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0 -0.00141894288754875 -0.001773678609436 -0.00425682866264636 0.00283788577509762 0.00815892160340548 0.0085136573252926 0.00993260021284147
Stock impact report

SITE Centers (SITC) Stock Rises as Q4 OFFO Meets Estimates [Yahoo! Finance]

SITE Centers Corp. (SITC) 
Last site centers corp. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Results reflected lower-than-anticipated revenues despite a decent rise in base rent per square foot and same-store net operating income (NOI). Reflecting positive sentiments, shares of the company gained 1.51% in the Feb 13 regular trading session on the NYSE. It continued the rally of 3.12% in the after-hours market trading. SITE Centers generated revenues of $123.2 million in the reported quarter, missing the Zacks Consensus Estimate of $131.7 million. On a year-over-year basis, the top line declined 9.7%, and OFFO per share fell 10.3%. Per David R. Lukes, president and CEO of SITC, “We are well underway on the timeline to form and scale the first public real estate company focused exclusively on Convenience properties and remain excited by the prospects and opportunity set. Additionally, we believe the transactions closed or announced in the last three months, along with the significant disposition activity in process, position both SITE Centers and Curbline Properties to c Show less Read more
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