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SITE Centers Corp. 10-Q Filings

SITC NYSE

Every 10-Q that SITE Centers Corp. (SITC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow SITC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SITC filings page.

Rhea-AI Summary

SITE Centers Corp. reported a small net loss as it continues to liquidate its retail portfolio and prepare for an eventual wind‑up. For the six months ended June 30, 2026, total revenues were $23.7 million versus $76.1 million a year earlier, with net (loss) income of $(0.4) million versus $49.6 million, and FFO of $(5.7) million versus $23.0 million. Results reflected $18.5 million of impairment charges and sharply lower rental income from extensive property sales, partly offset by a $20.0 million gain on the sale of joint‑venture interests and higher interest income.

The company sold five wholly‑owned centers and a land parcel through July 31, 2026 for $147.0 million, eliminated all consolidated debt, and ended the quarter with $238.9 million of unrestricted cash and no revolver. A special dividend of $1.00 per share ($52.7 million) was paid July 31. SITE Centers is also pursuing monetization of its 20% DTP joint‑venture stake via a buy‑sell notice that could either yield about $32.4 million in proceeds or require buying its partner’s 80% interest for about $129.6 million by October 15, 2026, while maintaining elevated cash to support these options and future wind‑down costs.

Rhea-AI Summary

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.

Rhea-AI Summary

SITE Centers (SITC) reported Q3 2025 results marked by portfolio repositioning and lower scale after the 2024 Curbline spin-off and significant asset sales. Revenue was $27.1 million versus $61.0 million a year ago. The quarter showed a net loss attributable to common shareholders of $6.2 million, or $0.13 per diluted share, driven by $106.6 million of impairment charges tied to changes in hold period assumptions, partially offset by $108.4 million of gains on real estate dispositions.

For the nine months, revenue was $103.2 million and net income attributable to common shareholders was $43.4 million, or $0.80 per diluted share, reflecting $162.7 million of gains on dispositions and lower interest expense as debt was reduced. Cash and cash equivalents rose to $128.2 million, while total debt declined to $248.7 million. The company sold four centers in Q3 for $277.2 million in gross proceeds and declared special cash dividends of $3.25 per share in the quarter (and $4.75 year-to-date), with an additional $1.00 announced on October 21, 2025. Portfolio occupancy was 86.7% at September 30, 2025 as the smaller portfolio and tenant changes reset the operating base.