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Private company

RPT Realty

Logo: RPT Realty, CC BY-SA 4.0, via Wikimedia Commons5

Defunct real estate investment trust

RPT Realty is a real estate investment trust that owns and operates open-air shopping centers. As of December 31, 2022, the company owns 44 wholly owned shopping centers, 13 shopping centers owned through its grocery anchored joint venture, and 48 retail properties owned through its net lease joint venture comprising 15 million square feet. In 2024, the company was acquired by Kimco Realty.3 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1950Founded1
  • Industryreal estate investment trust1
  • HeadquartersNew York City1
  • Websitewww.rptrealty.com
  • Listed onNew York Stock Exchange (RPT)1
  • Legal formStock Corporation4
  • LEI549300T03GDH1L37S1884
  • StatusInactive4
  • LEI statusRetired4
  • Registered addressC/O THE CORPORATION TRUST, INCORPORATED, 21093-2252 Lutherville Timonium, United States4
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D047974114

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RPT Realty is a real estate investment trust that owns and operates open-air shopping centers. As of December 31, 2022, the company owns 44 wholly owned shopping centers, 13 shopping centers owned through its grocery anchored joint venture, and 48 retail properties owned through its net lease joint venture comprising 15 million square feet. In 2024, the company was acquired by Kimco Realty. The company was formerly known as RAMCO Properties Trust and Ramco-Gershenson Properties Trust.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

54.6%Operating margin7
38.6%Net margin7
2.0%Revenue growth, 20227
8.8%Return on equity7
0.89×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs45¢$97.9M
  • Interest16¢$35.6M
  • Income tax0¢$120.0K
  • Profit39¢$84.0M

Out of $217.7M in revenue.7

Where each dollar of operating cash went, fiscal 2022

  • Dividends paid44¢$43.4M
  • Kept or used elsewhere56¢$54.3M

Out of $97.7M of cash from operations.7

Financial statements

Revenue897$217.7M in 2022−17% since 2016
0$100.0M$200.0M$300.0M2016: $260.9M$260.9M20162017: $265.1M$265.1M2017+2%2018: $260.6M$260.6M2018−2%2019: $234.1M$234.1M2019−10%2020: $191.7M$191.7M2020−18%2021: $213.5M$213.5M2021+11%2022: $217.7M$217.7M2022+2%
Operating income8101197$118.8M in 2022+68% since 2016
0$50.0M$100.0M$150.0M2016: $70.9M$70.9M20162017: $63.4M$63.4M2017−11%2018: $52.3M$52.3M2018−18%2019: $135.9M$135.9M2019+160%2020: $27.0M$27.0M2020−80%2021: $111.7M$111.7M2021+314%2022: $118.8M$118.8M2022+6%
Net income8101197$84.0M in 2022+41% since 2016
-$50.0M0$50.0M$100.0M2016: $59.7M$59.7M20162017: $69.1M$69.1M2017+16%2018: $17.6M$17.6M2018−74%2019: $91.5M$91.5M2019+419%2020: -$10.2M-$10.2M20202021: $68.6M$68.6M20212022: $84.0M$84.0M2022+22%
Fiscal year2016201720182019202020212022
Revenue$260.9M8$265.1M8$260.6M8$234.1M9$191.7M7$213.5M7$217.7M7
Operating expenses$190.7M7$187.8M7
Operating income$70.9M8$63.4M10$52.3M11$135.9M9$27.0M7$111.7M7$118.8M7
Interest$44.5M8$44.9M10$43.4M11$40.1M9$39.3M7$37.0M7$35.6M7
Income before tax$70.2M7$85.8M7
Income tax$299.0K8$143.0K10$198.0K11$179.0K9-$25.0K7-$88.0K7$120.0K7
Net income$59.7M8$69.1M10$17.6M11$91.5M9-$10.2M7$68.6M7$84.0M7
Earnings per share$0.668$0.7810$0.1311$1.069-$0.217$0.767$0.917
Earnings per share (diluted)$0.668$0.7810$0.1311$1.049-$0.217$0.757$0.897
Shares (weighted, basic)81.1M shares784.2M shares7
Shares (weighted, diluted)82.3M shares785.5M shares7

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Corporate structure

RPT Realty sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of RPT Realty

  • RPT Realty New York, New York, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What RPT Realty reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$302.1M7 Dec 31, 2022$315.7M7 Dec 31, 2021−4.3%
Construction in progress$14.6M7 Dec 31, 2022$16.8M7 Dec 31, 2021−13.2%
Finance-lease assets$10.1M9 Dec 31, 2021$13.2M9 Dec 31, 2020−23.8%
Operating-lease assets (leased space)$17.3M7 Dec 31, 2022$17.9M7 Dec 31, 2021−3.7%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$1.3B7 Dec 31, 2022$1.5B7 Dec 31, 2021−8.4%
Real estate accumulated depreciation$386.0M7 Dec 31, 2022$422.3M7 Dec 31, 2021−8.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.4M7 Dec 31, 2022$13.4M7 Dec 31, 2021−59.5%
Stakes in other companies (equity method)$423.1M7 Dec 31, 2022$267.2M7 Dec 31, 2021+58.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.1M7 Dec 31, 2022$2.1M7 Dec 31, 20210%
Finite-lived intangibles, gross$65.8M7 Dec 31, 2022$68.9M7 Dec 31, 2021−4.5%
Accumulated amortization$25.8M7 Dec 31, 2022$31.1M7 Dec 31, 2021−17.0%
Finite-lived intangibles, net$40.0M7 Dec 31, 2022$37.9M7 Dec 31, 2021+5.8%

The story

In 1955, Aaron & William Gershenson founded A & W Management Company.

In 1975, William Gershenson's four sons, Joel, Dennis, Richard, and Bruce Alan, along with Mike Ward, founded Ramco Gershenson, with each partner responsible for a different division of the Company.

In the late 1970s and early 1980s, the company developed 35 Kmart stores.

In 1996, the company merged with RPS Realty Trust and became a public company via a reverse merger, changing its name to Ramco-Gershenson Properties Trust.

In 2004, the company acquired 7 properties for $138.3 million.

The company changed its name to RAMCO in May 2018 and RPT Realty in October 2018.

On January 2, 2024, the company was acquired by Kimco Realty.

From Wikipedia’s article on RPT Realty, shared under CC BY-SA 4.0.6

Leadership

Who has led RPT Realty, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dennis Earl Gershenson2006–2018
  2. Brian Harper2018–2024

Chair

  1. Dennis Earl Gershenson2007–2009

President

  1. Dennis Earl Gershenson2006–2018
  2. Brian Harper2018–2024

Chief financial officer

  1. Gregory R. Andrews2011–2015
  2. Geoffrey Bedrosian2016–2018
  3. Michael Fitzmaurice2018–2024
197019801990200020102020
Board members and other officers (24)

Timeline

  1. Jan 3, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer44
  2. Dec 12, 20238-K Shareholder vote; Other events45
  3. Dec 1, 20238-K Other events46
  4. Nov 2, 20238-K Results of operations; Regulation FD disclosure47
  5. Aug 28, 20238-K Entered a material agreement; Bylaws or fiscal year changed; Other events48
  6. Aug 2, 20238-K Results of operations; Regulation FD disclosure49
  7. May 3, 20238-K Results of operations; Regulation FD disclosure50
  8. May 1, 20238-K Shareholder vote51
  9. Feb 15, 20238-K Results of operations; Regulation FD disclosure52
  10. Nov 2, 20228-K Results of operations; Regulation FD disclosure53
  11. Aug 23, 20228-K Entered a material agreement; New debt or obligation; Change to shareholders' rights54
  12. Aug 3, 20228-K Results of operations; Regulation FD disclosure55
  13. Jun 18, 2018New chief executive Brian Harper becomes CEO16
  14. Mar 2, 2006New chief executive Dennis Earl Gershenson becomes CEO17
  15. 1950Founded Founded1

Calendar

When it reported results

  1. Nov 2, 2023Reported quarterly or annual results47
  2. Aug 2, 2023Reported quarterly or annual results49
  3. May 3, 2023Reported quarterly or annual results50
  4. Feb 15, 2023Reported quarterly or annual results52
  5. Nov 2, 2022Reported quarterly or annual results53
  6. Aug 3, 2022Reported quarterly or annual results55
  7. May 4, 2022Reported quarterly or annual results56
  8. Nov 3, 2021Reported quarterly or annual results57

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

134 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 19 major events, 59 insider forms, 20 large holders, 27 other. The latest 20:

  1. Feb 14, 2024SC 13G/A EDGAR
  2. Feb 13, 2024SC 13G/A EDGAR
  3. Feb 13, 2024SC 13G/A SCHEDULE 13G/A EDGAR
  4. Jan 25, 2024SC 13G/A EDGAR
  5. Jan 12, 202415-12G EDGAR
  6. Jan 8, 2024SC 13G/A EDGAR
  7. Jan 4, 20244 EDGAR
  8. Jan 4, 20244 EDGAR
  9. Jan 4, 20244 EDGAR
  10. Jan 4, 20244 EDGAR
  11. Jan 4, 20244 EDGAR
  12. Jan 4, 20244 EDGAR
  13. Jan 4, 20244 EDGAR
  14. Jan 4, 20244 EDGAR
  15. Jan 4, 20244 EDGAR
  16. Jan 4, 20244 EDGAR
  17. Jan 4, 20244 EDGAR
  18. Jan 3, 2024POSASR EDGAR
  19. Jan 3, 2024S-8 POS EDGAR
  20. Jan 3, 2024S-8 POS EDGAR

The 134 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 51. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Magnetar Financial LLC1,639,033$23.6M0.2%No change
Wellington Management Group Llp1,059,359$15.3M0.0%No change
Rithm Capital Corp.766,143$11.0M13.6%+110,794
Vanguard Capital Management LLC312,221$4.5M0.0%+1,388
Fmr LLC212,723$3.1M0.0%+64
BlackRock, Inc.155,026$2.2M0.0%−238,200
Family Manage LLC150,485$2.2M0.2%−7,319
Geode Capital Management, LLC83,637$1.2M0.0%−103,565
Millennium Management LLC74,242$1.1M0.0%New
Renaissance Technologies LLC50,853$732.3K0.0%−9,164
Vanguard Fiduciary Trust Co47,922$690.1K0.0%+1,076
Susquehanna International Group, Llp45,895$660.9K0.0%+12,999
Aqr Capital Management LLC43,778$630.4K0.0%+32,140
Yakira Capital Management, Inc.41,391$596.0K0.2%No change
Goldman Sachs Group Inc39,417$567.6K0.0%−5,664
Citadel Advisors LLC36,582$526.8K0.0%New
Shay Capital LLC29,276$421.6K0.0%+377
State Street Corp27,088$390.1K0.0%−50,593
Morgan Stanley22,546$324.7K0.0%−3,943
Jane Street Group, LLC20,618$296.9K0.0%New
Royal Bank Of Canada19,302$278.0K0.0%+11,579
Northern Trust Corp17,704$254.9K0.0%−34,569
&partners16,309$234.8K0.0%+1,725
Qube Research & Technologies Ltd11,542$166.2K0.0%New
Hsbc Holdings PLC10,812$154.5K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 10, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+149.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How RPT Realty is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRPT Realty2
  • CIK0000842183
  • Employer ID (EIN)13-69084862
  • Filer statusLarge accelerated filer2
  • Incorporated inMaryland2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6798 Real Estate Investment Trusts2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address19 W 44Th Street, Suite 1002, New York, NY 100362
  • Phone21222112612
  • Shares outstanding86,763,520 as of Oct 28, 202314
  • Public float$823.2M as of Jun 30, 20227
  • On EDGAR sinceMay 13, 19942
  • Filings1,400 in all: 4 (556), 8-K (275), SC 13G/A (112), 10-Q (90), SC 13G (49), DEF 14A (30), UPLOAD (28), 424B5 (27)2
    All 53 form types

    10-K (25), 3 (25), DEFA14A (21), CORRESP (18), SC 13D/A (14), 425 (13), 8-K/A (9), ARS (8), S-8 (8), S-8 POS (7), 10-K/A (5), DFAN14A (5), S-3 (5), 10-K405 (4), 10-K405/A (4), 8-A12B (4), CERTNYS (4), S-3/A (4), S-3ASR (4), SC 13D (4), 10-Q/A (3), 25-NSE (3), 4/A (3), EFFECT (3), NT 10-K (3), 15-12B (2), 5 (2), DEFR14A (2), DEFS14A (2), FWP (2), NT 10-Q (2), PRE 14A (2), 10-12G/A (1), 15-12G (1), 3/A (1), 424B1 (1), 424B3 (1), DEFM14A (1), POS AM (1), POSASR (1), PREC14A (1), PREN14A (1), PRER14A (1), PRES14A (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Feb 16, 2023
    Quarterly report (10-Q) Nov 2, 2023
    Proxy statement (DEF 14A) Mar 16, 2023
    Latest 8-K (8-K) Jan 3, 2024

Sources

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    SEC EDGAROther events
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