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SITE Centers Reports $1.3 Million Second Quarter Net Loss

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SITE Centers Corp. (SITC) reported operating results for the quarter ended June 30, 2026, including a second quarter net loss of $1.3 million, or $0.03 per diluted share, compared with net income of $46.5 million, or $0.88 per diluted share, in the year-ago period.

The company said year-to-date asset sales totaled approximately $167.8 million in aggregate gross sales prices, including five properties, a land parcel and a joint venture interest. SITE Centers held $238.9 million of unrestricted cash at June 30, 2026.

  • Second quarter revenues were $7.0 million, compared with $31.1 million in the prior-year quarter.
  • Operating FFO was a loss of $4.6 million, or $0.09 per diluted share, compared with income of $8.3 million, or $0.16 per diluted share, a year earlier.
  • The company sold Meadowmont Crossings and the Pike Outlets for aggregate gross sales prices of $61.1 million during the quarter.
  • SITE Centers declared a $1.00 per share special dividend that was paid on July 31, 2026.
  • The leased rate was 82.5% at June 30, 2026, compared with 87.8% at Dec. 31, 2025, and 88.1% at June 30, 2025, on a pro rata basis.
  • The company delivered a buy-sell notice under the DTP joint venture agreement on June 29, 2026, with a partner response required by Aug. 31, 2026 under the agreement.

$SITC Hedge Fund Activity

We have seen 78 institutional investors add shares of $SITC stock to their portfolio, and 84 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

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