LONDON, UK / ACCESSWIRE / June 22, 2018 / Active-Investors has a free review on Retail Properties of America, Inc. (NYSE: RPAI) ("RPAI") following the Company's announcement that it will begin trading ex-dividend on June 25, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on June 22, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on RPAI:
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On April 24, 2018, RPAI announced that it declared the second quarter dividend for its outstanding Class A common stock. The dividend of $0.165625 per common share will be paid on July 10, 2018, to Class A common stockholders of record on June 26, 2018.
RPAI's indicated dividend represents a yield of 5.28%, which is substantially higher than the average dividend yield of 3.07% for the financial sector.
RPAI has a dividend payout ratio of 65.6%, which denotes that the Company distributes approximately $0.66 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, RPAI is forecasted to report earnings of $0.23 for the upcoming year compared to the Company's annualized dividend of $0.66. One of the primary reasons for the difference between earnings and the annualized dividend is that RPAI is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.
Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, RPAI's net income attributable to common shareholders was $41.8 million, or $0.19 per diluted share, in Q1 2018 compared to net loss attributable to common shareholders of $11.5 million, or $0.05 per diluted share, for Q1 2017.
On the other hand, the Company's FFO attributable to common shareholders was $55.0 million, or $0.25 per diluted share, compared to $0.5 million, or $0.00 per diluted share, for Q1 2017. The FFO number indicates that the Company should be able to comfortably cover its dividend payout.
Recent Development for RPAI
On June 01, 2018, RPAI announced that the Company has closed on the disposition of Schaumburg Towers, its one remaining office complex, for a gross sales price of $86.6 million.
About Retail Properties of America, Inc.
RPAI is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of March 31, 2018, the Company owned 106 retail operating properties representing 19.5 million square feet.
Stock Performance Snapshot
June 21, 2018 - At Thursday's closing bell, Retail Properties of America's stock rose 1.17%, ending the trading session at $13.01.
Volume traded for the day: 1.20 million shares.
Stock performance in the last month – up 12.16%; previous three-month period – up 12.93%; and past twelve-month period – up 9.97%
After yesterday's close, Retail Properties of America's market cap was at $2.85 billion.
Price to Earnings (P/E) ratio was at 10.20.
The stock has a dividend yield of 5.07%.
The stock is part of the Financial sector, categorized under the REIT - Retail industry.
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