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.
In Q3 2022, RPT Realty reported a net income of $11.3 million ($0.13/share), down from $24 million ($0.29/share) in Q3 2021. Operating FFO increased to $25.2 million ($0.27/share). The company raised its 2022 operating FFO guidance to $1.02-$1.05/share. Same property NOI grew 1.6% YoY. The leased rate reached 94.0%, with 696,725 square feet signed in Q3. RPT closed $658.5 million in investments YTD, including a significant acquisition in Miami. The company maintains a strong balance sheet with no debt maturing until 2025, and a $810 million credit facility secured.
RPT Realty (NYSE:RPT) has declared a fourth quarter 2022 cash dividend of $0.13 per common share and $0.90625 per Series D convertible preferred share. These dividends cover the period from October 1 to December 31, 2022, payable on January 3, 2023 to shareholders on record as of December 20, 2022. As of June 30, 2022, RPT’s portfolio includes 47 wholly-owned shopping centers, totaling 14.9 million square feet of leasable area, with 93.3% leased occupancy, reflecting solid operational performance.
RPT Realty (NYSE:RPT) announced that its third quarter 2022 earnings press release will be released after market close on November 2, 2022. A conference call to discuss financial results will be held on November 3, 2022, at 10:00 AM ET. Interested parties can access a live webcast on the company's website or join by phone. The company manages a portfolio of 47 shopping centers with a pro-rata occupancy rate of 93.3% as of June 30, 2022.
RPT Realty (NYSE:RPT) has secured an $810 million amended and restated unsecured credit facility, increasing its capacity by $150 million. The facility includes a $500 million revolving credit line maturing in 2026 and $310 million in term loans. Unique features consist of an accordion option to expand capacity to $1.25 billion and a sustainability-linked pricing structure. Post-transaction, RPT will have no debt maturing through 2024, enhancing its financial stability. The company operates a portfolio of 47 shopping centers across the U.S., with a leasing rate of 93.3% as of June 30, 2022.
RPT Realty reported a second quarter 2022 net income of $5.1 million, a significant decrease from $34.7 million in 2021. However, funds from operations (FFO) rose 22.7% year-over-year, driven by acquisitions and a 4.4% increase in same property net operating income (NOI). The company made substantial investments, totaling $652.7 million YTD, including the $216 million acquisition of Mary Brickell Village. RPT's annualized base rent (ABR) exposure rose by 17%. The firm also secured an $810 million credit facility, enhancing its financial position.
RPT Realty has acquired Mary Brickell Village in Miami for $216 million. This grocery-anchored mixed-use center spans 200,000 square feet and offers significant vertical development potential, allowing for up to 4.1 million additional square feet. MBV is strategically located in a dense, high-traffic area with over 265,000 monthly visits and high tenant sales averaging $1,100 per square foot. Currently 78% occupied, it presents considerable upside through signed leases and contractual rent growth. This acquisition enhances RPT's portfolio and aligns with its growth strategy.
RPT Realty (NYSE:RPT) has declared a cash dividend of $0.13 per common share for Q3 2022, payable on October 3, 2022, to shareholders of record on September 20, 2022. Additionally, a dividend of $0.90625 per Series D convertible preferred share has been approved. The dividends cover the period from July 1 to September 30, 2022. RPT Realty manages a portfolio of 47 shopping centers and 40 retail properties, with a pro-rata share of their portfolio being 93.2% leased as of March 31, 2022.
RPT Realty (NYSE:RPT) announced that Brian Harper, President and CEO, will present at Nareit’s REITweek: 2022 Investor Conference on June 8, 2022, at 3:30 p.m. ET. The presentation will be accessible via a live webcast on the Company's website, with a replay available for 30 days post-event. As of March 31, 2022, RPT Realty's portfolio consists of 47 wholly-owned shopping centers and additional properties, totaling 14.6 million square feet and 93.2% leased, reflecting the Company's commitment to delivering diverse consumer experiences in prime U.S. markets.
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