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 ÂNYSEÂ). The common shares of the Company, par value $0.01 per share (the Âcommon sharesÂ) are listed and traded on the NYSE under the ticker symbol ÂRPTÂ. As of June 30, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. As of June 30, 2020, the Company's pro-rata share of the aggregate portfolio was 93.6% leased.
IPO Year: 2015
Exchange: NYSE
Website: rptrealty.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/31/2024 | $4.00 | Buy | Janney |
| 1/4/2023 | $13.00 → $12.00 | Buy → Hold | Deutsche Bank |
| 11/1/2022 | $10.00 | Outperform → Neutral | Credit Suisse |
| 8/16/2022 | $12.00 → $11.00 | Buy → Neutral | Mizuho |
| 6/30/2022 | $16.00 → $10.00 | Buy → Hold | Jefferies |
| 6/23/2022 | $13.00 | Outperform | Credit Suisse |
| 2/18/2022 | $16.00 → $15.00 | Outperform | Raymond James |
| 11/5/2021 | $15.00 → $16.00 | Outperform | Raymond James |
| 10/14/2021 | $16.00 | Buy | Mizuho |
4 - Rithm Property Trust Inc. (0001614806) (Issuer)
SCHEDULE 13G/A - Rithm Property Trust Inc. (0001614806) (Subject)
10-Q - Rithm Property Trust Inc. (0001614806) (Filer)
8-K - Rithm Property Trust Inc. (0001614806) (Filer)
8-K - Rithm Property Trust Inc. (0001614806) (Filer)
DEFA14A - Rithm Property Trust Inc. (0001614806) (Filer)
DEF 14A - Rithm Property Trust Inc. (0001614806) (Filer)
8-K - Rithm Property Trust Inc. (0001614806) (Filer)
424B5 - Rithm Property Trust Inc. (0001614806) (Filer)
CERT - Rithm Property Trust Inc. (0001614806) (Filer)
8-K - Rithm Property Trust Inc. (0001614806) (Filer)
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. The combined company will be considered US domiciled for index purposes, and Livent will be treated as the surviving entity. Post merger, the company will be named Arcadium Lithium
NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) ("RPT" or the "Company") announced today the appointment of Amy Sands as Executive Vice President, Head of Investments, effective May 8, 2023. Based in the Company's New York office, Ms. Sands will report to Brian Harper, President and CEO. Ms. Sands' hiring represents a consolidation of the Company's investment activities under one team that will source acquisitions for RPT's wholly owned portfolio, as well as for the Company's grocery-anchored joint venture platform and the Company's retail net lease joint venture platform. Ms. Sands will also be responsible for the Company's disposition activities. Following the consolid
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) today announced the following information for the quarter ended March 31, 2025. First Quarter 2025 Financial Highlights: GAAP comprehensive income of $1.1 million, or $0.02 per diluted common share1,2 Earnings available for distribution of $0.7 million or $0.02 per diluted common share1,3 Paid a common dividend of $2.7 million or $0.06 per common share Book value per common share of $5.401 Q1 2025 Q4 2024 Summary of Operating Results: Comprehensive Income per Diluted Common Share1,2 $ 0.02 $ 0.05 Comprehensive Income (in milli
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that its Board of Directors (the "Board") has declared a first quarter 2025 dividend on its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series C"). The Board declared a dividend of $0.4937500 per share, which reflects a pro-rata accrual rate of 9.875% from Series C issuance on March 4th to, but not including, the May 15th payment date. The dividend for the Series C is payable on May 15, 2025, to preferred shareholders of record on May 1, 2025. About Rithm Property Trust Inc. Rithm Property Trust is a real estate investment platform externally managed by an aff
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that it will release its first quarter 2025 financial results for the period ended March 31, 2025 on Monday, April 28, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Monday, April 28, 2025 at 8:00 A.M. Eastern Time. A webcast of the conference call will be available to the public on a listen-only basis at the Company's website, www.rithmpropertytrust.com. Participants are encouraged to pre-register for the webcast at https://events.q4inc.com/attendee/544479904. Please allow extra time prior to the call to visit the website and down
Rithm Property Trust Inc. (NYSE:RPT, "RPT" or the "Company")) today announced the sale of an additional 84,232 shares of the Company's 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") pursuant to the partial exercise of the over-allotment option granted to the underwriters of its previously announced public offering, for additional gross proceeds of $2,105,800, before deducting underwriting discounts and offering expenses. The Company intends to use the net proceeds from the offering for investments and general corporate and working capital purposes. The Series C Preferred Stock began trading on the New York Stock Exchange under
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "RPT" or the "Company")) announced today that its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") has been approved for listing on the New York Stock Exchange under the symbol "RPT PRC". Trading is expected to commence on March 12, 2025. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisd
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "RPT" or the "Company")) announced today the pricing of a public offering of 2,000,000 shares of its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") with a $25.00 per share liquidation preference, for gross proceeds of $50,000,000, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 300,000 shares of the Series C Preferred Stock to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to clos
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "RPT" or the "Company")) announced today the commencement of a public offering of shares of the Company's Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") with a $25.00 per share liquidation preference. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase additional shares of Series C Preferred Stock solely to cover over-allotments. The Company intends to use the net proceeds from the offering for investments and general corporate and working capital purposes. Following the offering, the Company i
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "Rithm Property Trust" or the "Company")) today announced the following financial results for the quarter ended December 31, 2024. Fourth Quarter Financial Highlights: GAAP net income attributable to common stockholders of $2.9 million, or $0.06 per diluted share1 Earnings available for distribution of $0.3 million or $0.01 per diluted common share1,2 Book value per common share of $5.44 at December 31, 20241 Paid a common dividend of $2.8 million, or $0.06 per common share Q4 2024 Q3 2024 Summary of Operating Results:
Rithm Property Trust (NYSE:RPT, "RPT" or the "Company")) today announced the tax treatment of its 2024 common stock distributions. Common Stock Dividends During 2024, Rithm Property Trust's common stock (CUSIP #38983D300) distributions were $0.28000 per share and the distributions consisted of a return of capital. The following table summarizes the tax treatment for 2024 common stock distributions. Record Date Pay Date Form Ordinary Dividend Qualified Dividend Section 199A Dividend Long-Term Capital Gain Return of Capital Total Q1'24 03/15/24 03/29/24 Cash $0.00000 $0.00000
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that it will release its fourth quarter 2024 financial results for the period ended December 31, 2024 on Thursday, January 30, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Thursday, January 30, 2025 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the News & Events – Press Releases section of the Company's website, www.rithmpropertytrust.com. The conference call may be accessed by dialing 1-888-596-4144 (from within the U.S.) or 1-646-968-2525 (from outside of the U.S.) ten minutes prior to the schedul
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) today announced the following information for the quarter ended March 31, 2025. First Quarter 2025 Financial Highlights: GAAP comprehensive income of $1.1 million, or $0.02 per diluted common share1,2 Earnings available for distribution of $0.7 million or $0.02 per diluted common share1,3 Paid a common dividend of $2.7 million or $0.06 per common share Book value per common share of $5.401 Q1 2025 Q4 2024 Summary of Operating Results: Comprehensive Income per Diluted Common Share1,2 $ 0.02 $ 0.05 Comprehensive Income (in milli
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that its Board of Directors (the "Board") has declared a first quarter 2025 dividend on its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series C"). The Board declared a dividend of $0.4937500 per share, which reflects a pro-rata accrual rate of 9.875% from Series C issuance on March 4th to, but not including, the May 15th payment date. The dividend for the Series C is payable on May 15, 2025, to preferred shareholders of record on May 1, 2025. About Rithm Property Trust Inc. Rithm Property Trust is a real estate investment platform externally managed by an aff
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that it will release its first quarter 2025 financial results for the period ended March 31, 2025 on Monday, April 28, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Monday, April 28, 2025 at 8:00 A.M. Eastern Time. A webcast of the conference call will be available to the public on a listen-only basis at the Company's website, www.rithmpropertytrust.com. Participants are encouraged to pre-register for the webcast at https://events.q4inc.com/attendee/544479904. Please allow extra time prior to the call to visit the website and down
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "Rithm Property Trust" or the "Company")) today announced the following financial results for the quarter ended December 31, 2024. Fourth Quarter Financial Highlights: GAAP net income attributable to common stockholders of $2.9 million, or $0.06 per diluted share1 Earnings available for distribution of $0.3 million or $0.01 per diluted common share1,2 Book value per common share of $5.44 at December 31, 20241 Paid a common dividend of $2.8 million, or $0.06 per common share Q4 2024 Q3 2024 Summary of Operating Results:
Rithm Property Trust (NYSE:RPT, "RPT" or the "Company")) today announced the tax treatment of its 2024 common stock distributions. Common Stock Dividends During 2024, Rithm Property Trust's common stock (CUSIP #38983D300) distributions were $0.28000 per share and the distributions consisted of a return of capital. The following table summarizes the tax treatment for 2024 common stock distributions. Record Date Pay Date Form Ordinary Dividend Qualified Dividend Section 199A Dividend Long-Term Capital Gain Return of Capital Total Q1'24 03/15/24 03/29/24 Cash $0.00000 $0.00000
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that it will release its fourth quarter 2024 financial results for the period ended December 31, 2024 on Thursday, January 30, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Thursday, January 30, 2025 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the News & Events – Press Releases section of the Company's website, www.rithmpropertytrust.com. The conference call may be accessed by dialing 1-888-596-4144 (from within the U.S.) or 1-646-968-2525 (from outside of the U.S.) ten minutes prior to the schedul
JERICHO, N.Y., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Kimco Realty® (NYSE:KIM) a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States, announced today the 2024 tax treatment of RPT Realty Series D Cumulative Convertible Preferred investor's dividend distributions. The allocations as they will be reported on Form 1099-DIV are as follows: Preferred Shares (NYSE:RPT); (CUSIP #'s 74971D 200 and 751452608) Ex- Ordinary Income Capital Gains DividendRecordPayableDistribution Non- UnrecapturedReturn of Sec 199A DateDateDateper ShareTotalQualifiedQualified
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 Acquisitio
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
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. Same property net operating income ("NOI") during the third quarter 2023 increased 2.6% compared to the same period in 2022, exceeding internal quarterly expectations. Operational Highlights Signed 747,672 square feet in the third quarter 2023, representing the fifth consecutive quarter of leasing volume over 500,000 square feet and the highest quarterly amount
Janney initiated coverage of Rithm Property Trust with a rating of Buy and set a new price target of $4.00
Deutsche Bank downgraded RPT Realty from Buy to Hold and set a new price target of $12.00 from $13.00 previously
Credit Suisse downgraded RPT Realty from Outperform to Neutral and set a new price target of $10.00
Mizuho downgraded RPT Realty from Buy to Neutral and set a new price target of $11.00 from $12.00 previously
Jefferies downgraded RPT Realty from Buy to Hold and set a new price target of $10.00 from $16.00 previously
Credit Suisse initiated coverage of RPT Realty with a rating of Outperform and set a new price target of $13.00
Raymond James reiterated coverage of RPT Realty with a rating of Outperform and set a new price target of $15.00 from $16.00 previously
Raymond James reiterated coverage of RPT Realty with a rating of Outperform and set a new price target of $16.00 from $15.00 previously
Mizuho initiated coverage of RPT Realty with a rating of Buy and set a new price target of $16.00
Keybanc reiterated coverage of RPT Realty with a rating of Overweight and set a new price target of $15.00 from $13.00 previously
3 - Rithm Property Trust Inc. (0001614806) (Issuer)
4 - Rithm Property Trust Inc. (0001614806) (Issuer)
4 - RPT Realty (0000842183) (Issuer)
4 - RPT Realty (0000842183) (Issuer)
4 - RPT Realty (0000842183) (Issuer)
4 - RPT Realty (0000842183) (Issuer)
4 - RPT Realty (0000842183) (Issuer)
4 - RPT Realty (0000842183) (Issuer)
4 - RPT Realty (0000842183) (Issuer)
4 - RPT Realty (0000842183) (Issuer)
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