Q - SITE Centers
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
SITC$0.67-81.3%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024
CONSOLIDATED BALANCE SHEETS
(unaudited; in thousands, except share amounts)
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Land | $190,585 | $204,722 |
| Buildings | 907,838 | 964,845 |
| Fixtures and tenant improvements | 238,653 | 254,152 |
| 1,337,076 | 1,423,719 | |
| Less: Accumulated depreciation | (628,703) | (654,389) |
| 708,373 | 769,330 | |
| Construction in progress and land | 2,671 | 2,682 |
| Total real estate assets, net | 711,044 | 772,012 |
| Investments in and advances to joint ventures, net | 29,895 | 30,431 |
| Cash and cash equivalents | 153,789 | 54,595 |
| Restricted cash | 8,733 | 13,071 |
| Accounts receivable | 19,791 | 25,437 |
| Amounts receivable from Curbline | 347 | 1,771 |
| Other assets, net | 35,441 | 36,285 |
| $959,040 | $933,602 | |
| Liabilities and Equity | ||
| Indebtedness | $288,442 | 301,373 |
| Amounts payable to Curbline | 31,287 | 33,762 |
| Accounts payable and other liabilities | 73,575 | 81,723 |
| Dividends payable | 79,054 | — |
| Total liabilities | 472,358 | 416,858 |
| Commitments and contingencies | ||
| SITE Centers Equity | ||
| Common shares, with par value, $0.10 stated value; 75,000,000 shares authorized; 52,467,187 shares issued at both June 30, 2025 and December 31, 2024 | 5,247 | 5,247 |
| Additional paid-in capital | 3,981,212 | 3,981,597 |
| Accumulated distributions in excess of net income | (3,502,923) | (3,473,458) |
| Deferred compensation obligation | — | 8,041 |
| Accumulated other comprehensive income | 4,192 | 5,472 |
| Less: Common shares in treasury at cost: 22,289 and 282,061 shares at June 30, 2025 and December 31, 2024, respectively | (1,046) | (10,155) |
| Total equity | 486,682 | 516,744 |
| $959,040 | $933,602 | |
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