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Dec 31, 2024
SITE Centers Q4 2024 Earnings Report
SITE Centers reported fourth quarter 2024 results, simplifying capital structure and increasing commenced rate through new tenant store openings.
Key Takeaways
SITE Centers reported a net loss attributable to common shareholders of $13.2 million, or $0.25 per diluted share, for the fourth quarter of 2024. The company redeemed all outstanding 6.375% Class A Cumulative Redeemable Preferred Shares and reported a leased rate of 91.1% and a commenced rate of 90.6% at December 31, 2024.
Redeemed all outstanding 6.375% Class A Cumulative Redeemable Preferred Shares and the associated depositary shares at par.
A charge of $6.2 million was recorded for the write off of the remaining original issuance costs.
Leased rate of 91.1% at December 31, 2024.
Commenced rate of 90.6% at December 31, 2024.
Revenue by Segment
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