In millions, except per share items | Jun-30-23 | Mar-31-23 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 |
| 10-Q | 8-K | 10-Q | 10-Q | 10-K | 8-K | 10-Q | 10-Q |
REVENUE | | | | | | | | |
TOTAL REVENUE | 51.1 | 52.2 | 55.3 | 56.1 | 56.0 | 55.2 | 52.2 | 50.1 |
TOTAL REVENUE growth | -7.7% | -6.8% | 5.9% | 12.0% | 17.3% | 18.7% | 17.0% | -5.3% |
EXPENSES | | | | | | | | |
Real estate taxes | 7.0 | | 7.2 | 8.2 | | | 8.8 | 8.5 |
Recoverable operating expense | 7.5 | | 7.1 | 7.2 | | | 5.7 | 6.2 |
Non-recoverable operating expense | 2.6 | | 2.3 | 2.6 | | | 2.1 | 2.6 |
Depreciation and amortization | 17.1 | 17.2 | 19.2 | 20.2 | | | 16.6 | 18.4 |
Transaction costs | 0.0 | | 4.4 | 0.1 | | | | |
General and administrative expense | 9.0 | 9.3 | 8.7 | 8.3 | | 7.3 | 7.6 | 7.4 |
TOTAL EXPENSES | 43.1 | 44.1 | 48.9 | 46.7 | 168.0 | 7.7 | 40.9 | 43.0 |
Gain on sale of real estate | 0.6 | 0.3 | 11.5 | 3.5 | 13.5 | 22.2 | 34.2 | 19.0 |
OPERATING INCOME | 8.5 | 8.5 | 18.0 | 13.0 | 5.7 | 34.4 | 45.6 | 26.1 |
Operating margin | 16.7% | 16.2% | 32.5% | 23.1% | 10.1% | 62.3% | 87.2% | 52.1% |
|
OTHER INCOME AND EXPENSES | | | | | | | | |
Other income, net | 0.5 | -0.2 | 0.2 | 0.2 | 0.0 | 0.0 | -0.1 | -0.1 |
(Loss) earnings from unconsolidated joint ventures | -0.1 | | -2.4 | 1.1 | | | 1.1 | 0.8 |
Interest expense | -8.8 | -8.7 | -8.8 | -8.3 | | | -9.3 | -9.4 |
INCOME BEFORE TAX | 0.1 | | 7.0 | 5.9 | | | 37.3 | 17.4 |
Income tax provision | 0.0 | -0.2 | 0.0 | 0.0 | 0.1 | -0.2 | 0.0 | -0.1 |
NET INCOME | 0.0 | | 6.9 | 5.9 | | | 37.2 | 17.3 |
Net income attributable to noncontrolling partner interest | 0.0 | | -0.1 | -0.1 | | | -0.9 | -0.4 |
NET INCOME ATTRIBUTABLE TO RPT | 0.0 | 1.3 | 6.8 | 5.8 | | | 36.4 | 16.9 |
Preferred share dividends | -1.7 | -1.7 | -1.7 | -1.7 | -1.7 | -1.7 | -1.7 | -1.7 |
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS | -1.6 | -0.4 | 5.1 | 4.1 | -12.0 | 24.0 | 34.7 | 15.2 |
|
(LOSS) EARNINGS PER COMMON SHARE | | | | | | | | |
Basic (in usd per share) | ($0.02) | ($0.01) | $0.06 | $0.05 | ($0.16) | $0.30 | $0.43 | $0.19 |
Diluted (in usd per share) | ($0.02) | ($0.01) | $0.06 | $0.05 | ($0.14) | $0.29 | $0.41 | $0.19 |
|
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | | | | | | | | |
Basic (in shares) | 85.6 | 0.1 | 84.2 | 84.0 | 81.1 | 80.4 | 80.2 | 80.1 |
Diluted (in shares) | 85.6 | 0.1 | 85.3 | 85.6 | 82.3 | 88.9 | 88.6 | 81.1 |
|
Cash Dividend Declared per Common Share (in usd per share) | $0.14 | | $0.13 | $0.13 | | | $0.08 | $0.08 |
|
OTHER COMPREHENSIVE INCOME | | | | | | | | |
Net income | 0.0 | | 6.9 | 5.9 | | | 37.2 | 17.3 |
|
Other comprehensive gain: | | | | | | | | |
Gain on interest rate swaps, net | 5.8 | | 4.4 | | | | | |
|
Comprehensive income | | | | | | | | |
Comprehensive income attributable to noncontrolling interest | | | | | | | | |
COMPREHENSIVE INCOME ATTRIBUTABLE TO RPT | 5.7 | | 11.1 | 17.9 | | | 35.6 | 24.3 |