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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Equity-to-Asset 0.38
RPT's Equity-to-Asset is ranked lower than
78% of the 705 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.53 vs. RPT: 0.38 )
Ranked among companies with meaningful Equity-to-Asset only.
RPT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24  Med: 0.39 Max: 0.98
Current: 0.38
0.24
0.98
Debt-to-Equity 1.41
RPT's Debt-to-Equity is ranked lower than
80% of the 654 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.79 vs. RPT: 1.41 )
Ranked among companies with meaningful Debt-to-Equity only.
RPT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03  Med: 1.41 Max: 2.67
Current: 1.41
0.03
2.67
Debt-to-EBITDA 6.82
RPT's Debt-to-EBITDA is ranked lower than
56% of the 639 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.13 vs. RPT: 6.82 )
Ranked among companies with meaningful Debt-to-EBITDA only.
RPT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.21  Med: 8.11 Max: 17.97
Current: 6.82
5.21
17.97
Interest Coverage 1.51
RPT's Interest Coverage is ranked lower than
84% of the 675 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.75 vs. RPT: 1.51 )
Ranked among companies with meaningful Interest Coverage only.
RPT' s Interest Coverage Range Over the Past 10 Years
Min: 0.14  Med: 1.09 Max: 1.65
Current: 1.51
0.14
1.65
Piotroski F-Score: 6
Altman Z-Score: 0.46
Beneish M-Score: -2.22
WACC vs ROIC
5.25%
3.31%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 24.98
RPT's Operating Margin % is ranked lower than
73% of the 709 Companies
in the Global REIT - Retail industry.

( Industry Median: 50.31 vs. RPT: 24.98 )
Ranked among companies with meaningful Operating Margin % only.
RPT' s Operating Margin % Range Over the Past 10 Years
Min: 3.91  Med: 24.14 Max: 33.42
Current: 24.98
3.91
33.42
Net Margin % 15.02
RPT's Net Margin % is ranked lower than
75% of the 710 Companies
in the Global REIT - Retail industry.

( Industry Median: 41.68 vs. RPT: 15.02 )
Ranked among companies with meaningful Net Margin % only.
RPT' s Net Margin % Range Over the Past 10 Years
Min: -23.39  Med: 8.82 Max: 25.86
Current: 15.02
-23.39
25.86
ROE % 3.77
RPT's ROE % is ranked lower than
72% of the 712 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.73 vs. RPT: 3.77 )
Ranked among companies with meaningful ROE % only.
RPT' s ROE % Range Over the Past 10 Years
Min: -7.52  Med: 2.43 Max: 10.19
Current: 3.77
-7.52
10.19
ROA % 1.87
RPT's ROA % is ranked lower than
71% of the 719 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.44 vs. RPT: 1.87 )
Ranked among companies with meaningful ROA % only.
RPT' s ROA % Range Over the Past 10 Years
Min: -2.55  Med: 1.07 Max: 3.19
Current: 1.87
-2.55
3.19
ROC (Joel Greenblatt) % 4.44
RPT's ROC (Joel Greenblatt) % is ranked lower than
70% of the 595 Companies
in the Global REIT - Retail industry.

( Industry Median: 13.53 vs. RPT: 4.44 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
RPT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.14  Med: 2.51 Max: 5.94
Current: 4.44
-0.14
5.94
3-Year Revenue Growth Rate 4.90
RPT's 3-Year Revenue Growth Rate is ranked higher than
61% of the 570 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.00 vs. RPT: 4.90 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
RPT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -28  Med: 0.1 Max: 65.3
Current: 4.9
-28
65.3
3-Year EBITDA Growth Rate 16.10
RPT's 3-Year EBITDA Growth Rate is ranked higher than
74% of the 524 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. RPT: 16.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
RPT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -7.8 Max: 74.1
Current: 16.1
0
74.1
3-Year EPS without NRI Growth Rate 304.10
RPT's 3-Year EPS without NRI Growth Rate is ranked higher than
100% of the 463 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.80 vs. RPT: 304.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
RPT' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -17 Max: 304.1
Current: 304.1
0
304.1
GuruFocus has detected 6 Warning Signs with Ramco-Gershenson Properties Trust RPT.
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» RPT's 30-Y Financials

Financials (Next Earnings Date: 2017-10-31)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2016

RPT Guru Trades in Q3 2016

Paul Tudor Jones 30,389 sh (+43.74%)
Chris Davis 948,941 sh (unchged)
NWQ Managers 3,853,167 sh (-6.63%)
Jim Simons 749,200 sh (-11.70%)
» More
Q4 2016

RPT Guru Trades in Q4 2016

Jim Simons 756,276 sh (+0.94%)
NWQ Managers 3,843,999 sh (-0.24%)
Paul Tudor Jones 26,957 sh (-11.29%)
Chris Davis 233,205 sh (-75.42%)
» More
Q1 2017

RPT Guru Trades in Q1 2017

NWQ Managers 4,058,122 sh (+5.57%)
Paul Tudor Jones 22,126 sh (-17.92%)
Chris Davis 175,360 sh (-24.80%)
Jim Simons 538,400 sh (-28.81%)
» More
Q2 2017

RPT Guru Trades in Q2 2017

Chris Davis 207,051 sh (+18.07%)
Paul Tudor Jones Sold Out
NWQ Managers 2,927,911 sh (-27.85%)
Jim Simons 305,200 sh (-43.31%)
» More
» Details

Insider Trades

Latest Guru Trades with RPT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
NWQ Managers 2017-06-30 Reduce -27.85%0.21%$12.07 - $14.52 $ 13.391%2,927,911
Chris Davis 2017-06-30 Add 18.07%$12.07 - $14.52 $ 13.391%207,051
NWQ Managers 2017-03-31 Add 5.57%0.04%$13.44 - $17.07 $ 13.39-14%4,058,122
Chris Davis 2017-03-31 Reduce -24.80%$13.44 - $17.07 $ 13.39-14%175,360
NWQ Managers 2016-12-31 Reduce -0.24%$16.18 - $18.44 $ 13.39-22%3,843,999
Chris Davis 2016-12-31 Reduce -75.42%0.06%$16.18 - $18.44 $ 13.39-22%233,205
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Preferred stocks of Ramco-Gershenson Properties Trust

SymbolPriceYieldDescription
RPTPRD54.416.667.25% Cum Conv Perp Pfd Shs of Benef Interest Series D

Business Description

Industry: REITs » REIT - Retail    NAICS: 531120    SIC: 6798
Compare:SGX:AU8U, TSX:CHP.UN, TSE:3453, SGX:AJBU, NYSE:GTY, IST:TRGYO, ASX:AVN, SGX:D5IU, JSE:IPF, SGX:P40U, NYSE:UBA, SGX:TS0U, XKLS:5212, XAMS:VASTN, XBRU:RET, ASX:CQR, NYSE:PEI, ASX:SCP, NYSE:BFS, XKLS:5180 » details
Traded in other countries:R4F.Germany,
Headquarter Location:USA
Ramco-Gershenson Properties Trust is a fully integrated, self-administered, publicly-traded equity real estate investment trust. Its primary business is the ownership and management of multi-anchored shopping centers in the United States.

Ramco-Gershenson Properties Trust is a self-managed real estate investment trust that invests in and manages retail properties. The company's property portfolio mainly consists of regional and urban shopping centres in metropolitan areas of the United States, and land available for development or sale. The company generates the majority of revenue from leasing properties to tenants, which include chain stores, supermarkets, homeware and furniture stores, and food retailers. In addition, Ramco-Gershenson Properties Trust derives revenue from managing, leasing, and redeveloping the shopping centres of its joint ventures.

Top Ranked Articles about Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust Closes New $350 Million Revolving Credit Facility
Ramco-Gershenson Properties Trust Announces Third Quarter 2017 Common and Preferred Share Dividends
Ramco-Gershenson Properties Set to Join S&P SmallCap 600
Ramco-gershenson Properties Trust Announces First Quarter 2017 Common and Preferred Share Dividends

FARMINGTON HILLS, Mich., March 07, 2017 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (:RPT) (the “Company”) today announced that its Board of Trustees declared a regular first quarter cash dividend of $0.22 per common share. The Board also approved a first quarter Series D convertible perpetual preferred share dividend of $0.90625 per share. The dividends, for the period January 1 through March 31, 2017, are payable on April 3, 2017 to shareholders of record on March 20, 2017.  
About Ramco-Gershenson Properties Trust Ramco-Gershenson Properties Trust (:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan.  The Company's primary business is the ownership and management of regional dominant and urban-oriented shopping centers in the 40 largest metropolitan markets in the United States.  At December 31, 2016, the Company owned interests in and managed a portfolio of 65 shopping centers and two joint venture properties. At December 31, 2016, the Company's consolidated portfolio was 94.4% leased.  Ramco-Gershenson is a fully-integrated qualified REIT that is self-administered and self-managed. For additional information about the Company please visit www.rgpt.com or follow Ramco-Gershenson on Twitter @RamcoGershenson and facebook.com/ramcogershenson/.
Company Contact:
Dawn L. Hendershot, Vice President of Investor Relations
and Corporate Communications
31500 Northwestern Highway, Suite 300
Farmington Hills, MI 48334
[email protected]
(248) 592-6202

Read more...
Ramco-Gershenson Properties Trust Reports Financial and Operating Results for the Fourth Quarter and Year-End 2016 and Provides Guidance for 2017
FARMINGTON HILLS, Mich., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE:NYSE:RPT) today announced its financial and operating results for the three and twelve months ended December 31, 2016.  The Company also provided guidance for 2017.
FOURTH QUARTER FINANCIAL AND OPERATING RESULTS:Net income attributable to common shareholders of $0.07 per diluted share, compared to $0.16 per diluted share for the same period in 2015.
Operating Funds from Operations (“Operating FFO”) of $0.33 per diluted share, compared to $0.34 per diluted share for the same period in 2015.
Total consolidated portfolio net operating income ("NOI") growth of 11.2%.
Generated same-center NOI growth with redevelopment of 1.1% for the three months ended December 31, 2016. Excluding the impact of Sports Authority, same property NOI growth with redevelopment for the quarter would have been 3.8%.
Signed 63 comparable leases encompassing 379,571 square feet at a positive releasing spread of 9.2%.
Acquired one in-fill, urban-oriented shopping center in the affluent Minneapolis sub-market of Edina, Minnesota for $32.0 million.
 2016 FULL-YEAR FINANCIAL AND OPERATING RESULTS:Net income attributable to common shareholders of $0.66 per diluted share, compared to $0.73 per diluted share for the same period in 2015.
Operating FFO of $1.36 per diluted share, compared to $1.34 per diluted share for the same period in 2015.
Total consolidated portfolio NOI growth of 8.3%.
Generated same-center NOI growth with redevelopment of 2.8% for the twelve months ended December 31, 2016.  Excluding the impact of Sports Authority, same property NOI growth with redevelopment for the year would have been 3.9%.
Signed 252 comparable leases encompassing 1,652,010 square feet at a positive releasing spread of 9.0%.
Disposed of $121.9 million of income producing properties at a blended capitalization rate of 7.6%.
Completed approximately $35.9 million in redevelopment projects at a stabilized return on cost of 9.3%.
Posted consolidated portfolio average base rent per square foot of $14.20, excluding land leases.
Generated consolidated portfolio leased occupancy at year-end of 94.4%, including anchor leased occupancy of 97.0% and small shop leased occupancy of 88.2%.
Increased annual dividend by 4.8%, to $0.86 per share.
SUBSEQUENT TRANSACTIONS:Acquired Providence Marketplace, an 830,000 square foot regional dominant shopping center in the rapidly growing eastern Nashville suburb of Mt. Juliet, Tennessee, for $114.7 million.
Acquired Webster Place, a 135,000 square foot in-fill, urban-oriented shopping center in the affluent Chicago neighborhood of Lincoln Park, Illinois, for $52.7 million.
Sold one Flint Township, Michigan shopping center totaling 152,073 square feet for $14.2 million.
Under contract to sell an Auburn Hills, Michigan shopping center totaling 90,553 square feet for $14.3 million.
“In 2016, the Company achieved a number of its stated objectives, including the continued enhancement of our shopping center portfolio, which contributed to solid financial and operating results,” said Dennis Gershenson, President and Chief Executive Officer. “We are enthusiastic about our prospects in 2017, as we initiate the roll-out of our value-creation strategy that we believe will contribute to stronger earnings and NAV growth that both envisions and benefits from a rapidly changing retail environment. Our plans for the year includes transforming 10% of our portfolio through buying and selling approximately $250 million of income producing properties, reducing our Michigan exposure to less than 20% and producing solid same-property NOI growth."FINANCIAL RESULTS:For the three months ended December 31, 2016:Net income available to common shareholders of $5.2 million, or $0.07 per diluted share, compared to $13.0 million, or $0.16 per diluted share for the same period in 2015.  
Funds from Operations (“FFO”) of $29.1 million, or $0.33 per diluted share, compared to $30.2 million, or $0.34 per diluted share for the same period in 2015. 
Operating FFO of $29.5 million, or $0.33 per diluted share, compared to $30.0 million or $0.34 per diluted share for the same period in 2015. 
For the twelve months ended December 31, 2016:Net income available to common shareholders of $53.0 million, or $0.66 per diluted share, compared to $57.8 million, or $0.73 per diluted share for the same period in 2015.  
FFO of $118.7 million, or $1.35 per diluted share, compared to $119.6 million, or $1.36 per diluted share for the same period in 2015.  
Operating FFO of $119.4 million, or $1.36 per diluted share, compared to $117.8 million, or $1.34 per diluted share for the same period in 2015.
YEAR-END BALANCE SHEET METRICS:Net debt to EBITDA of 6.3X, interest coverage of 3.9X, and fixed charge coverage of 3.2X.
Weighted average term of debt to maturity of 7.0 years.
INVESTMENT ACTIVITY:AcquisitionsIn the fourth quarter, the Company acquired Centennial Shops, an 85,000 square foot urban-oriented shopping center in the first-ring, affluent Minneapolis suburb of Edina, Minnesota, for $32.0 million. Centennial Shops is strategically positioned as a premier entertainment and specialty center anchored by The Container Store, West Elm and Pinstripes, each of which operates its only Minneapolis location at the property.  The center is 100% occupied and benefits from solid in-place tenancies, its infill location in a high income trade area, and presents the opportunity to produce strong internal growth through mark-to-market of existing leases.Subsequent to year-end, the Company acquired two high-quality shopping centers for $167.4 million. The shopping centers acquired are:Providence Marketplace, an 830,000 square foot regional dominant shopping center, located in Mt. Juliet, a rapidly growing eastern suburb of Nashville, Tennessee, was acquired for $114.7 million.  Located 15 miles east of Nashville, the center is strategically located off the I-40 interchange and benefits from a slip ramp that directs traffic off of the highway into the property.  Providence Marketplace features a best-in-market grocery, value and entertainment retail line-up including Target (shadow), Kroger (shadow), T.J. Maxx/Home Goods, Dick’s Sporting Goods, Ross Dress for Less and Regal Cinema as well as 127,000 square feet of restaurants, service uses and specialty retailers. Providence Marketplace is the Company’s first shopping center in the Nashville metropolitan area reflecting a major component of the Company’s long-term strategy of investing in regional dominant centers in large trade areas that are part of high-growth markets.  The trade area for Providence is projected to grow 12.0% over the next five years.  The Nashville MSA is expected to grow 9.5%.  The substantial growth in the area is being driven primarily by Nashville’s expanding music, healthcare and education industries.  The Company believes this growth will provide the catalyst to expand and densify the shopping center. Providence Marketplace is 98% leased. 

Webster Place, a 135,000 in-fill, urban-oriented shopping center, located in Lincoln Park, an affluent neighborhood of Chicago, Illinois was acquired for $52.7 million.  The center is located along the highly-desirable Clybourn Corridor, the primary retail corridor in Lincoln Park, at the southwest corner of Clybourn and Webster Avenues. Webster Place’s entertainment driven tenant line-up, featuring an 11-screen Regal Cinema, Webster Place Athletic Club, Barnes and Noble and 23,000 square feet of small shop space, caters to an exceptionally dense three-mile trade area of 524,000 people with an average household income of $104,000.  As a result of tight barriers to entry in the market, the center is poised to benefit from small shop occupancy gains and mark-to-market of leases as well as from a 40 acre mixed-use development adjacent to the center that is currently under construction.  Webster Place is 95% leased.
DispositionsDuring 2016, the Company disposed of $121.9 million of income producing properties.Subsequent to year-end, the Company sold one Michigan shopping center for $14.2 million and agreed to sell a second Michigan shopping center for $14.3 million. The shopping centers are:Oakbrook Square, Flint Township, Michigan (100% ownership), a 152,073 square foot shopping center anchored by T.J. Maxx and Hobby Lobby with average base rent per square foot of $9.57.
The Auburn Mile, Auburn Hills, Michigan (100% ownership), a 90,553 square foot shopping center anchored by Best Buy and JoAnn Fabrics with average base rent per square foot of $11.59.
RedevelopmentIn 2016, the Company completed approximately $35.9 million of value-add redevelopments at a weighted average stabilized return on cost of 9.3%.During the quarter, the Company commenced two new redevelopment projects totaling $21.8 million.  The projects are:Troy Marketplace, Troy, Michigan - Adding 28,000 square feet of new GLA by acquiring additional outparcel land and expanding the existing shopping center.  Troy Marketplace is 100% leased and is anchored by Nordstrom Rack, REI and LA Fitness.  The total cost of the project is expected to be $10.1 million. 

Woodbury Lakes, Woodbury, Minnesota - Adding a 44,000 square foot best-in-class dine-in, movie theater complex at a total estimated cost of $11.7 million.  The addition of the theater is the first phase of a multi-phase strategic redevelopment at the property. 
At December 31, 2016, the Company's redevelopment pipeline consisted of ten projects with an estimated total cost of $69.6 million, which are expected to stabilize over the next two years at an average return on cost between 9% - 10%.FINANCING ACTIVITY:In November, the Company closed on the sale of $75.0 million of senior unsecured notes in a private placement with two high-quality institutional investors. The financing proceeds, as well as proceeds from recent asset sales, were used to pay off debt maturities through 2017.At year-end, the Company had $859.1 million of unsecured debt at an average interest rate of 3.60% and $160.7 million in mortgage debt at an average interest rate of 5.28%.  The weighted average term for all debt was 7.0 years at an overall average interest rate of 3.95% and the unencumbered asset pool was approximately $2.1 billion.DIVIDEND:In the fourth quarter, the Company declared a regular cash dividend of $0.22 per common share for the period October 1, 2016 through December 31, 2016 and a Series D convertible perpetual preferred share dividend of $0.90625 per share for the same period.  The dividends were paid on January 3, 2017 to shareholders of record as of December 20, 2016.  During the year, the Company declared dividends of $0.86 per common share.  The Operating FFO payout ratio for the full year was 63.2%.2017 GUIDANCE:The Company is introducing guidance for 2017 FFO and Operating FFO per diluted share, as well as certain other key measures:Same Property NOI growth including redevelopment of 2.5% to 3.5%.
Same Property NOI growth excluding redevelopment of 0.5% to 1.5%.
Non-cash adjustments (straight-line, other) of $6.2 million to $6.6 million.
General and Administrative expenses of $22.5 million to $23.5 million.
Interest Expense of approximately $43.0 million.
Investment Activity:
- $250 million of acquisitions at an average capitalization rate of 5.75% - 6.25%.
- $250 million of dispositions at an average capitalization rate of 7.75% - 8.75%.               Low High 2016 FFO and OFFO per common share-diluted $1.36  $1.36  Same Property NOI growth, excluding the impact of development  0.01   0.02  Growth from development  0.03   0.04  Total Same Property NOI $0.04  $0.06        Non-cash adjustments (straight-line adjustments) $0.01  $0.01  General and Administrative expenses  (0.02)  (0.01) Interest Expense  0.02   0.02  Impact of 2016 transaction NOI  (0.05)  (0.05) Impact of 2017 transaction NOI  (0.02)  (0.01) 2017 OFFO per common share-diluted $1.34  $1.38           The Company's 2017 guidance excludes any unforeseen one-time items including provisions for impairment, transactions costs, gain or loss on extinguishment of debt and other items.CONFERENCE CALL/WEBCAST:Ramco-Gershenson Properties Trust will host a live broadcast of its fourth quarter conference call on Wednesday, February 22, 2017 at 9:00 a.m. eastern time, to discuss its financial and operating results as well as its 2017 guidance.  The live broadcast will be available on-line at www.rgpt.com and www.investorcalendar.com and also by telephone at (877) 407-9205, no pass code needed.  A replay will be available shortly after the call on the aforementioned websites (for ninety days) or by telephone at (877) 481-4010, (Conference ID: 13652439), for one week.SUPPLEMENTAL MATERIALS:The Company’s quarterly financial and operating supplement is available on its corporate web site at www.rgpt.com.  If you wish to receive a copy via email, please send requests to [email protected]. ABOUT RAMCO-GERSHENSON PROPERTIES TRUST:Ramco-Gershenson Properties Trust (NYSE:NYSE:RPT) is a premier, national publicly-traded shopping center real estate investment trust (REIT) based in Farmington Hills, Michigan.  The Company's primary business is the ownership and management of regional dominant and urban-oriented shopping centers in the 40 largest metropolitan markets in the United States.  At December 31, 2016, the Company owned interests in and managed a portfolio of 65 shopping centers and two joint venture properties. At December 31, 2016, the Company's consolidated portfolio was 94.4% leased.  Ramco-Gershenson is a fully-integrated qualified REIT that is self-administered and self-managed. For additional information about the Company please visit www.rgpt.com or follow Ramco-Gershenson on Twitter @RamcoGershenson and facebook.com/ramcogershenson/.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 ability to qualify as a REIT and other factors discussed in the Company’s reports filed with the Securities and Exchange Commission.
Company Contact:
Dawn L. Hendershot, Vice President of Investor Relations
and Corporate Communications
31500 Northwestern Highway, Suite 300
Farmington Hills, MI 48334
[email protected]
(248) 592-6202

Read more...
Ramco-Gershenson Properties Trust Announces 2016 Year End Tax Reporting Information

FARMINGTON HILLS, Mich., Jan. 26, 2017 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE:NYSE:RPT) (the “Company”) announced today that 2016 distributions on the Company’s common shares of beneficial interest represent 79.4842% total ordinary dividends and 20.5158% capital gain dividends.  The distributions on the common shares for 2016 were based upon a quarterly rate of $0.2100 per share for the first and second quarters and $0.2200 for the third and fourth quarters, resulting in an annual distribution of $0.8600 per share. The fourth quarter distribution is treated as paid in two tax years for income tax purposes, $0.159818 is treated as paid on December 31, 2016 and $0.060182 is treated as paid on January 3, 2017.
Ramco-Gershenson also announced that 2016 distributions on the Company’s 7.25% Series D convertible perpetual preferred shares of beneficial interest (NYSE:RPT.PD) represent 79.4842% total ordinary dividends and 20.5158% capital gain dividends. The distributions on the Series D preferred shares for 2016 were based upon quarterly distributions of $0.90625 per share, resulting in an annual distribution of $3.625 per share.
                                                                               
REPORTING INFORMATION (FORM 1099) – DISTRIBUTIONS The income tax treatment for 2016 distributions for Ramco-Gershenson Properties Trust common shares of beneficial interest, CUSIP No. 751452202*, traded on the New York Stock Exchange under ticker symbol RPT, is as follows (as reported on Form 1099-DIV): *Also applies to CUSIP #751452103 Declaration
Date Record
Date Payable
Date Gross
Distribution
per Share
 Total
Ordinary
Dividend -
Box 1a
 Qualified
Dividends -
Box 1b
(Included in
Total
Ordinary
Dividend)
 Total
Capital
Gain
Distribution
- Box 2a
 Unrecaptured
Section 1250
Gain - Box 2b
(Included in
Total Capital
Gain
Distribution)
 Nondividend
Distributions
- Box 3
3/3/2016 3/21/2016 4/1/2016 $0.210000 $0.166917 $0.000000 $0.043083 $0.030328 $0.0000005/16/2016 6/20/2016 7/1/2016 $0.210000 $0.166917 $0.000000 $0.043083 $0.030328 $0.0000009/6/2016 9/20/2016 10/3/2016 $0.220000 $0.174865 $0.000000 $0.045135 $0.031773 $0.00000012/05/2016 12/20/2016 1/3/2017 $0.159818 $0.127030 $0.000000 $0.032788 $0.023081 $0.000000    Total $0.799818 $0. 635729 $0.000000 $0.164089 $0.115510 $0.000000 The income tax treatment for 2016 distributions for Ramco-Gershenson Properties Trust 7.25% Series D preferred shares of beneficial interest, CUSIP No. 751452608, traded on the New York Stock Exchange under ticker symbol RPT.PD, is as follows (as reported on Form 1099-DIV): Declaration
Date Record
Date Payable
DateGross
Distribution
per Share
 Total
Ordinary
Dividend -
Box 1a
 Qualified
Dividends -
Box 1b
(Included in
Total
Ordinary
Dividend)
 Total
Capital
Gain
Distribution
- Box 2a
 Unrecaptured
Section 1250
Gain - Box 2b
(Included in
Total Capital
Gain
Distribution)
 Nondividend
Distributions
- Box 3
3/3/2016 3/21/2016 4/1/2016$ 0.906250 $0.720326 $0.000000 $0.185924 $0.130881 $0.0000005/16/2016 6/20/2016 7/1/2016$ 0.906250 $0.720326 $0.000000 $0.185924 $0.130881 $0.0000009/6/2016 9/20/2016 10/3/2016$ 0.906250 $0.720326 $0.000000 $0.185924 $0.130881 $0.00000012/05/2016 12/20/2016 1/3/2017$ 0.906250 $0.720326 $0.000000 $0.185924 $0.130881 $0.000000    Total$ 3.625000 $2.881304 $0.000000 $0.743696 $0.523524 $0.000000 THIS INFORMATION REPRESENTS FINAL INCOME ALLOCATIONS. About Ramco-Gershenson Properties Trust Ramco-Gershenson Properties Trust (NYSE:NYSE:RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan.  The Company's primary business is the ownership and management of large, multi-anchored shopping centers primarily in a number of the largest metropolitan markets in the central United States.  At September 30, 2016, the Company owned interests in and managed a portfolio of 66 shopping centers with approximately 14.8 million square feet of gross leasable area.  At September 30, 2016, the Company's consolidated operating portfolio was 94.2% leased.  Additional information regarding the Company is available at www.rgpt.com or follow Ramco-Gershenson on Twitter @RamcoGershenson and facebook.com/ramcogershenson/. 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 ability to qualify as a REIT and other factors discussed in the Company’s reports filed with the Securities and Exchange Commission.
Company Contact:
Dawn L. Hendershot, Vice President of Investor Relations
and Corporate Communications
31500 Northwestern Highway, Suite 300
Farmington Hills, MI 48334
[email protected]
(248) 592-6202

Read more...

Ratios

vs
industry
vs
history
PE Ratio 33.48
RPT's PE Ratio is ranked lower than
80% of the 628 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.50 vs. RPT: 33.48 )
Ranked among companies with meaningful PE Ratio only.
RPT' s PE Ratio Range Over the Past 10 Years
Min: 2.8  Med: 22.63 Max: 1660
Current: 33.48
2.8
1660
Forward PE Ratio 49.75
RPT's Forward PE Ratio is ranked lower than
87% of the 213 Companies
in the Global REIT - Retail industry.

( Industry Median: 17.89 vs. RPT: 49.75 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 33.48
RPT's PE Ratio without NRI is ranked lower than
80% of the 624 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.78 vs. RPT: 33.48 )
Ranked among companies with meaningful PE Ratio without NRI only.
RPT' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.78  Med: 23.67 Max: 1670
Current: 33.48
2.78
1670
PB Ratio 1.38
RPT's PB Ratio is ranked lower than
69% of the 703 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.09 vs. RPT: 1.38 )
Ranked among companies with meaningful PB Ratio only.
RPT' s PB Ratio Range Over the Past 10 Years
Min: 0.24  Med: 1.49 Max: 2.6
Current: 1.38
0.24
2.6
PS Ratio 4.05
RPT's PS Ratio is ranked higher than
81% of the 667 Companies
in the Global REIT - Retail industry.

( Industry Median: 7.53 vs. RPT: 4.05 )
Ranked among companies with meaningful PS Ratio only.
RPT' s PS Ratio Range Over the Past 10 Years
Min: 0.48  Med: 4.22 Max: 6.59
Current: 4.05
0.48
6.59
Price-to-Operating-Cash-Flow 9.21
RPT's Price-to-Operating-Cash-Flow is ranked higher than
84% of the 586 Companies
in the Global REIT - Retail industry.

( Industry Median: 14.74 vs. RPT: 9.21 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
RPT' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.2  Med: 10.27 Max: 14.44
Current: 9.21
1.2
14.44
EV-to-EBIT 28.08
RPT's EV-to-EBIT is ranked lower than
65% of the 658 Companies
in the Global REIT - Retail industry.

( Industry Median: 19.94 vs. RPT: 28.08 )
Ranked among companies with meaningful EV-to-EBIT only.
RPT' s EV-to-EBIT Range Over the Past 10 Years
Min: -17545.6  Med: 43.65 Max: 9014.5
Current: 28.08
-17545.6
9014.5
EV-to-EBITDA 13.51
RPT's EV-to-EBITDA is ranked higher than
67% of the 675 Companies
in the Global REIT - Retail industry.

( Industry Median: 16.55 vs. RPT: 13.51 )
Ranked among companies with meaningful EV-to-EBITDA only.
RPT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 11.6  Med: 18.9 Max: 33.8
Current: 13.51
11.6
33.8
EV-to-Revenue 9.01
RPT's EV-to-Revenue is ranked higher than
77% of the 704 Companies
in the Global REIT - Retail industry.

( Industry Median: 12.66 vs. RPT: 9.01 )
Ranked among companies with meaningful EV-to-Revenue only.
RPT' s EV-to-Revenue Range Over the Past 10 Years
Min: 5.2  Med: 9.5 Max: 13.3
Current: 9.01
5.2
13.3
PEG Ratio 1.77
RPT's PEG Ratio is ranked higher than
56% of the 238 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.12 vs. RPT: 1.77 )
Ranked among companies with meaningful PEG Ratio only.
RPT' s PEG Ratio Range Over the Past 10 Years
Min: 0.21  Med: 1.18 Max: 142.3
Current: 1.77
0.21
142.3
Shiller PE Ratio 57.55
RPT's Shiller PE Ratio is ranked lower than
83% of the 213 Companies
in the Global REIT - Retail industry.

( Industry Median: 24.65 vs. RPT: 57.55 )
Ranked among companies with meaningful Shiller PE Ratio only.
RPT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.8  Med: 21.94 Max: 61.35
Current: 57.55
2.8
61.35
Current Ratio 0.85
RPT's Current Ratio is ranked lower than
54% of the 671 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.98 vs. RPT: 0.85 )
Ranked among companies with meaningful Current Ratio only.
RPT' s Current Ratio Range Over the Past 10 Years
Min: 0.23  Med: 0.78 Max: 2.9
Current: 0.85
0.23
2.9
Quick Ratio 0.85
RPT's Quick Ratio is ranked lower than
51% of the 671 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.87 vs. RPT: 0.85 )
Ranked among companies with meaningful Quick Ratio only.
RPT' s Quick Ratio Range Over the Past 10 Years
Min: 0.23  Med: 0.78 Max: 2.9
Current: 0.85
0.23
2.9
Days Sales Outstanding 35.81
RPT's Days Sales Outstanding is ranked lower than
65% of the 495 Companies
in the Global REIT - Retail industry.

( Industry Median: 18.92 vs. RPT: 35.81 )
Ranked among companies with meaningful Days Sales Outstanding only.
RPT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.05  Med: 34.52 Max: 92.23
Current: 35.81
20.05
92.23

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 6.57
RPT's Dividend Yield % is ranked higher than
79% of the 944 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.32 vs. RPT: 6.57 )
Ranked among companies with meaningful Dividend Yield % only.
RPT' s Dividend Yield % Range Over the Past 10 Years
Min: 3.77  Med: 5.23 Max: 49.78
Current: 6.57
3.77
49.78
Dividend Payout Ratio 2.15
RPT's Dividend Payout Ratio is ranked lower than
89% of the 767 Companies
in the Global REIT - Retail industry.

( Industry Median: 9999.00 vs. RPT: 2.15 )
Ranked among companies with meaningful Dividend Payout Ratio only.
RPT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.97  Med: 1.29 Max: 71.2
Current: 2.15
0.97
71.2
3-Year Dividend Growth Rate 6.50
RPT's 3-Year Dividend Growth Rate is ranked higher than
64% of the 440 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.30 vs. RPT: 6.50 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
RPT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 20.5
Current: 6.5
0
20.5
Forward Dividend Yield % 6.55
RPT's Forward Dividend Yield % is ranked higher than
70% of the 942 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.50 vs. RPT: 6.55 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 8.92
RPT's 5-Year Yield-on-Cost % is ranked higher than
84% of the 944 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.78 vs. RPT: 8.92 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
RPT' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 5.12  Med: 7.1 Max: 67.56
Current: 8.92
5.12
67.56
3-Year Average Share Buyback Ratio -5.90
RPT's 3-Year Average Share Buyback Ratio is ranked higher than
50% of the 507 Companies
in the Global REIT - Retail industry.

( Industry Median: -5.70 vs. RPT: -5.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
RPT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -33.4  Med: -3.3 Max: 1.2
Current: -5.9
-33.4
1.2

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.55
RPT's Price-to-Tangible-Book is ranked lower than
72% of the 696 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.12 vs. RPT: 1.55 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
RPT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.42  Med: 1.09 Max: 2.44
Current: 1.55
0.42
2.44
Price-to-Median-PS-Value 0.96
RPT's Price-to-Median-PS-Value is ranked higher than
70% of the 526 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.05 vs. RPT: 0.96 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
RPT' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.2  Med: 0.94 Max: 1.85
Current: 0.96
0.2
1.85
Price-to-Peter-Lynch-Fair-Value 1.91
RPT's Price-to-Peter-Lynch-Fair-Value is ranked lower than
55% of the 122 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.40 vs. RPT: 1.91 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
RPT' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.37  Med: 1.17 Max: 136
Current: 1.91
0.37
136
Price-to-Graham-Number 1.52
RPT's Price-to-Graham-Number is ranked lower than
77% of the 564 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.88 vs. RPT: 1.52 )
Ranked among companies with meaningful Price-to-Graham-Number only.
RPT' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.3  Med: 1.03 Max: 10.49
Current: 1.52
0.3
10.49
Earnings Yield (Greenblatt) % 3.56
RPT's Earnings Yield (Greenblatt) % is ranked lower than
59% of the 723 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.58 vs. RPT: 3.56 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
RPT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -0.1  Med: 2.2 Max: 5
Current: 3.56
-0.1
5
Forward Rate of Return (Yacktman) % 0.16
RPT's Forward Rate of Return (Yacktman) % is ranked lower than
58% of the 395 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.35 vs. RPT: 0.16 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
RPT' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -42.5  Med: -4.3 Max: 35.4
Current: 0.16
-42.5
35.4

More Statistics

Revenue (TTM) (Mil) $263.42
EPS (TTM) $ 0.40
Beta0.68
Short Percentage of Float6.62%
52-Week Range $11.86 - 17.89
Shares Outstanding (Mil)79.36

Analyst Estimate

Dec17 Dec18
Revenue (Mil $)
EPS ($) 0.25 0.27
EPS without NRI ($) 0.25 0.27
EPS Growth Rate
(Future 3Y To 5Y Estimate)
5.00%
Dividends per Share ($) 0.88 0.88

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAY
Positive CFROAY
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyY
Less Shares Outstanding yoyY
Higher Gross Margin yoyY
Higher Asset Turnover yoyN

Personalized Checklist

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