INVESTOR PRESENTATION Fall 2015 MISSION STATEMENT AND GUIDING - - PowerPoint PPT Presentation

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INVESTOR PRESENTATION Fall 2015 MISSION STATEMENT AND GUIDING - - PowerPoint PPT Presentation

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INVESTOR PRESENTATION Fall 2015 MISSION STATEMENT AND GUIDING PRINCIPLES MISSION STATEMENT AND GUIDING PRINCIPLES Ramco-Gershenson Properties Trusts mission is to grow shareholder returns and generate sustainable dividends through

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INVESTOR PRESENTATION

Fall 2015

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NYSE: RPT

MISSION STATEMENT AND GUIDING PRINCIPLES MISSION STATEMENT AND GUIDING PRINCIPLES

Ramco-Gershenson Properties Trust’s mission is to grow shareholder returns and generate sustainable dividends through investments in large, multi-anchored, urban-oriented shopping centers primarily in the central United States that offer value and long-term growth potential. The Company is guided by the following principles:  Strong operating fundamentals.  Solid redevelopment pipeline to generate internal growth.  Prudent capital allocation.  Sound capital structure.

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CORPORATE OVERVIEW & STRATEGY

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 We invest in large, multi-anchored large, multi-anchored, urban-oriented , urban-oriented shopping centers tenanted by best-in-class retailers in the Country’s leading MSAs.  We are focused on growing growing NOI and NAV NOI and NAV through a streamlined-business plan.  We promote operating

  • perating excell

excellence ence that drives strong, consistent financial results to increase long-term value and further grow our dividend.  We manage a conservative capital structure conservative capital structure to maintain flexibility and liquidity through all economic cycles.

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NYSE: RPT

CORPORATE OVERVIEW AND STRATEGY CORPORATE OVERVIEW AND STRATEGY

79

PROPERTIES

95.3%

LEASED OCCUPANCY

$2.3 Billion

TOTAL MARKET CAPITALIZATION

$72.2 Million

VALUE-ADD PROJECTS

Note: As of June 30, 2015.

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FOCUSED ON 10 MAJOR METROPOLITAN MARKETS FOCUSED ON 10 MAJOR METROPOLITAN MARKETS

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NYSE: RPT

Location MSA Rank % of ABR Average Household Income

SE Michigan 14 24% $79,000 SE Florida 8 11% $60,000 Cincinnati 28 9% $77,000 Denver 21 8% $108,000

  • St. Louis

19 6% $98,000 Jacksonville 40 6% $64,000 Milwaukee 39 5% $79,000 Chicago 3 4% $92,000 Atlanta 9 4% $87,000 Minn.‐ St. Paul 16 3% $96,000 Total/Average 81% $84,000

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LARGE, LARGE, MARKET DOMINANT MARKET DOMINANT 445,000 Square Feet[1]; ABR psf of $15.85

RPT’s 20 Largest Centers = 50% of Total ABR

[1] Includes shadow anchors, without shadow anchors average size is 332,000 square feet.

FOCUSED ON LARGE, MULTI-ANCHORED CENTERS FOCUSED ON LARGE, MULTI-ANCHORED CENTERS

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NYSE: RPT

COMMUNITY CENTERS COMMUNITY CENTERS Average 7 Anchors per Center and over 100,000 Square Feet of Small Shop Space STRONG MARKETS STRONG MARKETS STABLE STABLE INCOME STREAM INCOME STREAM 86% National/Regional Tenants Average Household Income of $84,000 Average Population of 170,000 15 of RPT’s top 20 properties acquired within the last five years RECENTLY ACQUIRED RECENTLY ACQUIRED

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NYSE: RPT

METRIC MULTI-ANCHORED COMMUNITY SHOPPING CENTERS SCALE SCALE >35 Acres and >350,000 Square Feet CREDIT CREDIT QUALITY UALITY >75% of ABR from National and Regional Tenants ANCHOR EXPOSURE ANCHOR EXPOSURE Minimal Risk from Loss of a Single Anchor GROWTH GROWTH OPPORTUNITIES OPPORTUNITIES Expansion and Densification Opportunities MERCHANDISE MIX MERCHANDISE MIX Dynamic DRAW DRAW Regional

MULTI-ANCHORED CENTERS PROVIDE SIGNIFICANT MULTI-ANCHORED CENTERS PROVIDE SIGNIFICANT GROWTH OPPORTUNITIES AND A LOW RISK PROFILE GROWTH OPPORTUNITIES AND A LOW RISK PROFILE

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Recently acquired.

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NYSE: RPT

RPT’S 20 RPT’S 20 LARGEST LARGEST MARKET DOMINANT CENTERS BY RENT MARKET DOMINANT CENTERS BY RENT

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Recently acquired.

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NYSE: RPT

RPT’S 20 RPT’S 20 LARGEST LARGEST MARKET DOMINANT CENTERS BY RENT MARKET DOMINANT CENTERS BY RENT

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Recently acquired.

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NYSE: RPT

RPT’S 20 RPT’S 20 LARGEST LARGEST MARKET DOMINANT CENTERS BY RENT MARKET DOMINANT CENTERS BY RENT

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Recently acquired.

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NYSE: RPT

RPT’S 20 RPT’S 20 LARGEST LARGEST MARKET DOMINANT CENTERS BY RENT MARKET DOMINANT CENTERS BY RENT

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Recently acquired.

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NYSE: RPT

RPT’S 20 RPT’S 20 LARGEST LARGEST MARKET DOMINANT CENTERS BY RENT MARKET DOMINANT CENTERS BY RENT

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#11 #13 #15 #16

4.6% 2.6% 2.6% 1.8% 1.7% 1.7% 1.5% 1.5% 1.5%

  • 1. 4%

Best-in-Class Retailers Increasing Share in RPT’s Roster:

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NYSE: RPT

A PORTFOLIO A PORTFOLIO OF BEST-I OF BEST-IN-CLASS TENANTS

  • CLASS TENANTS

RPT’s Top 10 Tenant Line-up:

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El Electr ectronics cs & & Offi Office ce 6% Heal Health & th & Beau Beauty ty 4% Pet Store Pet Stores 3% Other her 5% True G ue Groc

  • cer

er 9% Home Home Improvement/F provement/Furniture urniture 12%

TENANT MIX – TENANT MIX – A CRITICAL ELEMENT OF SUCCESS CRITICAL ELEMENT OF SUCCESS

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NYSE: RPT

Ap Apparel parel & & Ac Accessories ssories 22% Restaurants staurants 14% Sports & Sports & Hobbies Hobbies 13% Service Service 13%

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5.5 YEARS O 5.5 YEARS OF INCREASIN INCREASING AVERAGE BASE RENTS G AVERAGE BASE RENTS

$9.88 $10.48 $10.74 $12.11 $12.87 $13.09

$9.70 $10.20 $10.70 $11.20 $11.70 $12.20 $12.70 $13.20

2010 2011 2012 2013 2014 2Q2015

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GROWT GROWTH IN AVERAG IN AVERAGE BASE RENTS REFLECTS A HIGHER BASE RENTS REFLECTS A HIGHER QUALITY PORTFO QUALITY PORTFOLIO LIO

NYSE: RPT

5.8% CAGR

Note: Wholly-owned portfolio.

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1.4% 3.3% 3.0% 3.3% 3.0% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 2011 2012 2013 2014 2015

5 5 YE YEARS OF SAM OF SAME-CE CENT NTER NOI NOI GROWT GROWTH

2015 Guidance Range 2.5%-3.0%

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NYSE: RPT

GENERAT GENERATING CONSISTENT SAME-CENTER NOI GROWTH IS NG CONSISTENT SAME-CENTER NOI GROWTH IS A KEY GOAL A KEY GOAL

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5 5 YEA YEARS OF INCREAS S OF INCREASING CORE FFO ING CORE FFO

$0.56 $0.80 $0.93 $1.06 $1.18

$0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20

2010 2011 2012 2013 2014

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AN EVER IMPROVING, AN EVER IMPROVING, HIGH-Q HIGH-QUALITY PORTFO UALITY PORTFOLIO HAS LIO HAS PRODUCED STRONG CORE FFO GROWTH PRODUCED STRONG CORE FFO GROWTH

NYSE: RPT

20.5% CAGR

Note: Core FFO is Operating FFO minus straight-line rent, above-below market rent, fee income, termination fees, land sales, and bargain purchase gains.

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FOUNDATIONS FOR FUTURE GROWTH

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FOUNDAT FOUNDATIONS FOR FUTURE GROWTH WILL DRIVE LONG- S FOR FUTURE GROWTH WILL DRIVE LONG- TERM SHAREHOLDER VALUE TERM SHAREHOLDER VALUE

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NYSE: RPT

#1 Streamlining #1 Streamlining the Portfolio the Portfolio

 Acquiring or selling interests in joint venture properties. Currently, only four JV properties in the portfolio.  Reducing exposure to non-core properties and markets. Currently, targeting $60 - $75 million in sales this year. Making progress on leasing sole office building to position for sale.  Monetizing unproductive land. Sold $18.5 million of land parcels thus far in 2015.  so so

#2 Ramping-Up Redevelopment #2 Ramping-Up Redevelopment

 Increased pipeline to $72 million from $51 million.  Increasing exposure to best-in-class retailers with addition of Nordstrom Rack, Dick’s Sporting Goods, Saks OFF 5TH, Stein Mart, and Ross Dress For Less.  Over 50% of the portfolio has the potential for value-add redevelopment activity in the next 2-3 years.

#1 STREAMLINING THE PORTFOLIO

FOUNDAT FOUNDATIONS S FOR FUTURE FOR FUTURE GROWT GROWTH

#3 STRENGTHENING THE ORGANIZATION #2 RAMPING-UP REDEVELOPMENT #4 INCREASING NAV

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#1 STREAMLINING THE PORTFOLIO

FOUNDAT FOUNDATIONS S FOR FUTURE FOR FUTURE GROWT GROWTH

#3 STRENGTHENING THE ORGANIZATION #2 RAMPING UP REDEVELOPMENT #4 INCREASING NAV

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NYSE: RPT

#3 #3 Strengthening Strengthening the Organization he Organization

 Enhanced C-suite by hiring new COO.  Divided portfolio into two regions to accelerate NAV growth.  Hired new leasing and development personnel.  Adopted four-point management philosophy.

#4 Incre #4 Increasi sing NAV ng NAV

 Driving rents at spreads of 6% – 9% while maintaining occupancy.  Allocating capital through newly-formed management investment committee.  Focused on increasing portfolio quality and sourcing capital though asset sales as opposed to issuing new equity.

FOUNDAT FOUNDATIONS FOR FUTURE GROWTH WILL DRIVE LONG- S FOR FUTURE GROWTH WILL DRIVE LONG- TERM SHAREHOLDER VALUE TERM SHAREHOLDER VALUE

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 Simplifies ownership and management structure.  Immediate value-add redevelopment opportunities at three of the centers.  Opportunity to drive below-market rents and lease-up vacancies, which can produce up to $1.3 million in new rents.  Contributes to market diversification.  Accretive use of capital. JOINT VENTURE ACQUISITION STRATEGY:

ACQUIRING CQUIRING OUR OUR PARTNERS’ PARTNERS’ INTEREST INTEREST IN IN CORE CORE SHOPPING CENTERS SHOPPING CENTERS

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NYSE: RPT

$185.9 Million

TOTAL COST

6.7%

INCREMENTAL CAP RATE

95.3%

LEASED

1.4 Million

TOTAL SQUARE FEET

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NYSE: RPT

FIVE YEARS OF CAPITAL RECY FIVE YEARS OF CAPITAL RECYCLYING HAS CONTRIBUTED CLYING HAS CONTRIBUTED TO A MORE STREAMLINED PORTFO TO A MORE STREAMLINED PORTFOLIO LIO

2010 PORTFOIO 2010 PORTFOIO CURRENT PORTF CURRENT PORTFOLIO LIO Total N tal Number mber of

  • f Properties
  • perties

90 78 78 Wholly-

  • lly-Owned

ned Properties

  • perties

58 74 74 Leased Rate Leased Rate 91.5% 95.3% 95.3% Aver erage age Anchors chors 2.5 per center 5 per 5 per center center TRANSFORMATIO TRANSFORMATION MARKE MARKER DISPOS DISPOSITIONS ITIONS ACQUISITIONS ACQUISITIONS Number mber of P

  • f Proper
  • perties

ties (including J ncluding JVs) s) 23 Shopping Centers 38 S 38 Shopping C

  • pping Centers

enters Owned Owned GLA GLA 2.9 million square feet 8.7 mi 8.7 million s llion squar uare e feet feet Aver erage R age Rent, ent, psf $10.19 $14.21 $14.21 Aver erage H age Household usehold Inc ncome

  • me

$61,000 $81,000 $81,000 Aver erage C age Center enter S Size ze 128,000 square feet 290,000 290,000 square feet square feet Total P tal Proceeds/Investment

  • ceeds/Investment

$176 million $1.3 billion $1.3 billion

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Property Location Estimated Project Costs

Harvest Junction North Longmont, CO $7.8 million Deer Grove Centre Palantine, IL $3.6 million Winchester Center Rochester Hills, MI $2.8 million Parkway Shops Phase II Jacksonville, FL $5.4 million Hunter’s Square Farmington Hills, MI $6.2 million Mission Bay Plaza Boca Raton, FL $10.3 million Spring Meadows Place Holland, OH $3.8 million The Shoppes at Fox River II Waukesha, WI $21.2 million Town & Country Crossing Town & Country, MO $3.8 million West Oaks Shopping Center Novi, MI $7.3 million TOTAL $72.2 million

Note: In-process projects will be completed over the next 12-24 months.

VALUE-ADD INVESTMENTS DRIVE QUALITY AND GROWTH VALUE-ADD INVESTMENTS DRIVE QUALITY AND GROWTH

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NYSE: RPT

10

ACTIVE PROJECTS

2016-2017

FULL-YEAR STABLIZATION

$72.2 Million

TOTAL COST

9%-10%

INCREMENTAL RETURN

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HUNT HUNTER’S SQUARE – R’S SQUARE – Farmington

ington Hills, MI lls, MI

  • Best-in-class, multi-anchored center.
  • Adding DSW and Saks OFF 5TH.
  • Impacting 55,000 square feet.
  • 10.5% ROI.

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NYSE: RPT

ADDING DDING QUALIT QUALITY AND AND NET NET ASSET ASSET VALUE VALUE THROUGH THROUGH MAJOR RE-ANCHORING PROJECTS MAJOR RE-ANCHORING PROJECTS

OPENING PENING SPRIN SPRING 2016 2016 OPENING PENING SPRIN SPRING 2016 2016

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MAJOR RE-ANCHORING - MAJOR RE-ANCHORING - HUNTER’S SQUARE HUNTER’S SQUARE

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NYSE: RPT

Note: Represents a 5-mile trade area.

RPT’s Hunte RPT’s Hunter’s ’s Square Square

Orch Orchard Lake d Lake Road Road Conve Converge gence of e of Northw Northweste tern rn High Highwa way and 14 y and 14 Mil Mile Road Road >114 114,00 ,000 Cars Cars

Str Strong ng Trad Trade Area Area: Popul Population >1 >166,000 66,000 Av Average age Ho Household I ehold Income come >$ >$10 107, 7,000 000 Pro Project ected ed Popul Population Gro Growth ~4% ~4%

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NYSE: RPT

ADDING DDING QUALIT QUALITY AND AND NET NET ASSET ASSET VALUE VALUE THROUGH THROUGH MAJOR EXPANSION PROJECTS MAJOR EXPANSION PROJECTS

OPENING PENING SPRIN SPRING 2016 2016

WEST WEST OAKS – OAKS – No

Novi, vi, MI

  • Expanding center-New

Nordstrom Rack, downsizing Gander Mountain, relocating David’s Bridal + future exciting new anchor tenant.

  • Impacting 120,000 square

feet.

  • 8.5% ROI.

TBA

OPENING PENING FALL FALL 2016 2016

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NYSE: RPT

Note: Represents a 5-mile trade area.

RPT’s W RPT’s West st Oaks Oaks

Twelve-Oaks elve-Oaks Super Regi Super Regional Mal Mall “The “The Mix Mixing Bowl Bowl” Conve Converge gence of e of I-96 I-96, I-69 I-696 , , & & I-27 I-275 >185 185,00 ,000 Cars Cars

Str Strong ng Trad Trade Area Area: Popul Population >1 >150,000 50,000 Av Average age Ho Household I ehold Income come >$ >$96,000 96,000 Pro Project ected ed Popul Population Gro Growth ~4% ~4%

MAJOR EXPANSION PROJECT – MAJOR EXPANSION PROJECT – WEST OAKS EST OAKS

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$322 Million

TOTAL INVESTMENT

1.5 Million

OWNED GLA

$15.96

AVERAGE RENT PER SQ. FT.

$80,000

TRADE AREA INCOME

Bridgewater Falls - Hamilton, OH Cincinnati #28 MSA

ABR: ABR: $8.6 million $19.61psf TOTAL GLA TOTAL GLA: 792,945 (Owned: 459,307) MAJO MAJOR TENANTS: R TENANTS: ABR: ABR: $6.1 million $22.08 psf TOTAL GLA TOTAL GLA: 317,603 (Owned 305,086) MAJO MAJOR TENANTS: R TENANTS: ABR: ABR: $6.6 million $13.97 psf TOTAL GLA TOTAL GLA: 627,202 (Owned 503,502)

MAJOR MAJOR TENANTS TENANTS:

ABR: ABR: $7.8 million $19.68 psf TOTAL GLA TOTAL GLA: 462,396 MAJO MAJOR TENANTS: R TENANTS:

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NYSE: RPT

SHADOW REDEVELOPMENT PIPELINE INCLUDES SHADOW REDEVELOPMENT PIPELINE INCLUDES OPPORTUNITIES AT 2013 AND 2014 ACQUISTIONS OPPORTUNITIES AT 2013 AND 2014 ACQUISTIONS

Deerfield Towne Center – Mason, OH Cincinnati #28 MSA Front Range Village – Fort Collins, CO Denver #21 MSA Woodbury Lakes – Woodbury, MN Minneapolis – St. Paul #16 MSA

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Store

2015 Openings Preferred Footprint (SF) TJX Companies 125 23,000 Panera Bread 115 4,500 Ross Dress For Less 100 25,000 ULTA Beauty 100 10,000 Dick’s Sporting Goods 75 50,000 Five Below 75 8,000 Charming Charlie 55 8,000 Whole Foods 40 45,000 Nordstrom Rack 35 35,000

Note: Per company information and/or public filings.

RETAI RETAILERS’ ACTIVE EXPANSI ERS’ ACTIVE EXPANSION PLANS SUPPO ON PLANS SUPPORT T REDEVELOPMENT ACTIVITY REDEVELOPMENT ACTIVITY

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NYSE: RPT

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ORGANIZING FOR GREATER OPERATIONAL SUCCESS ORGANIZING FOR GREATER OPERATIONAL SUCCESS

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NYSE: RPT Both regions have dedicated property management and leasing teams and are supported by other key roles to ensure long-term success at the properties. Divided the portfolio into two “ownership” regions to build greater efficiencies and generate faster financially-oriented decision making closer to the ground. Hired a proven COO with a track record of operating success.

John Hendrickson, COO

William Gershenson Managing Director Western Portfolio

Property Management Leasing

Michael McBride Managing Director Eastern Portfolio

Property Management Leasing

Financial Analysis Development Marketing Lease Admin

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1.

  • 1. Location

Location - The selection of the right market, trade area, and strategic intersection is essential in growing value over the long-term. 2.

  • 2. Merchandise Mix

Merchandise Mix - Promoting the optimum mix of best-in-class national tenants plus exciting regional and unique local retailers ensures our shopping center will be the destination of choice for consumers. 3.

  • 3. Place Making

Place Making - Creating inviting environments improve the overall shopping experience and will entice customers to stay longer. 4.

  • 4. Community First Events

Community First Events – Efficiently executed initiatives designed to drive foot traffic, promote community and customer loyalty, and provide an avenue for entertainment are being implemented, which will result in driving sales and rents.

FOUR-POINT MANAGEMENT PHILOSOPHY FOUR-POINT MANAGEMENT PHILOSOPHY

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NYSE: RPT

LOCATION TENANT MIX PLACE MAKING COMMUNITY FIRST

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CREATING INVITING ENVIRONMENTS IS AN IMPORTANT CREATING INVITING ENVIRONMENTS IS AN IMPORTANT ELEMENT IN IMPROVING CENTER QUALITY ELEMENT IN IMPROVING CENTER QUALITY

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NYSE: RPT PLACE MAKING O PLACE MAKING OPPO PPORTUNITIES: RTUNITIES:

  • Studies show that consumers shop more if given the
  • pportunity to rest and socialize in well-designed

common areas.

  • Our large shopping centers have significant parking

areas no longer required by local municipalities, which presents an opportunity for densification and beautification improvements.

  • A number of RPT’s future redevelopment projects will

include place making opportunities.

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  • RPT is committed to promoting the interests of society and its environment by thoughtfully

responding to the impact of the Company’s business activities.

  • Everyday thousands of people visit a Ramco property creating a significant impact on both the

social and environmental landscape. RPT’s A T’s Active E tive Environmental S vironmental Sust stainability Ini ainability Initiatives Inc iatives Include: ude:

  • Restoration, expansion and preservation of natural habitats including wetlands.
  • Installation of amenities friendly to mass transit including park-n-ride sites and bike paths.
  • Utilizing energy efficient LED lighting with automatic dusk to dawn timers.
  • Recycling milled asphalt for parking lot installation/improvement.
  • Reduction in the use of potable water for irrigation by capturing run-off water supplies and

rain sensor installation.

MANAGING FOR SUSTAINABILITY MANAGING FOR SUSTAINABILITY

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NYSE: RPT

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Our goal is to go beyond traditional marketing and integrate RPT’s high-quality shopping centers into each community they serve:  Build Consumer Loyalty Build Consumer Loyalty  Increase Traffic Increase Traffic  Grow Sales Grow Sales

  • 1. Programming caters to the tastes of each center’s specific trade area, provides

incentives for consumers to visit the center often, and are designed to increase sales resulting in rental growth as leases are renewed and/or exciting retail concepts compete to be part of the center’s tenant mix.

  • 2. Inducements to bring shoppers back to the center, such as frequent shopper reward

programs, are important elements of the program.

  • 3. Programs include partnerships with the local community, schools, and charities as a

means of upholding RPT’s corporate responsibility in the communities in which it

  • perates.
  • 4. The use of technology is essential as a means of growing interest, measuring activity

and impact, and creating efficiencies.

  • 5. Tenant contributions and sponsorships provide capital for programs.

COMMUNITY FIRST INITIATIVE COMMUNITY FIRST INITIATIVE

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NYSE: RPT

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CAPITAL MARKETS

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SLIDE 36

Senior Unsecured Debt (2018-2025) 20% Line of Credit (2019) 1% Mortgage Loans (due various dates) 15%

  • Jr. Subordinated

Notes (2028)/Capital Lease Obligation 1% 7.25% Convertible Preferred Stock 5% Common Equity 58%

  • RPT has a total capitalization of

$2.3 billion conservatively structured with $1.3 billion in common equity.

  • Substantially all shares are owned

by REIT funds and other institutional investors.

  • Net debt to total capitalization is

38%.

  • Secured debt to total capitalization

is 15%.

TOTAL MARKET CAPITALIZATION TOTAL MARKET CAPITALIZATION

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NYSE: RPT

Note: As of June 30, 2015.

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SLIDE 37

PROACTI PROACTIVE BALANCE SHEET MANAGEMENT E BALANCE SHEET MANAGEMENT

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NYSE: RPT

6.1 YEARS

AVERAGE TERM

94%

FIXED RATE DEBT

$1.8 Billion

UNENCUMBERED POOL

<$135 Million

DEBT EXPIRING IN ANY YEAR

Note: As of June 30, 2015.

$0 $20 $40 $60 $80 $100 $120 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028+

Millions Mortgage Unsecured JV

*To be paid off as part of planned dispositions and new corporate debt financing.

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SLIDE 38

Low Leverage Flexible Structure

Net Debt / Market Capitalization 38% Unencumbered Assets / Unsecured Debt 3.4X Net Debt + Preferred / Market Capitalization 43% Fixed-Rate Debt / Total Debt 94% Net Debt to EBITDA 5.9X Secured Debt / Total Capitalization 15%

Strong Coverage Ample Liquidity

Interest Coverage 3.7X Revolving Line Availability $333M Fixed Charge Coverage 2.9X Annual Retained FFO $40M

RPT’S BALANCE SHEET RIVALS THE BEST OF ITS INVESTMENT GRADE RATED PEERS

INVESTMENT GRADE PROFILE INVESTMENT GRADE PROFILE

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NYSE: RPT

Note: As of June 30, 2015.

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SLIDE 39

 A compelling corporate strategy compelling corporate strategy focused on large, multi-anchored, urban-

  • riented shopping centers in strategic major markets.

 A business plan business plan focused on increasing portfolio quality, growth through redevelopment, and strong operations.  An attractive risk attractive risk profile profile with ample liquidity to fund its business plan and grow its dividend.

KEY TAKEAWAYS KEY TAKEAWAYS

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NYSE: RPT

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SLIDE 40

40 Information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the “Securities Act”, and Section 21E of the Securities Exchange Act of 1934, as amended, or the “Exchange Act.” You can identify these forward-looking statements by our use of the words “believe,” “anticipate,” “plan,” “expect,” “may,” “might,” “should,” “will,” “intend,” “estimate,” “predict” and similar expressions, whether in the negative or

  • affirmative. These forward-looking statements represent our expectations or beliefs concerning future events, including:

statements regarding future developments and joint ventures, rents, returns, and earnings; statements regarding the continuation of trends; and any statements regarding the sufficiency of our cash balances and cash generated from operating, investing, and financing activities for our future liquidity and capital resource needs. We caution that although forward-looking statements reflect our good faith beliefs and reasonable judgment based upon current information, these statements are not guarantees of future performance and are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, because of risks, uncertainties, and factors including, but not limited to: our success

  • r failure in implementing our business strategy; economic conditions generally and in the commercial real estate and finance

markets specifically; our cost of capital, which depends in part on our asset quality, our relationships with lenders and other capital providers; our business prospects and outlook; changes in governmental regulations, tax rates and similar matters; and our continuing to qualify as a REIT. Further, we have included important factors under the heading “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2014, and other periodic reports, that we believe could cause our actual results to differ materially from the forward-looking statements that we make. All forward- looking statements are made as of the date hereof or the date specified herein, based on information available to us as of such date. Except as required by law, we do not undertake any obligation to update our forward-looking statements or the risk factors contained herein to reflect new information or future events or otherwise. You are cautioned not to place undue reliance on forward-looking statements.

SAFE HARBOR STATEMENT SAFE HARBOR STATEMENT

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INVESTOR PRESENTATION

Fall 2015