Site Ctrs Corp SEC Filings

SITE Centers Corp. filed its annual report describing a REIT that is actively winding down. After spinning off 79 convenience retail properties into Curbline Properties in 2024, the company now owns 19 shopping centers totaling 5.0 million square feet and two office buildings.

As of December 31, 2025, occupancy in its shopping center portfolio was 85.9% on a pro rata basis with average annualized base rent of $22.61 per occupied square foot. The company plans to sell remaining wholly owned properties, monetize its 20% interest in the Dividend Trust Portfolio joint venture, and ultimately wind up the business.

SITE Centers expects rental income and net income to decline as dispositions continue, while general and administrative expenses stay elevated under a Shared Services Agreement with Curbline that runs to October 1, 2027. There were 52,462,340 common shares outstanding as of February 20, 2026.

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.

SITE Centers Corp. senior vice president and chief accounting officer Scott Jeffrey Alexander reported a Form 4 transaction involving company common shares. On February 22, 2026, he disposed of 141 common shares at $6.65 per share to cover tax withholding obligations, a non‑open‑market transaction coded as a tax-withholding disposition. After this transaction, he directly owned 12,993.965 common shares of SITE Centers.

SITE Centers Corp. executive Aaron Kitlowski, EVP & General Counsel, reported a tax-related share transaction. On February 22, he disposed of 1,284 common shares at $6.65 per share in a tax-withholding disposition, a method where shares are withheld to cover tax liabilities. After this transaction, he directly holds 113,098 common shares.

SITE Centers Corp. received an updated large-holder ownership report from investment entities affiliated with Rush Island. The group of reporting persons, including Rush Island Master, LP and related management entities, reports beneficial ownership of 3,989,634 common shares, representing 7.6% of the outstanding class.

They report sole voting and dispositive power over 3,105,728 shares, and shared voting and dispositive power over 883,906 shares. The securities are held by Rush Island advisory clients as record and direct owners, while the reporting persons expressly disclaim beneficial ownership beyond what may be deemed under securities laws and certify the holdings are not for the purpose of changing or influencing control of SITE Centers.

Cohen & Steers and affiliates report a 5.11% stake in SITE Centers Corp. They collectively report beneficial ownership of 2,678,505 shares of SITE Centers common stock as of 12/31/2025, representing 5.11% of the outstanding class.

The group has sole voting power over 1,210,442 shares and sole dispositive power over all 2,678,505 shares, with no shared voting or dispositive power. The shares are held by Cohen & Steers investment adviser subsidiaries for the benefit of their account holders, who are entitled to dividends and sale proceeds. Cohen & Steers certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of SITE Centers.

Weiss Asset Management LP, GP LLC and Andrew M. Weiss filed an amended Schedule 13G reporting their beneficial ownership in SITE Centers Corp. common shares.

The group reports beneficial ownership of 2,406,321 common shares, representing 4.6% of the class, with shared voting and dispositive power and no sole power. This percentage is based on 52,462,340 common shares outstanding as of October 31, 2025, as disclosed in SITE Centers’ Form 10-Q. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

BlackRock, Inc. reports a significant passive stake in SITE Centers Corp., disclosing beneficial ownership of 4,260,895 shares of common stock, representing 8.1% of the outstanding class as of the stated event date. BlackRock has sole voting power over 4,146,715 of these shares and sole dispositive power over all 4,260,895 shares, with no shared voting or dispositive authority. The filing notes that various underlying clients and investors may have rights to dividends or sale proceeds, but no single person has more than five percent of SITE Centers’ outstanding common shares. BlackRock certifies that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.

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.