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Site Centers (SITC) Financials

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$4.50 +0.02 (+0.33%)
Closing price 07/2/2026 03:59 PM Eastern
Extended Trading
$4.50 0.00 (-0.02%)
As of 07/2/2026 07:53 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Site Centers

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -95 38 -270 81 61 15 106 158 255 516 178
Consolidated Net Income / (Loss)		 -70 61 -243 116 102 37 125 169 266 532 178
Net Income / (Loss) Continuing Operations		 -238 61 -243 116 102 37 125 139 229 526 178
Total Pre-Tax Income 		-232 63 -231 117 102 38 127 140 231 527 178
Total Revenue		 816 1,043 761 812 473 396 463 479 682 942 446
Net Interest Income / (Expense)		 -213 37 -160 -121 -67 -66 -76 0.00 4.35 32 3.77
Total Interest Income		 29 37 28 20 18 12 0.00 0.00 4.35 32 3.77
Other Interest Income		 29 - - - - - - 0.00 4.35 32 3.77
Total Interest Expense		 242 0.00 189 141 85 78 76 0.00 0.00 0.00 0.00
Total Non-Interest Income		 1,028 1,006 922 933 539 461 539 479 678 911 443
Other Service Charges		 55 59 37 50 64 45 42 15 8.55 8.18 20
Net Realized & Unrealized Capital Gains on Investments		 - - - 225 31 1.07 6.07 0.00 225 633 319
Other Non-Interest Income		 973 947 884 657 444 415 491 464 444 269 104
Total Non-Interest Expense		 1,050 780 872 582 367 367 401 334 372 308 239
Other Operating Expenses		 220 130 44 165 127 122 131 73 127 95 56
Depreciation Expense		 402 390 346 242 165 171 186 177 181 101 45
Impairment Charge		 281 111 346 70 3.37 5.20 7.27 2.54 0.00 67 114
Other Special Charges		 147 149 135 104 71 69 77 82 64 45 25
Nonoperating Income / (Expense), net		 2.90 -200 -120 -113 -3.67 9.19 65 -5.13 -79 -108 -30
Income Tax Expense		 6.29 1.78 12 0.86 0.66 1.13 1.55 0.82 2.05 0.76 -0.23
Net Income / (Loss) Discontinued Operations		 - - - - - - - 30 36 6.06 0.00
Preferred Stock Dividends Declared		 22 22 29 34 39 21 19 11 11 16 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.86 1.19 -1.45 1.67 1.13 0.87 0.48 0.07 0.02 0.00 0.00
Basic Earnings per Share		 ($0.27) $0.20 ($1.48) $0.43 $0.33 $0.08 $0.51 $2.95 $4.85 $9.81 $3.36
Weighted Average Basic Shares Outstanding		 360.95M 365.29M 183.68M 184.53M 193.83M 193.37M 211.24M 210.37M 209.36M 52.43M 52.46M
Diluted Earnings per Share		 ($0.27) $0.20 ($1.48) $0.43 $0.33 $0.08 $0.51 $2.94 $4.85 $9.77 $3.36
Weighted Average Diluted Shares Outstanding		 360.95M 365.29M 183.68M 184.53M 193.83M 193.37M 211.24M 210.37M 209.36M 52.43M 52.46M
Weighted Average Basic & Diluted Shares Outstanding		 360.95M 365.29M 183.68M 184.53M 193.83M 193.37M 211.24M 210.37M 209.36M 52.43M 52.46M
Cash Dividends to Common per Share		 $0.69 $0.76 $1.52 $1.16 $0.80 $0.25 $0.47 - $2.72 $46.14 $6.75

Quarterly Income Statements for Site Centers

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 46 194 -26 235 320 -13 3.09 47 -6.16 134 0.94
Consolidated Net Income / (Loss)		 49 196 -24 238 323 -5.82 3.09 47 -6.16 134 0.94
Net Income / (Loss) Continuing Operations		 49 160 -33 230 335 -12 3.09 47 -6.16 134 0.94
Total Pre-Tax Income 		49 161 -33 230 335 -12 3.23 47 -5.97 134 0.76
Total Revenue		 176 270 97 329 443 -668 44 34 29 341 18
Net Interest Income / (Expense)		 0.00 45 7.29 8.55 14 20 0.36 0.72 1.41 1.28 1.19
Total Interest Income		 0.00 4.35 7.29 8.55 14 1.78 0.36 0.72 1.41 1.28 1.19
Other Interest Income		 0.00 4.35 7.29 8.55 14 1.78 0.36 0.72 1.41 1.28 1.19
Total Interest Expense		 0.00 -41 0.00 0.00 0.00 -18 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 176 225 90 321 429 -689 44 33 27 339 17
Other Service Charges		 2.26 1.27 2.33 1.98 1.56 1.75 11 2.81 2.90 3.18 3.78
Net Realized & Unrealized Capital Gains on Investments		 31 194 -4.10 233 368 -638 1.03 0.00 0.00 319 4.01
Other Non-Interest Income		 142 30 92 86 59 -53 31 31 24 17 9.24
Total Non-Interest Expense		 106 43 111 70 60 -647 35 -20 29 197 16
Other Operating Expenses		 32 20 -4.45 28 26 -630 14 -39 -94 176 11
Depreciation Expense		 53 15 34 31 23 -16 13 13 11 7.87 5.02
Impairment Charge		 0.00 - 67 0.00 0.00 - 0.00 0.00 107 7.50 17
Other Special Charges		 21 7.93 15 11 11 -0.33 7.13 6.46 5.51 5.55 -17
Nonoperating Income / (Expense), net		 -21 -66 -19 -29 -49 8.89 -6.28 -7.26 -5.85 -10 -1.15
Income Tax Expense		 0.24 1.23 0.25 0.28 0.20 0.03 0.15 0.18 0.19 -0.74 -0.18
Basic Earnings per Share		 $0.87 $0.92 ($0.51) $4.49 $6.09 ($0.25) $0.06 $0.88 ($0.13) $2.56 $0.02
Weighted Average Basic Shares Outstanding		 209.32M 209.36M 209.54M 209.56M 52.43M 52.43M 52.44M 52.44M 52.46M 52.46M 52.47M
Diluted Earnings per Share		 $0.87 $0.92 ($0.51) $4.45 $6.07 ($0.25) $0.06 $0.88 ($0.13) $2.56 $0.02
Weighted Average Diluted Shares Outstanding		 209.32M 209.36M 209.54M 209.56M 52.43M 52.43M 52.44M 52.44M 52.46M 52.46M 52.47M
Weighted Average Basic & Diluted Shares Outstanding		 209.32M 209.36M 209.54M 209.56M 52.43M 52.43M 52.44M 52.44M 52.46M 52.46M 52.47M
Cash Dividends to Common per Share		 $0.13 $0.14 $0.52 - - $0.08 $0.00 $1.50 $3.25 $2.01 $0.00

Annual Cash Flow Statements for Site Centers

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.06 6.70 55 -81 5.48 55 -31 -22 548 -501 55
Net Cash From Operating Activities		 433 461 410 263 270 190 283 257 239 112 20
Net Cash From Continuing Operating Activities		 433 461 410 266 270 190 283 257 239 112 20
Net Income / (Loss) Continuing Operations		 -70 61 -243 116 102 37 125 169 266 532 178
Consolidated Net Income / (Loss)		 -70 61 -243 116 102 37 125 169 266 532 178
Depreciation Expense		 402 390 346 242 165 171 186 204 212 131 45
Amortization Expense		 -5.32 2.15 7.47 16 3.98 4.60 4.31 5.08 4.47 47 13
Non-Cash Adjustments to Reconcile Net Income		 135 39 321 -111 -1.93 2.15 -47 -112 -224 -562 -203
Changes in Operating Assets and Liabilities, net		 -28 -31 -21 1.85 1.19 -24 14 -7.79 -21 -36 -13
Net Cash From Investing Activities		 -55 473 479 818 -10 102 74 -168 560 1,844 705
Net Cash From Continuing Investing Activities		 -55 473 479 818 -10 102 74 -168 560 1,844 705
Purchase of Investment Securities		 -488 -327 -271 -218 -249 -65 -212 -450 -273 -286 -14
Sale and/or Maturity of Investments		 516 790 693 993 143 27 286 283 833 2,129 720
Other Investing Activities, net		 -83 10 56 43 96 0.00 0.00 0.00 0.34 0.73 0.00
Net Cash From Financing Activities		 -379 -927 -834 -1,163 -254 -237 -388 -112 -251 -2,457 -670
Net Cash From Continuing Financing Activities		 -379 -927 -834 -1,163 -254 -237 -388 -112 -251 -2,457 -670
Issuance of Debt		 1,285 0.00 791 1,350 50 0.00 0.00 100 100 530 0.00
Issuance of Common Equity		 2.33 14 22 4.77 194 0.00 219 31 -5.22 -4.77 -0.09
Repayment of Debt		 -1,394 -646 -1,508 -2,146 -102 -128 -350 -79 -196 -1,888 -314
Repurchase of Preferred Equity		 - - 0.00 0.00 -200 0.00 -150 0.00 0.00 -175 0.00
Repurchase of Common Equity		 - 0.00 0.00 -36 -14 -9.93 0.00 -42 -27 0.00 0.00
Payment of Dividends		 -265 -294 -306 -281 -181 -98 -100 -120 -121 -128 -356
Other Financing Activities, Net		 -6.45 -1.09 -1.07 -54 -0.99 -0.64 -7.20 -1.45 -1.77 -792 0.00

Quarterly Cash Flow Statements for Site Centers

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 35 506 -12 629 -101 -1,016 1.96 93 -24 -16 75
Net Cash From Operating Activities		 65 46 40 66 37 -31 5.72 17 5.15 -8.47 -4.31
Net Cash From Continuing Operating Activities		 65 46 32 66 37 -31 5.72 17 5.15 -8.47 -4.31
Net Income / (Loss) Continuing Operations		 49 196 -24 238 323 -5.82 3.09 47 -6.16 134 0.94
Consolidated Net Income / (Loss)		 49 196 -24 238 323 -5.82 3.09 47 -6.16 134 0.94
Depreciation Expense		 53 47 43 40 34 13 13 13 11 7.87 5.02
Amortization Expense		 1.01 1.25 1.82 9.68 35 0.69 0.70 1.20 1.15 9.61 0.00
Non-Cash Adjustments to Reconcile Net Income		 -30 -188 30 -234 -367 0.60 -0.68 -52 -1.05 -149 -6.11
Changes in Operating Assets and Liabilities, net		 -7.55 -10 -20 12 11 -40 -11 8.47 0.44 -11 -4.15
Net Cash From Investing Activities		 55 617 78 648 1,124 -6.06 -3.25 90 262 357 80
Net Cash From Continuing Investing Activities		 55 617 78 648 1,124 -6.06 -3.25 90 262 357 80
Purchase of Investment Securities		 -57 -90 -38 -85 -162 -0.98 -3.25 -1.77 -4.31 -4.83 -2.86
Sale and/or Maturity of Investments		 109 714 115 732 1,286 -4.36 0.00 92 266 362 62
Other Investing Activities, net		 3.41 -7.10 0.73 - - -0.73 0.00 - - - 21
Net Cash From Financing Activities		 -86 -158 -130 -86 -1,262 -979 -0.52 -14 -291 -364 -0.04
Net Cash From Continuing Financing Activities		 -86 -158 -130 -86 -1,262 -979 -0.52 -14 -291 -364 -0.04
Repayment of Debt		 -16 -93 -64 -55 -1,768 -0.17 -0.43 -14 -41 -258 0.00
Repurchase of Common Equity		 - - - - - - -0.09 - - - -0.04

Annual Balance Sheets for Site Centers

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 9,097 8,198 7,170 4,206 4,094 4,108 3,967 4,045 4,061 934 419
Cash and Due from Banks		 22 30 93 11 16 70 42 20 551 55 119
Restricted Cash		 10 8.80 2.11 2.56 3.05 4.67 1.45 0.96 17 13 3.78
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 - - - - - - - - 0.00 1.77 0.90
Premises and Equipment, Net		 8,065 7,248 6,295 3,456 3,421 3,562 3,667 3,780 2,386 772 226
Other Assets		 999 910 781 737 654 472 256 244 1,107 92 69
Total Liabilities & Shareholders' Equity		 9,097 8,198 7,170 4,206 4,094 4,108 3,967 4,045 4,061 934 419
Total Liabilities		 5,634 4,952 4,273 2,133 2,112 2,163 1,924 1,952 1,886 417 84
Long-Term Debt		 5,140 4,494 3,849 1,884 1,847 1,934 1,677 1,707 1,601 301 22
Other Long-Term Liabilities		 425 382 345 204 221 215 219 215 285 115 62
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,463 3,246 2,897 2,073 1,981 1,945 2,043 2,093 2,176 517 335
Total Preferred & Common Equity		 3,455 3,238 2,891 2,070 1,978 1,942 2,037 2,087 2,176 517 335
Total Common Equity		 3,105 2,888 2,366 1,545 1,653 1,617 1,862 1,912 2,001 517 335
Common Stock		 5,503 5,524 5,550 5,563 5,720 5,725 5,955 5,996 5,996 3,987 3,986
Retained Earnings		 -2,392 -2,632 -3,183 -3,980 -4,066 -4,100 -4,093 -4,046 -3,935 -3,473 -3,651
Treasury Stock		 -15 -15 -8.28 -44 -7.71 -11 -5.35 -52 -72 -10 -0.23

Quarterly Balance Sheets for Site Centers

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 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 4,197 4,053 4,061 4,025 3,893 4,046 3,127 930 959 654 402
Cash and Due from Banks		 21 25 28 27 551 1,181 1,063 58 154 128 193
Restricted Cash		 3.12 0.43 0.55 37 5.43 4.29 21 11 8.73 10 4.62
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 - - - - - - - 0.22 0.35 0.31 0.35
Premises and Equipment, Net		 3,920 3,782 3,801 3,731 3,113 2,649 1,857 762 711 436 148
Other Assets		 253 245 231 231 223 211 186 98 85 79 55
Total Liabilities & Shareholders' Equity		 4,197 4,053 4,061 4,025 3,893 4,046 3,127 930 959 654 402
Total Liabilities		 2,080 2,008 2,036 1,978 1,769 1,711 475 410 472 346 66
Long-Term Debt		 1,822 1,782 1,795 1,740 1,565 1,514 301 334 288 249 16
Other Long-Term Liabilities		 227 196 211 208 173 168 174 76 184 97 50
Commitments & Contingencies		 0.00 0.00 0.00 0.00 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 2,652 520 487 308 336
Total Preferred & Common Equity		 2,112 2,039 2,025 2,047 2,124 2,334 2,652 520 487 308 336
Total Common Equity		 1,937 1,864 1,850 1,872 1,949 2,159 2,477 520 487 308 336
Common Stock		 5,995 5,988 5,993 5,994 5,993 5,995 5,933 3,986 3,986 3,987 3,986
Retained Earnings		 -4,044 -4,061 -4,086 -4,067 -3,988 -3,780 -3,460 -3,470 -3,503 -3,680 -3,650
Treasury Stock		 -29 -73 -73 -72 -69 -69 -7.10 -9.04 -1.05 -1.05 -0.04

Annual Metrics And Ratios for Site Centers

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 362,129,766.00 366,266,652.00 368,464,703.00 184,675,718.00 193,803,971.00 193,219,781.00 211,217,691.00 - - - 52,462,340.00
DEI Adjusted Shares Outstanding		 45,266,221.00 45,783,332.00 46,058,088.00 46,168,930.00 48,450,993.00 48,304,945.00 52,804,423.00 - - - 52,462,340.00
DEI Earnings Per Adjusted Shares Outstanding		 -1.55 1.34 -5.28 2.51 2.10 0.76 2.38 - - - 3.39
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.68% 27.87% -27.00% 6.63% -41.78% -16.28% 16.90% 3.60% 42.36% -55.34% -52.63%
EBITDA Growth		 -53.49% 303.30% -62.90% 101.18% -43.65% -25.95% 23.53% 40.52% 49.14% 52.69% -67.44%
EBIT Growth		 -267.77% 212.00% -142.23% 307.29% -53.83% -73.12% 116.12% 135.35% 114.04% 101.90% -67.35%
NOPAT Growth		 -180.06% 255.48% -130.42% 393.95% -53.79% -73.76% 120.09% 136.88% 113.39% 103.40% -67.26%
Net Income Growth		 -161.91% 187.04% -497.28% 147.75% -12.30% -64.07% 242.76% 34.59% 57.43% 100.14% -66.56%
EPS Growth		 -208.00% 187.04% -497.28% 129.05% -23.26% -75.76% 537.50% 34.59% 57.43% 101.44% -65.61%
Operating Cash Flow Growth		 3.14% 6.27% -10.91% -35.82% 2.56% -29.61% 48.56% -8.94% -7.28% -53.03% -82.50%
Free Cash Flow Firm Growth		 57.34% 360.94% -18.12% 229.58% -92.24% -109.35% 1,102.02% -70.49% 412.51% 981.23% -81.38%
Invested Capital Growth		 -4.51% -10.03% -12.83% -41.34% -3.25% 1.29% -4.08% 2.14% -0.62% -78.33% -56.38%
Revenue Q/Q Growth		 15.75% 25.56% -26.87% 34.00% -31.32% -3.73% 1.18% -4.91% 25.07% -75.52% 197.09%
EBITDA Q/Q Growth		 1,500.76% 76.90% -65.34% 168.49% -40.02% -20.63% 29.26% 20.10% 58.91% -22.02% 129.08%
EBIT Q/Q Growth		 39.55% 1,144.65% -133.80% 306.81% -62.84% -66.66% 730.11% 63.73% 179.55% -23.53% 235.36%
NOPAT Q/Q Growth		 39.55% 1,550.15% -133.80% 393.26% -62.92% -67.30% 736.67% 63.88% 179.25% -23.34% 240.67%
Net Income Q/Q Growth		 59.93% -49.38% -2,287.42% 140.68% -60.66% -40.91% 92.10% -15.46% 172.50% -27.55% 372.92%
EPS Q/Q Growth		 50.91% -49.38% -2,287.42% 125.00% -71.55% -50.00% 142.86% -15.46% 172.50% -29.15% 479.31%
Operating Cash Flow Q/Q Growth		 6.83% -4.74% -0.36% -13.82% 5.79% -7.98% 0.32% -4.94% -2.17% -40.93% 738.65%
Free Cash Flow Firm Q/Q Growth		 41.76% 181.47% -27.92% 8.99% -70.87% -111.59% 426.95% 260.02% 26.10% 117.08% -72.78%
Invested Capital Q/Q Growth		 -0.68% -6.15% -6.38% -9.23% -0.31% 3.79% -2.39% -3.55% -0.29% -72.29% -35.93%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 19.89% 62.74% 31.89% 60.16% 58.23% 51.51% 54.43% 73.82% 77.34% 264.40% 59.27%
EBIT Margin		 -28.75% 25.18% -14.57% 28.32% 22.46% 7.21% 13.33% 30.29% 45.54% 205.86% 46.40%
Profit (Net Income) Margin		 -8.62% 5.87% -31.94% 14.30% 21.54% 9.25% 27.11% 35.22% 38.95% 174.55% 39.84%
Tax Burden Percent		 30.36% 97.17% 105.38% 99.26% 99.36% 97.00% 98.78% 120.56% 114.83% 101.01% 100.13%
Interest Burden Percent		 98.76% 23.98% 208.01% 50.87% 96.54% 132.20% 205.88% 96.46% 74.48% 83.95% 85.76%
Effective Tax Rate		 0.00% 2.83% 0.00% 0.74% 0.64% 3.00% 1.22% 0.58% 0.88% 0.14% -0.13%
Return on Invested Capital (ROIC)		 -1.86% 3.12% -1.07% 4.26% 2.71% 0.72% 1.60% 3.84% 8.13% 27.26% 35.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.05% -0.90% -5.04% 0.35% 2.51% 1.19% 5.18% 5.29% 5.58% 17.33% 17.04%
Return on Net Nonoperating Assets (RNNOA)		 -0.07% -1.30% -6.84% 0.41% 2.31% 1.15% 4.69% 4.33% 4.32% 12.24% 6.47%
Return on Equity (ROE)		 -1.94% 1.82% -7.92% 4.67% 5.02% 1.86% 6.29% 8.16% 12.45% 39.51% 41.78%
Cash Return on Invested Capital (CROIC)		 2.75% 13.68% 12.64% 56.38% 6.01% -0.57% 5.77% 1.72% 8.75% 156.03% 113.81%
Operating Return on Assets (OROA)		 -2.52% 3.04% -1.44% 4.04% 2.56% 0.70% 1.53% 3.62% 7.66% 25.11% 30.63%
Return on Assets (ROA)		 -0.76% 0.71% -3.16% 2.04% 2.45% 0.89% 3.11% 4.21% 6.56% 21.29% 26.30%
Return on Common Equity (ROCE)		 -1.74% 1.63% -6.77% 3.68% 3.96% 1.55% 5.49% 7.45% 11.41% 36.94% 41.78%
Return on Equity Simple (ROE_SIMPLE)		 -2.03% 1.89% -8.41% 5.61% 5.15% 1.88% 6.16% 8.09% 12.21% 102.92% 53.13%
Net Operating Profit after Tax (NOPAT)		 -164 255 -78 228 105 28 61 144 308 626 207
NOPAT Margin		 -20.13% 24.47% -10.20% 28.11% 22.31% 7.00% 13.17% 30.11% 45.14% 205.56% 46.46%
Net Nonoperating Expense Percent (NNEP)		 -1.81% 4.03% 3.97% 3.91% 0.20% -0.47% -3.57% -1.45% 2.55% 9.93% 18.26%
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% 0.00%
Operating Expenses to Revenue		 128.75% 74.82% 114.57% 71.68% 77.54% 92.79% 86.67% 69.71% 54.46% -105.86% 53.60%
Earnings before Interest and Taxes (EBIT)		 -234 263 -111 230 106 29 62 145 311 627 207
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 162 654 243 488 275 204 252 354 528 806 265
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.06 1.10 0.86 1.06 1.40 1.05 1.61 0.39 0.39 1.55 1.01
Price to Tangible Book Value (P/TBV)		 1.06 1.10 0.86 1.06 1.40 1.05 1.61 0.39 0.39 1.55 1.01
Price to Revenue (P/Rev)		 4.05 3.04 2.67 2.02 4.90 4.30 6.49 1.56 1.13 2.63 0.75
Price to Earnings (P/E)		 0.00 84.27 0.00 20.30 37.76 112.12 28.31 4.74 3.04 1.55 1.89
Dividend Yield		 7.56% 8.78% 13.79% 45.48% 6.70% 2.84% 3.30% 14.80% 18.40% 300.85% 105.14%
Earnings Yield		 0.00% 1.19% 0.00% 4.93% 2.65% 0.89% 3.53% 21.10% 32.91% 64.37% 52.81%
Enterprise Value to Invested Capital (EV/IC)		 1.02 1.03 0.94 1.02 1.17 1.00 1.30 0.69 0.52 1.27 0.66
Enterprise Value to Revenue (EV/Rev)		 10.75 7.66 8.30 4.98 9.46 9.83 10.42 5.45 2.90 3.40 0.53
Enterprise Value to EBITDA (EV/EBITDA)		 54.06 12.20 26.02 8.27 16.24 19.09 19.14 7.39 3.75 1.29 0.89
Enterprise Value to EBIT (EV/EBIT)		 0.00 30.40 0.00 17.58 42.11 136.35 78.14 18.01 6.38 1.65 1.14
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 31.29 0.00 17.71 42.39 140.56 79.11 18.11 6.43 1.65 1.14
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.23 17.33 15.39 15.34 16.55 20.46 17.06 10.16 8.30 9.24 12.04
Enterprise Value to Free Cash Flow (EV/FCFF)		 36.16 7.14 6.90 1.34 19.10 0.00 21.98 40.41 5.97 0.29 0.35
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.48 1.38 1.33 0.91 0.93 0.99 0.82 0.82 0.74 0.58 0.07
Long-Term Debt to Equity		 1.48 1.38 1.33 0.91 0.93 0.99 0.82 0.82 0.74 0.58 0.07
Financial Leverage		 1.43 1.44 1.36 1.15 0.92 0.96 0.91 0.82 0.77 0.71 0.38
Leverage Ratio		 2.56 2.58 2.50 2.29 2.05 2.09 2.03 1.94 1.90 1.86 1.59
Compound Leverage Factor		 2.53 0.62 5.20 1.16 1.98 2.76 4.17 1.87 1.41 1.56 1.36
Debt to Total Capital		 59.74% 58.06% 57.05% 47.62% 48.25% 49.85% 45.09% 44.93% 42.39% 36.84% 6.19%
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% 0.00%
Long-Term Debt to Total Capital		 59.74% 58.06% 57.05% 47.62% 48.25% 49.85% 45.09% 44.93% 42.39% 36.84% 6.19%
Preferred Equity to Total Capital		 4.07% 4.52% 7.78% 13.27% 8.49% 8.38% 4.70% 4.61% 4.63% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.10% 0.11% 0.10% 0.07% 0.08% 0.09% 0.16% 0.15% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 36.09% 37.31% 35.07% 39.04% 43.18% 41.68% 50.05% 50.32% 52.98% 63.16% 93.81%
Debt to EBITDA		 31.68 6.87 15.86 3.86 6.71 9.49 6.66 4.83 3.03 0.37 0.08
Net Debt to EBITDA		 31.48 6.81 15.47 3.83 6.64 9.12 6.49 4.77 1.96 0.29 -0.38
Long-Term Debt to EBITDA		 31.68 6.87 15.86 3.86 6.71 9.49 6.66 4.83 3.03 0.37 0.08
Debt to NOPAT		 -31.31 17.61 -49.58 8.26 17.52 69.86 27.54 11.83 5.20 0.48 0.11
Net Debt to NOPAT		 -31.11 17.46 -48.36 8.20 17.33 67.17 26.83 11.68 3.35 0.37 -0.49
Long-Term Debt to NOPAT		 -31.31 17.61 -49.58 8.26 17.52 69.86 27.54 11.83 5.20 0.48 0.11
Noncontrolling Interest Sharing Ratio		 10.13% 10.68% 14.49% 21.31% 21.11% 16.72% 12.77% 8.74% 8.34% 6.50% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 243 1,118 916 3,018 234 -22 219 65 331 3,584 669
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% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.00 0.00 4.85 21.36 2.76 -0.28 2.87 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 1.79 0.00 2.18 1.86 3.19 2.45 3.70 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 1.79 0.00 2.18 1.86 3.19 2.45 3.70 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.09 0.12 0.10 0.14 0.11 0.10 0.11 0.12 0.17 0.12 0.66
Fixed Asset Turnover		 0.10 0.14 0.11 0.17 0.14 0.11 0.13 0.13 0.22 0.19 0.89
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 8,603 7,740 6,747 3,957 3,829 3,878 3,720 3,800 3,776 818 357
Invested Capital Turnover		 0.09 0.13 0.11 0.15 0.12 0.10 0.12 0.13 0.18 0.13 0.76
Increase / (Decrease) in Invested Capital		 -407 -863 -993 -2,789 -129 50 -158 80 -24 -2,958 -461
Enterprise Value (EV)		 8,771 7,985 6,317 4,041 4,470 3,891 4,819 2,613 1,981 1,035 236
Market Capitalization		 3,306 3,172 2,031 1,642 2,314 1,703 3,004 747 773 802 337
Book Value per Share		 $8.57 $7.88 $6.42 $8.37 $8.53 $8.37 $8.81 $9.00 $9.56 $9.86 $6.38
Tangible Book Value per Share		 $8.57 $7.88 $6.42 $8.37 $8.53 $8.37 $8.81 $9.00 $9.56 $9.86 $6.38
Total Capital		 8,603 7,740 6,747 3,957 3,829 3,878 3,720 3,800 3,776 818 357
Total Debt		 5,140 4,494 3,849 1,884 1,847 1,934 1,677 1,707 1,601 301 22
Total Long-Term Debt		 5,140 4,494 3,849 1,884 1,847 1,934 1,677 1,707 1,601 301 22
Net Debt		 5,107 4,455 3,755 1,871 1,828 1,859 1,634 1,686 1,032 234 -101
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 -94 194 165 112 3.64 -8.91 -64 -24 42 94 30
Net Nonoperating Obligations (NNO)		 5,140 4,494 3,849 1,884 1,847 1,934 1,677 1,707 1,601 301 22
Total Depreciation and Amortization (D&A)		 397 392 354 258 169 175 190 209 217 178 57
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.16) $0.80 ($5.92) $1.72 $1.32 $0.32 $2.04 $2.96 $4.84 $9.81 $3.36
Adjusted Weighted Average Basic Shares Outstanding		 45.66M 45.82M 46.14M 45.11M 48.46M 48.34M 52.81M 52.59M 52.34M 52.43M 52.46M
Adjusted Diluted Earnings per Share		 ($2.16) $0.80 ($5.92) $1.72 $1.32 $0.32 $2.04 $2.92 $4.84 $9.77 $3.36
Adjusted Weighted Average Diluted Shares Outstanding		 45.66M 45.82M 46.14M 45.11M 48.46M 48.34M 52.81M 52.59M 52.34M 52.43M 52.46M
Adjusted Basic & Diluted Earnings per Share		 ($2.16) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 45.66M 45.82M 46.14M 45.11M 48.46M 48.34M 52.81M 52.59M 52.34M 52.43M 52.46M
Normalized Net Operating Profit after Tax (NOPAT)		 136 508 259 401 180 99 144 228 382 748 242
Normalized NOPAT Margin		 16.64% 48.72% 34.08% 49.44% 38.02% 25.14% 31.11% 47.63% 55.97% 245.54% 54.23%
Pre Tax Income Margin		 -28.40% 6.04% -30.31% 14.41% 21.68% 9.53% 27.45% 29.22% 33.92% 172.82% 39.79%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.97 0.00 -0.59 1.63 1.25 0.37 0.81 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -0.68 0.00 -0.41 1.62 1.24 0.36 0.80 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -0.97 0.00 -0.59 1.63 1.25 0.37 0.81 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -0.68 0.00 -0.41 1.62 1.24 0.36 0.80 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -377.30% 480.24% -125.78% 242.31% 177.46% 268.78% 79.37% 71.10% 45.36% 24.08% 200.01%
Augmented Payout Ratio		 -377.30% 480.24% -125.78% 273.61% 191.28% 295.91% 79.37% 96.14% 55.37% 24.08% 200.01%

Quarterly Metrics And Ratios for Site Centers

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 52,430,425.00 52,444,898.00 52,444,898.00 52,462,340.00 52,462,340.00
DEI Adjusted Shares Outstanding		 - - - - - - 52,430,425.00 52,444,898.00 52,444,898.00 52,462,340.00 52,462,340.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.06 0.89 -0.12 2.56 0.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 20.79% 195.67% 35.41% 189.31% 168.99% -347.38% -54.74% -89.62% -93.57% 371.74% -58.62%
EBITDA Growth		 33.15% 117.69% -27.57% 389.17% 274.67% -102.92% -24.53% -77.98% -97.40% 733.61% -70.51%
EBIT Growth		 71.94% 205.26% -73.00% 14,390.87% 462.96% -109.58% 168.52% -79.17% -100.03% 2,470.21% -80.01%
NOPAT Growth		 71.78% 332.75% -80.84% 15,286.68% 465.34% -106.43% 193.37% -79.23% -100.02% 3,592.16% -73.99%
Net Income Growth		 -26.54% 596.17% -253.91% 4,350.68% 563.94% -102.96% 113.10% -80.48% -101.91% 2,409.00% -69.59%
EPS Growth		 -26.54% 596.17% -316.67% 11,000.00% 597.70% -127.17% 111.76% -80.22% -102.14% 1,124.00% -66.67%
Operating Cash Flow Growth		 -11.08% -10.22% -5.25% -21.43% -43.67% -167.02% -85.68% -74.12% -85.99% 72.81% -175.26%
Free Cash Flow Firm Growth		 353.39% 1,010.03% 7,516.82% 59.28% 452.43% 1,079.83% 2,115.53% 1,253.77% 96.77% -79.55% -82.28%
Invested Capital Growth		 -3.87% -0.62% -3.61% 0.73% -22.03% -78.33% -76.86% -79.86% -81.14% -56.38% -58.76%
Revenue Q/Q Growth		 49.99% 53.69% -44.91% 110.50% 39.45% -241.35% -39.06% -20.45% -16.62% 1,095.07% -94.65%
EBITDA Q/Q Growth		 101.59% 122.38% -80.06% 527.47% 54.41% -101.73% 21.26% 190.11% -82.66% 1,266.76% -95.71%
EBIT Q/Q Growth		 3,955.29% 224.28% -98.44% 8,275.19% 57.55% -105.52% 70.03% 467.03% -100.22% 118,945.45% -98.68%
NOPAT Q/Q Growth		 4,208.62% 223.36% -98.90% 11,799.49% 58.31% -103.68% 131.70% 492.14% -100.16% 170,824.09% -98.37%
Net Income Q/Q Growth		 808.69% 303.82% -111.99% 1,111.57% 35.56% -101.80% 152.99% 1,407.42% -113.24% 2,283.01% -99.30%
EPS Q/Q Growth		 808.69% 303.82% -114.13% 953.85% 446.85% -104.12% 124.00% 1,366.67% -114.77% 2,069.23% -99.22%
Operating Cash Flow Q/Q Growth		 -22.90% -28.76% -14.05% 66.43% -44.72% -184.76% 118.37% 200.72% -70.07% -264.45% 49.16%
Free Cash Flow Firm Q/Q Growth		 59.81% 12.14% -25.82% 58.15% 454.29% 139.49% -3.97% 9.91% -23.37% -74.71% -16.79%
Invested Capital Q/Q Growth		 -0.87% -0.29% -2.96% 4.30% -23.26% -72.29% 4.37% -9.22% -28.14% -35.93% -1.34%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 70.55% 102.08% 29.77% 88.75% 98.27% 0.00% 53.30% 199.05% 41.39% 47.33% 37.99%
EBIT Margin		 39.93% 84.25% 1.86% 73.97% 83.57% 0.00% 21.61% 157.76% -0.42% 42.21% 10.44%
Profit (Net Income) Margin		 27.67% 72.70% -14.62% 70.26% 68.29% 0.00% 7.01% 136.01% -21.60% 39.45% 5.15%
Tax Burden Percent		 99.52% 121.79% 101.08% 99.88% 99.94% 49.12% 95.39% 99.62% 103.18% 100.56% 124.07%
Interest Burden Percent		 69.63% 70.85% -777.96% 95.09% 81.77% 54.35% 34.00% 86.54% 4,932.23% 92.96% 39.75%
Effective Tax Rate		 0.48% 0.77% 0.00% 0.12% 0.06% 0.00% 4.61% 0.38% 0.00% -0.56% -24.07%
Return on Invested Capital (ROIC)		 5.61% 15.06% 0.25% 18.18% 30.84% 0.00% 8.07% 0.00% 0.00% 32.25% 9.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.42% 13.27% -1.28% 17.50% 23.79% 0.00% 7.44% 0.00% 0.00% 25.96% 8.23%
Return on Net Nonoperating Assets (RNNOA)		 3.78% 10.29% -1.03% 13.28% 10.33% 0.00% 5.35% 0.00% 0.00% 9.86% 3.37%
Return on Equity (ROE)		 9.39% 25.34% -0.78% 31.46% 41.17% 0.00% 13.42% 26.00% 2.54% 42.11% 12.41%
Cash Return on Invested Capital (CROIC)		 6.80% 8.75% 10.16% 12.11% 49.00% 156.03% 153.75% 152.18% 139.99% 113.81% 116.41%
Operating Return on Assets (OROA)		 5.30% 14.18% 0.34% 17.29% 29.08% 0.00% 7.97% 0.00% 0.00% 27.86% 6.60%
Return on Assets (ROA)		 3.67% 12.24% -2.67% 16.42% 23.76% 0.00% 2.58% 0.00% 0.00% 26.05% 3.25%
Return on Common Equity (ROCE)		 8.59% 23.23% -0.71% 28.94% 38.11% 0.00% 12.53% 24.39% 2.39% 42.11% 12.41%
Return on Equity Simple (ROE_SIMPLE)		 4.76% 0.00% 10.68% 19.70% 27.68% 0.00% 107.48% 75.35% 12.20% 0.00% 52.30%
Net Operating Profit after Tax (NOPAT)		 70 226 2.10 249 395 -15 9.07 54 -0.08 145 2.36
NOPAT Margin		 39.74% 83.60% 1.30% 73.57% 83.51% 0.00% 20.62% 157.16% -0.30% 42.44% 12.96%
Net Nonoperating Expense Percent (NNEP)		 1.19% 1.78% 1.53% 0.68% 7.05% -0.91% 0.63% 0.80% 2.21% 6.29% 0.81%
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% 0.00%
Operating Expenses to Revenue		 60.07% 15.75% 98.14% 26.03% 16.43% 0.00% 78.39% -57.76% 100.42% 57.80% 89.56%
Earnings before Interest and Taxes (EBIT)		 70 228 3.00 251 395 -22 9.51 54 -0.12 144 1.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 124 276 48 301 465 -8.06 23 68 12 161 6.92
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.37 0.39 1.56 1.41 0.35 1.55 0.64 1.22 1.35 1.01 0.84
Price to Tangible Book Value (P/TBV)		 0.37 0.39 1.56 1.41 0.35 1.55 0.64 1.22 1.35 1.01 0.84
Price to Revenue (P/Rev)		 1.26 1.13 4.19 3.21 0.70 2.63 0.37 0.00 0.00 0.75 0.67
Price to Earnings (P/E)		 7.93 3.04 14.09 6.77 1.21 1.55 0.61 1.66 13.79 1.89 1.61
Dividend Yield		 15.89% 18.40% 4.68% 4.69% 0.00% 300.85% 724.10% 400.53% 611.86% 105.14% 125.00%
Earnings Yield		 12.61% 32.91% 7.10% 14.76% 82.63% 64.37% 163.76% 60.10% 7.25% 52.81% 62.02%
Enterprise Value to Invested Capital (EV/IC)		 0.67 0.52 1.14 0.92 0.09 1.27 0.70 0.93 0.95 0.66 0.29
Enterprise Value to Revenue (EV/Rev)		 4.65 2.90 5.82 3.74 0.21 3.40 0.67 0.00 0.00 0.53 0.24
Enterprise Value to EBITDA (EV/EBITDA)		 7.64 3.75 9.32 5.12 0.26 1.29 0.74 1.29 4.56 0.89 0.41
Enterprise Value to EBIT (EV/EBIT)		 22.83 6.38 17.15 7.15 0.33 1.65 0.91 1.61 8.52 1.14 0.51
Enterprise Value to NOPAT (EV/NOPAT)		 23.00 6.43 17.31 7.20 0.33 1.65 0.91 1.62 8.65 1.14 0.51
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.40 8.30 17.87 16.23 1.41 9.24 7.68 25.20 0.00 12.04 10.58
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.65 5.97 11.05 7.63 0.16 0.29 0.17 0.20 0.21 0.35 0.14
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.85 0.74 0.74 0.65 0.11 0.58 0.64 0.59 0.81 0.07 0.05
Long-Term Debt to Equity		 0.85 0.74 0.74 0.65 0.11 0.58 0.64 0.59 0.81 0.07 0.05
Financial Leverage		 0.86 0.77 0.80 0.76 0.43 0.71 0.72 0.64 0.19 0.38 0.41
Leverage Ratio		 1.97 1.90 1.91 1.86 1.52 1.86 1.82 1.77 1.28 1.59 1.56
Compound Leverage Factor		 1.37 1.35 -14.83 1.77 1.24 1.01 0.62 1.54 63.00 1.48 0.62
Debt to Total Capital		 45.95% 42.39% 42.43% 39.34% 10.19% 36.84% 39.14% 37.21% 44.65% 6.19% 4.58%
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% 0.00%
Long-Term Debt to Total Capital		 45.95% 42.39% 42.43% 39.34% 10.19% 36.84% 39.14% 37.21% 44.65% 6.19% 4.58%
Preferred Equity to Total Capital		 4.62% 4.63% 4.74% 4.55% 5.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 49.43% 52.98% 52.83% 56.11% 83.88% 63.16% 60.86% 62.79% 55.35% 93.81% 95.42%
Debt to EBITDA		 5.24 3.03 3.46 2.19 0.29 0.37 0.42 0.52 2.15 0.08 0.07
Net Debt to EBITDA		 5.05 1.96 2.23 0.47 -0.76 0.29 0.33 0.23 0.96 -0.38 -0.73
Long-Term Debt to EBITDA		 5.24 3.03 3.46 2.19 0.29 0.37 0.42 0.52 2.15 0.08 0.07
Debt to NOPAT		 15.78 5.20 6.42 3.08 0.37 0.48 0.51 0.65 4.09 0.11 0.08
Net Debt to NOPAT		 15.21 3.35 4.13 0.67 -0.96 0.37 0.40 0.28 1.81 -0.49 -0.91
Long-Term Debt to NOPAT		 15.78 5.20 6.42 3.08 0.37 0.48 0.51 0.65 4.09 0.11 0.08
Noncontrolling Interest Sharing Ratio		 8.54% 8.34% 8.53% 8.03% 7.45% 0.00% 6.62% 6.20% 5.91% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 222 249 140 222 1,229 2,943 2,844 3,126 2,396 606 504
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% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 12.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 3.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 3.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.13 0.17 0.18 0.23 0.35 0.12 0.37 0.00 0.00 0.66 0.63
Fixed Asset Turnover		 0.14 0.22 0.21 0.29 0.45 0.19 0.46 0.00 0.00 0.89 0.92
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,787 3,776 3,689 3,848 2,953 818 854 775 557 357 352
Invested Capital Turnover		 0.14 0.18 0.19 0.25 0.37 0.13 0.39 0.00 0.00 0.76 0.70
Increase / (Decrease) in Invested Capital		 -153 -24 -138 28 -834 -2,958 -2,835 -3,073 -2,396 -461 -502
Enterprise Value (EV)		 2,537 1,981 4,223 3,541 267 1,035 598 719 527 236 101
Market Capitalization		 685 773 3,039 3,038 875 802 333 593 416 337 283
Book Value per Share		 $8.94 $9.56 $9.30 $10.30 $11.82 $9.86 $9.91 $9.28 $5.88 $6.38 $6.40
Tangible Book Value per Share		 $8.94 $9.56 $9.30 $10.30 $11.82 $9.86 $9.91 $9.28 $5.88 $6.38 $6.40
Total Capital		 3,787 3,776 3,689 3,848 2,953 818 854 775 557 357 352
Total Debt		 1,740 1,601 1,565 1,514 301 301 334 288 249 22 16
Total Long-Term Debt		 1,740 1,601 1,565 1,514 301 301 334 288 249 22 16
Net Debt		 1,677 1,032 1,009 328 -783 234 265 126 110 -101 -182
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 21 29 26 11 72 -8.69 5.99 7.23 6.07 10 1.42
Net Nonoperating Obligations (NNO)		 1,740 1,601 1,565 1,514 301 301 334 288 249 22 16
Total Depreciation and Amortization (D&A)		 54 48 45 50 70 14 14 14 12 17 5.02
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.88 $3.68 ($0.52) $4.48 $6.09 ($0.25) $0.06 $0.88 ($0.13) $2.56 $0.02
Adjusted Weighted Average Basic Shares Outstanding		 52.33M 52.34M 52.39M 52.39M 52.43M 52.43M 52.44M 52.44M 52.46M 52.46M 52.47M
Adjusted Diluted Earnings per Share		 $0.88 $3.68 ($0.52) $4.44 $6.07 ($0.25) $0.06 $0.88 ($0.13) $2.56 $0.02
Adjusted Weighted Average Diluted Shares Outstanding		 52.33M 52.34M 52.39M 52.39M 52.43M 52.43M 52.44M 52.44M 52.46M 52.46M 52.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $3.68 $0.00 $0.00 $0.00 ($0.25) $0.00 $0.00 $0.00 $2.56 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 52.33M 52.34M 52.39M 52.39M 52.43M 52.43M 52.44M 52.44M 52.46M 52.46M 52.47M
Normalized Net Operating Profit after Tax (NOPAT)		 91 234 63 268 411 -15 16 60 78 110 1.86
Normalized NOPAT Margin		 51.62% 86.52% 39.17% 79.16% 86.93% 0.00% 36.08% 175.97% 274.87% 32.22% 10.21%
Pre Tax Income Margin		 27.80% 59.69% -14.46% 70.34% 68.33% 0.00% 7.35% 136.53% -20.93% 39.24% 4.15%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 13.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 13.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 13.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 13.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 124.03% 45.36% 67.84% 33.49% 20.99% 24.08% 0.00% 9.33% 676.42% 200.01% 0.00%
Augmented Payout Ratio		 168.12% 55.37% 67.84% 33.49% 20.99% 24.08% 0.00% 9.33% 676.42% 200.01% -0.03%

Financials Breakdown Chart

Key Financial Trends

Site Centers (NYSE:SITC) showed a sharp rebound in Q1 2026 profitability and cash generation versus the weak 2025 periods, but the quarter still came with a meaningful operating cash burn and a large impairment charge. The company posted net income of $0.9 million in Q1 2026, compared with a $6.2 million loss in Q3 2025 and a much stronger $134.4 million in Q4 2025 that was driven by investment gains. Revenue in Q1 2026 was $18.2 million, down sharply from recent quarters, while expenses remained elevated because of $17.5 million of impairment charges and other operating costs.

Cash flow and balance-sheet trends are mixed. Q1 2026 produced a $75.3 million increase in cash and equivalents, helped by $79.6 million of investing cash inflows, largely from sales and maturities of investments. However, operating cash flow was negative $4.3 million, which suggests the underlying business is not yet consistently generating cash from operations. On the balance sheet, cash and equivalents rose to $193.5 million from $128.2 million in Q3 2025, while total liabilities fell to $66.0 million from $345.7 million, but total equity also remains well below last year’s levels.

  • Q1 2026 returned to profitability with net income of $0.9 million, a clear improvement from the Q3 2025 loss.
  • Cash increased materially in Q1 2026, with cash and equivalents rising to $193.5 million.
  • Investing activities generated strong inflows of $79.6 million, mainly from sales and maturities of investments.
  • Long-term debt was low at quarter-end at $16.1 million in Q1 2026, down from much higher levels in prior periods.
  • Total liabilities declined sharply versus Q3 2025, reflecting a lighter balance-sheet burden.
  • Revenue remained modest at $18.2 million in Q1 2026, well below the larger figures seen in 2024 and 2025.
  • Depreciation and non-cash items remain meaningful, which is typical for a real estate company but complicates profit quality.
  • Share count was stable at 52.5 million weighted average shares, so EPS movement was driven mostly by earnings swings rather than dilution.
  • Operating cash flow was negative at $4.3 million in Q1 2026, showing the core business is still under pressure.
  • Impairment charges were large at $17.5 million in Q1 2026, indicating continued asset-quality or valuation stress.

Looking at the multi-year pattern, SITE Centers has been highly volatile. In 2024, the company benefited from large investment-related gains, with several quarters showing very strong reported earnings and cash from investing activity. But that strength did not carry cleanly into 2025 and 2026. The more recent quarters show lower revenue, weaker operating cash flow, and recurring special charges, suggesting the company is still working through portfolio and balance-sheet adjustments.

Bottom line: SITC’s latest quarter shows improved profitability and stronger liquidity, but the business still relies heavily on investment-related cash flows and remains vulnerable to impairments and inconsistent operating cash generation. Retail investors may view the stock as a turnaround-with-asset-management story rather than a steady operating growth name.

07/05/26 03:17 PM ETAI Generated. May Contain Errors.

Site Centers Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Site Centers' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Site Centers' net income appears to be on an upward trend, with a most recent value of $177.86 million in 2025, falling from -$70.31 million in 2015. The previous period was $531.82 million in 2024. See Site Centers' forecast for analyst expectations on what's next for the company.

Over the last 10 years, Site Centers' total revenue changed from $815.56 million in 2015 to $446.41 million in 2025, a change of -45.3%.

Site Centers' total liabilities were at $83.97 million at the end of 2025, a 79.9% decrease from 2024, and a 98.5% decrease since 2015.

In the past 10 years, Site Centers' cash and equivalents has ranged from $11.09 million in 2018 to $551.40 million in 2023, and is currently $119.03 million as of their latest financial filing in 2025.

Over the last 10 years, Site Centers' book value per share changed from 8.57 in 2015 to 6.38 in 2025, a change of -25.6%.


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Financial statements for NYSE:SITC last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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