Information
SITE Centers Corp. (NYSE:SITC) announced today the tax allocations of 2025 distributions on its common shares. For shareholders of SITE Centers Corp. common shares, the Form 1099-DIV summarizes the allocation of 2025
Original sourceAI Summary
SITE Centers Corp. announced the tax allocations for 2025 distributions, revealing no ordinary dividends. The total capital gain distribution is projected at $6.75 per share, impacting shareholders' tax situations significantly.
Sentiment Rationale
The lack of ordinary dividends may lead to market disappointment, yet the capital gain distribution could provide some support. Historical patterns show that clarity in dividend distributions can stabilize stock prices.
Trading Thesis
SITC is a HOLD as dividend clarity surfaces, affecting short-term price movements.
Market-Moving
- Total capital gain distributions of $6.75 may attract investor interest.
- The absence of ordinary dividends may concern yield-focused investors.
- Upcoming record and payable dates could influence trading activity.
- Tax reporting details may clarify investor positions ahead of 2025.
Key Facts
- SITE Centers announced 2025 tax allocations for dividend distributions.
- The Form 1099-DIV reports allocation details for tax returns.
- No ordinary dividends are declared for shareholders in 2025.
- Total capital gain distribution is set at $6.75 per share.
- Important record and payable dates span from June to December 2025.
Companies Mentioned
- SITE Centers Corp. (SITC): Announcement of tax allocations affects shareholder tax reporting.
Corporate Developments
This news falls under Corporate Developments as it pertains to tax reporting of distributions, critical for investors focused on dividend income and portfolio management for the upcoming tax year.
SITE Centers Corp. (NYSE:SITC) announced today the tax allocations of 2025 distributions on its common shares.
For shareholders of SITE Centers Corp. common shares, the Form 1099-DIV summarizes the allocation of 2025 distributions. The amounts indicated on Form 1099-DIV should be reported on shareholders' 2025 federal income tax returns. The schedule below, presented in dollars on a per share basis, is provided for informational purposes only and should only be used to clarify the Form 1099-DIV.
Common Shares (NYSE:SITC)
Period |
CUSIP |
Record
|
Payable
|
Ordinary
|
Total
|
Return of
|
Total
|
Section
|
Unrecaptured
|
Distribution #1 |
82981J851 |
06/30/2025 |
07/15/2025 |
$0.000000 |
$0.752637 |
$0.747363 |
$1.500000 |
$0.000000 |
$0.719188 |
Distribution #2 |
82981J851 |
08/15/2025 |
08/29/2025 |
$0.000000 |
$1.630713 |
$1.619287 |
$3.250000 |
$0.000000 |
$1.558241 |
Distribution #3 |
82981J851 |
10/31/2025 |
11/14/2025 |
$0.000000 |
$0.501758 |
$0.498242 |
$1.000000 |
$0.000000 |
$0.479459 |
Distribution #4 |
82981J851 |
12/15/2025 |
12/30/2025 |
$0.000000 |
$0.501758 |
$0.498242 |
$1.000000 |
$0.000000 |
$0.479459 |
Total |
|
|
|
$0.000000 |
$3.386866 |
$3.363134 |
$6.750000 |
$0.000000 |
$3.236347 |
About SITE Centers Corp.
SITE Centers is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company's e-mail distributions for press releases and other investor news, please click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260120787484/en/
For additional information:
Gerald Morgan, EVP and Chief Financial Officer
216-755-5500