Stock Track | SITE Centers Corp. Plummets 6.84% in Pre-Market on Disappointing Q4 Results and Weak Outlook

Stock Track

2025/02/27

SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers, saw its stock plummet 6.84% in pre-market trading on Thursday, following the company's disappointing fourth-quarter 2024 financial results and outlook.

For the fourth quarter, SITE Centers reported operating funds from operations (OFFO) of $0.16 per diluted share, significantly missing analysts' expectations of $0.22 per share. The company's quarterly revenues of $32.87 million also fell short of the consensus estimate of $66.78 million.

The weaker-than-expected results were primarily attributed to lower net operating income due to property dispositions and lower interest income. Additionally, SITE Centers incurred separation and other charges, as well as a write-off of preferred share original issuance costs during the quarter.

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Plummets 6.84% in Pre-Market on Disappointing Q4 Results and Weak Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-27 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers, saw its stock plummet 6.84% in pre-market trading on Thursday, following the company's disappointing fourth-quarter 2024 financial results and outlook.</p>\n\n<p>For the fourth quarter, SITE Centers reported operating funds from operations (OFFO) of $0.16 per diluted share, significantly missing analysts' expectations of $0.22 per share. 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The company's quarterly revenues of $32.87 million also fell short of the consensus estimate of $66.78 million.The we","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SITC":"SITE Centers Corp."},"translate_title":"由于第四季度业绩令人失望和前景疲软，SITE Centers Corp.盘前暴跌6.84%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SITC":1},"content_text":"SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers, saw its stock plummet 6.84% in pre-market trading on Thursday, following the company's disappointing fourth-quarter 2024 financial results and outlook.\nFor the fourth quarter, SITE Centers reported operating funds from operations (OFFO) of $0.16 per diluted share, significantly missing analysts' expectations of $0.22 per share. 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