SITE Centers Corp. (SITC) Tops Q1 EPS by 12c, Revenues Miss; Offers FY19 EPS Guidance

SITE Centers Corp. (NYSE: SITC) reported Q1 EPS of $0.15, $0.12 better than the analyst estimate of $0.03. Revenue for the quarter came in at $112.22 million versus the consensus estimate of $120.05 million.

“Our focus on leasing and operations began to bear fruit in the first quarter of 2019, with same store NOI growth and, in turn, OFFO well above plan,” commented David R. Lukes, president and chief executive officer. “Leasing is the most important component of SITE Centers’ five-year plan and we remain excited about our momentum and prospects for growth in 2019.”

GUIDANCE:

SITE Centers Corp. sees FY2019 EPS of $0.25-$0.30, versus the consensus of $0.07.

For earnings history and earnings-related data on SITE Centers Corp. (SITC) click here.

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