A well-located portfolio, solid tenant roster and capital-recycling moves bode well for SITE Centers (SITC). However, rising e-commerce adoption and high interest rates are key woes.
BEACHWOOD, Ohio, May 08, 2024--SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers in suburban, high household income communities, today declared a dividend on its common stock of $0.13 per share for the second quarter of 2024. The dividend is payable on July 9, 2024 to shareholders of record at the close of business on June 18, 2024.
SITE Centers' (SITC) first-quarter results benefit from growth in base rent per square foot and same-store NOI.