Site Centers Corp. key statistics and ratios
In fiscal 2025, Site Centers Corp. had return on equity of 41.8%, a net margin of 143.8% and debt equal to 0.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 71.0% | 71.4% | 70.6% | 72.5% | 69.9% | — | — | — | — | — | — |
| Net margin | 6.0% | −26.2% | 16.2% | 19.8% | 7.8% | 23.4% | 35.2% | 58.7% | 191.7% | 143.8% | 244.0% |
| Return on equity | 1.9% | −7.9% | 4.6% | 5.0% | 1.8% | 6.3% | 8.2% | 12.5% | 39.5% | 41.8% | 42.1% |
| Return on assets | 0.7% | −3.1% | 2.0% | 2.4% | 0.9% | 3.1% | 4.2% | 6.6% | 21.3% | 26.3% | 35.8% |
| Asset turnover | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.13 | 0.12 | 0.11 | 0.11 | 0.18 | 0.15 |
| Debt to equity | 138.8% | 133.2% | 91.0% | 93.4% | 99.6% | 82.4% | 81.8% | 73.6% | 58.3% | 0.0% | 0.0% |
| Interest cover (operating income ÷ interest) | 3.3x | 3.5x | 3.5x | 4.3x | 4.1x | — | — | — | — | — | — |
| Effective tax rate | 2.8% | — | 0.7% | 0.6% | 3.0% | 1.2% | 0.6% | 0.9% | 0.1% | −0.1% | −0.5% |
| Dividends ÷ net income | 489.7% | — | 245.8% | 179.4% | 275.3% | 79.7% | 71.1% | 45.4% | 24.1% | 200.0% | — |
Moat
Weak moat
How hard Site Centers's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 3 / 20
Net income has been a median 3.6% of total assets over 10 years.
- Durability 9 / 20
Net margin has been a median 27.2%; its worst year was -36.1%.
- Cash conversion 12 / 20
Free cash flow was positive in 7 of 9 years, at a median 8.5% of revenue.
- Discipline 12 / 20
The diluted share count rose 15.3% over five years; stock-based pay has been a median 1.5% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
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