Ramco-Gershenson (RPT) Tops Q3 FFO by 5c

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

October 27, 2015 4:28 PM EDT

FARMINGTON HILLS, Mich., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE: RPT) today announced its financial and operating results for the three and nine months ended September 30, 2015.

THIRD QUARTER 2015 HIGHLIGHTS:

Reported Operating Funds from Operations (Operating FFO) of $0.37 per diluted share, excluding one-time items, reported Operating FFO of $0.33 per diluted share.Sold or agreed to sell interests in three non-core shopping centers for $41.7 million.Closed $100 million in unsecured private placement debt.Ended the quarter with a consolidated portfolio... More