SITE Centers (SITC)
Selling remaining open-air shopping centers while monetizing DTP and Curbline ties.
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Owns, leases, redevelops, and manages a shrinking portfolio of open-air shopping centers, with revenue from leases, joint-venture management, and Curbline shared services. After the Curbline spin-off, the business depends on asset-sale execution, DTP monetization, REIT status, shared-service obligations, and NYSE listing compliance.
Owns, leases, redevelops, and manages open-air shopping centers through a single operating segment. The remaining portfolio is concentrated in the United States and includes wholly owned properties, unconsolidated joint-venture interests, and office real estate in Beachwood, Ohio.
Revenue now comes from leases, tenant recoveries, management contracts for unconsolidated joint ventures, and shared-service fees tied to Curbline. The operating task is less expansion than orderly property sales, DTP joint-venture monetization, cash reserves, and service delivery through the post-spin structure.
Dependencies are structural: asset-sale timing and pricing, realization of DTP value, continued REIT qualification or a planned tax-status change, obligations to Curbline, and NYSE listing standards during the wind-up period.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | Piper Sandler | Reiterate | Rating: —Target: $5 | Target: $3.50 |
| Jul 21, 2026 | Piper Sandler | Reiterate | Rating: —Target: $8 | Target: $5 |
| Jan 5, 2026 | Piper Sandler | Reiterate | Rating: —Target: $12 | Target: $8 |
| Oct 22, 2025 | Piper Sandler | Reiterate | Rating: —Target: $18 | Target: $12 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $238.9M · Total debt $0 · Total assets $365.3M · Shareholders' equity $282.3M
- Revenue
- $10.8M
- Operating income
- −$7.4M
- Net income
- −$1.3M
HistoryDividendAnnual yield
| Institutions | 108.68% | 57.03M shares | |
|---|---|---|---|
| 183 holders · as of Jun 30, 2026 | |||
| Insiders | 0.43% | 225.3K shares | |
| 5 holders · as of Mar 3, 2026 | |||
| Adds to | 109.11% | ||
52.48M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 109.11%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.60% | 5.04M | as of Jun 30, 2026 |
Rush Island Management, LPInstitution | 8.58% | 4.50M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 5.80% | 3.04M | as of Jun 30, 2026 |
Gumshoe Capital Management LLCInstitution | 5.09% | 2.67M | as of Jun 30, 2026 |
Irenic Capital Management LPInstitution | 4.96% | 2.61M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SITE Centers | $3.02 | −1.47% | $160.6M | 1.3 | — | 2.3 | −77.7% |
| Kimco Realty | $22.35 | −0.82% | $15.20B | 25.3 | 26.1 | 6.9 | +4.9% |
| Regency Centers | $73.53 | −0.01% | $13.43B | 20.8 | 29.1 | 7.8 | +5.7% |
| Brixmor Property Group | $27.83 | −0.48% | $8.58B | 20.0 | 27.8 | 6.1 | +4.3% |
| Kite Realty Group | $24.90 | −0.76% | $5.03B | 15.5 | 75.1 | 6.2 | −8.5% |
| Phillips Edison | $36.73 | −0.97% | $4.76B | 32.3 | 47.5 | 6.3 | +3.8% |
| Federal Realty | $110.28 | −0.16% | $9.54B | 22.0 | 34.9 | 7.1 | +7.7% |
| InvenTrust Properties | $30.43 | −0.75% | $2.39B | 152.8 | — | 7.5 | +13.3% |
| Urban Edge Properties | $19.91 | −1.02% | $2.53B | 37.6 | 44.8 | 5.1 | +7.7% |
| Median | 23.7 | 34.9 | 6.6 | +5.3% |