RPT Realty Selected as a 2021 Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance

Rhea-AI Summary

RPT Realty (NYSE:RPT) has been awarded the 2021 Gold Green Lease Leader designation by the Institute for Market Transformation and the U.S. Department of Energy's Better Buildings Alliance. This recognition highlights RPT's commitment to sustainability and high-performance buildings through green leasing practices that enhance occupant health and energy efficiency. CEO Brian Harper emphasizes that this milestone is part of their ongoing commitment to maximizing shareholder value. RPT Realty manages a portfolio of 62 retail properties across the U.S., 92% leased as of March 31, 2021.

Positive

• Awarded Gold Green Lease Leader designation, reflecting commitment to sustainability and high-performance buildings.
• Utilization of green leases enhances occupant health and energy efficiency.
• Company's portfolio consists of 62 retail properties, with 92% leasing rate as of March 31, 2021.

Negative

• None.

NEW YORK, June 03, 2021 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that it was selected as a 2021 Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance. The Green Lease Leader program recognizes landlords, tenants and partnering real estate practitioners from a variety of sectors that incorporate green leasing to drive high-performance and healthy buildings. RPT was awarded Gold recognition, the highest Green Lease Leader designation, for using green leases to protect occupant health, increase energy efficiency, modernize buildings and improve tenant-landlord relationships.

“The Gold designation reflects our commitment to high performance and sustainability in buildings and best practice leasing,” said Brian Harper, President and CEO. “This milestone will be the first of many as we continue to advance our commitment to sustainability, which we believe to be a vital part of supporting our primary goal of maximizing value for our shareholders.”

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 March 31, 2021, our property portfolio consisted of 62 retail properties, including 49 multi-tenant shopping centers (five of these shopping centers are owned through a joint venture) and 13 net lease retail properties (all of which are owned through a separate joint venture) representing 11.9 million square feet of gross leasable area. As of March 31, 2021, the Company’s pro-rata share of the aggregate portfolio was 92.0% leased. For additional information about the Company please visit rptrealty.com.

Contact Information

Vin Chao
Senior Vice President - Finance
vchao@rptrealty.com
(212) 221-1752

FAQ

What is the significance of RPT Realty's Gold Green Lease Leader designation?

The Gold Green Lease Leader designation recognizes RPT Realty's commitment to sustainability and high-performance leasing practices.

How many retail properties does RPT Realty operate?

As of March 31, 2021, RPT Realty operates 62 retail properties.

What percentage of RPT Realty's properties were leased as of March 31, 2021?

RPT Realty's properties had a leasing rate of 92% as of March 31, 2021.

Who awarded the 2021 Gold Green Lease Leader designation to RPT Realty?

The designation was awarded by the Institute for Market Transformation and the U.S. Department of Energy's Better Buildings Alliance.

What are the main benefits of RPT Realty's green leasing practices?

RPT Realty's green leasing practices aim to protect occupant health, improve energy efficiency, and enhance tenant-landlord relationships.