SITE Centers Corp. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 2, 2026, reporting a net loss of $5,394 thousand for the third quarter and total assets of $300,508 thousand.

Key Highlights

  • Q3 2026 net loss: $5,394 thousand, or $(0.10) per basic and diluted share, compared to a net loss of $6,158 thousand, or $(0.13) per share, in Q3 2025.
  • Nine-month net loss: $(5,760) thousand for the nine months ended September 30, 2026, versus net income of $43,431 thousand for the same period in 2025.
  • Rental income declined: Rental income for Q3 2026 was $4,471 thousand, down from $24,203 thousand in Q3 2025; for the nine months, $20,559 thousand versus $86,315 thousand.
  • Impairment charges: $2,000 thousand recorded in Q3 2026 and $20,450 thousand for the nine months ended September 30, 2026.
  • Cash and cash equivalents: $200,207 thousand as of September 30, 2026, up from $119,034 thousand at December 31, 2025.
  • Total assets contracted: Total assets were $300,508 thousand at September 30, 2026, compared to $418,737 thousand at December 31, 2025.
  • Shares outstanding: 52,492,781 common shares outstanding as of October 29, 2026.

SITE Centers Reports Continued Portfolio Contraction and Net Losses in Third Quarter 2026

According to the filing, SITE Centers Corp. (NYSE:SITC), a large accelerated filer incorporated in Ohio and headquartered in Beachwood, Ohio, reported a net loss of $5,394 thousand for the three months ended September 30, 2026. Total revenues for the quarter were $8,562 thousand, comprised of rental income of $4,471 thousand and fee and other income of $4,091 thousand. This compares to total revenues of $27,100 thousand in the third quarter of 2025, when rental income alone was $24,203 thousand.

The company disclosed impairment charges of $2,000 thousand in Q3 2026 and general and administrative expenses of $8,995 thousand for the same period. Interest expense was zero for the quarter, compared to $3,941 thousand in Q3 2025, while interest income was $1,811 thousand. The filing also reported a gain on disposition of real estate, net, of $1,852 thousand for Q3 2026, versus $108,401 thousand a year earlier. For the nine months ended September 30, 2026, the company recorded a gain on sale of joint venture interests of $19,989 thousand and a gain on disposition of real estate, net, of $13,663 thousand, while impairment charges for the nine-month period totaled $20,450 thousand.

The consolidated balance sheet as of September 30, 2026 showed total real estate assets, net, of $42,887 thousand, a significant reduction from $225,736 thousand at December 31, 2025, reflecting the company's ongoing disposition activity. Total equity stood at $277,153 thousand, down from $334,765 thousand at year-end 2025. The filing also disclosed real estate and other assets held for sale of $15,092 thousand at September 30, 2026. A dividend declared during the nine-month period totaled $52,691 thousand. Accumulated distributions in excess of net income reached $(3,709,789) thousand at September 30, 2026.

What Was Disclosed

SITE Centers Corp. disclosed its unaudited financial results for Q3 and the nine months ended September 30, 2026, including net losses, sharply reduced rental income, impairment charges, and a higher cash balance, alongside a materially smaller balance sheet reflecting continued real estate dispositions.