SITE Centers (SITC)

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 • Simon Property • VEREIT • Prologis • Vornado Realty Trust • Vornado Realty • Welltower • Healthpeak Properties • Erp Operating LTD Partnership ...

Former names

DDR CORP, DEVELOPERS DIVERSIFIED REALTY, DEVELOPERS DIVERSIFIED REALTY CORP

SEC CIK

0000894315

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

3030 North Broadway LLC • AIP Office Flex II LLC • American Property Protection Company • Bandera Pointe Investment LLC • BG Toledo, LLC • Black Cherry Limited Liability Company • BRE DDR BR Midtowne SC LLC • BRE DDR BR White Oak VA LLC • BRE DDR Carillon Place LLC • BRE DDR Connecticut Commons LLC ...

IRS number

341723097

SITC stock data

1M 1Y 5Y

News

From Benzinga Pro

SITE Centers Q2 EPS $0.31, Same YoY, Sales $137.13M Beat $130.71M Estimate

28 Jul 22

SITE Centers (NYSE:SITC) reported quarterly earnings of $0.31 per share. This is unchanged from the same period last year. The company reported quarterly sales of $137.13 million which beat the analyst consensus

Earnings Scheduled For July 28, 2022

28 Jul 22

Companies Reporting Before The Bell • ArcelorMittal (NYSE:MT) is estimated to report earnings for its second quarter.

7 Analysts Have This to Say About SITE Centers

21 Jul 22

SITE Centers (NYSE:SITC) has observed the following analyst ratings within the last quarter:

Mizuho Maintains Neutral on SITE Centers, Lowers Price Target to $15

21 Jul 22

Morgan Stanley Maintains Equal-Weight on SITE Centers, Lowers Price Target to $13

15 Jul 22

Press releases

From Benzinga Pro

SITE Centers Reports Second Quarter 2022 Operating Results

28 Jul 22

SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today operating results for the quarter ended June 30, 2022. "SITE Centers had an

SITE Centers' Second Quarter 2022 Earnings Conference Call to be Held on Thursday, July 28, 2022, at 9:30 a.m. Eastern Time

8 Jul 22

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, 2022 will be

SITE Centers Issues 2021 Corporate Sustainability Report

29 Jun 22

SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today the release of its 2021 Corporate Sustainability Report which is the Company's eighth

WeWork Announces Appointment of Daniel Hurwitz to its Board of Directors

27 Jun 22

SITE Centers Refinances $950 Million Unsecured Revolving Credit Facility and Upsizes Unsecured Term Loan Facility

6 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$14.60

Low target

$13.00

High target

$17.00

Calendar

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SITC financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	41.18M	41.18M	41.18M	41.18M	41.18M	41.18M
Cash burn (monthly)	(no burn)	1.66M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	2.42M	n/a	n/a	n/a	n/a
Cash remaining	n/a	38.76M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	23.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SITC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 May 22	Ahern Terrance R	Common Shares	Grant	Acquire A	No	No	0	1,947	0	93,003.934
16 May 22	Otto Alexander	Common Shares	Grant	Acquire A	No	No	0	1,947	0	19,598,336
16 May 22	DeFlorio Jane E.	Common Shares	Grant	Acquire A	No	No	0	1,947	0	40,739.647
11 May 22	John M Cattonar	Common Shares	Payment of exercise	Dispose F	No	No	14.7	2,819	41.44K	51,621.514
28 Apr 22	David R Lukes	Common Shares	Sell	Dispose S	No	No	16.5873	310,797	5.16M	1,164,513.415

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

Institutional ownership, Q1 2022

SITC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	248	245	+1.2%
Opened positions	32	46	-30.4%
Closed positions	29	19	+52.6%
Increased positions	80	95	-15.8%
Reduced positions	96	73	+31.5%

13F shares	Current	Prev Q	Change
Total value	3.21B	3.01B	+6.7%
Total shares	194.48M	192.05M	+1.3%
Total puts	4.7K	55.7K	-91.6%
Total calls	9.5K	32K	-70.3%
Total put/call ratio	0.5	1.7	-71.6%

Largest owners	Shares	Value	Change
Vanguard	29.52M	$493.26M	+1.7%
BLK Blackrock	28.45M	$475.35M	-3.1%
CNS Cohen & Steers	12.05M	$201.44M	-5.2%
STT State Street	10.8M	$181.91M	+12.9%
FMR	10.43M	$174.34M	-14.1%
GS Goldman Sachs	6.99M	$116.86M	-14.3%
IVZ Invesco	6.09M	$101.73M	-0.9%
Nuveen Asset Management	5.03M	$80.32M	+1.7%
Daiwa Asset Management	4.9M	$49.57M	0.0%
MS Morgan Stanley	4.25M	$71.05M	-1.6%

Largest transactions	Shares	Bought/sold	Change
Heitman Real Estate Securities	4.13M	+4.13M	NEW
FMR	10.43M	-1.72M	-14.1%
Norges Bank	0	-1.68M	EXIT
Lasalle Investment Management Securities	1.57M	+1.57M	NEW
CMTDF Sumitomo Mitsui Trust	1.72M	+1.47M	+602.9%
JHG Janus Henderson	1.48M	+1.45M	+4598.7%
Healthcare Of Ontario Pension Plan Trust Fund	298.91K	-1.43M	-82.7%
Long Pond Capital	1.27M	+1.27M	NEW
STT State Street	10.8M	+1.23M	+12.9%
GS Goldman Sachs	6.99M	-1.17M	-14.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial reports

No filings

Current reports

No filings

Registration and prospectus

No filings

Proxies

No filings

Other

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Ownership

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