SITC / SITE Centers: Space Recapture From Weaker Tenants Is An Attractive Growth Opportunity (Rating Upgrade)

SITE Centers (SITC) under Fitch's "Rating Watch Positive" after it announces Convenience assets spin-off along with its Q3 results. A streamlined reta more_horizontal

SITE Centers announces strong 3Q results and increased full year same store NOI guidance. The company divests 15% of its total asset base at a cap rat more_horizontal

Although the revenue and EPS for SITE CENTERS CORP. (SITC) give a sense of how its business performed in the quarter ended September 2023, it might be more_horizontal

SITE CENTERS CORP. (SITC) came out with quarterly funds from operations (FFO) of $0.33 per share, beating the Zacks Consensus Estimate of $0.28 per sh more_horizontal

Strip Center REITs have slightly outperformed the average REIT YTD, despite a challenging year for REITs as a whole. Strip Center REITs benefit from n more_horizontal

A well-located portfolio, focus on essential retail business and capital-recycling moves bode well for SITE Centers (SITC). However, rising e-commerce more_horizontal

Healthy leasing activity at its shopping centers amid solid retailer demand, focus on essential retail business and capital-recycling moves are likely more_horizontal

SITE Centers' (SITC) second-quarter results beat estimates. The performance is aided by growth in annualized base rent and healthy leasing activity. more_horizontal