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AI brief of an SEC Form 8-K · SITE Centers Corp. (SITC)

SITE Centers Q3 net loss narrows to $5.4 million; operating FFO turns to a loss

Negative Impact 5 of 5 earnings Written later

SITE Centers reported a third-quarter net loss of $5.4 million, or $0.10 per diluted share, versus a $6.2 million loss a year earlier, but operating FFO swung to a $3.1 million loss from $5.6 million of income. Quarterly revenue fell to $4.6 million from $24.5 million as property sales reduced the portfolio, and the company plans to voluntarily delist from the NYSE before trading begins on December 4, 2026, with shares expected to move to the over-the-counter market.

Key points

  • Q3 2026 net loss was $5.4 million ($0.10 per diluted share), compared with a $6.2 million loss ($0.13 per share) in Q3 2025.
  • Q3 2026 operating FFO was a loss of $3.1 million ($0.06 per diluted share), compared with income of $5.6 million ($0.11 per share) a year earlier.
  • Year-to-date property and joint venture sales total an aggregate gross sales price of approximately $223.8 million; a $3.00 per share special cash distribution is payable November 5, 2026.
  • The NYSE was notified of a plan to voluntarily delist common shares before trading begins on December 4, 2026.

The filing

CompanySITE Centers Corp. (SITC)
Form8-K, current report
Filed with the SECNov 2, 2026, 4:10 PM ET
Accession number0001193125-26-443658

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 November 02, 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.