RPT Realty
Market Cap
US$899.5m
Last Updated
2021/03/03 23:36 UTC
Data Sources
Company Financials +
Executive Summary
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 10.7% per year for the next 3 years
Snowflake Analysis
Fair value second-rate dividend payer.
Similar Companies
Share Price & News
How has RPT Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RPT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RPT's weekly volatility has decreased from 13% to 5% over the past year.
Market Performance
7 Day Return
-0.8%
RPT
-4.4%
US REITs
-3.4%
US Market
1 Year Return
-16.4%
RPT
-8.5%
US REITs
29.4%
US Market
Return vs Industry: RPT underperformed the US REITs industry which returned -8.5% over the past year.
Return vs Market: RPT underperformed the US Market which returned 29.4% over the past year.
Shareholder returns
| RPT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -4.4% | -3.4% |
| 30 Day | 21.7% | -0.2% | 0.6% |
| 90 Day | 42.2% | 2.1% | 6.3% |
| 1 Year | -13.1%-16.4% | -4.2%-8.5% | 32.2%29.4% |
| 3 Year | 10.6%-7.2% | 31.5%15.5% | 51.3%41.7% |
| 5 Year | -10.7%-33.1% | 44.5%15.3% | 119.6%95.2% |
Long-Term Price Volatility Vs. Market
How volatile is RPT Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Much Did RPT Realty's(NYSE:RPT) Shareholders Earn From Share Price Movements Over The Last Five Years?3 months ago | Simply Wall St
Should You Be Impressed By RPT Realty's (NYSE:RPT) ROE?4 months ago | Simply Wall St
If You Had Bought RPT Realty's (NYSE:RPT) Shares Five Years Ago You Would Be Down 69%Valuation
Is RPT Realty undervalued compared to its fair value and its price relative to the market?
24.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RPT ($11.29) is trading below our estimate of fair value ($15.04)
Significantly Below Fair Value: RPT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RPT is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: RPT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RPT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RPT is good value based on its PB Ratio (1.3x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is RPT Realty forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RPT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RPT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RPT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: RPT's revenue (2.5% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: RPT's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RPT is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has RPT Realty performed over the past 5 years?
-11.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RPT is currently unprofitable.
Growing Profit Margin: RPT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RPT is unprofitable, and losses have increased over the past 5 years at a rate of 11.7% per year.
Accelerating Growth: Unable to compare RPT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RPT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-6.1%).
Return on Equity
High ROE: RPT has a negative Return on Equity (-1.31%), as it is currently unprofitable.
Next Steps
Financial Health
How is RPT Realty's financial position?
Financial Position Analysis
Short Term Liabilities: RPT's short term assets ($258.4M) exceed its short term liabilities ($49.0M).
Long Term Liabilities: RPT's short term assets ($258.4M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: RPT's debt to equity ratio (130.1%) is considered high.
Reducing Debt: RPT's debt to equity ratio has increased from 120.1% to 130.1% over the past 5 years.
Debt Coverage: RPT's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: RPT is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is RPT Realty current dividend yield, its reliability and sustainability?
2.66%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RPT's dividend (2.66%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: RPT's dividend (2.66%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: RPT's dividend payments have been volatile in the past 10 years.
Growing Dividend: RPT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63%), RPT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RPT's dividends in 3 years are forecast to be covered by earnings (64.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Brian Harper (44 yo)
2.75yrs
Tenure
US$4,493,756
Compensation
Mr. Brian L. Harper has served as a President, CEO & Trustee at RPT Realty since June 15, 2018. He served as Chief Executive Officer of Rouse Properties, Inc. since September 2016 and served as its Chief O...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD4.49M) is above average for companies of similar size in the US market ($USD2.20M).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.75yrs | US$4.49m | 0.83% $ 7.5m | |
| Executive VP & CFO | 2.75yrs | US$1.48m | 0.22% $ 2.0m | |
| Senior VP & Chief Accounting Officer | 4yrs | US$613.33k | 0.047% $ 422.9k | |
| Executive Vice President of Leasing | 2.58yrs | US$1.18m | 0.096% $ 863.5k | |
| Senior Vice President of Investments | 1.67yrs | no data | no data | |
| Executive VP | 3.08yrs | no data | 0.046% $ 415.0k | |
| Head of Human Resources | no data | no data | no data | |
| Senior Vice President of Asset Management | no data | no data | no data | |
| Senior Vice President of Finance | no data | no data | no data |
2.8yrs
Average Tenure
45yo
Average Age
Experienced Management: RPT's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.75yrs | US$4.49m | 0.83% $ 7.5m | |
| Independent Trustee | 2.25yrs | US$130.00k | 0.045% $ 404.7k | |
| Independent Trustee | 32.75yrs | US$140.00k | 0.085% $ 760.8k | |
| Independent Chairman of the Board | no data | US$191.10k | 0.11% $ 981.3k | |
| Independent Trustee | 1.92yrs | US$127.45k | 0.033% $ 298.8k | |
| Independent Trustee | 5.33yrs | US$140.00k | 0.058% $ 525.8k | |
| Independent Trustee | 2.5yrs | US$130.00k | 0.040% $ 355.6k |
2.6yrs
Average Tenure
65yo
Average Age
Experienced Board: RPT's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
RPT Realty's company bio, employee growth, exchange listings and data sources
Key Information
- Name: RPT Realty
- Ticker: RPT
- Exchange: NYSE
- Founded: 1997
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$899.505m
- Market Cap: US$917.025m
- Shares outstanding: 83.13m
- Website: https://www.rptrealty.com
Number of Employees
Location
- RPT Realty
- 19 West 44th Street
- Suite 1002
- New York
- New York
- 10036
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RPT | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Dec 1988 |
| R4F | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 1988 |
| 0A1L | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Dec 1988 |
Biography
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 experienc...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 23:36 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.