NEW YORK, Oct. 31, 2018 (GLOBE NEWSWIRE) -- RAMCO Properties (NYSE: RPT) announced today that it will change its name to RPT Realty (the “Company”), effective November 13, 2018. The name change signifies the new strategic direction under recently appointed President and Chief Executive Officer Brian Harper, Executive Vice President and Chief Financial Officer Michael Fitzmaurice and Executive Vice President of Leasing Timothy Collier. The Company will continue to trade on the NYSE under the symbol “RPT.”
“Rebranding allows us a fresh start to refocus our strategic plan to unlock and drive embedded shareholder value,” said Mr. Harper. “In the four months since the change in leadership, we have streamlined our operating platform, reset our organizational culture, opened a new corporate headquarters in New York City, experienced strategic board of trustee changes, and identified the building blocks to deliver tangible and sustainable long-term growth for our shareholders. Our sense of urgency and resulting progress has been remarkable. As we complete 2018 and move into 2019, I look forward to sharing more details about the positive change we are implementing and the traction we are making advancing our strategic initiatives.”
About RPT Realty
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT. As of June 30, 2018, the Company's portfolio consisted of 58 shopping centers (including two shopping centers owned through joint ventures) representing 14.0 million square feet. As of June 30, 2018, the Company’s aggregate portfolio was 93.9% leased. For additional information about the Company please visit www.rptrealty.com.
Contact Information
Investors:
Vin Chao
vchao@rptrealty.com
212-221-1752
Media:
Matthew Chudoba
mchudoba@icrinc.com
203-682-8217