RPT Realty Declares Third Quarter 2022 Common and Preferred Share Dividends

Rhea-AI Summary

RPT Realty (NYSE:RPT) has declared a cash dividend of $0.13 per common share for Q3 2022, payable on October 3, 2022, to shareholders of record on September 20, 2022. Additionally, a dividend of $0.90625 per Series D convertible preferred share has been approved. The dividends cover the period from July 1 to September 30, 2022. RPT Realty manages a portfolio of 47 shopping centers and 40 retail properties, with a pro-rata share of their portfolio being 93.2% leased as of March 31, 2022.

Positive

• Declared a common share dividend of $0.13 per share.
• Approved a dividend of $0.90625 per Series D convertible preferred share.
• High leasing rate of 93.2% in the portfolio.

Negative

• None.

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a third quarter 2022 regular cash dividend of $0.13 per common share. The Board of Trustees also approved a third 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 July 1, 2022 through September 30, 2022 are payable on October 3, 2022 for shareholders of record on September 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 (the “common shares”) are listed and traded on the NYSE under the ticker symbol “RPT”. As of March 31, 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 40 retail properties owned through its net lease joint venture, which together represent 14.6 million square feet of gross leasable area (“GLA”). As of March 31, 2022, the Company’s pro-rata share of the aggregate portfolio was 93.2% 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 for RPT Realty for Q3 2022?

RPT Realty declared a cash dividend of $0.13 per common share for Q3 2022.

When will the dividend for RPT Realty be paid?

The dividend will be paid on October 3, 2022, to shareholders of record on September 20, 2022.

What is the dividend for Series D convertible preferred shares?

RPT Realty approved a dividend of $0.90625 per Series D convertible preferred share.

What percentage of RPT Realty's portfolio is leased?

As of March 31, 2022, RPT Realty's pro-rata share of the portfolio was 93.2% leased.