SITE Centers Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $247.1M
- Price
- $3.07
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.99%
- Volume
- 579.7K
About
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 Investment Trust (REIT), the company operates as a fully integrated real estate enterprise, managing all aspects of its operations internally. Its shares are publicly available on the New York Stock Exchange under the ticker symbol SITC.
Quick stats
Shares outstanding52.5M
Computed float52.4M
Float / shares99.8%
Key info
SectorReal Estate
IndustryREIT - Retail
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000894315
Websitehttps://www.sitecenters.com
AI Summary
AI-generated1/13
minorbearishearnings
SITE Centers Reports Second Quarter 2026 Results
SITE Centers reported a second quarter net loss of $1.3 million, or $0.03 per share, compared to net income of $46.5 million in the year-ago period, driven by lower NOI and impairment charges.
Operating FFO was a loss of $4.6 million, while the company sold assets for $61.1 million during the quarter and maintained $238.9 million in unrestricted cash.
The company delivered a buy-sell notice regarding its DTP joint venture, triggering a process where the partner must decide by August 31 whether to buy SITE's 20% stake for $32.4 million or sell its 80% stake to SITE for $129.6 million.
A special dividend of $1.00 per share was paid in July, and additional asset sales totaling $23.7 million were agreed upon or closed recently.
Red flags
- Operating FFO negative for the quarter
- Leased rate declined to 82.5% from 88.1% year-over-year
- Environmental and tenant litigation expenses increased to $1.0 million from $0.4 million year-over-year