RPT Realty Management

Management criteria checks 3/4

RPT Realty's CEO is Brian Harper, appointed in Jun 2018, has a tenure of 4.17 years. total yearly compensation is $6.26M, comprised of 12.6% salary and 87.4% bonuses, including company stock and options. directly owns 0.79% of the company’s shares, worth €7.09M. The average tenure of the management team and the board of directors is 4.2 years and 4.2 years respectively.

Key information

Brian Harper

Chief executive officer

US$6.3m

Total compensation

CEO salary percentage	12.6%
CEO tenure	4.2yrs
CEO ownership	0.8%
Management average tenure	4.2yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brian Harper's remuneration changed compared to RPT Realty's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2022	n/a	n/a	US$21m
Mar 31 2022	n/a	n/a	US$50m
Dec 31 2021	US$6m	US$790k	US$61m
Sep 30 2021	n/a	n/a	US$66m
Jun 30 2021	n/a	n/a	US$38m
Mar 31 2021	n/a	n/a	-US$466k
Dec 31 2020	US$8m	US$678k	-US$17m
Sep 30 2020	n/a	n/a	US$61m
Jun 30 2020	n/a	n/a	US$69m
Mar 31 2020	n/a	n/a	US$74m
Dec 31 2019	US$4m	US$750k	US$84m
Sep 30 2019	n/a	n/a	US$7m
Jun 30 2019	n/a	n/a	US$12m
Mar 31 2019	n/a	n/a	US$14m
Dec 31 2018	US$8m	US$378k	US$10m

Compensation vs Market: Brian's total compensation ($USD6.26M) is above average for companies of similar size in the UK market ($USD1.41M).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.

CEO

Brian Harper (46 yo)

4.2yrs

Tenure

US$6,261,712

Compensation

Mr. Brian L. Harper has been the Chief Executive Officer, President and Trustee of RPT Realty since June 15, 2018. He serves as Chairman of the Board of Directors at Autism Speaks. Mr. Harper served as the...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Brian Harper	President	4.2yrs	US$6.26m	0.79% € 7.1m
Michael Fitzmaurice	Executive VP & CFO	4.2yrs	US$2.09m	0.21% € 1.9m
Raymond Merk	Senior VP & Chief Accounting Officer	5.4yrs	US$805.48k	0.044% € 398.8k
Heather Ohlberg	Executive VP	4.5yrs	US$1.50m	0.052% € 468.7k
Timothy Collier	Executive Vice President of Leasing	4yrs	US$1.72m	0.097% € 871.1k
Vincent Chao	Managing Director of Finance & Investments	no data	no data	no data
Alyssa Dart	Director of Communications & Brand Strategy	1.3yrs	no data	no data
Deanna Cain	Head of Human Resources	no data	no data	no data
Michael McBride	Senior Vice President of Asset Management	no data	no data	no data
Courtney Smith	Senior Vice President of Investments	no data	no data	no data
Tyler Sorenson	Managing Director of Investments for Core Net Lease Retail Real Estate Platform	1.4yrs	no data	no data

4.2yrs

Average Tenure

46yo

Average Age

Experienced Management: 0A1L's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Brian Harper	President	4.2yrs	US$6.26m	0.79% € 7.1m
Richard Federico	Independent Trustee	3.7yrs	US$160.01k	0.064% € 575.3k
Arthur Goldberg	Independent Trustee	34.2yrs	US$175.01k	0.090% € 807.0k
David Nettina	Independent Chairman of the Board	10.5yrs	US$260.01k	0.13% € 1.2m
Joanna Lau	Independent Trustee	3.3yrs	US$185.01k	0.052% € 472.6k
Laurie Shahon	Independent Trustee	6.8yrs	US$175.01k	0.077% € 689.4k
Andrea Weiss	Independent Trustee	3.9yrs	US$160.01k	0.059% € 526.8k

4.2yrs

Average Tenure

67yo

Average Age

Experienced Board: 0A1L's board of directors are considered experienced (4.2 years average tenure).

RPT Realty Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Insufficient new directors

Executive VP & CFO recently sold €51k worth of stock

RPT Realty, Annual General Meeting, Apr 28, 2021

RPT Realty Hires Tyler Sorenson as Managing Director to Lead Investments for its Newly Formed Core Net Lease Retail Real Estate Platform

Recent updates

RPT Realty Files Form 15

Kimco Realty Corporation (NYSE:KIM) completed the acquisition of RPT Realty (NYSE:RPT) from a group of shareholders.

RPT Realty Declares Special Cash Dividend, Payable on December 21, 2023

RPT Realty Declares Regular Cash Dividend, Payable on December 21, 2023

RPT Realty to Report Q3, 2023 Results on Nov 02, 2023

Kimco Realty Corporation (NYSE:KIM) entered into a definitive merger agreement to acquire RPT Realty (NYSE:RPT) for $1 billion.

RPT Realty Declares Third Quarter 2023 Common Share Dividend, Payable on October 2, 2023

RPT Realty to Report Q2, 2023 Results on Aug 02, 2023

RPT Realty Declares Regular Cash Dividend for the First Quarter Ending March 31, 2023, Payable on April 3, 2023

RPT Realty to Report Q4, 2022 Results on Feb 15, 2023

RPT Realty Declares Dividend for the Fourth Quarter 2022, Payable on January 3, 2023

RPT Realty to Report Q3, 2022 Results on Nov 02, 2022

RPT Realty (NYSE:RPT) acquired Mary Brickell Village in Miami, Florida approximately $220 million.

RPT Realty Declares Third Quarter Dividends for the period July 1, 2022 through September 30, 2022 , Payable on October 3, 2022

RPT Realty to Report Q2, 2022 Results on Aug 03, 2022

First quarter 2022 earnings released: FFO: US$57.2m per share (vs US$0.20 in 1Q 2021)

RPT Realty (NYSE:RPT) agreed to acquire Brookline Village in Boston, Massachusetts for $5 million.

RPT Realty Declares Regular Cash Dividend for the Second Quarter Ending June 30, 2022, Payable on July 1, 2022

Insufficient new directors

RPT Realty (NYSE:RPT) acquired The Crossings Shopping Center in Boston, MA for approximately $100 million.

Upcoming dividend of US$0.13 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

RPT Realty Declares Regular Cash Dividend for the First Quarter Ending March 31, 2022, Payable on April 1, 2022

An unknown buyer acquired Webster Place in the Chicago, Illinois US from RPT Realty (NYSE:RPT) for $29.3 million.

Insufficient new directors

RPT Realty (NYSE:RPT) acquired Highland Lakes Shopping Center in Palm Harbor, FL for $15 million.

Upcoming dividend of US$0.12 per share

Third quarter 2021 earnings released: EPS US$0.30 (vs US$0.045 loss in 3Q 2020)

Upcoming dividend of US$0.12 per share

RPT Realty (NYSE:RPT) acquired Village Shoppes of Canton for $61.5 million.

RPT Realty (NYSE:RPT) acquired Bellevue Place in Nashville.

Second quarter 2021 earnings released: EPS US$0.43 (vs US$0.057 loss in 2Q 2020)

RPT Realty(NYSE:RPT) dropped from Russell 2000 Value-Defensive Index

Executive VP & CFO recently sold €51k worth of stock

Upcoming dividend of US$0.075 per share

RPT Realty (NYSE:RPT) entered into a purchase agreement to acquire Northborough Crossing Shopping Center for approximately $100 million.

First quarter 2021 earnings released: FFO US$0.20 per share (vs US$0.26 in 1Q 2020)

Rpt Realty Declares Second Quarter Regular Cash Dividend for Year 2021, Payable on July 1, 2021

RPT Realty to Report Q1, 2021 Results on May 05, 2021

RPT Realty, Annual General Meeting, Apr 28, 2021

Upcoming Dividend of US$0.075 Per Share

RPT Realty Hires Tyler Sorenson as Managing Director to Lead Investments for its Newly Formed Core Net Lease Retail Real Estate Platform

New 90-day high: €8.72

Full year 2020 earnings released: FFO US$0.83 per share (vs US$1.02 in FY 2019)

Revenue misses expectations

New 90-day high: €8.16

New 90-day high: €7.20

New 90-day high: €6.92

RPT Realty to Report Q4, 2020 Results on Feb 17, 2021

Market bids up stock over the past week

Third quarter 2020 earnings released: US$0.045 loss per share

Revenue misses expectations

New 90-day low: €4.19

New 90-day low - €4.95

RPT Realty to Report Q3, 2020 Results on Nov 04, 2020

New 90-day low - €4.96

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age