Retail Properties of America (RPAI) Reports In-Line Q3 EPS

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Go back to Retail Properties of America (RPAI) Reports In-Line Q3 EPS

Retail Properties of America, Inc. Reports Third Quarter And Year To Date 2020 Results

November 2, 2020 4:15 PM EST

OAK BROOK, Ill., Nov. 2, 2020 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today reported financial and operating results for the quarter and nine months ended September 30, 2020.

FINANCIAL RESULTSFor the quarter ended September 30, 2020, the Company reported:

Cash collections as of October 26, 2020 of 84.2% of billed third quarter base rent, up from 73.6% of billed second quarter base rent; Net loss attributable to common shareholders of $(2.3) million, or $(0.01) per diluted share, compared to $(28.2) million, or $(0.13) per diluted share, for the same period in 2019; Funds from... More