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SITE Centers Corp. Common Shares - SITC STOCK NEWS

Welcome to our dedicated page for SITE Centers Common Shares news (Ticker: SITC), a resource for investors and traders seeking the latest updates and insights on SITE Centers Common Shares stock.

SITE Centers Corp. (SITC) is a leading United States-based self-administered and self-managed real estate investment trust (REIT). Operating as a fully integrated real estate company, SITE Centers Corp. excels in owning, leasing, acquiring, redeveloping, and managing high-quality shopping centers. The company’s portfolio is strategically concentrated in high barrier-to-entry markets with stable populations and high growth potential, including top markets across the United States and Puerto Rico.

Known for its value-oriented approach, SITE Centers Corp. actively manages its assets to create long-term shareholder value. Recent achievements have seen the company working on multiple redevelopment projects aimed at enhancing the shopping experience and increasing operational efficiency. With a solid financial condition, the company continues to seek opportunities for growth through acquisitions and strategic partnerships.

Publicly traded on the New York Stock Exchange under the ticker symbol SITC, SITE Centers Corp. remains committed to delivering value to its investors. For additional information and the latest updates, you can visit their official website at www.ddr.com.

News

SITE Centers Reports Third Quarter 2023 Results

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SITE Centers Corp. (NYSE: SITC) reported third-quarter operating results, with net income of $45.9 million, down from $63.4 million in the year-ago period. Operating funds from operations (OFFO) increased to $69.9 million from $62.8 million. The company sold 11 shopping centers for $645.6 million and acquired three convenience shopping centers for $28.1 million during the quarter. Quarterly same-store net operating income (SSNOI) increased by 2.9% compared to the previous year. The leased rate was 94.6% at the end of the quarter. The company updated its full-year guidance for net income and OFFO per share.
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SITE Centers Announces Spin-Off of Convenience Portfolio

Rhea-AI Summary
SITE Centers Corp. plans to spin-off its Convenience assets into a separate publicly-traded REIT named Curbline Properties Corp. The spin-off will unlock a unique, focused growth company in the Convenience sector. Curbline Properties is expected to have a net cash, debt-free position and limited capital needs, allowing for significant asset growth. SITE Centers will continue to maximize value through leasing and redevelopment efforts. The Company obtained a $1.1B financing commitment and expects to repay all outstanding unsecured debt. SITE Centers also declared a Q4 dividend of $0.13 per share and expects to declare a special cash dividend of at least $0.10 per share. The spin-off is expected to be completed in the second half of 2024.
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SITE Centers’ Third Quarter 2023 Earnings Conference Call to be Held on Thursday, November 2, 2023, at 8:00 a.m. Eastern Time

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SITE Centers Corp. to release financial and operational results for Q3 2023 on November 2, 2023
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SITE Centers Declares Common Stock Dividend of $0.13 for Third Quarter 2023

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SITE Centers Corp. declares dividend of $0.13 per share for Q3 2023.
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SITE Centers Declares Third Quarter 2023 Class A Preferred Share Dividend

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SITE Centers Corp. declares Q3 2023 Preferred Class A stock dividend of $0.39844 per depositary share.
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SITE Centers Reports Second Quarter 2023 Results

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SITE Centers Corp. announces Q2 2023 operating results, with net income of $2.6 million compared to $57.6 million in the year-ago period. The company acquired three shopping centers and sold two during the quarter. They also repurchased Operating Partnership units and reported an increase in same-store net operating income.
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SITE Centers’ Second Quarter 2023 Earnings Conference Call to be Held on Tuesday, July 25, 2023, at 8:00 a.m. Eastern Time

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SITE Centers Issues 2022 Corporate Sustainability Report

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SITE Centers Declares Second Quarter 2023 Class A Preferred Share Dividend

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

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FAQ

What is the current stock price of SITE Centers Common Shares (SITC)?

The current stock price of SITE Centers Common Shares (SITC) is $14.8 as of January 29, 2025.

What is the market cap of SITE Centers Common Shares (SITC)?

The market cap of SITE Centers Common Shares (SITC) is approximately 799.6M.

What does SITE Centers Corp. specialize in?

SITE Centers Corp. specializes in owning, leasing, acquiring, redeveloping, and managing high-quality shopping centers.

Where are SITE Centers Corp.'s properties located?

SITE Centers Corp.'s properties are located in top markets across the United States and Puerto Rico.

What is the ticker symbol for SITE Centers Corp. on the New York Stock Exchange?

The ticker symbol for SITE Centers Corp. on the New York Stock Exchange is SITC.

How does SITE Centers Corp. create long-term shareholder value?

SITE Centers Corp. creates long-term shareholder value by actively managing its assets, focusing on high-growth markets, and engaging in redevelopments and acquisitions.

Is SITE Centers Corp. a self-managed company?

Yes, SITE Centers Corp. is a self-administered and self-managed real estate investment trust (REIT).

What recent projects has SITE Centers Corp. undertaken?

SITE Centers Corp. has been involved in various redevelopment projects aimed at enhancing shopping experiences and operational efficiency.

How can I get more information about SITE Centers Corp.?

You can visit their official website at www.ddr.com for more information.

What are the growth strategies of SITE Centers Corp.?

SITE Centers Corp.'s growth strategies include acquiring new properties, redeveloping existing assets, and forming strategic partnerships.

How does SITE Centers Corp. select its property markets?

SITE Centers Corp. selects property markets that have high barriers to entry, stable populations, and high growth potential.

What type of real estate company is SITE Centers Corp.?

SITE Centers Corp. is a fully integrated real estate investment trust (REIT).
Stock SITC logo
SITE Centers Corp. Common Shares

NYSE:SITC

SITC Rankings

#2740 Ranked by Market Cap
#903 Ranked by Dividends

SITC Stock Data

799.56M
49.35M
5.99%
99.49%
8.34%
REIT - Retail
Real Estate Investment Trusts
Link
United States of America
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