Ramco-Gershenson (RPT) Tops Q3 EPS by 3c

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Go back to Ramco-Gershenson (RPT) Tops Q3 EPS by 3c

RPT Realty Reports Third Quarter 2019 Results; Raises Full Year 2019 Outlook

October 30, 2019 4:19 PM EDT

Net income attributable to common shareholders for the third quarter 2019 of $3.8 million, or $0.05 per diluted share, compared to $8.4 million, or $0.10 per diluted share for the same period in 2018. 

Raised the midpoint of 2019 guidance assumptions for Same property NOI growth by 25 basis points to 4.00% and operating FFO per share by $0.01 cents to $1.09 per share.
 Same property net operating income ("Same property NOI") increased 4.7% in the third quarter and 4.4% year-to-date compared to the same periods in 2018.
 Same property NOI growth in the third quarter 2019 was driven... More