SITE Centers Corp.
For the period ended Sep 30, 2025. Filed Nov 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.
Sep 30, 2025 · Filed Nov 5, 2025
SITC$0.67-81.3%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024
CONSOLIDATED BALANCE SHEETS
(unaudited; in thousands, except share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Land | $114,763 | $204,722 |
| Buildings | 640,700 | 964,845 |
| Fixtures and tenant improvements | 214,084 | 254,152 |
| 969,547 | 1,423,719 | |
| Less: Accumulated depreciation | (537,815) | (654,389) |
| 431,732 | 769,330 | |
| Construction in progress and land | 4,446 | 2,682 |
| Total real estate assets, net | 436,178 | 772,012 |
| Investments in and advances to joint ventures, net | 29,393 | 30,431 |
| Cash and cash equivalents | 128,234 | 54,595 |
| Restricted cash | 10,084 | 13,071 |
| Accounts receivable | 15,824 | 25,437 |
| Amounts receivable from Curbline | 313 | 1,771 |
| Other assets, net | 33,929 | 36,285 |
| $653,955 | $933,602 | |
| Liabilities and Equity | ||
| Indebtedness | $248,702 | $301,373 |
| Amounts payable to Curbline | 28,666 | 33,762 |
| Accounts payable and other liabilities | 68,301 | 81,723 |
| Total liabilities | 345,669 | 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 September 30, 2025 and December 31, 2024 | 5,247 | 5,247 |
| Additional paid-in capital | 3,981,555 | 3,981,597 |
| Accumulated distributions in excess of net income | (3,680,364) | (3,473,458) |
| Deferred compensation obligation | — | 8,041 |
| Accumulated other comprehensive income | 2,894 | 5,472 |
| Less: Common shares in treasury at cost: 22,289 and 282,061 shares at September 30, 2025 and December 31, 2024, respectively | (1,046) | (10,155) |
| Total equity | 308,286 | 516,744 |
| $653,955 | $933,602 | |
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