INDIANAPOLIS, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality open-air, grocery-anchored shopping centers, announced today the completion of its previously announced merger with Retail Properties of America, Inc. (NYSE: RPAI), a first-class owner and operator of high-quality open-air and mixed-use shopping centers, whereby RPAI merged into a subsidiary of KRG, with KRG continuing as the surviving public company. The combined high-quality, open-air portfolio is a mixture of predominantly necessity-based, grocery-anchored neighborhood and community centers, combined with vibrant mixed-use assets. The merger serves to more than double KRGs presence in high-growth warmer and cheaper markets, while also introducing and enhancing KRGs presence in strategic gateway markets. The merger is not only expected to be immediately FFO and NAV accretive, but the combined company has additional opportunities to further increase shareholder value including optimizing NOI margins, leasing of pandemic-related vacancy, lowering the companys cost of capital, and completing select developments.
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Equities analysts expect Retail Properties of America, Inc. (NYSE:RPAI) to report sales of $113.18 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Retail Properties of Americas earnings, with estimates ranging from $110.16 million to $118.91 million. Retail Properties of America reported sales of $107.36 million in []
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Indianapolis and Chicago Kite Realty Group Trust (NYSE: KRG) and Retail Properties of America (NYSE: RPAI) have entered into a merger agreement valued at $7.5 billion that will create a new shopping center REIT with a portfolio of 185 The post Kite Realty, RPAI Enter Into $7.5 Billion Merger Agreement to Create New Shopping Center REIT appeared first on Shopping Center Business .
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Kite Realty Group Trust (NYSE: KRG ) and Retail Properties of America, Inc. (NYSE:
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Kite Realty Group Trust (NYSE: KRG ) and Retail Properties of America, Inc. (NYSE: RPAI ) have entered into an agreement under which RPAI would merge into a subsidiary of KRG, with KRG continuing as the surviving public company. A Sweet REIT Deal: The shopping center-focused real estate investment trusts will create a combined company with an equity market capitalization of approximately $4.6 billion and a total enterprise value of approximately $7.5 billion upon the transaction’s closing, assuming a KRG share price of $20.83, the closing price on July 16. Under the terms of the merger agreement, each RPAI common share will be converted into 0.6230 newly issued KRG common shares in a 100% stock-for-stock transaction. The companies said this represents a 13% premium … Full story available on Benzinga.com
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NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Kite Realty Group Trust (NYSE: KRG) and Retail Properties of America, Inc. is fair to Kite Realty shareholders. Following the closing of the transaction, Kite Realty shareholders are expected to own approximately 40% of the combined companys equity.
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NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Retail Properties of America, Inc. (NYSE: RPAI) to Kite Realty Group Trust is fair to Retail Properties shareholders. Under the terms of the merger agreement, each Retail Properties common share will be converted into 0.6230 newly issued Kite Realty common shares. On a pro forma basis, following the closing of the transaction, Retail Properties shareholders are expected to own approximately 60% of the combined companys equity.
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(RTTNews) - Kite Realty Group Trust (KRG) and Retail Properties of America, Inc. (RPAI) announced Monday that they have entered into a definitive merger agreement, under which RPAI would merge into a subsidiary of KRG. Following the deal, KRG will continue as the surviving public company. The combined company is expected to have an equity
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Kite Realty Group Trust with ticker code (KRG) now have 10 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 25 and 16 calculating the average target price we see 22.35. Now with the previous closing price of 21.95 this would indicate that there is a potential upside of 1.8%. The 50 day MA is 21.56 while the 200 day moving average is 19.12. The company has a market cap of $1,860m. Visit the company website at: /> [stock_market_widget type="chart" symbol="KRG" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.
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SOUTHLAKE, Texas , June 30, 2021 /PRNewswire/ -- Entertainment disruptor EVO Entertainment is planning a blockbuster opening all its own -- a new, large format, experiential venue in Southlake Town Square. Combining the art of movie-going with gourmet dining and mixology, plus bowling and gaming options, EVO Entertainment presents a host of entertainment opportunities all in one convenient place. It is expected to open in Southlake Town Square near the end of 2021, and will be the first DFW Metroplex location for the fast-growing brand. "Southlake Town Square continues to pursue innovative operators offering the most engaging and unique experiences," said Jason Kasal , vice president and senior leasing director western division with Retail Properties of America, Inc. ("RPAI"), owner and operator of Southlake Town Square. "Introducing the EVO Entertainment concept in Southlake Town Square will provide a highly elevated movie-watching experience combined with a host of other amenities to add a new level of entertainment to our carefully curated lifestyle destination." EVO Entertainment will open at 1450 Plaza Place in Southlake Town Square, in a 68,733-square-foot space that formerly housed a theater.
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LARGO, MD. Retail Properties of America Inc. (RPAI) plans to begin developing the first building within Carillon, a planned mixed-use development in Largo. Construction on the first building known as The Ella, a 125,000-square-foot medical office building, will begin in the second half of 2021. The Ella will be situated 300 feet from the [] The post RPAI Plans to Develop 125,000 SF Medical Office Building in Largo, Maryland appeared first on REBusinessOnline .
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OAK BROOK, Ill. , June 7, 2021 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI ) (the "Company") today announced that it is planning on commencing construction on the first building at Carillon, its mixed-use development located in Largo, Maryland . Construction on The Ella, a 125,000 square foot medical office building, will begin in the second half of 2021. The Ella is a Class-A medical office building that will be developed with a patient-centered design and efficiency optimization focus, while benefiting from direct adjacency to the state-of-the-art University of Maryland Capital Region Medical Center . The Ella will be located approximately 300 feet from the University of Maryland Capital Region Medical Center's entrance and will offer walkable access to the Largo Town Center Metro Blue and Silver lines, on-site surface parking, and easy access to the Capital Beltway. The increase in demand for medical office space has generated significant interest in the project, and the Company is in active negotiations with prospective tenants. "The Ella at Carillon …
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OAK BROOK, Ill. , June 7, 2021 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI ) (the "Company") today announced that it is planning on commencing construction on the first building at Carillon, its mixed-use development located in Largo, Maryland . Construction on The Ella, a 125,000 square foot medical office building, will begin in the second half of 2021. The Ella is a Class-A medical office building that will be developed with a patient-centered design and efficiency optimization focus, while benefiting from direct adjacency to the state-of-the-art University of Maryland Capital Region Medical Center . The Ella will be located approximately 300 feet from the University of Maryland Capital Region Medical Center''s entrance and will offer walkable access to the Largo Town Center Metro Blue and Silver lines, on-site surface parking, and easy access to the Capital Beltway. The increase in demand for medical office space has generated significant interest in the project, and the Company is in active negotiations with prospective tenants. "The Ella at Carillon
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OAK BROOK, Ill., June 1, 2021 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today announced that Steven Grimes, chief executive officer, will present at the National Association
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OAK BROOK, Ill., June 1, 2021 /PRNewswire/ Retail Properties of America, Inc. (NYSE: RPAI) (the Company) today announced that Steven Grimes, chief executive officer, will present at the National Association of Real Estate Investment Trusts REITweek: 2021 Virtual Investor Conference. The Companys presentation is scheduled for Tuesday, June 8, 2021, from 10:15 a.m. 10:45 a.m. Read More » Retail Properties of America, Inc. To Present At Nareits REITweek: 2021 Virtual Investor Conference The post Retail Properties of America, Inc. To Present At Nareits REITweek: 2021 Virtual Investor Conference appeared on Stocks News Feed .
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OAK BROOK, Ill., June 1, 2021 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today announced that Steven Grimes, chief executive officer, will present at the National Association…
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OAK BROOK, Ill. , May 27, 2021 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the " Company ") today announced that its board of directors declared a dividend for the Company''s outstanding Class A common stock for the second quarter of 2021 of $0.075 per share, up from the $0.07 per share declared for the first quarter of 2021. The dividend of Full story available on Benzinga.com
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OAK BROOK, Ill., May 19, 2021 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today announced that it will release financial results for the second quarter ended June 30, 2021,
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Retail Properties of America, a real estate investment trust, has raised its quarterly cash dividend by 16.7% to $0. The post Retail Properties Bumps Up Quarterly Dividend By 17%; Street Remains Sidelined appeared first on Smarter Analyst .
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Retail Properties of America Inc. Class A shares closed 4.4% higher than its previous 52 week high, giving the company a market cap of $2B. The stock is currently up 32.5% year-to-date, up 18.4% over the past 12 months, and down 4.2% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 0.9%. Trading Activity Trading volume this week was 6.2% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 174.0% The company's stock price performance over the past 12 months beats the peer average by 1668.4% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 145.7% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Retail Properties of America Inc. Class A shares closed today at 0.1% below its 52 week high of $11.35, giving the company a market cap of $2B. The stock is currently up 32.5% year-to-date, up 18.4% over the past 12 months, and down 5.1% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 0.9%. Trading Activity Trading volume this week was 32.8% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 219.0% The company's stock price performance over the past 12 months beats the peer average by -6875.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 155.6% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Brokerages predict that Retail Properties of America Inc (NYSE:RPAI) will report sales of $99.72 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Retail Properties of America’s earnings, with the lowest sales estimate coming in at $86.82 million and the highest estimate coming in at $109.21 million. Retail […]
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Retail Properties of America (NYSE:RPAI) and American Homes 4 Rent (NYSE:AMH) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their valuation, earnings, risk, profitability, analyst recommendations, institutional ownership and dividends. Dividends Retail Properties of America pays an annual dividend of $0.20 per […]
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Retail Properties of America (NYSE:RPAI) and Kimco Realty (NYSE:KIM) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, institutional ownership, risk, valuation, dividends and profitability. Profitability This table compares Retail Properties of America and Kimco Realty’s net margins, return […]
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Wall Street brokerages forecast that Retail Properties of America Inc (NYSE:RPAI) will report earnings of $0.20 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Retail Properties of America’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.21. Retail Properties of America posted earnings per […]
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Retail Properties of America (RPAI) delivered FFO and revenue surprises of 3.85% and -1.51%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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OAK BROOK, Ill., Feb. 18, 2020 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today reported financial and operating results for the quarter and year ended December 31, 2019. FINANCIAL RESULTS For the quarter ended December 31, 2019, the Company reported:…
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OAK BROOK, Ill., Feb. 13, 2020 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today announced that it declared the first quarter dividend for its outstanding Class A common stock. The dividend of $0.165625 per common share will be paid on April 9, 2020, to…
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Retail Properties (RPAI) recent lease deal with Shake Shack at Circle East redevelopment project aims at attracting young, well-off and educated shoppers.
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OAK BROOK, Ill., Nov. 19, 2019 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) announced today that Shake Shack has signed a new lease at its Circle East redevelopment project located in Towson, MD. Shake Shack will be located in a 3,200 square foot space on Circle East's…
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OAK BROOK, Ill., Nov. 14, 2019 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today announced that it will release financial results for the fourth quarter and year ended December 31, 2019, after the market closes on Tuesday, February 18, 2020. The Company…
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Oak Brook, Ill., Oct. 29, 2019 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today reported financial and operating results for the quarter and nine months ended September 30, 2019. Financial Results For the quarter ended September 30, 2019, the Company…
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Retail Properties of America (RPAI) delivered FFO and revenue surprises of 0.00% and -1.21%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
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RPAI earnings call for the period ending March 31, 2019.
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OAK BROOK, Ill. , April 15, 2019 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI ) today announced it has completed the redevelopment of 18 apartment units at the historic Plaza del Lago mixed-use shopping center in Wilmette, Illinois . The Company also announced that the newly redeveloped portion of the center, known as "The Residences at Plaza del Lago," will be available for occupancy this summer. The 18 units at The Residences at Plaza del Lago feature brand new stainless steel appliances, modern finishes, Corian countertops, dual heating and air conditioning units, and onsite parking. Plaza del Lago provides residents with premier access to Chicago's lakefront, walking trails, beaches, Northwestern University , public transportation and a diverse retail offering including boutique shops, restaurants … Full story available on Benzinga.com
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Retail Properties of America (NYSE:RPAI) Q4 2018 Earnings Conference Call February 13, 2019 11:00 AM ET Company Participants Mike Gaiden - Vice President, Inves
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