A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
SITE Centers Corp.
SITC
$232M
Mkt Cap
$4.38
+2.82%
SITE Centers Corp. (SITC) has a current P/E ratio of 1.3, compared to its historical median P/E of 2.1. The stock is currently considered Fair based on its historical valuation range.
SITE Centers Corp. (SITC) has a 5-year average return on invested capital (ROIC) of 22.9%. This indicates strong capital allocation and a potential competitive advantage.
SITE Centers Corp. (SITC) has a market capitalization of $230M. It is classified as a small-cap stock.
Yes, SITE Centers Corp. (SITC) pays a dividend with a trailing twelve-month yield of 154.11%.
Based on historical P/E analysis, SITE Centers Corp. (SITC) appears fair. The current P/E of 1.3 is 38% below its historical median of 2.1. The estimated fair value CAGR (P/E method) is 36.1%.
SITE Centers Corp. (SITC) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
SITE Centers Corp. (SITC) reported annual revenue of $124 million in its most recent fiscal year, based on SEC EDGAR filings.
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”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 94M | 124M | 277M | 453M | 479M | 533M |
| Net Income | 170M | 178M | 516M | 255M | 158M | 106M |
| EPS | $3.23 | $3.36 | $9.77 | $19.40 | $11.76 | $2.04 |
| Free Cash Flow | 0 | 18M | -123M | 51M | -66M | 152M |
| ROIC | 0.0% | 56.8% | 33.9% | 10.4% | 6.7% | 6.7% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.25 | 0.00 | 0.60 | 0.70 | 0.71 |
| Dividends/Share | $0.00 | $6.75 | $2.42 | $10.88 | $8.32 | $1.88 |
| Operating Income | 0 | 193M | 576M | 339M | 236M | 184M |
| Operating Margin | 0.0% | - | - | 74.8% | 49.3% | 34.5% |
| ROE | 50.5% | 41.8% | 38.3% | 11.9% | 7.6% | 5.3% |
| Shares Outstanding | 52M | 53M | 53M | 13M | 13M | 52M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 986M | 1.0B | 1.0B | 922M | 707M | 508M | 460M | 533M | 479M | 453M | 277M | 124M | 94M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 84M | 73M | 61M | 77M | 62M | 58M | 53M | 55M | 47M | 62M | 55M | 40M | 39M |
| EBIT | 705M | 734M | 714M | 658M | 499M | 368M | 322M | 184M | 236M | 339M | 576M | 193M | 0 |
| Op. Margin | 71.5% | 71.4% | 71.0% | 71.4% | 70.6% | 72.5% | 69.9% | 34.5% | 49.3% | 74.8% | N/A | N/A | 0.0% |
| Net Income | 91M | -95M | 38M | -270M | 81M | 61M | 15M | 106M | 158M | 255M | 516M | 178M | 170M |
| Net Margin | 9.3% | -9.2% | 3.7% | -29.3% | 11.4% | 12.1% | 3.3% | 19.9% | 32.9% | 56.2% | 186.0% | 143.8% | 180.3% |
| Non-Recurring | 29M | 279M | 111M | 340M | 69M | 3.4M | 5.2M | 7.3M | 2.5M | 0 | 67M | 114M | 114M |
| Returns on Capital | |||||||||||||
| ROIC | 15.4% | 17.9% | 13.6% | 11.2% | 10.9% | 10.3% | 11.1% | 6.7% | 6.7% | 10.4% | 33.9% | 56.8% | 0.0% |
| ROE | 2.4% | -2.6% | 1.1% | -8.8% | 3.3% | 3.0% | 0.8% | 5.3% | 7.6% | 11.9% | 38.3% | 41.8% | 50.5% |
| ROA | 1.0% | -1.0% | 0.4% | -3.5% | 1.4% | 1.5% | 0.4% | 2.6% | 3.9% | 6.3% | 20.7% | 26.3% | 42.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 420M | 435M | 461M | 410M | 263M | 270M | 190M | 283M | 257M | 239M | 112M | 20M | 9.6M |
| Free Cash Flow | 89M | 259M | 315M | 324M | 228M | 195M | 190M | 152M | -66M | 51M | -123M | 18M | 0 |
| Owner Earnings | -8.8M | 25M | 63M | 53M | 14M | 95M | 11M | 83M | 46M | 18M | -26M | -27M | -28M |
| CapEx | 331M | 176M | 146M | 86M | 35M | 76M | 0 | 131M | 324M | 188M | 235M | 1.8M | 0 |
| Maint. CapEx | 419M | 402M | 390M | 346M | 242M | 165M | 171M | 186M | 204M | 212M | 131M | 45M | 37M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | N/A | 0 | 120M | 0 | 104M | 0 | 0 |
| D&A | 419M | 402M | 390M | 346M | 242M | 165M | 171M | 186M | 204M | 212M | 131M | 45M | 37M |
| CapEx/OCF | 78.7% | 40.5% | 31.7% | 21.0% | 13.3% | 28.0% | N/A | 46.2% | 130.3% | 68.5% | 201.8% | 9.2% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 241M | 265M | 294M | 306M | 281M | 181M | 98M | 100M | 120M | 121M | 128M | 356M | 0 |
| Dividend Yield | 200.8% | 197.7% | 341.4% | 471.9% | 193.2% | 92.9% | 68.4% | 34.0% | 147.2% | 144.9% | 29.7% | 103.7% | N/A |
| Share Buybacks | 494K | 0 | 0 | 0 | 36M | 14M | 7.5M | 0 | 42M | 27M | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 24.2% | 6.5% | 4.2% | N/A | 12.8% | 6.6% | N/A | N/A | 0.0% |
| Stock-Based Comp | 10.0M | 7.9M | 7.8M | 11M | 7.5M | 9.9M | 8.8M | 14M | 7.2M | 7.6M | 6.8M | 1.4M | 1.3M |
| Debt Repayment | 497M | 1.1B | 195M | 542M | 1.0B | 5.0M | 0 | 0 | 7.6M | 1.7M | 12M | 6K | 6K |
| Balance Sheet | |||||||||||||
| Net Debt | 408M | 588M | 2.9B | 2.7B | 1.4B | 1.6B | 65M | 1.4B | 1.4B | 752M | -53M | N/A | -193M |
| Cash & Equiv. | 21M | 22M | 30M | 93M | 11M | 16M | 70M | 42M | 20M | 551M | 55M | 119M | 193M |
| Long-Term Debt | 400M | 400M | 0 | 0 | 1.4B | 50M | 0 | 0 | 88M | 684K | 1.6M | N/A | N/A |
| Debt/Equity | 0.11 | 0.18 | 0.90 | 0.97 | 0.70 | 0.83 | 0.07 | 0.71 | 0.70 | 0.60 | 0.00 | 0.25 | 0.00 |
| Interest Coverage | 3.0 | 3.0 | 3.3 | 3.5 | 3.5 | 4.3 | 4.1 | 2.4 | 3.0 | 4.1 | 9.7 | 12.6 | 12.6 |
| Equity | 3.8B | 3.5B | 3.2B | 2.9B | 2.1B | 2.0B | 1.9B | 2.0B | 2.1B | 2.2B | 517M | 335M | 336M |
| Total Assets | 9.5B | 9.1B | 8.2B | 7.2B | 4.2B | 4.1B | 4.1B | 4.0B | 4.0B | 4.1B | 934M | 419M | 402M |
| Total Liabilities | 5.7B | 5.6B | 5.0B | 4.3B | 2.1B | 2.1B | 2.2B | 1.9B | 2.0B | 1.9B | 417M | 84M | 66M |
| Intangibles | 389M | 311M | 242M | 182M | 77M | 58M | 90M | 94M | 88M | 35M | 13M | 7.5M | 1.9M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | -437M | -415M | -373M | -343M | -201M | -218M | -210M | -217M | -214M | -146M | -69M | -58M | -46M |
| Current Assets | 11M | 10M | 8.8M | 2.1M | 2.6M | 3.1M | 4.7M | 1.4M | 960K | 17M | 13M | 3.8M | 3.8M |
| Current Liabilities | 448M | 425M | 382M | 345M | 204M | 221M | 215M | 219M | 215M | 162M | 82M | 62M | 50M |
| Per Share Data | |||||||||||||
| EPS | 2.00 | -2.16 | 1.60 | -11.84 | 1.72 | 1.32 | 0.32 | 2.04 | 11.76 | 19.40 | 9.77 | 3.36 | 3.23 |
| Owner EPS | -0.19 | 0.56 | 2.69 | 2.31 | 0.29 | 2.05 | 0.23 | 1.60 | 3.47 | 1.41 | -0.49 | -0.50 | -0.54 |
| Book Value | 82.60 | 78.94 | 137.63 | 126.56 | 44.01 | 42.61 | 40.90 | 39.15 | 155.75 | 165.81 | 9.78 | 6.32 | 6.40 |
| Cash Flow/Share | 9.21 | 9.93 | 19.58 | 17.97 | 5.60 | 5.82 | 4.01 | 5.43 | 19.20 | 18.18 | 2.12 | 0.37 | 3.93 |
| Dividends/Share | 4.96 | 5.52 | 12.16 | 12.16 | 4.64 | 3.20 | 2.07 | 1.88 | 8.32 | 10.88 | 2.42 | 6.75 | 0.00 |
| Shares Out. | 45.6M | 43.8M | 23.5M | 22.8M | 47.0M | 46.4M | 47.5M | 52.0M | 13.4M | 13.1M | 52.8M | 52.9M | 52.5M |
| Valuation | |||||||||||||
| P/E Ratio | 1.5 | N/A | 4.4 | N/A | 1.9 | 3.6 | 11.8 | 3.1 | 2.1 | 1.6 | 0.8 | 1.9 | 1.4 |
| P/FCF | 1.6 | 0.6 | 0.3 | 0.2 | 0.7 | 1.1 | 0.9 | 2.2 | N/A | 2.0 | N/A | 19.3 | N/A |
| EV/EBIT | N/A | 28.9 | N/A | N/A | N/A | 12.5 | N/A | 9.2 | 7.4 | N/A | N/A | N/A | N/A |
| Price/Book | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.8 | 1.0 | 0.7 |
| Price/Sales | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.4 | 0.3 | 0.6 | 0.6 | 0.7 | 1.6 | 2.8 | 2.4 |
| FCF Yield | 63.3% | 177.3% | 189.7% | 238.0% | 152.3% | 89.3% | 105.9% | 45.9% | -20.0% | 12.6% | -31.3% | 5.2% | N/A |
| Market Cap | 141M | 146M | 166M | 136M | 150M | 218M | 180M | 331M | 331M | 404M | 392M | 344M | 230M |
| Avg. Price | 2.63 | 3.06 | 3.66 | 2.84 | 3.10 | 4.19 | 3.03 | 5.64 | 6.09 | 6.34 | 8.17 | 6.48 | 4.38 |
| Year-End Price | 3.09 | 3.33 | 3.53 | 2.98 | 3.19 | 4.69 | 3.78 | 6.37 | 6.13 | 7.71 | 7.43 | 6.49 | 4.38 |
SITE Centers Corp. passes 6 of 9 quality checks, suggesting mixed fundamentals.
SITE Centers Corp. trades at 1.3x trailing earnings, compared to its 15-year median P/E of 2.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.9x vs a median of 1.0x. The company's 5-year average ROIC is 22.9%. Total shareholder yield (dividends) is 154.1%. At current prices, the estimated annualized return to fair value is -26.9%.
SITE Centers Corp. (SITC) has a net profit margin of 143.8%. This is a strong margin indicating high profitability.
SITE Centers Corp. (SITC) generated $18 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SITE Centers Corp. (SITC) has a debt-to-equity ratio of 0.25. This indicates a conservatively financed balance sheet.
SITE Centers Corp. (SITC) reported earnings per share (EPS) of $3.36 in its most recent fiscal year.
SITE Centers Corp. (SITC) has a return on equity (ROE) of 41.8%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 18 years of financial data for SITE Centers Corp. (SITC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SITE Centers Corp. (SITC) has a book value per share of $6.32, based on its most recent annual SEC filing.