RPT Realty Declares Fourth Quarter 2022 Common and Preferred Share Dividends

Rhea-AI Summary

RPT Realty (NYSE:RPT) has declared a fourth quarter 2022 cash dividend of $0.13 per common share and $0.90625 per Series D convertible preferred share. These dividends cover the period from October 1 to December 31, 2022, payable on January 3, 2023 to shareholders on record as of December 20, 2022. As of June 30, 2022, RPT’s portfolio includes 47 wholly-owned shopping centers, totaling 14.9 million square feet of leasable area, with 93.3% leased occupancy, reflecting solid operational performance.

Positive

• Declared a fourth quarter cash dividend of $0.13 per common share.
• Fourth quarter Series D dividend of $0.90625 enhances shareholder returns.
• High occupancy rate of 93.3% indicates strong demand for retail space.

Negative

• None.

NEW YORK, Oct. 27, 2022 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a fourth quarter 2022 regular cash dividend of $0.13 per common share. The Board of Trustees also approved a fourth quarter 2022 Series D convertible preferred share dividend of $0.90625 per share. The current conversion ratio of the Series D convertible preferred shares can be found on the Company's website at investors.rptrealty.com/shareholder-information/dividends. The dividends for the period October 1, 2022 through December 31, 2022 are payable on January 3, 2023 for shareholders of record on December 20, 2022.

About RPT Realty

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the “NYSE”). The common shares of the Company, par value $0.01 per share are listed and traded on the NYSE under the ticker symbol “RPT”. As of June 30, 2022, the Company's property portfolio (the "aggregate portfolio") consisted of 47 wholly-owned shopping centers, 10 shopping centers owned through its grocery anchored joint venture, and 47 retail properties owned through its net lease joint venture, which together represent 14.9 million square feet of gross leasable area. As of June 30, 2022, the Company’s pro-rata share of the aggregate portfolio was 93.3% leased. For additional information about the Company please visit rptrealty.com.

Company Contact:

Vin Chao, Managing Director - Finance and Investments
19 W 44th St. 10th Floor, Ste 1002
New York, New York 10036
vchao@rptrealty.com
(212) 221-1752

FAQ

What is the Q4 2022 dividend amount for RPT Realty?

RPT Realty has declared a cash dividend of $0.13 per common share for Q4 2022.

When will the RPT Realty Q4 2022 dividend be paid?

The Q4 2022 dividend will be payable on January 3, 2023.

What is the record date for the RPT Realty Q4 2022 dividend?

The record date is December 20, 2022.

What is the Series D convertible preferred share dividend for RPT Realty?

The Series D convertible preferred share dividend is $0.90625 per share for Q4 2022.

How much of RPT Realty's portfolio is leased?

As of June 30, 2022, RPT Realty's portfolio was 93.3% leased.