Welcome to our dedicated page for RPAI news (Ticker: RPAI), a resource for investors and traders seeking the latest updates and insights on RPAI stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RPAI's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RPAI's position in the market.
Retail Properties of America (RPAI) reported Q1 2021 financial results showing a net income of $4.7 million, down from $22.4 million in Q1 2020. Funds from operations (FFO) totaled $52.3 million, a decrease from $62.5 million year-over-year. Despite a 2.3% drop in same-store net operating income, cash collections improved to 96% of billed base rent. The company announced a Q1 dividend of $0.07 per share, up from $0.06 previously. RPAI has updated its 2021 FFO guidance to $0.83 to $0.87 per diluted share, bolstered by ongoing recovery in leasing activity.
Retail Properties of America, Inc. (NYSE: RPAI) announced that Urban Outfitters has signed a lease for a new 8,300 square foot location at the Circle East mixed-use redevelopment project in Towson, MD. This relocation from its existing store enhances the portfolio of sought-after brands at Circle East, which includes Shake Shack and Madison Reed. The project aims to create a vibrant retail environment complemented by high-end multifamily rental units. The development is part of RPAI's vision of delivering an engaging community experience for the Towson area.
Tommy John, known for its comfort-focused apparel, is set to open its first North Texas store in Southlake Town Square on April 3, 2021. This marks the brand's second location in Texas and fifth overall. The store will occupy a 1,925-square-foot space, strategically chosen for its vibrant shopping atmosphere. Co-founder Tom Patterson emphasized the increased demand for comfort in apparel, a sentiment echoed in their innovative product offerings. The new location complements Tommy John's four-year partnership with the Dallas Cowboys and reflects positive brand reception among Texans.
Retail Properties of America, Inc. (NYSE: RPAI) has declared a first-quarter 2021 dividend of $0.07 per Class A common share, an increase from $0.06 in the fourth quarter of 2020. The dividend is set to be paid on April 9, 2021, to stockholders of record as of March 26, 2021. The company operates 102 retail properties across the United States, managing approximately 20.0 million square feet of retail space. The dividend increase reflects the company's commitment to returning value to shareholders.
Retail Properties of America (NYSE: RPAI) announced that CEO Steven Grimes will present at the Citi 2021 Virtual Global Property CEO Conference on March 11, 2021, at 10:30 a.m. ET. The event can be accessed via this webcast link.
As of December 31, 2020, RPAI owned 102 retail properties in the U.S., covering 20.0 million square feet. More details are available at www.rpai.com.
Retail Properties of America, Inc. (NYSE: RPAI) will release its financial results for Q1 2021 on May 4, 2021, after the market closes. A conference call to discuss these results will take place on May 5, 2021, at 11:00 AM ET. Investors can access a live webcast on the Company's website. As of December 31, 2020, RPAI owned 102 retail properties across 20.0 million square feet in the U.S.
Retail Properties of America (RPAI) reported a significant decline in financial performance for Q4 and the full year ended December 31, 2020, largely due to the COVID-19 pandemic. Q4 net income fell to $1.8 million from $16.2 million in 2019, with funds from operations dropping to $40.5 million from $57.9 million. For the year, net income fell to $14.6 million, down from $32.4 million. Despite cash collections improving to 94.1% by February 2021, lease income decreased by $51.6 million annually. The company anticipates 2021 net income of $0.02 to $0.10 per share.
Retail Properties of America (RPAI) has announced the tax allocations for its 2020 dividend distributions on Class A Common Stock. Shareholders will receive a total of $0.441250 per share, which includes ordinary dividends and distributions eligible for the Section 199A deduction. The payment dates for these dividends range from January to October 2020, with specific record dates provided. Investors should consult a tax professional regarding the implications for their federal income tax returns. This disclosure is based on preliminary results and may be subject to adjustments.
Retail Properties of America (NYSE: RPAI) announced that its One Endicott office development in Ashburn, VA received a Wired Certified Platinum rating, signifying top-tier connectivity features. This certification marks One Endicott among elite commercial buildings, confirming its advanced technology and infrastructure. The development also meets modern tenant demands, incorporating COVID-19 adaptations like enhanced ventilation and touchless access. RPAI, as of September 30, 2020, operates 102 retail properties across 20 million square feet in the U.S.
Retail Properties of America, Inc. (NYSE: RPAI) announced a fourth-quarter dividend of $0.06 per share, up from $0.05 in the previous quarter. This increase reflects operational and financial progress, according to CEO Steve Grimes. The dividend will be paid on January 8, 2021, to shareholders on record as of December 23, 2020. RPAI owns and operates 102 retail properties in the U.S., totaling 20 million square feet as of September 30, 2020, and aims to continue growing dividend payouts in 2021.
