SITE Centers (SITC) Financials

$12.02 +0.41 (+3.49%)

Closing price 03:59 PM Eastern

Extended Trading

$12.02 0.00 (0.00%)

As of 04:04 PM Eastern

Annual Income Statements for SITE Centers

This table shows SITE Centers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	516	255	158
Consolidated Net Income / (Loss)	532	266	169
Net Income / (Loss) Continuing Operations	526	229	139
Total Pre-Tax Income	527	231	140
Total Revenue	305	682	479
Net Interest Income / (Expense)	32	4.35	0.00
Total Interest Income	32	4.35	0.00
Other Interest Income	32	4.35	0.00
Total Interest Expense	0.00	0.00	0.00
Total Non-Interest Income	273	678	479
Other Service Charges	8.18	8.55	15
Net Realized & Unrealized Capital Gains on Investments	-4.41	225	0.00
Other Non-Interest Income	269	444	464
Total Non-Interest Expense	-323	372	334
Other Operating Expenses	-546	116	73
Depreciation Expense	101	181	177
Impairment Charge	67	0.00	2.54
Other Special Charges	55	75	82
Nonoperating Income / (Expense), net	-101	-79	-5.13
Income Tax Expense	0.76	2.05	0.82
Net Income / (Loss) Discontinued Operations	6.06	36	30
Preferred Stock Dividends Declared	16	11	11
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.02	0.07
Basic Earnings per Share	$9.81	$4.85	$2.95
Weighted Average Basic Shares Outstanding	52.43M	209.36M	210.37M
Diluted Earnings per Share	$9.77	$4.85	$2.94
Weighted Average Diluted Shares Outstanding	52.43M	209.36M	210.37M
Weighted Average Basic & Diluted Shares Outstanding	52.43M	209.36M	210.37M
Cash Dividends to Common per Share	$46.14	-	-

This table shows SITE Centers' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-13	320	235	-26	194	46	2.56	12	25	63
Consolidated Net Income / (Loss)	-5.82	323	238	-24	196	49	5.35	15	28	66
Net Income / (Loss) Continuing Operations	-12	323	238	-24	160	49	5.35	15	-1.38	66
Total Pre-Tax Income	-12	323	239	-23	161	49	5.72	16	-1.43	66
Total Revenue	-668	473	339	161	270	176	117	119	91	146
Net Interest Income / (Expense)	20	14	-9.88	7.29	45	0.00	-21	-20	57	-20
Total Interest Income	1.78	14	8.55	7.29	4.35	0.00	0.00	0.00	-	0.00
Other Interest Income	1.78	14	8.55	7.29	4.35	0.00	0.00	0.00	-	-
Total Interest Expense	-18	0.00	18	0.00	-41	0.00	21	20	-57	20
Total Non-Interest Income	-689	459	349	154	225	176	138	139	34	166
Other Service Charges	1.75	1.75	2.19	2.50	1.27	2.26	2.20	2.82	2.33	3.72
Net Realized & Unrealized Capital Gains on Investments	-638	368	233	32	194	31	-0.02	0.21	-31	27
Other Non-Interest Income	-53	89	113	120	30	142	136	136	63	135
Total Non-Interest Expense	-647	78	88	158	43	106	115	108	17	105
Other Operating Expenses	-630	27	29	28	20	32	34	31	-23	31
Depreciation Expense	-16	34	40	43	15	53	59	54	24	51
Other Special Charges	-0.33	16	19	21	7.93	21	22	23	15	22
Nonoperating Income / (Expense), net	8.89	-72	-11	-26	-66	-21	3.98	4.42	-76	26
Income Tax Expense	0.03	0.20	0.28	0.25	1.23	0.24	0.36	0.21	-0.05	0.26
Preferred Stock Dividends Declared	7.43	2.79	2.79	2.79	2.79	2.79	2.79	2.79	2.79	2.79
Basic Earnings per Share	($0.25)	$6.09	$1.12	($0.13)	$0.92	$0.87	$0.01	$0.06	$0.12	$0.30
Weighted Average Basic Shares Outstanding	52.43M	52.43M	209.56M	209.54M	209.36M	209.32M	209.27M	209.26M	210.37M	212.51M
Diluted Earnings per Share	($0.25)	$6.07	$1.11	($0.13)	$0.92	$0.87	$0.01	$0.06	$0.12	$0.30
Weighted Average Diluted Shares Outstanding	52.43M	52.43M	209.56M	209.54M	209.36M	209.32M	209.27M	209.26M	210.37M	212.51M
Basic & Diluted Earnings per Share	($0.25)	-	-	-	$0.92	-	-	-	$0.12	-
Weighted Average Basic & Diluted Shares Outstanding	52.43M	52.43M	209.56M	209.54M	209.36M	209.32M	209.27M	209.26M	210.37M	212.51M
Cash Dividends to Common per Share	$0.08	-	$0.13	$0.13	$0.14	$0.13	$0.13	$0.13	$0.14	$0.13

This table details how cash moves in and out of SITE Centers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-501	548	-22
Net Cash From Operating Activities	112	239	257
Net Cash From Continuing Operating Activities	112	239	257
Net Income / (Loss) Continuing Operations	532	266	169
Consolidated Net Income / (Loss)	532	266	169
Depreciation Expense	131	212	204
Amortization Expense	47	4.47	5.08
Non-Cash Adjustments to Reconcile Net Income	-562	-224	-112
Changes in Operating Assets and Liabilities, net	-36	-21	-7.79
Net Cash From Investing Activities	1,844	560	-168
Net Cash From Continuing Investing Activities	1,844	560	-168
Purchase of Investment Securities	-286	-273	-450
Sale and/or Maturity of Investments	2,130	836	283
Other Investing Activities, net	0.00	-3.38	0.00
Net Cash From Financing Activities	-2,457	-251	-112
Net Cash From Continuing Financing Activities	-2,457	-251	-112
Issuance of Debt	530	100	100
Issuance of Common Equity	-4.77	-5.22	31
Repayment of Debt	-1,888	-196	-79
Repurchase of Preferred Equity	-175	0.00	0.00
Repurchase of Common Equity	0.00	-27	-42
Payment of Dividends	-128	-121	-120
Other Financing Activities, Net	-792	-1.77	-1.45
Effect of Exchange Rate Changes	0.00	0.00	0.00

This table details how cash moves in and out of SITE Centers' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-1,016	-101	629	-12	506	35	3.13	4.25	-2.79	-17
Net Cash From Operating Activities	-31	37	66	40	46	65	85	42	52	73
Net Cash From Continuing Operating Activities	-31	37	66	40	46	65	85	42	52	73
Net Income / (Loss) Continuing Operations	-5.82	323	238	-24	196	49	5.35	15	28	66
Consolidated Net Income / (Loss)	-5.82	323	238	-24	196	49	5.35	15	28	66
Depreciation Expense	13	34	40	43	47	53	59	54	51	51
Amortization Expense	0.69	35	9.68	1.82	1.25	1.01	1.10	1.11	1.15	1.15
Non-Cash Adjustments to Reconcile Net Income	0.60	-367	-234	38	-188	-30	-2.46	-3.55	-14	-52
Changes in Operating Assets and Liabilities, net	-40	11	12	-20	-10	-7.55	22	-25	-14	7.12
Net Cash From Investing Activities	-6.06	1,124	648	78	617	55	-62	-51	115	6.11
Net Cash From Continuing Investing Activities	-6.06	1,124	648	78	617	55	-62	-51	115	6.11
Purchase of Investment Securities	-0.98	-162	-85	-38	-90	-57	-72	-55	-32	-62
Sale and/or Maturity of Investments	-4.36	1,286	732	115	714	109	9.47	3.41	148	108
Other Investing Activities, net	-0.73	-	-	0.73	-7.10	3.41	-	0.32	-	-39
Net Cash From Financing Activities	-979	-1,262	-86	-130	-158	-86	-19	13	-170	-97
Net Cash From Continuing Financing Activities	-979	-1,262	-86	-130	-158	-86	-19	13	-170	-97
Issuance of Common Equity	0.01	-2.12	-0.06	-2.59	0.01	-0.38	-0.04	-4.80	-5.94	5.34
Repayment of Debt	-0.17	-1,768	-55	-64	-93	-16	-88	-0.31	-36	-0.46
Payment of Dividends	-4.06	-30	-30	-64	-30	-30	-30	-30	-30	-31
Other Financing Activities, Net	-800	8.10	-	0.00	-	-	-1.75	-0.02	-1.40	-0.02

This table presents SITE Centers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	934	4,061	4,045
Cash and Due from Banks	55	551	20
Restricted Cash	13	17	0.96
Loans and Leases, Net of Allowance	0.00	0.00	0.00
Customer and Other Receivables	1.77	0.00	-
Premises and Equipment, Net	772	2,386	3,780
Other Assets	92	1,107	244
Total Liabilities & Shareholders' Equity	934	4,061	4,045
Total Liabilities	417	1,886	1,952
Long-Term Debt	301	1,601	1,707
Other Long-Term Liabilities	115	285	215
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	517	2,176	2,093
Total Preferred & Common Equity	517	2,176	2,087
Preferred Stock	0.00	175	175
Total Common Equity	517	2,001	1,912
Common Stock	3,987	5,996	5,996
Retained Earnings	-3,473	-3,935	-4,046
Treasury Stock	-10	-72	-52
Accumulated Other Comprehensive Income / (Loss)	5.47	6.12	9.04
Other Equity Adjustments	8.04	5.17	5.03

This table presents SITE Centers' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,127	4,046	3,893	4,025	4,061	4,053	4,197
Cash and Due from Banks	1,063	1,181	551	27	28	25	21
Restricted Cash	21	4.29	5.43	37	0.55	0.43	3.12
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	1,857	2,649	3,113	3,731	3,801	3,782	3,920
Other Assets	186	211	223	231	231	245	253
Total Liabilities & Shareholders' Equity	3,127	4,046	3,893	4,025	4,061	4,053	4,197
Total Liabilities	475	1,711	1,769	1,978	2,036	2,008	2,080
Long-Term Debt	301	1,514	1,565	1,740	1,795	1,782	1,822
Other Long-Term Liabilities	174	168	173	208	211	196	227
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,652	2,334	2,124	2,047	2,025	2,045	2,117
Total Preferred & Common Equity	2,652	2,334	2,124	2,047	2,025	2,039	2,112
Preferred Stock	175	175	175	175	175	175	175
Total Common Equity	2,477	2,159	1,949	1,872	1,850	1,864	1,937
Common Stock	5,933	5,995	5,993	5,994	5,993	5,988	5,995
Retained Earnings	-3,460	-3,780	-3,988	-4,067	-4,086	-4,061	-4,044
Treasury Stock	-7.10	-69	-69	-72	-73	-73	-29
Accumulated Other Comprehensive Income / (Loss)	6.11	8.57	8.72	12	10	5.84	9.78
Other Equity Adjustments	4.97	4.94	5.05	5.05	4.94	5.06	4.87

This table displays calculated financial ratios and metrics derived from SITE Centers' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-55.34%	42.36%	3.60%
EBITDA Growth	52.69%	49.14%	40.52%
EBIT Growth	101.90%	114.04%	135.35%
NOPAT Growth	103.40%	113.39%	136.88%
Net Income Growth	100.14%	57.43%	34.59%
EPS Growth	101.44%	57.43%	34.59%
Operating Cash Flow Growth	-53.03%	-7.28%	-8.94%
Free Cash Flow Firm Growth	981.23%	412.51%	-70.49%
Invested Capital Growth	-78.33%	-0.62%	2.14%
Revenue Q/Q Growth	-75.52%	25.07%	-4.91%
EBITDA Q/Q Growth	-22.02%	58.91%	20.10%
EBIT Q/Q Growth	-23.53%	179.55%	63.73%
NOPAT Q/Q Growth	-23.34%	179.25%	63.88%
Net Income Q/Q Growth	-27.55%	172.50%	-15.46%
EPS Q/Q Growth	-29.15%	172.50%	-15.46%
Operating Cash Flow Q/Q Growth	-40.93%	-2.17%	-4.94%
Free Cash Flow Firm Q/Q Growth	117.08%	26.10%	260.02%
Invested Capital Q/Q Growth	-72.29%	-0.29%	-3.55%
Profitability Metrics	-	-	-
EBITDA Margin	264.40%	77.34%	73.82%
EBIT Margin	205.86%	45.54%	30.29%
Profit (Net Income) Margin	174.55%	38.95%	35.22%
Tax Burden Percent	101.01%	114.83%	120.56%
Interest Burden Percent	83.95%	74.48%	96.46%
Effective Tax Rate	0.14%	0.88%	0.58%
Return on Invested Capital (ROIC)	27.26%	8.13%	3.84%
ROIC Less NNEP Spread (ROIC-NNEP)	17.33%	5.58%	5.29%
Return on Net Nonoperating Assets (RNNOA)	12.24%	4.32%	4.33%
Return on Equity (ROE)	39.51%	12.45%	8.16%
Cash Return on Invested Capital (CROIC)	156.03%	8.75%	1.72%
Operating Return on Assets (OROA)	25.11%	7.66%	3.62%
Return on Assets (ROA)	21.29%	6.56%	4.21%
Return on Common Equity (ROCE)	36.94%	11.41%	7.45%
Return on Equity Simple (ROE_SIMPLE)	102.92%	12.21%	8.09%
Net Operating Profit after Tax (NOPAT)	626	308	144
NOPAT Margin	205.56%	45.14%	30.11%
Net Nonoperating Expense Percent (NNEP)	9.93%	2.55%	-1.45%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	-105.86%	54.46%	69.71%
Earnings before Interest and Taxes (EBIT)	627	311	145
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	806	528	354
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.55	0.39	0.39
Price to Tangible Book Value (P/TBV)	1.55	0.39	0.39
Price to Revenue (P/Rev)	2.63	1.13	1.56
Price to Earnings (P/E)	1.55	3.04	4.74
Dividend Yield	300.85%	18.40%	14.80%
Earnings Yield	64.37%	32.91%	21.10%
Enterprise Value to Invested Capital (EV/IC)	1.27	0.52	0.69
Enterprise Value to Revenue (EV/Rev)	3.40	2.90	5.45
Enterprise Value to EBITDA (EV/EBITDA)	1.29	3.75	7.39
Enterprise Value to EBIT (EV/EBIT)	1.65	6.38	18.01
Enterprise Value to NOPAT (EV/NOPAT)	1.65	6.43	18.11
Enterprise Value to Operating Cash Flow (EV/OCF)	9.24	8.30	10.16
Enterprise Value to Free Cash Flow (EV/FCFF)	0.29	5.97	40.41
Leverage & Solvency	-	-	-
Debt to Equity	0.58	0.74	0.82
Long-Term Debt to Equity	0.58	0.74	0.82
Financial Leverage	0.71	0.77	0.82
Leverage Ratio	1.86	1.90	1.94
Compound Leverage Factor	1.56	1.41	1.87
Debt to Total Capital	36.84%	42.39%	44.93%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.84%	42.39%	44.93%
Preferred Equity to Total Capital	0.00%	4.63%	4.61%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.15%
Common Equity to Total Capital	63.16%	52.98%	50.32%
Debt to EBITDA	0.37	3.03	4.83
Net Debt to EBITDA	0.29	1.96	4.77
Long-Term Debt to EBITDA	0.37	3.03	4.83
Debt to NOPAT	0.48	5.20	11.83
Net Debt to NOPAT	0.37	3.35	11.68
Long-Term Debt to NOPAT	0.48	5.20	11.83
Noncontrolling Interest Sharing Ratio	6.50%	8.34%	8.74%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	3,584	331	65
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.12	0.17	0.12
Fixed Asset Turnover	0.19	0.22	0.13
Capital & Investment Metrics	-	-	-
Invested Capital	818	3,776	3,800
Invested Capital Turnover	0.13	0.18	0.13
Increase / (Decrease) in Invested Capital	-2,958	-24	80
Enterprise Value (EV)	1,035	1,981	2,613
Market Capitalization	802	773	747
Book Value per Share	$9.86	$9.56	$9.00
Tangible Book Value per Share	$9.86	$9.56	$9.00
Total Capital	818	3,776	3,800
Total Debt	301	1,601	1,707
Total Long-Term Debt	301	1,601	1,707
Net Debt	234	1,032	1,686
Capital Expenditures (CapEx)	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	94	42	-24
Net Nonoperating Obligations (NNO)	301	1,601	1,707
Total Depreciation and Amortization (D&A)	178	217	209
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$9.81	$4.84	$2.96
Adjusted Weighted Average Basic Shares Outstanding	52.43M	52.34M	52.59M
Adjusted Diluted Earnings per Share	$9.77	$4.84	$2.92
Adjusted Weighted Average Diluted Shares Outstanding	52.43M	52.34M	52.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.43M	52.34M	52.59M
Normalized Net Operating Profit after Tax (NOPAT)	748	382	228
Normalized NOPAT Margin	245.54%	55.97%	47.63%
Pre Tax Income Margin	172.82%	33.92%	29.22%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	24.08%	45.36%	71.10%
Augmented Payout Ratio	24.08%	55.37%	96.14%

This table displays calculated financial ratios and metrics derived from SITE Centers' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-347.38%	168.99%	189.31%	35.41%	195.67%	20.79%	-7.24%	2.63%	-21.31%	20.14%
EBITDA Growth	-102.92%	274.67%	389.17%	-27.57%	117.69%	33.15%	-13.61%	5.62%	87.71%	27.98%
EBIT Growth	-109.58%	462.96%	14,390.87%	-73.00%	205.26%	71.94%	-90.67%	-0.82%	312.56%	51.07%
NOPAT Growth	-106.43%	465.34%	15,286.68%	-80.84%	332.75%	71.78%	-91.21%	-0.42%	191.20%	51.57%
Net Income Growth	-102.96%	563.94%	4,350.68%	-253.91%	596.17%	-26.54%	-91.14%	9.65%	-52.25%	135.16%
EPS Growth	-127.17%	597.70%	11,000.00%	-316.67%	596.17%	-26.54%	-96.30%	20.00%	-52.25%	150.00%
Operating Cash Flow Growth	-167.02%	-43.67%	-21.43%	-5.25%	-10.22%	-11.08%	3.10%	-15.70%	-20.53%	1.06%
Free Cash Flow Firm Growth	1,079.83%	452.43%	59.28%	7,516.82%	1,010.03%	353.39%	212.56%	-101.27%	-115.56%	-84.85%
Invested Capital Growth	-78.33%	-22.03%	0.73%	-3.61%	-0.62%	-3.87%	-3.48%	0.34%	2.14%	3.37%
Revenue Q/Q Growth	-241.35%	39.45%	110.50%	-44.91%	53.69%	49.99%	-1.48%	-10.86%	-37.21%	15.17%
EBITDA Q/Q Growth	-101.73%	54.41%	527.47%	-80.06%	122.38%	101.59%	-7.09%	-17.46%	36.01%	30.80%
EBIT Q/Q Growth	-105.52%	57.55%	8,275.19%	-98.44%	224.28%	3,955.29%	-84.40%	-60.53%	82.66%	119.99%
NOPAT Q/Q Growth	-103.68%	58.31%	11,799.49%	-98.90%	223.36%	4,208.62%	-85.18%	-61.13%	28.36%	120.42%
Net Income Q/Q Growth	-101.80%	35.56%	1,111.57%	-111.99%	303.82%	808.69%	-65.02%	-45.77%	-57.39%	9.61%
EPS Q/Q Growth	-104.12%	446.85%	953.85%	-114.13%	303.82%	808.69%	-83.33%	-50.00%	-57.39%	11.11%
Operating Cash Flow Q/Q Growth	-184.76%	-44.72%	66.43%	-14.05%	-28.76%	-22.90%	100.70%	-18.56%	-29.44%	-10.61%
Free Cash Flow Firm Q/Q Growth	139.49%	454.29%	58.15%	-25.82%	12.14%	59.81%	7,464.54%	96.33%	68.78%	29.01%
Invested Capital Q/Q Growth	-72.29%	-23.26%	4.30%	-2.96%	-0.29%	-0.87%	-0.19%	0.73%	-3.55%	-0.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	0.00%	98.27%	88.75%	29.77%	102.08%	70.55%	52.49%	55.66%	138.64%	64.00%
EBIT Margin	0.00%	83.57%	73.97%	1.86%	84.25%	39.93%	1.48%	9.32%	81.60%	28.05%
Profit (Net Income) Margin	0.00%	68.29%	70.26%	-14.62%	72.70%	27.67%	4.57%	12.86%	30.87%	45.49%
Tax Burden Percent	49.12%	99.94%	99.88%	101.08%	121.79%	99.52%	93.67%	98.63%	-1,973.08%	99.61%
Interest Burden Percent	54.35%	81.77%	95.09%	-777.96%	70.85%	69.63%	330.16%	139.85%	-1.92%	162.82%
Effective Tax Rate	0.00%	0.06%	0.12%	0.00%	0.77%	0.48%	6.33%	1.37%	0.00%	0.39%
Return on Invested Capital (ROIC)	0.00%	30.84%	18.18%	0.25%	15.06%	5.61%	0.18%	1.26%	7.28%	3.63%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	23.79%	17.50%	-1.28%	13.27%	4.42%	0.39%	1.51%	5.86%	5.05%
Return on Net Nonoperating Assets (RNNOA)	0.00%	10.33%	13.28%	-1.03%	10.29%	3.78%	0.34%	1.30%	4.80%	4.41%
Return on Equity (ROE)	0.00%	41.17%	31.46%	-0.78%	25.34%	9.39%	0.53%	2.56%	12.08%	8.04%
Cash Return on Invested Capital (CROIC)	156.03%	49.00%	12.11%	10.16%	8.75%	6.80%	5.63%	2.23%	1.72%	-1.04%
Operating Return on Assets (OROA)	0.00%	29.08%	17.29%	0.34%	14.18%	5.30%	0.18%	1.21%	9.76%	3.43%
Return on Assets (ROA)	0.00%	23.76%	16.42%	-2.67%	12.24%	3.67%	0.57%	1.66%	3.69%	5.56%
Return on Common Equity (ROCE)	0.00%	38.11%	28.94%	-0.71%	23.23%	8.59%	0.48%	2.34%	11.02%	7.35%
Return on Equity Simple (ROE_SIMPLE)	0.00%	27.68%	19.70%	10.68%	0.00%	4.76%	5.68%	8.34%	0.00%	9.46%
Net Operating Profit after Tax (NOPAT)	-15	395	249	2.10	226	70	1.62	11	52	41
NOPAT Margin	0.00%	83.51%	73.57%	1.30%	83.60%	39.74%	1.38%	9.20%	57.12%	27.94%
Net Nonoperating Expense Percent (NNEP)	-0.91%	7.05%	0.68%	1.53%	1.78%	1.19%	-0.20%	-0.25%	1.42%	-1.41%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	16.43%	26.03%	98.14%	15.75%	60.07%	98.52%	90.68%	18.40%	71.95%
Earnings before Interest and Taxes (EBIT)	-22	395	251	3.00	228	70	1.73	11	75	41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.06	465	301	48	276	124	62	66	127	93
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.55	0.35	1.41	1.56	0.39	0.37	1.42	1.31	0.39	1.09
Price to Tangible Book Value (P/TBV)	1.55	0.35	1.41	1.56	0.39	0.37	1.42	1.31	0.39	1.09
Price to Revenue (P/Rev)	2.63	0.70	3.21	4.19	1.13	1.26	5.11	4.64	1.56	4.20
Price to Earnings (P/E)	1.55	1.21	6.77	14.09	3.04	7.93	25.34	15.31	4.74	11.23
Dividend Yield	300.85%	0.00%	4.69%	4.68%	18.40%	15.89%	4.13%	4.50%	14.80%	5.16%
Earnings Yield	64.37%	82.63%	14.76%	7.10%	32.91%	12.61%	3.95%	6.53%	21.10%	8.90%
Enterprise Value to Invested Capital (EV/IC)	1.27	0.09	0.92	1.14	0.52	0.67	1.20	1.14	0.69	1.04
Enterprise Value to Revenue (EV/Rev)	3.40	0.21	3.74	5.82	2.90	4.65	8.88	8.34	5.45	8.12
Enterprise Value to EBITDA (EV/EBITDA)	1.29	0.26	5.12	9.32	3.75	7.64	15.19	14.06	7.39	13.90
Enterprise Value to EBIT (EV/EBIT)	1.65	0.33	7.15	17.15	6.38	22.83	55.94	44.34	18.01	46.19
Enterprise Value to NOPAT (EV/NOPAT)	1.65	0.33	7.20	17.31	6.43	23.00	56.32	44.54	18.11	46.50
Enterprise Value to Operating Cash Flow (EV/OCF)	9.24	1.41	16.23	17.87	8.30	10.40	18.15	17.53	10.16	15.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.29	0.16	7.63	11.05	5.97	9.65	20.90	51.24	40.41	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.11	0.65	0.74	0.74	0.85	0.89	0.87	0.82	0.86
Long-Term Debt to Equity	0.58	0.11	0.65	0.74	0.74	0.85	0.89	0.87	0.82	0.86
Financial Leverage	0.71	0.43	0.76	0.80	0.77	0.86	0.89	0.86	0.82	0.87
Leverage Ratio	1.86	1.52	1.86	1.91	1.90	1.97	2.01	1.98	1.94	1.99
Compound Leverage Factor	1.01	1.24	1.77	-14.83	1.35	1.37	6.63	2.76	-0.04	3.25
Debt to Total Capital	36.84%	10.19%	39.34%	42.43%	42.39%	45.95%	47.00%	46.57%	44.93%	46.25%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.84%	10.19%	39.34%	42.43%	42.39%	45.95%	47.00%	46.57%	44.93%	46.25%
Preferred Equity to Total Capital	0.00%	5.93%	4.55%	4.74%	4.63%	4.62%	4.58%	4.57%	4.61%	4.44%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.15%	0.15%
Common Equity to Total Capital	63.16%	83.88%	56.11%	52.83%	52.98%	49.43%	48.42%	48.71%	50.32%	49.16%
Debt to EBITDA	0.37	0.29	2.19	3.46	3.03	5.24	5.96	5.73	4.83	6.19
Net Debt to EBITDA	0.29	-0.76	0.47	2.23	1.96	5.05	5.87	5.65	4.77	6.10
Long-Term Debt to EBITDA	0.37	0.29	2.19	3.46	3.03	5.24	5.96	5.73	4.83	6.19
Debt to NOPAT	0.48	0.37	3.08	6.42	5.20	15.78	22.11	18.16	11.83	20.69
Net Debt to NOPAT	0.37	-0.96	0.67	4.13	3.35	15.21	21.76	17.90	11.68	20.42
Long-Term Debt to NOPAT	0.48	0.37	3.08	6.42	5.20	15.78	22.11	18.16	11.83	20.69
Noncontrolling Interest Sharing Ratio	0.00%	7.45%	8.03%	8.53%	8.34%	8.54%	8.65%	8.82%	8.74%	8.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,943	1,229	222	140	249	222	139	-1.89	-27	-88
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	12.03	0.00	0.00	0.00	6.65	-0.09	0.00	-4.36
Operating Cash Flow to Interest Expense	0.00	0.00	3.61	0.00	0.00	0.00	4.05	2.12	0.00	3.64
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	3.61	0.00	0.00	0.00	4.05	2.12	0.00	3.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.35	0.23	0.18	0.17	0.13	0.12	0.13	0.12	0.12
Fixed Asset Turnover	0.19	0.45	0.29	0.21	0.22	0.14	0.13	0.14	0.13	0.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	818	2,953	3,848	3,689	3,776	3,787	3,820	3,827	3,800	3,939
Invested Capital Turnover	0.13	0.37	0.25	0.19	0.18	0.14	0.13	0.14	0.13	0.13
Increase / (Decrease) in Invested Capital	-2,958	-834	28	-138	-24	-153	-138	13	80	128
Enterprise Value (EV)	1,035	267	3,541	4,223	1,981	2,537	4,574	4,371	2,613	4,095
Market Capitalization	802	875	3,038	3,039	773	685	2,632	2,433	747	2,116
Book Value per Share	$9.86	$11.82	$10.30	$9.30	$9.56	$8.94	$8.84	$8.86	$9.00	$9.05
Tangible Book Value per Share	$9.86	$11.82	$10.30	$9.30	$9.56	$8.94	$8.84	$8.86	$9.00	$9.05
Total Capital	818	2,953	3,848	3,689	3,776	3,787	3,820	3,827	3,800	3,939
Total Debt	301	301	1,514	1,565	1,601	1,740	1,795	1,782	1,707	1,822
Total Long-Term Debt	301	301	1,514	1,565	1,601	1,740	1,795	1,782	1,707	1,822
Net Debt	234	-783	328	1,009	1,032	1,677	1,767	1,757	1,686	1,798
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-8.69	72	11	26	29	21	-3.73	-4.36	24	-26
Net Nonoperating Obligations (NNO)	301	301	1,514	1,565	1,601	1,740	1,795	1,782	1,707	1,822
Total Depreciation and Amortization (D&A)	14	70	50	45	48	54	60	55	52	52
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.25)	$6.09	$4.48	($0.52)	$3.68	$0.88	$0.04	$0.24	$0.48	$1.20
Adjusted Weighted Average Basic Shares Outstanding	52.43M	52.43M	52.39M	52.39M	52.34M	52.33M	52.32M	52.31M	52.59M	53.13M
Adjusted Diluted Earnings per Share	($0.25)	$6.07	$4.44	($0.52)	$3.68	$0.88	$0.04	$0.24	$0.48	$1.20
Adjusted Weighted Average Diluted Shares Outstanding	52.43M	52.43M	52.39M	52.39M	52.34M	52.33M	52.32M	52.31M	52.59M	53.13M
Adjusted Basic & Diluted Earnings per Share	($0.25)	$0.00	$0.00	$0.00	$3.68	$0.00	$0.00	$0.00	$0.48	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.43M	52.43M	52.39M	52.39M	52.34M	52.33M	52.32M	52.31M	52.59M	53.13M
Normalized Net Operating Profit after Tax (NOPAT)	-15	411	268	63	234	91	23	34	63	63
Normalized NOPAT Margin	0.00%	86.93%	79.16%	39.17%	86.52%	51.62%	19.34%	28.40%	68.89%	43.21%
Pre Tax Income Margin	0.00%	68.33%	70.34%	-14.46%	59.69%	27.80%	4.88%	13.04%	-1.56%	45.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	13.61	0.00	0.00	0.00	0.08	0.56	0.00	2.03
NOPAT to Interest Expense	0.00	0.00	13.54	0.00	0.00	0.00	0.08	0.55	0.00	2.02
EBIT Less CapEx to Interest Expense	0.00	0.00	13.61	0.00	0.00	0.00	0.08	0.56	0.00	2.03
NOPAT Less CapEx to Interest Expense	0.00	0.00	13.54	0.00	0.00	0.00	0.08	0.55	0.00	2.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.08%	20.99%	33.49%	67.84%	45.36%	124.03%	105.62%	71.80%	71.10%	58.97%
Augmented Payout Ratio	24.08%	20.99%	33.49%	67.84%	55.37%	168.12%	165.46%	112.28%	96.14%	71.93%

Frequently Asked Questions About SITE Centers' Financials

When does SITE Centers's fiscal year end?

According to the most recent income statement we have on file, SITE Centers' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has SITE Centers' net income changed over the last 2 years?

SITE Centers' net income appears to be on an upward trend, with a most recent value of $531.82 million in 2024, rising from $168.79 million in 2022. The previous period was $265.72 million in 2023. See SITE Centers' forecast for analyst expectations on what’s next for the company.

How has SITE Centers revenue changed over the last 2 years?

Over the last 2 years, SITE Centers' total revenue changed from $479.22 million in 2022 to $304.68 million in 2024, a change of -36.4%.

How much debt does SITE Centers have?

SITE Centers' total liabilities were at $416.86 million at the end of 2024, a 77.9% decrease from 2023, and a 78.6% decrease since 2022.

How much cash does SITE Centers have?

In the past 2 years, SITE Centers' cash and equivalents has ranged from $20.25 million in 2022 to $551.40 million in 2023, and is currently $54.60 million as of their latest financial filing in 2024.

How has SITE Centers' book value per share changed over the last 2 years?

Over the last 2 years, SITE Centers' book value per share changed from 9.00 in 2022 to 9.86 in 2024, a change of 9.6%.

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This page (NYSE:SITC) was last updated on 5/27/2025 by MarketBeat.com Staff

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SITE Centers (SITC) Financials

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