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NYSE:SITC

Site Centers Q3 2024 Earnings Report

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$2.98 -0.05 (-1.49%)
Closing price 03:59 PM Eastern
Extended Trading
$3.01 +0.04 (+1.31%)
As of 06:17 PM Eastern
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Site Centers EPS Results

Actual EPS
$6.07
Consensus EPS
$0.87
Beat/Miss
Beat by +$5.20
One Year Ago EPS
$1.32

Site Centers Revenue Results

Actual Revenue
$89.43 million
Expected Revenue
$104.55 million
Beat/Miss
Missed by -$15.12 million
YoY Revenue Growth
-37.50%

Site Centers Announcement Details

Quarter
Q3 2024
Time
Before Market Opens
Conference Call Date
Wednesday, October 30, 2024
Conference Call Time
9:30AM ET

Site Centers Earnings Headlines

Site Centers (NYSE:SITC) Rating Increased to Hold at Wall Street Zen
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About Site Centers

Site Centers (NYSE:SITC) (NYSE:SITC) is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of grocery-anchored shopping centers. The company’s portfolio comprises open-air retail properties that primarily serve daily needs tenants and national retailers. By concentrating on neighborhood and community shopping centers, Site Centers aims to provide stable occupancy levels and resilient income streams driven by essential services such as supermarkets, pharmacies and convenient dining options.

Originally known as DDR Corp., the company rebranded as Site Centers in 2021 to emphasize its strategic focus on high-quality retail assets and long-term value creation. Over its history, Site Centers has executed numerous redevelopment projects and dispositions to refine its portfolio mix, allocating capital toward properties in key U.S. markets. The REIT’s assets are primarily concentrated across the Sun Belt and Southeast regions, where population growth and consumer spending trends have supported demand for well-located, service-oriented retail centers.

Site Centers is led by an experienced executive team with expertise in real estate investment, asset management and property development. The company’s management emphasizes sustainability initiatives, community engagement and proactive leasing strategies to maintain strong tenant relationships and drive occupancy. Through disciplined capital allocation and strategic partnerships, Site Centers continues to pursue selective acquisitions and redevelopment opportunities that align with its core focus on grocery-anchored retail centers.

View Site Centers Profile