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SITE CENTERS (SITC) Financials

SITE CENTERS logo
$8.80 +0.02 (+0.17%)
Closing price 03:59 PM Eastern
Extended Trading
$8.80 0.00 (0.00%)
As of 05:34 PM Eastern
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Annual Income Statements for SITE CENTERS

Annual Income Statements for SITE CENTERS

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

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

Quarterly Income Statements for SITE CENTERS

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

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

Annual Cash Flow Statements for SITE CENTERS

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

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

Quarterly Cash Flow Statements for SITE CENTERS

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

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

Annual Balance Sheets for SITE CENTERS

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

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

Quarterly Balance Sheets for SITE CENTERS

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

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

Annual Metrics And Ratios for SITE CENTERS

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

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

Quarterly Metrics And Ratios for SITE CENTERS

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

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

Financials Breakdown Chart

Key Financial Trends

Site Centers (NYSE: SITC) has experienced significant fluctuations in financial performance over the past two years, particularly noticeable in their quarterly reports from 2022 through 2024.

Positive trends and highlights:

  • Strong net income in Q3 and Q4 of 2023 and in most quarters of 2024, with Q3 2024 showing consolidated net income of $322.95 million and EPS of approximately $6.09 (basic) and $6.07 (diluted).
  • Consistent positive operating cash flows in many quarters, including $65.25 million in Q3 2023 and $66.49 million in Q2 2024, suggesting good cash generation from operations.
  • Substantial net cash from investing activities in Q3 and Q2 of 2024 (over $1 billion and $647 million respectively), primarily driven by sales/maturities of investments, improving liquidity.
  • Reduction in long-term debt from $1.79 billion in Q2 2023 to $300 million by Q3 2024, indicating deleveraging.
  • Shareholders’ equity increased by approximately 14.8% from $2.03 billion in Q2 2023 to about $2.65 billion by Q3 2024, reflecting stronger net assets.
  • Dividends per share remained stable around $0.13-$0.14 per quarter (annualized), providing consistent returns to shareholders.

Neutral observations:

  • Net interest expense/income varied by quarter, with some quarters showing net interest income and others net interest expense, affecting overall income stability.
  • Depreciation and amortization expenses were substantial and fairly consistent (~$30 million to $54 million per quarter), reflecting ongoing capital asset usage but also impacting EBITDA.
  • Changes in operating assets and liabilities had mixed effects on cash flows, indicating varying working capital management efficiency each quarter.

Negative factors and risks:

  • Huge net realized & unrealized capital losses of approximately $637.58 million in Q4 2024 leading to a consolidated net loss of $5.82 million and loss per share of $0.25, a stark reversal from prior quarters of strong profitability.
  • Total revenue in Q4 2024 was negative $668 million, driven by large non-interest income losses, contrasting to positive revenue in previous quarters.
  • Severe negative cash flows from financing activities in Q4 2024 at nearly $979 million, which may indicate significant debt repayments or other outflows impacting liquidity.
  • Sharp decline in total assets from approximately $4.04 billion in Q2 2024 to about $3.13 billion by Q3 2024, possibly due to asset sales or write-downs.
  • The income volatility, especially large impairment and special charge fluctuations in 2023 (e.g., $66.6 million impairment in Q1 2024), introduces risk.

Summary: Site Centers showed strong profitability and solid cash flow through 2023 and much of 2024, along with balance sheet improvements like debt reduction and growing equity. However, the very weak Q4 2024 results caused by significant unrealized investment losses and massive cash outflows from financing activities represent a major near-term setback. Investors should be cautious about this volatility while noting the company’s underlying operational strength in prior quarters.

10/03/25 08:52 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About SITE CENTERS's Financials

When does SITE CENTERS's fiscal year end?

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

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

SITE CENTERS's 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. Check out SITE CENTERS's forecast to explore projected trends and price targets.

How has SITE CENTERS's revenue changed over the last 2 years?

Over the last 2 years, SITE CENTERS's 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's 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's 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's book value per share changed over the last 2 years?

Over the last 2 years, SITE CENTERS's 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 10/3/2025 by MarketBeat.com Staff
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