SITE Centers Corp.

Listed Company

SITCCIK 0000894315NYSELarge AcceleratedReal Estate Investment TrustsOhioFY ends Dec 31

Period

FY 2025

Revenue

$123.65M

Net Income

$177.86M

Total Assets

$418.74M

Equity

$334.76M

Shares Out

52.47M

Op. Cash Flow

$19.61M

SITC$4.48−60.21% · past yearDBEQ Basic

Daily closing prices

Business

SITE Centers Corp. is a self-administered and self-managed REIT that owns, leases, redevelops and manages shopping centers across multiple states. The company generates revenue primarily from tenant rental payments and management contracts with unconsolidated joint ventures. Following the October 2024 spin-off of its convenience retail portfolio into Curbline Properties Corp., the company is pursuing a disposition strategy to wind down its remaining shopping center assets.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental income	104	269	444	464	491
Fee and other income	20	8	9	15	42
Total revenue from operations	124	277	453	479	533
Operating and maintenance	25	47	67	82	77
Real estate taxes	16	40	66	73	76
Impairment charges	114	67	0	3	7
General and administrative	40	55	62	47	55
Depreciation and amortization	45	101	181	204	186
Total rental operation expenses	239	311	375	381	401
Interest expense	−15	−59	−80	−76	—
Interest income	4	32	4	0	—
Debt extinguishment costs	−10	−43	−50,000	−581,000	—
Gain on debt retirement	0	1	0	0	—
(Loss) gain on equity derivative instruments	0	−4	2	0	—
Transaction costs and other expense	−4	−2	−836,000	−2	—
Total other income (expense)	−26	−76	−75	−79	−78
(Loss) income before earnings from discontinued operations, equity method investments and other items	−141	−109	2	20	—
Equity in net (loss) income of joint ventures	−781,000	82,000	7	28	47
Gain on sale and change in control of interests, net	0	3	4	46	19
Gain on disposition of real estate, net	320	633	219	—	—
Income before tax benefit (expense)	178	527	231	140	127
Tax benefit (expense) of taxable REIT subsidiaries and state franchise and income taxes	226,000	−761,000	−2	−816,000	−2
Income from continuing operations	178	526	229	139	—
Income from discontinued operations	0	6	36	30	—
Net income	178	532	266	169	125
Income attributable to non-controlling interests, net	0	0	−18,000	−73,000	−481,000
Net income attributable to SITE Centers	178	532	266	169	125
Write-off of preferred share original issuance costs	0	−6	0	0	−5
Preferred dividends	0	−10	−11	−11	−14
Net income attributable to common shareholders	178	516	255	158	106
Income from continuing operations, Basic	3.36	9.69	4.16	2.4	—
Income from discontinued operations, Basic	0	0.12	0.69	0.55	—
Total, Basic	3.36	9.81	4.85	2.95	0.51
Income from continuing operations, Diluted	3.36	9.65	4.16	2.39	—
Income from discontinued operations, Diluted	0	0.12	0.69	0.55	—
Total, Diluted	3.36	9.77	4.85	2.94	0.51

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	47	205	614	1,067	1,011
Buildings	339	965	2,689	3,734	3,624
Fixtures and tenant improvements	170	254	479	576	556
Total real estate rental property	556	1,424	3,782	5,377	5,192
Less: Accumulated depreciation	−333	−654	−1,434	−1,653	−1,572
Real estate rental property, net	223	769	2,348	3,724	3,620
Construction in progress and land	3	3	38	56	47
Total real estate assets, net	226	772	2,386	3,780	3,667
Investments in and advances to joint ventures, net	28	30	39	—	—
Cash and cash equivalents	119	55	551	20	42
Restricted cash	4	13	17	960,000	1
Accounts receivable	13	25	54	64	61
Amounts receivable from Curbline	902,000	2	0	—	—
Other assets, net	29	36	92	135	130
Total assets	419	934	4,061	4,045	3,967
Indebtedness	0	301	1,601	1,707	1,677
Amounts payable to Curbline	22	34	0	—	—
Accounts payable and other liabilities	62	82	162	215	219
Total liabilities	84	417	1,886	1,952	1,924
Commitments and contingencies (Note 7)	—	—	—	—	—
Common shares, with par value, $0.10 stated value; 75,000,000 shares authorized; 52,467,187 shares issued at both December 31, 2025 and December 31, 2024	5	5	5	21	21
Additional paid-in capital	3,981	3,982	5,991	5,974	5,934
Accumulated distributions in excess of net income	−3,651	−3,473	−3,935	−4,046	−4,093
Deferred compensation obligation	0	8	5	5	5
Accumulated other comprehensive income	0	5	6	9	0
Less: Common shares in treasury at cost: 4,847 and 282,061 shares at December 31, 2025 and December 31, 2024, respectively	−228,000	−10	−72	−52	−5
Total equity	335	517	2,176	2,087	2,037
Total liabilities and equity	419	934	4,061	4,045	3,967

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	45	131	212	—	—
Stock-based compensation	1	7	8	7	14
Amortization and write-off of debt issuance costs, commitment fees, and fair market value of debt adjustments	13	47	4	—	—
Loss (gain) on derivative instruments	0	4	−2	0	—
Operating cash distributions from joint ventures	77,000	0	264,000	903,000	5
Gain on disposition of real estate, net	−320	−633	−219	−47	—
Loss on abandoned tenant lease costs	911,000	0	0	—	—
Assumption of building due to ground lease termination	0	−3	0	−3	—
Net change in accounts receivable	8	6	−7	−6	16
Net change in accounts payable and accrued expenses	−13	−22	−3	−125,000	−3
Net change in other operating assets and liabilities	−9	−21	−10	−2	773,000
Total adjustments	−158	−420	−27	88	157
Net cash flow provided by operating activities	20	112	239	257	283
Real estate acquired, net of liabilities and cash assumed	−2	−226	−163	−335	−131
Real estate developed and improvements to operating real estate	−12	−59	−109	−115	−77
Proceeds from disposition of real estate	718	2,126	822	202	30
Proceeds from disposition of joint venture interests	0	0	3	39	0
Equity contributions to joint ventures	−17,000	−1	−145,000	−167,000	−5
Distributions from unconsolidated joint ventures	2	3	11	41	66
Repayment of joint venture advances	0	730,000	318,000	0	929,000
Payment of swaption agreement fees	0	0	−3	0	0
Net cash flow provided by investing activities	705	1,844	560	−168	74
Proceeds from mortgage debt	0	530	100	0	—
Payment of loan commitment fees	0	−8	−13	0	0
Payment of debt issuance costs	−6,000	−12	−2	−8	0
Payment of Curbline loan costs	0	−5	0	0	—
Repayment of senior notes	0	−1,306	−153	0	0
Repayment of mortgage debt and term loan	−307	−549	−29	−71	−215
Payment of debt extinguishment costs	−7	−8	0	0	—
Proceeds from terminations of derivatives	0	8	0	0	—
Repurchase of common shares	0	0	−27	−42	0
Repurchase of common shares in conjunction with equity award plans and dividend reinvestment plan	−94,000	−5	−5	−6	−6
Repurchase of operating partnership units	0	0	−2	0	0
Distributions to redeemable operating partnership units	0	0	−37,000	−72,000	−56,000
Contribution of assets to Curbline	0	−800	0	0	—
Dividends paid	−356	−128	−121	−120	−100
Net cash flow used for financing activities	−670	−2,457	−251	−112	−388
Net increase (decrease) in cash, cash equivalents and restricted cash	55	−501	548	−22	−31

Filings

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Frequently asked questions

What is SITE Centers Corp.'s CIK number?

SITE Centers Corp.'s SEC CIK number is 0000894315 (894315). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SITE Centers Corp.'s SEC filings?

All of SITE Centers Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SITE Centers Corp. last report earnings?

SITE Centers Corp. (SITC) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-211933). This is SITE Centers Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is SITE Centers Corp.'s most recent earnings 8-K?

SITE Centers Corp.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-211933. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View SITE Centers Corp.'s latest earnings 8-K →
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