The company 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.
Quarterly results and balance sheet
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%.
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