SITE Centers (SITC) Stock Declines Despite Q1 OFFO Beat [Yahoo! Finance]
SITE Centers Corp. (SITC)
Last site centers corp. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
from operations (OFFO) per share of 28 cents, which beat the Zacks Consensus Estimate of 24 cents. Results reflected better-than-anticipated revenues on a rise in base rent per square foot and same-store net operating income (NOI). SITE Centers generated revenues of $120.6 million in the reported quarter, outpacing the Zacks Consensus Estimate of $119.6 million. On a year-over-year basis, the top line declined 11.8% and OFFO per share fell 6.7%. Per David R. Lukes, president and CEO of SITC, “SITE Centers made additional progress on the announced planned spin-off of the Company's Convenience assets in the first quarter highlighted by $189 million of year-to-date transaction activity and remains on track to form and scale what is expected to be the first public real estate company focused exclusively on Convenience properties.” Quarter in Detail SITC reported a leased rate of 94.2% on a pro-rata basis as of Mar 31, 2024, down from 94.5% as of Dec 31, 2023. The figure compar
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SITC
News
- Should You Retain SITE Centers (SITC) in Your Portfolio Now? [Yahoo! Finance]Yahoo! Finance
- SITE Centers Declares Common Stock Dividend of $0.13 for Second Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- SITE Centers Declares Common Stock Dividend of $0.13 for Second Quarter 2024Business Wire
- SITE Centers Corp. (NYSE:SITC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- SITE Centers Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
SITC
Earnings
- 4/30/24 - Beat
SITC
Sec Filings
- 5/14/24 - Form 4
- 5/9/24 - Form 8-K
- 5/1/24 - Form 10-Q
- SITC's page on the SEC website