RPT / RPT Realty (RPT) Tops Q4 FFO Estimates

NEW YORK, Sept. 27, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that it will release its third qua more_horizontal

Retail REITs have become opportunistic investment opportunities, particularly in the retail sector. RPT Realty has experienced a relative collapse in more_horizontal

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 more_horizontal

RPT Realty operates commercial real estate with grocery stores as anchor tenants. The preferred shares are in excellent shape as the REIT only needs a more_horizontal

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 more_horizontal

RPT Realty (NYSE:RPT ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Craig Benigno - Senior Analyst, Investor Relations more_horizontal

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 ear more_horizontal

RPT Realty (NYSE:RPT ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Craig Benigno - Senior Analyst, Investor Rel more_horizontal