Private company

RPT Realty

Logo: RPT Realty, CC BY-SA 4.0, via Wikimedia Commons5

Defunct real estate investment trust

RPT Realty is a real estate investment trust that owns and operates open-air shopping centers. As of December 31, 2022, the company owns 44 wholly owned shopping centers, 13 shopping centers owned through its grocery anchored joint venture, and 48 retail properties owned through its net lease joint venture comprising 15 million square feet.3 From Wikipedia, CC BY-SA 4.0

Last updated Oct 19, 2026.

Overview

1950Founded1
  • Tickeron NYSE1
  • Industryreal estate investment trust1
  • HeadquartersNew York City1
  • Websitewww.rptrealty.com
  • Listed onNew York Stock Exchange (RPT)1
  • Legal formStock Corporation4
  • LEI549300T03GDH1L37S1884
  • StatusInactive4
  • LEI statusRetired4
  • Registered addressC/O THE CORPORATION TRUST, INCORPORATED, 21093-2252 Lutherville Timonium, United States4
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D047974114

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RPT Realty is a real estate investment trust that owns and operates open-air shopping centers. As of December 31, 2022, the company owns 44 wholly owned shopping centers, 13 shopping centers owned through its grocery anchored joint venture, and 48 retail properties owned through its net lease joint venture comprising 15 million square feet. In 2024, the company was acquired by Kimco Realty. The company was formerly known as RAMCO Properties Trust and Ramco-Gershenson Properties Trust.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

165.5%Net margin7
225.0%Revenue growth, 20248
-37.2%Return on equity7

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Income tax100¢$145.0K

Out of -$55.5M in revenue.87 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Kept or used elsewhere100¢$290.0K

Out of $290.0K of cash from operations.7

Financial statements

Revenue9108-$55.5M in 2024
-$100.0M0$100.0M$200.0M$300.0M2019: $234.1M$234.1M20192020: $191.7M$191.7M2020−18%2021: $213.5M$213.5M2021+11%2022: $217.7M$217.7M2022+2%2023: -$17.1M-$17.1M20232024: -$55.5M-$55.5M2024+225%
Operating income910$118.8M in 2022−13% since 2019
0$50.0M$100.0M$150.0M2019: $135.9M$135.9M20192020: $27.0M$27.0M2020−80%2021: $111.7M$111.7M2021+314%2022: $118.8M$118.8M2022+6%
Net income91087-$91.8M in 2024
-$100.0M-$50.0M0$50.0M$100.0M2019: $91.5M$91.5M20192020: -$10.2M-$10.2M20202021: $68.6M$68.6M20212022: $84.0M$84.0M2022+22%2023: -$47.1M-$47.1M20232024: -$91.8M-$91.8M2024+95%

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
Interest income$52.8M$52.9M
Interest expense-$37.4M-$43.6M
Net interest income (expense)$15.4M$9.3M
Related party loan servicing fee$2.0M$4.2M
Related party management fee$6.3M$23.3M
Professional fees$3.6M$3.4M
General and administrative$4.2M$9.0M
Total expense$16.0M$39.9M
Net change in the allowance for credit losses$7.0M-$5.1M
Change in unrealized gain (loss) on residential mortgage loans held-for-sale, net$5.9M-$54.5M
Fair value adjustment on mark-to-market liabilities$0$3.1M
Other loss-$10.8M-$5.8M
Total other income (loss)$2.1M-$62.3M
Income (Loss) Before Income Taxes$1.5M-$92.9M
Income tax expense$60.0K$145.0K
Net Income (Loss)$1.5M-$93.0M
Net income (loss) attributable to the noncontrolling interests$2.0K-$1.2M
Net Income (Loss) Attributable to Rithm Property Trust Inc.$1.5M-$91.8M
Dividends on Preferred Stock$4.2M$340.0K
Net Loss Attributable to Common Stockholders-$2.7M-$92.2M
Basic (in dollars per share)-$0.36-$13.76
Diluted (in dollars per share)-$0.36-$13.76
Basic (in shares)7.6M shares6.7M shares
Diluted (in shares)7.6M shares6.7M shares

Compare RPT Realty with another company

The story

In 1955, Aaron & William Gershenson founded A & W Management Company.

In 1975, William Gershenson's four sons, Joel, Dennis, Richard, and Bruce Alan, along with Mike Ward, founded Ramco Gershenson, with each partner responsible for a different division of the Company.

In the late 1970s and early 1980s, the company developed 35 Kmart stores.

In 1996, the company merged with RPS Realty Trust and became a public company via a reverse merger, changing its name to Ramco-Gershenson Properties Trust.

In 2004, the company acquired 7 properties for $138.3 million.

The company changed its name to RAMCO in May 2018 and RPT Realty in October 2018.

On January 2, 2024, the company was acquired by Kimco Realty.

From Wikipedia’s article on RPT Realty, shared under CC BY-SA 4.0.6

Leadership

Who has led RPT Realty, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dennis Earl Gershenson2006–2018
  2. Brian Harper2018–2024

Chair

  1. Dennis Earl Gershenson2007–2009

President

  1. Dennis Earl Gershenson2006–2018
  2. Brian Harper2018–2024

Chief financial officer

  1. Gregory R. Andrews2011–2015
  2. Geoffrey Bedrosian2016–2018
  3. Michael Fitzmaurice2018–2024
197019801990200020102020
Board members and other officers (24)

Timeline

  1. Jun 18, 2018New chief executive Brian Harper becomes CEO17
  2. Mar 2, 2006New chief executive Dennis Earl Gershenson becomes CEO18
  3. 1950Founded Founded1

Filings

134 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 19 major events, 59 insider forms, 20 large holders, 27 other. The latest 20:

  1. Feb 14, 2024SC 13G/A EDGAR
  2. Feb 13, 2024SC 13G/A EDGAR
  3. Feb 13, 2024SC 13G/A SCHEDULE 13G/A EDGAR
  4. Jan 25, 2024SC 13G/A EDGAR
  5. Jan 12, 202415-12G EDGAR
  6. Jan 8, 2024SC 13G/A EDGAR
  7. Jan 4, 20244 EDGAR
  8. Jan 4, 20244 EDGAR
  9. Jan 4, 20244 EDGAR
  10. Jan 4, 20244 EDGAR
  11. Jan 4, 20244 EDGAR
  12. Jan 4, 20244 EDGAR
  13. Jan 4, 20244 EDGAR
  14. Jan 4, 20244 EDGAR
  15. Jan 4, 20244 EDGAR
  16. Jan 4, 20244 EDGAR
  17. Jan 4, 20244 EDGAR
  18. Jan 3, 2024POSASR EDGAR
  19. Jan 3, 2024S-8 POS EDGAR
  20. Jan 3, 2024S-8 POS EDGAR

The 134 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 51. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Magnetar Financial LLC1,639,033$23.6M0.2%No change
Wellington Management Group Llp1,059,359$15.3M0.0%No change
Rithm Capital Corp.766,143$11.0M13.6%+110,794
Vanguard Capital Management LLC312,221$4.5M0.0%+1,388
Fmr LLC212,723$3.1M0.0%+64
BlackRock, Inc.155,026$2.2M0.0%−238,200
Family Manage LLC150,485$2.2M0.2%−7,319
Geode Capital Management, LLC83,637$1.2M0.0%−103,565
Millennium Management LLC74,242$1.1M0.0%New
Renaissance Technologies LLC50,853$732.3K0.0%−9,164
Vanguard Fiduciary Trust Co47,922$690.1K0.0%+1,076
Susquehanna International Group, Llp45,895$660.9K0.0%+12,999
Aqr Capital Management LLC43,778$630.4K0.0%+32,140
Yakira Capital Management, Inc.41,391$596.0K0.2%No change
Goldman Sachs Group Inc39,417$567.6K0.0%−5,664
Citadel Advisors LLC36,582$526.8K0.0%New
Shay Capital LLC29,276$421.6K0.0%+377
State Street Corp27,088$390.1K0.0%−50,593
Morgan Stanley22,546$324.7K0.0%−3,943
Jane Street Group, LLC20,618$296.9K0.0%New
Royal Bank Of Canada19,302$278.0K0.0%+11,579
Northern Trust Corp17,704$254.9K0.0%−34,569
&partners16,309$234.8K0.0%+1,725
Qube Research & Technologies Ltd11,542$166.2K0.0%New
Hsbc Holdings PLC10,812$154.5K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 10, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+149.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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