SITE Centers Corp

SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

SITE Centers Corp (SITC) excels in Q4 with proactive risk management

SITE Centers Corp (SITC) delivered strong Q4 results with proactive risk management strategies and a focus on convenience asset acquisitions. Challenges include market bid-ask spread issues and risks associated with convenience assets in a downturn. Opportunities exist in robust leasing environment and backfill potential for anchor tenants.

SITE Centers Corp excels in Q1, eyes growth from acquisitions

SITE Centers Corp delivered a strong Q1 performance, exceeding expectations and raising guidance.
The company's focus on leasing, balance sheet strength, and strategic investments position it well.
Challenges include managing bankruptcies and balancing tenant mix for sustained growth.
Opportunities lie in potential upside from acquisitions, redevelopment projects, and industry dynamics.

SITE Centers Corp (SITC) reports strong Q2 earnings amidst tenant demand challenges

SITE Centers Corp (SITC) had a strong quarter with solid leasing activity and tenant demand, despite challenges from bankruptcies impacting revenue. The company's focus on tenant retention, managing construction costs, and leveraging the SNO pipeline for growth positions them well for the future.

SITE Centers plans spin-off of Curbline Properties for growth

Strong Q3 performance with property sales and spin-off plans set a positive trajectory for SITE Centers and Curbline Properties.
Curbline's financial foundation, growth potential, and market adaptability position it as a promising entity in the convenience retail sector.
Challenges in leadership transition, strategic decision-making, and cost management require careful navigation for sustained growth and profitability.

SITE Centers Corp reports strong Q4 performance and plans spin-off for growth

SITE Centers Corp showcased strong financial performance, strategic dispositions, and growth plans for Curbline Properties.
While challenges like prioritizing dispositions and minimal redevelopment activity exist, opportunities in asset sales and acquisitions are promising.
The company's proactive approach to financial management, balance sheet strength, and focus on maximizing asset value position it well for future growth.
Investors should monitor the progress of the spin-off, debt reduction efforts, and operational updates for potential value creation.

SITE Centers Corp reports strong Q1 performance and unveils promising spin-off plans

SITE Centers Corp (SITC) shows strong performance in Q1 2024 with notable property sales and acquisitions, despite some challenges in leasing volume.
Curbline Properties presents as a promising spin-off entity with a solid financial position and growth potential, attracting interest from investors.
Efforts to maintain high rents, efficient operations, and strategic portfolio management position both SITE and CURBline for future success.

SITE Centers Corp reports robust Q2 progress and plans spin-off

SITE Centers Corp's Q2 2024 earnings call showcased strong progress on strategic goals, with a focus on asset sales and the spin-off of Convenience assets into Curbline Properties.
Curbline's emphasis on financial performance and operational efficiency, along with planned acquisitions, highlights growth potential post-spin.
Challenges include market uncertainties and the need for seamless execution of the spin-off, while opportunities lie in focused growth and strategic acquisitions.

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BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today operating results for the quarter and year ended December 31, 2023 and declared a dividend on its common stock for the first quarter of 2024. “The fourth quarter was a significant time period for SITE Centers highlighted by the announced planned spin-off of the Company's Convenience assets, nearly $800 million of total transacti.

SITE Centers Reports Fourth Quarter and Full-Year 2023 Results and Declares First Quarter Dividend

Get a deeper insight into the potential performance of SITE CENTERS CORP. (SITC) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Curious about SITE CENTERS CORP. (SITC) Q4 Performance?

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that financial and operational results for the quarter ended December 31, 2023 will be released prior to the market open on February 13, 2024. The Company will host its quarterly earnings conference call and audio webcast on February 13, 2024, at 8:00 a.m. Eastern Time. All interested parties can access the earnings call by dial.

SITE Centers' Fourth Quarter 2023 Earnings Conference Call to be Held on Tuesday, February 13, 2024, at 8:00 a.m. Eastern Time

BEACHWOOD, OhioBEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced the tax allocations of 2023 distributions on its common shares and one series of preferred shares. For shareholders of SITE Centers Corp. common and preferred shares, the Form 1099-DIV summarizes the allocation of 2023 distributions. The amounts indicated on Form 1099-DIV should be reported on shareholders' 2023 f.

SITE Centers Announces Tax Allocations of 2023 Dividend Distributions

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on fourth quarter 2023 and first quarter to date 2024 transaction activity as part of presentations to certain investors in meetings hosted by Evercore ISI. “SITE Centers closed on the sale of 12 properties in the fourth quarter bringing total dispositions since June 30, 2023 to $854.5 million including fourth quarter d.

SITE Centers Provides 2023 and YTD 2024 Transactions Update

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a cash special dividend of $0.16 per share resulting from 2023 transaction activity. The dividend is payable on January 12, 2024 to shareholders of record at the close of business on December 27, 2023. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household in.

SITE Centers Declares $0.16 Per Share Cash Special Dividend

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REITWorld conference in Los Angeles featured 29 meetings, including exclusive sessions with REIT CEOs and CFOs, and property tours. Common themes discussed included cautious optimism on 2024 fundamentals, distressed opportunities, and challenges in the market. Actionable ideas and key takeaways were gathered from the meetings, covering various sectors such as shopping centers, healthcare, multifamily, self-storage, industrial, office, and life science.

Property Type Round-Up From REITWorld

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its fourth quarter 2023 Preferred Class A stock dividend of $0.39844 per depositary share. Each Class A depositary share is equal to one-twentieth of a share of SITE Centers' 6.375% Class A Cumulative Redeemable Preferred Stock. The declared Preferred Class A dividend covers the period beginning October 15, 2023 and ending Januar.

SITE Centers Declares Fourth Quarter 2023 Class A Preferred Share Dividend

SITE CENTERS CORP. (SITC) reported earnings 30 days ago.

SITE CENTERS CORP. (SITC) Up 11.9% Since Last Earnings Report: Can It Continue?

Federal Realty Investment Trust

Realty Income Corp

Federal Realty is a bellwether in the strip-mall sector of the REIT industry. The company owns a highly concentrated and curated portfolio of properties.

A Buying Opportunity Is on the Horizon, According to This Dividend King

SITE Centers' (SITC) recent plans to spinoff its convenience assets portfolio, coupled with healthy retail real estate demand, drive its stock by 11.2% in the past month.

SITE Centers (SITC) Stock Rises 11.2% in a Month: Here's How

Site Centers, formerly known as DDR, is breaking its strip mall business in two via a taxable spinoff. As DDR, the REIT spun off a portfolio of less-desirable assets so it could refocus on its remaining properties.

You Can't Control Spinoffs, But You Can Control What You Do About Them

SITE Centers (SITC) under Fitch's "Rating Watch Positive" after it announces Convenience assets spin-off along with its Q3 results. A streamlined retail portfolio and lower leverage will aid growth.

Will Spin-Off Plans Help SITE Centers (SITC) Stock Trend Higher?

SITE Centers announces strong 3Q results and increased full year same store NOI guidance. The company divests 15% of its total asset base at a cap rate of 6.5% and plans to sell another 6% of assets. SITE Centers plans to spin off its convenience center assets, creating potential for long-term external growth.

SITE Centers: Asset Sales Highlight Extreme Undervaluation

Although the revenue and EPS for SITE CENTERS CORP. (SITC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

SITE CENTERS CORP. (SITC) Reports Q3 Earnings: What Key Metrics Have to Say

SITE CENTERS CORP. (SITC) came out with quarterly funds from operations (FFO) of $0.33 per share, beating the Zacks Consensus Estimate of $0.28 per share.

SITE CENTERS CORP. (SITC) Q3 FFO and Revenues Top Estimates

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (the “Company” or “SITE Centers”) (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced that the Company's Board of Directors has unanimously approved a plan to spin-off the Company's Convenience assets into a separate publicly-traded REIT to be named Curbline Properties Corp. (“Curbline Properties” or “CURB”). “We believe that the Convenience real estate sector offers attractive,.

SITE Centers Announces Spin-Off of Convenience Portfolio

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today operating results for the quarter ended September 30, 2023. “Third quarter results reflect a continuation of year-to-date trends including steady demand for vacant space in the Company's supply constrained markets and recycling of capital from highly leased properties into Convenience assets,” commented David R. Lukes, President.

SITE Centers Reports Third Quarter 2023 Results

Strip Center REITs have slightly outperformed the average REIT YTD, despite a challenging year for REITs as a whole. Strip Center REITs benefit from near-zero new development of shopping centers, high occupancy rates, and double-digit rent growth spreads. SITC has a strong balance sheet, and is enjoying double-digit leasing spreads, but pays a below-average dividend and has significant indebtedness problems.

SITE Centers: Holding Steady

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that financial and operational results for the quarter ended September 30, 2023 will be released prior to the market open on November 2, 2023. The Company will host its quarterly earnings conference call and audio webcast on November 2, 2023, at 8:00 a.m. Eastern Time. All interested parties can access the earnings call by diali.

SITE Centers' Third Quarter 2023 Earnings Conference Call to be Held on Thursday, November 2, 2023, at 8:00 a.m. Eastern Time

A well-located portfolio, focus on essential retail business and capital-recycling moves bode well for SITE Centers (SITC). However, rising e-commerce adoption and high interest rates are key woes.

Here's Why You Should Retain SITE Centers (SITC) Stock Now

Healthy leasing activity at its shopping centers amid solid retailer demand, focus on essential retail business and capital-recycling moves are likely to continue driving SITE Centers' (SITC) stock.

SITE Centers (SITC) Up 13.7% in 6 Months: Will the Trend Last?

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a dividend on its common stock of $0.13 per share for the third quarter of 2023. The dividend is payable on October 12, 2023 to shareholders of record at the close of business on September 26, 2023. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household incom.

SITE Centers Declares Common Stock Dividend of $0.13 for Third Quarter 2023

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its third quarter 2023 Preferred Class A stock dividend of $0.39844 per depositary share. Each Class A depositary share is equal to one-twentieth of a share of SITE Centers' 6.375% Class A Cumulative Redeemable Preferred Stock. The declared Preferred Class A dividend covers the period beginning July 15, 2023 and ending October 14.

SITE Centers Declares Third Quarter 2023 Class A Preferred Share Dividend

SITE Centers' (SITC) second-quarter results beat estimates. The performance is aided by growth in annualized base rent and healthy leasing activity.

News for SITE Centers Corp Stock (SITC)