Ramco-Gershenson (RPT) Reports In-Line Q1 FFO
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Ramco-Gershenson Properties Trust Reports Financial and Operating Results for the First Quarter 2016
May 3, 2016 4:18 PM EDTFARMINGTON HILLS, Mich., May 03, 2016 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE: RPT) today announced its financial and operating results for the three months ended March 31, 2016.
FIRST QUARTER 2016 HIGHLIGHTS:
Operating Funds from Operations (Operating FFO) of $0.34 per diluted share, an increase of 6.0% over the prior year.Sold Troy Towne Center in Troy, Ohio for $12.4 million.Extended existing $60 million term loan at a favorable interest rate of 3.49% to 2023.Ended the quarter with a consolidated portfolio leased occupancy of 94.9%.... More