Ramco-Gershenson Properties

RPT Realty operates as a real estate investment trust. The firm develops, manages, and leases out commercial properties. Its portfolio includes shopping centers, supermarkets, and retail shops. The company was founded on May 1, 1996 and is headquartered in New York, NY.

Earnings data Q1 2020

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q3 2024

Ramco-Gershenson Properties reports strong Q4 performance and strategic growth

Ramco-Gershenson Properties (RPT) delivered a strong performance in Q4 2022, showcasing growth, achievements, and strategic focus on market positioning and leasing.
The company faces challenges in backfilling certain stores, managing capital allocation, and maintaining optimal debt levels, requiring strategic adjustments.
Opportunities in leveraging leasing momentum, optimizing rents, and developing key properties offer avenues for growth and value creation in 2023.
Overall, Ramco-Gershenson Properties aims to continue pursuing excellence with a strong balance sheet and operational efficiency in the coming year.

Ramco-Gershenson Properties (RPT) excels in Q1 with strategic leasing and growth initiatives

RPT's Q1 performance reflects strong leasing environment and proactive strategies, positioning the company for growth and value creation.
While facing challenges in re-leasing Bed Bath locations and regulatory hurdles in Miami, RPT remains focused on maximizing portfolio value and operational efficiency.
Opportunities in redevelopment, tenant demand, and cost optimization underscore RPT's strategic vision and commitment to long-term sustainability and growth.

RPT Realty exceeds Q2 expectations, eyes growth amid challenges

RPT Realty delivered a strong quarter with robust financial performance, emphasizing growth prospects and strategic initiatives to drive value creation.
Despite challenges such as bankruptcies and market uncertainties, the company showcased resilience, strong credit quality, and effective leasing strategies.
Analyst inquiries and management insights highlighted a mix of challenges and opportunities, underscoring RPT Realty's proactive approach to navigating the market.

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Kimco Realty Corp. is a real estate investment trust company, which engages in the ownership and operation of open-air shopping centers. It also specializes in shopping center acquisitions, development and management. The company was founded by Milton Cooper and Martin S. Kimmel in 1973 and is headquartered in Jericho, NY.

Kimco Realty

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NCR Voyix Corp

NEW YORK , Dec. 19, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2: S&P SmallCap 600 constituent Livent Corp. (NYSE: LTHM) will replace NCR Voyix (NYSE: VYX) in the S&P MidCap 400, and NCR Voyix will replace Livent in the S&P SmallCap 600. Allkem Limited (ASX: AKE) is merging with Livent in a transaction expected to be completed on or about Thursday, January 4 pending final conditions.

Livent Set to Join S&P MidCap 400; NCR Voyix and Rush Enterprises to Join S&P SmallCap 600

NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that, at a special meeting of the shareholders of RPT (the “Special Meeting”), the RPT shareholders approved the proposal necessary for the closing of the previously announced mergers pursuant to the Agreement and Plan of Merger, dated as of August 28, 2023 (the “Merger Agreement”), by and among Kimco Realty Corporation (“Kimco”), Kimco Realty OP, LLC, a Delaware limited liability company and wholly owned subsidiary of Kimco (“Kimco OP”), Tarpon Acquisition Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Kimco (“Merger Sub”), Tarpon OP Acquisition Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Kimco OP (“OP Merger Sub”), RPT and RPT Realty, L.P., a Delaware limited partnership (“RPT OP”), whereby (i) OP Merger Sub will merge with and into RPT OP, with RPT OP surviving the partnership merger (the “Partnership Merger”), (ii) RPT will merge with and into Merger Sub (the “Company Merger” and, together with the Partnership Merger, the “Mergers”), with Merger Sub surviving the Company Merger as a wholly owned subsidiary of Kimco and (iii) immediately after the Company Merger, Kimco will contribute all outstanding membership interests of Merger Sub to Kimco OP.

RPT Realty Shareholders Approve Mergers

Equity Residential

Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of RPT Realty (RPT) and Equity Residential (EQR). But which of these two stocks presents investors with the better value opportunity right now?

RPT or EQR: Which Is the Better Value Stock Right Now?

Kimco's acquisition of RPT Realty is set to deliver a credit boost to RPT Realty's Series D preferreds. The all-stock transaction does not represent a fundamental change, so the preferreds will remain outstanding. They currently offer a higher yield on cost than Kimco's other outstanding preferreds but trade at a premium to their par value.

Kimco: RPT Realty's Preferreds To Get Credit Quality Boost After Acquisition

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of RPT Realty (NYSE: RPT) to Kimco Realty Corporation (NYSE: KIM). Under the terms of the proposed transaction, shareholders of RPT will receive 0.6049 of a newly-issued Kimco share for each share of RPT that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequ.

RPT REALTY INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of RPT Realty - RPT

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a special dividend of $0.05444 per common share in connection with the previously announced definitive merger agreement entered into by and between the Company and Kimco Realty Corporation and the parties thereto. The special dividend is payable in cash on December 21, 2023, to shareholders of record on December 7, 2023. As a result of the payment of the special dividend on common shares, the conversion ratio of the Series D convertible preferred shares will be adjusted in accordance with the Company's Articles of Restatement of Declaration of Trust, as amended and supplemented. 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.

RPT Realty Declares Special Cash Dividend of $0.05444 Per Share

Financial Highlights Net (loss) income attributable to common shareholders for the third quarter 2023 of $(7.9) million , or $(0.09) per diluted share, compared to $11.3 million , or $0.13 per diluted share for the same period in 2022 . Third quarter 2023 Operating funds from operations ("FFO") per diluted share of $0.24.

RPT Realty Reports Third Quarter 2023 Results

Office Properties Income Trust

Investors looking for stocks in the REIT and Equity Trust - Residential sector might want to consider either Office Properties Income Trust (OPI) or RPT Realty (RPT). But which of these two companies is the best option for those looking for undervalued stocks?

OPI vs. RPT: Which Stock Is the Better Value Option?

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a regular cash dividend of $0.14 per common share. The cash dividend is payable on December 21, 2023 for shareholders of record on December 7, 2023. The Board of Trustees also approved a 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 convertible preferred dividend is payable on January 2, 2024 for shareholders of record on December 20, 2023.

RPT Realty Declares Common and Preferred Share Dividends

Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Office Properties Income Trust (OPI) and RPT Realty (RPT). But which of these two stocks is more attractive to value investors?

OPI vs. RPT: Which Stock Should Value Investors Buy Now?

NEW YORK, Sept. 27, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that it will release its third quarter 2023 earnings press release after the market closes on Thursday, November 2, 2023.

RPT Realty Announces Third Quarter 2023 Earnings Release Date

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today the release of its third annual Corporate Sustainability Report. The report details RPT's strategy and performance in the areas of environmental, social and governance (ESG) and demonstrates the Company's commitment to be a disciplined steward of ESG principles through transparent, consistent and reliable reporting of our plans and ongoing progress. The report can be found on the Corporate Responsibility page of the RPT website.

RPT Realty Issues 2022 Corporate Sustainability Report

M&A activity in the shopping center space is increasing due to the mispricing of the market, creating opportunities for stock-for-stock transactions. Kimco's acquisition of RPT Realty is seen as a beneficial deal for both parties, with immediate gains for RPT shareholders and growth for Kimco. The next potential targets for M&A in the shopping center sector include Whitestone, KRG, BRX, and SITC, which are trading at attractive implied cap rates.

Retail M&A Heats Up With Kimco/RPT Merger

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Rates Up, REITs Down. Commercial and residential real estate markets remain an easy transmission mechanism - or "punching bag" - of the Federal Reserve's historically swift monetary tightening cycle. Higher For Longer? The business models of many private equity funds and non-traded REITs were not designed for a period of sustained 5%+ rates or double-digit declines in property values. "Hope" is the only strategy for some highly-levered property owners amid a dearth of buying interest and dwindling refinancing options. CRE transactions and capital market activity has dipped to GFC-era-lows.

REITs Are Historically Cheap

RPT REALTY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of RPT Realty - RPT

Real-estate investment trusts remain under pressure to build scale in the face of more difficult borrowing conditions nowadays, KeyBanc analyst Todd Thomas says.

After Kimco buys RPT, further tie-ups await in the world of real estate investment trusts: analyst

RPT Realty shares soared today after agreeing to be acquired by Kimco in an all-stock transaction valued at around $2 billion -- a roughly 19% premium to Friday's closing price. The combination makes strategic sense, with around 70% of RPT Realty's portfolio aligning with Kimco's key strategic markets.

Why RPT Realty Stock Soared Today

Kimco Realty Corp (NYSE: KIM) says it will buy peer RPT Realty (NYSE: RPT) for $2.0 billion including debt. Shares of the latter are up 20% at writing.

What made real estate investment trust RPT stock jump 20% on Monday?

MILWAUKEE , Aug. 28, 2023 /PRNewswire/ -- Ademi LLP is investigating RPT Realty (NYSE: RPT) for possible breaches of fiduciary duty and other violations of law in its transaction with Kimco. Click here to learn how to join the action https://www.ademilaw.com/case/rpt-realty or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether RPT Realty has obtained a Fair Price in its transaction with Kimco

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of RPT Realty (NYSE: RPT) to Kimco Realty for 0.6049 of a newly-issued Kimco share for each RPT share is fair to RPT shareholders. At closing, RPT shareholders are expected to own approximately 8% of the combined company. Halper Sadeh encourages RPT shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or.

RPT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of RPT Realty Is Fair to Shareholders

RPT Realty RPT, -0.31% stock was up 11.8% in premarket trading on Monday after it said it agreed to be acquired by Kimco Realty Corp. KIM, +0.16% in an all-stock deal that values the New York-based shopping center owner at $2 billion including debt. RPT shareholders will receive 0.6049 of a newly-issued Kimco share for each RPT share they own.

RPT Realty rallies on all-stock merger deal with RP Kimco Realty

JERICHO, N.Y. & NEW YORK--(BUSINESS WIRE)--Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, and RPT Realty (“RPT”) (NYSE: RPT), a publicly traded owner and operator of a national portfolio of open-air shopping center destinations principally located in top U.S. markets, today announced a definitive merger agreement under which RPT will be ac.

Kimco Realty® to Acquire RPT Realty in All-Stock Transaction

Retail REITs have become opportunistic investment opportunities, particularly in the retail sector. RPT Realty has experienced a relative collapse in share prices despite positive operating results. RPT Realty offers investors access to retail cash flow and real estate at a lower price compared to peers.

RPT Realty: Undeservedly Discounted

RPT Realty (NYSE:RPT ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Craig Benigno - Investor Relations Brian Harper - President and CEO Michael Fitzmaurice - CFO Conference Call Participants Ravi Vaidya - Mizuho Securities Mike Mueller - J.P. Morgan Floris Van Dijkum - Compass Point Research Alec Feygin - Robert W.

RPT Realty (RPT) Q2 2023 Earnings Call Transcript

RPT Realty (RPT) came out with quarterly funds from operations (FFO) of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.27 per share a year ago.

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