Site Centers Corp.

Site Centers Corp. is a self-administered and self-managed Real Estate Investment Trust (REIT) specializing in owning, leasing, acquiring, redeveloping, developing, and managing shopping centers predominantly in suburban, high household income communities across the United States. As of the end of 2023, Site Centers owned 114 shopping centers totaling 22.6 million square feet of gross leasable area, with a strong average occupancy rate of approximately 92%. The company's portfolio focuses primarily on open-air retail properties featuring convenience and essential retailers, catering to consumers’ demand for accessible shopping in affluent suburban markets. Site Centers emphasizes active and creative property management to deliver sustainable income primarily from rental revenues, supplemented by management fees from joint ventures. A recent strategic initiative includes spinning off convenience-focused assets into a separate publicly traded REIT, reflecting the company's adaptive asset management and growth strategy within the retail real estate sector.