SITE Centers Management

Management criteria checks 4/4

SITE Centers' CEO is David Lukes, appointed in Mar 2017, has a tenure of 7.08 years. total yearly compensation is $6.74M, comprised of 13.4% salary and 86.6% bonuses, including company stock and options. directly owns 0.58% of the company’s shares, worth $16.63M. The average tenure of the management team and the board of directors is 6.9 years and 7.2 years respectively.

Key information

David Lukes

Chief executive officer

US$6.7m

Total compensation

CEO salary percentage	13.4%
CEO tenure	7.1yrs
CEO ownership	0.6%
Management average tenure	6.9yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Lukes's remuneration changed compared to SITE Centers's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$7m	US$900k	US$254m
Sep 30 2023	n/a	n/a	US$86m
Jun 30 2023	n/a	n/a	US$103m
Mar 31 2023	n/a	n/a	US$158m
Dec 31 2022	US$7m	US$900k	US$157m
Sep 30 2022	n/a	n/a	US$188m
Jun 30 2022	n/a	n/a	US$150m
Mar 31 2022	n/a	n/a	US$106m
Dec 31 2021	US$7m	US$900k	US$106m
Sep 30 2021	n/a	n/a	US$43m
Jun 30 2021	n/a	n/a	US$20m
Mar 31 2021	n/a	n/a	-US$3m
Dec 31 2020	US$9m	US$865k	US$15m
Sep 30 2020	n/a	n/a	US$31m
Jun 30 2020	n/a	n/a	US$44m
Mar 31 2020	n/a	n/a	US$62m
Dec 31 2019	US$7m	US$850k	US$61m
Sep 30 2019	n/a	n/a	US$223m
Jun 30 2019	n/a	n/a	US$191m
Mar 31 2019	n/a	n/a	US$170m
Dec 31 2018	US$6m	US$850k	US$80m
Sep 30 2018	n/a	n/a	-US$319m
Jun 30 2018	n/a	n/a	-US$309m
Mar 31 2018	n/a	n/a	-US$274m
Dec 31 2017	US$8m	US$705k	-US$271m

Compensation vs Market: David's total compensation ($USD6.74M) is about average for companies of similar size in the US market ($USD6.59M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Lukes (53 yo)

7.1yrs

Tenure

US$6,740,650

Compensation

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...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Lukes	President	7.1yrs	US$6.74m	0.58% $ 16.6m
Conor Fennerty	Executive VP	4.4yrs	US$3.40m	0.053% $ 1.5m
John Cattonar	Executive VP & Chief Investment Officer	6.9yrs	US$2.70m	0.061% $ 1.7m
Christina Yarian	Senior VP & Chief Accounting Officer	less than a year	no data	0.020% $ 583.6k
Monica Kukreja	Capital Markets & Investor Relations	no data	no data	no data
Aaron Kitlowski	Executive VP	6.4yrs	no data	no data
Kim Scharf	Senior Vice President of Information Technology	7yrs	no data	no data
Jeff Scott	Senior Vice President of Property Reporting	7.1yrs	no data	no data
Robert Siebenschuh	Senior Vice President of Property Accounting Operations	7.1yrs	no data	no data
John Thirkell	Senior Vice President of Leasing	2.7yrs	no data	no data
Stephanie de Perez	Vice President of Capital Markets	no data	no data	no data
Dale Johnson	VP & Corporate Controller	no data	no data	no data

6.9yrs

Average Tenure

45yo

Average Age

Experienced Management: SITC.PRA's management team is seasoned and experienced (6.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Lukes	President	7.1yrs	US$6.74m	0.58% $ 16.6m
Terrance Ahern	Independent Chairman of the Board	23.9yrs	US$334.91k	0.051% $ 1.5m
Barry Sholem	Independent Director	1.6yrs	US$189.91k	0.091% $ 2.6m
Victor MacFarlane	Independent Director	21.9yrs	US$199.91k	0.0024% $ 69.6k
Alexander Otto	Independent Director	8.9yrs	US$169.91k	9.36% $ 267.1m
Jane DeFlorio	Independent Director	7.3yrs	US$234.91k	0.027% $ 764.9k
Dawn Sweeney	Independent Director	5.5yrs	US$219.91k	0.030% $ 851.6k
Linda Abraham	Independent Director	5.5yrs	US$214.94k	0.020% $ 571.7k

7.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: SITC.PRA's board of directors are considered experienced (7.2 years average tenure).

SITE Centers Management

Management criteria checks 4/4

Key information

Recent management updates

SITE Centers Corp., Annual General Meeting, May 08, 2024

SITE Centers Corp. Appoints Christina M. Yarian as Senior Vice President and Chief Accounting Officer

SITE Centers Corp. Announces the Resignation of Christa A. Vesy, Executive Vice President and Chief Accounting Officer

SITE Centers Corp. Appoints Barry A. Sholem as an Independent Director

SITE Centers Corp., Annual General Meeting, May 11, 2022

Recent updates

SITE Centers Corp. to Report Q1, 2024 Results on Apr 30, 2024

SITE Centers Corp., Annual General Meeting, May 08, 2024

SITE Centers Corp. Appoints Christina M. Yarian as Senior Vice President and Chief Accounting Officer

SITE Centers Corp. Announces the Resignation of Christa A. Vesy, Executive Vice President and Chief Accounting Officer

SITE Centers Corp. Declares First Quarter Dividend, Payable on April 5, 2024

JBL Asset Management, LLC acquired Casselberry Commons from SITE Centers Corp. (NYSE:SITC) for $40.3 million.

SITE Centers Corp. to Report Q4, 2023 Results on Feb 13, 2024

SITE Centers Corp. Declares Special Dividend, Payable on January 12, 2024

SITE Centers Corp. Expects to Declare and Pay Special Cash Dividend Prior to January 31, 2024

SITE Centers Corp. to Report Q3, 2023 Results on Nov 02, 2023

SITE Centers Corp. Declares Dividend on Common Stock for the Third Quarter of 2023, Payable on October 12, 2023

SITE Centers Corp. (NYSE:SITC) acquired Briarcroft Center for $23.5 million.

SITE Centers Corp. to Report Q2, 2023 Results on Jul 25, 2023

SITE Centers Corp. Declares Common Stock Dividend for Second Quarter 2023, Payable on July 6, 2023

Centers Declares Common Stock Dividend for the First Quarter 2023, Payable on April 6, 2023

An unknown buyer acquired Presidential Commons for $7 million.

SITE Centers Corp. to Report Q4, 2022 Results on Feb 08, 2023

SITE Centers Corp. (NYSE:SITC) announces an Equity Buyback for $100 million worth of its shares.

SITE Centers Corp. Declares Common Stock Dividend for Fourth Quarter 2022, Payable on January 6, 2023

SITE Centers Corp. Revises Earnings Guidance for the Year 2022

SITE Centers Corp. to Report Q3, 2022 Results on Oct 25, 2022

SITE Centers Corp. Appoints Barry A. Sholem as an Independent Director

SITE Centers Corp. Declares Common Stock Dividend for Third Quarter 2022, Payable on October 7, 2022

An unknown Buyer acquired Two Broward County Retail Centers from SITE Centers Corp. (NYSE:SITC) for $31.7 million.

SITE Centers Corp. (NYSE:SITC) acquired Fairfax Marketplace, Fairfax Pointe and Boulevard Marketplace for $34.9 million.

Slate Grocery REIT (TSX:SGR.UN) completed the acquisition of 14 properties comprising 2.5 million square feet across United States from SITE Centers Corp. (NYSE:SITC), Madison International Realty, LLC and InvenTrust Properties Corp. (NYSE:IVT).

SITE Centers Corp. to Report Q2, 2022 Results on Jul 28, 2022

SITE Centers Corp. Declares Common Stock Dividend for the Second Quarter of 2022, Payable on July 6, 2022

SITE Centers Corp. (NYSE : SITC) acquired Shops at Boca Center for $90 million.

Mishorim Gold Properties acquired Willowbrook Plaza from Site Centers Corp. (NYSE: SITC) for $37.8 million.

SITE Centers Corp., Annual General Meeting, May 11, 2022

SITE Centers Corp. Declares Common Stock Dividend for the First Quarter of 2022, Payable on April 7, 2022

SITE Centers Corp. (NYSE:SITC) acquired 80% stake in Six Properties in Florida from Madison International Realty, LLC for approximately $110 million.

New Bandera Ventures acquired Heather Island Plaza from SITE Centers Corp. (NYSE:SITC) and Madison International Realty, LLC.

SITE Centers Corp. Declares Second Quarter 2021 Common Stock Dividend, Payable on July 2, 2021

SITE Centers Corp. Revises Earnings Guidance for the Year 2021

SITE Centers Corp. has completed a Follow-on Equity Offering in the amount of $198 million.

SITE Centers Corp. to Report Q4, 2020 Results on Feb 18, 2021

SITE Centers Corp.(NYSE:SITC) dropped from Russell 1000 Dynamic Index

SITE Centers Corp. to Report Q3, 2020 Results on Oct 27, 2020

Teachers Insurance and Annuity Association of America - College Retirement Equities Fund completed the acquisition of remaining 15% stake in DDRTC Core Retail Fund LLC from SITE Centers Corp. (NYSE:SITC) for approximately $140 million. The net proceeds are prior to any working capital adjustments.

SITE Centers Corp. to Report Q2, 2020 Results on Jul 28, 2020

SITE Centers Corp.(NYSE:SITC) dropped from Russell 1000 Dynamic Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age