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.

On June 30, 2026, a subsidiary of SITE Centers Corp. completed the sale of its ground leasehold interest and all other interests in The Pike Outlets located in Long Beach, California, to Pike Long Beach Owner LLC. The transaction was executed for a purchase price of $50.0 million in cash, resulting in net proceeds of approximately $46.5 million. SITE Centers Corp. is a real estate investment trust that owns and operates open-air shopping centers.