| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
214 |
| Employees |
200 |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
20 |
| Cash Flow (TTM) (Millions $) |
53 |
| Capital Exp. (TTM) (Millions $) |
131 |
Business Description
Retail Properties of America, Inc. (RPAI) is a publicly-traded real estate investment trust (REIT) that owns and operates a diverse portfolio of retail properties throughout the United States. The company focuses on acquiring and owning high-quality retail shopping centers that are located in densely populated and affluent markets.
RPAI owns more than 100 retail properties, with a total gross leasable area of approximately 21 million square feet. These properties are located in 28 states and are leased to a wide range of national, regional, and local retailers, including grocery stores, discount retailers, department stores, and specialty shops.
One of RPAI's key strengths is its portfolio diversification. The company's properties are located in both urban and suburban markets, allowing it to tap into different consumer demographics and shopping behaviors. Additionally, RPAI has a strong tenant roster that includes top-tier retailers such as Walmart, Kroger, TJ Maxx, Ross Dress for Less, and Bed, Bath & Beyond.
RPAI's properties are typically designed as open-air shopping centers, which are preferred by retailers due to their ability to create a more welcoming and engaging shopping experience for consumers. Many of RPAI's properties also include community-oriented spaces, such as green areas and recreational facilities, that further enhance the customer experience.
In terms of financial performance, RPAI has a strong track record of delivering consistent results for its investors. The company has a stable balance sheet with low leverage and a diversified funding base. RPAI's funds from operations (FFO) growth has been consistently positive, and the company regularly pays a dividend to its shareholders.
Overall, Retail Properties of America, Inc. is a well-established and respected player in the retail real estate market that has built a strong portfolio of high-quality properties in strategic locations. The company's focus on diversification, customer experience, and financial stability makes it an attractive investment option for those looking to gain exposure to the retail real estate sector.
Company Address: 2021 Spring Road Oak Brook 60523 IL
Company Phone Number: 634-4200 Stock Exchange / Ticker: NYSE RPAI
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