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home / news releases / RPT - RPT Realty: A 60% Distribution Hike And A Safe 6.4% Preferred Issue

RPT - RPT Realty: A 60% Distribution Hike And A Safe 6.4% Preferred Issue

RPT Realty
  • RPT Realty hikes the full-year guidance and boosts its dividend.
  • I expect RPT Realty to generate in excess of $1/share in FFO from next year on.
  • I like the preferred share issue very much with a strong asset coverage ratio and a dividend coverage ratio of almost 1,200%.
  • The preferred shares cannot be called, and will only be forced to convert at a 50% higher share price of the common units.

For further details see:

RPT Realty: A 60% Distribution Hike And A Safe 6.4% Preferred Issue
Stock Information
Company Name: RPT Realty
Stock Symbol: RPT
Market: NYSE
Website: rptrealty.com
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