SITE Centers Remains A Solid Investment Even After The Spinoff [Seeking Alpha]
SITE Centers Corp. (SITC)
Last site centers corp. earnings: 4/30 06:30 am
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Source: Seeking Alpha
SITC's past 5 years show they know how to make money (an improving F-Score). SITE Centers Corp. remains adaptable to the retail environment and is actively pursuing growth opportunities. SITE Centers Corp. ( NYSE: SITC ) is a publicly traded real estate investment trust that invests in open-air retail centers across the US. It currently has a portfolio of 136 properties across the country and plans to spin off at least 65 properties into a new REIT, called Curbline. The spinoff is anticipated to happen late in 2024. Post-spinoff, I believe SITE Centers Corp. will continue to operate profitably by buying new assets in high-income neighborhoods, and also management's ability to increase value where others may not see it yet. The Curbline Spin In October 2023, SITC had announced plans to spin off a new REIT. Before this, it had spent 2 years taking some of its existing assets and parceling out a few of its stores to spin off into Curbline. The creation of Curbline was to all
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SITC
News
- SITE Centers' First Quarter 2024 Earnings Conference Call to be Held on Tuesday, April 30, 2024, at 8:00 a.m. Eastern Time [Yahoo! Finance]Yahoo! Finance
- SITE Centers’ First Quarter 2024 Earnings Conference Call to be Held on Tuesday, April 30, 2024, at 8:00 a.m. Eastern TimeBusiness Wire
- SITE Centers Corp. (NYSE: SITC) had its "overweight" rating re-affirmed by analysts at Wells Fargo & Company. They now have a $15.50 price target on the stock.MarketBeat
- Retail REITs' exposure to struggling Joann 'relatively low,' Wells Fargo says [Seeking Alpha]Seeking Alpha
- SITE Centers Declares First Quarter 2024 Class A Preferred Share Dividend [Yahoo! Finance]Yahoo! Finance
SITC
Earnings
- 2/13/24 - In-Line
SITC
Sec Filings
- 4/18/24 - Form 3/A
- 4/2/24 - Form ARS
- 4/2/24 - Form DEF
- SITC's page on the SEC website