Last $16.72 USD
Change Today -0.35 / -2.05%
Volume 784.0K
RPT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/12/14 All times are local (Market data is delayed by at least 15 minutes).

ramco-gershenson properties (RPT) Snapshot

Open
$17.18
Previous Close
$17.07
Day High
$17.24
Day Low
$16.63
52 Week High
09/8/14 - $17.37
52 Week Low
10/8/13 - $14.76
Market Cap
1.3B
Average Volume 10 Days
549.0K
EPS TTM
$0.11
Shares Outstanding
77.2M
EX-Date
09/17/14
P/E TM
155.8x
Dividend
$0.80
Dividend Yield
4.49%
Current Stock Chart for RAMCO-GERSHENSON PROPERTIES (RPT)

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ramco-gershenson properties (RPT) Details

Ramco-Gershenson Properties Trust, a real estate investment trust (REIT), engages in the ownership, development, acquisition, management, and leasing of community shopping centers, single tenant retail properties, and one regional mall in the Midwestern, Southeastern, and Mid-Atlantic regions of the United States. As of December 31, 2007, the company owned interests in 89 shopping centers, which included 65 community centers, 21 power centers, 2 single tenant retail properties, and 1 enclosed regional mall. Ramco-Gershenson Properties has elected to be a taxable REIT for federal income tax purposes. As a REIT, it would not be subject to federal income taxes, if it distributes approximately 90% of its taxable income to its shareholders. The company was founded in 1988 and is based in Farmington Hills, Michigan with additional office in Boca Raton, Florida.

108 Employees
Last Reported Date: 02/27/14
Founded in 1988

ramco-gershenson properties (RPT) Top Compensated Officers

Chief Executive Officer, President, Trustee a...
Total Annual Compensation: $546.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $397.2K
Senior Vice President of Asset Management
Total Annual Compensation: $441.1K
Executive Vice President
Total Annual Compensation: $438.7K
Senior Vice President of Acquisitions
Total Annual Compensation: $437.2K
Compensation as of Fiscal Year 2013.

ramco-gershenson properties (RPT) Key Developments

Ramco-Gershenson Properties Trust Announces Agreement for $100 Million in New Long-Term Unsecured Financing

Ramco-Gershenson Properties Trust announced an agreement with NYL Investors, LLC to issue a $100 million private placement of senior unsecured notes. The financing will consist of $50 million of notes with a ten-year term priced at a fixed interest rate of 4.16% and $50 million of notes with a twelve-year term priced at a fixed interest rate of 4.30%. The sale of these notes is expected to close on November 4, 2014. In addition to the new debt, the balance of the Front Range Village purchase will be funded with proceeds generated from the sale of non-core assets.

Ramco-Gershenson Properties Trust Declares Common and Series D Convertible Perpetual Preferred Share Dividends for the Third Quarter of 2014, Payable on October 1, 2014

Ramco-Gershenson Properties Trust announced that its Board of Trustees declared a regular third quarter cash dividend of $0.20 per common share, resulting in an indicated annual rate of $0.80 per share, an increase of $0.05 per share over the prior annual rate. The Board also approved a third quarter Series D convertible perpetual preferred share dividend of $0.90625 per share. The dividends, for the period July 1, 2014 through September 30, 2014, are payable on October 1, 2014 to shareholders of record on September 19, 2014.

Ramco-Gershenson Properties Trust Acquires Buttermilk Towne Center

Ramco-Gershenson Properties Trust announced that it has acquired Buttermilk Towne Center, a multi-anchored community shopping, in Crescent Springs, Kentucky (Cincinnati MSA), for $42 million. The acquisition was funded with cash on hand from the Company's recent equity offering. Buttermilk Towne Center encompasses approximately 278,000 square feet and is anchored by Home Depot (ground lease), Field & Stream (Dick's newest retail concept), LA Fitness, and Remke Market (regional specialty grocer). Furthermore, the center includes land for the development of up to six outparcels and room to build 22,000 square feet of additional retail space. Buttermilk Towne Center is the Company's third acquisition in the Cincinnati market.

 

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RPT Competitors

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Industry Analysis

RPT

Industry Average

Valuation RPT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.0x
Price/Book 1.7x
Price/Cash Flow 16.9x
TEV/Sales 1.9x
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