Stock Track | SITE Centers Corp. Plunges 6.46% in Pre-Market on Disappointing Q4 Results and Outlook

Stock Track

Feb 27, 2025

SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers, plunged 6.46% in pre-market trading on Thursday, following the company's disappointing fourth-quarter 2024 results and outlook.

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

The company attributed the weaker-than-expected results to lower net operating income as a result of 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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1113156166"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1113156166\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1113156166?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-27 21:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1113156166","market":"hk","top_or_hot":-1,"title":"Stock Track | SITE Centers Corp. Plunges 6.46% in Pre-Market on Disappointing Q4 Results and Outlook","media":"Stock Track","content":"<p>SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers, plunged 6.46% in pre-market trading on Thursday, following the company's disappointing fourth-quarter 2024 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, missing analysts' expectations of $0.22 per share. The company also posted quarterly revenues of $32.87 million, significantly lower than the consensus estimate of $66.78 million.</p>\n\n<p>The company attributed the weaker-than-expected results to lower net operating income as a result of 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.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | SITE Centers Corp. Plunges 6.46% in Pre-Market on Disappointing Q4 Results and Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | SITE Centers Corp. Plunges 6.46% in Pre-Market on Disappointing Q4 Results and 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 21:13</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, plunged 6.46% in pre-market trading on Thursday, following the company's disappointing fourth-quarter 2024 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, missing analysts' expectations of $0.22 per share. The company also posted quarterly revenues of $32.87 million, significantly lower than the consensus estimate of $66.78 million.</p>\n\n<p>The company attributed the weaker-than-expected results to lower net operating income as a result of 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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SITC","symbol_name":"SITE Centers Corp.","start_time":0,"source_url":"","article_id":"1113156166","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113156166","pubTimestamp":1740662011,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SITE Centers Corp. , an owner of open-air shopping centers, plunged 6.46% in pre-market trading on Thursday, following the company's disappointing fourth-quarter 2024 results and outlook.For the fourth quarter, SITE Centers reported operating funds from operations  of $0.16 per diluted share, missing analysts' expectations of $0.22 per share. The company also posted quarterly revenues of $32.87 million, significantly lower than the consensus estimate of $66.78 million.The company attributed the ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SITC":"SITE Centers Corp."},"translate_title":"由于第四季度业绩和前景令人失望，股票跟踪SITE Centers Corp.盘前暴跌6.46%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SITC":1},"content_text":"SITE Centers Corp. (NYSE: SITC), an owner of open-air shopping centers, plunged 6.46% in pre-market trading on Thursday, following the company's disappointing fourth-quarter 2024 results and outlook.\nFor the fourth quarter, SITE Centers reported operating funds from operations (OFFO) of $0.16 per diluted share, missing analysts' expectations of $0.22 per share. The company also posted quarterly revenues of $32.87 million, significantly lower than the consensus estimate of $66.78 million.\nThe company attributed the weaker-than-expected results to lower net operating income as a result of 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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}