Site Centers Corp. (DDR)
XBER XBER Primary Summary
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Site Centers Corp. Profile
| Retail REITs Industry | Real Estate Sector | David R. Lukes CEO | XBER Exchange | - ISIN |
| US Country | 172 Employees | - Last Dividend | 19 Aug 2024 Last Split | 2 Feb 1993 IPO Date |
Overview
SITE Centers is a prominent real estate investment trust (REIT) focusing on the ownership and management of open-air shopping centers. These shopping centers are specifically located in suburban areas characterized by high household incomes. As a self-administered and self-managed REIT, SITE Centers operates as a fully integrated real estate company, leveraging its expertise in the acquisition, management, and development of its properties. The company is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol SITC, highlighting its status as a significant player in the real estate market. This strategic focus positions the company advantageously in the market, catering to the needs of affluent communities through its well-curated selection of retail and service-oriented tenants.
Products and Services
- Ownership of Open-Air Shopping Centers
- Management of Open-Air Shopping Centers
- Real Estate Investment Trust (REIT) Services
SITE Centers specializes in the ownership of open-air shopping centers. These centers are strategically located in suburban areas with high household incomes, providing an ideal environment for retailers targeting affluent consumers. By owning these properties, SITE Centers benefits from rental income and the potential appreciation in property values over time.
In addition to ownership, SITE Centers offers comprehensive management services for its open-air shopping centers. This includes the day-to-day operations of the properties, tenant relations, property maintenance, and leasing activities. Their management expertise ensures that the shopping centers maintain high occupancy rates and continue to attract premium retail tenants.
As a self-administered and self-managed REIT, SITE Centers provides investment opportunities in the commercial real estate market, specifically focusing on shopping centers. Investors can participate in the growth and income potential of these properties through the purchase of SITC shares on the New York Stock Exchange. This allows for investment in real estate without the need to directly purchase or manage properties, offering a form of passive income and diversification of investment portfolios.
Contact Information
