Added to YB: 2025-03-03
Pitch date: 2025-02-28
SITC [neutral]
SITE Centers Corp.
-1.68%
current return
Author Info
Company Info
SITE Centers is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
Market Cap
$338.9M
Pitch Price
$6.74
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.55
P/E
11.88
EV/Sales
3.28
Sector
Retail REITs
Category
special_situation
SITC Bad News
SITC (sold): Q4 net loss $13.2M post-Curbline spin-off. FFO $8.3M after preferred stock redemption costs. Dividend cut to $0. Est. future yield 3.4% at $14/share. Debt low, but cash flow concerns. Author sold position due to insufficient yield and cash flow.
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