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 | | | 222.5 | 219.5 | 213.5 | 205.2 | 196.5 | 188.9 |
TOTAL REVENUE growth | | | 13.2% | 16.2% | 11.4% | 1.5% | -8.4% | -16.9% |
EXPENSES | | | | | | | | |
Real estate taxes | | | 15.4 | 17.0 | | | 33.8 | 33.4 |
Recoverable operating expense | | | 14.3 | 12.9 | | | 17.1 | 16.1 |
Non-recoverable operating expense | | | 5.0 | 4.8 | | | 9.2 | 9.2 |
Depreciation and amortization | | | 39.4 | 36.8 | | | 73.5 | 74.7 |
Transaction costs | | | 4.5 | 0.1 | | | | |
General and administrative expense | | | 24.4 | 23.3 | | 22.3 | 21.0 | 20.1 |
TOTAL EXPENSES | | | 271.2 | 263.3 | 259.6 | 11.9 | 83.3 | 120.6 |
Gain on sale of real estate | | | 50.8 | 73.5 | 88.9 | 75.4 | 53.2 | 19.0 |
OPERATING INCOME | | | 71.0 | 98.6 | 111.7 | 110.1 | 83.1 | 44.0 |
Operating margin | | | 31.9% | 44.9% | 52.3% | 53.6% | 42.3% | 23.3% |
|
OTHER INCOME AND EXPENSES | | | | | | | | |
Other income, net | | | 0.3 | 0.1 | -0.2 | -0.3 | -0.4 | -0.2 |
(Loss) earnings from unconsolidated joint ventures | | | -1.3 | 2.2 | | | 2.4 | 2.1 |
Interest expense | | | -17.1 | -17.6 | | | -38.5 | -39.3 |
INCOME BEFORE TAX | | | 12.9 | 43.2 | | | 46.7 | 6.5 |
Income tax provision | | | -0.1 | -0.1 | -0.1 | -0.3 | 0.0 | 0.0 |
NET INCOME | | | 12.8 | 43.1 | | | 46.7 | 6.5 |
Net income attributable to noncontrolling partner interest | | | -0.3 | -1.0 | | | -1.1 | -0.1 |
NET INCOME ATTRIBUTABLE TO RPT | | | 12.6 | 42.2 | | | 45.6 | 6.3 |
Preferred share dividends | | | -6.7 | -6.7 | -6.7 | -6.7 | -6.7 | -6.7 |
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS | | | 21.2 | 50.8 | 61.9 | 66.6 | 38.9 | -0.4 |
|
(LOSS) EARNINGS PER COMMON SHARE | | | | | | | | |
Basic (in usd per share) | | | $0.25 | $0.62 | $0.76 | $0.83 | $0.48 | ($0.01) |
Diluted (in usd per share) | | | $0.26 | $0.61 | $0.75 | $0.80 | $0.46 | ($0.01) |
|
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | | | | | | | | |
Basic (in shares) | | | 82.4 | 81.4 | 80.4 | 80.2 | 80.1 | 80.0 |
Diluted (in shares) | | | 85.5 | 86.3 | 85.2 | 84.6 | 82.4 | 80.3 |
|
Cash Dividend Declared per Common Share (in usd per share) | | | $0.26 | $0.21 | | | $0.15 | $0.08 |
|
OTHER COMPREHENSIVE INCOME | | | | | | | | |
Net income | | | 12.8 | 43.1 | | | 46.7 | 6.5 |
|
Other comprehensive gain: | | | | | | | | |
|
Comprehensive income | | | | | | | | |
Comprehensive income attributable to noncontrolling interest | | | | | | | | |
COMPREHENSIVE INCOME ATTRIBUTABLE TO RPT | | | 29.1 | 53.5 | | | 55.2 | 14.7 |