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SITE Centers
(NYSE:SITC)
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Rating:62Neutral
Price Target:
$3.50
â–²(17.06% Upside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by mixed financial performance: deleveraging strengthens the balance sheet, but declining revenue and negative TTM operating/free cash flow weigh heavily. Valuation is a major offset with a very low P/E and outsized yield, while technicals show positive momentum but overbought signals. The recent asset sale modestly supports the outlook via added proceeds and strategic portfolio refining.
Positive Factors
Deleveraging
Sharp debt reduction materially strengthens SITE Centers’ financial flexibility and lowers balance-sheet pressure. A near-zero TTM debt-to-equity position can improve resilience, support capital recycling, and give management more capacity to address operating volatility over the next several quarters.
Negative Factors
Revenue decline
Multi-year revenue contraction, accelerating to roughly 24% in the latest TTM period, indicates weakening scale across the property portfolio. Persistent top-line pressure can reduce leasing income, limit operating leverage, and make it harder to sustain cash distributions without asset sales or other support.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging
Sharp debt reduction materially strengthens SITE Centers’ financial flexibility and lowers balance-sheet pressure. A near-zero TTM debt-to-equity position can improve resilience, support capital recycling, and give management more capacity to address operating volatility over the next several quarters.
Read all positive factors
SITE Centers (SITC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$161.62M
Dividend Yield204.25%
Average Volume (3M)1.28M
Price to Earnings (P/E)1.3
Beta (1Y)0.33
Revenue Growth-64.75%
EPS Growth-64.43%
CountryUS
Employees155
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)2.44
Shares Outstanding52,475,338
10 Day Avg. Volume1,949,163
30 Day Avg. Volume1,277,988
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.01
Price to Sales (P/S)2.73
P/FCF Ratio17.17
Enterprise Value/Market Cap-0.18
Enterprise Value/Revenue-0.42
Enterprise Value/Gross Profit0.46
Enterprise Value/Ebitda-0.16
Forecast
1Y Price Target
$3.50Price Target Upside17.06% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.43
Revenue Forecast (FY)$27.50M
SITE Centers Business Overview & Revenue Model
Company Description
SITE Centers specializes in the ownership and management of open-air retail complexes, curating an engaging shopping atmosphere and a desirable selection of stores for both its retail tenants and their customers. As a self-governing Real Estate In...
How the Company Makes Money
SITE Centers primarily makes money through rental income generated by leasing space in its open-air shopping centers to retail and service tenants. The largest revenue stream is base rent paid under long-term leases; in addition, the company typic...
SITE Centers Earnings Call Summary
Earnings Call Date:Jul 30, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The earnings call reflected a generally positive outlook with strong transaction activity and leasing performance, particularly in the Curbline portfolio. However, there were some concerns about occupancy challenges and volatility in operating metrics. Overall, the strategic focus on growth and strong leasing spreads were positive indicators.Positive Updates
Significant Transaction Activity
Closed nearly $1 billion of transactions in Q2 2024, including $951 million of wholly-owned property sales year-to-date, with an additional $1 billion of real estate under contract or negotiation.
Negative Updates
Occupancy Challenges
Leased rate was down 100 basis points sequentially due to the sale of assets with high lease rates and acquisition of vacant spaces.
Read all updates
Q2-2024 Updates
Positive
Negative
Significant Transaction Activity
Closed nearly $1 billion of transactions in Q2 2024, including $951 million of wholly-owned property sales year-to-date, with an additional $1 billion of real estate under contract or negotiation.
Read all positive updates
Company Guidance
During the SITE Centers' Q2 2024 earnings call, guidance provided included several key metrics and strategic updates. The company closed nearly $1 billion in transactions for the quarter, including over $50 million in debt purchases or retirements. The Curbline Properties portfolio, which is part of a planned spin-off expected in October 2024, reported a 24% trailing 12-month new leasing spread. The portfolio comprises 72 wholly-owned Convenience Properties, expected to generate about $84 million in NOI, and boasts a same-store NOI growth projection greater than 3% for the next three years. SITE Centers has closed $951 million in property sales year-to-date, with a total of $1.8 billion in dispositions at an average cap rate of 7.1%. The company has over $1 billion of real estate either under contract or in negotiation, with an anticipated overall cap rate in the mid-7s. The call emphasized the continued focus on acquisitions, with $65 million in Convenience Property purchases in Q2 and over $200 million awarded or under contract, highlighting an acquisition strategy centered on high-income areas and minimal CapEx requirements.SITE Centers Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.88M | 123.17M | 277.47M | 452.62M | 479.22M | 532.86M |
| Gross Profit | -64.00M | -7.00M | 181.80M | 308.81M | 324.61M | 380.08M |
| EBITDA | 188.97M | 237.75M | 687.33M | 524.34M | 419.63M | 389.12M |
| Net Income | 127.91M | 177.86M | 531.82M | 265.70M | 168.72M | 124.94M |
Balance Sheet | ||||||
| Total Assets | 365.29M | 418.74M | 933.60M | 4.06B | 4.05B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 238.93M | 119.03M | 54.59M | 551.97M | 20.25M | 41.81M |
| Total Debt | 0.00 | 74.24M | 301.37M | 1.63B | 1.71B | 1.68B |
| Total Liabilities | 83.03M | 83.97M | 416.86M | 1.89B | 1.95B | 1.92B |
| Stockholders Equity | 282.26M | 334.76M | 516.74M | 2.18B | 2.09B | 2.04B |
Cash Flow | ||||||
| Free Cash Flow | -21.78M | 19.61M | 56.05M | 238.53M | 257.26M | 282.51M |
| Operating Cash Flow | -17.77M | 19.61M | 114.84M | 238.53M | 257.26M | 282.51M |
| Investing Cash Flow | 751.57M | 705.39M | 1.84B | 559.90M | -167.56M | 74.45M |
| Financing Cash Flow | -655.01M | -669.86M | -2.46B | -250.62M | -111.74M | -388.13M |
SITE Centers Technical Analysis
Negative
2.99
Price Trends
3.04
Positive
3.29
Negative
3.91
Negative
Market Momentum
0.03
Positive
47.00
Neutral
8.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SITC, the sentiment is Negative. The current price of 2.99 is below the 20-day moving average (MA) of 3.12, below the 50-day MA of 3.04, and below the 200-day MA of 3.91, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 47.00 is Neutral, neither overbought nor oversold. The STOCH value of 8.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SITC.
SITE Centers Risk Analysis
SITE Centers disclosed 39 risk factors in its most recent earnings report. SITE Centers reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SITE Centers Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $13.13B | 20.30 | 9.59% | 4.21% | 8.36% | 38.21% | |
74 Outperform | $8.42B | 19.21 | 14.39% | 4.51% | 5.13% | 28.20% | |
73 Outperform | $14.97B | 25.22 | 5.84% | 4.72% | 3.82% | 2.94% | |
68 Neutral | $5.33B | 32.79 | 6.24% | 3.49% | 8.07% | 106.29% | |
66 Neutral | $4.83B | 14.89 | 11.27% | 5.41% | -5.84% | 395.39% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $161.62M | 1.25 | 40.56% | 204.25% | -64.75% | -64.43% |
* Real Estate Sector Average
SITC
SITE Centers
3.06
-1.96
-39.01%
KIM
Kimco Realty
22.45
2.04
9.97%
REG
Regency Centers
71.65
2.68
3.89%
KRG
Kite Realty Group
24.12
3.41
16.49%
BRX
Brixmor Property
27.28
1.41
5.44%
PECO
Phillips Edison & Company
37.71
5.12
15.70%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.