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: www.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 three months ended 31 March 2020, RPT Realty revenues decreased 11% to $52.9M. Net loss applicable to common stockholders totaled $1.5M vs. income of $8.6M. Revenues reflect FFO per Share (Diluted) decrease of 7% to $0.25, Rental income decrease of 11% to $51.7M, Other property income decrease of 38% to $803K. Net loss reflects Net Operating Income (NOI), Total decrease of 5% to $37M.
Employees: 104 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,482M as of Mar 31, 2020
Annual revenue (TTM): $227.26M as of Mar 31, 2020
EBITDA (TTM): $128.30M as of Mar 31, 2020
Net annual income (TTM): $74.16M as of Mar 31, 2020
Free cash flow (TTM): -$69.77M as of Mar 31, 2020
Net Debt Last Fiscal Year: $835.51M as of Mar 31, 2020
Shares outstanding: 80,586,058 as of May 4, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization