SITC
SITE Centers Corp.6.31
-0.06-0.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
331.92MP/E (TTM)
11.69Basic EPS (TTM)
0.54Dividend Yield
0%Recent Filings
8-K
Sells Chicago property for $50.1M
8-K
Q4 profit surges on sales
SITE Centers reported Q4 net income of $134.4M ($2.55/share) on February 26, driven by $157.1M gain from selling eight properties for $380M aggregate. Full-year 2025 sales hit $752.5M across 14 assets; paid $6.75/share dividends; cleared all consolidated mortgage debt, holding $119M cash. All remaining retail assets are marketed for sale. Leased rate slipped to 87.8%.
10-K
FY2025 results
SITE Centers slashed its portfolio to 19 centers (5.0M sq ft pro rata GLA) by year-end 2025, down from 33 in 2024, with occupancy slipping to 85.9% from 90.6% yet average base rent per sq ft climbing to $22.61 from $19.64 amid dispositions. Sold 14 wholly-owned centers for $752.5M, recognizing $319.8M gain, while impairment charges hit $114.1M on hold-period shifts. Q4 momentum cooled with ongoing sales and $21.3M Curbline redevelopment tab; Operating FFO cratered to $25.2M from $166.7M on net dispositions. Debt-free with $119M cash, it paid $6.75/share special dividends. DTP JV stalls sales.
8-K
Repaid $64M loan in full
8-K
Boosts exec severance
SITE Centers amended employment agreements for CFO Gerald R. Morgan and General Counsel Aaron M. Kitlowski on December 4, 2025, to boost retention amid marketing its remaining properties for sale. Double-trigger severance post-Change in Control jumps to 2.5x (base salary + 3-year average bonus), up from their prior $600,000 and $1.5 million fixed amounts. Retention sharpened.
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