SITE Centers (SITE Centers) Total Assets : $3,892.58 Mil (As of Mar. 2024)

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What is SITE Centers Total Assets?

SITE Centers's Total Assets for the quarter that ended in Mar. 2024 was $3,892.58 Mil.

During the past 12 months, SITE Centers's average Total Assets Growth Rate was -17.10% per year. During the past 3 years, the average Total Assets Growth Rate was -4.60% per year. During the past 5 years, the average Total Assets Growth Rate was -2.70% per year. During the past 10 years, the average Total Assets Growth Rate was -11.10% per year.

During the past 13 years, SITE Centers's highest 3-Year average Total Assets Growth Rate was 36.80%. The lowest was -22.70%. And the median was 6.60%.

Total Assets is connected with ROA %. SITE Centers's annualized ROA % for the quarter that ended in Mar. 2024 was -2.37%. Total Assets is also linked to Revenue through Asset Turnover. SITE Centers's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

SITE Centers Total Assets Historical Data

The historical data trend for SITE Centers's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SITE Centers Total Assets Chart

SITE Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,093.62

4,108.28

3,967.05

4,045.02

4,061.35

SITE Centers Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															4,053.19	4,061.00	4,025.12	4,061.35	3,892.58

SITE Centers Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

SITE Centers's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	2175.543	+	1885.808
	=	4,061.35

SITE Centers's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	2123.944	+	1768.634
	=	3,892.58

SITE Centers (NYSE:SITCpJ.CL.PFD) Total Assets Explanation

Total Assets is connected with ROA %.

SITE Centers's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-94.208	/	( (4061.351	+	3892.578)	/ 2 )
	=	-94.208	/	3976.9645
	=	-2.37 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

SITE Centers's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	122.091	/	( (4061.351	+	3892.578)	/ 2 )
=	122.091	/	3976.9645
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

SITE Centers Total Assets Related Terms

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SITE Centers (SITE Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SITE Centers Corp (NYSE:SITCpJ.CL.PFD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SITCpA.PFD:USA SITC:USA DDR2:Germany

Address

3300 Enterprise Parkway, Beachwood, OH, USA, 44122

Website

https://www.sitecenters.com

SITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is the owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers.