SITE Centers Corp. (SITC) Reports Q4 EPS of $0.93, Revenues Miss
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SITE Centers Reports Fourth Quarter 2018 Operating Results
February 20, 2019 4:05 PM ESTBEACHWOOD, 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
... More