Site Ctrs Corp Stock Price, News & Analysis

SITE Centers Corp. (NYSE: SITC) has announced the tax allocations for 2022 distributions on its common and preferred shares. Shareholders should refer to Form 1099-DIV for details on allocations, which must be reported on their 2022 federal income tax returns. Key dates include the common share distribution on January 5, 2022, which is included in the 2022 allocations, while January 6, 2023's distribution will be allocated for 2023. Total distributions for common shares reached $0.510000 per share, while preferred shares totaled $1.593760. For more details, visit SITE Centers' website.

SITE Centers Corp. (NYSE: SITC) announced the sale of 4 shopping centers and 1 parcel totaling $166.3 million in Q4 2022. Proceeds funded $28.8 million in share repurchases at an average price of $13.33 per share, a $5.8 million acquisition, and debt repayment. The company also acquired 2 Convenience properties post-year end for $26.1 million. CEO David R. Lukes stated the sales enhance the balance sheet and growth potential. SITE Centers continues to seek investment opportunities throughout the year.

SITE Centers Corp. (NYSE: SITC) has announced a new $100 million stock repurchase program, following the exhaustion of its prior program in December, which used $22.2 million from property sales. The company intends to employ various methods for share repurchases, including open market transactions and accelerated repurchases. Timing will rely on market conditions, and the program could be paused at any time.

SITE Centers is a REIT focused on open-air shopping centers in affluent suburban areas.

SITE Centers Corp. (NYSE: SITC) has declared its fourth-quarter 2022 Preferred Class A stock dividend of $0.39844 per depositary share. This dividend applies to the period from October 15, 2022 to January 14, 2023, and will be paid on January 17, 2023 to shareholders on record as of December 30, 2022. Each Class A depositary share represents one-twentieth of a share of the company’s 6.375% Class A Cumulative Redeemable Preferred Stock, reflecting the company's commitment to providing income to its stakeholders.

SITE Centers Corp. (NYSE: SITC) has declared a dividend of $0.13 per share for Q4 2022. This dividend is scheduled to be paid on January 6, 2023 to shareholders recorded by December 9, 2022. As a self-managed REIT, SITE Centers specializes in owning and managing open-air shopping centers in affluent suburban areas, reinforcing its commitment to delivering value to shareholders.

SITE Centers Corp. (NYSE: SITC) reported strong third-quarter results for the period ending September 30, 2022. Net income attributable to common shareholders was $63.4 million, or $0.30 per diluted share, significantly up from $25.3 million, or $0.12 per diluted share, in the previous year. Operating FFO was stable at $62.8 million, or $0.29 per diluted share. The company's leasing performance improved, with a leased rate of 95.0%. Notably, SITE Centers acquired five convenience shopping centers for $31.4 million and sold 15 centers for $450.6 million, enhancing their portfolio and balance sheet.

SITE Centers Corp. (NYSE: SITC) will announce its financial results for Q3 2022 on October 25, 2022, before market open. An earnings call will be held at 8:30 a.m. Eastern Time on the same day, accessible via phone and a live webcast. A replay will also be available, ensuring stakeholders have access to the information. The company specializes in managing open-air shopping centers in affluent suburban areas and operates as a self-managed REIT.

SITE Centers Corp. declared a dividend of $0.13 per share for Q3 2022, payable on October 7, 2022, to shareholders recorded by September 20, 2022. The company focuses on owning and managing open-air shopping centers in affluent suburban areas as a self-administered and self-managed REIT. This dividend reflects the company's commitment to returning value to shareholders amidst a stable operational framework.

SITE Centers Corp. (NYSE: SITC) has declared a third quarter 2022 dividend of $0.39844 per depositary share of its Preferred Class A stock. This dividend pertains to the period from July 15, 2022 to October 14, 2022, and will be payable on October 17, 2022 to shareholders on record as of September 29, 2022. Each Class A depositary share represents one-twentieth of a share of the company’s 6.375% Class A Cumulative Redeemable Preferred Stock.