Ramco-Gershenson Properties Trust Announces Third Quarter 2009 Common Share Dividend

• Press Release
• Source: Ramco-Gershenson Properties Trust
• On 1:57 pm EDT, Friday September 11, 2009

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Ramco-Gershenson Properties Trust (NYSE:RPT - News) announced today that its Board of Trustees has declared a third quarter 2009 common share dividend of $0.16325 for the period of July 1, 2009 through September 30, 2009, which is a reduction from the previous quarterly dividend of $0.2313 per common share. The third quarter dividend takes into account the increased number of shares to be issued as part of the Company’s common share equity offering announced on September 8, 2009. The Company’s policy is to pay aggregate annual dividends in 2009 in an amount generally equal to its annual taxable income, and the Company expects to pay all 2009 dividend payments in cash.

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Symbol	Price	Change
RPT	9.20	+0.02

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The third quarter common share dividend is payable on October 1, 2009 to shareholders of record on September 20, 2009.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust, headquartered in Farmington Hills, Michigan, is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT), which owns, develops, acquires, manages and leases community shopping centers, regional malls and single tenant retail properties, nationally. The Trust owns interests in 88 shopping centers totaling approximately 19.3 million square feet of gross leasable area in Michigan, Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia, South Carolina, North Carolina, Maryland and Illinois. For additional information regarding Ramco-Gershenson Properties Trust visit the Trust’s website at www.rgpt.com.

This press release contains forward-looking statements with respect to the expected annual dividend rate. Management of Ramco-Gershenson believes the expectations reflected in the forward-looking statements made in this press release are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary, including the ongoing U.S. recession, the existing global credit and financial crisis and other changes in general economic and real estate conditions, changes in the interest rate environment and the availability of financing, adverse changes in the retail industry, our continuing to qualify as a REIT and other factors discussed in the Trust's reports filed with the Securities and Exchange Commission.

Ramco-Gershenson Properties Trust
Dawn Hendershot, Director of Investor Relations and Corporate Communications
(248) 592-6202