XML 71 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Income producing properties, at cost:    
Land $ 331,265 $ 331,265
Buildings and improvements 1,486,031 1,486,838
Less accumulated depreciation and amortization (360,220) (352,006)
Income producing properties, net 1,457,076 1,466,097
Construction in progress and land available for development 40,099 42,279
Net real estate 1,497,175 1,508,376
Equity investments in unconsolidated joint ventures 130,602 130,321
Cash and cash equivalents 320,596 110,259
Restricted cash and escrows 2,248 4,293
Accounts receivable (net of allowance for doubtful accounts of $1,490 and $1,037 as of March 31, 2020 and December 31, 2019, respectively) 23,202 24,974
Acquired lease intangibles, net 31,653 34,278
Operating lease right-of-use assets 19,064 19,222
Other assets, net 82,130 86,836
TOTAL ASSETS 2,106,670 1,918,559
LIABILITIES AND SHAREHOLDERS' EQUITY    
Notes payable, net 1,155,176 930,808
Finance lease obligation 926 926
Accounts payable and accrued expenses 41,826 55,360
Distributions payable 19,853 19,792
Acquired lease intangibles, net 37,650 38,898
Operating lease liabilities 18,092 18,181
Other liabilities 21,311 6,339
TOTAL LIABILITIES 1,294,834 1,070,304
Commitments and Contingencies
RPT Realty ("RPT") Shareholders' Equity:    
Preferred shares of beneficial interest, $0.01 par, 2,000 shares authorized: 7.25% Series D Cumulative Convertible Perpetual Preferred Shares, (stated at liquidation preference $50 per share), 1,849 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 92,427 92,427
Common shares of beneficial interest, $0.01 par, 240,000 and 120,000 shares authorized as of March 31, 2020 and December 31, 2019, respectively, and 79,969 and 79,850 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 800 798
Additional paid-in capital 1,169,929 1,169,557
Accumulated distributions in excess of net income (455,431) (436,361)
Accumulated other comprehensive (loss) income (15,091) 1,819
TOTAL SHAREHOLDERS' EQUITY ATTRIBUTABLE TO RPT 792,634 828,240
Noncontrolling interest 19,202 20,015
TOTAL SHAREHOLDERS' EQUITY 811,836 848,255
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,106,670 $ 1,918,559