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Stock impact report

SITE Centers Reports Fourth Quarter and Year-End 2020 Operating Results

SITE Centers Corp. (SITC) 
Last site centers corp. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Business Wire
BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE:SITC) today announced operating results for the quarter and year ended December 31, 2020.“Leasing activity and collections momentum continued to build through year-end and we are encouraged by the pace of recovery in our operations,” commented David R. Lukes, President and Chief Executive Officer. “This level of activity, coupled with our financial position, with no material near-term maturities or capital commitments, and our focused portfolio targeting the highest household income communities in the United States gives me confidence in our Company’s outlook for sustainable growth.”Results for the QuarterFourth quarter net loss attributable to common shareholders was $6.4 million, or $0.03 per diluted share, as compared to net income of $9.7 million, or $0.05 per diluted share, in the year-ago period. The year-over-year decrease in net income was primarily attributable to the impact of the COVID-19 pandemic and lower join Show less Read more
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