SITE CENTERS CORP (SITC)
Real Estate · Retail Real Estate Investment Trust (Shopping Centers) · NYSE
A REIT in managed retreat, systematically liquidating a shopping center portfolio to distribute capital and wind down operations.
What SITE CENTERS CORP does
SITE Centers Corp is a self-administered and self-managed Real Estate Investment Trust (REIT) that owns, leases, redevelops and manages shopping centers. As of March 31, 2026, the company owned a portfolio of 16 shopping centers (including 10 through an unconsolidated joint venture) comprising approximately 4.4 million square feet of gross leasable area, along with two office buildings in Beachwood, Ohio. The company is actively pursuing a strategic wind-down plan, focusing on the marketing and sale of its remaining wholly-owned properties and the monetization of its joint venture interests.
Themes: ["retail real estate","shopping centers","commercial real estate wind-down","asset monetization","REIT"]
Fundamentals
- Price$4.21 as of 2026-07-09 close
- Market cap$222M as of 2026-07-10
- 1-year return-63.1% as of 2026-07-09 close
- P/E1.27 as of 2026-07-10
- Net margin+186.8% as of 2026-07-10
- Gross margin+64.2% as of 2026-07-10
- ROE+47.9% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)-52.5% as of 2026-07-10
- Revenue CAGR (3y)-36.3% SEC XBRL
- Beta0.99 as of 2026-07-10
Dividend: yield +4.0%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Aggressive asset disposition strategy creates revenue volatility and declining rental income; rental income fell 61% YoY in 2025 due to significant property sales and portfolio contraction.","Dependence on joint venture partner cooperation for DTP portfolio monetization; company has limited rights under joint venture agreement and requires partner consent for asset sales or exit.","Substantial wind-up expenses anticipated, including severance costs, professional fees, insurance, and early termination penalties on service agreements, which will pressure liquidity as business winds down."]
Competitors & peers
- Whitestone REIT (WSR)
- Gladstone Commercial Corporation (GOOD)
- Retail Opportunity Investments Corp (ROIC)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.