NYSE$SITC
SITE Centers Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported second quarter operating results.
SITE Centers Corp. announced operating results for the quarter ended June 30, 2022. The company had the highest quarterly new leasing volume since the first quarter of 2017 and significant capital recycling as they continue to invest in their Convenience thesis.
- Second quarter net income attributable to common shareholders was $57.6 million, or $0.27 per diluted share, as compared to net income of $13.8 million, or $0.06 per diluted share, in the year-ago period.
- Second quarter operating funds from operations attributable to common shareholders (“Operating FFO” or “OFFO”) was $66.5 million, or $0.31 per diluted share, compared to $65.3 million, or $0.31 per diluted share, in the year-ago period.
- Acquired seven shopping centers during the quarter for an aggregate price of $165.2 million.
- Sold 14 shopping centers and one parcel at a wholly-owned shopping center during the quarter for an aggregate price of $268.1 million ($94.6 million at share).
Headline financials
Revenue & EPS history
SITE Centers · Revenue · Quarterly
$141M
Revenue by segment
SITE Centers · $136M total across 2 segments · Q2 2023
- Rental Income$136M—99.7%
- Other Property Revenues$429K—0.3%
Forward guidance
The Company has updated its 2022 full-year guidance for net income attributable to common shareholders and Operating FFO per share to include the impact of the second quarter operating results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.3%
Avg return
Earnings day
-0.0%
Avg return
5 days after
-2.2%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+8.6%
Q2 2017
Best reaction
-8.8%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.7% | -1.1% | -11.2% | |
| Q4 2025 | -8.8% | -6.7% | -22.1% | |
| Q3 2025 | -1.9% | -15.5% | -15.0% | |
| Q1 2025 | +0.1% | +3.1% | -1.7% | |
| Q4 2024 | -5.1% | -7.6% | -13.1% | |
| Q3 2024 | -6.8% | -5.6% | -9.3% | |
| Q2 2024 | -1.0% | -1.3% | -3.5% | |
| Q1 2024 | +0.3% | +2.0% | +3.7% | |
| Q4 2023 | +2.4% | +2.1% | +0.9% | |
| Q3 2023 | +5.2% | +15.0% | +17.1% | |
| Q2 2023 | -3.4% | -4.8% | -11.8% | |
| Q1 2023 | -0.8% | +3.3% | -3.7% | |
| Q4 2022 | -0.8% | +1.3% | -11.1% | |
| Q3 2022 | +3.2% | +6.4% | +14.5% | |
| Q2 2022 | +3.9% | +0.4% | -4.1% | |
| Q1 2022 | -1.9% | -5.5% | -6.3% | |
| Q4 2021 | +1.6% | +2.0% | +8.5% | |
| Q3 2021 | +0.9% | -3.2% | +2.6% | |
| Q2 2021 | +2.9% | +2.7% | +5.1% | |
| Q1 2021 | +3.4% | +3.0% | -0.8% | |
| Q4 2020 | +2.7% | +6.3% | +7.1% | |
| Q3 2020 | -8.7% | -9.1% | +45.5% | |
| Q2 2020 | +7.8% | +4.3% | +10.0% | |
| Q1 2020 | -4.9% | -7.3% | -5.7% | |
| Q4 2019 | +2.9% | +3.5% | -35.7% | |
| Q3 2019 | +0.5% | +0.5% | -6.3% | |
| Q2 2019 | +3.6% | +3.1% | +0.1% | |
| Q1 2019 | +4.3% | +4.9% | +3.7% | |
| Q4 2018 | -0.6% | +0.8% | -1.5% | |
| Q3 2018 | +4.7% | +3.0% | -5.3% | |
| Q2 2018 | +0.3% | -2.3% | +5.4% | |
| Q1 2018 | +2.4% | +11.4% | +11.1% | |
| Q4 2017 | +7.6% | +5.3% | -2.1% | |
| Q3 2017 | +1.8% | +2.4% | -1.5% | |
| Q2 2017 | +8.6% | +2.5% | +0.6% | |
| Q1 2017 | -7.8% | -11.5% | -25.5% | |
| Q4 2016 | -4.0% | -6.2% | -14.6% | |
| Q3 2016 | -5.9% | -5.1% | -5.8% | |
| Q2 2016 | -0.6% | +1.9% | -4.6% | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | -1.1% | — | — | |
| Q3 2015 | +1.4% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | -3.1% | — | — | |
| Q4 2014 | +0.8% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | +0.6% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | -2.5% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | +0.6% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | -6.4% | — | — | |
| Q2 2011 | -3.5% | — | — | |
| Q1 2010 | +2.2% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2008 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2010 | -6.3% | — | — | |
| Q3 2009 | -6.3% | — | — | |
| Q2 2010 | -1.2% | — | — | |
| Q2 2009 | -1.2% | — | — | |
| Q4 2009 | -1.2% | — | — |
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