RPT Realty
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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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for RPT Realty.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess RPT Realty's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess RPT Realty's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from RPT Realty Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess RPT Realty's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from RPT Realty Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess RPT Realty's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) RPT Realty has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
RPT Realty
shares you are expected to receive
$139
in your first year as a dividend.
Dividend Amount
- 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.
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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess RPT Realty's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the RPT Realty management team is less than 2 years, this suggests a new team.
Management Team
Brian Harper
President
$8M
42
0.9 yrs
Michael Fitzmaurice
Executive VP & CFO
$1M
39
0.9 yrs
Ray Merk
Senior VP & Chief Accounting Officer
$568K
59
2.2 yrs
Cathe Clark
Executive Vice President of Transactions
$756K
59
13.9 yrs
Tim Collier
Executive Vice President of Leasing
$944K
44
0.8 yrs
Heather Ohlberg
Senior VP
1.3 yrs
Deanna Cain
Head of Human Resources
Michael McBride
Senior Vice President of Asset Management
Vin Chao
Vice President of Finance
Jonathan Krausche
Senior Vice President of Development
0.7 yrs
Board of Directors Tenure
Average tenure and age of the RPT Realty board of directors in years:
- 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
$150K
75
30.9 yrs
Brian Harper
President
$8M
42
0.9 yrs
David Nettina
$165K
65
7.3 yrs
Laurie Shahon
$155K
67
3.5 yrs
Andrea Weiss
$83K
62
0.7 yrs
Rick Federico
$54K
63
0.4 yrs
Joanna Lau
Independent Trustee
59
0.1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by RPT Realty insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess RPT Realty's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleShould 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 - – Full articleIs 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 - – Full articleIntroducing 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 - – Full articleIs 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 - – Full articleDoes 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 - – Full articleYou 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 - – Full articleWhy 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 - – Full articleIs 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 - – Full articleRamco-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 - – Full articleCompany 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
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.
