Here's What Key Metrics Tell Us About SITE Centers Corp. (SITC) Q4 Earnings

Core Insights - SITE Centers Corp. reported a significant decline in revenue and earnings for the quarter ended December 2024, with revenue of $32.87 million, down 73.3% year-over-year, and EPS of $0.16 compared to $3.68 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $42.65 million, resulting in a surprise of -22.94%, while the EPS also missed the consensus estimate of $0.23 by -30.43% [1] Revenue Breakdown - Rental income was reported at $32.58 million, significantly lower than the estimated $66.09 million, reflecting a year-over-year decline of -73.5% [4] - Other revenue components included: - Percentage and overage rent: $0.63 million versus an estimate of $0.97 million - Other property revenues: $0.28 million versus an estimate of $0.53 million - Ancillary and other rental income: $0.52 million versus an estimate of $1.03 million, marking a -74% year-over-year change - Recoveries: $8.40 million versus an estimate of $19.01 million [4] Stock Performance - Over the past month, shares of SITE Centers Corp. returned -1.8%, slightly outperforming the Zacks S&P 500 composite's -2.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]