SITE Centers Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SITE Centers Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,006	922	707	508	460	533	479	453	277	124
General and administrative	61.1	77	61.6	58.4	52.9	55.1	46.6	61.7	55.2	39.8
Operating expenses	854	1,033	582	367	367	401	381	375	311	239
Operating income	714	658	499	368	322
Interest expense	218	189	141	84.7	77.6	76.4	77.7	82	59.5	15.3
Interest income	37.1	28.4	20.4	18	11.9	0	0	4.35	31.6	3.77
Other non-operating income	-177	-228	-232	-66.4	-84.1	-77.6	-78.6	-74.9	-76.2	-25.7
Pre-tax income	63	-231	117	102	37.7	127	140	231	527	178
Income tax	1.78	12.4	0.86	0.66	1.13	1.55	0.82	2.05	0.76	-0.23
Income from continuing operations	36.9
Net income to minority interests	1.19	-1.45	1.67	1.13	0.87	0.48	0.07	0.02	0	0
Net income	60	-242	114	101	35.7	125	169	266	532	178
EBITDA	1,103	1,004	741	533	493
EPS, basic	0.81	-5.96	1.73	1.33	0.32	2.05	2.95	4.85	9.81	3.36
EPS, diluted	0.81	-5.96	1.73	1.33	0.32	2.05	2.94	4.85	9.77	3.36
Shares, basic (weighted)	45.4	45.6	45.8	45.4	48	51.6	53.3	52.4	52.4	52.4
Shares, diluted (weighted)	45.4	45.6	45.8	45.5	48.1	51.9	53.5	52.4	52.6	52.4
Dividend per share	6.12	6.12	4.67	3.22	1.01	1.89	2.08	2.72	1.04	6.75

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	30.4	92.6	11.1	16.1	69.7	41.8	20.3	551	54.6	119
Lease right-of-use assets			0	21.8	20.6	19	18.2	17.4	15.8	14.7
Intangible assets	242	182	77.4	58	90.4	94.1	87.7	34.7	12.9	7.51
Total assets	8,198	7,170	4,206	4,094	4,108	3,967	4,045	4,061	934	419
Total liabilities	4,952	4,273	2,133	2,112	2,163	1,924	1,952	1,886	417	84
Paid-in capital	5,487	5,531	5,544	5,700	5,705	5,934	5,974	5,991	3,982	3,981
Treasury stock	-15	-8.28	-44.3	-7.71	-11.3	-5.35	-51.5	-72.4	-10.2	-0.23
Other comprehensive income	-4.19	-1.11	-1.38	-0.49	-2.68	0	9.04	6.12	5.47	0
Shareholders' equity	3,238	2,891	2,070	1,978	1,942	2,037	2,087	2,176	517	335
Minority interests	8.5	6.51	2.93	3.06	3.32	5.79	5.79	0
Total equity	3,246	2,897	2,073	1,981	1,945	2,043	2,093	2,176	517	335
Total liabilities and equity	8,198	7,170	4,206	4,094	4,108	3,967	4,045	4,061	934	419

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	61.2	-243	116	102	36.6	125	169	266	532	178
Depreciation and amortization	390	346	242	165	171	186	204	212	131	44.8
Stock-based compensation	7.77	11.5	7.47	9.89	8.8	13.5	7.22	7.63	6.84	1.39
Change in receivables	1.41	2.47	-3.69	4.36	-11.7	15.9	-5.53	-7.47	6.01	7.96
Change in payables	-9.78	-3.66	11.4	-4.77	-7.75	-2.99	-0.13	-3.04	-21.6	-12.5
Cash from operations	461	410	263	270	190	283	257	239	112	19.6
Acquisitions	-146
Cash from investing	473	479	818	-10.4	102	74.5	-168	560	1,844	705
Debt issued	0	791	0	0
Debt repaid	-195	-542	-1,006	0	-217	0	0	-153	-1,306	0
Stock issued	13.5	0	0	195	0	225	36.7	0	0
Share buybacks	0	0	-36.3	-14.1	-7.5	0	-42.3	-26.6	0	0
Dividends paid	-294	-306	-281	-181	-98.3	-99.5	-120	-121	-128	-356
Cash from financing	-927	-834	-1,163	-254	-237	-388	-112	-251	-2,457	-670
Exchange rate effect	0
Net change in cash	6.7	55.5	-81.1	5.48	55.3	-31.2	-22	548	-501	55.1
Interest paid	220	195	148	79.5	76	70.2	71.3	76.3	60.3	15.2

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.06 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	178.6%	Pre-tax income / revenue.
Net margin	179.5%	Net income / revenue.
Operating cash flow margin	-24.9%	Cash from operations / revenue.
Effective tax rate	-0.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	45.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	35.0%	Net income / average total assets.
Stock-based pay / revenue	1.8%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	38.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-55.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-36.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-23.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-66.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	1.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	37.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-65.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	4.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	59.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-82.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-57.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-36.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	549.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	48.1%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	46.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-35.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-45.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-29.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-55.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-53.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-36.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	22.7%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$281.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.20x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.44	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$1.36	Revenue / diluted weighted shares.
Operating cash flow per share	-$0.34	Cash from operations / diluted weighted shares.
Book value per share	$5.38	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$5.36	Tangible book value / shares outstanding.
Cash per share	$4.55	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$160.6M	Share price x shares outstanding.
Enterprise value	-$78.4M	Market cap + total debt - cash - short-term investments.
P/E	1.26x	Market cap / net income. Only when net income is positive.
P/S	2.25x	Market cap / revenue.
P/B	0.57x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.57x	Market cap / tangible book value, when positive.
Earnings yield	79.7%	Net income / market cap (the inverse of P/E).
PEG	0.28x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was SITE Centers Corp.'s revenue in fiscal 2025?

SITE Centers Corp. reported revenue of $123.6M for fiscal 2025, 55.4% lower than the year before.

Was SITE Centers Corp. profitable in fiscal 2025?

Yes. Net income was $177.9M, a net margin of 143.8%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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