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 (SITC) is a self-managed retail REIT specializing in strategically located shopping centers across prime U.S. markets. This page serves as the definitive source for all official company updates and market-moving developments.
Investors and analysts will find timely access to earnings reports, property acquisitions, and redevelopment initiatives that shape SITC's portfolio strategy. Our curated news collection provides essential context on lease agreements, operational milestones, and management commentary critical for informed decision-making.
All content undergoes rigorous verification to ensure accuracy, with updates on:
• Quarterly financial performance
• Strategic property transactions
• Tenant mix enhancements
• Capital allocation decisions
Bookmark this page for direct access to SITC's evolving retail real estate strategy, with new updates added as company releases become available.
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.
SITE Centers Corp. (NYSE: SITC) reported strong second-quarter results for 2021 with a net income of $13.8 million, reversing a loss from the previous year. This positive outcome reflects improved collections and increased leasing activity, along with nearly $50 million invested in new acquisitions. Operating funds from operations rose to $65.3 million. The company also reported a 29.9% increase in Same Store NOI and a leased rate of 91.8%. However, guidance for 2021 shows updated net income estimates reflecting operational changes and improved forecasts for FFO and Operating FFO.
SITE Centers Corp. (NYSE: SITC) will announce its financial results for the quarter ending June 30, 2021, before the market opens on July 29, 2021. The Company will hold a conference call at 10:00 a.m. ET the same day to discuss these results. Interested participants can listen in via phone or webcast. A replay will also be available post-call. SITE Centers focuses on owning and managing open-air shopping centers in suburban areas with high household incomes, functioning as a self-managed real estate investment trust.
SITE Centers Corp. (NYSE: SITC) announced its Q2 2021 operational update and the acquisition of Shoppes at Addison Place in Delray Beach, FL for $40 million. The acquisition aligns with the company's strategy to invest in convenience-oriented properties in high-income communities. As of June 2, 2021, the company achieved impressive rent collections, with 98% and 97% of aggregate base rents paid for April and May 2021, respectively, and 99.8% of tenants operational. This reflects a positive trend in leasing and collections after a strong Q1.
SITE Centers Corp. (NYSE: SITC) announced that CEO David Lukes will present at Nareit’s REITweek: Virtual Investor Conference on June 8, 2021, at 8:00 a.m. Eastern Time. Investors can access the live presentation or replay by registering online. The presentation materials will also be available on the Company’s investor relations website. SITE Centers is a self-administered REIT that owns and manages open-air shopping centers in suburban, affluent areas. For further details, visit the Company’s website.
SITE Centers Corp. (NYSE: SITC) announced a second quarter 2021 Preferred Class A stock dividend of $0.39844 per depositary share, payable on July 15, 2021. This dividend corresponds to the period from April 15 to July 14, 2021, with shareholders of record on June 29, 2021, eligible for payment. Each depositary share represents one-twentieth of a share of the company's 6.375% Class A Cumulative Redeemable Preferred Stock. SITE Centers manages open-air shopping centers in affluent suburban areas.
SITE Centers Corp. (NYSE: SITC) announced a second quarter 2021 common stock dividend of $0.12 per share, marking a 9% increase from the first quarter. Shareholders on record by June 10, 2021 will receive the dividend on July 2, 2021. This dividend reflects the company's commitment to returning value to shareholders despite the challenges posed by market conditions and the COVID-19 pandemic.
SITE Centers Corp. (NYSE: SITC) reported Q1 2021 net income of $10.9 million ($0.05 per diluted share), down from $29.2 million ($0.15 per diluted share) year-over-year, largely due to the COVID-19 pandemic's impact. Operating FFO was $55.3 million ($0.28 per diluted share), a decrease from $61.2 million ($0.32 per diluted share). The company raised over $200 million in growth capital and reported a leased rate of 91.4%. As of April 16, 2021, 99% of tenants were operational, with rent collection at 96% for Q1 2021.
FAQ
What is the current stock price of Site Ctrs (SITC)?
What is the market cap of Site Ctrs (SITC)?
