SITE Centers Corp. (NYSE:SITC) Q1 2022 Earnings Conference Call April 26, 2022 8:00 AM ET

Company Participants

Monica Kukreja - Capital Markets & Investor Relations

David Lukes - Chief Executive Officer

Conor Fenerty - Chief Financial Officer

Conference Call Participants

Rich Hill - Morgan Stanley

Michael Bilerman - Citi

Todd Thomas - KeyBanc Capital Markets

Alexander Goldfarb - Piper Sandler

Samir Khanal - Evercore ISI

Mike Mueller - JPMorgan

Floris van Dijkum - Compass Point

Paulina Rojas Schmidt - Green Street

Ki Bin Kim - Truist

Linda Tsai - Jefferies

Tammi Fique - Wells Fargo

Haendel St. Juste - Mizuho

Operator

Good day and welcome to the SITE Centers First Quarter 2022 Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Monica Kukreja, Capital Markets and Investor Relations. Please go ahead.

Monica Kukreja

Thank you, Operator. Good morning and welcome to SITE Centers’ first quarter 2022 earnings conference call. Joining me today is Chief Executive Officer, David Lukes, and Chief Financial Officer, Conor Fenerty.

In addition to the press release distributed this morning, we have posted our quarterly financial supplement and slide presentation on our website at www.sitecenters.com, which is intended to support our prepared remarks during today’s call.

Please be aware that certain of our statements today may contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially from our forward-looking statements. Additional information may be found in our earnings press release and in our filings with the SEC, including our most recent reports on Form 10-K and 10-Q.

In addition, we will be discussing non-GAAP financial measures on today’s call, including FFO, operating FFO, and same store net operating income. Reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in today’s quarterly financial supplement.

At this time, it is my pleasure to introduce our Chief Executive Officer, David Lukes.

David Lukes

Good morning and thank you for joining our first quarter earnings call. We had an excellent start to the year with OFFO ahead of plan, another quarter of record leasing volume and the investment of the remaining proceeds from the $190 million distribution from RBI in three compelling properties.