Ramco-Gershenson (RPT) Reports In-Line Q4 FFO
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Ramco-Gershenson Properties Trust Reports Financial and Operating Results for the Fourth Quarter and Year-End 2015 and Provides Guidance for 2016
February 23, 2016 5:39 PM ESTFARMINGTON HILLS, Mich., Feb. 23, 2016 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE: RPT) today announced its financial and operating results for the three and twelve months ended December 31, 2015. The Company also provided guidance for 2016.
FULL YEAR 2015 FINANCIAL AND OPERATING HIGHLIGHTS:
Reported Operating Funds from Operations (Operating FFO) of $1.39 per diluted share, compared to $1.27 for the comparable period in 2014.Generated same-center net operating income (NOI) growth of 3.9%, excluding redevelopments same-center NOI growth was 2.3%.Signed 286 leases encompassing 1,795,051 square feet at comparable rental growth of... More