SITC: Fundamental Analysis +182%

With 2024 revenue of $ 277 millions, Site Centers is an american owner and manager of open-air shopping centers. EverStock identifies a fundamental revaluation potential of +182 %.

Valuation at 1.2 x net earnings :
Currently valued at $ 622 millions in market capitalization, Site Centers posted a profit of $ 532 millions in its latest fiscal year (2024).

Balance sheet and debt :
In the company annual report, tangible net asset value stood at $ 505 millions, giving a market capitalization / tangible net asset value ratio of 1.23.
The gearing ratio is good, at 0.60. (Total financial debt / net tangible assets valuation).

Current share price: 11.83 $
Target price: 33.32 $
Upside potential: +182 % (including dividende income)
Dividend: Next dividende (special) 3.25 $ paid on 29 august
Yield: 27.47 % (special dividend)