Site Centers reports Q4 operating FFO 26c, consensus 26c

Reports Q4 revenue $123.16M, consensus $129.52M. “Q4 was a significant time period for SITE Centers highlighted by the announced planned spin-off of the company’s Convenience assets, nearly $800 million of total transaction activity and over $1.5B of total financings closed or committed,” commented CEO David Lukes. “We are well underway on the timeline to form and scale the first public real estate company focused exclusively on Convenience properties and remain excited by the prospects and opportunity set. Additionally, we believe the transactions closed or announced in the last three months along with the significant disposition activity in process position both SITE Centers and Curbline Properties to create stakeholder value.”