SITE Centers

SITE Centers Refinances $950 Million Unsecured Revolving Credit Facility and Upsizes Unsecured Term Loan Facility

Retrieved on: 
Monday, June 6, 2022
Retail, Other Retail, Department Stores, Commercial Building & Real Estate, Construction & Property, REIT, External commercial borrowing, Chase Bank, Citizens Bank, Company, SITE Centers, LLC, JPMorgan Chase, LIBOR, REIT, Wells Fargo, SITE, SITC, SOFR, RBC Capital Markets, NYSE, U.S. Bancorp, New, Credit, Holding company, Real estate

SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that it has refinanced its unsecured revolving credit facility and extended its maturity.

Key Points: 
  • SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today that it has refinanced its unsecured revolving credit facility and extended its maturity.
  • The amended $950 million unsecured revolving credit facility has an initial maturity of June 6, 2026 with two six-month extension options.
  • Based on SITE Centers current credit ratings, pricing on the refinanced revolving credit facility was set at SOFR plus 85 basis points and a 10 basis point credit spread adjustment.
  • SITE Centers also amended and upsized its unsecured term loan increasing potential borrowings to $200 million from $100 million.

SITE Centers Declares Second Quarter 2022 Class A Preferred Share Dividend

Retrieved on: 
Wednesday, June 1, 2022
Retail, Other Retail, Department Stores, Commercial Building & Real Estate, Construction & Property, REIT, SITE, New, SITC, Company, SITE Centers, NYSE, REIT, Real estate

SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its second quarter 2022 Preferred Class A stock dividend of $0.39844 per depositary share.

Key Points: 
  • SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its second quarter 2022 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, 2022 and ending July 14, 2022.
  • The declared Preferred Class A Dividend is payable in cash on July 15, 2022 to shareholders of record at the close of business on June 29, 2022.

SITE Centers Declares Common Stock Dividend of $0.13 for Second Quarter 2022

Retrieved on: 
Wednesday, May 11, 2022
REIT, Retail, Department Stores, Commercial Building & Real Estate, Construction & Property, SITE, Company, SITC, SITE Centers, REIT, NYSE, New, Real estate

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 2022.

Key Points: 
  • 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 2022.
  • The dividend is payable on July 6, 2022 to shareholders of record at the close of business on June 9, 2022.
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.
  • To be included in the Companys e-mail distributions for press releases and other investor news, please click here .

First National Realty Partners Names Doug Holtzman VP of NNN Leasing and Acquisitions

Retrieved on: 
Wednesday, May 4, 2022
BANK, Red Bank, LLC, Kent State University, Holtzman, RED, Red, Real estate investment trust, Marketing, SITE Centers, Marriage, NNN, FNRP, Growth, Acquisition, Real estate, Commercial property

RED BANK, N.J., May 3, 2022 /PRNewswire-PRWeb/ -- First National Realty Partners, LLC (FNRP) has named Doug Holtzman to the new position of vice president of NNN leasing and acquisitions. Holtzman, a 14-year industry veteran who specializes in investment sales and the leasing of single-tenant retail properties, joins the Red Bank-based, vertically integrated real estate investment firm as it seeks to develop new avenues for driving value for investors.

Key Points: 
  • RED BANK, N.J., May 3, 2022 /PRNewswire-PRWeb/ -- First National Realty Partners, LLC (FNRP) has named Doug Holtzman to the new position of vice president of NNN leasing and acquisitions.
  • While this remains the company's core business, Managing Director Fred Battisti noted that Holtzman's appointment is integral to the firm's launch of a NNN leasing and acquisitions division to focus on net-leased properties.
  • Doug is a NNN acquisitions, disposition, and leasing specialist with a diverse background and extensive experience in this product type.
  • Holtzman started his career at Site Centers as a leasing intern handling centers in Ohio, Kentucky, western Pennsylvania, and western New York.

SITE Centers’ First Quarter 2022 Earnings Conference Call to be Held on Tuesday, April 26, 2022, at 8:00 a.m. Eastern Time

Retrieved on: 
Thursday, April 7, 2022
Commercial Building & Real Estate, Construction & Property, REIT, NYSE, Company, SITE, Review, New, SITC, REIT, SITE Centers, Online gambling

The Company will host its quarterly earnings conference call and audio webcast on April 26, 2022, at 8:00 a.m. Eastern Time.

Key Points: 
  • The Company will host its quarterly earnings conference call and audio webcast on April 26, 2022, 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 0768163.
  • The call will also be webcast and available in a listen-only mode on SITE Centers website at ir.sitecenters.com.
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.

CP Group Acquires Iconic ‘Bank of America Plaza’ Skyscraper in the Heart of Atlanta, Georgia

Retrieved on: 
Wednesday, March 2, 2022
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Microsoft, Heart, Charoen Pokphand, Bank of America Plaza, CP, SITE Centers, Meta, CNN Center, Harris Corner Detector, LLC, Oak Park, Multimedia, List of tallest buildings in Billings, Economic development, Acquisition, Bank, Norfolk Southern Railway, Bank of America, Commerce, Technology, HPS, Georgia Tech, Self storage, Google

CP Group, a vertically-integrated commercial real estate and management firm, today announced the acquisition of Bank of America Plaza in the heart of Midtown Atlanta.

Key Points: 
  • CP Group, a vertically-integrated commercial real estate and management firm, today announced the acquisition of Bank of America Plaza in the heart of Midtown Atlanta.
  • (Photo: Business Wire)
    Bank of America Plaza is a nationally recognizable office tower comprising over 1.35 million square feet of premium space.
  • "We are proud to acquire one of Atlantas most recognizable landmarks in Bank of America Plaza," said Chris Eachus, Partner at CP Group.
  • Bank of America Plaza is in the heart of the Midtown submarket - a fast-rising tech, commerce, and cultural hub.

SITE Centers to Present at the 2022 Citi Global Property CEO Conference

Retrieved on: 
Tuesday, March 1, 2022
Commercial Building & Real Estate, Construction & Property, REIT, Company, SITE Centers, REIT, New, Conference, SITC, NYSE, SITE, Real estate

SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced that it will participate in the 2022 Citi Global Property CEO Conference held March 6 through March 9, 2022 in Hollywood, Florida.

Key Points: 
  • SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced that it will participate in the 2022 Citi Global Property CEO Conference held March 6 through March 9, 2022 in Hollywood, Florida.
  • David R. Lukes, Chief Executive Officer, is scheduled to make a company presentation on Monday, March 7, 2022, at 1:15 p.m. Eastern Time.
  • The Companys written presentation will be made available on the Companys website at ir.sitecenters.com on March 7, 2022 prior to the commencement of managements meetings with investors.
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.

SITE Centers Declares First Quarter 2022 Class A Preferred Share Dividend

Retrieved on: 
Tuesday, March 1, 2022
REIT, Retail, Department Stores, Commercial Building & Real Estate, Construction & Property, Company, SITE Centers, REIT, New, SITC, NYSE, SITE, Real estate

SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its first quarter 2022 Preferred Class A stock dividend of $0.39844 per depositary share.

Key Points: 
  • SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its first quarter 2022 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 January 15, 2022 and ending April 14, 2022.
  • The declared Preferred Class A Dividend is payable in cash on April 15, 2022 to shareholders of record at the close of business on March 30, 2022.

SITE Centers Announces 8% Increase in Common Stock Dividend

Retrieved on: 
Thursday, February 10, 2022
Home Goods, Retail, Commercial Building & Real Estate, Construction & Property, Office Products, Convenience Store, Other Retail, Discount, Variety, Restaurant, Bar, Department Stores, Supermarket, REIT, Specialty, Fashion, Other Construction & Property, SITC, NYSE, SITE, SITE Centers, REIT, Company, New, Real estate

SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a first quarter 2022 dividend on its common stock of $0.13 per share which represents an 8% increase from the fourth quarter 2021 dividend.

Key Points: 
  • SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a first quarter 2022 dividend on its common stock of $0.13 per share which represents an 8% increase from the fourth quarter 2021 dividend.
  • The dividend is payable on April 7, 2022 to shareholders of record at the close of business on March 17, 2022.
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.
  • To be included in the Companys e-mail distributions for press releases and other investor news, please click here .

SITE Centers’ Fourth Quarter 2021 Earnings Conference Call to be Held on Wednesday, February 9, 2022, at 8:30 a.m. Eastern Time

Retrieved on: 
Tuesday, January 25, 2022
Commercial Building & Real Estate, Construction & Property, REIT, SITC, NYSE, SITE Centers, REIT, New, Review, SITE, Company

The Company will host its quarterly earnings conference call and audio webcast on February 9, 2022, at 8:30 a.m. Eastern Time.

Key Points: 
  • The Company will host its quarterly earnings conference call and audio webcast on February 9, 2022, at 8:30 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 1508588.
  • The call will also be webcast and available in a listen-only mode on SITE Centers website at ir.sitecenters.com.
  • SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities.