SITE Centers (SITC) Shares Soar 11.68% on $165M Property Sale

SITE Centers (SITC) shares rose 0.39% today, marking the fourth consecutive day of gains, with a total increase of 11.68% over the past four days. The share price reached its highest level since April 2025, with an intraday gain of 1.10%.

The strategy of buying SITC shares after they reached a recent high and holding for one week yielded a 61.06% return, slightly outperforming the benchmark return of 57.98% over the same period. The excess return was 3.08%, with a CAGR of 21.45%. The strategy had a Sharpe ratio of 0.49, indicating a reasonable risk-adjusted return. However, it had a maximum drawdown of -31.62% and a volatility of 43.47%, suggesting significant risk fluctuations.

SITE Centers Corp. is bolstering its financial position through the sale of Winter Garden Village in Orlando, Florida. The transaction, expected to close in the third quarter of 2025, involves selling the property for approximately $165 million in cash to RA2 – Winter Gardens Village LLC. This sale is significant as it represents about 20% of the company's current market capitalization of roughly $810 million, thereby substantially increasing its financial flexibility. The property is unencumbered by mortgage financing, allowing most of the sale proceeds to directly boost Site Centers' liquidity.