Ramco-Gershenson Announces 2013 FFO Guidance and Raises Its Common Share Dividend

  Ramco-Gershenson Announces 2013 FFO Guidance and Raises Its Common Share

Business Wire

FARMINGTON HILLS, Mich. -- November 12, 2012

Ramco-Gershenson Properties Trust (NYSE:RPT) announced today that it is
providing guidance for Funds from Operations (“FFO”) for the full-year 2013.
In addition, it has raised its quarterly common share dividend by 3.0%.

2013 Guidance:

The Company is estimating that its 2013 full-year FFO per diluted common share
will be between $1.03 and $1.09.

The 2013 guidance takes into consideration the following key assumptions:

  *Projected year-end core portfolio leased occupancy of between 94% - 95%.
  *An anticipated increase in same-center net operating income of 2% - 3%.

The 2013 guidance excludes any shopping center acquisitions or dispositions,
transaction costs, potential impairment charges, and gains or losses on
extinguishment of debt.

Quarterly Dividend Increase:

Consistent with the Company’s achievements and future prospects,
Ramco-Gershenson’s Board of Trustees has approved an increase in its quarterly
common share cash dividend of 3.0% to $0.16825 per share, or $0.6730 per share
annualized, for the period of September 1, 2012 through December 31, 2012. The
Board also approved a fourth quarter 2012 Series D convertible perpetual
preferred share dividend of $0.90625 per share, for the same period. The
fourth quarter dividends are payable on January 2, 2013 to shareholders of
record on December 20, 2012.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYSE:RPT) is a fully integrated,
self-administered, publicly-traded real estate investment trust (REIT) based
in Farmington Hills, Michigan. The Company’s business is the ownership and
management of multi-anchor shopping centers in strategic, quality of life
markets throughout the Eastern, Midwestern and Central United States. At
September 30, 2012, the Company owned and managed a portfolio of 80 shopping
centers and one office building with approximately 15.0 million square feet of
gross leasable area owned by the Company or its joint ventures. The properties
are located in Michigan, Florida, Ohio, Georgia, Missouri, Colorado,
Wisconsin, Illinois, Indiana, New Jersey, Virginia, Maryland, and Tennessee.
At September 30, 2012, the Company’s core operating portfolio was 94.4%
leased. For additional information regarding Ramco-Gershenson Properties Trust
visit the Company's website at www.rgpt.com.

This press release may contain forward-looking statements that represent the
Company’s expectations and projections for the future. Management of
Ramco-Gershenson believes the expectations reflected in any forward-looking
statements made in this press release are based on reasonable assumptions.
Certain factors could occur that might cause actual results to vary, including
deterioration in national economic conditions, weakening of real estate
markets, decreases in the availability of credit, increases in interest rates,
adverse changes in the retail industry, our continuing to ability to qualify
as a REIT and other factors discussed in the Company’s reports filed with the
Securities and Exchange Commission.

Click here to subscribe to Mobile Alerts for Ramco-Gershenson Properties


Ramco-Gershenson Properties Trust
Dawn Hendershot, 248-592-6202
Director of Investor Relations and Corporate Communications
Press spacebar to pause and continue. Press esc to stop.