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. (RPT) is a New York Stock Exchange-listed REIT specializing in premier open-air shopping centers across strategic US markets. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives shaping the company's position in commercial real estate.
Access authoritative reporting on RPT's earnings announcements, property acquisitions, and partnership developments. Our curated collection features press releases detailing lease agreements, sustainability initiatives, and leadership updates alongside analyst insights into market trends affecting community-centric retail spaces.
Key focal points include RPT's value-added redevelopment projects, tenant mix optimization strategies, and capital allocation decisions. The resource serves as a centralized reference for understanding how the company's integrated REIT model drives operational efficiency in managing over 50 open-air shopping destinations nationwide.
Bookmark this page for convenient access to verified information about Rithm Property Trust's financial position, dividend announcements, and responses to evolving retail sector dynamics. Check regularly for updates demonstrating RPT's commitment to creating consumer experiences through locally relevant retail environments.
RPT Realty (NYSE:RPT) will release its Q1 2023 earnings on May 3, 2023, post-market closure. A conference call is scheduled for May 4, 2023, at 9:00 AM ET to discuss financial results and operations. Investors can access a live webcast on the Company’s website or join via phone. RPT Realty operates a national portfolio of open-air shopping centers, with a total of 44 wholly-owned properties and a pro-rata leased share of 93.8% as of December 31, 2022. This portfolio comprises 15.0 million square feet of gross leasable area, reflecting RPT's commitment to meeting modern retail needs.
RPT Realty (NYSE:RPT) announced the appointment of Amy Sands as Executive Vice President, Head of Investments, effective May 8, 2023. This strategic hire aims to consolidate the Company's investment activities, enhancing operational efficiency across its grocery-anchored joint venture and retail net lease platforms. With over $1.7 billion in remaining committed capital, RPT anticipates significant growth opportunities. Sands brings 20 years of real estate experience, including leading retail investment sales at JLL, where she oversaw over $10 billion in transactions. This leadership change supports RPT's evolving strategy in the competitive real estate market.
On March 2, 2023, RPT Realty (NYSE:RPT) announced that CEO Brian Harper will speak at the U.S. Strip Center panel during the Citi 2023 Global Property CEO Conference in Hollywood, FL, on March 7 at 3:40 PM ET. A live webcast of the event will be accessible via the company’s website. Replays will be available 12 hours post-event and can be accessed for one year. The company will also present an updated Investor Presentation before the conference begins. RPT Realty operates a national portfolio of shopping centers, with a total gross leasable area of 15.0 million square feet and a pro-rata share of 93.8% leased as of December 31, 2022.
RPT Realty reported a strong performance for Q4 and full-year 2022, highlighting a net income of $56.8 million for Q4 and $77.3 million for the full year, marking increases from 2021. The company declared a Q1 2023 cash dividend of $0.14 per share, an 8% increase year-over-year. Notable operational metrics include a leased rate of 93.8% and significant leasing volume of 2,208,591 square feet for the year. The company's FFO per diluted share was $1.04. Management expressed confidence in future growth with a solid balance sheet, while initiating 2023 FFO guidance between $0.97 to $1.01 per share.
RPT Realty (NYSE:RPT) has declared a first quarter 2023 cash dividend of $0.14 per common share, marking an 8% increase from the previous rate. The dividend is set for payment on April 3, 2023, for shareholders recorded by March 20, 2023. Additionally, a dividend of $0.90625 per share was approved for the Series D convertible preferred shares. RPT Realty operates a portfolio of shopping centers across the U.S., with around 15.0 million square feet of gross leasable area and a leasing rate of 94.0% as of September 30, 2022.
RPT Realty (NYSE:RPT) has disclosed tax reporting information concerning its 2022 dividend distributions for common and preferred shares. The common shares distributed on January 3, 2022, are included in 2022 tax allocations, while those on January 3, 2023, will be accounted for in 2023. For common shares, total gross distributions amount to $0.510000 per share, with $0.429102 classified as total ordinary dividends. Preferred shares show a total gross distribution of $3.625000 per share, with $3.142304 as total ordinary dividends. This update aids shareholders in preparing their 2022 federal income tax returns.
RPT Realty (NYSE:RPT) announced substantial capital markets activity for 2022, culminating in $1.2 billion in total capital activities. The firm made focused investments, acquiring properties valued at $375 million, which included significant assets in Miami and Boston. Additionally, RPT successfully disposed of properties worth $282.9 million. The company boasts no debt maturing until 2025, having effectively managed its balance sheet and interest rate exposure, securing lower rates through strategic refinancing. Overall, RPT's proactive measures have fortified its cash flows and liquidity.
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