Ramco-Gershenson Properties Trust Increases Dividend to $0.16825 from $0.16325
Ramco-Gershenson Properties Trust (NYSE: RPT) announced today that it is providing guidance for Funds from Operations (“FFO”) for the full-year 2013. In addition, it has raised its quarterly common share dividend by 3.0%.
The Company is estimating that its 2013 full-year FFO per diluted common share will be between $1.03 and $1.09.
The 2013 guidance takes into consideration the following key assumptions:
* Projected year-end core portfolio leased occupancy of between 94% - 95%. * An anticipated increase in same-center net operating income of 2% - 3%.
The 2013 guidance excludes any shopping center acquisitions or dispositions, transaction costs, potential impairment charges, and gains or losses on extinguishment of debt.
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