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SITE Centers Corp. 8-K Filings

SITC NYSE

Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 second-quarter 2026 net loss of $1.3 million, or a loss of $0.03 per diluted share, compared with net income of $46.5 million, or $0.88 per diluted share, a year earlier. The change was driven mainly by lower gains on real estate dispositions, higher impairment charges and lower net operating income from properties sold, partly offset by higher interest income and lower interest expense and depreciation.

Operating funds from operations turned to a loss of $4.6 million, or $0.09 per diluted share, versus income of $8.3 million, or $0.16 per diluted share, in the prior-year quarter. On a pro rata basis, the leased rate declined to 82.5% at June 30, 2026 from 88.1% at June 30, 2025, primarily reflecting transactional activity and the mix of remaining assets.

Year to date, SITE Centers sold five properties, a land parcel and a joint venture interest for aggregate gross sales prices of approximately $167.8 million and held $238.9 million of unrestricted cash at quarter-end. A $1.00 per share special dividend was paid on July 31, 2026. Following a June 29, 2026 buy-sell notice under the DTP joint venture, the partner must by August 31, 2026 elect either to purchase SITE Centers’ 20% interest for about $32.4 million or sell its 80% interest for about $129.6 million, with closing targeted by October 15, 2026, although the partner’s compliance is not assured.

Rhea-AI Summary

SITE Centers Corp. completed the sale of its ground leasehold and other interests in The Pike Outlets in Long Beach, California to Pike Long Beach Owner LLC for $50.0 million in cash.

The transaction closed on June 30, 2026, generating approximately $46.5 million in net proceeds for a SITE Centers subsidiary under a Purchase Agreement dated May 1, 2026.

Rhea-AI Summary

SITE Centers Corp., through a subsidiary, has agreed to sell its ground leasehold and related interests in The Pike Outlets in Long Beach, California for approximately $50.0 million in cash. Estimated net proceeds after prorations and other adjustments are about $46.0 million.

The buyer has posted a $1.5 million deposit that is generally nonrefundable and will be applied to the purchase price at closing. The sale remains subject to conditions including City of Long Beach consent, tenant estoppel letters, accurate representations, and no major casualty or condemnation, with closing expected by the end of the third quarter of 2026.

Rhea-AI Summary

SITE Centers Corp. reported the results of its annual shareholder meeting held on May 13, 2026. Shareholders elected five directors, each for a three-year term, with support levels generally above 40.8 million votes in favor for each nominee and broker non-votes of 5,254,800 on each director item.

Shareholders approved an amendment to the Amended and Restated Code of Regulations to increase director terms to three years by 40,611,805 votes for and 1,811,507 against. They also approved another amendment replacing the existing majority voting power quorum requirement, with 42,317,872 votes for and 116,239 against.

In an advisory vote, shareholders approved the compensation of the company’s named executive officers, with 42,228,847 votes for and 188,058 against. They also ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, by 47,247,454 votes for and 440,953 against.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

SITE Centers Corp. reported a sharp swing to profitability in Q4 2025 driven by large property sales and debt reduction as it continues repositioning after the Curbline spin-off.

Fourth quarter net income attributable to common shareholders was $134.4 million, or $2.55 per diluted share, versus a net loss of $13.2 million, or $0.25 per diluted share, a year earlier, mainly from higher gains on dispositions, lower interest expense and no preferred dividends.

Operating FFO, which strips out non-core items, fell to $2.9 million, or $0.05 per diluted share, from $8.3 million, or $0.16, reflecting reduced NOI from sold properties. In 2025 the company sold 14 properties for $752.5 million, paid off all consolidated mortgage debt, and declared dividends totaling $6.75 per share, including $2.00 per share in special distributions for the quarter. At December 31, 2025, the leased rate was 87.8% pro rata, down from 91.1% a year earlier, and SITE Centers held $119.0 million of unrestricted cash while all remaining wholly owned retail assets are being marketed for sale to maximize shareholder value.

Rhea-AI Summary

SITE Centers Corp. disclosed that it has repaid in full all amounts outstanding under a loan agreement with affiliates of Atlas SP Partners, L.P. and Athene Annuity and Life Company. On December 18, 2025, the company paid off approximately $64.0 million of principal, terminating this material definitive financing arrangement entered into on August 7, 2024. The repayment removes this specific debt obligation from the company’s capital structure.

Rhea-AI Summary

SITE Centers Corp. amended employment agreements for its Chief Financial Officer, Gerald R. Morgan, and its General Counsel, Aaron M. Kitlowski. The company states these changes are meant to further incentivize and retain these key officers as it works to market its remaining wholly owned properties for sale and monetize its remaining joint venture investments.

Previously, in a qualifying double-trigger termination after a Change in Control, Morgan and Kitlowski were eligible for cash severance of $600,000 and $1.5 million, respectively. Under the new amendments, each officer’s potential cash severance becomes 2.5 times the sum of their annual base salary rate and their three-year average annual cash incentive or bonus payout, subject to the detailed terms in the amendments. The documents also incorporate conforming and clarifying changes to the existing agreements.

Rhea-AI Summary

SITE Centers Corp. completed two previously announced property sales on November 21, 2025. Subsidiaries sold interests in East Hanover Plaza, Southmont Plaza and Stow Community Center to affiliates of Haverford Retail Partners for $126.0 million in cash, and used approximately $38.2 million of the proceeds to repay mortgage indebtedness. The company also sold its interest in Nassau Park Pavilion to B33 Nassau Park Pavilion III LLC for approximately $137.6 million in cash, applying approximately $98.4 million to fully repay a mortgage loan secured by that property and paying a related make-whole premium of approximately $7.0 million.

Rhea-AI Summary

SITE Centers Corp. furnished a quarterly financial supplement for the quarter ended September 30, 2025. The package includes a news release with the company’s financial results and detailed property information, provided as Exhibit 99.1.

The information is furnished under Item 2.02 and is not deemed “filed” under Section 18 of the Exchange Act, nor incorporated into Securities Act or Exchange Act filings unless specifically referenced.

Rhea-AI Summary

SITE Centers Corp. has agreed to sell its interest in the Nassau Park Pavilion shopping center in Princeton, New Jersey for approximately $137.6 million in cash under a Purchase and Sale Agreement dated September 18, 2025. The property is encumbered by a mortgage loan with an outstanding principal balance of about $98.5 million, and the company expects to pay an estimated $7.6 million make-whole premium when it repays this loan at closing based on current interest rates.

The buyer has posted a nonrefundable deposit of roughly $6.9 million, except in limited circumstances defined in the agreement, which will be credited against the purchase price at closing. The closing is expected in the fourth quarter of 2025 and remains subject to customary conditions, including tenant estoppel letters, accurate representations by the seller in all material respects, and the absence of certain casualty or condemnation events.

Rhea-AI Summary

SITE Centers Corp. has advanced a planned sale of three shopping centers after the general due diligence period expired under a Portfolio Purchase Agreement with affiliates of Haverford Retail Partners. The company’s subsidiaries have agreed to sell their interests in East Hanover Plaza in New Jersey, Southmont Plaza in Pennsylvania and Stow Community Center in Ohio for an aggregate cash price of $126.0 million, subject to closing adjustments. East Hanover Plaza and Southmont Plaza currently secure some of the company’s mortgage debt, with an expected aggregate release price of about $39.1 million. The buyer has posted a nonrefundable deposit of approximately $2.5 million (with limited exceptions), which will be credited to the purchase price at closing. The transaction is expected to close in the fourth quarter of 2025, subject to customary conditions such as tenant estoppels, accurate representations and no specified casualty or condemnation events.

Rhea-AI Summary

SITE Centers Corp. filed a Form 8-K on August 5, 2025 announcing it issued a Quarterly Financial Supplement dated June 30, 2025 that includes a News Release containing the Company’s financial results for the quarter ended June 30, 2025.

The filing attaches Exhibit 99.1 (Quarterly financial supplement dated June 30, 2025) and Exhibit 104 (Cover Page Interactive Data File). The Company states the Quarterly Supplement is incorporated by reference but is not deemed to be "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section.

Registrant details in the 8-K: SITE Centers Corp., 3300 Enterprise Parkway, Beachwood, Ohio 44122; common shares trade under SITC on the New York Stock Exchange. The report is signed by Jeffrey A. Scott, Senior Vice President and Chief Accounting Officer, dated August 5, 2025.