SITE Centers SITC
SITE Centers reports net loss of $5.39 million
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0001193125-26-443679
- Revenue: $8.56 million for the three months ended Sep 30, 2026
- Net loss: $5.39 million for the three months ended Sep 30, 2026
- Cash and equivalents: $200.21 million at Sep 30, 2026
Written from the 10-Q on EDGAR. Check the filing before you rely on it.
The reading, claim by claim
0 of 4 claims matched the filing text.
Not found in the filing text
- For the quarter ended September 30, 2026, SITE Centers Corp. reported: Revenue $8.6 million.
- Net income -$5.4 million.
- Net margin -63.0%.
- Revenue change from a year earlier -68.4%.
From the filing
Item 1.
Item 1.
Financial Statements – Unaudited
Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025
3
Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended September 30, 2026 and 2025
4
Consolidated Statements of Operations and Comprehensive (Loss) Income for the Nine Months Ended September 30, 2026 and 2025
5
Consolidated Statements of Equity for the Three and Nine Months Ended September 30, 2026 and 2025
6
Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2026 and 2025
7
Notes to Consolidated Financial Statements
8
Item 6.
Item 6.
Exhibits
29
SIGNATURES
30
2
SITE Centers Corp.
CONSOLIDATED B ALANCE SHEETS
(unaudited; in thousands, except share amounts)
Assets
Land
$
5,111
$
47,182
Buildings
65,474
338,527
Fixtures and tenant improvements
52,958
170,247
123,543
555,956
Less: Accumulated depreciation
( 80,760
)
( 332,774
)
42,783
223,182
Construction in progress and land
104
2,554
Total real estate assets, net
42,887
225,736
Investments in and advances to joint ventures
25,460
27,676
Cash and cash equivalents
200,207
119,034
Restricted cash
1,588
3,781
Accounts receivable
6,065
13,015
Amounts receivable from Curbline
455
902
Other assets, net
8,754
28,593
Real estate and other assets held for sale
15,092
—
Total assets
$
300,508
$
418,737
Liabilities and Equity
Amounts payable to Curbline
6,512
22,107
Accounts payable and other liabilities
15,632
61,865
Liabilities held for sale
1,211
—
Total liabilities
23,355
83,972
Commitments and contingencies
SITE Centers Equity
Common shares, with par value, $ 0.10 stated value; 75,000,000 shares authorized; 52,480,384 and 52,467,187 shares issued at September 30, 2026 and December 31, 2025, respectively
5,248
5,247
Additional paid-in capital
3,981,725
3,981,084
Accumulated distributions in excess of net income
( 3,709,789
)
( 3,651,338
)
Less: Common shares in treasury at cost: 5,045 and 4,847 shares at September 30, 2026 and December 31, 2025, respectively
( 31
)
( 228
)
Total equity
277,153
334,765
$
300,508
$
418,737
The accompanying notes are an integral part of these consolidated financial statements.
3
SITE Centers Corp.
CONSOLIDATED STA TEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(unaudited; in thousands, except per share amounts)
Three Months
Ended September 30,
2026
2025
Revenues from operations:
Rental income
$
4,471
$
24,203
Fee and other income
4,091
2,897
8,562
27,100
Rental operation expenses:
Operating and maintenance
1,712
5,505
Real estate taxes
647
3,895
Impairment charges
2,000
106,570
Gene
Similar companies
Companies of similar size in SIC 6798 and related industry codes: the same peer list as the financial tables.
- Lightstone Value Plus REIT IV LTSV
- Adamas Trust ADAM public float $596M, Jun 30, 2025
- Strategic Storage Trust VI SGST
- Whitestone REIT WSR public float $557M, Jun 30, 2025
- TPG RE Finance Trust TRTX public float $553M, Jun 30, 2025