Latest news with #SITECentersCorp
Yahoo
3 days ago
- Business
- Yahoo
SITE Centers Corp's (SITC) Special Dividend Boosts Investor Income in 2025
SITE Centers Corp. (NYSE:SITC) is included among the 14 Stocks that Paid Special Dividends in 2025. Aerial view of a shopping plaza, showcasing the expansive nature of the real estate company. In June, SITE Centers Corp. (NYSE:SITC) announced that it has completed the sale of The Promenade at Brentwood in Missouri for $71.6 million and Chapel Hills West in Colorado Springs for $23.7 million, before accounting for closing costs, prorations, and other adjustments. Part of the net proceeds was used to pay down $13.9 million in mortgage debt. In addition, SITE Centers Corp. (NYSE:SITC)'s Board of Directors declared a special cash distribution of $1.50 per common share. The company stopped paying regular dividends in 2024. SITE Centers Corp. (NYSE:SITC) owns and manages open-air shopping centers mainly situated in suburban areas with high household incomes. The company operates as a fully integrated real estate investment trust (REIT) that is both self-managed and self-administered. While we acknowledge the potential of SITC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
SITE Centers Corp's (SITC) Special Dividend Boosts Investor Income in 2025
SITE Centers Corp. (NYSE:SITC) is included among the 14 Stocks that Paid Special Dividends in 2025. Aerial view of a shopping plaza, showcasing the expansive nature of the real estate company. In June, SITE Centers Corp. (NYSE:SITC) announced that it has completed the sale of The Promenade at Brentwood in Missouri for $71.6 million and Chapel Hills West in Colorado Springs for $23.7 million, before accounting for closing costs, prorations, and other adjustments. Part of the net proceeds was used to pay down $13.9 million in mortgage debt. In addition, SITE Centers Corp. (NYSE:SITC)'s Board of Directors declared a special cash distribution of $1.50 per common share. The company stopped paying regular dividends in 2024. SITE Centers Corp. (NYSE:SITC) owns and manages open-air shopping centers mainly situated in suburban areas with high household incomes. The company operates as a fully integrated real estate investment trust (REIT) that is both self-managed and self-administered. While we acknowledge the potential of SITC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Connectez-vous pour accéder à votre portefeuille
Business Wire
21-07-2025
- Business
- Business Wire
SITE Centers Announces Closing of Sandy Plains Village
BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) announced today the sale of Sandy Plains Village (Roswell, GA) for $25.0 million, prior to closing costs, prorations and other closing adjustments. $18.1 million of net proceeds were used to repay mortgage debt. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. 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 To be included in the Company's e-mail distributions for press releases and other investor news, please click here.
Business Wire
17-06-2025
- Business
- Business Wire
SITE Centers Announces Two Closings and Special Common Distribution
BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) announced today the sale of The Promenade at Brentwood (Brentwood, MO) for $71.6 million and the sale of Chapel Hills West (Colorado Springs, CO) for $23.7 million, both prior to closing costs, prorations and other closing adjustments. A portion of net proceeds were used to repay $13.9 million of mortgage debt. The Company's Board of Directors also declared a special cash distribution on its common shares of $1.50 per common share payable on July 15, 2025 to shareholders of record at the close of business on June 30, 2025. About SITE Centers Corp. SITE Centers is an owner and manager of open-air shopping centers located primarily in suburban, high household income communities. 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 To be included in the Company's e-mail distributions for press releases and other investor news, please click here.
