The company has achieved a fortress-like capital structure with a debt-to-equity ratio of 0.01 and total debt reduced to just $3.5 million as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 401.92M | 418.74M | 933.6M | 4.06B | 4.05B | 3.97B | 4.11B | 4.09B | 4.21B | 7.17B | 8.2B | 9.1B | 9.54B | 9.69B | 8.06B | 7.47B | 7.77B | 7.19B | 9.02B | 9.09B | 7.18B | 6.86B | 5.58B | 3.94B | 2.78B | 2.5B | 2.33B | 2.32B | 2.13B | 1.39B | 975.13M |
| Asset Growth % | -267.3% | -55.15% | -77.01% | 0.4% | 1.97% | -3.44% | 0.36% | -2.68% | -41.33% | -12.53% | -9.89% | -4.66% | -1.56% | 20.32% | 7.85% | -3.84% | 8.09% | -20.31% | -0.79% | 26.6% | 4.62% | 22.91% | 41.67% | 41.93% | 11.2% | 7.08% | 0.48% | 9.14% | 52.78% | 42.74% | 17.47% |
| Real Estate & Other Assets | 15.85M | 21.09M | 773.2M | 3.27B | 3.79B | 3.67B | 3.57B | 3.43B | 3.47B | 6.32B | 7.29B | 8.11B | 8.52B | 8.51B | 7.06B | 0 | 0 | 999.36M | 0 | 437.78M | 287.42M | 251.33M | 260.33M | 254.31M | 122.98M | 99.69M | 71.5M | 66.09M | 85.89M | 29.5M | 18.72M |
| PP&E (Net) | 0 | 0 | 15.82M | 17.37M | 18.2M | 19.05M | 20.6M | 21.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.72B | 6.96B | 6.63B | 7.9B | 7.96B | 6.58B | 6.34B | 5.04B | 3.43B | 2.4B | 2.14B | 1.86B | 1.82B | 1.69B | 1.15B | 849.61M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 209.36M | 136.73M | 101.21M | 667.22M | 103.19M | 116.15M | 159.11M | 97.46M | 290.55M | 559.45M | 603.43M | 599.3M | 221.22M | 327.99M | 249.78M | 396.45M | 391.74M | 376.81M | 536.83M | 905.57M | 490.38M | 168.12M | 152.54M | 99.94M | 88.11M | 75.98M | 53.66M | 50.84M | 75.29M | 20.38M | 11.45M |
| Cash & Equivalents | 193.45M | 119.03M | 54.59M | 551.97M | 20.25M | 41.81M | 69.74M | 16.08M | 11.09M | 92.61M | 30.43M | 22.42M | 20.94M | 86.66M | 31.17M | 41.21M | 19.42M | 26.17M | 29.49M | 49.55M | 28.38M | 30.66M | 49.87M | 11.69M | 16.37M | 19.07M | 4.24M | 5.99M | 2.26M | 18K | 12.6K |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 4.97M | 4.68M | 13.07M | 49.62M | 960K | 1.45M | 4.67M | 3.05M | 2.56M | 96.25M | 91.11M | 10.1M | 33.85M | 56.33M | 115.42M | 0 | 124.45M | 128.84M | 128.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.87M | 7.51M | 12.94M | 68.99M | 87.75M | 94.06M | 90.42M | 58.02M | 77.42M | 182.41M | 241.6M | 311.05M | 389.22M | 409.61M | 129.28M | 0 | 0 | 0 | 0 | 53.3M | 14.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 65.97M | 83.97M | 416.86M | 1.89B | 1.95B | 1.92B | 2.16B | 2.11B | 2.13B | 4.27B | 4.95B | 5.63B | 5.74B | 5.77B | 4.69B | 4.39B | 4.63B | 4.82B | 6.21B | 5.96B | 4.56B | 4.16B | 2.97B | 2.28B | 1.62B | 1.41B | 1.31B | 1.25B | 1.11B | 705.76M | 505.17M |
| Total Debt | 3.48M | 74.24M | 301.37M | 1.63B | 1.71B | 1.68B | 2.07B | 1.85B | 1.98B | 3.85B | 4.49B | 5.14B | 5.23B | 5.29B | 4.32B | 4.1B | 4.3B | 4.55B | 5.92B | 5.59B | 4.25B | 3.89B | 2.72B | 2.08B | 1.5B | 1.31B | 1.23B | 1.15B | 1.08B | 668.52M | 478.43M |
| Net Debt | -189.97M | -44.79M | 246.78M | 1.07B | 1.69B | 1.64B | 2B | 1.84B | 1.97B | 3.76B | 4.46B | 5.12B | 5.21B | 5.21B | 4.29B | 4.06B | 4.28B | 4.52B | 5.89B | 5.54B | 4.22B | 3.86B | 2.67B | 2.07B | 1.48B | 1.29B | 1.22B | 1.15B | 1.08B | 668.5M | 478.42M |
| Long-Term Debt | 0 | 35.24M | 301.37M | 1.63B | 1.71B | 1.68B | 1.93B | 1.85B | 1.88B | 3.85B | 4.49B | 5.14B | 5.21B | 5.29B | 4.32B | 3.56B | 4.3B | 5.18B | 5.92B | 5.59B | 4.25B | 3.89B | 2.72B | 2.08B | 1.5B | 1.31B | 1.23B | 1.15B | 1B | 668.5M | 478.4M |
| Short-Term Borrowings | 0 | 3.76M | 0 | 684K | 0 | 0 | 135M | 5M | 100M | 0 | 0 | 210M | 0 | 0 | 147.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81.1M | 0 | 0 |
| Capital Lease Obligations | 38.73M | 35.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 3.76M | 115.48M | 259.53M | 245.37M | 247.02M | 229.95M | 264.85M | 45.26M | 78.55M | 75.25M | 68.6M | 61.47M | 55.11M | 44.21M | 286.95M | 331.4M | 141.39M | 288.15M | 55.78M | 63.51M | 45.39M | 41.17M | 98.05M | 68.44M | 55.56M | 53.82M | 49.86M | 131.48M | 54.4M | 27.4M |
| Accounts Payable | 0 | 83.97M | 115.48M | 112.52M | 214.99M | 218.78M | 215.11M | 220.81M | 203.66M | 344.77M | 382.29M | 425.48M | 448.19M | 354.31M | 326.02M | 257.82M | 127.72M | 130.4M | 169.01M | 141.63M | 63.51M | 45.39M | 41.17M | 98.05M | 68.44M | 55.56M | 53.82M | 49.86M | 50.38M | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -425.48M | -448.19M | -415.41M | -326.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 62.48M | 9.73M | 0 | 79.47M | 0 | 0 | 0 | 0 | 50.33M | 127.51M | -450.3M | 155.3M | 470.68M | 415.41M | 17.1M | 545.94M | 0 | 0 | 0 | -5.59B | -4.25B | -3.89B | -2.72B | -2.08B | -1.5B | -1.31B | -1.23B | -1.15B | -1B | -668.5M | -478.4M |
| Total Equity | 335.95M | 334.76M | 516.74M | 2.18B | 2.09B | 2.04B | 1.94B | 1.98B | 2.07B | 2.9B | 3.25B | 3.46B | 3.8B | 3.93B | 3.37B | 3.08B | 3.13B | 2.37B | 2.81B | 3.13B | 2.62B | 2.7B | 2.61B | 1.66B | 1.16B | 1.08B | 1.02B | 1.07B | 1.01B | 686.16M | 469.95M |
| Equity Growth % | -238.09% | -35.22% | -76.25% | 3.96% | 2.45% | 5.03% | -1.85% | -4.42% | -28.45% | -10.74% | -6.28% | -8.8% | -3.32% | 16.68% | 9.38% | -1.81% | 32.17% | -15.68% | -10.07% | 19.46% | -3.09% | 3.5% | 57.1% | 43.16% | 7.03% | 6.36% | -4.62% | 5.63% | 47.48% | 46.01% | 16.27% |
| Shareholders Equity | 335.95M | 334.76M | 516.74M | 2.18B | 2.09B | 2.04B | 1.94B | 1.98B | 2.07B | 2.89B | 3.24B | 3.46B | 3.77B | 3.9B | 3.34B | 3.05B | 3.1B | 2.28B | 2.68B | 3B | 2.5B | 2.57B | 2.55B | 1.61B | 945.56M | 834.01M | 783.75M | 853.02M | 903.09M | 669.51M | 469.95M |
| Minority Interest | 0 | 0 | 0 | 0 | 5.79M | 5.79M | 3.31M | 3.06M | 2.93M | 6.51M | 8.5M | 8.28M | 27.28M | 23.22M | 24.32M | 32.21M | 38.09M | 89.77M | 128.13M | 128.88M | 121.93M | 131.45M | 55.94M | 47.44M | 215.04M | 250.4M | 235.8M | 215.91M | 108.83M | 16.65M | 0 |
| Common Stock | 5.25M | 5.25M | 5.25M | 21.44M | 21.44M | 21.13M | 19.4M | 19.38M | 18.47M | 36.85M | 36.63M | 36.53M | 36.07M | 35.94M | 31.52M | 27.71M | 25.63M | 20.17M | 12.86M | 12.68M | 10.97M | 10.89M | 10.85M | 9.38M | 7.33M | 6.61M | 6.15M | 6.14M | 6.13M | 2.77M | 2.17M |
| Additional Paid-in Capital | 3.98B | 3.98B | 3.98B | 5.97B | 5.97B | 5.93B | 5.71B | 5.7B | 5.54B | 5.53B | 5.49B | 5.47B | 5.44B | 5.42B | 4.63B | 4.14B | 3.87B | 3.37B | 2.77B | 3.03B | 1.96B | 1.95B | 1.93B | 1.3B | 881.78M | 753.23M | 676.15M | 674.7M | 673.9M | 580.51M | 369.42M |
| Retained Earnings | -3.65B | -3.65B | -3.47B | -3.93B | -4.05B | -4.09B | -4.1B | -4.07B | -3.98B | -3.18B | -2.63B | -2.39B | -2.05B | -1.92B | -1.69B | -1.49B | -1.38B | -1.1B | -608.67M | -260.02M | -159.62M | -99.76M | -92.29M | -116.74M | -154.62M | -130.44M | -112.36M | -105.76M | -80.7M | -63.52M | -51.38M |
| Preferred Stock | 0 | 0 | 0 | 175M | 175M | 175M | 325M | 325M | 525M | 525M | 350M | 350M | 350M | 405M | 405M | 375M | 555M | 555M | 555M | 555M | 705M | 705M | 705M | 535M | 304M | 303.75M | 303.75M | 303.75M | 303.75M | 149.75M | 149.75M |
| Return on Assets (ROA) | 28.88% | 26.3% | 21.29% | 6.56% | 4.21% | 3.09% | 0.87% | 2.43% | -1.92% | -3.15% | 0.69% | -0.77% | 1.22% | -0.11% | -0.33% | -0.21% | -2.8% | -4.4% | -0.64% | 3.39% | 3.61% | 4.54% | 5.66% | 7.15% | 3.87% | 3.83% | 4.33% | 3.93% | 4.43% | 5.71% | 5.49% |
| Return on Equity (ROE) | 47.95% | 41.78% | 39.51% | 12.45% | 8.16% | 6.27% | 1.82% | 4.97% | -4.4% | -7.87% | 1.79% | -1.99% | 3.04% | -0.28% | -0.8% | -0.51% | -7.6% | -13.76% | -1.95% | 9.61% | 9.52% | 10.64% | 12.63% | 17.03% | 9.08% | 8.78% | 9.66% | 8.4% | 9.18% | 11.68% | 11.33% |
| Debt / Assets | 0.87% | 17.73% | 32.28% | 40.04% | 42.2% | 42.28% | 50.35% | 45.25% | 47.18% | 53.69% | 54.82% | 56.5% | 54.86% | 54.62% | 53.62% | 54.95% | 55.38% | 63.28% | 65.61% | 61.51% | 59.18% | 56.7% | 48.69% | 52.86% | 53.97% | 52.39% | 52.64% | 49.64% | 50.86% | 48.03% | 49.06% |
| Debt / Equity | 0.01x | 0.22x | 0.58x | 0.75x | 0.82x | 0.82x | 1.06x | 0.93x | 0.96x | 1.33x | 1.38x | 1.48x | 1.38x | 1.35x | 1.28x | 1.33x | 1.37x | 1.92x | 2.10x | 1.79x | 1.62x | 1.44x | 1.04x | 1.25x | 1.29x | 1.21x | 1.20x | 1.08x | 1.07x | 0.97x | 1.02x |
| Net Debt / EBITDA | -9.02x | -1.04x | 1.50x | 3.71x | 5.54x | 5.03x | 7.43x | 5.94x | 5.83x | 3.82x | 4.13x | 4.64x | 4.85x | 9.65x | 9.62x | 9.29x | 14.87x | 41.93x | 14.32x | 11.41x | 9.50x | 8.51x | 6.61x | 6.17x | 8.22x | 8.22x | 7.89x | 8.20x | 8.91x | 6.70x | 6.41x |
| Book Value per Share | 6.41 | 6.38 | 9.83 | 41.51 | 39.14 | 39.07 | 40.15 | 43.25 | 44.93 | 63.10 | 71.03 | 76.77 | 84.84 | 96.27 | 93.84 | 90.70 | 102.48 | 119.47 | 169.04 | 185.63 | 172.50 | 178.14 | 192.47 | 143.86 | 129.09 | 140.51 | 130.91 | 121.77 | 123.36 | 95.61 | 61.33 |
Operational scale and viability
As reported in recent financial statements, SITE Centers has achieved an exceptionally low debt-to-equity ratio of 0.01 as of 2026Q1, reflecting a dramatic reduction in total debt to $3.5 million compared to the $1.6 billion levels observed in late 2023, effectively eliminating near-term refinancing risk.
The current debt profile suggests a balance sheet that is essentially unlevered, providing management with significant optionality for future capital allocation. However, this lack of leverage may also indicate a lack of productive assets to finance, as the company's footprint has shrunk significantly following the Curbline spin-off.
Based on the company's 2026Q1 balance sheet, cash and cash equivalents stand at $193.5 million, which represents a substantial liquidity buffer relative to the firm's current total liability base of $66.0 million, providing a strong cushion for ongoing corporate restructuring and potential future investment activities.
The elevated cash position appears to be a direct result of the recent asset divestitures rather than operational cash flow generation. Investors should monitor how management intends to deploy this capital, as holding excessive cash may drag on overall return on equity in the absence of new acquisition opportunities.
According to quarterly filings, the company's equity base has contracted to $335.9 million in 2026Q1 from a peak of $2.7 billion in 2024Q3, a shift that underscores the fundamental change in the firm's scale and the impact of distributing assets to shareholders through the spin-off.
The volatility in equity value suggests that the current book value may not yet reflect a stable long-term valuation for the remaining entity. Analysts should investigate whether the current equity base is sufficient to support the necessary G&A and overhead costs required to manage the remaining retail portfolio.
As indicated by the 2026Q1 financial data, the company's total assets have plummeted to $401.9 million from $4.1 billion in 2023Q4, creating a non-obvious risk where the remaining corporate structure may be disproportionately expensive relative to the reduced revenue-generating capacity of the underlying property portfolio.
While the balance sheet appears fortress-like due to low debt, the primary risk is that the company has become a 'stub' entity with insufficient scale to justify its public company costs. This structural imbalance warrants further investigation into whether the current operating model is sustainable without further consolidation or a strategic sale.
Quick answers to the most common questions about buying SITC stock.
As of 2025, SITE Centers Corp. (SITC) had total assets of $418.7M including $136.7M in current assets.
SITE Centers Corp. (SITC) carries total debt of $74.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SITE Centers Corp. (SITC) has total shareholders' equity (book value) of $334.8M ($6.38 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SITE Centers Corp. (SITC) reported a current ratio of 36.38x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.