Last $16.91 USD
Change Today +0.03 / 0.18%
Volume 1.2M
RPT On Other Exchanges
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Exchange
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As of 8:04 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

ramco-gershenson properties (RPT) Snapshot

Open
$16.54
Previous Close
$16.88
Day High
$17.10
Day Low
$16.54
52 Week High
06/6/14 - $17.13
52 Week Low
09/3/13 - $14.11
Market Cap
1.2B
Average Volume 10 Days
447.6K
EPS TTM
$0.11
Shares Outstanding
68.4M
EX-Date
06/18/14
P/E TM
160.5x
Dividend
$0.75
Dividend Yield
4.44%
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Raises Earnings Guidance for 2014

Ramco-Gershenson Properties Trust reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenue was $49.930 million against $42.702 million a year ago. Operating income was $6.732 million against $11.309 million a year ago. Income from continuing operation before tax was $1.119 million against $4.079 million a year ago. Income from continuing operation was $1.120 million or $0.01 per diluted share against $4.092 million or $0.03 per diluted share a year ago. Net income attributable to the company was $1.086 million against $5.574 million a year ago. Net loss available to common shareholder was $0.727 million or $0.01 per diluted share against net income available to common shareholder of $3.761 million or $0.06 per diluted share a year ago. Fund from operation was $22.867 million or $0.29 per diluted share against $19.583 million or $0.28 per diluted share a year ago. Operating FFO was $24.178 million or $0.31 per diluted share against $20.032 million or $0.29 per diluted share a year ago. For the six months, total revenue was $100.063 million against $76.640 million a year ago. Operating income was $19.135 million against $19.539 million a year ago. Income from continuing operation before tax was $3.897 million against $8.949 million a year ago. Income from continuing operation was $3.881 million or nil per diluted share against $8.919 million or $0.08 per diluted share a year ago. Net income attributable to the company was $3.758 million against $10.623 million a year ago. Net income available to common shareholder was $0.133 million or nil per diluted share against $6.998 million or $0.12 per diluted share a year ago. Fund from operation was $45.888 million or $0.59 per diluted share against $38.394 million or $0.59 per diluted share a year ago. Operating FFO was $47.175 million or $0.61 per diluted share against $39.075 million or $0.60 per diluted share a year ago. The company is increasing its 2014 guidance for operating FFO to $1.22 to $1.26 per diluted share from its prior guidance of $1.20 to $1.26 per diluted share.

Ramco-Gershenson Properties Trust Acquires Two High-Quality Shopping Centers in Minneapolis-St. Paul and Cincinnati Markets

Ramco-Gershenson Properties Trust announced that it has acquired two strategic, multi-anchored community shopping centers in Minneapolis-St. Paul, Minnesota and Cincinnati, Ohio for approximately $150 million. The acquisitions were financed with $58.6 million of assumed mortgage debt, $9.9 million in disposition proceeds, $60.0 million in borrowings under the company's revolving line of credit, and $21.5 million in cash.

Ramco-Gershenson Properties Trust to Report Q2, 2014 Results on Jul 22, 2014

Ramco-Gershenson Properties Trust announced that they will report Q2, 2014 results After-Market on Jul 22, 2014

 

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Industry Analysis

RPT

Industry Average

Valuation RPT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.1x
Price/Book 1.7x
Price/Cash Flow 16.1x
TEV/Sales 1.4x
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