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SITC-News
SITC-Events
SITE Centers Q2 Revenue $6.952M vs $31.108M Last Year
Reports Q2 revenue $6.952M vs $31.108M last year. "Year to date, the Company has sold five properties, a land parcel and a joint venture interest for aggregate gross sales prices of approximately $167.8 million," commented David R. Lukes, President and Chief Executive Officer. "SITE Centers remains focused on maximizing the value of its remaining assets through additional asset sales and resolution of its investment in the DTP joint venture."
SITE Centers Sells Meadowmont Crossing for Approximately $11.1 Million
SITE Centers announced the sale of Meadowmont Crossing (Chapel Hill, NC) for approximately $11.1 million, prior to closing costs, prorations and other closing adjustments.
Site Centers Sells 3030 North Broadway in Chicago for Approximately $50.1M
Site Centers announced the sale of 3030 North Broadway in Chicago for approximately $50.1M, prior to closing costs, prorations and other closing adjustments.
Site Centers Sells FlatAcres MarketCenter for Approximately $24.4M
Site Centers announced the sale of FlatAcres MarketCenter in Parker, CO for approximately $24.4M, prior to closing costs, prorations and other closing adjustments.
SITE Centers Q4 Revenue $17.5M, Down from $32.9M Last Year
Reports Q4 revenue $17.5M vs. $32.9M last year. "2025 proved to be an active year successfully realizing value and returning capital to shareholders. The Company sold 14 properties during the year for an aggregate price of $752.5 million, declared aggregate dividends of $6.75 per share and paid off all consolidated mortgage debt. All remaining wholly-owned retail real estate assets are in the process of being marketed for sale as the Company remains focused on maximizing value for shareholders," commented David R. Lukes, President and Chief Executive Officer. "Since the spinoff of Curbline Properties, SITE Centers has sold over 66% of the Company's assets as measured by net operating income for the quarter ended December 31, 2024 on a pro rata basis and continues to make progress returning remaining capital to shareholders."
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