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RPT Realty - RPT STOCK NEWS

Welcome to our dedicated page for RPT Realty news (Ticker: RPT), a resource for investors and traders seeking the latest updates and insights on RPT Realty stock.

RPT Realty (RPT) is a prominent player in the commercial real estate sector, specializing in the ownership and operation of open-air shopping centers across major U.S. markets. These centers provide diverse and locally-curated retail experiences, tailored to reflect the lifestyles of the surrounding communities while meeting the modern expectations of their retail partners.

As a fully integrated and self-administered Real Estate Investment Trust (REIT), RPT Realty is publicly traded on the New York Stock Exchange under the ticker symbol RPT. The company's common shares, with a par value of $0.01 per share, are actively traded, making it a significant entity in the stock market.

As of June 30, 2020, RPT Realty's portfolio comprised 49 shopping centers, including five owned through joint ventures, covering a total gross leasable area of 11.9 million square feet. Impressively, the company's pro-rata share of the aggregate portfolio boasts a high occupancy rate of 93.6%, signaling robust tenant demand and effective property management.

RPT Realty continues to focus on enhancing the consumer experience through strategic partnerships and innovative projects, ensuring that their properties remain top choices for both retailers and customers. The company's commitment to quality and community-centered retail environments underscores its significance in the real estate market.

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Bain Capital Real Estate and 11North Partners form a strategic partnership to acquire and operate open-air retail centers in the U.S. and Canada. The platform will focus on retail opportunities with necessity-based tenants, led by CEO Brian Harper. The partnership aims to capitalize on the strong retail sector fundamentals and changing consumer behavior, leveraging Bain Capital's expertise in the retail space.
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RPT Realty (NYSE:RPT) shareholders approved the proposal for the mergers with Kimco Realty Corporation. Approximately 99.8% of votes were cast for the approval, representing about 87.6% of outstanding RPT common shares. The Mergers are expected to close on January 2, 2024, with RPT common shares to be delisted from the NYSE.
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RPT Realty (NYSE:RPT) Declares Special Dividend of $0.05444 per Share in Relation to Merger Agreement with Kimco Realty Corporation
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RPT Realty reports a net loss of $(7.9) million in Q3 2023 compared to a net income of $11.3 million in Q3 2022. Same property net operating income increased by 2.6% in Q3 2023. The company signed 747,672 square feet of leases, the highest quarterly amount since Q1 2010. The total leased-to-occupied spread increased to 490 basis points. RPT Realty is set to be acquired by Kimco Realty Corporation in a $2 billion all-stock transaction.
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RPT Realty declares regular cash dividend of $0.14 per common share and Series D convertible preferred share dividend of $0.90625 per share.
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RPT Realty (NYSE:RPT) to release Q3 2023 earnings press release on November 2, 2023.
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RPT Realty releases third annual Corporate Sustainability Report, showcasing progress in ESG initiatives.
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Kimco Realty and RPT Realty announce a definitive merger agreement in an all-stock transaction valued at approximately $2 billion.
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RPT Realty announces Q2 2023 financial and operating results with a net loss of $1.6 million compared to $5.1 million in the same period last year. Leasing volume exceeds 500,000 square feet for the fourth consecutive quarter. Company backfills Bed Bath & Beyond stores with leases from leading national retailers. Operating FFO per diluted share is $0.25. Same property NOI increases by 0.3%.
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RPT Realty (NYSE:RPT) has declared a regular cash dividend of $0.14 per common share for the third quarter of 2023. Additionally, a dividend of $0.90625 per share has been approved for the Series D convertible preferred shares. The dividends will be payable on October 2, 2023, to shareholders of record on September 20, 2023.
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FAQ

What is the market cap of RPT Realty (RPT)?

The market cap of RPT Realty (RPT) is approximately 1.1B.

What does RPT Realty do?

RPT Realty owns and operates open-air shopping centers in major U.S. markets, offering diverse retail experiences.

Where is RPT Realty traded?

RPT Realty is publicly traded on the New York Stock Exchange under the ticker symbol RPT.

What is the occupancy rate of RPT Realty's properties?

As of June 30, 2020, RPT Realty's portfolio had a pro-rata share occupancy rate of 93.6%.

How large is RPT Realty's property portfolio?

As of June 30, 2020, RPT Realty's portfolio consisted of 49 shopping centers, totaling 11.9 million square feet of gross leasable area.

What type of real estate does RPT Realty focus on?

RPT Realty specializes in open-air shopping centers that cater to the lifestyles of local communities.

Is RPT Realty a REIT?

Yes, RPT Realty is a fully integrated and self-administered Real Estate Investment Trust (REIT).

What is the par value of RPT Realty's common shares?

The par value of RPT Realty's common shares is $0.01 per share.

Who are the partners of RPT Realty?

RPT Realty collaborates with various retail partners to provide modern and diverse shopping experiences.

How many shopping centers does RPT Realty own through joint ventures?

RPT Realty owns five shopping centers through joint ventures as part of its portfolio.

Where can I find the latest news about RPT Realty?

The latest news about RPT Realty can be found on financial news websites and platforms such as Kimco Realty Corporation and Bain Capital Real Estate.

RPT Realty

NYSE:RPT

RPT Rankings

RPT Stock Data

1.13B
41.63M
1.98%
97.01%
3.14%
REIT - Retail
Real Estate
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United States
New York