Retail Properties of America, Inc. is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of September 30, 2020, the Company owned 102 retail operating properties in the United States representing 20.0 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.rpai.com.

Performance Details

Previous trading day’s Close
$8.40
Current high for the day
$9.37
Current low for the day
$9.00
Day's Volume
1.00
30 days average volume
1.49
Market Cap
$2.38 bil
52-week high
$13.38
52-week low
$2.87
Last paid dividend value
$0.06
Dividend Yield
2.80%
Previous quarter FFO
$228.53mil

Last updated: Jan. 22 2021

Nareit Coverage

Names to Note: July/August 2018

Sarah Borchersen-Keto

Portrait of Sarah Borchersen-Keto

Sarah Borchersen-Keto is Nareit’s editorial director and writes extensively for Nareit’s website and award-winning magazine, REIT: Real Estate Investment Today, and Nareit's website.

Names to Note: July/August 2018

People making news in the REIT and publicly traded real estate industry.

American Homes 4 Rent (NYSEMKT: AMH) named Christopher Lau, executive vice president– finance, to succeed Diana Laing as CFO. Laing said she would leave the company to pursue other interests.

Broadstone Net Lease, Inc. announced the addition of Greg Lang and Sean Hostert, each as vice president, acquisitions of the company’s commercial division. Lang and Hostert will cultivate new relationships with brokers and prospective sellers, and identify, analyze, and acquire single tenant commercial real estate opportunities.

Condor Hospitality Trust, Inc. (NYSE: CDOR) announced that Jeffrey Dougan, senior vice president and COO, resigned in April and accepted a position as the CEO of a Boston-based hospitality management company.

Digital Realty (NYSE: DLR) said Scott Peterson has stepped down as CIO and will assist with the transition process on a consulting arrangement through February 2019.

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) said William Clifford, CFO, will retire after 17 years with the company and its predecessor, Penn National Gaming, Inc. Clifford’s retirement will be effective August 31.

InvenTrust Properties Corp. appointed Ivy Greaner to the newly created role of COO. She most recently served as regional vice president of FivePoint, where she oversaw all operational aspects of the company’s Northern California region, including the commercial strategy.

Mack-Cali Realty Corp. (NYSE: CLI) announced that vice chairman and former CEO Mitchell Rudin has left the company to pursue other opportunities.

OUTFRONT Media Inc. (NYSE: OUT) appointed Matthew Siegel as executive vice president and CFO. Siegel most recently served as executive vice president and CFO of CBS Radio Inc. and previously held senior finance positions at Time Warner Cable Inc. and Time Warner Inc. He replaces Donald Shassian, who has retired.

RAMCO (NYSE: RPT) selected Brian Harper as president and CEO. Harper succeeds Dennis Gershenson, who assumes the position of chairman. Harper most recently served as CEO of Rouse Properties. In addition, the company named Michael Fitzmaurice as executive vice president, CFO and secretary. Fitzmaurice was most recently senior vice president of finance with Retail Properties of America.

Retail Properties of America (NYSE: RPAI) appointed Shane Garrison as its president and COO. Garrison previously served as the company’s executive vice president, CIO and COO. Following Garrison’s appointment, Steven Grimes, who served as president and CEO, will continue to serve as CEO.

Effective Oct. 1, 2018, Brian McDade will succeed Andrew Juster, who is retiring, as executive vice president and CFO of Simon Property Group (NYSE: SPG). McDade has been with Simon for more than 14 years and has served as Simon’s senior vice president and treasurer since 2014. 

Former Nareit Chair W. Edward Walter has been named the new global CEO of the Urban Land Institute. Walter was most recently the Steers Chair in Real Estate at Georgetown University’s McDonough School of Business. From 2007 through 2016, he served as president and CEO of Host Hotels and Resorts (NYSE: HST).

Lisa Morrison has been promoted to executive vice president, leasing, at Tanger Factory Outlet Centers, Inc. (NYSE: SKT), and CFO James Williams has been promoted to executive vice president.

VICI Properties (NYSE: VICI) named Gabriel Wasserman its new chief accounting officer, succeeding Kenneth Kuick. He was most recently controller for Blackstone Mortgage Trust (NYSE: BXMT).

Corporate Information

Nareit member since
2006
Address

2021 Spring Road
Suite 200
Oak Brook, IL 60523
United States

Company Contacts
Steven P. Grimes
CEO
Matthew Beverly, Shane C. Garrison
President
Julie M. Swinehart
CFO
Michael Fitzmaurice, Michael Gaiden
Investor Relations