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RPT Realty

NYSE:RPT
Snowflake Description

Second-rate dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RPT
NYSE
$1B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. The last earnings update was 18 days ago. More info.


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RPT Share Price and Events
7 Day Returns
0.1%
NYSE:RPT
1.8%
US REITs
-0.7%
US Market
1 Year Returns
8.7%
NYSE:RPT
16.3%
US REITs
3%
US Market
RPT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RPT Realty (RPT) 0.1% 6.3% -5.4% 8.7% -27.5% -22.5%
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • RPT underperformed the REITs industry which returned 16.3% over the past year.
  • RPT outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
RPT
Industry
5yr Volatility vs Market

Value

 Is RPT Realty undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RPT Realty to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for RPT Realty.

NYSE:RPT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:RPT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (93.93%))
0.95
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.95 * 5.96%)
8.39%

Discounted Cash Flow Calculation for NYSE:RPT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for RPT Realty is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

RPT Realty is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:RPT DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 8.39%)
2019 50.99 Analyst x3 47.04
2020 61.59 Analyst x3 52.42
2021 63.96 Est @ 3.85% 50.23
2022 66.21 Est @ 3.52% 47.97
2023 68.38 Est @ 3.28% 45.71
2024 70.51 Est @ 3.12% 43.48
2025 72.63 Est @ 3% 41.32
2026 74.75 Est @ 2.92% 39.23
2027 76.89 Est @ 2.86% 37.23
2028 79.06 Est @ 2.82% 35.32
Present value of next 10 years cash flows $439.95
NYSE:RPT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $79.06 × (1 + 2.73%) ÷ (8.39% – 2.73%)
$1,434.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,434.75 ÷ (1 + 8.39%)10
$641.01
NYSE:RPT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $439.95 + $641.01
$1,080.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,080.96 / 82.26
$13.14
NYSE:RPT Discount to Share Price
Calculation Result
Value per share (USD) From above. $13.14
Current discount Discount to share price of $12.68
= -1 x ($12.68 - $13.14) / $13.14
3.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price RPT Realty is available for.
Intrinsic value
4%
Share price is $12.68 vs Future cash flow value of $13.14
Current Discount Checks
For RPT Realty to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RPT Realty's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • RPT Realty's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RPT Realty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RPT Realty's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:RPT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.17
NYSE:RPT Share Price ** NYSE (2019-05-17) in USD $12.68
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RPT Realty.

NYSE:RPT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RPT Share Price ÷ EPS (both in USD)

= 12.68 ÷ 0.17

74.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RPT Realty is overvalued based on earnings compared to the US REITs industry average.
  • RPT Realty is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does RPT Realty's expected growth come at a high price?
Raw Data
NYSE:RPT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 74.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-23.4%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:RPT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 74.33x ÷ -23.4%

-3.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RPT Realty earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RPT Realty's assets?
Raw Data
NYSE:RPT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.90
NYSE:RPT Share Price * NYSE (2019-05-17) in USD $12.68
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:RPT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RPT Share Price ÷ Book Value per Share (both in USD)

= 12.68 ÷ 8.90

1.42x

* Primary Listing of RPT Realty.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RPT Realty is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess RPT Realty's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. RPT Realty has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is RPT Realty expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-23.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RPT Realty expected to grow at an attractive rate?
  • RPT Realty's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • RPT Realty's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • RPT Realty's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:RPT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:RPT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -23.4%
NYSE:RPT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.7%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:RPT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:RPT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 242 9 4
2019-12-31 236 15 5
NYSE:RPT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 258 93 14
2018-12-31 261 106 10
2018-09-30 261 109 35
2018-06-30 263 120 54
2018-03-31 260 120 56
2017-12-31 265 118 62
2017-09-30 266 117 48
2017-06-30 264 116 33
2017-03-31 263 116 54
2016-12-31 261 117 53
2016-09-30 266 118 60
2016-06-30 266 115 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RPT Realty's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • RPT Realty's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:RPT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from RPT Realty Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RPT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.10 0.10 0.10 1.00
2019-12-31 0.18 0.18 0.18 1.00
NYSE:RPT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.17
2018-12-31 0.13
2018-09-30 0.45
2018-06-30 0.68
2018-03-31 0.71
2017-12-31 0.78
2017-09-30 0.60
2017-06-30 0.41
2017-03-31 0.68
2016-12-31 0.66
2016-09-30 0.76
2016-06-30 1.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if RPT Realty will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess RPT Realty's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RPT Realty has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has RPT Realty performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RPT Realty's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RPT Realty has delivered over 20% year on year earnings growth in the past 5 years.
  • RPT Realty's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • RPT Realty's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
RPT Realty's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RPT Realty Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RPT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 257.88 13.59 24.25
2018-12-31 260.90 10.46 23.36
2018-09-30 261.48 35.50 26.59
2018-06-30 263.29 54.24 26.30
2018-03-31 260.23 56.10 24.96
2017-12-31 265.36 61.93 25.94
2017-09-30 265.59 47.97 23.53
2017-06-30 263.77 32.64 23.58
2017-03-31 262.65 53.77 22.89
2016-12-31 261.36 52.61 22.04
2016-09-30 265.51 60.36 22.78
2016-06-30 265.70 79.21 21.02
2016-03-31 259.78 59.81 20.81
2015-12-31 253.00 57.44 20.08
2015-09-30 247.97 30.48 19.94
2015-06-30 239.07 4.05 21.32
2015-03-31 230.28 -2.81 21.01
2014-12-31 218.44 -9.79 21.67
2014-09-30 203.05 -2.77 21.33
2014-06-30 193.36 -4.20 20.52
2014-03-31 185.04 -1.41 20.98
2013-12-31 171.76 0.53 20.95
2013-09-30 150.21 6.73 20.21
2013-06-30 136.90 4.59 20.62
2013-03-31 125.62 2.17 19.87
2012-12-31 128.47 0.06 19.13
2012-09-30 121.11 -29.17 19.13
2012-06-30 122.97 -26.18 19.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • RPT Realty has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • RPT Realty used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • RPT Realty has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess RPT Realty's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RPT Realty has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is RPT Realty's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RPT Realty's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RPT Realty is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RPT Realty's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of RPT Realty's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RPT Realty Company Filings, last reported 1 month ago.

NYSE:RPT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 821.79 979.81 87.59
2018-12-31 831.54 964.12 45.18
2018-09-30 856.95 1,048.14 23.48
2018-06-30 865.60 1,028.83 11.54
2018-03-31 877.91 1,024.52 15.69
2017-12-31 885.17 1,000.45 11.21
2017-09-30 880.81 1,083.17 6.51
2017-06-30 872.90 1,199.25 6.51
2017-03-31 886.33 1,194.32 7.00
2016-12-31 888.60 1,023.59 5.73
2016-09-30 897.80 1,005.45 3.63
2016-06-30 901.08 1,036.12 4.37
2016-03-31 895.09 1,085.07 3.66
2015-12-31 904.47 1,087.06 7.29
2015-09-30 909.60 1,109.20 7.41
2015-06-30 896.44 910.10 7.23
2015-03-31 905.66 914.91 12.97
2014-12-31 898.28 922.19 9.87
2014-09-30 929.71 937.17 13.04
2014-06-30 819.09 757.79 34.08
2014-03-31 799.32 752.22 6.96
2013-12-31 797.96 761.16 8.04
2013-09-30 736.77 724.95 6.28
2013-06-30 728.29 717.38 2.04
2013-03-31 718.05 693.19 11.47
2012-12-31 559.83 552.88 4.23
2012-09-30 557.81 559.52 8.35
2012-06-30 552.94 530.73 4.19
  • RPT Realty's level of debt (119.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (94.1% vs 119.2% today).
  • Debt is not well covered by operating cash flow (9.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess RPT Realty's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RPT Realty has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is RPT Realty's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.94%
Current annual income from RPT Realty dividends. Estimated to be 7.05% next year.
If you bought $2,000 of RPT Realty shares you are expected to receive $139 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • RPT Realty's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • RPT Realty's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase RPT Realty before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:RPT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:RPT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.93 1.00
2022-12-31 0.90 1.00
2021-12-31 0.88 1.00
2020-12-31 0.90 4.00
2019-12-31 0.89 4.00
NYSE:RPT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-01 0.880 6.982
2018-10-31 0.880 6.977
2018-09-07 0.880 6.670
2018-05-16 0.880 6.827
2018-02-28 0.880 7.336
2017-11-30 0.880 6.557
2017-08-31 0.880 6.559
2017-05-17 0.880 6.680
2017-03-07 0.880 6.399
2016-12-05 0.880 5.409
2016-09-06 0.880 5.000
2016-05-16 0.840 4.423
2016-03-03 0.840 4.737
2016-02-29 0.840 4.916
2016-02-23 0.840 4.939
2015-08-10 0.840 5.169
2015-05-07 0.800 4.719
2015-02-24 0.800 4.344
2014-11-11 0.800 4.278
2014-09-03 0.800 4.776
2014-07-30 0.750 4.482
2014-07-22 0.750 4.441
2014-02-26 0.750 4.560
2013-11-20 0.750 4.751
2013-09-05 0.750 4.801
2013-05-15 0.673 4.334
2013-02-26 0.673 4.089
2012-11-12 0.673 4.802
2012-08-08 0.653 5.054
2012-05-08 0.653 5.306
2012-02-23 0.653 5.544
2011-12-07 0.653 6.213
2011-09-09 0.653 7.403
2011-06-01 0.653 5.700
2011-03-02 0.653 5.146
2010-12-01 0.653 5.167
2010-09-08 0.653 5.709
2010-06-08 0.653 6.128
2010-03-03 0.653 5.715
2010-01-25 0.653 6.772
2009-09-11 0.653 7.284
2009-06-10 0.925 9.717

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of RPT Realty's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess RPT Realty's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RPT Realty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RPT Realty has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of RPT Realty's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Harper
COMPENSATION $8,047,751
AGE 42
TENURE AS CEO 0.9 years
CEO Bio

Mr. Brian L. Harper is the President, CEO & Trustee at RPT Realty since June 15, 2018. He served as Chief Executive Officer of Rouse Properties, Inc. since September 2016 and served as its Chief Operating Officer from April 22, 2015 to September 2016. Mr. Harper served as an Executive Vice President of Leasing & Acquisitions at Rouse Properties, Inc since March 10, 2015 until April 2015. He served as an Executive Vice President of Leasing at Rouse Properties, Inc. since January 12, 2012. Mr. Harper has over 18 years of experience in the retail real estate industry, including work with ground up development, asset repositions, distressed real estate and "regular" mall leasing. Mr. Harper served as Senior Vice President of Leasing at General Growth Properties since 2011. Prior to 2011, he served in various positions at GGP, including Vice President of Mall Leasing and Vice President at Leasing/Big Box for both the Western and Eastern Regions. Before joining GGP, Mr. Harper served as a Leasing Associate at RED. He has won several awards, including Chain Store Age’s 10 Under 40 in Real Estate. He served as Vice President of Leasing at RED Development from 2002 to 2005 and an Associate at Cohen-Esrey Real Estate Services, LLC from 1998 to 2002. Mr. Harper holds a Bachelor’s degree from the University of Kansas. Mr. Harper is active in many professional and charitable organizations, and currently serves on the national Board of Directors for Autism Speaks. He is an active member of ICSC, Nareit and YPO.

CEO Compensation
  • Insufficient data for Brian to compare compensation growth.
  • Brian's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the RPT Realty management team in years:

0.9
Average Tenure
44
Average Age
  • The average tenure for the RPT Realty management team is less than 2 years, this suggests a new team.
Management Team

Brian Harper

TITLE
President
COMPENSATION
$8M
AGE
42
TENURE
0.9 yrs

Michael Fitzmaurice

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
39
TENURE
0.9 yrs

Ray Merk

TITLE
Senior VP & Chief Accounting Officer
COMPENSATION
$568K
AGE
59
TENURE
2.2 yrs

Cathe Clark

TITLE
Executive Vice President of Transactions
COMPENSATION
$756K
AGE
59
TENURE
13.9 yrs

Tim Collier

TITLE
Executive Vice President of Leasing
COMPENSATION
$944K
AGE
44
TENURE
0.8 yrs

Heather Ohlberg

TITLE
Senior VP
TENURE
1.3 yrs

Deanna Cain

TITLE
Head of Human Resources

Michael McBride

TITLE
Senior Vice President of Asset Management

Vin Chao

TITLE
Vice President of Finance

Jonathan Krausche

TITLE
Senior Vice President of Development
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the RPT Realty board of directors in years:

0.9
Average Tenure
63
Average Age
  • The average tenure for the RPT Realty board of directors is less than 3 years, this suggests a new board.
Board of Directors

Arthur Goldberg

TITLE
COMPENSATION
$150K
AGE
75
TENURE
30.9 yrs

Brian Harper

TITLE
President
COMPENSATION
$8M
AGE
42
TENURE
0.9 yrs

David Nettina

TITLE
COMPENSATION
$165K
AGE
65
TENURE
7.3 yrs

Laurie Shahon

TITLE
COMPENSATION
$155K
AGE
67
TENURE
3.5 yrs

Andrea Weiss

TITLE
COMPENSATION
$83K
AGE
62
TENURE
0.7 yrs

Rick Federico

TITLE
COMPENSATION
$54K
AGE
63
TENURE
0.4 yrs

Joanna Lau

TITLE
Independent Trustee
AGE
59
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by RPT Realty insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Mar 19 Buy Michael Fitzmaurice Individual 12. Mar 19 12. Mar 19 2,000 $11.77 $23,540
13. Mar 19 Buy Brian Harper Individual 12. Mar 19 12. Mar 19 8,500 $11.78 $100,130
13. Mar 19 Buy David Nettina Individual 12. Mar 19 12. Mar 19 10,000 $11.81 $118,100
03. Jan 19 Buy Laurie Shahon Individual 31. Dec 18 31. Dec 18 1,000 $10.97 $10,970
29. May 18 Sell Joel Pashcow Individual 24. May 18 24. May 18 -25,000 $11.82 $-295,465
X
Management checks
We assess RPT Realty's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RPT Realty has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Worried About Insider Transactions At RPT Realty (NYSE:RPT)?

Over the last year, we can see that the biggest insider sale was by the , Joel Pashcow, for US$632k worth of shares, at about US$11.70 per share. … That means that even when the share price was below the current price of US$12.78, an insider wanted to cash in some shares. … As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation

Simply Wall St -

Should You Buy RPT Realty (NYSE:RPT) For Its Dividend?

In this case, RPT Realty likely looks attractive to investors, given its 7.4% dividend yield and a payment history of over ten years. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable. … NYSE:RPT Historical Dividend Yield, April 19th 2019

Simply Wall St -

Is RPT Realty's (NYSE:RPT) ROE Of 2.2% Concerning?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.022 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Introducing RPT Realty (NYSE:RPT), The Stock That Dropped 33% In The Last Three Years

We regret to report that long term RPT Realty (NYSE:RPT) shareholders have had that experience, with the share price dropping 33% in three years, versus a market return of about 48%. … The falls have accelerated recently, with the share price down 18% in the last three months. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Is It Time To Consider Buying RPT Realty (NYSE:RPT)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $14.36 at one point, and dropping to the lows of $11.7. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether RPT Realty's current trading price of $12.74 reflective of the actual value of the?

Simply Wall St -

Does RPT Realty (NYSE:RPT) Have A High Beta?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

You May Have Been Looking At RPT Realty (NYSE:RPT) All Wrong

real estate investment trust (REIT) based in New York, United States. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation

Simply Wall St -

Why Ramco-Gershenson Properties Trust (NYSE:RPT) May Not Be As Efficient As Its Industry

and want to begin learning the link between Ramco-Gershenson Properties Trust (NYSE:RPT)’s return fundamentals and stock market performance. … With an ROE of 7.38%, Ramco-Gershenson Properties Trust (NYSE:RPT) returned in-line to its own industry which delivered 7.62% over the past year. … But what is more interesting is whether RPT can sustain or improve on this level of return

Simply Wall St -

Is Buying Ramco-Gershenson Properties Trust (NYSE:RPT) For Its Upcoming US$00.22 Dividend A Good Choice?

To qualify for the dividend check of $0.22 per share, investors must have owned the shares prior to 19 June 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Ramco-Gershenson Properties Trust's latest financial data to analyse its dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

Ramco-Gershenson Properties Trust (NYSE:RPT): Dividend Is Coming In 3 Days, Should You Buy?

See our latest analysis for Ramco-Gershenson Properties Trust 5 checks you should use to assess a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … NYSE:RPT Historical Dividend Yield Mar 15th 18 How does Ramco-Gershenson Properties Trust fare? … Ramco-Gershenson Properties Trust has a trailing twelve-month payout ratio of 112.75%, meaning that a portion of dividend payments are funded by retained earnings.

Simply Wall St -

Company Info

Description

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT. As of March 31, 2019, the Company's portfolio consisted of 49 shopping centers (including 1 shopping center owned through a joint venture) representing 11.9 million square feet. As of March 31, 2019, the Company’s aggregate portfolio was 94.8% leased.

Details
Name: RPT Realty
RPT
Exchange: NYSE
Founded: 1997
$1,043,078,406
$1,018,872,058
82,261,704
Website: http://rptrealty.com
Address: RPT Realty
19 West 44th Street,
Suite 1002,
New York,
New York, 10036,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RPT Common Shares New York Stock Exchange US USD 28. Dec 1988
DB R4F Common Shares Deutsche Boerse AG DE EUR 28. Dec 1988
LSE 0A1L Common Shares London Stock Exchange GB EUR 28. Dec 1988
Number of employees
Current staff
Staff numbers
95
RPT Realty employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:40
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.