Welcome to our dedicated page for Rithm Property Trust news (Ticker: RPT), a resource for investors and traders seeking the latest updates and insights on Rithm Property Trust stock.
Rithm Property Trust Inc. reports developments for a real estate investment trust organized as a Maryland corporation and externally managed by an affiliate of Rithm Capital Corp. The company follows a flexible commercial real estate-focused investment strategy and communicates operating results using measures such as GAAP comprehensive income or loss, earnings available for distribution, dividends and book value.
Recurring news for RPT includes quarterly and annual earnings releases, common and preferred stock dividend declarations, tax treatment of distributions, stock repurchase authorization updates and other capital actions tied to its listed common stock and 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.
RPT Realty (NYSE:RPT) reported improved rental collections for August, reaching 86% compared to 79% in July and 70% in Q2 2020. With deferral agreements included, total collections address 93% of August billings. The company noted a resurgence in leasing activity, with 96% of tenants operational. RPT's portfolio consists of 49 shopping centers totaling 11.9 million square feet, with a leasing rate of 93.6%.
RPT Realty (NYSE:RPT) announced its plans to release third quarter 2020 earnings after market close on November 4, 2020. A conference call will follow on November 5, 2020, at 10:00 AM ET to discuss financial results. The company operates a national portfolio of shopping centers, with 49 locations comprising 11.9 million square feet and a leasing rate of 93.6% as of June 30, 2020.
RPT Realty (NYSE:RPT) will host investor meetings during the Nareit REITweek Virtual Investor Conference on June 2-3, 2020. An investor presentation is available on their website. As of May 28, 2020, rent and expense reimbursement collections are in line with April. Over 65% of tenants are operational, enhancing collection efforts. CEO Brian Harper will provide detailed updates during the August earnings call. As of March 31, 2020, RPT owned 49 shopping centers, with 94.1% leased.
On May 15, 2020, RPT Realty (NYSE:RPT) announced that it will release its second quarter 2020 earnings press release after market close on August 4, 2020. A conference call will follow on August 5, 2020, at 9:00 AM (ET) to discuss financial results. The earnings call can be accessed via a live webcast on the company's website or through designated phone numbers. As of March 31, 2020, RPT Realty's portfolio comprised 49 shopping centers, totaling 11.9 million square feet, with a pro-rata lease rate of 94.1%.