SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.
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Established dividend payer and good value.
Share Price & News
How has SITE Centers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SITC.PRA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SITC.PRA underperformed the US REITs industry which returned -9.7% over the past year.
Return vs Market: SITC.PRA underperformed the US Market which returned 8.4% over the past year.
Price Volatility Vs. Market
How volatile is SITE Centers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SITE Centers undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SITC.PRA ($19.21) is trading below our estimate of fair value ($24.67)
Significantly Below Fair Value: SITC.PRA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SITC.PRA is good value based on its PE Ratio (17.8x) compared to the REITs industry average (27.9x).
PE vs Market: SITC.PRA is poor value based on its PE Ratio (17.8x) compared to the US market (16x).
Price to Earnings Growth Ratio
PEG Ratio: SITC.PRA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SITC.PRA is good value based on its PB Ratio (0.7x) compared to the US REITs industry average (1.4x).
How is SITE Centers forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SITC.PRA's earnings are forecast to decline over the next 3 years (-58.9% per year).
Earnings vs Market: SITC.PRA's earnings are forecast to decline over the next 3 years (-58.9% per year).
High Growth Earnings: SITC.PRA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SITC.PRA's revenue (2.4% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: SITC.PRA's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SITC.PRA is forecast to be unprofitable in 3 years.
How has SITE Centers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SITC.PRA has high quality earnings.
Growing Profit Margin: SITC.PRA's current net profit margins (12.1%) are lower than last year (28%).
Past Earnings Growth Analysis
Earnings Trend: SITC.PRA has become profitable over the past 5 years, growing earnings by 22.8% per year.
Accelerating Growth: SITC.PRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SITC.PRA had negative earnings growth (-63.3%) over the past year, making it difficult to compare to the REITs industry average (5.3%).
Return on Equity
High ROE: SITC.PRA's Return on Equity (5.1%) is considered low.
How is SITE Centers's financial position?
Financial Position Analysis
Short Term Liabilities: SITC.PRA's short term assets ($585.4M) exceed its short term liabilities ($185.2M).
Long Term Liabilities: SITC.PRA's short term assets ($585.4M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: SITC.PRA's debt to equity ratio (112.1%) is considered high.
Reducing Debt: SITC.PRA's debt to equity ratio has reduced from 150.4% to 112.1% over the past 5 years.
Debt Coverage: SITC.PRA's debt is not well covered by operating cash flow (12%).
Interest Coverage: SITC.PRA's interest payments on its debt are not well covered by EBIT (2.3x coverage).
What is SITE Centers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SITC.PRA's dividend (13.42%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: SITC.PRA's dividend (13.42%) is in the top 25% of dividend payers in the US market (4.45%)
Stability and Growth of Payments
Stable Dividend: SITC.PRA's dividend payments have been volatile in the past 10 years.
Growing Dividend: SITC.PRA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (82.9%), SITC.PRA's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SITC.PRA's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Lukes (49yo)
Mr. David R. Lukes has been the Chief Executive Officer and President of SITE Centers Corp. since March 2, 2017. Mr. Lukes has been Chief Executive Officer and President of Retail Value Inc. since February ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD6.64M) is above average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|Executive VP||0.50yr||US$2.62m||0.031% $355.5k|
|Executive VP & COO||3.17yrs||US$2.56m||0.024% $272.9k|
|Executive VP & Chief Accounting Officer||13.5yrs||US$767.44k||0.053% $612.2k|
|Senior Vice President of Investments||3yrs||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Deputy General Counsel & Corporate Compliance Officer||4.17yrs||no data||no data|
|Executive VP||2.5yrs||no data||no data|
|Senior Vice President of Leasing||3.67yrs||no data||no data|
|Senior Vice President of Information Technology||3.08yrs||no data||no data|
Experienced Management: SITC.PRA's management team is considered experienced (3.2 years average tenure).
|Independent Chairman of the Board||9.17yrs||US$315.02k||0.14% $1.6m|
|Independent Director||18yrs||US$180.02k||0.042% $484.5k|
|Independent Director||5yrs||US$150.05k||16.98% $194.6m|
|Independent Director||10.67yrs||US$170.02k||0.028% $317.3k|
|Independent Director||3.33yrs||US$215.02k||0.013% $146.0k|
|Independent Director||1.58yrs||US$200.03k||0.012% $139.5k|
|Independent Director||1.58yrs||US$195.02k||0.013% $152.7k|
Experienced Board: SITC.PRA's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SITC.PRA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.1%.
SITE Centers Corp.'s company bio, employee growth, exchange listings and data sources
- Name: SITE Centers Corp.
- Ticker: SITC.PRA
- Exchange: NYSE
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: US$1.146b
- Shares outstanding: 192.69m
- Website: https://www.sitecenters.com
Number of Employees
- SITE Centers Corp.
- 3300 Enterprise Parkway
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SITC||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Feb 1993|
|DDR2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 1993|
|SITC.PRK||NYSE (New York Stock Exchange)||DEP SH CUM PFD K||US||USD||Mar 2013|
|SITC.PRA||NYSE (New York Stock Exchange)||DEP SH CUM PFD A||US||USD||May 2017|
SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/29 05:13|
|End of Day Share Price||2020/05/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.