Added to YB: 2025-08-12
Pitch date: 2025-08-09
SITC [bullish]
SITE Centers Corp.
+0.92%
current return
Author Info
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Company Info
SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities.
Market Cap
$363.6M
Pitch Price
$7.25
Price Target
18.00 (+146%)
Dividend
N/A
EV/EBITDA
7.96
P/E
12.75
EV/Sales
3.46
Sector
Retail REITs
Category
special_situation
Show full summary:
A Liquidating REIT About to Pay Out 25%+ of the Market Cap in Dividends (and more to come) - SITE Centers Corp.
SITC: REIT in orderly liquidation post-CURB spin-off, returned 40%+ via $4.75 special dividends. Remaining assets at 9-10% implied cap rates vs. recent sales at 7-8%. NAV $12-18/share vs effective price ~$8 (post $3.25 dividend). Risks: slow sales, tenant issues, G&A drain. 20-30% return potential as liquidation completes.
Read full article (12 min)