(SITC) Site Centers - Overview
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 281m USD | Total Return: 43.1% in 12m
Avg Turnover: 2.80M
EPS Trend: 17.8%
Qual. Beats: 0
Rev. Trend: -90.9%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 1.6 → Forward 55.2
Altman Z'' -15.00 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
SITE Centers Corp. (SITC) is a self-administered real estate investment trust (REIT) focused on the ownership and management of open-air shopping centers. Established in 1965 and headquartered in Ohio, the company operates as a fully integrated entity within the retail real estate sector.
The open-air shopping center model typically prioritizes necessity-based tenants, such as grocery stores and pharmacies, which tend to provide more stable cash flows compared to enclosed regional malls. As a REIT, SITC is structurally required to distribute at least 90% of its taxable income to shareholders in the form of dividends.
Investors can utilize ValueRay to further analyze the companys historical performance and valuation metrics. This data-driven approach helps clarify how SITC navigates the evolving landscape of suburban retail real estate.
- Spinoff of Curbline Properties creates pure-play convenience center portfolio growth
- Asset monetization program fuels aggressive capital recycling and debt reduction
- High occupancy rates in suburban markets drive base rent revenue growth
- Elevated interest rates increase refinancing costs for maturing property-level debt
- Consumer shift toward open-air shopping centers supports long-term lease retention rates
| Net Income: 175.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.40 > 0.02 and ΔFCF/TA -26.52 > 1.0 |
| NWC/Revenue: 158.5% < 20% (prev 0.17%; Δ 158.3% < -1%) |
| CFO/TA 0.02 > 3% & CFO 10.0m > Net Income 175.7m |
| Net Debt (-103.8m) to EBITDA (251.2m): -0.41 < 3 |
| Current Ratio: 3.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.4m) vs 12m ago 0.02% < -2% |
| Gross Margin: -42.51% > 18% (prev 0.65%; Δ -4.32k% > 0.5%) |
| Asset Turnover: 14.05% > 50% (prev 21.30%; Δ -7.25% > 0%) |
| Interest Coverage Ratio: 5.44 > 6 (EBITDA TTM 251.2m / Interest Expense TTM 39.5m) |
| A: 0.37 (Total Current Assets 214.2m - Total Current Liabilities 66.0m) / Total Assets 401.9m |
| B: -9.08 (Retained Earnings -3.65b / Total Assets 401.9m) |
| C: 0.32 (EBIT TTM 214.6m / Avg Total Assets 665.8m) |
| D: -55.25 (Book Value of Equity -3.65b / Total Liabilities 66.0m) |
| Altman-Z'' = -83.04 = D |
| DSRI: 0.79 (Receivables 11.3m/30.2m, Revenue 93.5m/198.0m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.51 (AQ_t 0.44 / AQ_t-1 0.87) |
| SGI: 0.47 (Revenue 93.5m / 198.0m) |
| TATA: 0.41 (NI 175.7m - CFO 10.0m) / TA 401.9m) |
| Beneish M = -3.44 (Cap -4..+1) = AA |
As of May 27, 2026, the stock is trading at USD 5.29 with a total of 651,803 shares traded.
Over the past week, the price has changed by -2.94%,
over one month by -4.34%,
over three months by -21.63% and
over the past year by +43.11%.
Site Centers has received a consensus analysts rating of 3.20. Therefore, it is recommended to hold SITC.
- StrongBuy: 0
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6 | 13.4% |
P/E Trailing = 1.6114
P/E Forward = 55.2486
P/S = 3.0144
P/B = 0.8357
P/EG = 7.5865
Revenue TTM = 93.5m USD
EBIT TTM = 214.6m USD
EBITDA TTM = 251.2m USD
Long Term Debt = unknown (none)
Short Term Debt = 3.76m USD (from shortTermDebt, last fiscal year)
Debt = 89.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 86.2m
Net Debt = -103.8m USD (calculated: Debt 89.7m - CCE 193.5m)
Enterprise Value = 177.0m USD (280.7m + Debt 89.7m - CCE 193.5m)
Interest Coverage Ratio = 5.44 (Ebit TTM 214.6m / Interest Expense TTM 39.5m)
EV/FCF = 1.09x (Enterprise Value 177.0m / FCF TTM 162.5m)
FCF Yield = 91.81% (FCF TTM 162.5m / Enterprise Value 177.0m)
FCF Margin = 173.7% (FCF TTM 162.5m / Revenue TTM 93.5m)
Net Margin = 187.9% (Net Income TTM 175.7m / Revenue TTM 93.5m)
Gross Margin = -42.51% ((Revenue TTM 93.5m - Cost of Revenue TTM 133.3m) / Revenue TTM)
Gross Margin QoQ = -15.32% (prev none%)
Tobins Q-Ratio = 0.44 (Enterprise Value 177.0m / Total Assets 401.9m)
Interest Expense / Debt = 43.99% (Interest Expense 39.5m / Debt 89.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = 169.5m (EBIT 214.6m * (1 - 21.00%))
Current Ratio = 1.62 (Total Current Assets 214.2m / Total Current Liabilities 131.9m)
Debt / Equity = 0.27 (Debt 89.7m / totalStockholderEquity, last quarter 335.9m)
Debt / EBITDA = -0.41 (Net Debt -103.8m / EBITDA 251.2m)
Debt / FCF = -0.64 (Net Debt -103.8m / FCF TTM 162.5m)
Total Stockholder Equity = 366.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 26.39% (Net Income 175.7m / Total Assets 401.9m)
RoE = 4.37% (Net Income TTM 175.7m / Total Stockholder Equity 4.02b)
RoCE = 63.88% (EBIT 214.6m / Capital Employed (Total Assets 401.9m - Current Liab 66.0m))
RoIC = 115.9% (NOPAT 169.5m / Invested Capital 146.3m)
WACC = 13.83% (E(280.7m)/V(370.4m) * Re(7.14%) + D(89.7m)/V(370.4m) * Rd(43.99%) * (1-Tc(0.21)))
Discount Rate = 7.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 31.03 | Cagr: 0.08%
[DCF] Terminal Value 55.60% ; FCFF base≈346.5m ; Y1≈303.8m ; Y5≈245.5m
[DCF] Fair Price = 41.83 (EV 2.09b - Net Debt -103.8m = Equity 2.20b / Shares 52.5m; r=13.83% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 17.84 | EPS CAGR: 26.04% | SUE: 0.05 | # QB: 0
Revenue Correlation: -90.90 | Revenue CAGR: -56.89% | SUE: 0.08 | # QB: 0