SITE Centers Corp. — Earnings Quality Grade F
SITC · Real Estate
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 41 days, change +5 days YoY
AR growth -48.8% vs revenue growth -55.4%
Revenue -55.4%, CFFO -82.5%. Cash follows revenue
Expense Quality
No material inventory
Insufficient data
SG&A/Gross Profit = 47.9%. Normal
Gross margin 67.2%, change -1.2pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF < 50% of Net Income for 2 years
Accruals ratio = 37.8%. Exceeds 10%
Insufficient data
Balance Sheet Health
Goodwill+Intangibles $0.0B = 2% of equity. Manageable
Interest coverage = -0.1x (<2x). Financial stress
Other assets -38.2% vs revenue -55.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -42% YoY. Normal
Manipulation Score
M-Score = -1.08 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Portfolio monitoring
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Beneish M-Score
Altman Z-Score — Not Applicable
SITE Centers Corp. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25