SITE Centers Announces Tax Estimate for Curbline Properties Distribution
SITE Centers Corp. (SITC)
Last site centers corp. earnings: 4/30 06:30 am
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Source: Business Wire
BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) (the “Company” or “SITE Centers”) today provided additional information related to the spin-off and distribution of Curbline Properties Corp. (NYSE: CURB) (“Curbline Properties” or “CURB”). On October 1, 2024, each shareholder of SITE Centers received two common shares of Curbline Properties in a taxable spin. The fair market value of the CURB shares received by SITE Centers shareholders for federal income tax purposes has been determined by SITE Centers to be $22.29 per CURB share.Based upon preliminary taxable net income analysis to date, the Company estimates that approximately 21% of the CURB distribution constitutes a taxable capital gain and approximately 79% constitutes a return of capital. Full year 2024 operating results for SITE Centers could result in a change to the character of the CURB distribution. The final determination of the tax treatment of total 2024 distributions will be reported to SITE Center
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SITC
News
- SITE Centers Corp. (NYSE: SITC) had its price target lowered by analysts at Citigroup Inc. from $18.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- SITE Centers Corp. (NYSE: SITC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SITE Centers Corp. (NYSE: SITC) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- SITE Centers Corp. (NYSE: SITC) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Curbline Reports $250 Million in Acquisitions and Strong Leasing Metrics in Q3 Update [Yahoo! Finance]Yahoo! Finance
SITC
Earnings
- 10/30/24 - Beat
SITC
Sec Filings
- 12/26/24 - Form 4
- 12/23/24 - Form 144
- 12/18/24 - Form 4
- SITC's page on the SEC website