For the quarter ending 2025-09-30, SITC made $27,100K in revenue. -$6,158K in net income. Net profit margin of -22.72%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenue from operations | 27,100 | 33,470 | 42,623 | 62,235 |
| Operating and maintenance | 5,505 | 6,457 | 7,132 | 13,062 |
| Real estate taxes | 3,895 | 4,690 | 4,721 | 9,374 |
| Impairment charges | 106,570 | - | - | 16,650 |
| General and administrative | 10,295 | 9,418 | 9,395 | 10,656 |
| Depreciation and amortization | 10,768 | 12,921 | 13,252 | 25,336 |
| Total rental operation expenses | 137,033 | 33,486 | 34,500 | 71,673 |
| Interest expense | 3,975 | 5,314 | 5,565 | 13,720 |
| Other income (expense), net | - | -1,373 | -753 | - |
| Gain on debt retirement | - | 0 | - | 259 |
| Interest income | 1,411 | 722 | 361 | 5,874 |
| Gain on derivative instruments | 0 | 0 | - | -1,103 |
| Debt extinguishment costs | 576 | 504 | - | 3,421 |
| Transaction costs and other expense | 797 | - | - | -7,221 |
| Total other income (expense) | -3,937 | -6,469 | -5,957 | -5,954 |
| Loss before earnings from discontinued operations, equity method investments and other items | -113,870 | -6,485 | 2,166 | -27,361 |
| Equity in net (loss) income of joint ventures | -499 | -68 | 39 | -82 |
| Gain on disposition of real estate, net | 108,401 | 53,236 | 1,029 | 94,567 |
| Gain on sale and change in control of interest | - | 0 | - | 667 |
| (loss) income before tax expense | -5,968 | 46,683 | 3,234 | 67,791 |
| Tax expense of taxable reit subsidiary and state franchise and income taxes | 190 | 179 | 149 | 187 |
| (loss) income from continuing operations | -6,158 | 46,504 | 3,085 | 68,109 |
| Income (loss) from discontinued operations | 0 | 0 | - | 1,515 |
| Net (loss) income | -6,158 | 46,504 | 3,085 | 69,624 |
| Net income attributable to site centers | - | - | - | 69,624 |
| Preferred dividends | 0 | 0 | - | 2,283 |
| Write-off of preferred share original issuance costs | - | - | - | 1,539 |
| Net (loss) income attributable to common shareholders | -6,158 | 46,504 | 3,085 | 65,289 |
| Earnings per share, basic | -0.13 | 0.88 | 0.06 | 1.24 |
| Earnings per share, diluted | -0.13 | 0.88 | 0.06 | 1.233 |
| Weighted average number of shares outstanding, basic | 52,445,000 | 52,445,000 | 52,436,000 | -2,333.333 |
| Weighted average number of shares outstanding, diluted | 52,445,000 | 52,445,000 | 52,436,000 | 10,333.333 |
SITE Centers Corp. (SITC)
SITE Centers Corp. (SITC)