Business
SITE Centers Reports Fourth Quarter and Full-Year 2025 Results
BEACHWOOD, Ohio, February 26, 2026--SITE Centers Reports Fourth Quarter and Full-Year 2025 Results
About this update from Curbline Properties Corp.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/d3f1185ffdfe47ec785fc6c5ce478f62"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/g2zHq6ckFHdvqSVxbrMBAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/d3f1185ffdfe47ec785fc6c5ce478f62","width":480,"height":480}},"lazy":false},{"type":"text","content":"BEACHWOOD, Ohio, February 26, 2026--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC), an owner and manager of open-air shopping centers, announced today operating results for the quarter ended December 31, 2025.","length":211,"tagName":"p"},{"type":"text","content":""2025 proved to be an active year successfully realizing value and returning capital to shareholders. The Company sold 14 properties during the year for an aggregate price of $752.5 million, declared aggregate dividends of $6.75 per share and paid off all consolidated mortgage debt. All remaining wholly-owned retail real estate assets are in the process of being marketed for sale as the Company remains focused on maximizing value for shareholders," commented David R. Lukes, President and Chief Executive Officer. "Since the spinoff of Curbline Properties, SITE Centers has sold over 66% of the Company’s assets as measured by net operating income for the quarter ended December 31, 2024 on a pro rata basis and continues to make progress returning remaining capital to shareholders."","length":808,"tagName":"p"},{"type":"text","content":"Results for the Fourth Quarter","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fourth quarter net income attributable to common shareholders was $134.4 million, or $2.55 per diluted share, as compared to a net loss of $13.2 million, or $0.25 per diluted share, in the year-ago period. The increase year-over-year was primarily the result of higher gain on sale from dispositions, a decrease in interest expense and a decrease in preferred dividend expense, partially offset by the net impact of property dispositions, an increase in impairment charges and an increase in debt extinguishment costs.","length":518,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Fourth quarter oper...