Welcome to our dedicated page for Site Ctrs news (Ticker: SITC), a resource for investors and traders seeking the latest updates and insights on Site Ctrs stock.
SITE Centers Corp. (NYSE: SITC) is a self-administered and self-managed REIT that owns and manages open-air shopping centers. The company’s news flow in recent periods has been dominated by announcements related to property sales, special distributions, and its broader plan to sell remaining assets and wind up its business. Investors following SITC news can track how the company executes on this disposition strategy and how proceeds are allocated between debt repayment and shareholder distributions.
Recent SITE Centers news releases highlight the sale of multiple retail properties across several U.S. markets, including assets such as Winter Garden Village, East Hanover Plaza, Southmont Plaza, Stow Community Center, Nassau Park Pavilion, Paradise Village Gateway, Parker Pavilions, Downtown Short Pump and Perimeter Pointe. Many of these announcements specify sale prices, closing conditions and the use of proceeds to repay mortgage indebtedness or other loan facilities. Other news items describe special cash distributions on the company’s common shares, reflecting the return of capital generated by these transactions.
In addition to individual property transactions, SITE Centers issues quarterly earnings and operating updates that summarize disposition activity, leasing performance and key financial metrics such as net income, Operating Funds From Operations (Operating FFO) and Net Operating Income (NOI). These releases also discuss the impact of the spin-off of Curbline Properties and the classification of those assets as discontinued operations in prior periods.
For investors and analysts, the SITC news page provides a centralized view of SITE Centers’ progress in selling its open-air shopping centers, managing its capital structure and advancing its stated wind-up plan. Regularly reviewing these updates can help market participants understand the timing and scale of property sales, changes in the remaining portfolio and the pattern of special distributions to shareholders.
SITE Centers (NYSE: SITC) announced the tax allocations for its 2025 common-share distributions. The company reports Total Distributions of $6.750000 per share for 2025, composed of Total Capital Gain Distributions $3.386866 and Return of Capital $3.363134. Ordinary dividends are reported as $0.000000. The release lists four distribution payments with record/payable dates in 2025 and an Unrecaptured Sec. 1250 Gain of $3.236347 per share. Shareholders should use the Form 1099-DIV and these per-share allocations to report 2025 federal income tax returns.
SITE Centers (NYSE: SITC) announced the sale of its partnership interests in the RVIP IIIB joint venture that owns Deer Park Town Center in Deer Park, Illinois. The interests were sold to the company’s existing joint venture partner for approximately $20.8 million, prior to closing costs.
SITE Centers (NYSE: SITC) announced the sale of Perimeter Pointe (Atlanta, GA) for approximately $48.0 million, before closing costs, prorations and other closing adjustments. The company stated that no proceeds from this sale were used to repay mortgage debt because it repaid its existing mortgage facility in full on December 18, 2025.
SITE Centers (NYSE: SITC) announced the sale of Downtown Short Pump in Richmond, VA for approximately $31.5 million, reported prior to closing costs, prorations and other closing adjustments.
The company said a portion of net proceeds was used to repay approximately $20.1 million of mortgage debt, reducing secured liabilities on the asset.
SITE Centers (NYSE: SITC) provided an update on disposition activity and a go-forward plan to monetize its retail portfolio.
The company has sold $3.7 billion of assets since the 2023 spin-off announcement, representing 64 retail properties and one land parcel, and has declared over $380 million of special dividend distributions (~$7.39 per share). Shares of distributed Curbline Properties have outperformed the FTSE NAREIT Shopping Center Index by > 1,550 basis points.
As of Dec 4, 2025, SITE owns 11 wholly-owned and holds interests in 11 JV properties; remaining properties are being marketed subject to market conditions. The board expects further distributions, may voluntarily delist before forced delisting, and anticipates filing for dissolution after monetization, starting a five-year wind-up.
SITE Centers (NYSE: SITC) announced a $1.00 per share special cash distribution payable on December 30, 2025 to shareholders of record at the close of business on December 15, 2025. The company also said it will use approximately $84.1 million of cash on hand to repay in full a mortgage facility with affiliates of Atlas SP Partners, L.P. and Athene Annuity and Life Company.
The actions combine a one-time shareholder payout with a deliberate reduction of debt on the company balance sheet.
SITE Centers (NYSE: SITC) announced on November 21, 2025 the completion of previously announced sales of four retail properties.
The company sold East Hanover Plaza, Southmont Plaza, and Stow Community Center for approximately $126.0 million (subject to closing adjustments) and sold Nassau Park Pavilion for approximately $137.6 million in cash (subject to closing adjustments).
At closing, the company used about $38.2 million of proceeds to repay mortgage indebtedness for the first three assets, and applied about $98.4 million to fully repay the Nassau Park mortgage plus a $7.0 million make-whole premium.
SITE Centers (NYSE: SITC) announced the sale of Paradise Village Gateway in Phoenix, AZ for $28.5 million, before closing costs, prorations and other closing adjustments.
A portion of the net proceeds was used to repay $24.3 million of mortgage debt.
SITE Centers (NYSE: SITC) reported results for the quarter ended September 30, 2025. Q3 net loss was $6.2 million, or $0.13 per diluted share, versus prior-year net income of $320.2 million, or $6.07 per diluted share. Operating FFO was $5.6 million, or $0.11 per diluted share, versus $42.8 million, or $0.81 per diluted share a year earlier.
Year to date the company sold seven properties for $380.9 million, declared aggregate dividends of $5.75 per share, and has in excess of $292 million of properties under contract for sale. The company recorded $106.6 million of impairments and reported a pro rata leased rate of 87.6% at September 30, 2025.
SITE Centers (NYSE: SITC) announced on November 3, 2025 the sale of Parker Pavilions in Parker, Colorado for approximately $8.4 million, before closing costs, prorations and other closing adjustments.
A portion of net proceeds was used to repay approximately $6.1 million of mortgage debt.
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