Investing.com - Site Centers reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Site Centers announced earnings per share of $0.05 on revenue of $131.06M. Analysts polled by Investing.com anticipated EPS of $0.048 on revenue of $126.23M.
Site Centers shares are up 7.26% from the beginning of the year, still down 3.58% from its 52 week high of $17.61 set on November 5, 2021. They are outperforming the EUR/USD which is down 0% from the start of the year.
Site Centers shares gained 0.86% in intra-day trade following the report.
Site Centers follows other major Real Estate sector earnings this month
Site Centers's report follows an earnings beat by Prologis on April 19, who reported EPS of $1.54 on revenue of $1.08B, compared to forecasts EPS of $0.6806 on revenue of $1.08B.
Crown Castle had beat expectations on April 20 with first quarter EPS of $0.97 on revenue of $1.74B, compared to forecast for EPS of $0.9447 on revenue of $1.69B.
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