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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUE      
TOTAL REVENUE $ 191,712 $ 234,088 $ 260,622
EXPENSES      
Real estate taxes 33,086 35,961 42,306
Recoverable operating expense 21,915 25,256 26,177
Other non-recoverable operating expense 8,962 10,292 7,286
Depreciation and amortization 77,213 78,647 87,327
Transaction costs 186 0 233
General and administrative expense 25,801 27,634 31,383
Provision for impairment 598 0 13,650
Insured expenses, net (2,745) 2,276 0
TOTAL EXPENSES 165,016 180,066 208,362
OPERATING INCOME 26,696 54,022 52,260
OTHER INCOME AND EXPENSES      
Other income (expense), net 214 (203) (244)
Gain on sale of real estate 318 81,856 3,994
Earnings from unconsolidated joint ventures 1,590 581 589
Interest expense (39,317) (40,057) (43,439)
Other gain on unconsolidated joint ventures 0 237 5,208
Loss on extinguishment of debt 0 (2,571) (134)
NET (LOSS) INCOME BEFORE TAX (10,499) 93,865 18,234
Income tax benefit (provision) 25 (179) (198)
NET (LOSS) INCOME (10,474) 93,686 18,036
Net loss (income) attributable to noncontrolling interest 241 (2,175) (417)
NET (LOSS) INCOME ATTRIBUTABLE TO RPT (10,233) 91,511 17,619
Preferred share dividends (6,701) (6,701) (6,701)
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS $ (16,934) $ 84,810 $ 10,918
(LOSS) EARNINGS PER COMMON SHARE      
Basic (in dollars per share) $ (0.21) $ 1.06 $ 0.13
Diluted (in dollars per share) $ (0.21) $ 1.04 $ 0.13
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING      
Basic (in shares) 79,998 79,802 79,592
Diluted (in shares) 79,998 87,722 80,088
Other comprehensive (loss) gain:      
(Loss) gain on interest rate swaps $ (16,330) $ (2,253)  
(Loss) gain on interest rate swaps     $ 1,190
Comprehensive (loss) income (26,804) 91,433 19,226
Comprehensive loss (income) attributable to noncontrolling interest 620 (2,123) (445)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RPT (26,184) 89,310 18,781
Rental income      
REVENUE      
TOTAL REVENUE 187,151 229,588 256,531
Other property income      
REVENUE      
TOTAL REVENUE 3,166 4,270 3,837
Management and other fee income      
REVENUE      
TOTAL REVENUE $ 1,395 $ 230 $ 254