In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 8-K | 10-K | 10-K | 10-K |
REVENUE | | | | | | | | |
TOTAL REVENUE | 213.5 | 191.7 | 234.1 | 260.6 | 260.6 | 265.1 | 260.9 | 251.8 |
TOTAL REVENUE growth | 11.4% | -18.1% | -10.2% | -1.7% | | 1.6% | 3.6% | 15.3% |
EXPENSES | | | | | | | | |
Real estate taxes | 32.8 | 33.1 | 36.0 | 42.3 | | 42.7 | 41.7 | 38.7 |
Non-recoverable operating expense | 10.0 | 9.0 | 10.3 | 7.3 | | 8.0 | 3.6 | 4.3 |
Depreciation and amortization | 72.3 | 77.2 | 78.6 | 87.3 | 87.3 | 91.3 | 91.8 | 89.4 |
Transaction costs | 0.6 | 0.2 | | 0.2 | 0.2 | | 0.3 | 0.6 |
General and administrative expense | | | | | 31.4 | | 22.0 | 20.1 |
TOTAL EXPENSES | 190.7 | 165.0 | 180.1 | 208.4 | 132.6 | 201.7 | 190.0 | 186.3 |
Gain on sale of real estate | 88.9 | 0.3 | 81.9 | 4.0 | 4.0 | 52.8 | 35.8 | 17.6 |
OPERATING INCOME | 111.7 | 27.0 | 135.9 | 52.3 | 52.3 | 63.4 | 70.9 | 65.5 |
Operating margin | 52.3% | 14.1% | 58.0% | 20.1% | 20.1% | 23.9% | 27.2% | 26.0% |
|
OTHER INCOME AND EXPENSES | | | | | | | | |
Other income, net | -0.2 | 0.2 | -0.2 | -0.2 | | -0.7 | -0.2 | -0.6 |
(Loss) earnings from unconsolidated joint ventures | 4.0 | 1.6 | 0.6 | 0.6 | | 0.3 | 0.5 | 17.7 |
Interest expense | -37.0 | -39.3 | -40.1 | -43.4 | -43.4 | -44.9 | -44.5 | -42.2 |
INCOME BEFORE TAX | 70.2 | -10.5 | 93.9 | 18.2 | | 70.9 | 61.4 | 67.2 |
Income tax provision | 0.1 | 0.0 | -0.2 | -0.2 | -0.2 | -0.1 | -0.3 | -0.3 |
NET INCOME | 70.3 | -10.5 | 93.7 | 18.0 | | 70.7 | 61.1 | 66.9 |
Net income attributable to noncontrolling partner interest | -1.6 | 0.2 | -2.2 | -0.4 | | -1.7 | -1.4 | -1.8 |
NET INCOME ATTRIBUTABLE TO RPT | 68.6 | -10.2 | 91.5 | 17.6 | 18.0 | 69.1 | 59.7 | 65.1 |
Preferred share dividends | -6.7 | -6.7 | -6.7 | -6.7 | -6.7 | -6.7 | -6.7 | -6.8 |
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS | 61.9 | -16.9 | 84.8 | 10.9 | 10.9 | 62.4 | 53.0 | 57.8 |
|
(LOSS) EARNINGS PER COMMON SHARE | | | | | | | | |
Basic (in usd per share) | $0.76 | ($0.21) | $1.06 | $0.13 | $0.13 | $0.78 | $0.66 | $0.73 |
Diluted (in usd per share) | $0.75 | ($0.21) | $1.04 | $0.13 | $0.13 | $0.78 | $0.66 | $0.73 |
|
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | | | | | | | | |
Basic (in shares) | 81.1 | 80.0 | 79.8 | 79.6 | 79.6 | 79.3 | 79.2 | 78.8 |
Diluted (in shares) | 82.3 | 80.0 | 87.7 | 80.1 | 80.1 | 79.5 | 79.4 | 79.0 |
|
Cash Dividend Declared per Common Share (in usd per share) | $0.39 | $0.22 | $0.88 | $0.88 | | $0.88 | $0.86 | $0.82 |
|
OTHER COMPREHENSIVE INCOME | | | | | | | | |
Net income | 70.3 | -10.5 | 93.7 | 18.0 | | 70.7 | 61.1 | 66.9 |
|
Other comprehensive gain: | | | | | | | | |
|
Comprehensive income | | | | | | | | |
Comprehensive income attributable to noncontrolling interest | | | | | | | | |
COMPREHENSIVE INCOME ATTRIBUTABLE TO RPT | 80.1 | -26.2 | 89.3 | 18.8 | | 71.1 | 62.1 | 65.7 |