NYSE:SITCRetail REITs
SITE Centers (SITC) Stock Faces FFO Loss As Deep Value Appeal Fades
Traders marked SITE Centers down 4.2% today, yet the real story sits in the cash generation engine that investors in retail real estate investment trusts watch most closely. Funds From Operations, or FFO, turned into a loss in the quarter, and FFO per share also moved into the red. That jars with a stock already trading on a very low P/E and sitting well below an analyst discounted cash flow estimate. The tension between weak current FFO and the apparent valuation gap is what is really...