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RPT Realty

Full company profile

uuid0039ukm

Namestring
RPT Realty
Legal namestring
RPT Realty
Websiteurl
rptrealty.com
Company typeenum
Public
Founded yearint
2018
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
commercial real estate, shopping center REIT, grocery-anchored retail, open-air retail properties, real estate investment trust
Industry1 code
1REITs & Listed Real Estate Securities
CodeFSAAAKADPrimaryYes
NAICS code1 code
  • Funds, Trusts, and Other Financial Vehicles525
SIC code1 code
  • Real Estate Investment Trusts6798
Product category
Retail Real Estate
Social media profiles1 record
Cost components5 values
Operations, Infrastructure, Personnel, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

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.

Product and service2 records
1RPT Realty REIT
CategoryReal Estate Investment Trust
Description

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.

2Paramount Commercial Real Estate Investment
CategoryCommercial Real Estate Investment
Description

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.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Rithm Capital Corp.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-01-01
Description

New 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.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Competitive moat3 records

Each record includes

Type, Details

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

RPT Realty

Retail Real Estaterptrealty.com

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.

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

  • Commercial real estate
  • Shopping center REIT
  • Grocery-anchored retail
  • Open-air retail properties
  • Real estate investment trust

Where RPT Realty is headquartered

Location

Headquarters

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 offering

Core 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 profile

Segments1 record

Ideal customer profiles1 record

RPT Realty technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

RPT Realty partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Rithm Capital Corp.coreStrategic or Co-development Partner · 1 January 2024New 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 assessment

Market position

Competitive moat3 records

Key highlights5 records

Customer concentration

RPT Realty social profiles

Digital presence

RPT Realty financial estimates

Financial estimate

Revenue estimate

Valuation estimate

RPT Realty leadership team

Management profile

Number of profiles

RPT Realty funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
BenzingaRPT Realty Q1 2026 Earnings Call: Complete Transcript - Rithm Property Trust (NYSE:RPT)RPT Realty reported a relatively uneventful first quarter of 2026 with negative GAAP income of $3.2 million and negative earnings available for distribution of $300,000, while maintaining a clean balance sheet with approximately $100 million in cash and liquidity and no problem loans. The company is strategically repositioning from residential to commercial real estate, deploying capital in higher-yielding assets, and exploring M&A opportunities amid market pressures, with the Paramount transaction representing a $50 million investment closed in December 2025. Management highlighted an opportunistic approach to capital deployment and potential future growth through large-scale investments and capital raises, while continuing to pay a dividend yielding approximately 10.8%.Investing.comCompass Point initiates coverage on RPT Realty stock with Buy rating By Investing.comCompass Point initiated coverage on RPT Realty (NYSE:RPT) with a Buy rating and a $24.00 price target, representing significant upside from the current trading price of $16.16. The research firm cited RPT's transition to commercial real estate investing with support from its new manager Rithm Capital Corp., which the firm highlighted for its institutional-scale commercial real estate lending experience and track record of scaling mortgage REITs. The price target implies a potential 57% total return over 12 months based on a 1x third-quarter 2025 fair value book value multiple.MarketWatchGoldman Sachs selling Personal Financial Management (PFM) unit in busy day for M&A dealsGoldman Sachs sold its Personal Financial Management (PFM) unit to Creative Planning LLC. The deal, expected to close in Q4, will generate a gain for Goldman Sachs, which is shifting focus to its ultra-high net worth business. Additionally, various M&A deals occurred, including Danaher acquiring Abcam, Kimco Realty acquiring RPT Realty, and private equity firm KSL Capital acquiring Hersha Hospitality Trust, while Thorne HealthTech agreed to go private.GlobeNewswireKimco Realty® Announces First Quarter 2024 ResultsKimco Realty reported a net loss of $18.9 million for Q1 2024, down from $283.5 million in 2023, with FFO of $0.39 per diluted share. The company completed the $2.3 billion RPT Realty acquisition and disposed of ten former RPT properties for $248 million. It updated its 2024 outlook, lowering net income and FFO guidance.GlobeNewswireRPT Realty Shareholders Approve MergersRPT Realty shareholders approved the merger with Kimco at a special meeting, with 99.8% voting in favor. The deal, expected to close January 2, 2024, will exchange RPT shares for 0.6049 Kimco shares each. The combined company will trade under the ticker 'KIM'.GlobeNewswireRPT Realty Declares Common and Preferred Share DividendsRPT Realty declared a $0.14 per common share cash dividend payable Dec. 21, 2023, and a $0.90625 per Series D preferred share dividend payable Jan. 2, 2024. The dividends are payable to shareholders of record on Dec. 7 and Dec. 20, 2023, respectively.PR NewswireSTOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger - OLK, PCTI, RPT, SPMonteverde & Associates PC, a New York-based securities class action law firm, announced it is investigating four proposed M&A transactions for potential shareholder wrongdoing: the sale of Olink Holding AB to Thermo Fisher Scientific for $26.00 per share, the sale of PCTEL Inc. to Amphenol Corp. for $7.00 per share, the merger of RPT Realty with Kimco Realty at an exchange ratio of 0.6049 shares, and the sale of SP Plus Corp. to Metropolis Technologies for $54.00 per share. The firm is seeking shareholders of the target companies to join potential class action lawsuits, offering free consultations with attorney Juan Monteverde. This type of announcement is a standard legal marketing effort to attract clients for securities litigation related to merger transactions.GlobeNewswireRPT Realty Announces Third Quarter 2023 Earnings Release DateRPT Realty announced it will release its third quarter 2023 earnings press release after the market closes on November 2, 2023. The company owns 43 shopping centers, 13 joint venture centers, and 49 retail properties, with 93.2% leased as of June 30, 2023.PR NewswireSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ESTE, SMMF, RPT, HTHalper Sadeh LLC, an investor rights law firm, announced investigations into four corporate transactions for potential violations of federal securities laws or breaches of fiduciary duties to shareholders. The transactions under scrutiny are Earthstone Energy's proposed sale to Permian Resources Corporation, Summit Financial Group's sale to Burke & Herbert Financial Services Corp., RPT Realty's sale to Kimco Realty, and Hersha Hospitality Trust's sale to affiliates of KSL Capital Partners, LLC. The law firm indicated it may seek increased consideration, additional disclosures, or other relief on behalf of shareholders.BenzingaWhy RPT Realty's Merger Deal With Kimco Is A Win-Win: Analyst On AFFO Estimates And Takeout Price - RithmKimco Realty Corp announced its acquisition of RPT Realty for approximately $2 billion, including debt and preferred stock assumption, representing a 19% premium to RPT's closing share price on August 25, 2023. Raymond James analyst RJ Milligan downgraded RPT to Market Perform, noting the takeout price implies a 24x AFFO multiple based on his FY24 AFFO estimate, while also raising concerns that RPT could not cover its dividend in 2024. KeyBanc Capital Markets analyst Todd Thomas also downgraded the stock to Sector Weight, citing the deal as evidence of confidence in retail real estate recovery while noting continued consolidation is likely in the REIT industry given interest rate pressures.