Site Centers

SITE Centers has completed the sale of the Meadowmont Market shopping center in Chapel Hill, North Carolina, for around $11.0 million. After adjustments for prorated reimbursements and closing costs, net proceeds amounted to about $10.7 million. Information about the buyer and the exact transaction date was not disclosed. » More on de.investing.com

SITE Centers divested its ground leasehold and remaining stake in The Pike Outlets for $50 million in cash, yielding net proceeds of about $46.5 million after adjustments. The board approved a $1 per share special cash dividend payable July 31 to shareholders of record on July 17, with an ex-dividend date of August 3. The NYSE indicated the shares will likely trade on a due-bill basis during the entitlement period. » More on finance.yahoo.com

SITE Centers sold its leasehold interest and other stakes in The Pike Outlets in Long Beach for $50.0 million in cash; net proceeds were about $46.5 million after adjustments. The board approved a special distribution of $1.00 per common share, payable on July 31, 2026 to shareholders of record on July 17, 2026; the shares will trade in the record period with due bills, and the ex-dividend date is August 3, 2026. The announcement cites the sale as a liquidity measure, while the stock is trading just above its 52-week low. » More on de.investing.com