Ramco-Gershenson Properties Trust (NYSE:RPT)

CAPS Rating: 4 out of 5

The Company is a real estate investment trust engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers, regional malls and single tenant retail properties.

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Member Avatar Drew2142 (98.91) Submitted: 12/21/2010 8:46:48 AM : Outperform Start Price: $6.57 RPT Score: +70.65

real estate, real estate.....oh how i love me some real estate. Ramco owns some very large shopping centers. in those centers they have anchor stores. Most of their anchor stores are places like Home Depot. Home Depot tends to sign long leases in exchange for cheap rent. Long leases mean somewhat stable predictions. Home Depot at cheap rental rates means only one thing: they're going to stay there. if they're going to stay there, guess what? All the little companies around them want to be there. Those guys will and do pay through the nose for it. Most of them went out of business these last two years. But Home Depot did not. That means there are vacancies next to Home Depot....and a new group of little businesses that want to and will pay through the nose to be next to Home Depot. Thank You RPT. And thank you Michigan Economy for being so horrible that people have no choice but to start their own businesses and pay through the nose to be next to Home Depot.

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Member Avatar dragonLZ (99.35) Submitted: 10/16/2010 11:12:21 PM : Outperform Start Price: $9.37 RPT Score: +13.50

Ramco-Gershenson Properties Trust (RPT) is a real estate investment trust engaged in the business of owning, developing, acquiring, managing and leasing community shopping centers, regional malls and single tenant retail properties.

RPT fits my three-ten criteria.
Looking at RPT's chart, it kinda scares me that RPT is only 11% off its 52W high, and that it didn't have a severe correction ever since it started going up in January of 2009.
Having said that, it's also very surprising to me that RPT is only 120% up since its January 2009 low.
That gives me a lot of hope that there still is a lot of gas left in RPT's tank.
And of course, I also trust my 3-10.

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Member Avatar Timbofittz88 (75.57) Submitted: 3/16/2010 7:32:31 PM : Outperform Start Price: $8.74 RPT Score: +25.73

I am LOVING REIT's right now!

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Member Avatar hallen52 (< 20) Submitted: 12/13/2009 4:17:01 PM : Outperform Start Price: $7.21 RPT Score: +61.23

This company is a class act. Very sharp management. My company worked for them years back, they were tough but fair. Added bonus; I'm getting a nice check for my shares first of the year. Take a minute, go thru your portfolio, how many checks are you getting? What return if any is it? There is something special about dividends that keep coming and hopely grow while I wait for the fair value of this stock.

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Member Avatar kevinottofro (97.93) Submitted: 10/25/2009 9:26:40 AM : Outperform Start Price: $6.30 RPT Score: +90.30

ow relative PE, good chart, star ratings & 2010 earnings. Bottom fishing week of 10/26.

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Member Avatar hawktfpsr48 (< 20) Submitted: 7/2/2009 2:56:15 PM : Outperform Start Price: $7.17 RPT Score: +15.90

TIME TO BUY COM PROPERTY...MALLS.....LOW
PRICE....

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Member Avatar TheGarcipian (34.44) Submitted: 6/23/2007 12:52:17 AM : Outperform Start Price: $22.03 RPT Score: -64.64

This is a hard call. I'm no fan of REITs going into the typical Summer sell-off, and particularly after the previous years of stellar returns. But this is a REIT that dwells primarily in shopping centers mostly located in Michigan (Troy, Flint, Southfield, Detroit), and Florida (Clearwater, Jacksonville, Cocoa Beach), with a smattering of others in OH, MD, NJ, TN, SC, NC and GA. It has a portfolio of 84 centers currently (about 19M sq.ft.). According to their website: "We constantly review the performance and market position of our shopping centers', looking for ways to improve the tenant mix and respond to changing retail trends. These efforts not only improve our property's value, but also ensure that our centers' are attractive, well-tenanted and properly maintained."

Profit & operating margins are very good (at 34.8% & 39.3%), RoA=2.6%, RoE=17.2%, with a decent Price/Sales ratio of 4.19. Its Debt/Equity of 203% is the lowest of its competitors (avg=400%-500% for such REITs). Of concern to me is that insiders own less than 3%, and that RPT may follow suit with CBL, GGP, and SPG in falling out of favor with Mr. Market. But RPT is also tiny (in market cap) to its competitors, and hopefully can move faster.

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