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MarketScreener Homepage  >  Equities  >  Nyse  >  RPT Realty    RPT

RPT REALTY

(RPT)
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RPT Realty Announces Inaugural Investment Grade Credit Rating From Fitch Ratings, Inc.

11/19/2020 | 04:15pm EST

NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (the “Company” or “RPT”) announced today that Fitch Ratings, Inc. (“Fitch”) has assigned a first time rating to RPT, including a Long-Term Issuer Default Rating of ‘BBB-‘ with a stable outlook. According to Fitch’s published report, the rating and outlook reflects RPT’s experienced management team, meaningful improvements to operating performance and the balance sheet prior to the pandemic, performance through the pandemic to-date, below average exposure to local tenants, financial flexibility and conservative balance sheet management.

“We are pleased that we were able to obtain RPT’s inaugural investment grade credit rating, particularly during these unprecedented times,” said Brian Harper, President and CEO. “We believe the investment grade rating validates our track record of delivering strong operational results and the quality of our long-term cash flows, as well as, demonstrating our commitment to a best-in-class balance sheet.”

More information regarding RPT’s rating assignment can be found on Fitch's website at: fitchratings.com.

About RPT Realty
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 experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the “NYSE”). The common shares of the Company, par value $0.01 per share are listed and traded on the NYSE under the ticker symbol “RPT”. As of September 30, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. As of September 30, 2020, the Company’s pro-rata share of the aggregate portfolio was 93.3% leased. For additional information about the Company please visit rptrealty.com.

Contact Information

Vin Chao
Senior Vice President - Finance
vchao@rptrealty.com
(212) 221-1752


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© GlobeNewswire 2020
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Financials (USD)
Sales 2020 193 M - -
Net income 2020 -13,6 M - -
Net Debt 2020 833 M - -
P/E ratio 2020 -53,9x
Yield 2020 2,62%
Capitalization 749 M 749 M -
EV / Sales 2020 8,22x
EV / Sales 2021 8,58x
Nbr of Employees 104
Free-Float 96,3%
Chart RPT REALTY
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Technical analysis trends RPT REALTY
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 9,75 $
Last Close Price 9,25 $
Spread / Highest target 18,9%
Spread / Average Target 5,41%
Spread / Lowest Target -2,70%
EPS Revisions
Managers and Directors
NameTitle
Brian L. Harper President, Chief Executive Officer & Trustee
Michael P. Fitzmaurice Chief Financial Officer & Executive VP
Bill Piper Vice President-Information Technology
Arthur H. Goldberg Independent Trustee
David J. Nettina Independent Trustee
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