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.
IPO Year:
Exchange: NYSE
Website: sitecenters.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 10/2/2024 | $19.00 | Overweight → Equal Weight | Wells Fargo |
| 1/5/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/20/2023 | $15.00 | Equal Weight → Overweight | Wells Fargo |
| 5/24/2023 | $12.50 | Equal Weight | Wells Fargo |
| 1/10/2023 | $14.00 → $13.00 | Buy → Neutral | Mizuho |
| 8/16/2022 | $15.00 → $17.00 | Neutral → Buy | Mizuho |
| 3/3/2022 | $17.00 → $16.50 | Equal-Weight | Morgan Stanley |
| 9/23/2021 | $19.00 | Outperform | Wolfe Research |
| 8/19/2021 | $15.75 → $16.50 | Equal-Weight | Morgan Stanley |
8-K/A - SITE Centers Corp. (0000894315) (Filer)
10-Q - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
8-K - SITE Centers Corp. (0000894315) (Filer)
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4 - SITE Centers Corp. (0000894315) (Issuer)
3 - SITE Centers Corp. (0000894315) (Issuer)
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SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers primarily in suburban, high household income communities, announced today operating results for the quarter ended September 30, 2024. "SITE Centers completed the planned spin-off of Curbline Properties on October 1, unlocking a unique and scalable opportunity focused on convenience real estate and providing investors with two distinct business plans," commented David R. Lukes, President and Chief Executive Officer. "Following the disposition of 25 properties during the third quarter for an aggregate price of $1.4 billion, the Company has completed the sale of substantially all of the properties that had been in its activ
SITE Centers Corp. (NYSE:SITC) announced today that it intends to release its third quarter earnings prior to the market open on October 30, 2024. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. 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. Additional information about the Company is available at www.sitecenters.com. To be included in the Company's e-mail distributions for press releases and other investor news, please click here. View
On October 1, 2024, Curbline Properties Corp. (NYSE:CURB) ("CURB" or "Curbline") completed its separation from SITE Centers Corp. (NYSE:SITC) ("SITC") and became an independent publicly traded company. In the separation, SITC distributed two CURB common shares for every SITC common share held by SITC shareholders on the close of business on September 23, 2024 (the "Distribution"). The fair market value of CURB's common stock received by SITC shareholders in the Distribution for federal income tax purposes has been determined to be $22.29 per share based on the average closing price per share of CURB's common stock on its first three trading days beginning October 1, 2024. The impact of th
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers") today announced that it has completed the previously announced spin-off of Curbline Properties Corp. ("Curbline"), which is now an independent, publicly traded company that will begin regular-way trading today on the New York Stock Exchange ("NYSE") under the ticker symbol "CURB." Curbline is an owner of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. Curbline plans to elect to be treated as a real estate investment trust ("REIT") for U.S. federal income tax purposes. SITE Centers shareholders received two sh
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers"), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on transaction activity along with updated projected Curbline Properties Corp. ("Curbline") balance sheet information. From September 17, 2024 to September 27, 2024, SITE Centers sold 11 wholly owned properties for an aggregate gross price of $610.1 million. As a result of disposition activity, Curbline is now expected to be capitalized with $800 million of cash at the time of the spin-off in addition to a $400 million undrawn, unsecured line of credit, a $100 million unsecured, delayed draw term loan and no indebte
NEW YORK, Sept. 26, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400: S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace Southwestern Energy Co. (NYSE:SWN) in the S&P MidCap 400 and TransMedics Group, Inc. (NASD: TMDX) will replace The Ensign Group in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 1. S&P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.Curbline Properties Corp. (NYSE:CURB) will be added to the S&P SmallCap 600 effective prior to the open of trading on Tuesda
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers"), an owner of open-air shopping centers in suburban, high household income communities, today announced that in anticipation of the planned spin-off of Curbline Properties Corp. ("Curbline" or "CURB"), Gary Boston, John Cattonar, and Cynthia Foster Curry have been appointed to the SITE Centers Board of Directors effective on the date immediately preceding the spin-off's closing (with the closing currently expected to be October 1, 2024). Following these appointments and the expected resignation of the six current independent directors who will join the Curbline Board of Directors as outlined in CURB's publicly filed Registratio
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers"), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on third quarter 2024 to date transaction and financing activity along with updated projected SITE Centers and Curbline Properties ("Curbline") balance sheet information. In the third quarter to date, SITE Centers has sold 13 wholly owned properties for an aggregate gross price of $714.3 million. Net proceeds were used, in part, to repay $159.0 million of the $530.0 million SITE Centers mortgage facility originally secured by 23 properties. The Company has also acquired six convenience shopping centers for an aggreg
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers") today announced that its Board of Directors has set record and distribution dates for the spin-off of its portfolio of convenience retail properties into a separate publicly traded company, which will be effected through the distribution of 100 percent of the shares of common stock of Curbline Properties Corp. ("Curbline") to holders of SITE Centers common shares. The distribution of the shares of Curbline common stock is expected to be completed at 12:01 a.m. Eastern Time on October 1, 2024 (the "Distribution Date"). Following such distribution, Curbline will be an independent, publicly traded company. Curbline expects to re
SITE Centers Corp. (NYSE:SITC) (the "Company" or "SITE Centers") today announced that, in connection with the Company's previously announced plan to spin-off its portfolio of convenience assets into a separate publicly traded company, on September 3, 2024, Curbline Properties Corp. ("Curbline") publicly filed a Registration Statement on Form 10 (the "Form 10") with the Securities and Exchange Commission (the "SEC"), which is available at www.sec.gov. The completion of the Company's spin-off of Curbline is subject to certain conditions including, without limitation, the SEC declaring the Form 10 effective and approval by the SITE Centers Board of Directors. About SITE Centers SITE Cent
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SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers primarily in suburban, high household income communities, announced today operating results for the quarter ended September 30, 2024. "SITE Centers completed the planned spin-off of Curbline Properties on October 1, unlocking a unique and scalable opportunity focused on convenience real estate and providing investors with two distinct business plans," commented David R. Lukes, President and Chief Executive Officer. "Following the disposition of 25 properties during the third quarter for an aggregate price of $1.4 billion, the Company has completed the sale of substantially all of the properties that had been in its activ
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its third quarter 2024 Preferred Class A stock dividend of $0.39844 per depositary share. Each Class A depositary share is equal to one-twentieth of a share of SITE Centers' 6.375% Class A Cumulative Redeemable Preferred Stock. The declared Preferred Class A dividend covers the period beginning July 15, 2024 and ending October 14, 2024. The declared Preferred Class A Dividend is payable in cash on October 15, 2024 to shareholders of record at the close of business on September 30, 2024. About SITE Centers Corp. SITE Centers is an owner and manager of ope
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today operating results for the quarter ended June 30, 2024. "The planned spin-off of Curbline Properties remains on track with further progress in the second quarter across all fronts highlighted by nearly $1 billion of quarterly transactions, 24% trailing-twelve month new leasing spreads for Curbline Properties, and over $50 million of debt repurchased or retired prior to maturity," commented David R. Lukes, President and Chief Executive Officer. "We remain excited to launch and scale what is expected to be the first public real estate company focused exclusive
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that financial and operational results for the quarter ended June 30, 2024 will be released prior to the market open on July 30, 2024. The Company will host its quarterly earnings conference call and audio webcast on July 30, 2024, at 8:00 a.m. Eastern Time. All interested parties can access the earnings call by dialing 888-317-6003 (U.S.), 866-284-3684 (Canada), or 412-317-6061 (international) using passcode 2886949. The call will also be webcast and available in a listen-only mode on SITE Centers' website at ir.sitecenters.com. If you are unable to part
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on second quarter 2024 transaction and financing activity in connection with presentations at NAREIT's REITweek Investor Conference. "SITE Centers has closed on the sale of two properties in the second quarter to date for an aggregate gross sale price of $50.2 million bringing total dispositions since June 30, 2023 to $1.0 billion. In addition to completed sales to date, the Company has executed contracts to sell $649.6 million of assets where the general due diligence period has expired with an additional $1.2 billion of assets with executed contr
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its second quarter 2024 Preferred Class A stock dividend of $0.39844 per depositary share. Each Class A depositary share is equal to one-twentieth of a share of SITE Centers' 6.375% Class A Cumulative Redeemable Preferred Stock. The declared Preferred Class A dividend covers the period beginning April 15, 2024 and ending July 14, 2024. The declared Preferred Class A Dividend is payable in cash on July 15, 2024 to shareholders of record at the close of business on June 28, 2024. About SITE Centers Corp. SITE Centers is an owner and manager of open-air sho
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a dividend on its common stock of $0.13 per share for the second quarter of 2024. The dividend is payable on July 9, 2024 to shareholders of record at the close of business on June 18, 2024. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. 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. Additional information about t
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today operating results for the quarter ended March 31, 2024. "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," commented David R. Lukes, President and Chief Executive Officer. "We remain excited by the prospects and opportunity set for both SITE Centers and Curbline Propertie
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that financial and operational results for the quarter ended March 31, 2024 will be released prior to the market open on April 30, 2024. The Company will host its quarterly earnings conference call and audio webcast on April 30, 2024, at 8:00 a.m. Eastern Time. All interested parties can access the earnings call by dialing 888-317-6003 (U.S.), 866-284-3684 (Canada), or 412-317-6061 (international) using passcode 7262807. The call will also be webcast and available in a listen-only mode on SITE Centers' website at ir.sitecenters.com. If you are unable to p
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today operating results for the quarter and year ended December 31, 2023 and declared a dividend on its common stock for the first quarter of 2024. "The fourth quarter was a significant time period for SITE Centers highlighted by the announced planned spin-off of the Company's Convenience assets, nearly $800 million of total transaction activity and over $1.5 billion of total financings closed or committed," commented David R. Lukes, President and Chief Executive Officer. "We are well underway on the timeline to form and scale the first public real estate company
KeyBanc Capital Markets downgraded SITE Centers from Overweight to Sector Weight
Wells Fargo downgraded SITE Centers from Overweight to Equal Weight and set a new price target of $19.00
Wolfe Research downgraded SITE Centers from Outperform to Peer Perform
Wells Fargo upgraded SITE Centers from Equal Weight to Overweight and set a new price target of $15.00
Wells Fargo initiated coverage of SITE Centers with a rating of Equal Weight and set a new price target of $12.50
Mizuho downgraded SITE Centers from Buy to Neutral and set a new price target of $13.00 from $14.00 previously
Mizuho upgraded SITE Centers from Neutral to Buy and set a new price target of $17.00 from $15.00 previously
Morgan Stanley reiterated coverage of SITE Centers with a rating of Equal-Weight and set a new price target of $16.50 from $17.00 previously
Wolfe Research initiated coverage of SITE Centers with a rating of Outperform and set a new price target of $19.00
Morgan Stanley reiterated coverage of SITE Centers with a rating of Equal-Weight and set a new price target of $16.50 from $15.75 previously
NEW YORK, Sept. 26, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400: S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace Southwestern Energy Co. (NYSE:SWN) in the S&P MidCap 400 and TransMedics Group, Inc. (NASD: TMDX) will replace The Ensign Group in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 1. S&P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.Curbline Properties Corp. (NYSE:CURB) will be added to the S&P SmallCap 600 effective prior to the open of trading on Tuesda
Hudson Pacific Properties, Inc. (NYSE:HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced that Barry Sholem has been appointed to the company's Board of Directors effective March 13, 2023. Sholem succeeds outgoing board member Robert Harris II. Sholem is the Founder and Partner of Real Estate for investment advisory firm MSD Partners, L.P., and currently serves as the Chairman and Senior Advisor of Real Estate for BDT & MSD Partners, a merchant bank. He previously served as Chairman of DLJ Real Estate Capital Partners, a real estate fund that he co-founded and that invested in a broad range of real estate-related assets. Prior to that, he
WeWork Inc. (NYSE:WE), a leading global flexible space provider, today announced that Daniel Hurwitz, co-founder & CEO of Raider Hill Advisors, has joined WeWork's Board of Directors, effective June 23, 2022. He succeeds Jeffrey Sine, co-founder and partner of The Raine Group, who served on WeWork's Board since October 2019. With more than three decades of experience transforming public and private businesses in the retail real estate industry, Hurwitz will bring exceptional insight to WeWork's Board of Directors. Before co-founding Raider Hill Advisors, Hurwitz spent 16 years at SITE Centers (NYSE:SITC) – formerly known as DDR Corp. – serving in various executive roles, including Chief Ex
SITE Centers Corp. (NYSE:SITC) (the "Company") today announced that its Board of Directors has unanimously approved a one-for-four reverse stock split of the Company's common shares. The reverse stock split was authorized by the Company's shareholders at the annual meeting of shareholders held on May 8, 2024. As a result of the reverse stock split, every four of the Company's issued common shares will be exchanged for one of the Company's common shares. The Company's shareholders will not receive fractional shares in connection with the reverse stock split but will receive cash in lieu of fractional shares. The Company currently anticipates that its common shares will begin trading on a spli
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that it has closed on the sale of a six-property portfolio to an affiliate of Pine Tree for a price of $495 million prior to closing pro-rations, allocations and credits. The sale excluded 93,607 square feet of gross leasable area at three properties retained by the Company and intended to be included in the expected spin-off of Curbline Properties.
Wells Fargo analyst Dori Kesten maintains SITE Centers (NYSE:SITC) with a Overweight and raises the price target from $15.5 to $16.
SITE Centers (NYSE:SITC) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.25 by 12 percent. This is a 6.67 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $120.621 million which beat the analyst consensus estimate of $118.013 million by 2.21 percent. This is a 11.85 percent decrease over sales of $136.833 million the same period last year.
Wells Fargo analyst Dori Kesten maintains SITE Centers (NYSE:SITC) with a Overweight and maintains $15.5 price target.
Jefferies analyst Jonathan Petersen maintains SITE Centers (NYSE:SITC) with a Hold and raises the price target from $13 to $15.
SITE Centers (NYSE:SITC) reported quarterly earnings of $0.26 per share. This is a 10.34 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $123.16 million which missed the analyst consensus estimate of $129.52 million by 4.91 percent. This is a 9.73 percent decrease over sales of $136.43 million the same period last year.
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November and December were two months of tremendous share price acceleration for most of the real estate investment trust (REIT) sector. Many REITs rose 30% or more after bottoming out at the end of October. But often after such activity, analysts begin to sharpen their pencils and take a more stringent look at some of the issues that have made large price leaps. This year is already off to a rough start for several REITs that had share price appreciation at year's end. Several REITs had recently announced positive news, but that didn't keep the analysts from cutting them down a rating or two. Don't Miss: Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed
Wolfe Research analyst Andrew Rosivach downgrades SITE Centers (NYSE:SITC) from Outperform to Peer Perform.