SITE Centers Tells NYSE It Will Delist Its Common Shares

What happened

SITE Centers Corp., a real estate investment trust based in Beachwood, Ohio, said in an 8-K filed Oct. 16, 2026 that it gave written notice to the New York Stock Exchange on Oct. 15 of its intention to voluntarily delist its common shares, par value $0.10 per share, from the NYSE.

The company said it acted under authority granted by its board of directors that became effective upon the sale of the company's interests in the Dividend Trust Portfolio joint venture.

SITE Centers said it intends to file a Form 25 with the SEC relating to the delisting on Nov. 23, 2026, and expects the delisting to be effective before trading begins on Dec. 4, 2026.

The company's common shares trade under the ticker SITC on the NYSE, according to the filing's cover page.

The stock move

The filing does not explain the share price move. On the event date, SITC closed at $3.43, up 13.95% from the prior close of $3.01, on volume of 10,082,958 shares — about 8.7 times the average volume of 1,161,179, according to the price data.

The 8-K does not state a reason for the price or volume change, and the sources provided do not connect the trading activity to the delisting notice.

What this means

A Form 8-K is a current report that a US public company files with the SEC to disclose material events between its regular quarterly and annual reports. Item 3.01 is the specific item for notice of delisting, failure to meet a continued listing rule, or a transfer of listing. Filing it satisfies the company's obligation to tell the market about the change promptly.

A voluntary delisting is different from being forced off an exchange for breaking listing rules. Here, the company itself told the NYSE it intends to leave, and the filing attributes that decision to board authority that took effect when it sold its stake in the Dividend Trust Portfolio joint venture. A joint venture is a business owned with partners; selling out of one can change a REIT's size and strategy, which is the context the filing gives for the board's authority.

A Form 25 is the formal application to strike a security from an exchange listing — either the company or the exchange can file one. For SITE Centers, that form is planned for Nov. 23, 2026, roughly a month after the notice to the NYSE, with the delisting expected to take effect before the open on Dec. 4, 2026. The dates are the company's stated timetable, not a forecast.

Once delisted, SITC shares would no longer trade on the NYSE. The filing does not say whether the shares will trade on another exchange or market, or what shareholders need to do, if anything. Readers should watch for later company disclosures on those points.