Dividends & Buybacks ·
SITE Centers Corp. reported a second quarter net loss of $1.3 million ($0.03 per diluted share), compared to net…
SITCSITE Centers Corp.
SITE Centers Corp. reported a second quarter net loss of $1.3 million ($0.03 per diluted share), compared to net income of $46.5 million in the prior year period, driven by lower gains on property dispositions and increased impairment charges. The company sold Meadowmont Crossings and Pike Outlets for aggregate gross proceeds of $61.1 million and delivered a buy-sell notice regarding its DTP joint venture interest, requiring a resolution by August 31, 2026. Additionally, SITE Centers declared and paid a special cash dividend of $1.00 per share on July 31, 2026. The company operates in the real estate industry as an owner and manager of open-air shopping centers.