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RPT Realty (RPT Realty) Property, Plant and Equipment : $16.8 Mil (As of Sep. 2023)


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What is RPT Realty Property, Plant and Equipment?

RPT Realty's quarterly net PPE declined from Mar. 2023 ($17.1 Mil) to Jun. 2023 ($16.9 Mil) and declined from Jun. 2023 ($16.9 Mil) to Sep. 2023 ($16.8 Mil).

RPT Realty's annual net PPE declined from Dec. 2020 ($18.6 Mil) to Dec. 2021 ($17.9 Mil) and declined from Dec. 2021 ($17.9 Mil) to Dec. 2022 ($17.3 Mil).


RPT Realty Property, Plant and Equipment Historical Data

The historical data trend for RPT Realty's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RPT Realty Property, Plant and Equipment Chart

RPT Realty Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 19.22 18.59 17.93 17.27

RPT Realty Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.44 17.27 17.10 16.93 16.76

RPT Realty Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


RPT Realty  (NYSE:RPT) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


RPT Realty Property, Plant and Equipment Related Terms

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RPT Realty (RPT Realty) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » RPT Realty (NYSE:RPT) » Definitions » Property, Plant and Equipment
Traded in Other Exchanges
N/A
Address
19 West 44th Street, Suite 1002, New York, NY, USA, 10036
RPT Realty is a self-managed real estate investment trust that invests in and manages retail properties. The company owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company's property portfolio consisted of 44 wholly-owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, 48 retail properties owned through its net lease joint venture and one net lease retail property that was held for sale by the Company which together represent 15.0 million square feet of gross leasable area.
Executives
Raymond J. Merk officer: Chief Accounting Officer C/O RPT REALTY, 31500 NORTHWESTERN HIGHWAY, SUITE 300, FARMINGTON HILLS MI 48334
Heather Ohlberg officer: EXECUTIVE VICE PRESIDENT 19 W 44TH STREET, SUITE 1002, NEW YORK NY 10036
Michael Fitzmaurice officer: EVP and CFO C/O RAMCO GERSHENSON PROPERTIES TRUST, 31500 NORTHWESTERN HIGHWAY SUITE 300, FARMINGTON HILLS MI 48334
Timothy Collier officer: Executive VP-Leasing C/O RAMCO GERSHENSON PROPERTIES TRUST, 31500 NORTHWESTERN HIGHWAY, SUITE 300, FARMINGTON HILLS MI 48334
Laurie M Shahon director
Joanna T Lau director 30 MONUMENT SQUARE, SUITE 220, CONCORD MA 01742
Andrea Weiss director 23 RAMRAPO COURT WEST, GLENROCK NJ 07452
Arthur H Goldberg director 25 TIDEWAY, KIGS POINT NY 11024
David J Nettina director 1725 THE FAIRWAY, JENKINTOWN PA 19046
Richard L Federico director
Brian Harper director, officer: CEO and President C/O RAMCO GERSHENSON PROPERTIES TRUST, 31500 NORTHWESTERN HIGHWAY, SUITE 300, FARMINGTON HILLS MI 48334
Joel M Pashcow director 21 FIR DRIVE, GREAT NECK NY 11024
Dynavox Inc. officer: Principal Financial Officer 2100 WHARTON STREET, SUITE 400, PITTSBURGH PA 15203
Dawn Hendershot officer: Senior Vice President C/O RAMCO GERSHENSON PROPERTIES TRUST, 31500 NORTHWESTERN HIGHWAY, SUITE 300, FARMINGTON HILLS MI 48334
Dennis Earl Gershenson director, officer: President and CEO 31500 NORTHWESTERN HWY, SUITE 300, FARMINGTON HILLS MI 48334