NYSE:RPT

Stock Analysis Report

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Executive Summary

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. More Details


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

RPTIndustryMarket
7 Day-0.8%-4.4%-3.4%
30 Day21.7%-0.2%0.6%
90 Day42.2%2.1%6.3%
1 Year-13.1%-16.4%-4.2%-8.5%32.2%29.4%
3 Year10.6%-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

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

NamePositionTenureCompensationOwnership
Brian Harper
President2.75yrsUS$4.49m0.83%
$ 7.5m
Michael Fitzmaurice
Executive VP & CFO2.75yrsUS$1.48m0.22%
$ 2.0m
Raymond Merk
Senior VP & Chief Accounting Officer4yrsUS$613.33k0.047%
$ 422.9k
Timothy Collier
Executive Vice President of Leasing2.58yrsUS$1.18m0.096%
$ 863.5k
Courtney Smith
Senior Vice President of Investments1.67yrsno datano data
Heather Ohlberg
Executive VP3.08yrsno data0.046%
$ 415.0k
Deanna Cain
Head of Human Resourcesno datano datano data
Michael McBride
Senior Vice President of Asset Managementno datano datano data
Vincent Chao
Senior Vice President of Financeno datano datano data

2.8yrs

Average Tenure

45yo

Average Age

Experienced Management: RPT's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Harper
President2.75yrsUS$4.49m0.83%
$ 7.5m
Richard Federico
Independent Trustee2.25yrsUS$130.00k0.045%
$ 404.7k
Arthur Goldberg
Independent Trustee32.75yrsUS$140.00k0.085%
$ 760.8k
David Nettina
Independent Chairman of the Boardno dataUS$191.10k0.11%
$ 981.3k
Joanna Lau
Independent Trustee1.92yrsUS$127.45k0.033%
$ 298.8k
Laurie Shahon
Independent Trustee5.33yrsUS$140.00k0.058%
$ 525.8k
Andrea Weiss
Independent Trustee2.5yrsUS$130.00k0.040%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RPTNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 1988
R4FDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1988
0A1LLSE (London Stock Exchange)YesCommon SharesGBEURDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 23:36
End of Day Share Price2021/03/03 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.