% | 1.49% | 2.25% | 3.23% | 4.86% |
| Earnings Yield | 64.58% | 52.81% | 66.34% | 9.31% | 5.81% | 3.72% |
| Dividend Yield | 107.24% | 6.77% | 3.81% | 3.77% | 2.95% | |
| Payout Ratio | 166.05% | 200.01% | 24.08% | 45.36% | 71.13% | 79.67% |
| Buyback Yield / Dilution | 0.12% | 0.26% | -0.34% | 1.99% | -2.27% | -7.93% |
| Total Shareholder Return | 107.36% | 0.26% | 6.43% | 5.80% | 1.50% | -4.98% |