Associated tags: REIT, SITE Centers, SITC, Construction & Property, SITE, NYSE, Commercial Building & Real Estate, Retail, Department Stores, Other Retail, Real estate, Convenience Store
Locations: HOUSTON, CHICAGO, APOLLO, DARDEN, TEXAS, BOSTON, NORTH CAROLINA, VIRGINIA, UNITED STATES, NORTH AMERICA, OHIO, HARPER
Cosmetics,
Retail,
Supply Chain Management,
Commercial Building & Real Estate,
Restaurant,
Bar,
Luxury,
Construction & Property,
Discount,
Variety,
Convenience Store,
Department Stores,
Other Retail,
Supermarket,
REIT,
Fashion,
Sale,
SITE,
Bankruptcy,
Retirement,
Bed Bath & Beyond,
Bed,
Shop,
SITE Centers,
NOI,
ATLAS,
Growth 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.
Key Points:
- 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 sold five wholly-owned shopping centers in the first quarter and second quarter to date for an aggregate price of $169.6 million including three wholly-owned shopping centers sold during the first quarter for an aggregate price of $119.4 million.
- As of March 31, 2024, the Company has amassed a portfolio of 67 wholly-owned properties to be included in the CURB portfolio, including assets separated or in the process of being separated from SITE Centers properties.
- In the first quarter of 2024, the Company released two properties that had previously been identified to serve as collateral for the facility, thereby reducing the committed amount to $1.0 billion as of March 31, 2024.
The Company will host its quarterly earnings conference call and audio webcast on April 30, 2024, at 8:00 a.m. Eastern Time.
Key Points:
- 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 participate during the live call, a replay will be available on SITE Centers’ website for future review.
SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its first quarter 2024 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 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 January 15, 2024 and ending April 14, 2024.
- The declared Preferred Class A Dividend is payable in cash on April 15, 2024 to shareholders of record at the close of business on March 28, 2024.
Retrieved on:
Tuesday, February 13, 2024
Restaurant,
Bar,
Supply Chain Management,
Other Retail,
Luxury,
Discount,
Variety,
Supermarket,
Department Stores,
Convenience Store,
Commercial Building & Real Estate,
Construction & Property,
Fashion,
Cosmetics,
Retail,
Bed Bath & Beyond,
FFO,
ATLAS,
Sustainability accounting,
SITE,
Shop,
REIT,
Growth,
Sale,
NOI,
Corporate responsibility,
University,
Bankruptcy,
SITE Centers,
Report,
DTP,
Bed 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.
Key Points:
- 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.
- SITE Centers sold 14 wholly owned shopping centers in the fourth quarter and first quarter to date for an aggregate price of $818.6 million including 12 wholly-owned shopping centers sold during the fourth quarter for an aggregate price of $736.2 million.
- The impact of prior period rental income receipts related to cash basis tenants was immaterial to fourth quarter 2023 SSNOI growth.
- The Company declared a dividend on its common stock of $0.13 per share for the first quarter of 2024.
Retrieved on:
Thursday, January 25, 2024
The Company will host its quarterly earnings conference call and audio webcast on February 13, 2024, at 8:00 a.m. Eastern Time.
Key Points:
- The Company will host its quarterly earnings conference call and audio webcast on February 13, 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 3657488.
- 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 participate during the live call, a replay will be available on SITE Centers’ website for future review.
Commercial Building & Real Estate,
Construction & Property,
Specialty,
Convenience Store,
Urban Planning,
REIT,
Retail,
Department Stores,
SITE,
SITE Centers,
Form SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced the tax allocations of 2023 distributions on its common shares and one series of preferred shares.
Key Points:
- SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today announced the tax allocations of 2023 distributions on its common shares and one series of preferred shares.
- For shareholders of SITE Centers Corp. common and preferred shares, the Form 1099-DIV summarizes the allocation of 2023 distributions.
- The amounts indicated on Form 1099-DIV should be reported on shareholders’ 2023 federal income tax returns.
- Please note that the January 5, 2024 common share distribution will be included in the tax allocations for 2024.
Retrieved on:
Thursday, January 11, 2024
Restaurant,
Bar,
Office Products,
Convenience Store,
Bridal,
Footwear,
Home Goods,
Other Retail,
Wine & Spirits,
Other Consumer,
Supply Chain Management,
Tobacco,
Online Retail,
Supermarket,
Women,
Specialty,
Seniors,
Discount,
Variety,
Department Stores,
Food,
Beverage,
Teens,
Men,
Fashion,
Cosmetics,
Retail,
Family,
REIT,
Consumer,
Commercial Building & Real Estate,
Construction & Property,
SITE,
Sale,
SITE Centers,
Evercore SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on fourth quarter 2023 and first quarter to date 2024 transaction activity as part of presentations to certain investors in meetings hosted by Evercore ISI.
Key Points:
- SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today provided an update on fourth quarter 2023 and first quarter to date 2024 transaction activity as part of presentations to certain investors in meetings hosted by Evercore ISI.
- “SITE Centers closed on the sale of 12 properties in the fourth quarter bringing total dispositions since June 30, 2023 to $854.5 million including fourth quarter dispositions of $736.2 million at a blended 6.5% cap rate.
- The pace and scale of our asset sales are a testament to the quality of the SITE Centers portfolio and demand for well-positioned open-air shopping centers.
- “We also acquired $62.4 million of Convenience assets in the fourth quarter in key markets including Atlanta, Charlotte and Phoenix highlighting the opportunity set for Curbline Properties as we move closer to the expected spin-off date.”
Retrieved on:
Wednesday, December 13, 2023
Other Consumer,
Construction & Property,
Other Retail,
Entertainment,
REIT,
Specialty,
General Entertainment,
Consumer,
Retail,
NYSE,
SITE,
Real estate SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a cash special dividend of $0.16 per share resulting from 2023 transaction activity.
Key Points:
- SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a cash special dividend of $0.16 per share resulting from 2023 transaction activity.
- The dividend is payable on January 12, 2024 to shareholders of record at the close of business on December 27, 2023.
SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared its fourth quarter 2023 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 fourth quarter 2023 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 October 15, 2023 and ending January 14, 2024.
- The declared Preferred Class A Dividend is payable in cash on January 16, 2024 to shareholders of record at the close of business on December 29, 2023.
Entertainment,
Professional Services,
Online Retail,
Department Stores,
Specialty,
Consumer,
Convenience Store,
General Entertainment,
Construction & Property,
Retail,
Other Consumer,
REIT,
Finance,
PRS,
Sale,
SITE,
NYSE,
Eastern Time Zone,
Convenience,
Form 10-K,
ICSC,
Public expenditure,
SNO,
Securities and Exchange Commission of Pakistan,
Foot,
Population growth,
Wells Fargo,
SITE Centers,
ATLAS,
Employment,
NOI,
JPMorgan Chase,
Starbucks,
University,
Hand,
Metropolitan statistical area,
ABR,
Point Park University,
Jones Day,
Slaughter,
Commercial property,
Bank,
Security (finance),
Music,
Growth,
Verizon Communications,
Southwest Florida,
Chipotle The Company intends to acquire additional convenience properties prior to the spin-off, which will be included in the CURB portfolio, funded via additional SITE Centers dispositions, retained cash flow and cash on hand.
Key Points:
- The Company intends to acquire additional convenience properties prior to the spin-off, which will be included in the CURB portfolio, funded via additional SITE Centers dispositions, retained cash flow and cash on hand.
- Morgan Stanley & Co. LLC and Wells Fargo are acting as lead financial advisors and Jones Day is serving as legal counsel to SITE Centers.
- The call will also be webcast and available in a listen-only mode on SITE Centers’ website at ir.sitecenters.com.
- SITE Centers no longer intends to host its previously announced earnings conference call on November 2, 2023.
