Announcement • 19h
SITE Centers Corp. to Report Q2, 2026 Results on Aug 03, 2026 SITE Centers Corp. announced that they will report Q2, 2026 results After-Market on Aug 03, 2026 Board Change • Jul 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman Dawn Sweeney was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 02
Pike Long Beach Owner LLC completed the acquisition of The Pike Outlets from SITE Centers Corp. (NYSE:SITC). Pike Long Beach Owner LLC agreed to acquire The Pike Outlets from SITE Centers Corp. (NYSE:SITC) for $50 million on May 1, 2026.
The consideration will be paid in cash. Net proceeds to the seller, after adjustments for pro-rations, allocations, and other credits, are estimated to be approximately $46.0 million. The Purchaser has posted a non-refundable deposit of $1.5 million with an escrow agent, which will be credited against the purchase price at closing.
The transaction is subject to customary closing conditions, including consent of the City of Long Beach, delivery of estoppel letters from tenants, the accuracy of the Seller’s representations, and the absence of certain casualty or condemnation events. The closing of the sale is expected to occur by the end of the third quarter of 2026.
Pike Long Beach Owner LLC completed the acquisition of The Pike Outlets from SITE Centers Corp. (NYSE:SITC) on June 30, 2026. Announcement • Jul 01
SITE Centers Corp. Declares Special Cash Distribution on Its Common Shares, Payable on July 31, 2026 SITE Centers Corp. declared a special cash distribution on its common shares of $1.00 per common share payable on July 31, 2026 to shareholders of record at the close of business on July 17, 2026. Announcement • Jun 29
SITE Centers Corp.(NYSE:SITC) dropped from Russell 2000 Dynamic Index SITE Centers Corp.(NYSE:SITC) dropped from Russell 2000 Dynamic Index Announcement • Apr 24
SITE Centers Corp. to Report Q1, 2026 Results on May 07, 2026 SITE Centers Corp. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Announcement • Mar 16
SITE Centers Corp., Annual General Meeting, May 13, 2026 SITE Centers Corp., Annual General Meeting, May 13, 2026. Announcement • Feb 12
SITE Centers Corp. to Report Q4, 2025 Results on Feb 26, 2026 SITE Centers Corp. announced that they will report Q4, 2025 results After-Market on Feb 26, 2026 Announcement • Dec 05
SITE Centers Corp. Announces Special Common Stock Distribution, Payable on December 30, 2025 SITE Centers Corp. announced a special cash distribution on its common shares of $1.00 per common share payable on December 30, 2025 to shareholders of record at the close of business on December 15, 2025. Announcement • Nov 21
An undisclosed buyer acquired Paradise Village Gateway from SITE Centers Corp. (NYSE:SITC) for $28.5 million. An undisclosed buyer acquired Paradise Village Gateway from SITE Centers Corp. (NYSE:SITC) for $28.5 million on November 20, 2025. A portion of net proceeds were used to repay $24.3 million of mortgage debt.
An undisclosed buyer completed the acquisition of Paradise Village Gateway from SITE Centers Corp. (NYSE:SITC) on November 20, 2025. Announcement • Oct 28
SITE Centers Corp. to Report Q3, 2025 Results on Nov 05, 2025 SITE Centers Corp. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Oct 22
SITE Centers Corp. Announces Special Common Stock Distribution, Payable on November 14, 2025 SITE Centers Corp. announced a special cash distribution on its common shares of $1.00 per common share payable on November 14, 2025 to shareholders of record at the close of business on October 31, 2025. Announcement • Sep 25
Haverford Retail Partners Purchase Agreement to acquire Portfolio of Three Properties in East Hanover, NJ, Easton, PA, and Stow, OH from SITE Centers Corp. (NYSE:SITC) for approximately $130 million. Haverford Retail Partners Purchase Agreement to acquire Portfolio of Three Properties in East Hanover, NJ, Easton, PA and Stow, OH from SITE Centers Corp. (NYSE:SITC) for approximately $130 million on September 15, 2025. A cash consideration of $126 million will be paid by Haverford Retail Partners. The portfolio includes East Hanover Plaz, Southmont Plaza and Stow Community Center. Closing remains subject to customary conditions, including, but not limited to, delivery of estoppel letters from tenants, the accuracy of the Sellers representations in all material respects and the absence of certain casualty or condemnation events. The transaction is expected to occur in the fourth quarter of 2025.
. Announcement • Jul 29
SITE Centers Corp. to Report Q2, 2025 Results on Aug 05, 2025 SITE Centers Corp. announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Announcement • Jul 22
An undisclosed buyer acquired Sandy Plains Village in Roswell, GA from SITE Centers Corp. (NYSE:SITC) for $25 million. An undisclosed buyer acquired Sandy Plains Village in Roswell, GA from SITE Centers Corp. (NYSE:SITC) for $25 million on July 21, 2025. SITE Centers Corp. sold Sandy Plains Village (Roswell, GA) for $25 million, prior to closing costs, prorations and other closing adjustments. $18.1 million of net proceeds were used to repay mortgage debt.
An undisclosed buyer completed the acquisition of Sandy Plains Village in Roswell, GA from SITE Centers Corp. (NYSE:SITC) on July 21, 2025. Announcement • Jun 18
Site Centers Corp. Declares Special Common Distribution, Payable on July 15, 2025 SITE Centers Corp. declared a special cash distribution on its common shares of $1.50 per common share payable on July 15, 2025 to shareholders of record at the close of business on June 30, 2025. Announcement • May 01
SITE Centers Corp. to Report Q1, 2025 Results on May 07, 2025 SITE Centers Corp. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Apr 05
SITE Centers Corp., Annual General Meeting, May 14, 2025 SITE Centers Corp., Annual General Meeting, May 14, 2025. Location: meetnow.global/mzr2p4u., United States Announcement • Feb 04
SITE Centers Corp. to Report Q4, 2024 Results on Feb 27, 2025 SITE Centers Corp. announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 Recent Insider Transactions • Nov 17
Insider recently sold €9.9m worth of stock On the 13th of November, Alexander Otto sold around 653k shares on-market at roughly €15.19 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €61m more than they bought in the last 12 months. Announcement • Nov 14
SITE Centers Corp. (NYSE:SITC) acquired Crossroads Marketplace in Chino Hills, California for $34.2 million. SITE Centers Corp. (NYSE:SITC) acquired Crossroads Marketplace in Chino Hills, California for $34.2 million during the quarter ended, September 30, 2024.
SITE Centers Corp. (NYSE:SITC) completed the acquisition of Crossroads Marketplace in Chino Hills, California during the quarter ended, September 30, 2024. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.26 FFO loss per share (vs US$1.29 profit in 3Q 2023) Third quarter 2024 results: US$0.26 FFO loss per share (down from US$1.29 profit in 3Q 2023). Revenue: US$91.1m (down 37% from 3Q 2023). Funds from operations (FFO) loss: US$13.5m (down 120% from profit in 3Q 2023). Revenue is expected to fall by 12% p.a. on average during the next 3 years compared to a 3.1% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Oct 22
SITE Centers Corp. to Report Q3, 2024 Results on Oct 30, 2024 SITE Centers Corp. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Board Change • Oct 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman Dawn Sweeney was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 02
SITE Centers Corp. completed the Spin-Off of Curbline Properties Corp. (NYSE:CURB). The board of SITE Centers Corp. (NYSE:SITC) agreed to Spin-Off Convenience assets on October 30, 2023. As of October 1, 2024, The parties entered into a separation and distribution agreement on October 1, 2024. Shareholders of SITE Centers will receive shares of CURB via a taxable pro rata stock distribution. As per the transaction, SITE Centers shareholders will receive two shares of Curbline common stock for every one common share of SITE Centers held at the close of business on the record date of September 23, 2024. SITE Centers Board of Directors has unanimously approved the transaction. SITE Centers Corp. plans to spin off Convenience assets into a separate publicly-traded REIT to be named Curbline Properties Corp. The transaction is subject to certain conditions, including the effectiveness of CURB's Form 10 registration statement and final approval and declaration of the distribution by SITE Centers' Board of Directors. The transaction does not require shareholder approval. CURB expects to confidentially submit its initial draft Form 10 registration statement with the U.S. Securities and Exchange Commission in 2024, and the spin-off is expected to be completed on October 1, 2024. As of February 13, 2024, The spin-off is expected to be completed on or around October 1, 2024. As on September 11, 2024, in connection with the Spin Off, the Board of Directors of SITE Centers Corp reduced the size of the Board from eight members to five members.
Morgan Stanley & Co. LLC and Wells Fargo are acting as lead financial advisors and Jones Day is serving as legal counsel, Computershare Trust Company, National Association acted as a transfer agent to SITE Centers.
SITE Centers Corp. completed the Spin-Off of Curbline Properties Corp. on October 1, 2024. Buy Or Sell Opportunity • Sep 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to €51.26. The fair value is estimated to be €64.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 54%. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are also forecast to decline by 93% per annum over the same time period. Announcement • Aug 30
SITE Centers Corp. (NYSE:SITC) acquired Village Plaza and Brookhaven Station. SITE Centers Corp. (NYSE:SITC) acquired Village Plaza and Brookhaven Station on August 29, 2024. In other related transactions SITE Centers Corp acquired two other properties including Crocker Commons and Maple Corner for $88 million.
SITE Centers Corp. (NYSE:SITC) completed the acquisition of Village Plaza and Brookhaven Station on August 29, 2024. Recent Insider Transactions • Aug 26
Executive VP recently sold €318k worth of stock On the 21st of August, Conor Fennerty sold around 6k shares on-market at roughly €54.39 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €10m. This was Conor's only on-market trade for the last 12 months. Announcement • Aug 09
SITE Centers Corp. announced that it has received $530 million in funding SITE Centers Corp. announced a private placement with the amount of $530 million on August 7, 2024. The transaction included participation from new lenders, Athene Annuity and Life Company and ATLAS SP Partners, L.P. The company has issued mortgage loan facility in the transaction. The loan carries variable rate of interest to two one-year extensions at the borrowers’ option conditioned upon, among other items, the absence of an event of default, satisfaction of a debt yield requirement (12.5% with respect to the first extension option and 13.0% with respect to the second extension option) and payment of a fee at the time of each extension in the amount of 0.25% of the then outstanding principal amount of the loan. The loan will mature on September 6, 2026. Recent Insider Transactions • Aug 04
Independent Director recently sold €10m worth of stock On the 1st of August, Alexander Otto sold around 718k shares on-market at roughly €14.41 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €51m more than they bought in the last 12 months. Reported Earnings • Jul 31
Second quarter 2024 earnings released: FFO per share: US$0.2 (vs US$0.27 in 2Q 2023) Second quarter 2024 results: FFO per share: US$0.2 (down from US$0.27 in 2Q 2023). Revenue: US$115.7m (down 18% from 2Q 2023). Funds from operations (FFO): US$40.2m (down 30% from 2Q 2023). FFO margin: 35% (down from 41% in 2Q 2023). Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 17
SITE Centers Corp. to Report Q2, 2024 Results on Jul 30, 2024 SITE Centers Corp. announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024 Announcement • Jun 15
Pine Tree Commercial Realty, LLC completed the acquisition of Six Property Portfolio of SITE Centers Corp. Pine Tree Commercial Realty, LLC entered into a definitive agreement to acquire Six Property Portfolio of SITE Centers Corp. for approximately $500 million on May 17, 2024. Transaction is expected to close in Q2 of 2024.
Pine Tree Commercial Realty, LLC completed the acquisition of Six Property Portfolio of SITE Centers Corp. on June 13, 2024. Recent Insider Transactions • Jun 13
Independent Director recently sold €4.0m worth of stock On the 11th of June, Alexander Otto sold around 301k shares on-market at roughly €13.44 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.2m more than they bought in the last 12 months. Upcoming Dividend • Jun 11
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 09 July 2024. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.2%). Buy Or Sell Opportunity • May 21
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €12.80. The fair value is estimated to be €16.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 11% in a year. Earnings are forecast to decline by 86% in the next year. Declared Dividend • May 13
Dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 18th June 2024 Payment date: 9th July 2024 Dividend yield will be 4.9%, which is lower than the industry average of 5.6%. Announcement • May 09
SITE Centers Corp. Declares Common Stock Dividend for Second Quarter 2024, Payable on July 9, 2024 SITE Centers Corp. 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. Reported Earnings • May 01
First quarter 2024 earnings released: US$0.13 loss per share (vs US$0.059 profit in 1Q 2023) First quarter 2024 results: US$0.13 loss per share (down from US$0.059 profit in 1Q 2023). Revenue: US$122.1m (down 13% from 1Q 2023). Net loss: US$26.3m (down 313% from profit in 1Q 2023). Revenue is expected to fall by 3.4% p.a. on average during the next 2 years compared to a 3.1% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Site Centers Corp. Reports Impairment of Real Estate for First Quarter of 2024 SITE Centers Corp. reported impairment of real estate of $66,600,000 for first quarter of 2024. Announcement • Apr 16
SITE Centers Corp. to Report Q1, 2024 Results on Apr 30, 2024 SITE Centers Corp. announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024 Announcement • Apr 03
SITE Centers Corp., Annual General Meeting, May 08, 2024 SITE Centers Corp., Annual General Meeting, May 08, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider election of eight Directors; to consider authorization of the Company’s Board of Directors (the “Board”) to effect, in its discretion, a reverse stock split of the Company’s common shares and adoption of a corresponding amendment to the Company’s Fourth Amended and Restated Articles of Incorporation (the “Articles of Incorporation”); to consider approval, on an advisory basis, of the compensation of the Company’s named executive officers; and to consider ratification of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm. Announcement • Mar 15
SITE Centers Corp. Appoints Christina M. Yarian as Senior Vice President and Chief Accounting Officer On March 13, 2024, the Board of Directors of SITE Centers Corp. appointed Christina M. Yarian as Senior Vice President and Chief Accounting Officer of the Company, effective March 13, 2024. Ms. Yarian, age 46, most recently served as the Company’s Vice President and Corporate Controller since May 2015. Ms. Yarian holds a bachelor’s degree from Miami University. Upcoming Dividend • Mar 06
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 05 April 2024. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.3%). Announcement • Feb 29
SITE Centers Corp. Announces the Resignation of Christa A. Vesy, Executive Vice President and Chief Accounting Officer On February 22, 2024, Christa A. Vesy, Executive Vice President and Chief Accounting Officer of SITE Centers Corp. (the “ Company”), notified the Company that she will resign from the Company on March 8, 2024. It is anticipated that Ms. Vesy will remain the Company’s principal accounting officer until her resignation. Declared Dividend • Feb 16
Dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 13th March 2024 Payment date: 5th April 2024 Dividend yield will be 4.8%, which is lower than the industry average of 5.6%. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: US$1.22 (vs US$0.74 in FY 2022) Full year 2023 results: EPS: US$1.22 (up from US$0.74 in FY 2022). Revenue: US$546.3m (down 4.9% from FY 2022). Net income: US$254.5m (up 62% from FY 2022). Profit margin: 47% (up from 27% in FY 2022). Revenue is expected to fall by 6.5% p.a. on average during the next 3 years compared to a 2.1% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
SITE Centers Corp. Declares First Quarter Dividend, Payable on April 5, 2024 SITE Centers Corp. declared a dividend on its common stock of $0.13 per share for the first quarter of 2024. The dividend is payable on April 5, 2024 to shareholders of record at the close of business on March 14, 2024. Announcement • Feb 06
JBL Asset Management, LLC acquired Casselberry Commons from SITE Centers Corp. (NYSE:SITC) for $40.3 million. JBL Asset Management, LLC acquired Casselberry Commons from SITE Centers Corp. (NYSE:SITC) for $40.3 million on February 5, 2024.JBL Asset Management, LLC completed the acquisition of Casselberry Commons from SITE Centers Corp. (NYSE:SITC) on February 5, 2024. Announcement • Jan 26
SITE Centers Corp. to Report Q4, 2023 Results on Feb 13, 2024 SITE Centers Corp. announced that they will report Q4, 2023 results Pre-Market on Feb 13, 2024 Buying Opportunity • Dec 28
Now 20% undervalued Over the last 90 days, the stock is up 5.1%. The fair value is estimated to be €15.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 0.5% in 2 years. Earnings is forecast to decline by 44% in the next 2 years. Upcoming Dividend • Dec 19
Upcoming dividend of US$0.16 per share at 3.8% yield Eligible shareholders must have bought the stock before 26 December 2023. Payment date: 12 January 2024. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%). Announcement • Dec 14
SITE Centers Corp. Declares Special Dividend, Payable on January 12, 2024 SITE Centers Corp. 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. Upcoming Dividend • Dec 01
Upcoming dividend of US$0.13 per share at 3.9% yield Eligible shareholders must have bought the stock before 08 December 2023. Payment date: 05 January 2024. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.3%). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$0.22 (vs US$0.30 in 3Q 2022) Third quarter 2023 results: EPS: US$0.22 (down from US$0.30 in 3Q 2022). Revenue: US$144.8m (down 9.6% from 3Q 2022). Net income: US$45.9m (down 28% from 3Q 2022). Profit margin: 32% (down from 40% in 3Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Oct 17
SITE Centers Corp. to Report Q3, 2023 Results on Nov 02, 2023 SITE Centers Corp. announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023 Announcement • Sep 14
SITE Centers Corp. Declares Dividend on Common Stock for the Third Quarter of 2023, Payable on October 12, 2023 SITE Centers Corp. declared a dividend on its common stock of $0.13 per share for the third quarter of 2023. The dividend is payable on October 12, 2023 to shareholders of record at the close of business on September 26, 2023. New Risk • Jul 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings are forecast to decline by an average of 50% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). Announcement • Jul 26
SITE Centers Corp. (NYSE:SITC) acquired Briarcroft Center for $23.5 million. SITE Centers Corp. (NYSE:SITC) acquired Briarcroft Center for $23.5 million on May 8, 2023.SITE Centers Corp. (NYSE:SITC) completed the acquisition of Briarcroft Center on on May 8, 2023. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$0.012 (vs US$0.27 in 2Q 2022) Second quarter 2023 results: EPS: US$0.012 (down from US$0.27 in 2Q 2022). Revenue: US$138.2m (down 2.7% from 2Q 2022). Net income: US$2.56m (down 96% from 2Q 2022). Profit margin: 1.9% (down from 41% in 2Q 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
SITE Centers Corp. to Report Q2, 2023 Results on Jul 25, 2023 SITE Centers Corp. announced that they will report Q2, 2023 results Pre-Market on Jul 25, 2023 Upcoming Dividend • Jun 06
Upcoming dividend of US$0.13 per share at 4.1% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 06 July 2023. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.9%). Announcement • May 11
SITE Centers Corp. Declares Common Stock Dividend for Second Quarter 2023, Payable on July 6, 2023 SITE Centers Corp. declared a dividend on its common stock of $0.13 per share for the second quarter of 2023. The dividend is payable on July 6, 2023 to shareholders of record at the close of business on June 14, 2023. Reported Earnings • Apr 26
First quarter 2023 earnings released: FFO per share: US$0.3 (vs US$0.29 in 1Q 2022) First quarter 2023 results: FFO per share: US$0.3 (up from US$0.29 in 1Q 2022). Revenue: US$140.1m (up 4.1% from 1Q 2022). Funds from operations (FFO): US$61.9m (up 1.1% from 1Q 2022). FFO margin: 44% (down from 46% in 1Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.6% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €13.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is forecast to decline by 44% per annum over the same time period. Upcoming Dividend • Mar 09
Upcoming dividend of US$0.13 per share at 4.0% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 06 April 2023. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.0%). Announcement • Feb 15
Centers Declares Common Stock Dividend for the First Quarter 2023, Payable on April 6, 2023 SITE Centers Corp. declared a dividend on its common stock of $0.13 per share for the first quarter of 2023. The dividend is payable on April 6, 2023 to shareholders of record at the close of business on March 17, 2023. Reported Earnings • Feb 09
Full year 2022 earnings released: FFO per share: US$1.2 (vs US$1.17 in FY 2021) Full year 2022 results: FFO per share: US$1.2 (up from US$1.17 in FY 2021). Revenue: US$580.2m (flat on FY 2021). Funds from operations (FFO): US$251.0m (up 3.4% from FY 2021). FFO margin: 43% (up from 42% in FY 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
SITE Centers Corp. to Report Q4, 2022 Results on Feb 08, 2023 SITE Centers Corp. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 08, 2023 Recent Insider Transactions • Dec 30
Executive VP & Chief Investment Officer recently sold €141k worth of stock On the 27th of December, John Cattonar sold around 11k shares on-market at roughly €12.78 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.7m more than they bought in the last 12 months. Upcoming Dividend • Dec 01
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 06 January 2023. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.6%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Barry Sholem was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: FFO per share: US$0.3 (vs US$0.33 in 3Q 2021) Third quarter 2022 results: FFO per share: US$0.3 (down from US$0.33 in 3Q 2021). Funds from operations (FFO): US$61.6m (down 7.3% from 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 12
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 19 September 2022. Payment date: 07 October 2022. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.1%). Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$0.27 (vs US$0.065 in 2Q 2021) Second quarter 2022 results: EPS: US$0.27 (up from US$0.065 in 2Q 2021). Revenue: US$140.7m (up 1.0% from 2Q 2021). Net income: US$58.3m (up 328% from 2Q 2021). Profit margin: 41% (up from 9.8% in 2Q 2021). Over the next year, revenue is expected to shrink by 9.4% compared to a 2.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 01
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 06 July 2022. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.4%). Recent Insider Transactions • Apr 30
President recently sold €4.9m worth of stock On the 28th of April, David Lukes sold around 311k shares on-market at roughly €15.76 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.053 (vs US$0.054 in 1Q 2021) First quarter 2022 results: EPS: US$0.053. Revenue: US$134.3m (up 1.4% from 1Q 2021). Net income: US$11.1m (up 3.6% from 1Q 2021). Profit margin: 8.3% (up from 8.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 10% while the industry in Germany is not expected to grow. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Director Dawn Sweeney was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.