Last $1.05 USD
Change Today -0.01 / -0.94%
Volume 36.8K
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

roberts realty investors inc (RPI) Snapshot

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11/20/14 - $1.16
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11/19/14 - $0.33
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roberts realty investors inc (RPI) Details

Roberts Realty Investors, Inc. operates as a real estate investment trust (REIT) that primarily engages in the ownership and operation of multifamily residential properties in the United States. As of September 30, 2005, the company owned two multifamily apartment communities totaling 403 residential units in the Atlanta metropolitan area; three retail centers totaling 121,477 square feet, including a 39,205 square feet retail center, which was in its lease-up phase; and a 37,864 square feet commercial office building, which was also in its lease-up phase. It also owned 5 tracts of undeveloped land totaling 67 acres in various phases of development and a 44 acre tract of land that was held for investment, as of the above date. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to federal income tax, provided it distributes at least 90% of its REIT taxable income to its stockholders. Roberts Realty Investors was formed in 1994 and is headquartered in Atlanta, Georgia.

1 Employees
Last Reported Date: 03/6/14
Founded in 1994

roberts realty investors inc (RPI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2013.

roberts realty investors inc (RPI) Key Developments

Roberts Realty Investors, Inc. Proposes Amendment to Articles of Incorporation

Roberts Realty Investors Inc. will propose amendment to the company's articles of incorporation to eliminate the ownership limits that are currently contained in the articles of incorporation to permit A-III to purchase shares of the company's common stock at closing and exercise its warrants at the special meeting to be held on January 22, 2015.

Roberts Realty Investors Inc. Appoints Cherry Bekaert LLP as Independent Registered Public Accounting Firm for 2014

Roberts Realty Investors Inc. held its annual meeting of shareholders on December 12, 2014, has approved the appointment of Cherry Bekaert LLP as independent registered public accounting firm for 2014.

Roberts Realty Investors Announces Receipt Of Notice Of Non-Compliance From NYSE MKT Stock Exchange

Roberts Realty Investors, Inc. announced that the Company received a notice of non compliance from the NYSE MKT stock exchange on November 20, 2014. The notice advised the Company that it was not in compliance with Sections 134 and 1101 of the Exchange’s Company Guide due to the Company’s failure to timely file with the SEC its quarterly report on Form 10-Q for the quarter ended September 30, 2014. In addition, the Exchange asserted in the notice that the Company’s failure to file the Form 10-Q in a timely manner is a material violation of its listing agreement with the Exchange. Under the Exchange’s rules, the Company has until December 5, 2014 to submit a plan advising the Exchange of action it has taken, or will take, that would bring the Company back into compliance with Sections 134 and 1101 of the Company Guide by no later than February 18, 2015. The Company intends to submit such a plan to the Exchange on or before December 5, 2014. The Exchange will evaluate the plan and determine whether the Company has made a reasonable demonstration in the plan of an ability to regain compliance with the applicable continued listing standards by February 18, 2015, in which case the plan will be accepted and the Company will have until February 18, 2015 to regain compliance with the continued listing standards. The Company will be subject to periodic review by Exchange staff during the plan period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the plan period could result in the Company being delisted from the Exchange. Currently, the Company expects to file the Form 10-Q with the SEC before February 18, 2015.


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