Added to YB: 2025-03-03
Pitch date: 2025-02-28
SITC [neutral]
SITE Centers Corp.
-8.63%
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
$8.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.96
P/E
12.75
EV/Sales
3.46
Sector
Retail REITs
Category
special_situation
Show full summary:
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.
Read full article (5 min)