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Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUE        
Minimum rent $ 37,054 $ 31,946 $ 73,321 $ 56,234
Percentage rent 5 20 153 115
Recovery income from tenants 11,857 9,772 24,104 18,000
Other property income 578 491 1,539 1,014
Management and other fee income 436 473 946 1,277
TOTAL REVENUE 49,930 42,702 100,063 76,640
EXPENSES        
Real estate taxes 7,347 5,769 14,714 10,334
Recoverable operating expense 5,739 4,709 11,898 8,838
Other non-recoverable operating expense 835 730 1,684 1,467
Depreciation and amortization 23,658 14,551 41,399 25,328
General and administrative expense 5,619 5,634 11,233 11,134
TOTAL EXPENSES 43,198 31,393 80,928 57,101
OPERATING INCOME 6,732 11,309 19,135 19,539
OTHER INCOME AND EXPENSES        
Other expense, net (239) (180) (372) (316)
Gain on sale of real estate 2,672 332 2,672 3,914
Earnings (loss) from unconsolidated joint ventures 816 260 (791) (5,414)
Interest expense (7,632) (7,296) (15,231) (13,369)
Amortization of deferred financing fees (370) (346) (773) (687)
Deferred gain recognized on real estate 0 0 117 5,282
Loss on extinguishment of debt (860) 0 (860) 0
INCOME FROM CONTINUING OPERATIONS BEFORE TAX 1,119 4,079 3,897 8,949
Income tax benefit (provision) 1 13 (16) (30)
INCOME FROM CONTINUING OPERATIONS 1,120 4,092 3,881 8,919
DISCONTINUED OPERATIONS        
Gain on sale of real estate 0 1,537 0 1,537
Income from discontinued operations 0 153 0 600
INCOME FROM DISCONTINUED OPERATIONS 0 1,690 0 2,137
NET INCOME 1,120 5,782 3,881 11,056
Net income attributable to noncontrolling partner interest (34) (208) (123) (433)
NET INCOME ATTRIBUTABLE TO RPT 1,086 5,574 3,758 10,623
Preferred share dividends (1,813) (1,813) (3,625) (3,625)
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS (727) 3,761 133 6,998
(LOSS) EARNINGS PER COMMON SHARE, BASIC        
Continuing operations (in usd per share) $ (0.01) $ 0.03 $ 0.00 $ 0.08
Discontinued operations (in usd per share) $ 0.00 $ 0.03 $ 0.00 $ 0.04
Net (loss) income available to common shareholders (in usd per share) $ (0.01) $ 0.06 $ 0.00 $ 0.12
(LOSS) EARNINGS PER COMMON SHARE, DILUTED        
Continuing operations (in usd per share) $ (0.01) $ 0.03 $ 0.00 $ 0.08
Discontinued operations (in usd per share) $ 0.00 $ 0.03 $ 0.00 $ 0.04
Net income (loss) available to common shareholders (in usd per share) $ (0.01) $ 0.06 $ 0.00 $ 0.12
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 68,853 59,911 67,966 55,867
Diluted (in shares) 69,097 60,319 68,209 56,277
OTHER COMPREHENSIVE (LOSS) INCOME        
Net income 1,120 5,782 3,881 11,056
Other comprehensive (loss) income:        
(Loss) gain on interest rate swaps (1,377) 4,118 (2,076) 4,676
Comprehensive (loss) income (257) 9,900 1,805 15,732
Comprehensive loss (income) attributable to noncontrolling interest 44 (147) 67 (171)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RPT $ (213) $ 9,753 $ 1,872 $ 15,561