SITC
SITE Centers Corp.6.31
-0.06-0.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
331.92MP/E (TTM)
11.69Basic EPS (TTM)
0.54Dividend Yield
0%Recent Filings
8-K
8-K
8-K
Nassau Park sale advances
SITE Centers Corp. advanced toward selling its Nassau Park Pavilion property in Princeton, New Jersey, for $137.6 million in cash after the due diligence period expired on September 30, 2025. The deal, struck with B33 Nassau Park Pavilion III LLC, carries a $98.5 million mortgage that triggers a $7.6 million make-whole premium at closing, expected in Q4 2025. Closing hinges on tenant estoppels and no major disruptions. Risks include failure to meet conditions.
10-Q
Q2 FY2025 results
SITE Centers Corp. reported Q2 2025 results with net income of $46.5M, up from $235.5M YoY, driven by $53.2M gain on dispositions. Revenue fell to $33.5M from $87.5M YoY due to property sales and spin-off. NOI declined to $6.9M from $40.2M YoY. Operating FFO dropped to $8.3M from $55.9M YoY. Debt yield metrics and tenant issues noted, with liquidity at $154M cash. Risks include economic conditions and interest rates.
8-K
SITE sells assets, pays dividends
SITE Centers sold five properties for $319 million in recent months, including The Promenade at Brentwood for $71.6 million and Winter Garden Village for $165 million, while leasing rates dipped to 88.1% amid the dispositions. The strategy sharpens focus on high-value assets, boosting liquidity through $4.75 per share dividends. Sales accelerate portfolio optimization. Yet, ongoing marketing of additional holdings signals potential volatility in occupancy.
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