Stock fact sheet · data as of
SITE Centers Corp. (SITC): fair value, margin of safety and Wheel Score
Real Estate · REIT - Retail · United States · High Yield Income
Is SITC undervalued?
SITC has a margin of safety of 86%: the stock closed at 3.02 on 16 Oct 2026 against a GLS average fair value of 21.57. 7 of the 7 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between DCF (6.31) and DDM (44.14). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files SITC under High Yield Income: a dividend yield above 4%.
Nine valuation models for SITC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 6.31 | +109% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 17.19 | +469% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 39.35 | +1203% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 9.76 | +223% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 7.14 | +136% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 44.14 | +1362% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 27.10 | +797% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 1.01 | -67% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 3.50 | +16% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
SITE Centers Corp. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.0/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 43.5%, ROE 53.1%, ROA 42.5% - with debt at 0.22 times equity and negative free cash flow.
The dividend yield is high at 99.34% (payout ratio 278%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Asset And Property Management Fees 98%, Other 2% (fiscal year FY2025).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 43.5% |
|---|---|---|---|
| GLS Moat | 3.0 / 10 | ROE | 53.1% |
| Debt / equity | 0.22 | ROA | 42.5% |
| Free-cash-flow yield | -13.7% | Payout ratio | 278% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 63: Fair
A Wheel Score of 63 puts SITE Centers Corp. in the Fair band - below the 70 the Sunday Scan requires. Value 25/25, Health 11/20, Moat 5/15, Premium 9/20 and Stability 13/20; the weakest part is Moat (5/15).
Implied volatility is 105% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (9 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 1,999 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 1.5M shares a day on a market cap of $158M, with a beta of 1.02; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 86% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 5 / 15 | moat 3.0/10 | |
| Premium | 9 / 20 | implied volatility 105% | |
| Stability | 13 / 20 | 1.5M shares/day, $158M cap, beta 1.02 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Retail
The 12 companies below are the closest to SITE Centers Corp. by market cap within the REIT - Retail industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| SRG Seritage Growth Properties | 1.62 | - | - | 32Weak | $91M |
| PINE Alpine Income Property Trust, Inc. | 17.64 | 10.57 | -67% | 41Weak | $316M |
| BFS Saul Centers, Inc. | 29.14 | 64.32 | +55% | 72Good | $720M |
| ALX Alexander's, Inc. | 234.68 | 229.82 | -2% | 36No options | $1.2B |
| CBL CBL & Associates Properties, Inc. | 48.84 | 170.00 | +71% | 78Good | $1.5B |
| GTY Getty Realty Corp. | 28.30 | 23.49 | -20% | 54Fair | $1.8B |
| NTST NETSTREIT Corp. | 17.30 | 9.33 | -85% | 56Fair | $1.8B |
| IVT InvenTrust Properties Corp. | 29.88 | 39.63 | +25% | 76Good | $2.3B |
| FCPT Four Corners Property Trust, Inc. | 21.80 | 22.40 | +3% | 71Good | $2.4B |
| UE Urban Edge Properties | 19.18 | 14.88 | -29% | 53Fair | $2.4B |
| AKR Acadia Realty Trust | 18.53 | 8.39 | -121% | 56Fair | $2.5B |
| WHLRP Wheeler Real Estate Investment Trust, Inc. | 11.55 | 2,843,087.86 | +100% | 39No options | $9M |
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Start free See the Sunday ScanQuestions about SITC
Is SITC undervalued right now?
By the GLS models, yes: at 3.02 the stock is 86% below the average fair value of 21.57 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SITC and what does it mean?
SITC scores 63 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SITC?
21.57 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does SITE Centers Corp. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SITC have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 1,999 open interest across all expiries and implied volatility of 105% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.