Site Centers reports Q2 operating FFO 27c, consensus 24c

Reports Q2 revenue $114.13M, consensus $113.5M. “The planned spin-off of Curbline Properties remains on track with further progress in the second quarter across all fronts highlighted by nearly $1B of quarterly transactions, 24% trailing-twelve month new leasing spreads for Curbline Properties, and over $50M of debt repurchased or retired prior to maturity,” commented David Lukes, CEO. “We remain excited to launch and scale what is expected to be the first public real estate company focused exclusively on Convenience properties and remain encouraged by the opportunity set and growth prospects, both organic and via acquisitions, for Curbline Properties.”