SITE Centers Corp. (SITC) Reports Q4 EPS of $0.93, Revenues Miss
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February 20, 2019 4:05 PM EST
BEACHWOOD, Ohio--(BUSINESS WIRE)--
SITE Centers Corp. (NYSE: SITC) today announced operating results for
the quarter ended December 31, 2018.
We successfully repositioned our portfolio, bolstered our balance sheet
and began pivoting to growth in 2018, commented David R. Lukes,
president and chief executive officer. Additionally, we made progress
on all three sources of growth in our long-term business plan, including
2.3% same store NOI growth in 2018, redevelopment completions, and $85
million of opportunistic investing, all supported by the $607 million
DTP joint venture that brought debt to EBITDA to 5.6x at year-end.
Results for the Quarter
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