RPT Stock Recent News

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.

RPT Realty operates commercial real estate with grocery stores as anchor tenants. The preferred shares are in excellent shape as the REIT only needs about 6.5% of its FFO to cover the preferred dividends. The common units are getting very interesting as well as they are trading at just over 9 times FFO.

NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that it will release its second quarter 2023 earnings press release after the market closes on Wednesday, August 2, 2023. The Company will host a conference call on Thursday, August 3, 2023 at 9:00 AM (ET) to discuss its financial and operating results.

RPT Realty shares have declined over 10% year-to-date and are down 22% over the past year. RPT has meaningfully improved the quality of its portfolio over the past year, divesting slower-growing centers in the Midwest and increasing exposure to Florida.

RPT Realty (NYSE:RPT ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Craig Benigno - Senior Analyst, Investor Relations Brian Harper - President and CEO Michael Fitzmaurice - CFO Conference Call Participants Derek Johnston - Deutsche Bank Todd Thomas - KeyBanc Capital Markets Ravi Vaidya - Mizuho Securities Floris Van Dijkum - Compass Point Research Lizzy Doykan - Bank of America Hong Zhang - JPMorgan Tayo Okusanya - Credit Suisse Alec Feygin - Robert W. Baird Operator Greetings, and welcome to the RPT Realty First Quarter 2023 Earnings Conference Call.

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that it will release its first quarter 2023 earnings press release after the market closes on Wednesday, May 3, 2023. The Company will host a conference call on Thursday, May 4, 2023 at 9:00 AM (ET) to discuss its financial and operating results.

NEW YORK, March 02, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that President and Chief Executive Officer, Brian Harper, will participate on a U.S. Strip Center panel at Citi's 2023 Global Property CEO Conference in Hollywood, FL. The U.S Strip Center panel is scheduled for Tuesday, March 7, 2023 at 3:40 PM ET.

RPT's preferreds are paying out a 7% yield in perpetuity. The commons currently offer a 5.2% yield, which has been recovering since its suspension early during the pandemic.

RPT Realty (NYSE:RPT ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Craig Benigno - Senior Analyst, Investor Relations Brian Harper - President and CEO Mike Fitzmaurice - CFO Conference Call Participants Todd Thomas - KeyBanc Capital Markets Wes Golladay - Baird Conor Peaks - Deutsche Bank R.J. Milligan - Raymond James Hong Zhang - JPMorgan Floris Van Dijkum - Compass Point Linda Tsai - Jefferies Lizzy Doykan - Bank of America Operator [Starts Abruptly] Fourth Quarter 2022 Earnings Conference Call.

RPT Realty has an interest in a national portfolio of open-air shopping centers, located primarily in the top MSAs in the U.S. Their tenants include large national retailers, as well as smaller local tenants.