SITC

BEACHWOOD, Ohio, May 07, 2026--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) announced today operating results for the quarter ended March 31, 2026. "Year to date, the Company has sold three properties for an aggregate gross sales price of approximately $85.6 million and sold its interests in the Deer Park joint venture for $20.8 million," commented David R. Lukes, President and Chief Executive Officer. "SITE Centers remains focused on maximizing the value of its remaining assets through additional asset sales and resolution of its investment in the DTP joint venture." Results for the First Quarter First quarter net income was $0.9 million, or $0.02 per diluted share, as compared to $3.1 million, or $0.06 per diluted share, in the year-ago period. The decrease year-over-year was primarily the result of impairment charges and lower Net Operating Income ("NOI") as a result of property dispositions offset by the gain on the sale of joint venture interests, increases on gain on disposition of real estate and interest income and decreases in interest expense, condemnation revenue and depreciation and amortization expense. First quarter operating funds from operations ("Operating FFO" or "OFFO") was a loss of $1.9 million, or a loss of $0.04 per diluted share, compared to income of $8.3 million, or income of $0.16 per diluted share, in the year-ago period. The decrease year-over-year was primarily the result of lower NOI as a result of property dispositions partially offset by a decrease in interest expense and an increase in interest income. Sold two properties for an aggregate price of $74.5 million, all prior to closing costs, prorations and other closing adjustments. Sold the Company's partnership interests in the RVIP IIIB joint venture that owns Deer Park Town Center (Deer Park, Illinois) to the existing joint venture partner for approximately $20.8 million, prior to closing costs. The Company held $193.5 million of unrestricted cash at March 31, 2026. The Company expects to maintain a higher cash balance pending the resolution of the DTP joint venture in order to maximize options to monetize its remaining joint venture investment. Significant First Quarter Activity and Key Operating Results Reported a leased rate of 85.9% at March 31, 2026 as compared to 87.8% at December 31, 2025 and 89.8% at March 31, 2025, all on a pro rata basis. The change in the le...

BEACHWOOD, Ohio, April 23, 2026--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) announced today that it intends to release its first quarter earnings after market close on Thursday, May 7, 2026. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here. View source version on businesswire.com: https://www.businesswire.com/news/home/20260423572609/en/ Contacts For additional information: Gerry Morgan, EVP and Chief Financial Officer 216-755-5500

BEACHWOOD, Ohio, February 26, 2026--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner and manager of open-air shopping centers, announced today operating results for the quarter ended December 31, 2025. "2025 proved to be an active year successfully realizing value and returning capital to shareholders. The Company sold 14 properties during the year for an aggregate price of $752.5 million, declared aggregate dividends of $6.75 per share and paid off all consolidated mortgage debt. All remaining wholly-owned retail real estate assets are in the process of being marketed for sale as the Company remains focused on maximizing value for shareholders," commented David R. Lukes, President and Chief Executive Officer. "Since the spinoff of Curbline Properties, SITE Centers has sold over 66% of the Company’s assets as measured by net operating income for the quarter ended December 31, 2024 on a pro rata basis and continues to make progress returning remaining capital to shareholders." Results for the Fourth Quarter Fourth quarter net income attributable to common shareholders was $134.4 million, or $2.55 per diluted share, as compared to a net loss of $13.2 million, or $0.25 per diluted share, in the year-ago period. The increase year-over-year was primarily the result of higher gain on sale from dispositions, a decrease in interest expense and a decrease in preferred dividend expense, partially offset by the net impact of property dispositions, an increase in impairment charges and an increase in debt extinguishment costs. Fourth quarter operating funds from operations attributable to common shareholders ("Operating FFO" or "OFFO") was $2.9 million, or $0.05 per diluted share, compared to $8.3 million, or $0.16 per diluted share, in the year-ago period. The decrease year-over-year was primarily the result of lower net operating income ("NOI") as a result of property dispositions, partially offset by decreased interest expense. Sold eight properties for an aggregate sales price of $380.0 million, all prior to closing costs, prorations and other closing adjustments. A portion of the net proceeds was used to repay $187.0 million of mortgage debt as well as a make-whole premium of approximately $7.0 million in connection with the Company’s repayment of the mortgage debt on Nassau Park Pavilion (Princeton, New Jersey). Acquired one land parcel from Curbline Pro...

BEACHWOOD, Ohio, February 11, 2026--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), announced today that it intends to release its fourth quarter earnings after market close on Thursday, February 26, 2026. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here. View source version on businesswire.com: https://www.businesswire.com/news/home/20260211911432/en/ Contacts For additional information: Gerry Morgan, EVP and Chief Financial Officer 216-755-5500

SITE Centers Corp. (NYSE:SITC) is included among the 13 Dividend Stocks with Over 8% Yield. On January 5, Piper Sandler analyst Alexander Goldfarb lowered SITE Centers Corp. (NYSE:SITC)’s price target to $8 from $10 and kept an Overweight rating on the stock. The firm said, “out with the old estimates and in with the new,” as it carried out its standard post-quarter update. This process mainly reflects recent company announcements and additional refinement of its Q3 2025 models. On January 16, the company announced the sale of its partnership interests in the RVIP IIIB joint venture, which owns Deer Park Town Center in Deer Park, Illinois. The stake is being sold to Site Centers’ existing joint venture partner for approximately $20.8 million, before closing costs. Earlier in December, Site Centers said it agreed to sell Perimeter Pointe in Atlanta for about $48.0 million, prior to closing costs, prorations, and other closing adjustments. The company noted that none of the proceeds were used to repay mortgage debt, as its existing mortgage facility had already been paid off in full on December 18, 2025. SITE Centers Corp. (NYSE:SITC) is an owner and operator of open-air shopping centers and operates as a self-administered, self-managed REIT with a fully integrated real estate platform. While we acknowledge the potential of SITC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 15 Best S&P 500 Dividend Stocks to Buy in 2026 and Retirement Stock Portfolio: 12 Low Risk Investments Disclosure: None.

BEACHWOOD, Ohio, November 05, 2025--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner and manager of open-air shopping centers, announced today operating results for the quarter ended September 30, 2025. "Year to date, the Company has sold seven properties for an aggregate price of $380.9 million and declared aggregate dividends of $5.75 per share. In addition, we have in excess of $292 million of properties under contract for sale for which the buyers’ general due diligence condition has expired, and are also in earlier stages of the marketing and negotiation process with additional properties," commented David R. Lukes, President and Chief Executive Officer. "SITE Centers remains focused on maximizing the value of its assets through continued leasing, asset management and potential additional asset sales." Results for the Third Quarter Third quarter net loss attributable to common shareholders was $6.2 million, or $0.13 per diluted share, as compared to net income of $320.2 million, or $6.07 per diluted share, in the year-ago period. The decrease year-over-year was primarily the result of impairments, lower gain on sale from dispositions, a decrease in rental income due to property dispositions and the Curbline spin-off in 2024 and a decrease in interest income, partially offset by a decrease in the write-off of fees related to a mortgage financing commitment, Curbline transaction costs, interest expense, preferred dividend expense and an increase in fee and other income. Third quarter operating funds from operations attributable to common shareholders ("Operating FFO" or "OFFO") was $5.6 million, or $0.11 per diluted share, compared to $42.8 million, or $0.81 per diluted share, in the year-ago period. The decrease year-over-year was primarily the result of lower net operating income ("NOI") as a result of property dispositions and the spin-off of Curbline Properties and lower interest income, partially offset by decreased interest expense, no preferred dividend expense and decreased debt related charges. Sold Sandy Plains Village (Roswell, GA) for $25.0 million, Winter Garden Village (Winter Garden, FL) for $165.0 million, Deer Valley Towne Center (Phoenix, AZ) for $33.7 million and Edgewater Towne Center (Edgewater, NJ) for $53.5 million, all prior to closing costs, prorations and other closing adjustments. A portion of net proceeds was used to...

This article first appeared on GuruFocus. SITE Centers Corp (NYSE:SITC) is set to release its Q3 2025 earnings on Nov 5, 2025. The consensus estimate for Q3 2025 revenue is $25.57 million, and the earnings are expected to come in at -$0.26 per share. The full year 2025's revenue is expected to be $115.06 million and the earnings are expected to be -$0.60 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 6 Warning Signs with SITC. Is SITC fairly valued? Test your thesis with our free DCF calculator. Revenue estimates for SITE Centers Corp (NYSE:SITC) have increased from $109.17 million to $115.06 million for the full year 2025 and increased from $115.62 million to $126.30 million for 2026 over the past 90 days. Earnings estimates for SITE Centers Corp (NYSE:SITC) have remained flat at -$0.60 per share for the full year 2025 and flat at -$0.43 per share for 2026 over the past 90 days. In the previous quarter of 2025-06-30, SITE Centers Corp's (NYSE:SITC) actual revenue was $31.11 million, which beat analysts' revenue expectations of $27.81 million by 11.87%. SITE Centers Corp's (NYSE:SITC) actual earnings were $0.88 per share, which beat analysts' earnings expectations of -$0.14 per share by 751.85%. After releasing the results, SITE Centers Corp (NYSE:SITC) was up by 0.79% in one day. Based on the one-year price targets offered by 4 analysts, the average target price for SITE Centers Corp (NYSE:SITC) is $12.00 with a high estimate of $14.50 and a low estimate of $9.50. The average target implies an upside of 63.93% from the current price of $7.32. Based on GuruFocus estimates, the estimated GF Value for SITE Centers Corp (NYSE:SITC) in one year is $4.47, suggesting a downside of -38.93% from the current price of $7.32. Based on the consensus recommendation from 4 brokerage firms, SITE Centers Corp's (NYSE:SITC) average brokerage recommendation is currently 2.8, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.

BEACHWOOD, Ohio, October 27, 2025--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), announced today that it intends to release its third quarter earnings after market close on Wednesday, November 5, 2025. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the NYSE under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here. View source version on businesswire.com: https://www.businesswire.com/news/home/20251027282511/en/ Contacts SITE Centers Corp. Gerry Morgan, EVP and Chief Financial Officer 216-755-5500

BEACHWOOD, Ohio, August 05, 2025--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers located primarily in suburban, high household income communities, announced today operating results for the quarter ended June 30, 2025. "The Company sold five properties over the past two months for an aggregate price of $319.0 million and declared aggregate dividends of $4.75 per share. In addition, we have in excess of $190 million of properties awarded to buyers for which due diligence has not yet expired, and are also in earlier stages of the marketing process with additional properties," commented David R. Lukes, President and Chief Executive Officer. "SITE Centers remains focused on maximizing the value of its assets through continued leasing, asset management and potential additional asset sales." Results for the Second Quarter Second quarter net income attributable to common shareholders was $46.5 million, or $0.88 per diluted share, as compared to net income of $235.5 million, or $4.45 per diluted share, in the year-ago period. The decrease year-over-year was primarily the result of lower gain on sale from dispositions, a decrease in rental revenue due to property dispositions and the Curbline spin-off in 2024 and a decrease in interest income, partially offset by a decrease in the write-off of fees related to a mortgage financing commitment, Curbline transaction costs, interest expense, preferred dividend expense and an increase in fee and other income. Second quarter operating funds from operations attributable to common shareholders ("Operating FFO" or "OFFO") was $8.3 million, or $0.16 per diluted share, compared to $55.9 million, or $1.06 per diluted share, in the year-ago period. The decrease year-over-year was primarily the result of lower NOI as a result of property dispositions and the spin-off of Curbline Properties and lower interest income partially offset by decreased interest expense, no preferred dividends and decreased debt related charges. Sold The Promenade at Brentwood (Brentwood, MO) for $71.6 million and Chapel Hills West (Colorado Springs, CO) for $23.7 million, both prior to closing costs, prorations and other closing adjustments. A portion of net proceeds were used to repay $13.9 million of mortgage debt. Significant Second Quarter Activity and Key Operating Results Paid a special cash distribution of $1....

SITE Centers Corp (NYSE:SITC) is set to release its Q2 2025 earnings on Aug 5, 2025. The consensus estimate for Q2 2025 revenue is $27.81 million, and the earnings are expected to come in at -$0.14 per share. The full-year 2025 revenue is expected to be $109.17 million, and the earnings are expected to be -$0.52 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 7 Warning Signs with SITC. Revenue estimates for SITE Centers Corp (NYSE:SITC) have declined from $181.35 million to $109.17 million for the full year 2025 and from $128.42 million to $115.62 million for 2026 over the past 90 days. Earnings estimates have improved from -$0.55 per share to -$0.52 per share for 2025 and remained flat at -$0.43 per share for 2026 over the past 90 days. In the previous quarter of 2025-03-31, SITE Centers Corp's (NYSE:SITC) actual revenue was $40.35 million, which beat analysts' revenue expectations of $28.89 million by 39.65%. SITE Centers Corp's (NYSE:SITC) actual earnings were $0.06 per share, which beat analysts' earnings expectations of -$0.11 per share by 154.55%. After releasing the results, SITE Centers Corp (NYSE:SITC) was flat in one day. Based on the one-year price targets offered by 4 analysts, the average target price for SITE Centers Corp (NYSE:SITC) is $14.38, with a high estimate of $16 and a low estimate of $12. The average target implies an upside of 35.23% from the current price of $10.63. Based on GuruFocus estimates, the estimated GF Value for SITE Centers Corp (NYSE:SITC) in one year is $5.08, suggesting a downside of -52.21% from the current price of $10.63. Based on the consensus recommendation from 5 brokerage firms, SITE Centers Corp's (NYSE:SITC) average brokerage recommendation is currently 2.8, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental dat...

BEACHWOOD, Ohio, July 28, 2025--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), announced today that it intends to release its second quarter earnings after market close on Tuesday, August 5, 2025. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers primarily located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the NYSE under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here. View source version on businesswire.com: https://www.businesswire.com/news/home/20250728599123/en/ Contacts Gerry Morgan, EVP and Chief Financial Officer 216-755-5500

BEACHWOOD, Ohio, May 07, 2025--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers located primarily in suburban, high household income communities, announced today operating results for the quarter ended March 31, 2025. "SITE Centers continues to see strong demand from private and institutional investors seeking to acquire high-quality, open-air shopping centers consistent with the Company’s portfolio. The Company currently has two properties with an aggregate price of $95.3 million under contract for sale subject to standard closing conditions with an additional group of properties in various stages of contract negotiations or in the marketing process in excess of $350.0 million," commented David R. Lukes, President and Chief Executive Officer. "SITE Centers remains focused on maximizing the value of its assets through continued leasing, asset management and potential additional asset sales." Results for the First Quarter First quarter net income attributable to common shareholders was $3.1 million, or $0.06 per diluted share, as compared to net loss of $26.3 million, or $0.51 per diluted share, in the year-ago period. The increase year-over-year was primarily the result of an increase in other property revenues and a decrease in impairments and interest expense offset by the result of the spin-off of Curbline Properties Corp. ("Curbline" or "Curbline Properties") (NYSE: CURB), lower Net Operating Income ("NOI") as a result of property dispositions, lower gain on sale from dispositions, and lower interest income. First quarter operating funds from operations attributable to common shareholders ("Operating FFO" or "OFFO") was $8.3 million, or $0.16 per diluted share, compared to $59.8 million, or $1.14 per diluted share, in the year-ago period. The decrease year-over-year was primarily the result of the spin-off of Curbline Properties, lower NOI as a result of property dispositions and lower interest income offset by decreased interest expense, no preferred dividends and decreased debt related charges. Significant First Quarter Activity and Key Operating Results Recorded $8.4 million of other property revenues in conjunction with the resolution of a condemnation proceeding with the State of Florida relating to business damages and compensation for land taken in 2022 at the Shoppes at Paradise Pointe. Cash of $3.8 million...