SITE Centers Corp. Common Stock (SITC)

FairStock Score: 87/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for understandable businesses selling below value, but I also insist the business not be burning cash. SITE Centers is a small open-air shopping center REIT, with 155 employees. At the 2026-10-13 close of $3.06, its market cap is $160.6M. The FairStock data show price/book of 0.57 and P/E of 1.27, which superficially scream asset play; the Lynch category confirms it as an ASSET PLAY trading at 0.57 times book. But the earnings are not recurring. In fiscal year 2025, ended 2025-12-31, revenue was $18.3M while net income was $177.9M and diluted EPS was $3.36. In fiscal year 2024, ended 2024-12-31, revenue was $6.1M while net income was $531.8M and EPS was $9.77. Those figures are disconnected from revenue, so I would not treat them as recurring REIT earnings. In the latest filed quarter, fiscal Q2 2026 ended 2026-06-30, revenue was only $10.7M and net income was -$1.3M, or -$0.03 per diluted share. The prior quarter, fiscal Q1 2026 ended 2026-03-31, had $13.0M revenue and $938,000 net income. Trailing free cash flow is -$17.8M, a -11.1% FCF yield. FairStock also shows ROE of 33.27% but ROCE of -2.28%, and leverage is very low with D/E of 0.02. Still, Piotroski is 1/9 and Altman Z is -12.51. FFO/AFFO, the right REIT measures, are not in the data, and no dividend yield is given. The stock may be cheap against book, but a low price without reliable cash earnings is not enough.

In plain English: SITE Centers owns and manages open-air shopping centers. The business looks weak right now: revenue has dropped sharply, the latest quarter lost money, and cash flow is negative. The stock trades below the value of its assets on the books, which can look cheap, but the falling business makes that cheapness uncertain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer