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SITC SITE Centers

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
CEO
David Lukes
Employees
Incorporated
Location
Fiscal year end
Former names
DDR CORP, DEVELOPERS DIVERSIFIED REALTY, DEVELOPERS DIVERSIFIED REALTY CORP
SEC CIK
IRS number
341723097

SITC stock data

(
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Calendar

29 Jul 21
2 Aug 21
31 Dec 21
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

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 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%

Financial report summary

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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
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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