RPT Realty Declares Second Quarter 2022 Common and Preferred Share Dividends

Rhea-AI Summary

RPT Realty (NYSE:RPT) has declared a regular cash dividend of $0.13 per common share for the second quarter of 2022. Additionally, a dividend of $0.90625 per share on Series D convertible preferred shares has been approved. Both dividends cover the period from April 1, 2022, to June 30, 2022, and are payable on July 1, 2022, to shareholders of record as of June 17, 2022. RPT Realty operates open-air shopping destinations across key U.S. markets, owning 47 wholly-owned shopping centers among its extensive portfolio.

Positive

• Declared regular cash dividend of $0.13 per common share, signaling financial health.
• Approved $0.90625 dividend per Series D convertible preferred share, enhancing investor appeal.

Negative

• None.

NEW YORK, April 29, 2022 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a second quarter 2022 regular cash dividend of $0.13 per common share. The Board of Trustees also approved a second 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 April 1, 2022 through June 30, 2022 are payable on July 1, 2022 for shareholders of record on June 17, 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 December 31, 2021, 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 (R2G), 38 retail properties owned through its net lease joint venture (RGMZ) and one net lease retail property that was held for sale by the Company, which together represent 14.6 million square feet of gross leasable area. As of December 31, 2021, the Company’s pro-rata share of the aggregate portfolio was 93.1% 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 dividend amount declared by RPT Realty for Q2 2022?

RPT Realty declared a dividend of $0.13 per common share for Q2 2022.

When will the Q2 2022 dividends be paid?

The dividends will be paid on July 1, 2022.

What is the record date for RPT Realty's Q2 2022 dividend?

The record date for the dividend is June 17, 2022.

What dividend did RPT Realty declare for Series D convertible preferred shares?

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