RPT Realty Reports First Quarter 2021 Results; Raises Full Year 2021 Outlook
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RPT Realty (RPT) Tops Q1 EPS by 26c
May 5, 2021 5:10 PM EDTRPT Realty (NYSE: RPT) reported Q1 EPS of $0.19, $0.26 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $50.09 million versus the consensus estimate of $50.54 million.
"The first quarter of 2021 proved to be another milestone quarter for RPT," said Brian Harper, President and CEO. "Leasing volumes were up, rent spreads for new leases were 51% and our signed not commenced backlog is over $3 million. We also closed on our ground-breaking new net lease platform with GIC, Zimmer and Monarch. We are already under contract on our first property in... More
