SITC SITE Centers Dashboard

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company. A

Company profile

Ticker

SITC, SITC-PA

Exchange

NYSE

Website

www.sitecenters.com

CEO

David Lukes

Incorporated

Ohio

Location

Ohio

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • VEREIT • Vornado Realty • Simon Property • Healthpeak Properties • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • Welltower ...

Former names

DDR CORP, DEVELOPERS DIVERSIFIED REALTY, DEVELOPERS DIVERSIFIED REALTY CORP

SEC CIK

0000894315

Corporate docs

Articles of Incorporation & Bylaws

IRS number

341723097

SITC stock data

S&P 500

1M 1Y 2Y 5Y

News

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Keybanc Maintains Overweight on SITE Centers, Raises Price Target to $18

30 Jul 21

Keybanc analyst Todd Thomas maintains SITE Centers (NYSE:SITC) with a Overweight and raises the price target from $17 to $18.

Stocks That Hit 52-Week Highs On Thursday

29 Jul 21

Thursday's morning session saw 167 companies set new 52-week highs.

SITE Centers Q2 FFO $0.31 Up From $0.21 YoY, Sales $126.71M Beat $116.43M Estimate

29 Jul 21

SITE Centers (NYSE:SITC) reported quarterly earnings of $0.31 per share. This is a 47.62 percent increase over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $126.71

Earnings Scheduled For July 29, 2021

29 Jul 21

Morgan Stanley Maintains Equal-Weight on SITE Centers, Raises Price Target to $15.75

11 Jun 21

Press releases

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SITE Centers Reports Second Quarter 2021 Operating Results

29 Jul 21

SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in affluent, suburban communities, announced today operating results for the quarter ended June 30, 2021. "SITE Centers had a very strong second

SITE Centers' Second Quarter 2021 Earnings Conference Call to Be Held on Thursday, July 29, 2021, at 10:00 a.m. Eastern Time

13 Jul 21

SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that financial and operational results for the quarter ended June 30, 2021, will be

SITE Centers Issues 2020 Corporate Responsibility and Sustainability Report

30 Jun 21

SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in affluent, suburban communities, announced today the release of its 2020 Corporate Responsibility and Sustainability Report. The report was

SITE Centers Provides Second Quarter 2021 Operational Update and Announces Acquisition of Shoppes at Addison Place

7 Jun 21

SITE Centers to Present at the 2021 Nareit's REITweek: Virtual Investor Conference

1 Jun 21

Calendar

29 Jul 21

2 Aug 21

31 Dec 21

Financial summary

Financial statements Chart SITC financial data

Quarter (USD)	Jun 21	Mar 21	Dec 20	Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	61.15M	61.15M	61.15M	61.15M	61.15M	61.15M
Cash burn (monthly)	44.18M	5.63M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	49.33M	6.28M	n/a	n/a	n/a	n/a
Cash remaining	11.82M	54.87M	n/a	n/a	n/a	n/a
Runway (months of cash)	0.3	9.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

SITC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 May 21	Finne Thomas	Common Shares	Sell	Dispose S	No	No	14.993	5,000	74.97K	57,785
27 May 21	Ahern Terrance R	Common Shares	Sell	Dispose S	No	No	15.0141	40,000	600.56K	86,310.934
26 May 21	Ahern Terrance R	Common Shares	Sell	Dispose S	No	No	14.8002	45,000	666.01K	126,310.934
17 May 21	Ahern Terrance R	Common Shares	Grant	Aquire A	No	No	0	1,693	0	171,310.934
17 May 21	DeFlorio Jane E.	Common Shares	Grant	Aquire A	No	No	0	1,693	0	34,046.647
17 May 21	Finne Thomas	Common Shares	Grant	Aquire A	No	No	0	1,693	0	62,785

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

SITC institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	205	206	-0.5%
Opened positions	22	29	-24.1%
Closed positions	23	25	-8.0%
Increased positions	86	64	+34.4%
Reduced positions	63	78	-19.2%

13F shares	Current	Prev Q	Change
Total value	4.82B	1.65B	+191.6%
Total shares	172.8M	162.71M	+6.2%
Total puts	43K	32.2K	+33.5%
Total calls	35.1K	20.8K	+68.8%
Total put/call ratio	1.2	1.5	-20.9%

Largest owners	Shares	Value	Change
BLK Blackrock	29.15M	$395.22M	+6.8%
Vanguard	25.52M	$346.1M	+8.0%
CNS Cohen & Steers	12.88M	$174.7M	-9.0%
IVZ Invesco	9.56M	$129.59M	+46.6%
STT State Street	8.3M	$113.52M	+7.6%
FMR	5.93M	$80.48M	+236.1%
Nuveen Asset Management	5.22M	$70.72M	+42.2%
Daiwa Asset Management	4.9M	$49.57M	0.0%
LSV Asset Management	3.77M	$51.16M	-15.7%
DSECF Daiwa Securities	3.33M	$45.16M	-32.0%

Largest transactions	Shares	Bought/sold	Change
FMR	5.93M	+4.17M	+236.1%
IVZ Invesco	9.56M	+3.04M	+46.6%
Heitman Real Estate Securities	2.31M	-2.61M	-53.1%
Norges Bank	0	-2.37M	EXIT
Vanguard	25.52M	+1.88M	+8.0%
BLK Blackrock	29.15M	+1.86M	+6.8%
Balyasny Asset Management	1.57M	+1.57M	NEW
DSECF Daiwa Securities	3.33M	-1.57M	-32.0%
Nuveen Asset Management	5.22M	+1.55M	+42.2%
CNS Cohen & Steers	12.88M	-1.28M	-9.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Consolidated shopping center properties owned as of January 1, 2020, but excluding properties under development or redevelopment and those sold by the Company, are referred to herein as the “Comparable Portfolio Properties.”
For the six months ended June 30, 2021, the increase in straight-line rents relative to the first half of 2020 was due to charges recorded by the Company in 2020 to straight-line revenue primarily related to new leasing activity and tenants being removed from the cash basis of accounting in 2021.
At June 30, 2021 and 2020, the wholly-owned Comparable Portfolio Properties’ aggregate occupancy rate was 91.7% and 92.2%, respectively, and the average annualized base rent per occupied square foot was $18.57 and $18.76, respectively.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Bad

New words: addressed, Beach, Charlottesville, Delray, elevated, expenditure, external, floating, Florida, instrument, long, meet, past, retenanting, shown, unanticipated, Virginia, weighted

Removed: aggregated, broad, ceased, continental, decline, extended, forecasted, increasingly, marketed, record, secondary, separate, theater, unclear

From filing 10-Q 2021 Q2