Rithm Property Trust Inc. Common stock (RPT)

Rithm Property Trust Inc. (NYSE: RPT, “RPT” or the “Company”) today announced the sale of an additional 84,232 shares of the Company’s 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) pursuant to the partial exercise of the over-allotment option granted to the underwriters of its previously announced public offering, for additional gross proceeds of $2,105,800, before deducting underwriting discounts and offering expenses. The Company intends to use the net proceeds from the offering for investments and general corporate and working capital purposes.

Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today that its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) has been approved for listing on the New York Stock Exchange under the symbol “RPT PRC”. Trading is expected to commence on March 12, 2025.

Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today the pricing of a public offering of 2,000,000 shares of its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) with a $25.00 per share liquidation preference, for gross proceeds of $50,000,000, before deducting underwriting discounts and offering expenses.  The Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 300,000 shares of the Series C Preferred Stock to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on March 4, 2025. The Company intends to use the net proceeds from the offering for investments and general corporate and working capital purposes.

Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today the commencement of a public offering of shares of the Company’s Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) with a $25.00 per share liquidation preference. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase additional shares of Series C Preferred Stock solely to cover over-allotments. The Company intends to use the net proceeds from the offering for investments and general corporate and working capital purposes.

Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “Rithm Property Trust” or the “Company”) today announced the following financial results for the quarter ended December 31, 2024.

Rithm Property Trust (NYSE:RPT, “RPT” or the “Company”) today announced the tax treatment of its 2024 common stock distributions.

Rithm Property Trust Inc. (NYSE: RPT, “Rithm Property Trust” or the “Company”) announced today that it will release its fourth quarter 2024 financial results for the period ended December 31, 2024 on Thursday, January 30, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Thursday, January 30, 2025 at 8:00 A.M. Eastern Time.

NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that, at a special meeting of the shareholders of RPT (the “Special Meeting”), the RPT shareholders approved the proposal necessary for the closing of the previously announced mergers pursuant to the Agreement and Plan of Merger, dated as of August 28, 2023 (the “Merger Agreement”), by and among Kimco Realty Corporation (“Kimco”), Kimco Realty OP, LLC, a Delaware limited liability company and wholly owned subsidiary of Kimco (“Kimco OP”), Tarpon Acquisition Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Kimco (“Merger Sub”), Tarpon OP Acquisition Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Kimco OP (“OP Merger Sub”), RPT and RPT Realty, L.P., a Delaware limited partnership (“RPT OP”), whereby (i) OP Merger Sub will merge with and into RPT OP, with RPT OP surviving the partnership merger (the “Partnership Merger”), (ii) RPT will merge with and into Merger Sub (the “Company Merger” and, together with the Partnership Merger, the “Mergers”), with Merger Sub surviving the Company Merger as a wholly owned subsidiary of Kimco and (iii) immediately after the Company Merger, Kimco will contribute all outstanding membership interests of Merger Sub to Kimco OP.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of RPT Realty (NYSE: RPT) to Kimco Realty Corporation (NYSE: KIM). Under the terms of the proposed transaction, shareholders of RPT will receive 0.6049 of a newly-issued Kimco share for each share of RPT that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a special dividend of $0.05444 per common share in connection with the previously announced definitive merger agreement entered into by and between the Company and Kimco Realty Corporation and the parties thereto. The special dividend is payable in cash on December 21, 2023, to shareholders of record on December 7, 2023. As a result of the payment of the special dividend on common shares, the conversion ratio of the Series D convertible preferred shares will be adjusted in accordance with the Company’s Articles of Restatement of Declaration of Trust, as amended and supplemented. The current conversion ratio of the Series D convertible preferred shares can be found on the Company's website at investors.rptrealty.com/shareholder-information/dividends.

Financial Highlights

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a regular cash dividend of $0.14 per common share. The cash dividend is payable on December 21, 2023 for shareholders of record on December 7, 2023. The Board of Trustees also approved a Series D convertible preferred share dividend of $0.90625 per share. The current conversion ratio of the Series D convertible preferred shares can be found on the Company's website at investors.rptrealty.com/shareholder-information/dividends. The convertible preferred dividend is payable on January 2, 2024 for shareholders of record on December 20, 2023.

NEW YORK, Sept. 27, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that it will release its third quarter 2023 earnings press release after the market closes on Thursday, November 2, 2023.

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today the release of its third annual Corporate Sustainability Report. The report details RPT’s strategy and performance in the areas of environmental, social and governance (ESG) and demonstrates the Company’s commitment to be a disciplined steward of ESG principles through transparent, consistent and reliable reporting of our plans and ongoing progress. The report can be found on the Corporate Responsibility page of the RPT website.

BALA CYNWYD, Pa., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of RPT Realty (NYSE: RPT) to Kimco Realty Corporation (NYSE: KIM). Under the terms of the proposed transaction, shareholders of RPT will receive 0.6049 of a newly-issued Kimco share for each share of RPT that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

BALA CYNWYD, Pa., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of RPT Realty (NYSE: RPT) to Kimco Realty for 0.6049 of a newly-issued Kimco share for each RPT share is fair to RPT shareholders. At closing, RPT shareholders are expected to own approximately 8% of the combined company.

– Expected to Be Immediately Accretive to Funds From Operations (“FFO”) and Leverage Neutral Upon Closing –

Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, and RPT Realty (“RPT”) (NYSE: RPT), a publicly traded owner and operator of a national portfolio of open-air shopping center destinations principally located in top U.S. markets, today announced a definitive merger agreement under which RPT will be acquired by Kimco in an all-stock transaction valued at approximately $2 billion, including the assumption of debt and preferred stock. Upon closing, Kimco expects to have a pro forma equity market capitalization of approximately $13 billion and a total enterprise value of approximately $22 billion.

Financial Highlights

NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a third quarter 2023 regular cash dividend of $0.14 per common share. The Board of Trustees also approved a third quarter 2023 Series D convertible preferred share dividend of $0.90625 per share. The current conversion ratio of the Series D convertible preferred shares can be found on the Company's website at investors.rptrealty.com/shareholder-information/dividends. The dividends, for the period July 1, 2023 through September 30, 2023 are payable on October 2, 2023 for shareholders of record on September 20, 2023.

NEW YORK, May 31, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that it will release its second quarter 2023 earnings press release after the market closes on Wednesday, August 2, 2023. The Company will host a conference call on Thursday, August 3, 2023 at 9:00 AM (ET) to discuss its financial and operating results.

Financial Highlights

NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that its Board of Trustees declared a second quarter 2023 regular cash dividend of $0.14 per common share. The Board of Trustees also approved a second quarter 2023 Series D convertible preferred share dividend of $0.90625 per share. The current conversion ratio of the Series D convertible preferred shares can be found on the Company's website at investors.rptrealty.com/shareholder-information/dividends. The dividends for the period April 1, 2023 through June 30, 2023 are payable on July 3, 2023 for shareholders of record on June 20, 2023.