Investing.com - Site Centers reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Site Centers announced earnings per share of $0.06 on revenue of $126.71M. Analysts polled by Investing.com anticipated EPS of $0.0118 on revenue of $116.94M.
Site Centers shares are down 10% from the beginning of the year, still down 0.67% from its 52 week high of $16.50 set on July 29. They are under-performing the IBEX 35 which is up 8.75% from the start of the year.
Site Centers shares gained 6.36% 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 American Tower on Thursday, who reported EPS of $1.65 on revenue of $2.30B, compared to forecasts EPS of $1.27 on revenue of $2.2B.
Prologis had beat expectations on July 19 with second quarter EPS of $0.81 on revenue of $1.01B, compared to forecast for EPS of $0.4287 on revenue of $1.01B.
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