Overview

* SITE Centers ( SITC ) Q3 net loss of $6.2 mln due to impairments and lower rental income

* Operating FFO for Q3 was $5.6 mln, down from $42.8 mln a year ago

* The owner and manager ofopen-air shopping centers sold properties for $277.2 mln in Q3, impacting revenue

Outlook

* SITE Centers expects to close property sales worth $263.6 mln in Q4 2025

* Company remains focused on maximizing asset value through leasing and sales

Result Drivers

* PROPERTY DISPOSITIONS - Decrease in net income and operating FFO attributed to property dispositions and Curbline spin-off

* IMPAIRMENTS - Recorded $106.6 mln in impairments due to changes in hold period assumptions for five assets

* LEASING ACTIVITY - Executed six new leases and 23 renewals for 237,000 square feet during the quarter

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.13

Q3 Net -$6.20

Income mln

Q3 $5.60

Operatin mln

g FFO

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy."

* Wall Street's median 12-month price target for Site Centers Corp ( SITC ) is $12.00, about 38.3% above its November 4 closing price of $7.40

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)