Company intelligence

SITC

SITE Centers Corp. · NYSE · Real Estate

Price$3.02+1.17% · +$0.04

Market cap158.21MEquity value

P / E1.3Trailing ratio

Volume388.04KLatest session

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SITC price chart

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SITCSep 3, 2024-5.02% since signal

SITE Centers Disposes of 11 Shopping Centers and Acquires 4

SITC sold 11 shopping centers for $552.7 million, boosting liquidity. Acquired four convenience properties for $88 million, enhancing portfolio. Successful mortgage facility of $530 million strengthens financial position. Recent initiatives improve balance sheet, enabling long-term growth potential. E-commerce growth poses risks due to potential tenant bankruptcies.

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SITCJul 1, 2024

Should You Retain SITE Centers (SITC) Stock in Your Portfolio?

- SITC's retail real estate assets are well-located in high household income regions. - The company's strong tenant roster and capital-recycling program contribute to stability. - SITC has ample financial flexibility with no consolidated debt maturities through year-end 2024. - Rising e-commerce adoption and elevated interest rates are potential challenges for SITC. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis

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Research