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Dec 31, 2022
SITE Centers Q4 2022 Earnings Report
SITE Centers had a productive Q4 with results ahead of plan, executing on leasing and operational goals.
Key Takeaways
SITE Centers reported Q4 2022 operating results, with net income attributable to common shareholders at $25.4 million, or $0.12 per diluted share and Operating FFO at $62.5 million, or $0.29 per diluted share. The company acquired one convenience shopping center and sold four shopping centers and land parcels during the quarter. They also repurchased 2.2 million common shares.
Net income attributable to common shareholders was $25.4 million, or $0.12 per diluted share.
Operating FFO was $62.5 million, or $0.29 per diluted share.
Acquired Shops on Montview (Denver, CO) for $5.8 million.
Repurchased 2.2 million common shares at an aggregate cost of $28.8 million.
Revenue by Segment
Forward Guidance
The Company estimates net income attributable to common shareholders for 2023 to be from $0.16 to $0.24 per diluted share and Operating FFO to be from $1.10 to $1.16 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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