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SITE Centers Corp. (SITC)

Stock Price: $15.45 USD -0.21 (-1.34%)
Updated Jun 15, 2021 4:00 PM EDT - Market closed
Market Cap 3.31B
Revenue (ttm) 459.16M
Net Income (ttm) -3.14M
Shares Out 193.37M
EPS (ttm) -0.02
PE Ratio n/a
Forward PE n/a
Dividend $0.16
Dividend Yield 1.04%
Trading Day June 15
Last Price $15.45
Previous Close $15.66
Change ($) -0.21
Change (%) -1.34%
Day's Open 15.55
Day's Range 15.38 - 15.68
Day's Volume 1,245,617
52-Week Range 6.46 - 15.91

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SITE Centers' (SITC) buyout of Shoppes at Addison Place comes as part of its strategy to enhance portfolio with convenience-oriented assets in affluent communities. It also offers Q2 operational update.

6 days ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Provides Second Quarter 2021 Operational Update and Announces Acquisition of Shoppes at Addison Place

1 week ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers to Present at the 2021 Nareit's REITweek: Virtual Investor Conference

2 weeks ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Declares Second Quarter 2021 Class A Preferred Share Dividend

2 weeks ago - Business Wire

SITE Centers' (SITC) latest dividend hike reflects the company's ability to generate decent cash flows from its open-air shopping centers in suburban and thriving regions and a robust balance sheet.

1 month ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Announces 9% Increase in Common Stock Dividend

1 month ago - Business Wire

Despite better-than-expected revenues, SITE Centers' (SITC) Q1 results reflect the impacts of the pandemic, and reduced interest income and joint venture fees.

1 month ago - Zacks Investment Research

SITE CENTERS CORP. (SITC) delivered FFO and revenue surprises of 21.74% and 9.26%, respectively, for the quarter ended March 2021.

1 month ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Reports First Quarter 2021 Operating Results

1 month ago - Business Wire

SITE CENTERS CORP. (SITC) reported earnings 30 days ago.

2 months ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Declares First Quarter 2021 Class A Preferred Share Dividend

3 months ago - Business Wire

SITE Centers (SITC) affirms 2021 OFFO per share guidance and collects roughly 95% and 94% of aggregate base rents for January and February 2021, respectively.

3 months ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Affirms 2021 OFFO Guidance and Provides First Quarter 2021 Operational Update

3 months ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers to Present at the 2021 Citi Virtual Global Property CEO Conference

3 months ago - Business Wire

SITE Centers (SITC) will use the net proceeds from the 15 million share offering to primarily fund the redemption of its outstanding 6.250% class K cumulative redeemable preferred shares.

3 months ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Announces Pricing of Common Shares Offering

3 months ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Announces Offering of Common Shares

3 months ago - Business Wire

SITE Centers' (SITC) Q4 results reflect better-than-expected revenues, improving rent collections and strong leasing volumes during the period.

3 months ago - Zacks Investment Research

SITE CENTERS CORP. (SITC) delivered FFO and revenue surprises of 4.17% and 4.97%, respectively, for the quarter ended December 2020.

3 months ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Reports Fourth Quarter and Year-End 2020 Operating Results

3 months ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers' Fourth Quarter and Year-End 2020 Earnings Conference Call to be Held on Thursday, February 18, 2021, at 8:00 a.m. Eastern Time

4 months ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. Announces Tax Allocations of 2020 Dividend Distributions

4 months ago - Business Wire

SITE Centers (SITC) collects 93% of Q4 rents from tenants, higher than the previous two quarters. Also, it sees the highest level of leasing in the December-end quarter since third-quarter 2018.

5 months ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Provides Fourth Quarter 2020 Operational Update

5 months ago - Business Wire

SITE Centers has seen a continued recovery in its operating metrics since the depths of the pandemic. It has well-located properties with strong income demographics, and has seen strong leasing spreads ...

5 months ago - Seeking Alpha

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Declares Fourth Quarter 2020 Class A and Class K Preferred Share Dividends

6 months ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Declares Common Stock Dividend of $0.05 for Fourth Quarter 2020

7 months ago - Business Wire

October rent collection rose to 90%. Leasing spreads were strong, but declines in occupancy led to significant declines in SS NOI.

7 months ago - Seeking Alpha

While SITE Centers (SITC) witnesses solid rental receipts and higher annual base rent per occupied square foot in Q3, fall in same-store NOI remains a concern for the company.

7 months ago - Zacks Investment Research

SITE Centers Corp. (SITC) CEO David Lukes on Q3 2020 Results - Earnings Call Transcript

7 months ago - Seeking Alpha

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Reports Third Quarter 2020 Operating Results

7 months ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers’ Third Quarter 2020 Earnings Conference Call to be Held on Tuesday, October 27, 2020, at 8:30 a.m. Eastern Time

8 months ago - Business Wire

High essential-business tenancy has been the saving grace for SITE Centers (SITC) amid these unprecedented times. However, uncollected rent from tenants is affecting top-line growth.

8 months ago - Zacks Investment Research

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Declares Third Quarter 2020 Class A and Class K Preferred Share Dividends

9 months ago - Business Wire

Remember that preferred shareholders are senior to the entire equity stack and sit senior to all common distributions. Given the dislocation in the sector today, we consider preferreds an excellent sour...

Other stocks mentioned: BFS, VNO
9 months ago - Forbes

Site Centers: A Buying Opportunity Before The Recovery

10 months ago - Seeking Alpha

SITE Centers (SITC) sees healthy leasing spreads and higher annual base rent per occupied square foot in Q2, however scraps Q3 dividend on the coronavirus scare.

10 months ago - Zacks Investment Research

SITE Centers Corp. (SITC) CEO David Lukes on Q2 2020 Results - Earnings Call Transcript

10 months ago - Seeking Alpha

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Reports Second Quarter 2020 Operating Results

10 months ago - Business Wire

BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers’ Second Quarter 2020 Earnings Conference Call to be Held on Tuesday, July 28, 2020, at 8:00 a.m. Eastern Time

11 months ago - Business Wire

SITE Centers (SITC) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

11 months ago - Zacks Investment Research

NEW YORK, June 25, 2020 /PRNewswire/ -- SITE Centers Corp. (NYSE: SITC) will replace Mobile Mini Inc. (NASD: MINI) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 1....

11 months ago - PRNewsWire

LaSalle is an expert in real estate investing, and we are checking out its latest quarterly picks as we hunt for the best REIT stocks.

Other stocks mentioned: CPT, CUZ, VER, WRI
11 months ago - InvestorPlace

The shopping center REIT is having an excellent day, and most of its peers are as well.

Other stocks mentioned: SKT, SRG
1 year ago - The Motley Fool

Significant tenant exposure to essential businesses is driving footfall at SITE Centers' (SITC) properties. Yet, low rent collections and deferrals amid the pandemic-induced mayhem are worrisome.

1 year ago - Zacks Investment Research

SITE Centers (SITC) sees healthy leasing spreads and same-store NOI growth on higher annualized base rent per occupied square foot in Q1 but scraps Q2 dividend on the coronavirus scare.

1 year ago - Zacks Investment Research

SITE Centers Corp. (SITC) CEO David Lukes on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Macerich (MAC) and SITE Centers (SITC) withdraw 2020 guidance amid the coronavirus pandemic and have taken certain measures to tackle the crisis.

Other stocks mentioned: MAC
1 year ago - Zacks Investment Research

SITE Centers Corp.: The Potential Is There

1 year ago - Seeking Alpha

While fall in rental income and other property revenues hurts SITE Centers' (SITC) Q4 performance, decent new and renewal leasing spreads provide support to some extent.

1 year ago - Zacks Investment Research

About SITC

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

Industry
REIT-Retail
IPO Date
Feb 2, 1993
CEO
David Lukes
Employees
323
Stock Exchange
NYSE
Ticker Symbol
SITC
Full Company Profile

Financial Performance

In 2020, SITE Centers's revenue was $460.33 million, a decrease of -9.38% compared to the previous year's $507.99 million. Earnings were $35.72 million, a decrease of -64.53%.

Financial Statements

Analyst Forecasts

According to 14 analysts, the average rating for SITE Centers stock is "Buy." The 12-month stock price forecast is 15.73, which is an increase of 1.81% from the latest price.

Price Target
$15.73
(1.81% upside)
Analyst Consensus: Buy