Site Centers reports Q3 operating FFO 11c vs 81c last year

Reports Q3 revenue $24.528M vs $59.666M last year. “Year to date, the Company has sold seven properties for an aggregate price of $380.9 million and declared aggregate dividends of $5.75 per share. In addition, we have in excess of $292 million of properties under contract for sale for which the buyers’ general due diligence condition has expired, and are also in earlier stages of the marketing and negotiation process with additional properties,” commented David R. Lukes, President and Chief Executive Officer. “SITE Centers (SITC) remains focused on maximizing the value of its assets through continued leasing, asset management and potential additional asset sales.”