NYSE$SITC
SITE Centers Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported operating results for the quarter ended September 30, 2022.
SITE Centers reported excellent operational and leasing performance, continued capital recycling and investments, and further strengthening of the balance sheet.
- Net income attributable to common shareholders was $63.4 million, or $0.30 per diluted share.
- Operating FFO was $62.8 million, or $0.29 per diluted share.
- Acquired five convenience shopping centers for an aggregate price of $31.4 million.
- Sold 15 shopping centers for an aggregate price of $450.6 million.
Headline financials
Revenue & EPS history
SITE Centers · Revenue · Quarterly
$139M
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 third quarter operating results.
Tailwinds
- Net income attributable to Common Shareholders $0.64 – $0.66
- Depreciation and amortization of real estate 0.92 - 0.94
- JVs' FFO 0.04 – 0.05
- Impairment of real estate (reported actual) 0.01
- Gain on sale and change in control of interests (reported actual) (0.21)
Headwinds
- Equity in net (income) of JVs (0.12)
- Gain on disposition of real estate (reported actual) (0.15)
- FFO (NAREIT) $1.15 – $1.16
- Debt extinguishment, transaction and other (reported actual) 0.01
- Operating FFO $1.16 – $1.17
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 Q3 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro