RPT Realty Declares Common and Preferred Share Dividends

Rhea-AI Summary

RPT Realty declares regular cash dividend of $0.14 per common share and Series D convertible preferred share dividend of $0.90625 per share.

Positive

• RPT Realty declares regular cash dividend of $0.14 per common share.
• Series D convertible preferred share dividend of $0.90625 per share declared.

Negative

• None.

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a regular cash dividend of $0.14 per common share. The cash dividend is payable on December 21, 2023 for shareholders of record on December 7, 2023. The Board of Trustees also approved a 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 convertible preferred dividend is payable on January 2, 2024 for shareholders of record on December 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 June 30, 2023, the Company's property portfolio (the "aggregate portfolio") consisted of 43 wholly-owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, and 49 retail properties owned through its net lease joint venture, which together represent 14.9 million square feet of gross leasable area. As of June 30, 2023, the Company’s pro-rata share of the aggregate portfolio was 93.2% leased. For additional information about the Company please visit rptrealty.com.

Company Contact:

Vin Chao, Managing Director - Finance
19 W 44th St. 10th Floor, Ste 1002
New York, New York 10036
vchao@rptrealty.com
(212) 221-1752

What is the cash dividend declared by RPT Realty?

RPT Realty has declared a regular cash dividend of $0.14 per common share.

What is the dividend declared for Series D convertible preferred shares?

RPT Realty has declared a dividend of $0.90625 per share for Series D convertible preferred shares.

When will the cash dividend be paid?

The cash dividend will be payable on December 21, 2023.

When will the dividend for Series D convertible preferred shares be paid?

The dividend for Series D convertible preferred shares will be payable on January 2, 2024.

What is the record date for the cash dividend?

The record date for the cash dividend is December 7, 2023.

What is the record date for the dividend of Series D convertible preferred shares?

The record date for the dividend of Series D convertible preferred shares is December 20, 2023.