SITE Centers (SITC) AI Stock Analysis

• Market Cap: $467.81M
• Dividend Yield: 4.99%
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 1.3
• Beta (1Y): 0.78
• Revenue Growth: -57.45%
• EPS Growth: -20.83%
• Country: US
• Employees: 172
• Sector: Real Estate
• Sector Strength: 57
• Industry: REIT - Retail
• EPS (TTM): 0.88
• Shares Outstanding: 52,444,897
• 10 Day Avg. Volume: 1,257,125
• 30 Day Avg. Volume: 1,108,870
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 6.29
• Enterprise Value/Gross Profit: 10.43
• Enterprise Value/Ebitda: 1.56
• 1Y Price Target: $12.67
• Price Target Upside: 40.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 70 Outperform
• Price Target: $12.50 ▲(38.43% Upside)

SITE Centers' overall score reflects solid financial performance with robust profitability and a stable balance sheet, despite concerns over declining revenue and cash flow. The stock is undervalued based on its P/E ratio, and a strategic asset sale is seen as a positive corporate event. Technical indicators show mixed signals, with a slightly bearish short-term trend.

Positive Factors

Strategic Asset Sale

The sale of Winter Garden Village is a strategic move to optimize the property portfolio, potentially enhancing financial stability and allowing reinvestment in higher-yield opportunities.

Strong Profitability

Exceptional profitability indicates efficient cost management and strong revenue generation, providing a solid foundation for future growth and stability.

Stable Balance Sheet

A stable balance sheet with moderate leverage ensures financial flexibility and resilience, enabling the company to withstand economic fluctuations.

Negative Factors

Declining Revenue

A significant decline in revenue growth indicates challenges in maintaining market share and could impact long-term profitability if not addressed.

Negative Free Cash Flow Growth

Negative free cash flow growth raises concerns about liquidity and the company's ability to fund operations and investments without external financing.

Low Operational Efficiency

Low operational efficiency suggests potential issues in cost control and resource allocation, which could hinder profitability and competitiveness.

SITE Centers Business Overview & Revenue Model

Company Description

SITE Centers Corp. (SITC) is a leading real estate investment trust (REIT) that specializes in the ownership, operation, and development of open-air shopping centers. The company primarily focuses on retail properties located in high-density urban areas, offering a diverse mix of tenants, including national and regional retailers, restaurants, and service-oriented businesses. With a portfolio that emphasizes convenience and accessibility, SITE Centers aims to enhance the shopping experience for consumers while providing value to its investors.

How the Company Makes Money

SITE Centers generates revenue primarily through leasing retail space to tenants in its shopping centers. The company earns rental income from long-term leases with various retailers, which typically include base rent and additional charges such as property taxes, insurance, and maintenance fees. The revenue model also includes percentage rent, where tenants pay a portion of their sales to SITE Centers, particularly when their sales exceed a certain threshold. Additionally, SITE Centers may engage in redevelopment projects to enhance the value of its properties, leading to increased rental income. The company's strategic partnerships with retailers and local businesses, along with its focus on high-traffic locations, further contribute to its revenue growth. Furthermore, SITE Centers may benefit from property appreciation and potential sales of assets, providing additional financial returns.

SITE Centers Financial Statement Overview

Summary

SITE Centers exhibits strong profitability and a stable balance sheet with high net income margins and moderate leverage. However, declining revenue and negative free cash flow growth pose potential risks. Despite these challenges, a high return on equity and sufficient cash flow from operations provide a buffer.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	115.80M	277.47M	546.27M	540.81M	492.34M	416.76M
Gross Profit	69.81M	181.80M	380.55M	370.82M	339.56M	278.36M
EBITDA	467.70M	716.89M	339.27M	361.16M	372.32M	263.06M
Net Income	366.72M	531.82M	265.70M	168.72M	124.94M	35.72M
Balance Sheet
Total Assets	711.04M	933.60M	4.06B	4.05B	3.97B	4.11B
Cash, Cash Equivalents and Short-Term Investments	153.79M	54.59M	551.97M	20.25M	41.81M	69.74M
Total Debt	0.00	301.37M	1.63B	1.71B	1.68B	1.93B
Total Liabilities	472.36M	416.86M	1.89B	1.95B	1.92B	2.16B
Stockholders Equity	486.68M	516.74M	2.18B	2.09B	2.04B	1.94B
Cash Flow
Free Cash Flow	-28.63M	112.04M	238.53M	257.26M	282.51M	190.17M
Operating Cash Flow	-28.63M	112.04M	238.53M	257.26M	282.51M	190.17M
Investing Cash Flow	1.04B	1.84B	559.90M	-167.56M	74.45M	102.48M
Financing Cash Flow	-2.11B	-2.46B	-250.62M	-111.74M	-380.98M	-237.36M

SITE Centers Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SITC, the sentiment is Positive. The current price of 9.03 is above the 20-day moving average (MA) of 8.93, above the 50-day MA of 8.54, and above the 200-day MA of 8.74, indicating a bullish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 55.64 is Neutral, neither overbought nor oversold. The STOCH value of 2.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	$981.82M	15.18	21.97%	8.62%	2.20%	128.61%
SITC	70 Outperform	$467.81M	1.32	25.89%	4.99%	-57.45%	-20.83%
AKR	68 Neutral	$2.58B	116.18	0.95%	3.95%	7.09%	2591.94%
KRG	66 Neutral	$4.97B	28.79	5.53%	4.74%	4.03%	―
BFS	65 Neutral	$789.24M	24.26	12.90%	7.38%	5.17%	-25.96%
MAC	55 Neutral	$4.72B	―	-19.00%	3.73%	4.53%	40.88%
Sector *	53 Neutral	$1.28B	3.13	-6.08%	5.51%	-8.21%	-81.31%

SITE Centers Corporate Events

SITE Centers Finalizes Sale of Winter Garden Village

On August 1, 2025, SITE Centers Corp., through its subsidiary, finalized the sale of its interests in Winter Garden Village located in Orlando, Florida, to RA2 – Winter Garden Village LLC. The transaction was valued at $165 million in cash, with adjustments for closing pro-rations, allocations, and credits.

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.