Market Overview

Ramco-Gershenson Properties Trust Increases Dividend to $0.16825 from $0.16325

Related RPT
Ramco-Gershenson Properties Trust Acquires Two High-Quality Shopping Centers In Minneapolis-St. Paul And Cincinnati Markets
UPDATE: Wunderlich Initiates Coverage on Ramco-Gershenson as Balance Sheet is Prepped for Future Growth

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%.

2013 Guidance:

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.

Posted-In: News Dividends

 

Related Articles (RPT)

Around the Web, We're Loving...

Get Benzinga's Newsletters