SITE Centers Corp. (SITC) Stock

SITE Centers Corp. (SITC) is a Real Estate stock trading at $3.06 (as of 2026-08-21), with a market capitalization of $160.84M and a trailing P/E of 1.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SITE Centers Corp. owns and manages open-air shopping centers, overseeing their operations and leasing. The company operates as a self-managed, self-administered REIT and is listed on the New York Stock Exchange under the ticker symbol SITC.

Understand SITE Centers Corp.: how it makes money

SITE Centers owns and manages open-air shopping centers as a self-administered and self-managed REIT, generating property-related revenues from operating its centers (including other property revenues and related items).

Profitability is primarily driven by leasing execution and collections, where leased occupancy, renewal and new leasing spreads, and base rent collections determine the base rent that the company can earn from its shopping centers.

Revenue by segment (latest quarter)
Other prop	$0.0B
Other prop (condemn)	$0.0B

Business quality (Weak): Leasing and collections metrics look like the main near-term drivers, with reported spreads and high base rent collections supporting revenue quality, but the outlook depends on whether the signed, not yet opened leasing pipeline turns into opened space.

Valuation: At 1× earnings, SITC trades 96% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

High occupancy, per reported leasing metrics: Leased Rate is 85.9%, and Commenced Rate is 84.7%.
Strong rent collection performance: Base Rent Collections are 99.0%.
Positive leasing spread indicators: Cash Renewal Leasing Spread is 3.4%, and Cash New Leasing Spread is 11.5% (with renewal and new leasing spread also shown on a straight-lined basis).
Leasing activity and pipeline: New Leases Executed are 1.0, Lease Renewals Executed are 8.0, and Square Feet Signed (New and Renewal) is 237000.0.

Bear case

Dependence on converting signed leasing to opened space: Annualized Base Rent from Signed Not Opened is 0.02 USD_B, and Signed Not Opened Pipeline is 0.01 USD_B, so future results depend on openings.
Leasing spreads may not remain favorable: Reported straight-lined leasing spreads (Straight-Lined New Leasing Spread at 50.6% and Straight-Lined Renewal Leasing Spread at 14.8%) and cash spreads can be sensitive to tenant economics and lease terms.
Profitability cushion appears limited in the latest quarter: Operating margin is 5.8% for the period ended 2026-03-31, which can leave less room for unfavorable leasing or expense movements.

Valuation — source: SEC EDGAR (first-party)
Price	$3.06
Market Cap	$160.84M
P/E Ratio	1.3
EV / EBITDA	-0.5
Price / Book	0.57
Price / Sales	2.26
DCF Value (model)	$215.26
DCF Upside vs Price	6923.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$123.65M
Net Margin	143.8%
Revenue Growth (YoY)	-68.1%
EPS Growth (YoY)	-103.4%

Valuation vs Sector & Industry
Stock P/E	1.3
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	35.3
vs Sector	-95.4%
vs Industry	-96.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($32.14M)
Institutional Holders Tracked	10

Company
Sector	Real Estate
Industry	Trading
CEO	David R. Lukes
Employees	172
Country	US
IPO Date	1993-02-02

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.