SITE Centers (SITC) AI Stock Analysis

• Market Cap: $577.42M
• Dividend Yield: 3.98%
• Average Volume (3M): 1.24M
• Price to Earnings (P/E): 1.1
• Beta (1Y): 0.77
• Revenue Growth: -42.71%
• EPS Growth: 152.66%
• Country: US
• Employees: 172
• Sector: Real Estate
• Sector Strength: 61
• Industry: REIT - Retail
• EPS (TTM): N/A
• Shares Outstanding: 52,444,897
• 10 Day Avg. Volume: 844,967
• 30 Day Avg. Volume: 1,237,736
• PEG Ratio: 0.18
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.53
• Enterprise Value/Market Cap: 1.42
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 6.44
• Enterprise Value/Ebitda: 0.31
• 1Y Price Target: $13.25
• Price Target Upside: 20.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 67 Neutral
• Price Target: $12.00 ▲(8.99%Upside)

SITE Centers' overall stock score of 67 reflects strong financial performance with robust profitability and a stable balance sheet. The technical indicators suggest a cautious approach with mixed signals, while the valuation is compelling due to a low P/E ratio and attractive dividend yield. The strategic sale of a property could further strengthen the financial position.

Positive Factors

Asset Sales

In Q3, SITC sold assets in excess of $1.3B, or 3x the expected amount for the quarter heading into the 10/1 spin date, an impressive feat.

Spin-off Impact

The CURB spin-off may unlock value for shareholders and management has a strong track record with similar transactions.

Negative Factors

Debt and Growth Potential

SITC is expected to continue selling assets to focus on debt repayment, which could impact future growth potential.

Investor Attention

CURB's presence is expected to absorb greater investor attention at the margin, impacting SITC.

SITE Centers Business Overview & Revenue Model

Company Description

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-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.

How the Company Makes Money

SITE Centers makes money primarily through leasing retail space in its shopping centers to a diverse mix of tenants, including national and regional retailers, restaurants, and service providers. The company generates revenue from rental income, which includes base rent and additional charges such as common area maintenance, real estate taxes, and insurance. SITE Centers also seeks to enhance its earnings through strategic redevelopment and repositioning of its properties to attract higher-quality tenants and improve occupancy rates. Additionally, the company may engage in property sales and acquisitions as part of its portfolio management strategy to optimize asset value and returns.

SITE Centers Financial Statement Overview

Summary

SITE Centers exhibits strong profitability with a high net profit margin and a stable balance sheet with moderate leverage. However, negative revenue and free cash flow growth present potential risks. The company's high return on equity and sufficient cash flow from operations provide a buffer, positioning it well in the retail REIT industry.

Income Statement

SITE Centers has shown a solid performance with a strong net profit margin of 282.01% on a TTM basis, indicating exceptional profitability. However, the revenue growth rate is negative at -28.64% from 2023 to 2024, reflecting a contraction in sales. The EBIT margin is low at 5.51%, suggesting limited operational efficiency, but the EBITDA margin is exceptionally high at 353.67% due to significant non-operational income, perhaps from asset sales. Overall, profitability is robust, but revenue contraction is a concern.

Balance Sheet

The company's debt-to-equity ratio is 0.58, indicating moderate leverage and a relatively strong balance sheet position. The return on equity is high at 107.46%, showcasing efficient use of equity capital to generate net income. The equity ratio stands at 55.89%, highlighting a stable equity position in the capital structure. While the balance sheet reflects financial stability, the moderate leverage warrants cautious observation.

Cash Flow

Free cash flow growth is negative at -30.57%, which could be a concern for liquidity. However, the operating cash flow to net income ratio of 0.14 and free cash flow to net income ratio of 0.14 indicate that cash generation from operations is supportive of reported earnings. Despite the reduction in free cash flow, the overall cash flow position remains stable, although improvements in cash generation are needed.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	277.47M	546.27M	540.81M	492.34M	416.76M
Gross Profit	181.80M	380.55M	370.82M	339.56M	278.36M
EBITDA	716.89M	339.27M	361.16M	372.32M	263.06M
Net Income	531.82M	265.70M	168.72M	124.94M	35.72M
Balance Sheet
Total Assets	933.60M	4.06B	4.05B	3.97B	4.11B
Cash, Cash Equivalents and Short-Term Investments	54.59M	551.97M	20.25M	41.81M	69.74M
Total Debt	301.37M	1.63B	1.71B	1.68B	1.93B
Total Liabilities	416.86M	1.89B	1.95B	1.92B	2.16B
Stockholders Equity	516.74M	2.18B	2.09B	2.04B	1.94B
Cash Flow
Free Cash Flow	112.04M	238.53M	257.26M	282.51M	190.17M
Operating Cash Flow	112.04M	238.53M	257.26M	282.51M	190.17M
Investing Cash Flow	1.84B	559.90M	-167.56M	74.45M	102.48M
Financing Cash Flow	-2.46B	-250.62M	-111.74M	-380.98M	-237.36M

SITE Centers Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.01
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SITC, the sentiment is Negative. The current price of 11.01 is below the 20-day moving average (MA) of 11.35, above the 50-day MA of 10.95, and below the 200-day MA of 12.38, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 46.20 is Neutral, neither overbought nor oversold. The STOCH value of 28.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SITC.

SITE Centers Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CBL	72 Outperform	$847.33M	12.84	21.87%	10.22%	0.03%	1997.67%
KRG	70 Outperform	$5.01B	371.92	0.81%	4.70%	4.37%	-75.82%
SITC	67 Neutral	$577.42M	1.08	42.15%	3.98%	-42.71%	152.66%
Sector *	66 Neutral	£957.08M	13.96	2.04%	185.02%	11.04%	38.13%
BFS	64 Neutral	$798.87M	22.68	13.86%	7.15%	5.00%	-14.72%
AKR	63 Neutral	$2.53B	114.98	0.92%	4.10%	2.62%	84.20%
MAC	61 Neutral	$4.67B	―	-4.79%	3.84%	9.58%	-3.85%

SITE Centers Corporate Events

SITE Centers Sells Winter Garden Village for $165M

On June 18, 2025, SITE Centers Corp.’s subsidiary, DDR Winter Garden LLC, agreed to sell its interests in Winter Garden Village in Orlando, Florida, to RA2 – Winter Gardens Village LLC for approximately $165 million in cash. The transaction is expected to close in the third quarter of 2025, pending certain conditions such as zoning confirmations and satisfactory tenant estoppel letters. This sale reflects SITE Centers’ strategic move to optimize its property portfolio and potentially enhance its financial position.

The most recent analyst rating on (SITC) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on SITE Centers stock, see the SITC Stock Forecast page.

SITE Centers Holds Annual Shareholder Meeting

On May 14, 2025, SITE Centers Corp. held its annual meeting of shareholders, where several key decisions were made. Five directors were elected to serve until the next annual meeting, the compensation for the company’s named executive officers was approved, and PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (SITC) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on SITE Centers stock, see the SITC Stock Forecast page.