SITE CENTERS CORP. (SITC) Misses Q4 FFO and Revenue Estimates

Group 1: Financial Performance - SITE Centers Corp. reported quarterly funds from operations (FFO) of $0.16 per share, missing the Zacks Consensus Estimate of $0.23 per share, and down from $1.04 per share a year ago, representing an FFO surprise of -30.43% [1] - The company posted revenues of $32.87 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 22.94%, compared to year-ago revenues of $123.16 million [2] - Over the last four quarters, the company has surpassed consensus FFO estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - SITE Centers Corp. shares have lost about 4.9% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The company's future stock performance will largely depend on management's commentary on the earnings call and the sustainability of the stock's immediate price movement based on recently released numbers and future FFO expectations [3][4] - The current consensus FFO estimate for the coming quarter is $0.24 on revenues of $43.12 million, and for the current fiscal year, it is $0.92 on revenues of $173.92 million [7] Group 3: Industry Context - The REIT and Equity Trust - Retail industry, to which SITE Centers Corp. belongs, is currently in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions, suggesting that investors can track these revisions to gauge stock performance [5]