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 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.
SITE Centers Corp. (NYSE:SITC) provided a preliminary update on its fourth quarter 2021 operations at the Capital One Securities REIT Conference. The company achieved over 870,000 square feet leased, marking its highest quarterly new leasing activity since 2018 at 275,000 square feet. The leased rate increased to 92.7% from 92.3% in the previous quarter, despite a negative impact from transaction activity. The leasing pipeline includes 18 anchors in advanced negotiations. The management presentation will be available online on January 10, 2022.
SITE Centers Corp. (NYSE: SITC) has declared a fourth-quarter 2021 Preferred Class A stock dividend of $0.39844 per depositary share, equivalent to one-twentieth of a share of its 6.375% Class A Cumulative Redeemable Preferred Stock. This dividend covers the period from October 15, 2021 to January 14, 2022, and will be paid on January 17, 2022, to shareholders on record as of December 30, 2021.
SITE Centers Corp. (NYSE: SITC) has declared a fourth-quarter common stock dividend of
As of September 30, 2021, SITE Centers Corp. (SITC) reported significant financial improvements with a net income of $25.3 million ($0.12 per diluted share), up from $2.2 million ($0.01 per diluted share) year-over-year. Key factors contributing to this increase included lower uncollectible revenue due to COVID-19, reduced general and administrative expenses, and gains from asset sales. Operating FFO rose to $61.4 million ($0.29 per diluted share). The leased rate increased to 92.3%, with strong leasing spreads. The Company received a $190 million dividend from Retail Value Inc., enhancing its growth prospects.
SITE Centers Corp. (NYSE: SITC) will release its financial results for the quarter ending September 30, 2021, prior to the market opening on October 25, 2021. The company will host a conference call at 8:00 a.m. Eastern Time on the same day, which can be accessed at 888-317-6003 (U.S.) or via webcast on its website. A replay will also be available after the call until November 25, 2021.
As an owner of open-air shopping centers, SITE Centers operates in high-income suburbs and is fully integrated as a real estate investment trust (REIT).
SITE Centers Corp. (NYSE: SITC) has declared a third-quarter common stock dividend of $0.12 per share, payable on October 8, 2021, to shareholders of record on September 24, 2021. The company owns and manages open-air shopping centers in affluent suburban areas and operates as a self-administered and self-managed REIT. Potential risks impacting the company include the ongoing effects of the COVID-19 pandemic on tenant operations and financial obligations, as well as market conditions affecting retail real estate space.
SITE Centers Corp. (NYSE: SITC) announced its third quarter 2021 Preferred Class A stock dividend of $0.39844 per depositary share, payable on October 15, 2021. The dividend applies to the period from July 15, 2021 to October 14, 2021, with shareholders of record as of September 29, 2021. Each depositary share represents one-twentieth of a share of the company's 6.375% Class A Cumulative Redeemable Preferred Stock. The company focuses on open-air shopping centers in affluent suburban areas.
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