Ramco-Gershenson (RPT) Reports Q4 FFO of $0.33

Ramco-Gershenson (NYSE: RPT) reported Q4 FFO of $0.33, versus $0.34 reported last year.

• 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.

For earnings history and earnings-related data on Ramco-Gershenson (RPT) click here.

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