SITE Centers (SITC) Q2 OFFO Beat Estimates, Stock Rises

Shares of SITE Centers Corp. (SITC) rose 2.63% in the Jul 30 regular trading session on the NYSE after it reported second-quarter 2024 operating funds from operations (OFFO) per share of 27 cents, which beat the Zacks Consensus Estimate of 24 cents. The results reflected a rise in base rent per square foot and same-store net operating income (NOI). SITE Centers generated revenues of $114.1 million, which missed the Zacks Consensus Estimate of$114.7 million. On a year-over-year basis, the top line declined ...