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home / news releases / SITC - Q2 Retail REIT Apocalypse: Headline Numbers Don't Mean Squat


SITC - Q2 Retail REIT Apocalypse: Headline Numbers Don't Mean Squat

Earnings for retail REITs were, for a lack of a better word, a mess. However, they certainly appeared to be less of a doomsday result than many might have expected. After all, commonly cited measures like same-store net operating income ("SSNOI") and funds from operations ("FFO") were not all that bad. Heck, investors saw some firms reporting just high-single digit declines on SSNOI in the midst of rampant store closures.

However, all of these metrics are a bit of smoke and mirrors. Many were left scratching their heads. Rent collection rates averaged just 60% while

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Stock Information

Company Name: SITE Centers Corp.
Stock Symbol: SITC
Market: NYSE
Website: sitecenters.com

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