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Last $15.34 USD
Change Today +0.18 / 1.19%
Volume 344.1K
RPT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

ramco-gershenson properties (RPT) Snapshot

Open
$15.17
Previous Close
$15.16
Day High
$15.41
Day Low
$15.09
52 Week High
01/28/15 - $20.20
52 Week Low
09/1/15 - $15.06
Market Cap
1.2B
Average Volume 10 Days
422.5K
EPS TTM
$0.41
Shares Outstanding
79.2M
EX-Date
09/17/15
P/E TM
37.1x
Dividend
$0.84
Dividend Yield
5.22%
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.

116 Employees
Last Reported Date: 02/27/15
Founded in 1988

ramco-gershenson properties (RPT) Top Compensated Officers

Chief Executive Officer, President, Trustee a...
Total Annual Compensation: $600.0K
Chief Financial Officer and Secretary
Total Annual Compensation: $413.1K
Executive Vice President of Transactions
Total Annual Compensation: $454.2K
Executive Vice President and Assistant Secret...
Total Annual Compensation: $447.2K
Compensation as of Fiscal Year 2014.

ramco-gershenson properties (RPT) Key Developments

Ramco-Gershenson Properties Trust Declares Regular Third Quarter Cash Dividend on Common Shares and Series D Convertible Perpetual Preferred Shares, Payable on October 1, 2015

Ramco-Gershenson Properties Trust announced that its Board of Trustees declared a regular third quarter cash dividend of $0.21 per common share, resulting in an indicated annual rate of $0.84 per share, an increase of $0.04 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, 2015 through September 30, 2015, are payable on October 1, 2015 to shareholders of record on September 21, 2015.

Ramco-Gershenson Properties Trust Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Ramco-Gershenson Properties Trust announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $59,735,000 against $49,930,000 a year ago. Operating income was $15,910,000 against $6,732,000 a year ago. Income before tax was $7,544,000 against $1,119,000 a year ago. Net income available to common shareholders was $4,915,000 or $0.06 basic and diluted per share against net loss available to common shareholders of $727,000 or $0.01 basic and diluted per share a year ago. FFO was $28,273,000 or $0.32 diluted per share against $22,867,000 or $0.29 diluted per share a year ago. Operating FFO was $27,651,000 or $0.31 diluted per share against $24,178,000 or $0.31 diluted per share a year ago. For the six months, the company reported total revenue of $119,152,000 against $100,063,000 a year ago. Operating income was $30,541,000 against $19,135,000 a year ago. Income before tax was $17,510,000 against $3,897,000 a year ago. Net income available to common shareholders was $12,770,000 or $0.16 basic and diluted per share against $133,000 a year ago. FFO was $57,001,000 or $0.65 diluted per share against $45,888,000 or $0.59 diluted per share a year ago. Operating FFO was $58,942,000 or $0.67 diluted per share against $47,175,000 or $0.61 diluted per share a year ago. The company has narrowed its 2015 guidance for operating FFO to a range of $1.28 to $1.32 per diluted share.

Ramco-Gershenson Properties Trust to Report Q2, 2015 Results on Jul 21, 2015

Ramco-Gershenson Properties Trust announced that they will report Q2, 2015 results After-Market on Jul 21, 2015

 

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