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SITE Centers Corp. (SITC)

Stock Price: $13.25 USD 0.21 (1.61%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
Market Cap 2.76B
Revenue (ttm) 460.33M
Net Income (ttm) 15.19M
Shares Out 193.22M
EPS (ttm) 0.08
PE Ratio 169.87
Forward PE n/a
Dividend $0.25
Dividend Yield 1.89%
Trading Day March 5
Last Price $13.25
Previous Close $13.04
Change ($) 0.21
Change (%) 1.61%
Day's Open 13.20
Day's Range 12.55 - 13.32
Day's Volume 4,812,136
52-Week Range 3.58 - 14.08

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Zacks Investment Research - 4 days ago

SITE Centers (SITC) will use the net proceeds from the 15 million share offering to primarily fund the redemption of its outstanding 6.250% class K cumulative redeemable preferred shares.

Business Wire - 5 days ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Announces Pricing of Common Shares Offering

Business Wire - 5 days ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Announces Offering of Common Shares

Zacks Investment Research - 2 weeks ago

SITE Centers' (SITC) Q4 results reflect better-than-expected revenues, improving rent collections and strong leasing volumes during the period.

Zacks Investment Research - 2 weeks ago

SITE CENTERS CORP. (SITC) delivered FFO and revenue surprises of 4.17% and 4.97%, respectively, for the quarter ended December 2020.

Business Wire - 2 weeks ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Reports Fourth Quarter and Year-End 2020 Operating Results

Business Wire - 1 month ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers' Fourth Quarter and Year-End 2020 Earnings Conference Call to be Held on Thursday, February 18, 2021, at 8:00 a.m. Eastern Time

Business Wire - 1 month ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. Announces Tax Allocations of 2020 Dividend Distributions

Zacks Investment Research - 1 month ago

SITE Centers (SITC) collects 93% of Q4 rents from tenants, higher than the previous two quarters. Also, it sees the highest level of leasing in the December-end quarter since third-quarter 2018.

Business Wire - 1 month ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Provides Fourth Quarter 2020 Operational Update

Seeking Alpha - 1 month ago

SITE Centers has seen a continued recovery in its operating metrics since the depths of the pandemic. It has well-located properties with strong income demographics, and has seen strong leasin...

Business Wire - 3 months ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Declares Fourth Quarter 2020 Class A and Class K Preferred Share Dividends

Business Wire - 3 months ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Declares Common Stock Dividend of $0.05 for Fourth Quarter 2020

Seeking Alpha - 4 months ago

October rent collection rose to 90%. Leasing spreads were strong, but declines in occupancy led to significant declines in SS NOI.

Zacks Investment Research - 4 months ago

While SITE Centers (SITC) witnesses solid rental receipts and higher annual base rent per occupied square foot in Q3, fall in same-store NOI remains a concern for the company.

Seeking Alpha - 4 months ago

SITE Centers Corp. (SITC) CEO David Lukes on Q3 2020 Results - Earnings Call Transcript

Business Wire - 4 months ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Reports Third Quarter 2020 Operating Results

Business Wire - 4 months ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers’ Third Quarter 2020 Earnings Conference Call to be Held on Tuesday, October 27, 2020, at 8:30 a.m. Eastern Time

Zacks Investment Research - 5 months ago

High essential-business tenancy has been the saving grace for SITE Centers (SITC) amid these unprecedented times. However, uncollected rent from tenants is affecting top-line growth.

Business Wire - 6 months ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Declares Third Quarter 2020 Class A and Class K Preferred Share Dividends

Forbes - 6 months ago

Remember that preferred shareholders are senior to the entire equity stack and sit senior to all common distributions. Given the dislocation in the sector today, we consider preferreds an exce...

Other stocks mentioned: BFS, VNO
Seeking Alpha - 6 months ago

Site Centers: A Buying Opportunity Before The Recovery

Zacks Investment Research - 7 months ago

SITE Centers (SITC) sees healthy leasing spreads and higher annual base rent per occupied square foot in Q2, however scraps Q3 dividend on the coronavirus scare.

Seeking Alpha - 7 months ago

SITE Centers Corp. (SITC) CEO David Lukes on Q2 2020 Results - Earnings Call Transcript

Business Wire - 7 months ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Reports Second Quarter 2020 Operating Results

Business Wire - 7 months ago

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers’ Second Quarter 2020 Earnings Conference Call to be Held on Tuesday, July 28, 2020, at 8:00 a.m. Eastern Time

Zacks Investment Research - 8 months ago

SITE Centers (SITC) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

PRNewsWire - 8 months ago

NEW YORK, June 25, 2020 /PRNewswire/ -- SITE Centers Corp. (NYSE: SITC) will replace Mobile Mini Inc. (NASD: MINI) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesda...

InvestorPlace - 8 months ago

LaSalle is an expert in real estate investing, and we are checking out its latest quarterly picks as we hunt for the best REIT stocks.

Other stocks mentioned: CPT, CUZ, VER, WRI
The Motley Fool - 9 months ago

The shopping center REIT is having an excellent day, and most of its peers are as well.

Other stocks mentioned: SKT, SRG
Zacks Investment Research - 9 months ago

Significant tenant exposure to essential businesses is driving footfall at SITE Centers' (SITC) properties. Yet, low rent collections and deferrals amid the pandemic-induced mayhem are worrisome.

Zacks Investment Research - 10 months ago

SITE Centers (SITC) sees healthy leasing spreads and same-store NOI growth on higher annualized base rent per occupied square foot in Q1 but scraps Q2 dividend on the coronavirus scare.

Seeking Alpha - 10 months ago

SITE Centers Corp. (SITC) CEO David Lukes on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 11 months ago

Macerich (MAC) and SITE Centers (SITC) withdraw 2020 guidance amid the coronavirus pandemic and have taken certain measures to tackle the crisis.

Other stocks mentioned: MAC
Seeking Alpha - 11 months ago

SITE Centers Corp.: The Potential Is There

Zacks Investment Research - 1 year ago

While fall in rental income and other property revenues hurts SITE Centers' (SITC) Q4 performance, decent new and renewal leasing spreads provide support to some extent.

Seeking Alpha - 1 year ago

SITE Centers Corp. (SITC) CEO David Lukes on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

SITE Centers Corp. (SITC) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.

ETF Trends - 1 year ago

By Robert Ross I’m sure you’re familiar with the “retail apocalypse.” Brick-and-mortar retailers are dying off as people buy more stuff online, or so the story goes.

Other stocks mentioned: NKE, SPG, WRI, WSM
Zacks Investment Research - 1 year ago

SITE Centers' (SITC) capital recycling program is likely to boost long-term profitability. However, choppy retail real estate environment is a key concern.

Zacks Investment Research - 1 year ago

While fall in rental income and other property revenues hurt SITE Centers' (SITC) Q3 performance, decent new and renewal leasing spreads provide support to some extent.

Seeking Alpha - 1 year ago

SITE Centers Corp. (SITC) CEO David Lukes on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

SITE Centers' (SITC) move to sell its 15% stake in the DDRTC joint venture to the company's partner, TIAA-CREF, is in line with its focus to improve portfolio quality and drive growth.

Zacks Investment Research - 1 year ago

Though decent new and renewal leasing spreads witnessed by SITE Centers (SITC) in Q2 display strength in the company's portfolio, dilutive impact of the RVI spin-off continues to dent results.

Seeking Alpha - 1 year ago

SITE Centers Corp.'s (SITC) CEO David Lukes on Q2 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

SITE Centers (SITC) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research - 1 year ago

SITE Centers' (SITC) Q1 results display growth in same-store net operating income, though tenant bankruptcies remain concerns.

Seeking Alpha - 1 year ago

SITE Centers Corp. (SITC) CEO David Lukes on Q1 2019 Results - Earnings Call Transcript

Seeking Alpha - 1 year ago

The market has punished Site over the last few years while the company was shedding assets and repositioning its portfolio.

Zacks Investment Research - 1 year ago

SITE Centers (SITC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

About SITC

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.

Industry
REIT-Retail
IPO Date
Feb 2, 1993
CEO
David Lukes
Employees
323
Stock Exchange
NYSE
Ticker Symbol
SITC
Full Company Profile

Financial Performance

In 2020, SITE Centers's revenue was $460.33 million, a decrease of -9.38% compared to the previous year's $507.99 million. Earnings were $35.72 million, a decrease of -64.53%.

Financial Statements

Analyst Forecasts

According to 14 analysts, the average rating for SITE Centers stock is "Buy." The 12-month stock price forecast is 12.54, which is a decrease of -5.36% from the latest price.

Price Target
$12.54
(-5.36% downside)
Analyst Consensus: Buy