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Rpt Realty  (RPT)
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Price: $12.8300 $-0.33 -2.508%
Day's High: $13.17 Week Perf: -2.36 %
Day's Low: $ 12.83 30 Day Perf: 12.05 %
Volume (M): 40,084 52 Wk High: $ 13.79
Volume (M$): $ 514,273 52 Wk Avg: $10.45
Open: $13.13 52 Wk Low: $8.62



 Market Capitalization (Millions $) 1,100
 Shares Outstanding (Millions) 86
 Employees -
 Revenues (TTM) (Millions $) 210
 Net Income (TTM) (Millions $) 55
 Cash Flow (TTM) (Millions $) -4
 Capital Exp. (TTM) (Millions $) 38

Rpt Realty
Rpt Realty, also known as Retail Properties of America, Inc., is a leading real estate investment trust (REIT) based in Oak Brook, Illinois. The company specializes in owning and operating shopping centers across the United States, including open-air power centers, enclosed regional malls, and lifestyle centers. Rpt Realty invests in and manages a diverse portfolio of more than 100 retail properties that are primarily anchored by national and regional retailers.

Rpt Realty was founded in 2003 and was initially known as Inland Western Retail Real Estate Trust, Inc. In 2012, the company changed its name to Retail Properties of America, Inc. and became a publicly-traded REIT on the New York Stock Exchange. Through several strategic acquisitions and divestitures, Rpt Realty has grown its portfolio to approximately 23.5 million square feet of leasable space across 33 states.

The company's primary objective is to generate consistent cash flow through long-term leases with tenants and increase asset value through strategic management and development opportunities. Rpt Realty's tenants include a variety of national and regional retailers, such as Target, Walmart, Ross Dress for Less, TJ Maxx, Dick's Sporting Goods, and Best Buy, among others. The company's properties are strategically located in highly populated and economically diverse areas, making them attractive locations for retail tenants.

Rpt Realty's management team is highly experienced and skilled in the real estate industry, with years of experience in property acquisition, development, leasing, and management. The company has a strong track record of executing successful leasing strategies, identifying new development opportunities, and delivering value to shareholders.

In summary, Rpt Realty is a reputable REIT that specializes in owning and managing a diverse portfolio of retail properties across the United States. The company's strategy is to generate consistent cash flow through long-term leases with national and regional retailers, increase asset value through strategic management and development opportunities, and deliver value to shareholders.


   Company Address: 19 W 44th Street, New York, 10036 NY
   Company Phone Number: 221-1261   Stock Exchange / Ticker: NYSE RPT
   


   

Stock Performances by Major Competitors

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Merger and Acquisition

RPT Realty Shareholders Approve Mergers, Positioning Company for Growth

Published Tue, Dec 12 2023 9:15 PM UTC


NEW YORK, Dec. 12, 2023 - RPT Realty (NYSE:RPT) announced today that its shareholders have given their approval for the closing of the previously announced mergers in a special meeting. This crucial step paves the way for the implementation of the Agreement and Plan of Merger, entered into on August 28, 2023, between RPT Realty, Kimco Realty Corporation, and their respe...

Dividend

RPT Realty Declares Special Dividend and Adjusts Conversion Ratio in Merger Agreement with Kimco Realty Corporation

Published Mon, Nov 13 2023 9:45 PM UTC


In a recent press release, RPT Realty (NYSE:RPT) announced that its Board of Trustees has declared a special dividend of $0.05444 per common share. This move comes in connection with the previously announced definitive merger agreement between RPT and Kimco Realty Corporation, with both parties in agreement.
The special dividend will be paid in cash on December 21, ...

Rpt Realty

Rpt Realty Investors Navigate a 0.289% Revenue Improvement Amid Challenging Third Quarter Earnings Season of 2023

RPT Realty, a Real Estate Investment Trusts (REITs) company, recently released its financial results for the most recent fiscal period. The company reported a shortfall of $-0.09 per share, compared to $0.13 per share in the same period last year. This was also a decline from the previous reporting period, where the shortfall was $-0.02 per share. Despite this, the company's revenue grew slightly by 0.289% to $54.89 million from $54.73 million in the corresponding reporting period a year before. Sequentially, revenue advanced by 7.516% from $51.05 million.
However, it's important to note that RPT Realty's top-line rise was below the 4.76% growth achieved by the rest of the REITs industry in the third quarter of 2022.

Dividend

RPT Realty Announces Dividend Declarations: Enhancing Shareholder Value in Competitive Market

Published Wed, Oct 25 2023 8:15 PM UTC


In a recent press release, RPT Realty (NYSE:RPT) declared the payment of dividends for both common and preferred shareholders. The Board of Trustees has approved a regular cash dividend of $0.14 per common share, scheduled to be paid on December 21, 2023, to shareholders of record on December 7, 2023. Additionally, a Series D convertible preferred share dividend of $0.9...

Rpt Realty

RPT Realty Announces Single-Digit Revenue Decline for Q2 2023 Amid Sluggish Real Estate Demand



In the financial second quarter of 2023, Rpt Realty experienced a decline in demand, leading to a significant reduction in revenue and a larger deficit per stock. This report discusses the financial performance of Rpt Realty, analyzes key metrics such as revenue, net profits, operating margin, and provides insights into the company's outlook for the future.
Revenue Decreased by 7.664%:
During the second quarter of 2023, Rpt Realty observed a decline in revenue by 7.664%, amounting to $51.05 million compared to $52.25 million in the previous reporting period. This was largely attributed to lower demand and reduced market activity within the Real Estate Investment Trusts (REITs) sector.






 

Rpt Realty's Segments
 
 
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