Site Centers Corp (NYSE: SITC) is a real estate investment trust (REIT) incorporated in Ohio that owns, leases, redevelops, and manages shopping centers. Revenue is generated primarily from renting properties to tenants, supplemented by management fees from unconsolidated joint ventures and a Shared Services Agreement with Curbline. As of December 31, 2025, the company was in an active wind-down of its wholly-owned portfolio, marketing remaining properties for sale and working to monetize its investment in the Dividend Trust Portfolio joint venture. On October 1, 2024, SITC completed the spin-off of 79 convenience retail properties. The company is self-administered and self-managed, organized under Ohio law. With its portfolio in active disposition, SITC maintained an elevated cash balance as of December 31, 2025, pending resolution of the DTP joint venture. Management contract revenue from unconsolidated joint ventures, including a shared services arrangement with Curbline, represents a secondary income stream alongside rental income from its remaining Portfolio Properties.

Revenue model

Rental income from tenants at owned shopping center properties is the primary revenue source. Secondary revenue comes from management contracts with unconsolidated joint ventures and a Shared Services Agreement with Curbline, as disclosed in the 10-K filed 2026-02-26.

Products and services

Ownership, leasing, redevelopment, and management of shopping centers. Post-October 2024 spin-off of 79 convenience retail properties into Curbline, SITC manages a residual portfolio of shopping center assets targeted for sale, plus a joint venture interest in the Dividend Trust Portfolio.

Customers and end markets

Retail tenants occupying space at shopping center properties. End market is U.S. retail real estate leasing.

Value-chain role

Property owner and operator in the retail real estate value chain. Acts as landlord to retail tenants and provides property management services to unconsolidated joint ventures.

Geographic exposure

United States. Specific markets referenced include Deer Park, Illinois (Deer Park Town Center, sold January 2026). Broader geographic breakdown not disclosed in the filing excerpts provided.

Source: SEC 10-K, filed 2026-02-26

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