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RPT Realty Announces Tax Reporting Information for its 2022 Dividend Distributions

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today tax reporting information for the 2022 dividend distributions on its common and preferred shares.

The January 3, 2022 common and preferred share distributions are included in the tax allocations for 2022. The January 3, 2023 common and preferred share distributions will be included in the tax allocations for 2023.

The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is as follows:

Common Shares (NYSE: RPT); CUSIP #’s 74971D 101, 751452103 and 751452202

Declaration DateRecord DatePayable DateGross Distribution per shareTotal Ordinary DividendQualified Dividend1Total Capital Gain DistributionUnrecaptured Section 1250 Gain2Return of Capital3Section 199A Dividend4
10/27/202112/20/20211/3/2022$0.120000 $0.100965 $0.004683$0.015510 $0.015510$0.003525 $0.096282
2/10/20223/18/20224/1/2022$0.130000 $0.109379 $0.005073$0.016802 $0.016802$0.003819 $0.104306
4/29/20226/17/20227/1/2022$0.130000 $0.109379 $0.005073$0.016802 $0.016802$0.003819 $0.104306
7/28/20229/20/202210/3/2022$0.130000 $0.109379 $0.005073$0.016802 $0.016802$0.003819 $0.104306
  Total$0.510000 $0.429102 $0.019902$0.065916 $0.065916$0.014982 $0.409200
    100.0000%  84.1377%   12.9247%   2.9376%  

Preferred Shares (NYSE: RPT.PD); CUSIP #’s 74971D 200 and 751452608

Declaration DateRecord DatePayable DateGross Distribution per shareTotal Ordinary DividendQualified Dividend1Total Capital Gain DistributionUnrecaptured Section 1250 Gain2Return of Capital3Section 199A Dividend4
10/27/202112/20/20211/3/2022$0.906250 $0.785576 $0.036437$0.120674 $0.120674$0.000000 $0.749139
2/10/20223/18/20224/1/2022$0.906250 $0.785576 $0.036437$0.120674 $0.120674$0.000000 $0.749139
4/29/20226/17/20227/1/2022$0.906250 $0.785576 $0.036437$0.120674 $0.120674$0.000000 $0.749139
7/28/20229/20/202210/3/2022$0.906250 $0.785576 $0.036437$0.120674 $0.120674$0.000000 $0.749139
  Total$3.625000 $3.142304 $0.145748$0.482696 $0.482696$0.000000 $2.996556
    100.0000%  86.6842%   13.3158%   0.0000%  

(1)Included in Total Ordinary Dividend.
(2)Included in Total Capital Gain Distribution.
(3)Represents a return of stockholders’ original investment.
(4)Represents qualified REIT dividends that may be eligible for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code of 1986, as amended, that is available for non-corporate taxpayers and is included in "Total Ordinary Dividend".

This information is provided for informational purposes only and should only be used to clarify the Form 1099-DIV. The amounts indicated on the Form 1099-DIV should be reported on the shareholders' 2022 federal income tax returns. Investors are advised to consult a legal or tax professional about the specific tax treatment of the Company's 2022 distributions.

This release is based on the preliminary results of work on the Company's tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company's distributions.

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 shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the “NYSE”). The common shares of the Company, par value $0.01 per share are listed and traded on the NYSE under the ticker symbol “RPT”. As of September 30, 2022, the Company's property portfolio (the "aggregate portfolio") consisted of 46 wholly-owned shopping centers, 11 shopping centers owned through its grocery-anchored joint venture, and 48 retail properties owned through its net lease joint venture, which together represent 15.0 million square feet of gross leasable area. As of September 30, 2022, the Company’s pro-rata share of the aggregate portfolio was 94.0% leased. For additional information about the Company please visit

Company Contact:

Vin Chao, Managing Director - Finance & Investments
19 W 44th St. 10th Floor, Ste 1002
New York, New York 10036
(212) 221-1752

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our expectations, plans or beliefs concerning future events and may be identified by terminology such as “may,” “will,” “should,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” “predict” or similar terms. Although the forward-looking statements made in this document are based on our good faith beliefs, reasonable assumptions and our best judgment based upon current information, certain factors could cause actual results to differ materially from those in the forward-looking statements. Many of the factors that will determine the outcome of forward-looking statements are beyond our ability to predict or control. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: our success or failure in implementing our business strategy; economic conditions generally and in the commercial real estate and finance markets, including, without limitation, as a result of continued high inflation rates or further increases in inflation or interest rates; the cost and availability of capital, which depends in part on our asset quality and our relationships with lenders and other capital providers; changes in interest rates and/or other changes in the interest rate environment; the discontinuance of LIBOR; the Company's ability to consummate the acquisitions described herein on the anticipated timeline and terms, or at all; risks associated with bankruptcies or insolvencies or general downturn in the businesses of tenants; the ongoing impact of the novel coronavirus (“COVID-19”), or the impact of any future pandemic, epidemic or outbreak of any other highly infectious disease, on the U.S., regional and global economies and on the Company’s business, financial condition and results of operations and that of its tenants; the potential adverse impact from tenant defaults generally or from the unpredictability of the business plans and financial condition of the Company's tenants; the execution of rent deferral or concession agreements on the agreed-upon terms; our business prospects and outlook; changes in governmental regulations, tax rates and similar matters; our continuing to qualify as a REIT; and other factors detailed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including in particular those set forth under “Risk Factors” in our latest annual report on Form 10-K and quarterly report on Form 10-Q. Given these uncertainties, you should not place undue reliance on any forward-looking statements. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future.


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