RPT Realty Announces Fourth Quarter 2021 Common and Preferred Share Dividends

Rhea-AI Summary

RPT Realty (NYSE:RPT) announced a fourth quarter 2021 cash dividend of $0.12 per common share and $0.90625 per Series D convertible preferred share. These dividends apply to the period from October 1, 2021 to December 31, 2021 and will be payable on January 3, 2022, for shareholders of record by December 20, 2021. The company, which operates open-air shopping centers with a 92.5% leasing rate, focuses on enhancing community shopping experiences.

Positive

• Declaration of $0.12 dividend per common share, reflecting company confidence.
• Series D preferred shares dividend set at $0.90625 per share.
• 92.5% of the property portfolio is leased, indicating strong demand.

Negative

• None.

News Market Reaction – RPT

+1.14%

+1.14% Session move

In the trading session that priced this news, RPT gained 1.14%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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NEW YORK, Oct. 27, 2021 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a fourth quarter 2021 regular cash dividend of $0.12 per common share. The Board of Trustees also approved a fourth quarter 2021 Series D convertible preferred share dividend of $0.90625 per share. The current conversion ratio of the Series D convertible preferred shares can be found on the Company's website at investors.rptrealty.com/shareholder-information/dividends. The dividends, for the period October 1, 2021 through December 31, 2021 are payable on January 3, 2022 for shareholders of record on December 20, 2021.

About RPT Realty

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the “NYSE”). The common shares of the Company, par value $0.01 per share (the “common shares”) are listed and traded on the NYSE under the ticker symbol “RPT”. As of June 30, 2021, the Company's property portfolio consisted of 50 multi-tenant shopping centers (including five shopping centers owned through a joint venture), 15 net lease retail properties (all of which are owned through a separate joint venture) and 13 net lease retail properties that were held for sale by the Company (the “aggregate portfolio”) which together represent 12.6 million square feet of gross leasable area (“GLA”). As of June 30, 2021, the Company’s pro-rata share of the aggregate portfolio was 92.5% leased. For additional information about the Company please visit rptrealty.com.

Contact Information

Vin Chao
Senior Vice President - Finance
vchao@rptrealty.com
(212) 221-1752

FAQ

What is the dividend amount for RPT Realty for Q4 2021?

RPT Realty declared a dividend of $0.12 per common share for Q4 2021.

When will RPT Realty's dividends be paid out?

Dividends will be payable on January 3, 2022.

What is the record date for RPT Realty's dividend?

The record date for RPT Realty's dividends is December 20, 2021.

What is the dividend for Series D preferred shares at RPT Realty?

The dividend for Series D convertible preferred shares is $0.90625 per share.

How is RPT Realty's property portfolio performing in terms of leasing?

As of June 30, 2021, RPT Realty's property portfolio was 92.5% leased.