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. (NYSE: RPT) is a real estate investment trust (REIT) and real estate investment platform externally managed by an affiliate of Rithm Capital Corp. The company’s news flow centers on its commercial real estate focused investment strategy, mortgage- and securities-related holdings, capital structure decisions, and regular financial reporting.
Investors following RPT news can see recurring quarterly earnings announcements, where the company reports GAAP comprehensive income, earnings available for distribution, book value per common share, and details of its net interest income, expenses, and other income or loss items. These releases are often accompanied by information on conference calls and webcasts that discuss recent performance and portfolio activity.
Rithm Property Trust also issues dividend declarations for both its common stock and its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. These updates outline per-share dividend amounts and relevant record and payment dates, reflecting the company’s REIT requirement to distribute a significant portion of its taxable income.
Another category of news involves capital and portfolio actions, such as the one-for-six reverse stock split of the company’s common stock and investments in commercial mortgage-backed securities, mortgage loans, and an indirect minority interest in Paramount Group Operating Partnership LP. Press releases and related SEC filings describe how these actions affect the share count, trading characteristics, and composition of the investment portfolio.
By reviewing RPT news, readers can track how management describes its flexible commercial real estate focused investment strategy, its use of the non-GAAP earnings available for distribution metric, and the evolving mix of mortgage loans, CMBS, RMBS, and other real estate-related investments. This page aggregates those updates so users can monitor ongoing disclosures and corporate developments.
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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.
RPT Realty (NYSE:RPT) announced it will release its Q2 2022 earnings on August 3, 2022, after market close. A conference call to discuss financial results will be held on August 4, 2022, at 9:00 AM ET. Interested parties can join via a live webcast on the company’s website or by phone. Additionally, a replay of the call will be available until August 11, 2022. RPT Realty operates a national portfolio of open-air shopping centers with a total of 14.6 million square feet of gross leasable area, 93.2% of which was leased as of March 31, 2022.
RPT Realty reported a net income of $4.1 million, or $0.05 per diluted share, for Q1 2022, down from $15.2 million, or $0.19 per diluted share, year-over-year. Operating funds from operations (FFO) per diluted share rose 36.8% to $0.26, driven by acquisitions and increased management fees. The company acquired The Crossings shopping center for $104 million, elevating Boston as its second-largest market. RPT raised its 2022 operating FFO guidance to $1.01-$1.05 per share, with same-property NOI growth at 9.9%. Leases signed totaled 716,317 square feet, marking the highest quarterly volume since Q1 2010.
RPT Realty (NYSE:RPT) has declared a regular cash dividend of $0.13 per common share for the second quarter of 2022. Additionally, a dividend of $0.90625 per share on Series D convertible preferred shares has been approved. Both dividends cover the period from April 1, 2022, to June 30, 2022, and are payable on July 1, 2022, to shareholders of record as of June 17, 2022. RPT Realty operates open-air shopping destinations across key U.S. markets, owning 47 wholly-owned shopping centers among its extensive portfolio.
RPT Realty (NYSE:RPT) has acquired The Crossings shopping center in Portsmouth, NH, for $104 million. This 510,000 sq. ft. open-air center is 95% occupied and anchored by Trader Joe’s and Aldi. It houses tenants like Dick’s, Best Buy, and Kohl’s, with an average tenant tenure of 22 years. The acquisition aligns with RPT's strategy to enhance returns and expand its presence in the Boston market, now its second-largest revenue contributor. The deal is expected to deliver 8%-10% unlevered IRRs.
RPT Realty, a real estate investment trust, has been honored as one of the Best Places to Work in Commercial Real Estate by Globe St. This recognition highlights RPT's commitment to employee development, workplace culture, and diversity initiatives. CEO Brian Harper emphasized the company's focus on long-term success for its employees and mission-driven ESG initiatives since the new management took over in 2018. The firm prioritizes inclusivity, forming a DE&I Committee to support underrepresented groups in real estate.
RPT Realty (NYSE:RPT) will announce its Q1 2022 earnings on May 4, 2022, after market close. A conference call is scheduled for May 5, 2022, at 10:00 AM ET to discuss financial results. Investors can access the call via a live webcast on the company’s website or through a dedicated phone line. The company operates a portfolio of 47 shopping centers, totaling 14.6 million square feet of gross leasable area, with a 93.1% leasing rate as of December 31, 2021.
RPT Realty (NYSE:RPT) announced that its President and CEO, Brian Harper, will present at the 2022 Citi Global Property CEO Conference on March 7, 2022, at 4:15 PM ET in Hollywood, FL. A live webcast of the presentation will be accessible on the Company's website. Additionally, an updated 4Q21 Investor Presentation will be available prior to the conference. RPT Realty operates a national portfolio of open-air shopping centers, with 47 wholly-owned and 49 joint venture properties totaling 14.6 million square feet of gross leasable area as of December 31, 2021.
RPT Realty (NYSE:RPT) reported a net loss of $12.0 million for Q4 2021, a decrease from a loss of $7.4 million in Q4 2020. However, the company posted a net income of $61.9 million for the full year, compared to a loss of $16.9 million in 2020. The Board declared an 8% increase in the Q1 2022 cash dividend to $0.13 per share, payable on April 1, 2022. FFO was $0.25 per diluted share for Q4 2021, up 38.9% year-over-year. The same property NOI grew 12.4% in Q4 and 6.3% for the full year. The company closed $791 million in investments, shifting focus to high-growth markets.