SITC - SITE Centers Corp Stock Price, Fair Value and News

13.90USD+0.02 (+0.14%)Delayed as of 14 May 2024, 02:03 pm ET

Market Summary

USD13.90+0.02

Delayedas of 14 May 2024, 02:03 pm

0.14%

SITC Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)
Losses in recent quarter

SITC Stock Price

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SITC RSI Chart

SITC Valuation

Market Cap

2.9B

Price/Earnings (Trailing)

12.82

Price/Sales (Trailing)

5.49

EV/EBITDA

4.61

Price/Free Cashflow

12.31

SITC Price/Sales (Trailing)

SITC Profitability

EBT Margin

43.22%

Return on Equity

10.68%

Return on Assets

5.83%

Free Cashflow Yield

8.13%

SITC Fundamentals

SITC Revenue

Revenue (TTM)

529.7M

Rev. Growth (Yr)

-11.97%

Rev. Growth (Qtr)

-2.07%

SITC Earnings

Earnings (TTM)

226.9M

Earnings Growth (Yr)

-254.1%

Earnings Growth (Qtr)

-111.99%

Breaking Down SITC Revenue

52 Week Range

11.3914.63

(Low)(High)

Last 7 days

-1.1%

Last 30 days

0.7%

Last 90 days

-1.5%

Trailing 12 Months

18.8%

How does SITC drawdown profile look like?

SITC Financial Health

Debt/Equity

1.95

Debt/Cashflow

0.06

SITC Investor Care

Dividend Yield

5.83%

Dividend/Share (TTM)

0.8

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

1.02

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	529.7M	0	0	0
2023	556.7M	554.2M	560.1M	546.3M
2022	539.0M	544.3M	548.7M	552.4M
2021	459.2M	487.1M	515.9M	532.9M
2020	506.3M	485.2M	468.2M	460.3M
2019	623.2M	540.4M	518.8M	508.0M
2018	896.2M	871.6M	788.2M	707.3M
2017	991.8M	970.7M	944.3M	921.6M
2016	1.0B	1.0B	1.0B	1.0B
2015	1.0B	1.0B	1.0B	1.0B
2014	882.5M	926.9M	970.6M	985.7M
2013	767.6M	780.0M	791.0M	829.9M
2012	684.6M	682.9M	749.1M	761.5M
2011	747.7M	749.7M	689.9M	691.2M
2010	724.6M	712.0M	700.7M	746.4M
2009	0	796.2M	767.4M	738.6M
2008	0	0	0	825.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of SITE Centers Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 13, 2024	yarian christina m.	acquired	-	-	14,195	svp & chief accounting officer
Mar 04, 2024	lukes david r	acquired	-	-	142,822	president & ceo
Mar 04, 2024	fennerty conor	acquired	-	-	35,705	evp, cfo & treasurer
Mar 04, 2024	lukes david r	sold (taxes)	-994,506	13.64	-72,911	president & ceo
Mar 04, 2024	fennerty conor	sold (taxes)	-248,630	13.64	-18,228	evp, cfo & treasurer
Feb 22, 2024	fennerty conor	sold (taxes)	-245,110	14.16	-17,310	evp, cfo & treasurer
Feb 22, 2024	lukes david r	sold (taxes)	-850,634	14.16	-60,073	president & ceo
Feb 22, 2024	fennerty conor	acquired	-	-	17,828	evp, cfo & treasurer
Feb 22, 2024	lukes david r	acquired	-	-	71,298	president & ceo
Feb 22, 2024	cattonar john m	acquired	-	-	10,696	evp & chief investment officer

Which funds bought or sold SITC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	OSAIC HOLDINGS, INC.	reduced	-49.86	-15,234	17,858	-%
May 10, 2024	VANGUARD GROUP INC	reduced	-0.78	27,458,800	440,990,000	0.01%
May 10, 2024	LPL Financial LLC	sold off	-100	-536,831	-	-%
May 10, 2024	CREDIT SUISSE AG/	added	2.1	430,205	4,844,980	-%
May 10, 2024	PNC Financial Services Group, Inc.	reduced	-0.27	17,479	260,420	-%
May 10, 2024	Y-Intercept (Hong Kong) Ltd	reduced	-51.24	-275,698	303,577	0.02%
May 10, 2024	Mitsubishi UFJ Trust & Banking Corp	sold off	-100	-716,209	-	-%
May 10, 2024	BlackRock Inc.	reduced	-1.43	28,437,400	506,639,000	0.01%
May 10, 2024	JPMORGAN CHASE & CO	reduced	-26.05	-9,333,120	36,156,700	-%
May 10, 2024	CITIGROUP INC	added	2.39	253,966	2,779,620	-%

Are Funds Buying or Selling SITC?

Are funds buying SITC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SITC

No. of Funds

Unveiling SITE Centers Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	cohen & steers, inc.	1.41%	2,956,167	SC 13G/A
Feb 13, 2024	vanguard group inc	14.49%	30,339,767	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G
Jan 29, 2024	state street corp	5.73%	11,984,263	SC 13G/A
Jan 22, 2024	blackrock inc.	16.8%	35,084,454	SC 13G/A
Feb 14, 2023	cohen & steers, inc.	5.15%	10,951,794	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	14.83%	31,523,812	SC 13G/A
Feb 07, 2023	state street corp	5.81%	12,341,312	SC 13G
Jan 23, 2023	blackrock inc.	14.5%	30,820,189	SC 13G/A

Recent SEC filings of SITE Centers Corp

View All Filings

Date Filed	Form Type	Document
May 09, 2024	8-K	Current Report
May 01, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Apr 18, 2024	3/A	Insider Trading
Apr 02, 2024	ARS	ARS
Apr 02, 2024	DEF 14A	DEF 14A
Mar 15, 2024	144	Notice of Insider Sale Intent
Mar 14, 2024	3	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 13, 2024	8-K	Current Report

Peers (Alternatives to SITE Centers Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	86.4B	11.2B	3.28%	-7.59%	43.79	7.71	3.63%	50.79%
CCI	43.5B	6.8B	3.45%	-14.26%	31.18	6.35	-2.39%	-16.60%
AVB	28.0B	2.8B	7.19%	9.33%	29.32	9.98	5.72%	-6.47%
ARE	21.1B	3.0B	-0.89%	1.08%	107.56	7.15	10.44%	-73.79%
AMH	13.2B	-	1.07%	2.60%	31.17	8.11	8.93%	11.87%
REG	11.0B	1.4B	2.24%	2.17%	29.57	8.08	10.48%	-2.93%
BXP	9.9B	3.3B	3.53%	29.60%	51.27	2.98	4.82%	-75.15%
MID-CAP
FRT	8.5B	1.2B	2.74%	12.10%	35.66	7.39	5.48%	-38.69%
SLG	3.4B	892.3M	3.59%	153.70%	-6.71	3.85	-5.33%	-307.54%
MAC	3.3B	878.0M	-3.54%	65.00%	-9.78	3.81	2.35%	-290.60%
SMALL-CAP
AAT	1.4B	444.1M	7.22%	18.58%	19.75	3.05	3.54%	8.91%
AIV	1.2B	198.2M	0.25%	-4.47%	-7.42	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	0.56%	5.89%	35.97	1.69	27.93%	140.31%
NYMT	561.1M	285.4M	-11.89%	-36.73%	-4.07	1.97	11.05%	83.70%
IVR	451.1M	277.2M	9.09%	-13.40%	-55.02	1.63	25.89%	94.64%

SITE Centers Corp News

Latest updates

SITE Centers Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-2.1%	122	125	145	138	139	139	139	141	134	135	134	135	128	118	106	108	129	126	123	129	131
Costs and Expenses	-	-	-	-	-	-	-	-	-	-	-	94.00	99.00	-	-	87.00	88.00	-	-	-	-	-
Operating Expenses	58.0%	158	100	106	115	108	105	105	108	105	98.00	94.00	99.00	110	272	19.00	19.00	91.00	89.00	92.00	92.00	94.00
S&GA Expenses	-100.0%	-	15.00	11.00	14.00	11.00	12.00	11.00	11.00	12.00	14.00	12.00	12.00	17.00	14.00	14.00	14.00	11.00	14.00	15.00	15.00	14.00
EBITDA Margin	-6.2%	0.97*	1.03*	0.71*	0.74*	0.82*	0.82*	0.87*	0.79*	0.72*	0.73*	0.63*	0.62*	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.5%	19.00	20.00	21.00	21.00	20.00	20.00	20.00	19.00	18.00	19.00	19.00	19.00	19.00	19.00	18.00	20.00	21.00	21.00	21.00	21.00	22.00
Income Taxes	-79.6%	0.00	1.00	0.00	0.00	0.00	-0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.17	0.00	0.00	0.00
Earnings Before Taxes	-111.8%	-23.30	198	49.00	6.00	16.00	28.00	66.00	61.00	14.00	60.00	28.00	22.00	17.00	-0.77	8.00	-4.06	35.00	24.00	24.00	18.00	36.00
EBT Margin	-11.8%	0.43*	0.49*	0.18*	0.21*	0.31*	0.31*	0.37*	0.30*	0.23*	0.24*	0.13*	0.09*	-	-	-	-	-	-	-	-	-
Net Income	-112.0%	-23.55	196	49.00	5.00	15.00	28.00	66.00	60.00	14.00	59.00	28.00	22.00	16.00	-1.29	7.00	-4.61	34.00	24.00	24.00	17.00	36.00
Net Income Margin	-11.9%	0.43*	0.49*	0.17*	0.21*	0.31*	0.31*	0.36*	0.30*	0.23*	0.23*	0.13*	0.09*	-	-	-	-	-	-	-	-	-
Free Cashflow	-14.1%	40.00	46.00	65.00	85.00	42.00	52.00	73.00	82.00	50.00	65.00	73.00	89.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-4.2%	3,893	4,061	4,025	4,061	4,053	4,045	4,197	4,203	4,051	3,967	4,052	4,053	4,175	4,108	3,945	4,049	4,445	4,094	4,100	4,143	4,116
Cash Equivalents	-0.1%	551	552	27.00	28.00	25.00	20.00	21.00	39.00	17.00	42.00	62.00	58.00	191	70.00	57.00	128	514	16.00	24.00	9.00	10.00
Liabilities	-6.2%	1,769	1,886	1,978	2,036	2,008	1,952	2,080	2,113	1,995	1,924	2,034	2,036	2,004	2,163	1,985	2,089	2,478	2,112	2,092	2,115	2,063
Shareholder's Equity	-2.4%	2,124	2,176	2,047	2,025	2,045	2,087	2,117	2,091	2,056	2,043	2,018	2,017	2,172	1,945	1,960	1,960	1,967	1,981	2,008	2,027	2,053
Additional Paid-In Capital	-0.1%	5,972	5,975	5,973	5,972	5,966	5,974	5,974	5,973	5,969	5,934	5,942	5,941	5,934	5,705	5,706	5,705	5,704	5,700	5,548	5,546	5,545
Minority Interest	-	-	-	-	-	6.00	6.00	6.00	6.00	6.00	6.00	4.00	4.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Float	-	-	-	-	2,500	-	-	-	2,600	-	-	-	2,700	-	-	-	1,200	-	-	-	1,800	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-14.1%	39,952	46,484	65,252	84,630	42,167	51,776	73,379	82,086	50,021	65,151	72,608	88,646	56,110	64,236	54,069	36,015	35,850	80,734	69,211	77,946	42,263
Share Based Compensation	-3.4%	2,031	2,103	1,895	1,875	1,760	1,788	1,802	1,805	1,823	1,835	2,072	1,932	7,694	3,130	2,904	2,748	18.00	308	3,790	2,875	2,917
Cashflow From Investing	-87.3%	78,137	617,411	55,444	-62,130	-50,826	115,284	6,108	-134,447	-154,504	139,182	-33,170	-42,100	10,539	108	-9,549	-17,220	129,139	-40,026	21,199	-68,028	76,460
Cashflow From Financing	17.5%	-130,402	-158,125	-86,028	-19,366	12,904	-169,848	-96,665	74,327	80,445	-226,419	-35,251	-179,096	52,639	-47,422	-115,704	-404,471	330,234	-47,602	-75,551	-10,428	-120,697
Dividend Payments	112.0%	63,733	30,068	30,049	30,048	30,353	30,493	30,658	30,657	28,208	28,216	28,219	28,262	14,844	5,133	5,132	44,047	44,036	46,159	44,641	44,636	45,262
Buy Backs	-	-	-	-	-	26,611	22,256	20,000	-	-	-	-	-	-	-	-	-	7,500	-	-	-	14,069

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SITC Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from operations:
Rental income	$ 119,592	$ 135,872
Fee and other income	2,499	2,820
Total revenue from operations	122,091	138,692
Rental operation expenses:
Operating and maintenance	20,544	23,166
Real estate taxes	16,738	20,053
Impairment charges	66,600	0
General and administrative	11,072	10,645
Depreciation and amortization	43,150	54,016
Total rental operation expenses	158,104	107,880
Other income (expense):
Interest expense	(18,913)	(19,923)
Interest income	7,294	0
Gain on debt retirement	760	0
Loss on equity derivative instruments	(4,096)	0
Other income (expense), net	(4,063)	(687)
Total other income (expense)	(19,018)	(20,610)
(Loss) income before earnings from equity method investments and other items	(55,031)	10,202
Equity in net income of joint ventures	17	1,359
Gain on sale and change in control of interests, net	0	3,749
Gain on disposition of real estate, net	31,714	205
(Loss) income before tax expense	(23,300)	15,515
Tax expense of taxable REIT subsidiaries and state franchise and income taxes	(252)	(213)
Net (loss) income	(23,552)	15,302
Income attributable to non-controlling interests, net	0	(18)
Net (loss) income attributable to SITE Centers	(23,552)	15,284
Preferred dividends	(2,789)	(2,789)
Net (loss) income attributable to common shareholders	$ (26,341)	$ 12,495
Per share data:
Basic	$ (0.13)	$ 0.06
Diluted	$ (0.13)	$ 0.06

SITC Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Land	$ 906,727	$ 930,540
Buildings	3,185,457	3,311,368
Fixtures and tenant improvements	542,875	537,872
Total real estate rental property	4,635,059	4,779,780
Less: Accumulated depreciation	(1,575,920)	(1,570,377)
Real estate rental property, net	3,059,139	3,209,403
Construction in progress and land	54,148	51,379
Total real estate assets, net	3,113,287	3,260,782
Investments in and advances to joint ventures, net	38,607	39,372
Cash and cash equivalents	551,285	551,968
Restricted cash	5,433	17,063
Accounts receivable	57,159	65,623
Other assets, net	126,807	126,543
Total assets	3,892,578	4,061,351
Unsecured indebtedness:
Senior notes, net	1,242,191	1,303,243
Term loan, net	198,940	198,856
Revolving credit facility	0	0
Total unsecured indebtedness	1,441,131	1,502,099
Mortgage indebtedness, net	124,100	124,176
Total indebtedness	1,565,231	1,626,275
Accounts payable and other liabilities	173,242	195,727
Dividends payable	30,161	63,806
Total liabilities	1,768,634	1,885,808
Commitments and contingencies
SITE Centers Equity
Common shares, with par value, $0.10 stated value; 300,000,000 shares authorized; 214,375,205 and 214,373,833 shares issued at March 31, 2024 and December 31, 2023, respectively	21,437	21,437
Additional paid-in capital	5,971,666	5,974,904
Accumulated distributions in excess of net income	(3,988,449)	(3,934,736)
Deferred compensation obligation	5,052	5,167
Accumulated other comprehensive income	8,723	6,121
Less: Common shares in treasury at cost: 5,107,171 and 5,340,654 shares at March 31, 2024 and December 31, 2022, respectively	(69,485)	(72,350)
Total equity	2,123,944	2,175,543
Total liabilities and equity	3,892,578	4,061,351
Class A Cumulative Redeemable Preferred Shares [Member]
SITE Centers Equity
Cumulative redeemable preferred shares	$ 175,000	$ 175,000

About SITE Centers Corp

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

CEO	Mr. David R. Lukes
WEBSITE	sitecenters.com
INDUSTRY	REIT Mortgage
EMPLOYEES	267

SITE Centers Corp Frequently Asked Questions

What is the ticker symbol for SITE Centers Corp? What does SITC stand for in stocks?

SITC is the stock ticker symbol of SITE Centers Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of SITE Centers Corp (SITC)?

As of Mon May 13 2024, market cap of SITE Centers Corp is 2.91 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SITC stock?

You can check SITC's fair value in chart for subscribers.

What is the fair value of SITC stock?

You can check SITC's fair value in chart for subscribers. The fair value of SITE Centers Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of SITE Centers Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SITC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is SITE Centers Corp a good stock to buy?

The fair value guage provides a quick view whether SITC is over valued or under valued. Whether SITE Centers Corp is cheap or expensive depends on the assumptions which impact SITE Centers Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SITC.

What is SITE Centers Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, SITC's PE ratio (Price to Earnings) is 12.82 and Price to Sales (PS) ratio is 5.49. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SITC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on SITE Centers Corp's stock?

In the past 10 years, SITE Centers Corp has provided -0.032 (multiply by 100 for percentage) rate of return.