Ramco-Gershenson (RPT) Tops Q1 FFO by 3c

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Ramco-Gershenson Properties Trust Reports Financial and Operating Results for the First Quarter 2015

April 21, 2015 4:08 PM EDT

FARMINGTON HILLS, Mich., April 21, 2015 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE: RPT) today announced its financial and operating results for the three months ended March 31, 2015.

FIRST QUARTER 2015 HIGHLIGHTS:

Reported Operating Funds from Operations ("Operating FFO") of $0.36 per diluted share, compared to $0.30 for the comparable period in 2014. Recorded a gain on sale of $3.2 million, or $0.04 per diluted share, for the sale of land at Gaines Marketplace in Gaines Township, Michigan. Commenced two new redevelopment projects including the planned addition of Nordstrom Rack at West Oaks in Novi,... More