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.
SITE Centers Corp. (NYSE: SITC) has declared a second quarter 2022 Preferred Class A stock dividend of $0.39844 per depositary share, effective for the period from April 15, 2022 to July 14, 2022. This dividend is payable on July 15, 2022, to shareholders of record as of June 29, 2022. The preferred shares represent one-twentieth of a share of SITE Centers’ 6.375% Class A Cumulative Redeemable Preferred Stock, signaling the company's commitment to returning value to its investors.
SITE Centers Corp. (NYSE: SITC) has declared a dividend of $0.13 per share for Q2 2022. This dividend will be payable on July 6, 2022 to shareholders on record as of June 9, 2022. As a self-administered and self-managed REIT, SITE Centers focuses on open-air shopping centers in affluent suburban areas. The company aims to enhance shareholder value through sustainable income distributions.
SITE Centers Corp. (NYSE: SITC) reported strong first-quarter results for 2022, with a net income of $11.1 million, or $0.05 per diluted share, compared to $10.9 million a year prior. Operating FFO rose to $61.6 million, or $0.29 per diluted share, up from $55.3 million. The company acquired three shopping centers for $140.1 million and sold shares worth $35.1 million. The leased rate increased to 93.2%, and SSNOI grew by 2.9%. The updated 2022 guidance estimates net income at $0.17-$0.24 per share and Operating FFO at $1.10-$1.15 per share.
SITE Centers Corp. (NYSE: SITC) will release its financial and operational results for Q1 2022 on April 26, 2022, before market open. The earnings conference call is scheduled for the same day at 8:00 a.m. ET. Interested parties can join the call via telephone or listen through a webcast on SITE Centers’ website. For those unable to attend, a replay will be available until May 26, 2022. SITE Centers operates open-air shopping centers in affluent suburban areas and is a self-administered REIT.
SITE Centers Corp. (NYSE:SITC) announced its participation in the 2022 Citi Global Property CEO Conference from March 6 to March 9, 2022 in Hollywood, Florida. CEO David R. Lukes will present on March 7, 2022, at 1:15 p.m. Eastern Time. Investors can access the presentation via an audio-webcast here. A written presentation will be available on the company's website on the same date.
SITE Centers Corp. (NYSE: SITC) announced a Preferred Class A stock dividend of
SITE Centers Corp. (NYSE: SITC) has declared a first quarter 2022 dividend of
SITE Centers is renowned for owning and managing open-air shopping centers in affluent suburban areas and operates as a fully integrated real estate investment trust (REIT).
SITE Centers Corp. (NYSE: SITC) announced strong operating results for Q4 and FY 2021, with Q4 net income of $56.2 million ($0.26/share) compared to a loss in the previous year. Full-year net income was $106.1 million ($0.51/share), driven by increased property revenue and acquisitions. The company reported a rise in Operating FFO to $63.8 million ($0.30/share) for Q4 and $1.17/share for the year. Significant acquisitions include an 80% interest in six assets for $107.2 million and a joint venture buyout for $15.1 million. Guidance for 2022 estimates net income between $0.19 to $0.26/share.
SITE Centers Corp. (NYSE: SITC) will release its financial and operational results for Q4 2021 on February 9, 2022, before market open. The company will also host a quarterly earnings conference call at 8:30 a.m. ET on the same day. Interested parties can join the call via telephone or listen through a webcast on the company's website. A replay will be available post-call. SITE Centers is a self-managed REIT specializing in open-air shopping centers situated in affluent suburban areas.
SITE Centers (NYSE: SITC) has announced the tax allocations of its 2021 distributions for common and preferred shares. Shareholders are advised to refer to Form 1099-DIV for accurate reporting on their federal income tax returns. Notably, the common share distributions included amounts from early January 2021 and will impact the 2021 tax assessments. Dividends paid per common share totaled $0.4000, while Preferred Class A and K Depositary Shares saw total dividends of $1.59376 and $0.36020, respectively.
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