SITE Centers Plunges 12.19% on Disappointing Earnings, Delayed Trial

On April 3, 2025, SITE Centers experienced a significant drop of 12.19% in pre-market trading, reflecting investor concerns over the company's recent financial performance.

SITE Centers' fourth-quarter results revealed a year-over-year decline in both revenues and leased rates, which contributed to the stock's decline. The company's earnings missed analysts' estimates, further dampening investor sentiment.

Additionally, the company's Phase 3 4WARD trial enrollment completion timeline has been updated, pushing the anticipated top-line data to the second half of 2026. This delay has added to the uncertainty surrounding the company's future prospects, further impacting its stock price.