Added to YB: 2025-01-09
Pitch date: 2025-01-07
SITC [bullish]
SITE Centers Corp.
-8.97%
current return
Author Info
Company Info
SITE Centers 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
$338.9M
Pitch Price
$7.28
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.55
P/E
11.88
EV/Sales
3.28
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.
Read full article (8 min)