SITE Centers Corp.

SITC

US82981J1097

Commercial REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
13.48 ^USD	-1.03%		-1.25%	-1.10%

Apr. 23	Morgan Stanley Trims Price Target on SITE Centers to $14 From $14.50, Keeps Equalweight Rating	MT
Mar. 13	SITE Centers Corp. Appoints Christina M. Yarian as Senior Vice President and Chief Accounting Officer	CI

SITE Centers Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 30, 2023 at 04:35 pm EDT

SITE Centers Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 142.5 million compared to USD 135.12 million a year ago. Net income was USD 48.64 million compared to USD 66.2 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.3 a year ago.
For the nine months, sales was USD 414.32 million compared to USD 401.21 million a year ago. Net income was USD 69.28 million compared to USD 140.52 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.62 a year ago.

Latest news about SITE Centers Corp.

Morgan Stanley Trims Price Target on SITE Centers to $14 From $14.50, Keeps Equalweight Rating	Apr. 23	MT
SITE Centers Corp. Appoints Christina M. Yarian as Senior Vice President and Chief Accounting Officer	Mar. 13	CI
SITE Centers Corp. Announces the Resignation of Christa A. Vesy, Executive Vice President and Chief Accounting Officer	Feb. 26	CI
Transcript : SITE Centers Corp., Q4 2023 Earnings Call, Feb 13, 2024	Feb. 13
SITE Centers' Q4 Operating Funds From Operations, Revenue Fall	Feb. 13	MT
SITE Centers Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 13	CI
SITE Centers Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 13	CI
Site Centers Corp. Declares Dividend for the First Quarter of 2024, Payable on April 5, 2024	Feb. 13	CI
JBL Asset Management, LLC acquired Casselberry Commons from SITE Centers Corp. for $40.3 million.	Feb. 04	CI
Morgan Stanley Raises Price Target on SITE Centers to $14.50 From $13 Amid Curbline Properties Spinoff, Keeps Equalweight Rating	Jan. 16	MT
Wolfe Research Downgrades SITE Centers to Peer Perform From Outperform	Jan. 05	MT
An unknown buyer completed the acquisition of 208,572-square-foot grocery-anchored shopping center in Buena Park, California from SITE Centers Corp. for $53 million.	Dec. 19	CI
SITE Centers Announces Special Cash Dividend of $0.16/Share, Payable Jan. 12 to Holders of Record Dec. 27	Dec. 13	MT
SITE Centers Corp. Declares Special Dividend, Payable on January 12, 2024	Dec. 13	CI
Brookwood Financial Partners, LLC acquired Melbourne Shopping Center from SITE Centers Corp. for $14.3 million.	Dec. 12	CI
Mizuho Adjusts Price Target on SITE Centers to $11 From $14, Maintains Neutral Rating	Dec. 01	MT
Ziff Real Estate Partners LLC acquired 214,029 Square-Foot Wando Crossing from SITE Centers Corp. for approximately $46.8 million.	Nov. 14	CI
Tranche Update on SITE Centers Corp.'s Equity Buyback Plan announced on December 20, 2022.	Nov. 01	CI
Urban Edge Properties (NYSE:UE) acquired Shoppers World from SITE Centers Corp. for approximately $240 million.	23-10-30	CI
Transcript : SITE Centers Corp., Q3 2023 Earnings Call, Oct 30, 2023	23-10-30
SITE Centers Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-30	CI
Site Centers Corp. Provides Earnings Guidance for the Full Year 2023	23-10-30	CI
SITE Centers Corp. Expects to Declare and Pay Special Cash Dividend Prior to January 31, 2024	23-10-30	CI
SITE Centers Corp. Declares Dividend for the Fourth Quarter of 2023, Payable on January 5, 2024	23-10-30	CI
Urban Edge Properties (NYSE:UE) acquired Gateway Center from SITE Centers Corp. for $68.6 million.	23-10-29	CI

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Company Profile

SITE Centers Corp. is a self-administered and self-managed Real Estate Investment Trust (REIT). The Company is engaged in the business of owning, leasing, acquiring, redeveloping, developing and managing shopping centers. The Company owns approximately 114 shopping centers, including 13 shopping centers owned through joint ventures aggregating 22.6 million square feet of gross leasable area (GLA) through all its properties (wholly owned and joint venture). These centers are principally located in the Southeast, including Florida, Georgia, Illinois and Colorado. Its properties include discounters, specialty grocers, pet supply stores, fitness centers, quick-service restaurants and beauty supply retailers as additional anchors or tenants. Its properties include 3030 North Broadway, Deer Park Town Center, Woodfield Village Green, Foxtail Center, Shops at Framingham, The Promenade at Brentwood, East Hanover Plaza, Edgewater Towne Center, Hamilton Marketplace and Nassau Park Pavilion.

Sector

Commercial REITs

Calendar

2024-04-29 - Q1 2024 Earnings Release

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Russell 2000

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Ratings for SITE Centers Corp.

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13.48 USD

Average target price

14.61 USD

Spread / Average Target

+8.41%

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