RPT Realty (RPT) [Rocket]

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
Total revenues [+]	213.5	191.7	234.1	260.6	260.6	265.1	260.9	251.8
Tenant reimbursements								61.6
Lease / rental						260.3		183.2
Other real estate								4.7
Revenue growth	11.4%	-18.1%	-10.2%	-1.7%		1.6%	3.6%	15.3%
Cost of goods sold [+]	42.8	42.0	46.3	49.6	75.8	50.7	45.3	73.6
Real estate taxes and insurance	32.8	33.1	36.0	42.3		42.7	41.7	38.7
Real estate or leased property costs								30.6
Other direct costs	10.0	9.0	10.3	7.3		8.0	3.6	4.3
Gross profit	170.7	149.7	187.8	211.0	184.9	214.4	215.6	178.2
Gross margin	79.9%	78.1%	80.2%	81.0%	70.9%	80.9%	82.6%	70.8%
Selling, general and administrative [+]	32.3	23.1	29.9	31.4	31.4	22.6	22.0	20.1
General and administrative [+]	32.3	23.1	29.9	31.4	31.4	22.6	22.0	20.1
General and administrative expenses					31.4		22.0	20.1
Insurance expense		-2.7	2.3
Equity in earnings	4.0	1.6	0.6	0.6		0.3	0.5	17.7
Other operating expenses	-63.5	21.6	-56.6	26.2		27.7	29.6
EBITDA [+]	205.8	106.6	215.1	154.1	153.5	164.4	164.4	175.8
EBITDA growth	93.0%	-50.4%	39.6%	-6.3%		0.0%	-6.5%	30.9%
EBITDA margin	96.4%	55.6%	91.9%	59.1%	58.9%	62.0%	63.0%	69.8%
Depreciation	71.1	76.5	77.8	85.7	87.3	89.3	89.3	86.3
EBITA	134.7	30.1	137.3	68.3	66.1	75.1	75.2	89.5
EBITA margin	63.1%	15.7%	58.6%	26.2%	25.4%	28.3%	28.8%	35.5%
Amortization of intangibles	1.2	0.7	0.8	1.6		2.0	2.5	3.1
EBIT [+]	133.5	29.4	136.5	66.7	66.1	73.1	72.7	86.4
EBIT growth	354.4%	-78.5%	104.5%	-8.7%		0.6%	-15.9%	62.4%
EBIT margin	62.6%	15.3%	58.3%	25.6%	25.4%	27.6%	27.8%	34.3%
Non-recurring items [+]	17.8	0.8		13.9	13.9	9.4	1.3	3.2
Asset impairment	17.2	0.6		13.7	13.7	9.4	1.0	2.5
Interest expense	37.0	39.3	40.1	43.4	43.4	44.9	44.5	42.2
Interest expense	37.0	39.3	40.1	43.4	43.4	44.9	44.5	42.2
Other income (expense), net [+]	-8.5	0.2	-2.5	8.8	9.4	52.1	34.6	26.3
Gain (loss) on debt retirement	-8.3		-2.6	-0.1	-0.1		-1.3	1.4
Extraordinary gain			0.2	5.2			0.2	7.9
Other	-0.2	0.2	-0.2	-0.2		-0.7	-0.2	-0.6
Pre-tax income	70.2	-10.5	93.9	18.2	18.2	70.9	61.4	67.2
Income taxes	-0.1	0.0	0.2	0.2	0.2	0.1	0.3	0.3
Tax rate		0.2%	0.2%	1.1%	1.1%	0.2%	0.5%	0.5%
Minority interest	1.6	-0.2	2.2	0.4		1.7	1.4	1.8
Net income	61.9	-16.9	84.8	10.9	10.9	62.4	53.0	57.8
Net margin	29.0%	-8.8%	36.2%	4.2%	4.2%	23.5%	20.3%	22.9%

Basic EPS [+]	$0.76	($0.21)	$1.06	$0.14	$0.14	$0.79	$0.67	$0.73
Growth	-460.9%	-119.9%	674.7%	-82.5%		17.6%	-8.8%	-649.6%
Diluted EPS [+]	$0.75	($0.21)	$0.97	$0.14	$0.14	$0.78	$0.67	$0.73
Growth	-455.5%	-121.9%	609.2%	-82.6%		17.6%	-8.8%	-648.3%

Dividends per share [+]	$0.39	$0.22	$0.88	$0.88		$0.88	$0.86	$0.82
Growth	77.3%	-75.0%	0.0%	0.0%		2.3%	4.9%	5.8%

Shares outstanding (basic) [+]	81.1	80.0	79.8	79.6	79.6	79.3	79.2	78.8
Growth	1.4%	0.2%	0.3%	0.3%		0.1%	0.5%	9.3%
Shares outstanding (diluted) [+]	82.3	80.0	87.7	80.1	80.1	79.5	79.4	79.0
Growth	2.9%	-8.8%	9.5%	0.7%		0.1%	0.5%	9.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.