Retail REITs' exposure to struggling Joann 'relatively low,' Wells Fargo says [Seeking Alpha]
SITE Centers Corp. (SITC)
Last site centers corp. earnings: 4/30 06:30 am
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Source: Seeking Alpha
SITE Centers Corp. ( NYSE: SITC ) has the largest JOANN exposure at about 80 basis points, analyst Dori Kesten wrote in a note, followed by Retail Opportunity Investments Corp. ( NASDAQ: ROIC ), Brixmor Property Group ( NYSE: BRX ) and Kimco Realty ( NYSE: KIM ) at ~50 bps each. The smallest exposures within Wells Fargo's coverage include Federal Realty Investment Trust ( NYSE: FRT ), Regency Centers ( NASDAQ: REG ) and InvenTrust Properties ( NYSE: IVT ) at 10-20 bps each. A Joann ( JOAN ) bankruptcy filing could occur as early as this week, Bloomberg had reported. The expected disruption from such a move likely is fully priced in in the aforementioned REITs' FFO per share guidance ranges for 2024, Kesten contended. Meanwhile, SA's Quant system gives Netstreit ( NYSE: NTST ) the highest rating among retail REITs, followed by Phillips Edison & Company ( NASDAQ: PECO ) and InvenTrust Properties ( IVT Recommended For You Recommended For You Related Stocks Most Active In
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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
- SITE Centers Declares First Quarter 2024 Class A Preferred Share Dividend [Yahoo! Finance]Yahoo! Finance
- SITE Centers Declares First Quarter 2024 Class A Preferred Share DividendBusiness Wire
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