Friday 6 November 2026
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SITE CENTERS CORP.
SITC Real Estate Reit Retail
SITE CENTERS CORP.’s revenue for fiscal 2025 (year ended December 2025) was $123.6 million, down 55.4% from fiscal 2024.
- Revenue
- −68.4%
- EPS
- +20.9%
- Free cash flow
- −95.4%
Quarter to September 2026, against a year earlier
0.67
0.10
+17.54%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1,006 | 922 | 707 | 508 | 460 | 533 | 479 | 453 | 277 | 124 | 53 | (20.8%) | 28 | 23 | — | (57.0%) | |
| Gross margin, % | 70.96 | 71.38 | 70.59 | 72.51 | 69.93 | 71.33 | 67.74 | 70.62 | 68.45 | 67.20 | 61.32 | (3.8) pt | ||||||
| EBT | 63 | (231) | 117 | 102 | 38 | 127 | 140 | 231 | 527 | 178 | 128 | +12.2% | ||||||
| EBT margin, % | 6.26 | (25.03) | 16.54 | 20.17 | 8.19 | 23.83 | 29.22 | 51.12 | 189.76 | 143.66 | 242.70 | +137.4 pt | ||||||
| Net income | 61 | (243) | 116 | 102 | 37 | 125 | 169 | 266 | 532 | 178 | 129 | +12.6% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 22.03 | 20.07 | 15.33 | 11.10 | 9.52 | 10.25 | 9.00 | 8.64 | 5.30 | 2.36 | 1.00 | (22.0%) | |||||
| Earnings | 0.80 | (5.92) | 1.72 | 1.32 | 0.32 | 2.04 | 2.96 | 4.84 | 9.81 | 3.36 | 2.44 | +17.3% | ||||||
| Cash flow | 10.09 | 8.94 | 5.71 | 5.90 | 3.93 | 5.43 | 4.83 | 4.56 | 2.14 | 0.37 | (0.55) | (30.7%) | ||||||
| Capex | 9.84 | 9.21 | 16.90 | (1.65) | (1.29) | (3.41) | (4.66) | 10.48 | 35.15 | 13.41 | 9.26 | +3.5% | ||||||
| Free cash flow | 19.93 | 18.14 | 22.61 | 4.25 | 2.65 | 2.02 | 0.17 | 15.04 | 37.28 | 13.79 | 8.71 | (4.0%) | ||||||
| Book value | 71.09 | 63.10 | 44.94 | 43.30 | 40.24 | 39.28 | 39.30 | 41.55 | 9.86 | 6.38 | 5.28 | (23.5%) | ||||||
| Shares, m | 46 | 46 | 46 | 46 | 48 | 52 | 53 | 52 | 52 | 52 | 52 | +1.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 34.26 | 0.00 | 7.49 | 12.65 | 37.69 | 9.43 | 5.49 | 3.36 | 1.56 | 1.91 | 1.48 | 11.4 | |||||
| P/S | 1.37 | 0.90 | 0.86 | 1.50 | 1.27 | 1.84 | 1.81 | 1.88 | 2.89 | 2.72 | 3.58 | 1.7 | ||||||
| P/B | 0.48 | 0.35 | 0.39 | 0.46 | 0.36 | 0.53 | 0.45 | 0.43 | 1.55 | 1.01 | 0.68 | 0.6 | ||||||
| EV/Sales | 5.80 | 4.97 | 3.51 | 5.10 | 5.30 | 4.91 | 5.32 | 4.16 | 3.73 | 3.74 | 4.47 | 4.7 | ||||||
| EV/FCF | 6.41 | 5.50 | 2.38 | 13.32 | 19.09 | 24.89 | 278.63 | 2.39 | 0.53 | 0.64 | 0.52 | 35.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 461 | 410 | 263 | 270 | 190 | 283 | 257 | 239 | 112 | 20 | (29) | (29.6%) | |||||
| Capex | 449 | 423 | 779 | (75) | (62) | (177) | (248) | 549 | 1,841 | 704 | 486 | +5.1% | ||||||
| Free cash flow | 910 | 833 | 1,043 | 195 | 128 | 105 | 9 | 787 | 1,953 | 723 | 457 | (2.5%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (172) | (63) | (123) | (141) | (67) | (114) | (130) | 460 | (21) | 53 | 186 | n/m | |||||
| Net debt | 4,455 | 3,755 | 1,871 | 1,828 | 1,859 | 1,634 | 1,686 | 1,032 | 234 | (123) | (202) | n/m | ||||||
| Shareholders’ equity | 3,246 | 2,897 | 2,073 | 1,981 | 1,945 | 2,043 | 2,093 | 2,176 | 517 | 335 | 277 | (22.3%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.44 | (3.52) | 1.42 | 1.48 | 0.37 | 2.63 | 3.93 | 6.28 | 20.66 | 26.30 | 26.96 | +25.9 pt | |||||
| ROIC | 1.24 | (1.05) | 1.99 | 2.32 | 1.53 | 2.24 | 1.63 | 1.51 | (2.77) | (34.10) | (39.41) | (35.3) pt | ||||||
| ROE | 1.25 | (10.27) | 4.13 | 3.83 | 0.93 | 6.09 | 8.33 | 12.99 | 41.00 | 41.78 | 43.96 | +40.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 540 | 447 | 378 | 361 | 323 | 293 | 267 | 220 | 172 | 155 | — | (12.9%) | |||||
| Revenue/emp, $m | 1.86 | 2.06 | 1.87 | 1.41 | 1.43 | 1.82 | 1.79 | 2.06 | 1.61 | 0.80 | — | (9.0%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
SITE CENTERS CORP. vs peers in Reit Retail (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FCPT Four Corners Property Trust, Inc. | $2.6B | 21.6× | 20.4× | +12.86% (above 0%: growing) | −5.82% (below 0%: shrinking) | +24.85% (above 0%: growing) | 85.95% | 55.51% | Compare |
| IVT InvenTrust Properties Corp. | $2.5B | 85.4× | 242× | +16.99% (above 0%: growing) | +211.25% (above 0%: growing) | +118.86% (above 0%: growing) | 72.94% | 17.51% | Compare |
| NTST NETSTREIT Corp. | $2.4B | 87.2× | 55.6× | +37.17% (above 0%: growing) | +981.08% (above 0%: growing) | −47.21% (below 0%: shrinking) | 91.03% | 35.20% | Compare |
| GTY Getty Realty Corporation | $1.9B | 17.5× | 18.3× | +13.31% (above 0%: growing) | 0.00% | −1,107.74% (below 0%: shrinking) | 95.96% | 61.69% | Compare |
| CBL CBL & Associates Properties, Inc. | $1.5B | 6.8× | 15.6× | +3.96% (above 0%: growing) | +1,775.00% (above 0%: growing) | +40.87% (above 0%: growing) | 65.39% | 30.53% | Compare |
| ALX Alexander's, Inc. | $1.3B | 6.7× | — (loss-making) | +34.88% (above 0%: growing) | +359.66% (above 0%: growing) | +202.17% (above 0%: growing) | 64.08% | 48.86% | Compare |
| BFS Saul Centers, Inc. | $712.1M | 31.3× | 57.9× | +8.91% (above 0%: growing) | −15.62% (below 0%: shrinking) | −563.94% (below 0%: shrinking) | 71.13% | 16.05% | Compare |
| PINE Alpine Income Property Trust, Inc. | $299.1M | 33.3× | 28.3× | +40.49% (above 0%: growing) | n/m | −132.81% (below 0%: shrinking) | 89.76% | 48.01% | Compare |
| SITC SITE CENTERS CORP. | $187.4M | 1.5× | — (loss-making) | −68.41% (below 0%: shrinking) | n/m | −95.37% (below 0%: shrinking) | 72.45% | (84.37%) | |
| Median of peers | $1.7B | 26.5× | 28.3× | +15.15% | +211.25% | −11.18% | 79.45% | 41.61% |
Pay and ownership Proxy statement filed 31 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 0.00 | 0.00 | 126.51 |
| 2024 | 7.93m | 16.09m | 158.26 |
| 2023 | 6.74m | 3.66m | 151.85 |
| 2022 | 6.80m | 5.31m | 144.47 |
| 2021 | 6.91m | 24.55m | 161.37 |
Ownership
Directors and executive officers, together
less than 1%
The Vanguard Group, Inc.
10.00%
Blackrock, Inc.
8.10%
Rush Island Management LP
7.60%
FMR LLC
5.30%
Cohen & Steers, Inc.
5.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement