RPT Realty Declares Third Quarter 2023 Common and Preferred Share Dividends

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RPT Realty (NYSE:RPT) has declared a regular cash dividend of $0.14 per common share for the third quarter of 2023. Additionally, a dividend of $0.90625 per share has been approved for the Series D convertible preferred shares. The dividends will be payable on October 2, 2023, to shareholders of record on September 20, 2023.

NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a third quarter 2023 regular cash dividend of $0.14 per common share. The Board of Trustees also approved a third quarter 2023 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 July 1, 2023 through September 30, 2023 are payable on October 2, 2023 for shareholders of record on September 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 (the “common shares”) are listed and traded on the NYSE under the ticker symbol “RPT”. As of March 31, 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 March 31, 2023, the Company’s pro-rata share of the aggregate portfolio was 93.3% 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 dividend per common share declared by RPT Realty for the third quarter of 2023?

The dividend per common share declared by RPT Realty for the third quarter of 2023 is $0.14.

What is the dividend per share for the Series D convertible preferred shares for the third quarter of 2023?

The dividend per share for the Series D convertible preferred shares for the third quarter of 2023 is $0.90625.

When will the dividends be payable?

The dividends will be payable on October 2, 2023.

Who will be eligible to receive the dividends?

Shareholders of record on September 20, 2023, will be eligible to receive the dividends.

Where can I find the current conversion ratio of the Series D convertible preferred shares?

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.