Added to YB: 2025-01-09
Pitch date: 2025-01-07
SITC [bullish]
SITE Centers Corp.
-47.4%
current return
Author Info
No bio for this author
Company Info
SITE Centers Corp. is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
Market Cap
$161.6M
Pitch Price
$5.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
-9.35
P/E
1.28
EV/Sales
-1.10
Sector
Retail REITs
Category
dividend
SITE Centers Corp. - $SITC
SITC: Shopping center REIT trading at 13% dividend yield after paying off debt. Strong town center model with lifestyle tenants. Spun off convenience properties. Post-spinoff EPS est. 1.3, PE 11.5, 5.5% div yield. Almost zero debt, well-positioned for economic challenges. Attractive valuation with upside potential.
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