Site Centers turns to Q2 FY26 net loss of $1.3 million; revenue drops to $6.95 million

Reuters2026/08/03 20:06

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Site Centers posted a GAAP net loss of $1.3 million, or $0.03 per diluted share, for the quarter ended June 30, 2026, swinging from profit.
GAAP revenue fell 77.66% to $6.95 million from the year-ago quarter, on lower rental income following property dispositions.
Non-GAAP operating FFO turned to a loss of $4.6 million, or $0.09 per diluted share, from income.
Unrestricted cash climbed to $238.9 million at June 30, 2026; the leased rate slipped 5.3 percentage points to 82.5%.
Delivered a buy-sell notice under the DTP joint venture; the partner must decide by Aug. 31 on a roughly $32.4 million or $129.6 million transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Site Centers Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608031605BIZWIRE_USPR_____20260803_BW456296) on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Site Centers turns to Q2 FY26 net loss of $1.3 million; revenue drops to $6.95 million

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