Earnings Releases·Nov 2, 2026, 4:10 PM ET

SITE Centers Corp. — Third Quarter 2026 Earnings Summary

Reported a net loss of $5.4 million ($0.10/share) for Q3 2026, an improvement from the $6.2 million loss ($0.13/share) in the prior year period, driven by reduced impairment charges and interest expense despite a significant drop in Net Operating Income and total revenues.
Executed a major asset liquidation strategy, selling seven properties and joint venture interests year-to-date for approximately $223.8 million, with additional sales of The Blocks (Portland) and the Maxwell (Chicago) pending or completed in Q4 2026.
Announced plans to voluntarily de-list from the NYSE prior to December 4, 2026, to trade in the over-the-counter market, while estimating 100% of 2026 distributions will be classified as a return of capital due to expected lack of REIT taxable income.
Strengthened balance sheet liquidity with cash and restricted cash rising to $201.8 million at period end, while total liabilities decreased to $23.4 million; also secured a lease agreement for 31,089 square feet at its Beachwood headquarters.
Declared a special cash distribution of $3.00 per share payable in November 2026 and a special dividend of $1.00 per share in July 2026, contrasting with $0.00 declared for the third quarter of 2026.