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 $0.27 on revenue of $137.13M. Analysts polled by Investing.com anticipated EPS of $0.0374 on revenue of $130.69M.
Site Centers shares are down 8.72% from the beginning of the year, still down 17.94% from its 52 week high of $17.61 set on November 5, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Site Centers shares gained 2.77% 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 $1.95 on revenue of $2.67B, compared to forecasts EPS of $0.9577 on revenue of $2.65B.
Prologis had beat expectations on July 18 with second quarter EPS of $0.82 on revenue of $1.09B, compared to forecast for EPS of $0.6478 on revenue of $1.11B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar