RPT Realty (N:RPT)

Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEC
Company Contact
Address: 19 W 44th St Ste 1002
NEW YORK NY 10036-5902
Tel: N/A
Website: rptrealty.com
IR: See website
Key People
David J. Nettina
Independent Chairman of the Board of the Trustee
Brian L. Harper
President, Chief Executive Officer, Trustee
Michael P. Fitzmaurice
Chief Financial Officer, Executive Vice President
Timothy Collier
Executive Vice President - Leasing
Raymond J. Merk
Senior Vice President, Chief Accounting Officer
Business Overview
RPT Realty, formerly Ramco-Gershenson Properties Trust, is an equity real estate investment trust. The Company's primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. It conducts its business through its operating partnership, Ramco-Gershenson Properties, L.P. It invests in large, multi-anchored shopping centers that include national chain store tenants and supermarket tenants. National chain anchor tenants in its centers include, among others, Bed Bath and Beyond, Dick's Sporting Goods, and Home Depot. Supermarket anchor tenants in its centers include, among others, Publix Super Market, Whole Foods, Kroger and Sprouts. Its shopping centers are located in metropolitan markets, such as Metro Detroit, Southeast Florida, Greater Denver, Cincinnati, St. Louis, Jacksonville, Tampa/Lakeland, Milwaukee, Chicago and Atlanta.
Financial Overview
For the fiscal year ended 31 December 2019, RPT Realty revenues decreased 10% to $234.1M. Net income applicable to common stockholders increased from $10.5M to $84.3M. Revenues reflect FFO per Share (Diluted) decrease of 19% to $1, Fees/Management decrease of 9% to $230K. Net income reflects (Loss) gain on sale of real estate increase from $4M to $81.9M (income), Provision for impairment decrease from $13.7M (expense) to $0K.
Employees: 104 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,430M as of Dec 31, 2019
Annual revenue (TTM): $234.09M as of Dec 31, 2019
EBITDA (TTM): $132.80M as of Dec 31, 2019
Net annual income (TTM): $84.28M as of Dec 31, 2019
Free cash flow (TTM): -$77.28M as of Dec 31, 2019
Net Debt Last Fiscal Year: $821.48M as of Dec 31, 2019
Shares outstanding: 80,606,005 as of Mar 4, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization