SITE Centers Past Earnings Performance

Past criteria checks 4/6

SITE Centers has been growing earnings at an average annual rate of 9.3%, while the Retail REITs industry saw earnings growing at 10.1% annually. Revenues have been growing at an average rate of 0.8% per year. SITE Centers's return on equity is 12.2%, and it has net margins of 46.1%.

Key information

9.3%

Earnings growth rate

4.3%

EPS growth rate

Retail REITs Industry Growth	8.5%
Revenue growth rate	0.8%
Return on equity	12.2%
Net Margin	46.1%
Next Earnings Update	30 Apr 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How SITE Centers makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:SITC.PRA Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	551	254	46
30 Sep 23	565	86	48
30 Jun 23	579	103	48
31 Mar 23	580	158	45
31 Dec 22	575	157	47
30 Sep 22	610	188	48
30 Jun 22	587	150	49
31 Mar 22	584	106	50
31 Dec 21	582	106	55
30 Sep 21	526	43	54
30 Jun 21	496	20	56
31 Mar 21	463	-3	57
31 Dec 20	461	15	53
30 Sep 20	475	31	53
30 Jun 20	493	44	54
31 Mar 20	517	62	56
31 Dec 19	518	61	58
30 Sep 19	515	223	56
30 Jun 19	526	191	56
31 Mar 19	607	170	58
31 Dec 18	698	80	57
30 Sep 18	788	-319	61
30 Jun 18	885	-309	52
31 Mar 18	908	-274	52
31 Dec 17	916	-271	59
30 Sep 17	943	-17	64
30 Jun 17	964	-75	76
31 Mar 17	987	-63	77
31 Dec 16	1,020	37	60
30 Sep 16	1,024	97	73
30 Jun 16	1,029	216	71
31 Mar 16	1,030	194	72
31 Dec 15	1,023	-96	73
30 Sep 15	1,031	-222	76
30 Jun 15	1,022	-270	78
31 Mar 15	1,007	-223	77
31 Dec 14	995	0	79
30 Sep 14	966	42	79
30 Jun 14	927	33	79
31 Mar 14	876	-44	80
31 Dec 13	833	-13	79
30 Sep 13	819	-25	78
30 Jun 13	806	-4	77

Quality Earnings: SITC.PRA has a large one-off gain of $216.5M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: SITC.PRA's current net profit margins (46.1%) are higher than last year (27.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SITC.PRA's earnings have grown by 9.3% per year over the past 5 years.

Accelerating Growth: SITC.PRA's earnings growth over the past year (61.7%) exceeds its 5-year average (9.3% per year).

Earnings vs Industry: SITC.PRA earnings growth over the past year (61.7%) exceeded the Retail REITs industry 3.4%.

Return on Equity

High ROE: SITC.PRA's Return on Equity (12.2%) is considered low.

Return on Assets

Return on Capital Employed

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SITE Centers Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

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

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

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

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

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

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

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
Beta