SITE Centers Corp 2026年季度报告

Form 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file number 1-11690 SITE Centers Corp.(Exact name of registrant as specified in its charter) Ohio34-1723097(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 3300 Enterprise ParkwayBeachwood, OH(Address of principal executive offices) 44122(Zip Code) Registrant’s telephone number, including area code:(216) 755-5500 Securities registered pursuant to Section 12(b) of the Act: Title of each classTradingSymbol(s)Name of each exchange on which registeredCommon Shares, Par Value $0.10Per ShareSITCNew York Stock Exchange Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May 1, 2026 the registrant had 52,474,874 shares of common stock, $0.10 par value per share, outstanding. SITE Centers Corp.QUARTERLY REPORT ON FORM 10-QQUARTER ENDED March 31, 2026 TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1.Financial Statements – UnauditedConsolidated Balance Sheets as of March 31, 2026 and December 31, 20253Consolidated Statements of Operations and Comprehensive Income for the Three Months Ended March 31, 2026and 20254Consolidated Statements of Equity for the Three Months Ended March 31, 2026 and 20255Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20256Notes to Condensed Consolidated Financial Statements7Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations13Item 3.Quantitative and Qualitative Disclosures about Market Risk24Item 4.Controls and Procedures24PART II. OTHER INFORMATIONItem 1.Legal Proceedings25Item 1A.Risk Factors25Item 2.Unregistered Sales of Equity Securities and Use of Proceeds25Item 3.Defaults Upon Senior Securities25Item 4.Mine Safety Disclosures25Item 5.Other Information25Item 6.Exhibits26SIGNATURES27 SITE Centers Corp.CONSOLIDATED BALANCE SHEETS(unaudited; in thousands, except share amounts) SITE Centers Corp.CONSOLIDATED STATEMENTS OF OPERATIONS ANDCOMPREHENSIVE INCOME(unaudited; in thousands, except per share amounts) SITE Centers Corp.CONSOLIDATED STATEMENTS OF EQUITY(unaudited; in thousands) SITE Centers Corp.CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited; in thousands) Notes to Condensed Consolidated Financial Statements 1.Nature of Business and Financial Statement Presentation Nature of Business SITE Centers Corp. and its related consolidated real estate subsidiaries (collectively, the “Company” or “SITE Centers”) andunconsolidated joint ventures are primarily engaged in the business of owning, leasing, redeveloping and managing shoppingcenters. Unless otherwise provided, references herein to the Company or SITE Centers include SITE Centers Corp. and its wholly-owned subsidiaries. The Company’s tenant base includes a mixture of national and regional retail chains and local tenants.Consequently, the Company’s credit risk is primarily concentrated in the retail industry. Use of Estimates in Preparation of Financial Statements The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requiresmanagement to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure ofcontingent assets and liabilities and the reported amounts of revenues and expen