Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · SITE Centers Corp. (SITC)

SITE Centers swings to $1.3 million Q2 net loss from $46.5 million profit a year earlier

Negative Impact 4 of 5 earnings Written later

SITE Centers reported a second-quarter 2026 net loss of $1.3 million, or $0.03 per diluted share, compared with net income of $46.5 million, or $0.88 per share, a year earlier, mainly due to a smaller gain on property sales and higher impairment charges. The company is still working to resolve its DTP joint venture, where a buy-sell notice requires the partner to decide by August 31, 2026, so shareholders face uncertainty over the timing and value of that exit.

Key points

  • Q2 2026 net loss was $1.3 million ($0.03 per diluted share) versus net income of $46.5 million ($0.88 per share) in Q2 2025.
  • Operating FFO was a loss of $4.6 million ($0.09 per diluted share) versus income of $8.3 million ($0.16 per share) a year earlier.
  • Sold Meadowmont Crossing and The Pike Outlets for aggregate gross sales prices of $61.1 million; unrestricted cash was $238.9 million at June 30, 2026.
  • Partner must decide by August 31, 2026 whether to buy the company's 20% DTP stake for about $32.4 million or sell its 80% stake for about $129.6 million.

The filing

CompanySITE Centers Corp. (SITC)
Form8-K, current report
Filed with the SECAug 3, 2026, 4:10 PM ET
Accession number0001193125-26-330569

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.