RPT Realty Declares and Raises Common Share Dividend by 8% and Declares Preferred Share Dividend
02/09/2023 - 04:20 PM
NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a first quarter 2023 regular cash dividend of $0.14 per common share, representing an increase of 8% over the prior quarterly rate. The Board of Trustees also approved a first quarter 2023 Series D convertible preferred share dividend of $0.90 625 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 January 1, 2023 through March 31, 2023 are payable on April 3, 2023 for shareholders of record on March 20, 2023.
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 are listed and traded on the NYSE under the ticker symbol “RPT”. As of September 30, 2022, the Company's property portfolio (the "aggregate portfolio") consisted of 46 wholly-owned shopping centers, 11 shopping centers owned through its grocery-anchored joint venture, and 48 retail properties owned through its net lease joint venture, which together represent 15.0 million square feet of gross leasable area. As of September 30, 2022, the Company’s pro-rata share of the aggregate portfolio was 94.0% leased. For additional information about the Company please visit rptrealty.com.
Company Contact:
Vin Chao, Managing Director - Finance & Investments 19 W 44th St. 10th Floor, Ste 1002 New York, New York 10036 vchao@rptrealty.com (212) 221-1752
RPT Rankings
#1309 Ranked by Stock Gains
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Finance and Insurance
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Finance, Real Estate Investment Trusts, Finance and Insurance, Other Financial Vehicles
About RPT
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 ânyseâ). the common shares of the company, par value $0.01 per share (the âcommon sharesâ) are listed and traded on the nyse under the ticker symbol ârptâ. as of june 30, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. as of june 30, 2020, the company's pro-rata share of the aggregate portfolio was 93.6% leased.