BEACHWOOD, Ohio–(BUSINESS WIRE)–SITE Centers Corp. (NYSE: SITC) declared its second quarter 2019
Preferred Class J stock dividend of $0.406250 per depositary share,
Preferred Class K stock dividend of $0.39063 per depositary share and
Preferred Class A stock dividend of $0.39844 per depositary share.
Each Class J depositary share is equal to one-twentieth of a share of
SITE Centers’ 6.50% Class J Cumulative Redeemable Preferred Stock. The
declared Preferred Class J dividend covers the period beginning April
15, 2019 and ending July 14, 2019. The declared Preferred Class J
Dividend is payable July 15, 2019 to shareholders of record at the close
of business on June 28, 2019.
Each Class K depositary share is equal to one-twentieth of a share of
SITE Centers’ 6.25% Class K Cumulative Redeemable Preferred Stock. The
declared Preferred Class K dividend covers the period beginning April
15, 2019 and ending July 14, 2019. The declared Preferred Class K
Dividend is payable July 15, 2019 to shareholders of record at the close
of business on June 28, 2019.
Each Class A depositary share is equal to one-twentieth of a share of
SITE Centers’ 6.375% Class A Cumulative Redeemable Preferred Stock. The
declared Preferred Class A dividend covers the period beginning April
15, 2019 and ending July 14, 2019. The declared Preferred Class A
Dividend is payable July 15, 2019 to shareholders of record at the close
of business on June 28, 2019.
About SITE Centers Corp.
SITE is an owner and manager of open-air shopping centers that provide a
highly-compelling shopping experience and merchandise mix for retail
partners and consumers. The Company is a self-administered and
self-managed REIT operating as a fully integrated real estate company,
and is publicly traded on the New York Stock Exchange under the ticker
symbol SITC. Additional information about the Company is available at www.sitecenters.com.
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Safe Harbor
SITE Centers Corp. considers portions of the information in this press
release to be forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, both as amended, with respect to the Company’s
expectation for future periods. Although the Company believes that the
expectations reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that its expectations
will be achieved. For this purpose, any statements contained herein that
are not historical fact may be deemed to be forward-looking statements.
There are a number of important factors that could cause our results to
differ materially from those indicated by such forward-looking
statements, including, among other factors, local conditions such as
supply of space or a reduction in demand for real estate in the area;
competition from other available space; dependence on rental income from
real property; the loss of, significant downsizing of or bankruptcy of a
major tenant and the impact of any such event on rental income from
other tenants and our properties; redevelopment and construction
activities may not achieve a desired return on investment; our ability
to buy or sell assets on commercially reasonable terms; our ability to
complete acquisitions or dispositions of assets under contract; our
ability to secure equity or debt financing on commercially acceptable
terms or at all; our ability to enter into definitive agreements with
regard to our financing and joint venture arrangements and our ability
to satisfy conditions to the completion of these arrangements; the
termination of any joint venture arrangements or arrangements to manage
real property; property damage, expenses related thereto and other
business and economic consequences (including the potential loss of
rental revenues) resulting from extreme weather conditions in locations
where we own properties, and the ability to estimate accurately the
amounts thereof; sufficiency and timing of any insurance recovery
payments related to damages from extreme weather conditions; any change
in strategy; our ability to maintain REIT status. For additional factors
that could cause the results of the Company to differ materially from
those indicated in the forward-looking statements, please refer to the
Company’s most recent report on Form 10-K for the year ended December
31, 2018. The Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that arise
after the date hereof.
Contacts
SITE Centers Corp.
Matthew Ostrower, EVP and Chief Financial Officer
216-755-5500
