RPT Realty (RPT)
US74971D1019 - REIT
We assign a fundamental rating of 3 out of 10 to RPT. RPT was compared to 126 industry peers in the Diversified REITs industry. While RPT is still in line with the averages on profitability rating, there are concerns on its financial health. RPT does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year RPT was profitable.
RPT had a positive operating cash flow in the past year.
RPT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years RPT had a positive operating cash flow.
1.2 Ratios
RPT's Return On Assets of 2.42% is fine compared to the rest of the industry. RPT outperforms 71.09% of its industry peers.
RPT has a Return On Equity of 5.01%. This is in the better half of the industry: RPT outperforms 70.31% of its industry peers.
RPT has a worse Return On Invested Capital (1.32%) than 77.34% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RPT is in line with the industry average of 2.95%.
The last Return On Invested Capital (1.32%) for RPT is above the 3 year average (1.20%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.42% | ||
| ROE | 5.01% | ||
| ROIC | 1.32% |
ROA(3y)2.09%
ROA(5y)2.24%
ROE(3y)4.26%
ROE(5y)4.85%
ROIC(3y)1.2%
ROIC(5y)1.64%
1.3 Margins
Looking at the Profit Margin, with a value of 22.03%, RPT is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Profit Margin of RPT has grown nicely.
RPT has a Operating Margin of 14.50%. This is in the lower half of the industry: RPT underperforms 67.19% of its industry peers.
In the last couple of years the Operating Margin of RPT has declined.
RPT has a Gross Margin (68.94%) which is comparable to the rest of the industry.
RPT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.5% | ||
| PM (TTM) | 22.03% | ||
| GM | 68.94% |
OM growth 3Y-11.56%
OM growth 5Y-7.74%
PM growth 3Y-0.85%
PM growth 5Y8.49%
GM growth 3Y-0.02%
GM growth 5Y-0.53%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), RPT is destroying value.
Compared to 1 year ago, RPT has more shares outstanding
RPT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, RPT has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.46, we must say that RPT is in the distress zone and has some risk of bankruptcy.
RPT has a Altman-Z score of 0.46. This is in the lower half of the industry: RPT underperforms 60.94% of its industry peers.
RPT has a debt to FCF ratio of 16.89. This is a negative value and a sign of low solvency as RPT would need 16.89 years to pay back of all of its debts.
The Debt to FCF ratio of RPT (16.89) is better than 74.22% of its industry peers.
A Debt/Equity ratio of 0.92 indicates that RPT is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.92, RPT is in line with its industry, outperforming 59.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.92 | ||
| Debt/FCF | 16.89 | ||
| Altman-Z | 0.46 |
ROIC/WACC0.18
WACC7.16%
2.3 Liquidity
A Current Ratio of 0.26 indicates that RPT may have some problems paying its short term obligations.
RPT has a Current ratio of 0.26. This is amonst the worse of the industry: RPT underperforms 92.97% of its industry peers.
RPT has a Quick Ratio of 0.26. This is a bad value and indicates that RPT is not financially healthy enough and could expect problems in meeting its short term obligations.
RPT's Quick ratio of 0.26 is on the low side compared to the rest of the industry. RPT is outperformed by 92.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 155.00% over the past year.
RPT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.95% yearly.
Looking at the last year, RPT shows a very negative growth in Revenue. The Revenue has decreased by -24.61% in the last year.
RPT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.87% yearly.
EPS 1Y (TTM)155%
EPS 3Y-4.54%
EPS 5Y0.95%
EPS growth Q2Q-169.23%
Revenue 1Y (TTM)-24.61%
Revenue growth 3Y-2.4%
Revenue growth 5Y-3.87%
Revenue growth Q2Q0.29%
3.2 Future
The Earnings Per Share is expected to decrease by -28.03% on average over the next years. This is quite bad
The Revenue is expected to grow by 2.98% on average over the next years.
EPS Next Y-112.77%
EPS Next 2Y-44.47%
EPS Next 3Y-28.03%
EPS Next 5YN/A
Revenue Next Year-6.45%
Revenue Next 2Y-1.25%
Revenue Next 3Y1.42%
Revenue Next 5Y2.98%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 25.16, which means the current valuation is very expensive for RPT.
70.31% of the companies in the same industry are more expensive than RPT, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of RPT to the average of the S&P500 Index (25.20), we can say RPT is valued inline with the index average.
RPT is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.16 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RPT is valued a bit more expensive than the industry average as 77.34% of the companies are valued more cheaply.
71.09% of the companies in the same industry are more expensive than RPT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.89 | ||
| EV/EBITDA | 18.29 |
4.3 Compensation for Growth
RPT's earnings are expected to decrease with -28.03% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)26.6
EPS Next 2Y-44.47%
EPS Next 3Y-28.03%
5. Dividend
5.1 Amount
RPT has a Yearly Dividend Yield of 4.36%, which is a nice return.
RPT's Dividend Yield is comparable with the industry average which is at 6.12.
RPT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
5.2 History
The dividend of RPT decreases each year by -9.50%.
RPT has paid a dividend for at least 10 years, which is a reliable track record.
RPT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-9.5%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
RPT pays out 117.33% of its income as dividend. This is not a sustainable payout ratio.
RPT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP117.33%
EPS Next 2Y-44.47%
EPS Next 3Y-28.03%
RPT Realty
NYSE:RPT (12/29/2023, 7:04:00 PM)
After market: 12.84 +0.01 (+0.08%)12.83
-0.33 (-2.51%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.10B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.16 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)26.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.42% | ||
| ROE | 5.01% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.5% | ||
| PM (TTM) | 22.03% | ||
| GM | 68.94% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.92 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)155%
EPS 3Y-4.54%
EPS 5Y
EPS growth Q2Q
EPS Next Y-112.77%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-24.61%
Revenue growth 3Y-2.4%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y