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RPT Realty Declares and Raises Dividend on Common Shares and Declares Dividend for Preferred Shares
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
NEW YORK, Feb. 10, 2022 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a first quarter 2022 regular cash dividend of $0.13 per common share, representing an increase of 8% over the prior quarterly rate. The Board of Trustees also approved a first quarter 2022 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 January 1, 2022 through March 31, 2022 are payable on April 1, 2022 for shareholders of record on March 18, 2022.
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 September 30, 2021, the Company's property portfolio (the "aggregate portfolio") consisted of 57 multi-tenant shopping centers (including nine shopping centers owned through a joint venture) and 30 net lease retail properties (all of which are owned through a separate joint venture) which together represent 14.0 million square feet of gross leasable area (“GLA”). As of September 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 Managing Director - Finance and Investments vchao@rptrealty.com (212) 221-1752
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.
