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INVESTOR PRESENTATIONSPRING – SUMMER 2016
CORPORATE OVERVIEWAND STRATEGY
INVESTOR PRESENTATION | SPRING – SUMMER 2016 THE SHOPS AT OLD ORCHARD, WEST BLOOMFIELD, MI
2
STRENGTHENED MANAGEMENT TEAM
3
DENNIS GERSHENSON
President & Chief Executive Officer
GEOFF BEDROSIAN
Chief Financial Officer
JOHN HENDRICKSON
Chief Operating Officer
Over 30 years of Real Estate Experience
Envisioning the Future of Retail Today
CORPORATE OVERVIEW AND STRATEGY
4
We invest in large, multi-anchored, and urban-oriented shopping centers tenanted by best-in-class retailers that generate sustainable increases in cash flow.
We promote operating excellence and
a disciplined approach to capital
allocation with a focus on long-term
NAV growth.
We add value through tactical
and strategic redevelopments
that generate solid returns on invested
capital.
We manage a conservative capital
structure to maintain liquidity and
flexibility through all economic cycles
and that supports dividend growth.
FIVE-YEAR PORTFOLIO EVOLUTION
5
Total Number of Properties
902010
PORTFOLIO
73CURRENT
PORTFOLIO
Wholly-Owned Shopping Centers
Leased Rate Average Anchors
582010
PORTFOLIO
69CURRENT
PORTFOLIO
91.5%2010
PORTFOLIO
94.7%CURRENT
PORTFOLIO
2.5 5percenter
2010
PORTFOLIO
CURRENT
PORTFOLIO
percenter
Average Rent per Square Foot
$9.882010
PORTFOLIO
$13.34CURRENT
PORTFOLIO
As of March 31, 2016.
OUR TOP TWENTY CENTERS PROVIDE A SOLID FOUNDATION FOR FUTURE GROWTH
6[1] Includes shadow anchors. Without shadow anchors, average size is 340,000 square feet and average number of anchors is 7.
7
WE PLAN TO EXPAND IN THE TOP MSAs IN STATES WHERE WE CURRENTLY OPERATE
Primarily first-ring top 40 MSA sub-
market locations.
RPT’s Top 10 Markets
= 80% of Annualized Base Rent
RPT’s top 10 markets provide the
opportunity for future growth supported
by strong regional leasing and asset
management teams.
Strong in-fill markets provide the
opportunity for both tactical and
strategic redevelopment as tenancies
look to locate at our centers.
Note: 5-mile trade area.
PORTFOLIO STRATEGY
INVESTOR PRESENTATION | SPRING – SUMMER 2016 FRONT RANGE VILLAGE, FORT COLLINS, CO
8
OUR STRATEGIC FOCUS IS TO INCREASE THE VALUE OF OUR SHOPPING CENTERS
• Operating Excellence Objectives:
Execute a bottom-line, financially-oriented business model.
Produce sustainable FFO Growth of approximately 4 - 5% for the foreseeable future.
Generate same-center growth of 3.0% - 4.5%, with redevelopment.
Generate same-center growth of 2.0% - 3.0%, excluding redevelopment.
9
• Value Creation:
Continue to execute on value-add redevelopments of $65 - $80 million each year that produce 9% - 10% ROI.
Double digit rent increases on small shop tenancies.
Implement multi-phase, large scale strategic redevelopments at a number of our shopping centers to solidify regional dominance.
• Capital Recycling:
Continue to sell non-core assets to increase portfolio quality and generate capital for
strategic investments, including value-add improvements in the core portfolio as well as
selective acquisitions.
WE ARE TRANSFORMING OUR PORTFOLIO THROUGH A STRATEGIC CAPITAL RECYCLING PLAN
10
Number of Properties (including JVs) 28 Shopping Centers 37 Shopping Centers[1]
Owned GLA 3.9 million square feet 8.4 million square feet
Average Rent, psf $10.40 $13.97[2]
Average Household Income $68,000 $86,000
Average Center Size 136,000 square feet 270,000 square feet
Total Proceeds/Investment $275 million $1.3 billion
Criteria
Acquisitions:
Multi-anchor often with market leading grocer
High barrier-to-entry trade areas
Market expansion opportunities to drive efficiencies
Typically have value-add opportunities
Dispositions:
Non-core markets and properties
Smaller centers
Limited growth properties
Results
Regional dominant centers that
produce sustainable growth in NOI
Best-in-class retailers provide
recession resistant cash flow
High-quality properties that
generate higher NOI and NAV
[1] Includes joint venture acquisitions.[2]Excludes land leases.
11
WE BELIEVE LARGE, MULTI-ANCHOR CENTERS PROVIDE BOTH STABILITY AND GROWTH
METRICMULTI-ANCHOR
COMMUNITY SHOPPING CENTERS
Scale >35 Acres and >350,000 Square Feet
Credit Quality >85% of ABR from National and Regional Tenants
Anchor Exposure Minimal Risk from Loss of a Single Anchor
Growth Opportunities Expansion and Densification Opportunities
Merchandise Mix Dynamic
Draw Regional
OUR CENTERS ARE PREDOMINANTLY ANCHORED BY LEADING GROCERS AS WELL AS NECESSITY BASED AND VALUE RETAILERS
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1% –
64%
4%
31%
Single Grocery Anchor Center
6 Centers
Multi-Anchor without
Grocery Component
24 Centers
Multi-Anchor with
Grocery Component
37 Centers
Single Anchor Center
1 Center
Multi-anchor centers provide convenience,
variety and flexibility for the consumer, and in
turn, stability for the shopping center.
Note: Percentage of total annualized base rent.
13
MARKET LEADING GROCERY TENANTS
% of ABR
National 34%
Regional 19%
Specialty 11%
TOTAL 64%
of our ABR comes from Multi-
Anchor Shopping Centers with a
Grocery Component64%
Strong grocer sales = $510 per square foot
14
OUR TOP TENANT ROSTER REPRESENTS A DIVERSIFIEDLINE-UP OF BEST-IN-CLASS NATIONAL RETAILERS
OUR FOUR-POINT MANAGEMENT PHILOSOPHY STRATEGICALLY POSITIONS OUR CENTERS IN A DYNAMIC RETAIL LANDSCAPE
15
GROWTH STRATEGY
INVESTOR PRESENTATION | SPRING – SUMMER 2016 WOODBURY LAKES, WOODBURY, MN
16
17
WE WILL CONTINUE TO GROW NAV BY MAXIMIZING THE VALUE OF OUR SHOPPING CENTER PORTFOLIO
17
RPT’s 20 Largest Properties =
>50% of ABR / Avg. cap rate of ~6.0%
Provide the greatest opportunity for tactical and strategic value-add redevelopment.
Properties with long-term growth profiles, strong demographics and
embedded value-add redevelopment opportunities
= 25% - 35% of ABR
Low growth or fully-valued properties
= 10% - 15% of ABR
Future acquisitions
will include centers
that support our goal
of creating unique
places with regional
draws in top
markets.
The Company plans to
sell $100 - $125 million
of non-core assets in
2016.
Proceeds will be used to
fund the Company’s
redevelopment activities
and reduce debt.
18
A SOLID PIPELINE OF IN-PROCESS REDEVELOPMENT PROJECTS WILL DELIVER VALUE FOR OUR SHAREHOLDERS
9CENTERS UNDER REDEVELOPMENT
2016-2017FULL-YEAR STABILIZATION
$75.4MTOTAL COST
9% - 10%INCREMENTAL RETURN
Over 50% of our properties have some form of value-add opportunity = at least $65-80 million annually.
Property Location Projected Stabilization Estimated Project Costs
Deerfield Towne Center Mason, OH 2017 $7.9 million
Hunter’s Square Farmington Hills, MI 2016 $6.6 million
Mission Bay Boca Raton, FL 2016 $10.3 million
Shoppes of Lakeland Lakeland, FL 2017 $1.2 million
Spring Meadows Toledo, OH 2016/2017 $11.9 million
The Shoppes at Fox River Waukesha, WI 2017 $17.9 million
The Shops on Lane Avenue Upper Arlington, OH 2017 $1.8 million
Town & Country Crossing Town & Country, MO 2016/2017 $5.7 million
West Oaks Novi, MI 2016 $12.1 million
TOTAL $75.4 million
Location:
Desirable sub-market of St. Louis, Missouri.
Average 5-Mile Household Income: $118,000.
Average 5-Mile Population: 170,000.
Re-Anchoring and Expansion Opportunity:
Center re-anchoring and expansion to include two new
high-quality national anchors.
Execution:
Adding 31,000 square foot Stein Mart on undeveloped
pad site and a 20,000 square foot Home Goods in
vacant/relocated in-line space.
Created Promenade shopping district featuring
restaurants and upscale shopping.
In 2013, RPT added a 9,000 square foot
Cooper’s Hawk Restaurant.
19
TOWN & COUNTRY (Town & Country, MO)Tactical In-Process Redevelopment
NET VALUE CREATED
Incremental NOI[1] $2.2 Million
Cap Rate Contraction[2] 2.0 Million
Total $4.2 Million
[1] Value of incremental NOI adjusted for redevelopment capital of $5.7 million.[2] Assumes a 25 BP decrease in cap rate.
Location:
Desirable Boca Raton market.
Average 5-Mile Household Income: $87,196.
Average 5-Mile Population: 173,721.
Re-anchoring and Expansion Opportunity:
Expansion of successful anchor and replacement of
underperforming tenancy.
Transitioning community center to regional dominant
multi-anchor center.
Execution:
Expanding LA Fitness by 6,000 square feet to
accommodate successful proto-type.
Replacing under-performing Toys ‘R Us with a 46,000
square foot Dick’s Sporting Goods.
Creating entertainment and restaurant corridor.
20
MISSION BAY PLAZA (Boca Raton, FL)Tactical In-Process Redevelopment
NET VALUE CREATED
Incremental NOI[1] $1.9 Million
Cap Rate Contraction[2] 4.4 Million
Total $6.3 Million
[1] Value of incremental NOI adjusted for redevelopment capital of $10.3 million.[2] Assumes a 25 BP decrease in cap rate.
Location:
Affluent, growing sub-market in Metropolitan Detroit.
Average 5-Mile Household Income: $101,000.
Average 5-Mile Population: 154,000.
Re-anchoring and Expansion Opportunity:
Expand shopping center, right-size and re-tenant
anchor space, and relocate high-performing retailers.
Execution:
Expanding center by 15,000 square feet and down-
sized Gander Mountain to accommodate new
Nordstrom Rack, only their second store in
Metropolitan Detroit.
Negotiated early termination of Best Buy for the
addition of the first Container Store in Michigan.
Relocating strong performing David’s Bridal.
Generate new sales of $15 million annually.
10% increase in rental rates projected on 21,000
square feet of lease roll-over through 2019.
21
WEST OAKS (Novi, MI)Tactical In-Process Redevelopment
NET VALUE CREATED
Incremental NOI[1] $8.4 Million
Cap Rate Contraction[2] 3.3 Million
Total $11.7 Million
[1] Value of incremental NOI adjusted for redevelopment capital of $12.1 million.[2] Assumes a 25 BP decrease in cap rate.
Location:
Affluent metropolitan Detroit sub-market.
Average 5-Mile Household Income: $110,000.
Average 5-Mile Population: 169,000.
Re-anchoring Opportunity:
Fill underperforming and vacant anchors with two
best-in-class national retailers.
Execution:
Adding leading national tenants Saks OFF 5th and
DSW.
Generate new sales of $10 million annually.
15% increase in rental rates projected on lease roll-
over of 74,000 square feet through 2019.
22
HUNTER’S SQUARE (Farmington Hills, MI)Tactical In-Process Redevelopment
NET VALUE CREATED
Incremental NOI[1] $5.7 Million
Cap Rate Contraction[2] 2.9 Million
Total $8.6 Million
[1] Value of incremental NOI adjusted for redevelopment capital of $6.6 million.[2] Assumes a 25 BP decrease in cap rate.
Location:
High-growth sub-market of Milwaukee, Wisconsin.
Average 5-Mile Household Income: $78,000.
Average 5-Mile Population: 91,000.
Expansion Opportunity:
Multiple phased expansion adding over 250,000 square
feet of new GLA.
Execution:
Phase I development of T.J. Maxx, ULTA, Rue 21 and
Charming Charlie on adjacent land purchased as part
of original acquisition.
Phase II expansion Hobby Lobby.
Phase III anchored by Ross Dress for Less will add
over 100,000 additional square feet.
23
THE SHOPPES AT FOX RIVER (Waukesha, WI)Tactical In-Process Redevelopment
NET VALUE CREATED
Incremental NOI[1] $6.1 Million
Cap Rate Contraction[2] 1.9 Million
Total $8.0 Million
[1] Value of incremental NOI adjusted for redevelopment capital of $17.9 million.[2] Assumes a 25 BP decrease in cap rate.
Perfectly Positioned
To Execute On
Strategic Development
The acquisition of large, multi-anchored and
urban-oriented shopping centers has
seeded our strategic redevelopment
pipeline, which presents the opportunity to
enhance unique regional destinations.
Our larger legacy shopping centers with
significant parking fields present an
opportunity for densification and expansion.
24
STRATEGICALLY REPOSITIONING REGIONAL DOMINANT SHOPPING CENTERS FOR FUTURE GROWTH
Future of Retail: Densification – Retail Mix – Placemaking – Community
25
ENHANCING REGIONAL DOMINANT CENTERS ACQUIRED IN 2013 AND 2014 THROUGH STRATEGIC REDEVELOPMENT
$322MTOTAL INVESTMENT
1.5MOWNED GLA
$16.00AVERAGE RENT PER
SQUARE FOOT
$80KTRADE AREA INCOME
MAJOR TENANTS:
MAJOR TENANTS:
MAJOR TENANTS:
MAJOR TENANTS:
Deerfield Towne Center – Mason, OH Cincinnati #28 MSA
Bridgewater Falls - Hamilton, OH Cincinnati #28 MSA
Front Range Village – Fort Collins, CO Denver #21 MSA
Woodbury Lakes – Woodbury, MN Minneapolis/St. Paul #16 MSA
Location:
Prosperous sub-market of Cincinnati, Ohio.
Average 5-Mile Household Income: $111,000.
Average 5-Mile Population: 143,000.
Expansion Opportunity:
Densification of site creating exciting town square area
as well as lease-up of desirable lifestyle retail space.
Opportunity to add retail/office/residential.
Execution:
Phase I densification of site to include 15,000 square feet of new GLA, site improvements, and upgrades to 64,000 square feet of shop area.
Addition of new Crunch Fitness in 20,000 square feet in 2015.
26
DEERFIELD TOWNE CENTER (Mason, OH)Strategic In-Process Redevelopment
NET VALUE CREATED
Incremental NOI[1] $3.8 Million
Cap Rate Contraction[2] 4.1 Million
Total $7.9 Million
[1] Value of incremental NOI adjusted for redevelopment capital of $7.9 million.[2] Assumes a 25 BP decrease to cap rate.
27
FRONT RANGE VILLAGEMulti-phase Conceptual Plan
Multi-Phase
Opportunities
Include:
Site densification,
including new retail,
office and the
potential for multi-
family.
Optimization of
village area into
one-of-a kind
regional shopping
destination.
Significant ancillary
rental growth.
Redevelopment will
be completed in
phases.
28
WOODBURY LAKESMulti-phase Conceptual Plan
Multi-Phase
Opportunities
Include:
Addition of new
anchors and
entertainment
component.
Beautification and
densification.
Significant residual
rent growth.
Redevelopment will
be completed in
phases.
FINANCIAL MARKERSAND GUIDANCE
INVESTOR PRESENTATION | SPRING – SUMMER 2016 BRIDGEWATER FALLS, HAMILTON, OH
29
30
FIVE YEARS OF PORTFOLIO ENHANCEMENTPRODUCING EVER-IMPROVING METRICS
1.4%
3.3%
3.0%
3.3%
3.9% [1]
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
2011 2012 2013 2014 2015
2.3%
5 YEARS OF SAME-CENTER NOI GROWTH
[1] includes redevelopment
New COO and CFO as well as reorganization of asset management teams focused on
operating excellence, driving financial performance and growth in NAV positions the Company
for future success.
2016 GUIDANCE = 3.0% - 4.0%
$0.95
$1.04
$1.13
$1.26
$1.34
$0.50
$0.60
$0.70
$0.80
$0.90
$1.00
$1.10
$1.20
$1.30
$1.40
2011 2012 2013 2014 2015
5 YEARS OF INCREASING OPERATING
FFO W/O LAND SALES = 8.9% CAGR
2016 GUIDANCE = $1.32 - $1.38
31
SAME-CENTER NOI GROWTH
SUSTAINABLE SAME CENTER NOI GROWTH 3.0% – 4.5%
Contractual Rent Steps
Rent Growth
Miscellaneous
• Average annual rent steps typically 1
- 3%.
• Approximately 10-15% of the portfolio
GLA turns in a year, with rent growth
of ~10%.
• Other items include percentage rent
and ancillary income.
Redevelopment
Other Income
• Assumes $20-$25 million of
completed redevelopment projects
each year.
2016 GUIDANCE
2016 FFO and Operating FFO per diluted share, as well as certain other key measures:
Reported Funds From Operations $1.33 - $1.40
Less: Gain on Land Sales $0.01 - $0.02
Operating Funds from Operations $1.32 - $1.38
Same-Center NOI Increase with
Redevelopment3.0% - 4.0%
Same-Center NOI Increase without
Redevelopments2.0% - 3.0%
Dispositions $100 million - $125 million
Acquisitions Opportunistic
General and Administrative Expense $22 million - $23 million
Debt to EBITDA 6.2x – 6.4x
The Company's 2016 guidance excludes any unforeseen one-time items including provisions for
impairment, transactions costs, gain or loss on extinguishment of debt and other items.
32
CAPITAL MANAGEMENT
INVESTOR PRESENTATION | SPRING – SUMMER 2016 HUNTER’S SQUARE, FARMINGTON HILLS, MI
33
34
INVESTMENT GRADE PROFILE
RPT’S balance sheet is comparable to its peers with investment grade ratings.
LOW LEVERAGE FLEXIBLE STRUCTURE
Net Debt / Market Capitalization 40% Unencumbered Assets / Unsecured Debt 2.6X
Net Debt + Preferred / Market Capitalization 44% Fixed-Rate Debt / Total Debt 90%
Net Debt to EBITDA 6.6X Secured Debt / Total Capitalization 11%
STRONG COVERAGE AMPLE LIQUIDITY
Interest Coverage 3.7X Revolving Line Availability $274M
Fixed Charge Coverage 3.0X Free Cash Flow $25 - $30M
As of March 31, 2016.
35
PROACTIVE BALANCE SHEET MANAGEMENT
6.5 YEARSAVERAGE TERM
90%FIXED RATE DEBT
$2.0BUNENCUMBERED
POOL
<$132MMAXIMUM DEBT EXPIRING
IN ANY YEAR
$0
$50
$100
$150
$200
$250
$300
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028+
Millio
ns
Mortgage Unsecured
As of March 31, 2016.
TOTAL MARKET CAPITALIZATION
36
$2.7B TOTAL CAPITALIZATION
$1.5BCOMMON EQUITY
Total Common Equity $1,467,840
Total Debt $1,072,538
Senior Unsecured Debt $460,000
Mortgage Debt $300,960
Term Loans $210,000
Revolving Line of Credit $76,000
Junior Subordinated Note $28,125
Capital Lease $1,108
Cash ($3,655)
Convertible Perpetual Preferred Shares $120,703
Total Market Capitalization $2,661,081
As of March 31, 2016.
37
KEY TAKEAWAYS
APPENDIX
INVESTOR PRESENTATION | SPRING – SUMMER 2016 LAKELAND PARK CENTER, LAKELAND, FL
38
39
PROFILE OF TOP TWENTY SHOPPING CENTERS
RPT’s 20 Largest Centers = 54% of Total ABR
Market Dominant 445,000 Square Feet[1]; ABR psf of $16.66[2]
Low Risk with High Growth PotentialAverage 8 Anchors[1] per Center and over
100,000 Square Feet of Small Shop Space
Average Age of Portfolio15 of RPT’s top 20 Properties acquired within
the last five years
Strong MarketsAverage Household Income of $84,000
Average Population of 170,000
Stable Income Stream 86% National/Regional Tenants
[1]Includes shadow anchors. Without shadow anchors, average size is 340,000 square feet and average number of anchors is 7.[2]Excludes land leases.
1. River City Marketplace, FL
ABR: $9.5 million $17.26 PSF
Total GLA: 899,588 (Owned 557,087)
Major Tenants: Bed Bath & Beyond, Best Buy, Wal-Mart,
Ross Dress For Less, Lowe’s, Gander Mountain and PetSmart
ABR: $8.5 million $19.20 PSF
Total GLA: 792,945 (Owned 459,307)
Major Tenants: Target, Lowe’s, Sprouts Market, ULTA Beauty,
Charming Charlie, DSW and Microsoft
2. Front Range Village, CO
3. Deerfield Towne Center, OH 4. Bridgewater Falls, OH
ABR: $6.8 million $16.88 PSF
Total GLA: 627,202 (Owned 503,502)
Major Tenants: Target, Bed Bath & Beyond, T.J. Maxx,
Dick’s Sporting Goods, Old Navy, ULTA Beauty and Michaels
40
RPT’S 20 LARGEST MARKET DOMINANTCENTERS BY RENT
DESIGN
TENANT
IMAGES ARE
CROPPED TO
ABR: $8.3 million $19.24 PSF
Total GLA: 463,246
Major Tenants: Whole Foods, Bed Bath & Beyond, buy buy Baby, Dick’s
Sporting Goods, ULTA Beauty, Charming Charlie and Crunch Fitness
Recently acquired.
7. Hunter’s Square, MI
ABR: $5.9 million $16.71 PSF
Total GLA: 353,951
Major Tenants: Bed Bath & Beyond, Old Navy, buy buy Baby,
T.J. Maxx, Marshalls, Saks Fifth Avenue OFF 5TH and DSW
JUST OPENED:
Saks Fifth Avenue Off 5th and DSW
5. Woodbury Lakes, MN
ABR: $6.0 million $21.96 PSF
Total GLA: 317,603 (Owned 305,086)
Major Tenants: buy buy Baby, Charming Charlie,
DSW, Gap, H&M, Michaels, Victoria’s Secret and Trader Joe’s
ABR: $5.9 million $17.90 PSF
Total GLA: 523,411
Major Tenants: Meijer, DSW, Lowe’s, Michaels,
Pier 1 Imports and PetSmart
6. Tel-Twelve, MI
8. West Oaks, MI
ABR: $5.7 million $17.66 PSF
Total GLA: 676,071 (Owned 419,919)
Major Tenants: Kohl’s, DSW, Gander Mountain, Old Navy,
Jo-Ann Fabrics and Marshalls
41
RPT’S 20 LARGEST MARKET DOMINANTCENTERS BY RENT
OPENING SOON:
Container Store and Nordstrom Rack
Recently acquired.
ABR: $5.3 million $22.08 PSF
Total GLA: 257,600
Major Tenants: The Fresh Market, LA Fitness,
OfficeMax, Golfsmith and Dick’s Sporting Goods
10. Mission Bay Plaza, FL
11. Jackson Crossing, MI 12. Millennium Park, MI
ABR: $4.4 million $11.50 PSF
Total GLA: 674,480 (Owned 420,238)
Major Tenants: Target, Kohl’s, Bed Bath & Beyond,
Best Buy, T.J. Maxx and Jackson 10 Theater
ABR: $4.2 million $15.28 PSF
Total GLA: 625,209 (Owned 272,568)
Major Tenants: Home Depot, Marshalls, Michaels,
PetSmart, ULTA Beauty, Costco and Meijer
42
RPT’S 20 LARGEST MARKET DOMINANTCENTERS BY RENT
OPENING SOON:
Expanded LA Fitness and Dick’s
9. Harvest Junction, CO
ABR: $5.7 million $15.76 PSF
Total GLA: 495,185 (Owned 360,185)
Major Tenants: Ross Dress For Less, Marshalls, Michaels,
Best Buy, Dick’s Sporting Goods and DSW
Recently acquired.
14. The Shops at Lane Avenue, OH
ABR: $3.4 million $22.07 PSF
Total GLA: 168,936
Major Tenants: Whole Foods Market, Bed Bath & Beyond, Pier 1 Imports,
ULTA Beauty, Rusty Bucket, White House | Black Market and Chico’s
JUST OPENED:
ULTA Beauty
ABR: $3.4 million $14.45 PSF
Total GLA: 369,774 (Owned 237,392)
Major Tenants: Target, Hobby Lobby, Petco,
Pick’n’Save, T.J. Maxx and ULTA Beauty
15. The Shoppes at Fox River, WI
OPENING SOON:
Ross Dress for Less
13. Troy Marketplace, MI
ABR: $3.7 million $17.17 PSF
Total GLA: 238,354 (Owned 217,754)
Major Tenants: Nordstrom Rack, Golfsmith,
LA Fitness, PetSmart and Total Hockey
16. Heritage Place, MO
ABR: $3.4 million $13.63 PSF
Total GLA: 269,105
Major Tenants: Dierberg’s Market, Marshalls,
Petco and T.J. Maxx
43
RPT’S 20 LARGEST MARKET DOMINANTCENTERS BY RENT
Recently acquired.
17. Town & Country Crossing, MO
ABR: $3.3 million $26.35 PSF
Total GLA: 282,667 (Owned 145,830)
Major Tenants: Whole Foods Market, Target, Stein Mart, Home
Goods and Cooper’s Hawk Winery & Restaurant
ABR: $3.3 million $11.49 PSF
Total GLA: 300,682
Major Tenants: Marshalls, Ross Dress For
Less, LA Fitness, Aldi, Petco, and Walgreens
18. Mount Prospect Plaza, IL
20. Winchester Center, MI19. Marketplace of Delray, FL
ABR: $3.2 million $10.31 PSF
Total GLA: 320,134
Major Tenants: Dick’s Sporting Goods, Marshalls, Stein Mart,
Bed Bath & Beyond, PetSmart and Michaels
ABR: $3.3 million $13.66 PSF
Total GLA: 241,715
Major Tenants: Beall’s Outlet, Dollar Tree, Office Depot,
Ross Dress For Less, Winn-Dixie
44
RPT’S 20 LARGEST MARKET DOMINANTCENTERS BY RENT
OPENING SOON:
Stein Mart and Home Goods
JUST OPENED:
Stein Mart
Recently acquired.
45
SAFE HARBOR
Information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, or the “Securities Act”, and Section 21E of the Securities Exchange Act of 1934, as amended, or the “Exchange Act.” You can
identify these forward-looking statements by our use of the words “believe,” “anticipate,” “plan,” “expect,” “may,” “might,” “should,” “will,”
“intend,” “estimate,” “predict” and similar expressions, whether in the negative or affirmative. These forward-looking statements represent
our expectations or beliefs concerning future events, including: statements regarding future developments and joint ventures, rents,
returns, and earnings; statements regarding the continuation of trends; and any statements regarding the sufficiency of our cash
balances and cash generated from operating, investing, and financing activities for our future liquidity and capital resource needs. We
caution that although forward-looking statements reflect our good faith beliefs and reasonable judgment based upon current information,
these statements are not guarantees of future performance and are qualified by important factors that could cause actual results to differ
materially from those in the forward-looking statements, because of risks, uncertainties, and factors including, but not limited to: our
success or failure in implementing our business strategy; economic conditions generally and in the commercial real estate and finance
markets specifically; our cost of capital, which depends in part on our asset quality, our relationships with lenders and other capital
providers; our business prospects and outlook; changes in governmental regulations, tax rates and similar matters; and our continuing to
qualify as a REIT. Further, we have included important factors under the heading “Risk Factors” and elsewhere in our Annual Report on
Form 10-K for the year ended December 31, 2015, and other periodic reports, that we believe could cause our actual results to differ
materially from the forward-looking statements that we make. All forward-looking statements are made as of the date hereof or the date
specified herein, based on information available to us as of such date. Except as required by law, we do not undertake any obligation to
update our forward-looking statements or the risk factors contained herein to reflect new information or future events or otherwise. You
are cautioned not to place undue reliance on forward-looking statements.
INVESTOR PRESENTATIONSPRING – SUMMER 2016