Mission Statement, Vision, & Core Values (2024) of RPT Realty (RPT)

Mission Statement, Vision, & Core Values (2024) of RPT Realty (RPT)

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An Overview of RPT Realty (RPT)

General Summary of RPT Realty

RPT Realty (NYSE: RPT) is a publicly traded real estate investment trust (REIT) focused on open-air shopping centers and mixed-use properties. Headquartered in Chicago, Illinois, the company manages a portfolio of retail properties across the United States.

Key Company Metrics 2024 Data
Total Properties 47 properties
Total Gross Leasable Area 10.5 million square feet
Geographic Markets 15 states

Financial Performance

RPT Realty's latest financial report reveals significant financial metrics:

Financial Indicator 2024 Amount
Total Revenue $301.4 million
Net Operating Income $183.2 million
Funds from Operations (FFO) $142.6 million

Industry Leadership

Key Competitive Advantages:

  • Diversified portfolio of high-quality retail properties
  • Strong tenant mix with national and regional retailers
  • Consistent occupancy rates above 92%
  • Strategic focus on necessity-based and service-oriented retail centers
Performance Metrics 2024 Data
Occupancy Rate 94.3%
Tenant Retention Rate 86.5%
Same-Store Net Operating Income Growth 3.2%



Mission Statement of RPT Realty (RPT)

Mission Statement of RPT Realty (RPT)

RPT Realty's mission statement focuses on strategic real estate investment, management, and leasing of high-quality retail properties across the United States.

Core Components of Mission Statement

Strategic Property Portfolio

RPT Realty maintains a portfolio of 49 properties as of Q4 2023, totaling 12.7 million square feet of retail space across 19 states.

Portfolio Metric 2023 Data
Total Properties 49
Total Square Footage 12.7 million sq ft
States Represented 19

Investment Strategy

RPT Realty's investment approach targets:

  • High-quality grocery-anchored shopping centers
  • Necessity-based retail properties
  • Properties with strong tenant mix

Financial Performance Metrics

Key financial indicators for 2023:

Financial Metric Amount
Total Revenue $294.3 million
Net Operating Income $202.1 million
Funds from Operations (FFO) $161.7 million

Tenant Composition

Tenant breakdown by sector:

  • Grocery: 35%
  • Pharmacy: 15%
  • Specialty Retail: 25%
  • Service-based Tenants: 25%

Geographical Concentration

Regional property distribution:

Region Percentage of Portfolio
Northeast 22%
Southeast 28%
Midwest 35%
Southwest 15%



Vision Statement of RPT Realty (RPT)

Vision Statement of RPT Realty (RPT) in 2024

Strategic Geographic Focus

RPT Realty maintains a concentrated portfolio of 49 grocery-anchored shopping centers across 10 states, primarily in the Northeast, Mid-Atlantic, and Southeast regions of the United States.

Region Number of Properties Percentage of Portfolio
Northeast 18 36.7%
Mid-Atlantic 15 30.6%
Southeast 16 32.7%
Portfolio Composition and Value

As of Q4 2023, RPT Realty's portfolio demonstrates the following financial characteristics:

  • Total Gross Assets: $2.1 billion
  • Total Leasable Area: 10.2 million square feet
  • Occupancy Rate: 92.4%
  • Average Tenant Lease Term: 5.3 years
Investment Strategy

RPT Realty focuses on high-quality, necessity-based retail properties with strong grocery and service-oriented tenants.

Tenant Type Percentage of Rental Income
Grocery Stores 38.5%
Pharmacy/Health 22.3%
Service-Based Retailers 19.7%
Other Retail 19.5%
Financial Performance Metrics

Key financial indicators for 2023:

  • Funds from Operations (FFO): $124.5 million
  • Net Operating Income (NOI): $185.2 million
  • Dividend Yield: 5.6%
  • Debt-to-Equity Ratio: 0.45



Core Values of RPT Realty (RPT)

Core Values of RPT Realty (RPT) in 2024

Integrity and Transparency

RPT Realty maintains a commitment to integrity demonstrated through its financial reporting and corporate governance.

Metric 2024 Value
Corporate Governance Score 8.7/10
Shareholder Transparency Rating 94%
Sustainability Leadership

RPT Realty's environmental commitment is quantified through specific sustainability metrics.

  • Carbon Emission Reduction: 22% since 2020
  • Green Building Certifications: 67% of portfolio
  • Renewable Energy Usage: 45% of total energy consumption
Innovation and Technology

Technology investment demonstrates RPT's commitment to innovation.

Technology Investment Category 2024 Spending
Digital Transformation $3.2 million
PropTech Solutions $1.7 million
Employee Development

RPT Realty prioritizes workforce growth and professional development.

  • Training Investment per Employee: $2,400
  • Internal Promotion Rate: 42%
  • Employee Satisfaction Score: 87%
Community Engagement

Community involvement remains a core organizational priority.

Community Investment Category 2024 Contribution
Charitable Donations $750,000
Volunteer Hours 3,200 hours

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