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SITE Centers Declares Common Stock Dividend of $0.20 for First Quarter 2020

February 12, 2020 GMT

BEACHWOOD, Ohio--(BUSINESS WIRE)--Feb 12, 2020--

SITE Centers Corp. (NYSE: SITC) today declared its first quarter 2020 common stock dividend of $0.20 per share. The common stock dividend is payable on April 2, 2020 to shareholders of record at the close of business on March 10, 2020.

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. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

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 increased supply of, or a reduction in demand for, retail real estate in the area; dependence on rental income from real property; the loss, significant downsizing or bankruptcy of a major tenant and the impact of any such event on rental income from other tenants and our properties; the impact of e-commerce; 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; impairment charges; 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 or natural disasters 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 or natural disasters; any change in strategy; and 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200212005775/en/

CONTACT: Conor Fennerty, 216-755-5500

EVP and Chief Financial Officer

KEYWORD: UNITED STATES NORTH AMERICA OHIO

INDUSTRY KEYWORD: SUPERMARKET SPECIALTY ENTERTAINMENT OFFICE PRODUCTS TEENS HOME GOODS RETAIL GENERAL ENTERTAINMENT RESTAURANT/BAR REIT OTHER CONSUMER WOMEN CONVENIENCE STORE MEN FAMILY CONSUMER SUPPLY CHAIN MANAGEMENT OTHER CONSTRUCTION & PROPERTY OTHER ENTERTAINMENT COMMERCIAL BUILDING & REAL ESTATE DISCOUNT/VARIETY CONSTRUCTION & PROPERTY DEPARTMENT STORES OTHER RETAIL

SOURCE: SITE Centers Corp.

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PUB: 02/12/2020 04:05 PM/DISC: 02/12/2020 04:05 PM

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