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) 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.
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.
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