SITE Centers Corp | REIT Profile

Symbol: SITC
CIK: 894315
Exchange: NYSE
HQ: Beachwood, OH, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

See SITC on Google Finance
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See SITC on SEC.gov

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Overall Score: 7.5

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


SITE Centers Corp Company Logo

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Hightlights of Trading Day November 30, 2021


Open Price: $15.33
Closing Price: $15.06
Price Change: -0.56 (-3.585%)
Lowest Price: $14.95
Highest Price: $15.59

52-Week Low: $9.36
52-Week High: $17.61
52-Week Change: 59.23%

5 Day Price Change: -7.30%
1 Month Price Change: -1.70%
3 Month Price Change: -2.84%
6 Month Price Change: 5.95%
YTD Price Change: 58.00%
1 Year Price Change: 50.29%
2 Year Price Change: 14.50%
5 Year Price Change: -27.73%

Dividend of Trading Day November 30, 2021


Dividend Yield: 3.187%*
Annualized Dividend: $0.48*
Dividend Yield (TTM): 2.537%
Annualized Dividend (TTM): $0.3963
Ex-Dividend Date: 2021-09-23
Next Ex-Dividend: 2021-12-09
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day November 30, 2021


Total Cash: $61,924,000
Current Debt: $241,269,000
Revenue: $515,946,000
Gross Profit: $515,946,000
Total Revenue: $515,946,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $322,629,000
Revenue Per Share: $2
Revenue Per Employee: $1,429,213
Employee: 323
Debt to Equity Ratio (D/E): 2.01
Profit Margin: 0.08%
Enterprise Value (EV): $5,029,853,333
Enterprise Value to Revenue (EV/R): 9.75
Price to Sales (P/S): 6.39
Price to Book (P/B): 1.79
Price/Earnings-to-Growth (PEG) Ratio: 2.53
P/E Ratio: 71.61
P/E High: -6.80
P/E Low: -9.39
Forward P/E Ratio: N/A
Market Capitalization: $3,180,938,426
Beta: 1.15
Latest Volume: 2,372,750
Avg. Total Volume: 1,446,208
Avg. 10-Day Volume: 1,556,239
Avg. 30-Day Volume: 1,446,208
TTM EPS: 0.21
Shares Outstanding: 211,217,691
Float: N/A
50-Day Moving Avg.: $16.58
200-Day Moving Avg.: $15.63

Latest REIT Community Comments on #SITC


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Properties Owned by SITC


Properties Based on REIT's Official Presentation

Properties Types States Countries
183 1 25 1

Please visit REIT’s official webpage for the most up-to-date property list.

SITC Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $14.27 per share you would have been able to buy 70 shares of SITC on 2020-12-01 costing $998.90 @ $14.27 per share you would have been able to buy 35 shares of SITC on 2020-12-01 costing $499.45 @ $14.27 per share you would have been able to buy 17 shares of SITC on 2020-12-01 costing $242.59 @ $14.27 per share you would have been able to buy 7 shares of SITC on 2020-12-01 costing $99.89 @ $14.27 per share you would have been able to buy 3 shares of SITC on 2020-12-01 costing $42.81
Current worth On 2021-11-30 these 70 shares would be worth $1,054.20 @ $15.06 On 2021-11-30 these 35 shares would be worth $527.10 @ $15.06 On 2021-11-30 these 17 shares would be worth $256.02 @ $15.06 On 2021-11-30 these 7 shares would be worth $105.42 @ $15.06 On 2021-11-30 these 3 shares would be worth $45.18 @ $15.06
Dividends earned $28.00 in dividends would have been earned since 2020-12-01 with 70 shares. $14 in dividends would have been earned since 2020-12-01 with 35 shares. $6.80 in dividends would have been earned since 2020-12-01 with 17 shares. $2.80 in dividends would have been earned since 2020-12-01 with 7 shares. $1.20 in dividends would have been earned since 2020-12-01 with 35 shares.
Net (gain / loss)* 83.30 USD 41.65 USD 20.23 USD 8.33 USD 3.57 USD
ROI** 8.34% 8.34% 8.34% 8.34% 8.34%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by SITC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
SITC 2021-09-23 0.120 --- 2021-09-09 2021-09-24 2021-10-08
SITC 2021-06-09 0.120 9.09% 2021-05-11 2021-06-10 2021-07-02
SITC 2021-03-17 0.110 120.00% 2021-02-18 2021-03-18 2021-04-06
SITC 2020-12-10 0.050 -75.00% 2020-11-12 2020-12-11 2021-01-07
SITC 2020-03-09 0.200 --- 2020-02-12 2020-03-10 2020-04-02
SITC 2019-12-12 0.200 --- 2019-11-07 2019-12-13 2020-01-07
SITC 2019-09-20 0.200 --- 2019-09-11 2019-09-23 2019-10-08
SITC 2019-06-11 0.200 --- 2019-05-09 2019-06-12 2019-07-02
SITC 2019-03-14 0.200 --- 2019-02-11 2019-03-15 2019-04-02
SITC 2018-12-13 0.200 --- 2018-11-14 2018-12-14 2019-01-04

Financial Statements Overview


The next Earnings Report for SITC is 2022-02-17

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 61,924,000 57,945,000 190,833,000 69,742,000
Receivables 59,910,000 61,984,000 63,760,000 73,517,000
Inventory 0 0 0 0
Current Assets 139,202,000 135,866,000 272,848,000 150,675,000
Current Assets (Other) 13,954,000 12,731,000 18,255,000 7,416,000
Short Term Investments 13,954,000 12,731,000 18,255,000 7,416,000
Long-term Investments 3,913,091,000 3,917,592,000 3,902,532,000 3,957,609,000
Property, Plant & Equipment Net 3,546,383,000 3,544,326,000 3,520,950,000 3,562,331,000
Goodwill 0 0 0 0
Intangible Assets 78,005,000 81,453,000 84,080,000 90,418,000
Other Assets 6,429,000 7,028,000 8,570,000 12,252,000
Net Tangible Assets 1,761,812,000 1,757,005,000 1,759,052,000 1,526,090,000
Total Assets 4,052,293,000 4,053,458,000 4,175,380,000 4,108,284,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 241,269,000 238,005,000 223,313,000 229,953,000
Total Current Liabilities 241,269,000 238,005,000 223,313,000 364,953,000
Current Long-term Debt 0 0 0 135,000,000
Long-term Debt 1,792,557,000 1,798,422,000 1,780,463,000 1,798,508,000
Total Liabilities 2,037,476,000 2,040,000,000 2,007,248,000 2,166,776,000
Minority Interest 3,650,000 3,573,000 3,472,000 3,315,000
Common Stock 211,048,000 211,035,000 198,534,000 193,245,000
Retained Earnings -4,123,534,000 -4,123,347,000 -4,111,779,000 -4,099,534,000
Treasury Stock -4,815,000 -4,311,000 -4,387,000 -11,319,000
Capital Surplus 0 0 0 0
Shareholder Equity 2,014,817,000 2,013,458,000 2,168,132,000 1,941,508,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 134,441,000 135,468,000 128,139,000 117,898,000
Cost of Revenue 0 0 0 0
Gross Profit 134,441,000 135,468,000 128,139,000 117,898,000
Research and Development 0 0 0 0
Selling General and Admin 11,727,000 12,425,000 17,395,000 14,339,000
Operating Expense 94,118,000 98,599,000 102,835,000 91,020,000
Operating Income 40,323,000 36,869,000 25,304,000 26,878,000
Income Expense Net (Other) 0 0 0 0
EBIT 42,147,000 41,719,000 29,689,000 25,973,000
Interest Income 19,170,000 19,136,000 19,395,000 17,709,000
Pretax Income 28,359,000 22,477,000 16,546,000 -766,000
Income Tax 202,000 490,000 365,000 272,000
Minority Interest 93,000 118,000 173,000 248,000
Net Income 25,125,000 13,617,000 10,760,000 -6,473,000
Net Income Basic 25,125,000 13,617,000 10,760,000 -6,473,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 25,125,000 13,617,000 10,760,000 -6,473,000
Depreciation 44,669,000 47,217,000 45,560,000 170,669,000
Changes in Receivables 59,910,000 61,984,000 63,760,000 73,517,000
Changes in Inventories 0 0 0 0
Cash Change 61,924,000 57,945,000 190,833,000 69,742,000
Cash Flow 72,608,000 88,646,000 56,110,000 64,236,000
Capital Expenditures -20,387,000 -17,159,000 -18,131,000 -63,816,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -33,170,000 -42,100,000 10,539,000 108,000
Dividends Paid 0 0 0 0
Net Borrowings 1,716,679,000 1,727,746,000 1,571,375,000 1,856,350,000
Cash Flow Financing -35,251,000 -179,096,000 52,639,000 -47,422,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About SITE Centers Corp


SITE Centers is an owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
Rating AFFO & Efficiency Section Avg. Rating
7 Operating FFO Trend: Analysis of the REIT’s Operating FFO trend during the last two years. 7.8
7 Operating FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.6
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.1
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
8 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.4
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.1
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
7.5 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2021-12-01 - v2.4