SITE Centers Corp. filings document the public-company disclosures of a REIT that owns and manages open-air shopping centers. Its 8-K reports include quarterly financial supplements with property information, portfolio summaries, capital structure and debt detail, leasing summaries, lease expirations, tenant concentration, transaction activity, unconsolidated joint ventures, property lists and non-GAAP measures such as net operating income.
The company's filings also record completed asset dispositions, repayment or termination of financing arrangements, officer compensation agreements and annual proxy matters. Proxy disclosures cover director elections, governance amendments, quorum provisions, executive compensation and shareholder voting items.
SITE Centers Corp. reported sharply lower first-quarter 2026 results as it continues an orderly wind-down of its retail portfolio. Total revenues fell to $13.0 million from $42.6 million a year earlier, reflecting extensive property dispositions and lower rental income.
The company recorded $17.5 million of impairment charges tied to assets marketed for sale but offset this with a $20.0 million gain on sale of joint venture interests and $4.0 million of gains on property sales, resulting in net income of $0.9 million or $0.02 per diluted share. FFO turned negative at $(1.2) million and Operating FFO at $(1.9) million, highlighting weaker core cash performance.
SITE Centers ended the quarter with $193.5 million in unrestricted cash and no consolidated debt, while its unconsolidated joint ventures carried $380.6 million of mortgage debt. Management plans to keep elevated cash balances, sell remaining wholly owned centers and ultimately monetize its 20% interest in the Dividend Trust Portfolio joint venture as it prepares for an eventual wind-up of operations.
SITE Centers Corp. reported sharply lower results for the first quarter of 2026 as it continues to shrink its shopping center portfolio. Net income was $0.9 million, or $0.02 per diluted share, down from $3.1 million, or $0.06 per share, a year earlier, reflecting impairment charges and reduced Net Operating Income after property sales, partly offset by gains on joint venture and real estate dispositions.
Operating funds from operations turned to a loss of $1.9 million, or $0.04 per diluted share, compared with income of $8.3 million, or $0.16 per share, in the prior-year quarter. During 2026 year-to-date the company sold three properties for $85.6 million and its interest in the Deer Park joint venture for $20.8 million, and held $193.5 million of unrestricted cash as of March 31, 2026. Portfolio metrics weakened, with the pro rata leased rate at 85.9% versus 89.8% a year earlier, and only 17,906 square feet leased through one new lease and eight renewals in the quarter.
SITE Centers Corp. is asking shareholders to approve several key governance and compensation items at its 2026 virtual annual meeting. Holders of record on March 16, 2026 may vote on five director nominees, an advisory say‑on‑pay resolution, and ratification of PricewaterhouseCoopers LLP.
The company highlights a disposition strategy: in 2025 it sold 14 wholly owned properties for about $752.5 million, repaid roughly $306.8 million of consolidated mortgage debt, and returned about $355.7 million ($6.75 per share) via special dividends. As of March 30, 2026, it owned six wholly owned shopping centers, a 20% interest in a joint venture holding ten centers, and its Ohio headquarters, and it is marketing most remaining properties for sale.
The board is seeking to extend director terms to three years and to replace the majority voting‑power quorum requirement with a lower Ohio default standard, citing the expected wind‑down of operations, a planned future certificate of dissolution, and likely delisting from the NYSE as the portfolio and market capitalization shrink. Executive pay in 2025 focused on cash: the CEO and CIO received no compensation from the company, while the CFO and General Counsel earned base salaries of $500,000 and $450,000 and maximum annual incentives of $300,000 and $675,000, respectively.
SITE Centers Corp received an amended Schedule 13G/A from The Vanguard Group reporting 0 shares beneficially owned and 0% of the class. The filing explains an internal realignment effective January 12, 2026, causing certain Vanguard subsidiaries/divisions to report disaggregated holdings under SEC Release No. 34-39538.
The filing is signed by Ashley Grim, Head of Global Fund Administration, and states Vanguard and related investment vehicles retain the right to receive dividends or sale proceeds where applicable.
SITE Centers Corp. Schedule 13G: Gumshoe-affiliated filers report beneficial ownership of 2,672,797 shares of common stock, representing 5.1% of the class. The filing lists Gumshoe Master Fund LP, Gumshoe Capital Management LLC, Gumshoe Capital GP LLC and Eric Wolff each with 2,672,797 shares, and states the ownership is reported as of the date of filing.
The filing also states these securities are directly owned by advisory clients of Gumshoe Capital Management LLC, and identifies Exhibit A (Joint Filing Agreement) and Exhibit B (Control Person Identification).
SITE Centers Corp. is preparing for its virtual 2026 Annual Meeting on May 13, 2026, with record holders of common shares as of March 16, 2026 entitled to vote. The Board is asking shareholders to elect five directors and vote on amendments to the Company’s Code of Regulations to extend director terms to three years and replace the majority voting power quorum with Ohio’s default quorum standard. Additional proposals include an advisory Say-on-Pay vote and ratification of PricewaterhouseCoopers LLP as auditor. The Proxy highlights 2025 portfolio activity: the sale of 14 wholly-owned properties for approximately $752.5 million, repayment of approximately $306.8 million of mortgage debt, and $355.7 million returned to shareholders ($6.75 per share) via special dividends. In December 2025 the Company announced it would market its remaining properties; as of March 10, 2026 it reported additional 2026 sales totaling approximately $95.3 million, and currently holds six wholly-owned shopping centers, a 20% interest in a joint venture owning ten centers, and its corporate headquarters.
SITE Centers Corp. reported that Cohen & Steers and related entities beneficially own 1,860,224 shares of common stock, representing 3.55% of the class. The filing lists 193,570 shares as sole voting power and 1,860,224 shares as sole dispositive power. The statement clarifies these securities are held for the benefit of clients of the various Cohen & Steers affiliates.
SITE Centers Corp. reports that a subsidiary has completed the sale of its interests in the 3030 North Broadway property in Chicago, Illinois. The buyer, L3 3030 Broadway LLC, paid $50.1 million in cash, with the price subject to customary closing prorations, allocations and credits.
SITE Centers Corp. executive vice president and general counsel Aaron Kitlowski reported a tax-related share disposition. On February 28, 2026, he disposed of 3,916 common shares of SITE Centers at $6.16 per share to cover tax withholding obligations. After this transaction, he directly held 109,182 common shares of the company.