RPT Realty
RPT Realty is a real estate investment trust acquired by Kimco Realty for $2 billion in May 2025 and now repositioning from residential toward commercial real estate investing under external manager Rithm Capital Corp, with ~$100M in liquidity.
- Company typePublic
- Founded2018
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What RPT Realty does
RPT Realty is a real estate investment trust that operated as a publicly traded company on the NYSE under ticker RPT prior to its May 2025 acquisition by Kimco Realty for approximately $2 billion. The company's historical focus was on grocery-anchored open-air shopping centers in U.S. first-ring suburbs; following the acquisition and the introduction of new external manager Rithm Capital Corp., RPT has executed a strategic repositioning from residential real estate toward commercial real estate investing, targeting higher-yielding assets and opportunistic capital deployment. Its first material capital deployment under the new strategy was a $50 million investment in the Paramount transaction, closed in December 2025, with additional M&A opportunities flagged.
The business operates a REIT capital structure and continues to distribute a dividend yielding approximately 10.8%. As of Q1 2026, the company reported negative GAAP income of $3.2 million and negative earnings available for distribution of $300,000 while maintaining approximately $100 million in cash and liquidity with no problem loans. The standalone entity employs between 51 and 100 people and is headquartered in New York. Post-acquisition, RPT Realty functions as a subsidiary of Kimco Realty Corporation, with Kimco providing operational scale and Rithm Capital providing institutional commercial real estate lending expertise.
The company's monetization model is rent and capital gains from real estate ownership, supplemented by strategic investment gains from repositioned commercial real estate assets. There are no disclosed AI/ML technology components, proprietary software platforms, or technology-driven revenue streams; the business is fundamentally a traditional real estate investment vehicle undergoing strategic redirection under new management.
RPT Realty firmographics
Firmographics- Name
- RPT Realty
- Legal name
- RPT Realty
- Website
- https://rptrealty.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- RPT Realty is a real estate investment trust acquired by Kimco Realty for $2 billion in May 2025 and now repositioning from residential toward commercial real estate investing under external manager Rithm Capital Corp, with ~$100M in liquidity.
- Ownership category
- akta.pro rank
RPT Realty industry classification
Industry- Product category
- Retail Real Estate
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
Keywords
Where RPT Realty is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
RPT Realty business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Others
RPT Realty product offering
Product offeringCore offering
RPT Realty operates as a publicly traded real estate investment trust (REIT) focused on owning and managing grocery-anchored open-air shopping centers in U.S. first-ring suburban markets. Following its acquisition by Kimco Realty in May 2025, the company is undergoing a strategic repositioning from residential to commercial real estate investing under the management of Rithm Capital Corp, deploying capital in higher-yielding commercial assets while maintaining its REIT structure and dividend distributions.
Product overview
RPT Realty was a single-product REIT offering focused on residential real estate investment. The company is now strategically repositioning from residential to commercial real estate, deploying capital in higher-yielding assets following its acquisition by Kimco Realty.
Differentiator
Problem solved
Functional benefit
Products and services
- RPT Realty REIT A publicly traded REIT providing investors with exposure to grocery-anchored open-air shopping centers and commercial real estate assets, offering dividend distributions to shareholders.
- Paramount Commercial Real Estate Investment A $50 million commercial real estate investment transaction completed in December 2025 as part of RPT Realty's strategic repositioning from residential to commercial real estate investing under Rithm Capital Corp management.
Companies that use RPT Realty
Customer profileSegments1 record
Ideal customer profiles1 record
RPT Realty technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
RPT Realty partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Rithm Capital Corp.coreNew manager providing institutional-scale commercial real estate lending experience and track record of scaling mortgage REITs. Supporting RPT Realty's transition to commercial real estate investing.
Scale indicators8 records
Recent moves5 records
Expansion highlights4 records
RPT Realty competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key highlights5 records
Customer concentration
RPT Realty social profiles
Digital presenceRPT Realty financial estimates
Financial estimateRevenue estimate
Valuation estimate
RPT Realty leadership team
Management profileNumber of profiles
RPT Realty funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RPT Realty M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RPT Realty
What does RPT Realty do?
RPT Realty operates as a publicly traded real estate investment trust (REIT) focused on owning and managing grocery-anchored open-air shopping centers in U.S. first-ring suburban markets. Following its acquisition by Kimco Realty in May 2025, the company is undergoing a strategic repositioning from residential to commercial real estate investing under the management of Rithm Capital Corp, deploying capital in higher-yielding commercial assets while maintaining its REIT structure and dividend distributions.
Is RPT Realty a public or private company?
RPT Realty is a public company. It is classified as corporate owned and is currently acquired.
When was RPT Realty founded?
RPT Realty was founded in 2018. It employs 51 to 100 people.
Where is RPT Realty based?
RPT Realty is headquartered in New York, United States, in the North America region.
Does RPT Realty have an API?
No public API is recorded for RPT Realty.
What industry is RPT Realty in?
RPT Realty's product category is Retail Real Estate. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities. Its NAICS code is 525 and its SIC code is 6798.