RPT Realty (KIM+N) 10-Q29 Apr 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2014	Apr. 22, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'RAMCO GERSHENSON PROPERTIES TRUST	'
Entity Central Index Key	'0000842183	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'RPT	'
Entity Common Stock, Shares Outstanding	'	68,361,578

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Income producing properties, at cost:	'	'
Land	$285,122	$284,686
Buildings and improvements	1,340,033	1,340,531
Less accumulated depreciation and amortization	-260,272	-253,292
Income producing properties, net	1,364,883	1,371,925
Construction in progress and land held for development or sale	102,310	101,974
Real estate held for sale	4,566	0
Net real estate	1,471,759	1,473,899
Equity investments in unconsolidated joint ventures	28,528	30,931
Cash and cash equivalents	5,274	5,795
Restricted cash	4,317	3,454
Accounts receivable (net of allowance for doubtful accounts of $2,000 and $2,351 as of March 31, 2014 and December 31, 2013, respectively)	9,417	9,648
Other assets, net	121,181	128,521
TOTAL ASSETS	1,640,476	1,652,248
Notes payable:	'	'
Senior unsecured notes payable	365,000	365,000
Mortgages payable	302,062	333,049
Unsecured revolving credit facility	49,000	27,000
Junior subordinated notes	28,125	28,125
Total notes payable	744,187	753,174
Capital lease obligation	5,599	5,686
Accounts payable and accrued expenses	29,172	32,026
Other liabilities	47,179	48,593
Distributions payable	15,022	14,809
TOTAL LIABILITIES	841,159	854,288
Commitments and Contingencies	'	'
Ramco-Gershenson Properties Trust (RPT) Shareholders' Equity:	'	'
Preferred shares, $0.01 par, 2,000 shares authorized: 7.25% Series D Cumulative Convertible Perpetual Preferred Shares, (stated at liquidation preference $50 per share), 2,000 shares issued and outstanding as of March 31, 2014 and December 31, 2013	100,000	100,000
Common shares of beneficial interest, $0.01 par, 120,000 shares authorized, 67,780 and 66,669 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively	678	667
Additional paid-in capital	973,492	959,183
Accumulated distributions in excess of net income	-301,768	-289,837
Accumulated other comprehensive (loss) income	-592	84
TOTAL SHAREHOLDERS' EQUITY ATTRIBUTABLE TO RPT	771,810	770,097
Noncontrolling interest	27,507	27,863
TOTAL SHAREHOLDERS' EQUITY	799,317	797,960
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$1,640,476	$1,652,248

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts receivable, allowance for doubtful accounts	$2,000	$2,351
Preferred shares, par (in usd per share)	$0.01	$0.01
Common shares of beneficial interest, par (in usd per share)	$0.01	$0.01
Common shares of beneficial interest, shares authorized (in shares)	120,000,000	120,000,000
Common shares of beneficial interest, shares issued (in shares)	67,780,000	66,669,000
Common shares of beneficial interest, shares outstanding (in shares)	67,780,000	66,669,000
Series D Preferred Stock	'	'
Preferred shares, shares authorized (in shares)	2,000,000	2,000,000
Cumulative Perpetual Convertible Preferred Shares, shares issued (in shares)	2,000,000	2,000,000
Cumulative Perpetual Convertible Preferred Shares, shares outstanding (in shares)	2,000,000	2,000,000
Cumulative Perpetual Convertible Preferred Shares, liquidation preference (in usd per share)	$50	$50
Cumulative Perpetual Convertible Preferred Shares, dividend rate percentage	7.25%	7.25%

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
REVENUE	'	'
Minimum rent	$36,267	$24,288
Percentage rent	148	95
Recovery income from tenants	12,247	8,228
Other property income	961	523
Management and other fee income	510	804
TOTAL REVENUE	50,133	33,938
EXPENSES	'	'
Real estate taxes	7,367	4,565
Recoverable operating expense	6,159	4,129
Other non-recoverable operating expense	849	737
Depreciation and amortization	17,741	10,777
General and administrative expense	5,614	5,500
TOTAL EXPENSES	37,730	25,708
OPERATING INCOME	12,403	8,230
OTHER INCOME AND EXPENSES	'	'
Other expense, net	-133	-136
Gain on sale of real estate	0	3,582
Loss from unconsolidated joint ventures	-1,607	-5,674
Interest expense	-7,599	-6,073
Amortization of deferred financing fees	-403	-341
Deferred gain recognized on real estate	117	5,282
INCOME FROM CONTINUING OPERATIONS BEFORE TAX	2,778	4,870
Income tax provision	-17	-43
INCOME FROM CONTINUING OPERATIONS	2,761	4,827
DISCONTINUED OPERATIONS	'	'
Income from discontinued operations	0	447
INCOME FROM DISCONTINUED OPERATIONS	0	447
NET INCOME	2,761	5,274
Net income attributable to noncontrolling partner interest	-89	-225
NET INCOME ATTRIBUTABLE TO RPT	2,672	5,049
Preferred share dividends	-1,812	-1,812
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	860	3,237
EARNINGS PER COMMON SHARE, BASIC	'	'
Continuing operations (in usd per share)	$0.01	$0.05
Discontinued operations (in usd per share)	$0	$0.01
Net income (loss) available to common shareholders (in usd per share)	$0.01	$0.06
EARNINGS PER COMMON SHARE, DILUTED	'	'
Continuing operations (in usd per share)	$0.01	$0.05
Discontinued operations (in usd per share)	$0	$0.01
Net income (loss) available to common shareholders (in usd per share)	$0.01	$0.06
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	'	'
Basic (in shares)	67,070	51,780
Diluted (in shares)	67,314	52,212
OTHER COMPREHENSIVE INCOME	'	'
Net income	2,761	5,274
Other comprehensive income (loss):	'	'
(Loss) gain on interest rate swaps	-699	558
Comprehensive income	2,062	5,832
Comprehensive loss (income) attributable to noncontrolling interest	23	-24
COMPREHENSIVE INCOME ATTRIBUTABLE TO RPT	$2,085	$5,808

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Shareholders' Equity (USD $)	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Distributions in Excess of Net Income	Accumulated Other Comprehensive Loss	Noncontrolling Interest
In Thousands, unless otherwise specified	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Distributions in Excess of Net Income	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Beginning Balance at Dec. 31, 2013	$797,960	$100,000	$667	$959,183	($289,837)	$84	$27,863
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Issuance of common shares	14,979	'	9	14,970	'	'	'
Share-based compensation and other expense, net of shares withheld for employee taxes	-659	'	2	-661	'	'	'
Dividends declared to common shareholders	-12,704	'	'	'	-12,704	'	'
Dividends declared to preferred shareholders	-1,812	'	'	'	-1,812	'	'
Distributions declared to noncontrolling interests	-422	'	'	'	'	'	-422
Dividends declared to deferred shares	-87	'	'	'	-87	'	'
Other comprehensive income adjustment	-699	'	'	'	'	-676	-23
Net income	2,761	'	'	'	2,672	'	89
Ending Balance at Mar. 31, 2014	$799,317	$100,000	$678	$973,492	($301,768)	($592)	$27,507

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
OPERATING ACTIVITIES	'	'
Net income	$2,761	$5,274
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization, including discontinued operations	17,741	10,982
Amortization of deferred financing fees, including discontinued operations	403	341
Income tax provision	17	43
Loss from unconsolidated joint ventures	1,607	5,674
Distributions received from operations of unconsolidated joint ventures	783	1,036
Deferred gain recognized on real estate	-117	-5,282
Gain on sale of real estate, including discontinued operations	0	-3,582
Amortization of premium on mortgages, net	-175	-6
Share-based compensation expense	530	518
Long-term incentive cash compensation expense	555	454
Changes in assets and liabilities:	'	'
Accounts receivable, net	231	940
Other assets, net	3,041	670
Accounts payable, accrued expenses and other liabilities	-6,728	-2,142
Net cash provided by operating activities	20,649	14,920
INVESTING ACTIVITIES	'	'
Acquisition of real estate, net of assumed debt	0	-152,532
Development and capital improvements	-11,575	-6,691
Net proceeds from sales of real estate	0	9,619
Distributions from sale of joint venture property	0	1,687
Increase in restricted cash	-863	-2,096
Investment in unconsolidated joint ventures	0	-891
Net cash used in investing activities	-12,438	-150,904
FINANCING ACTIVITIES	'	'
Repayment of mortgages and notes payable	-30,812	-1,177
Net (borrowings) repayments on revolving credit facility	22,000	-10,000
Proceeds from issuance of common stock	14,979	166,081
Repayment of capitalized lease obligation	-87	-83
Conversion of operating partnership units for cash	0	-1,207
Dividends paid to preferred shareholders	-1,812	-1,812
Dividends paid to common shareholders	-12,578	-8,179
Distributions paid to operating partnership unit holders	-422	-399
Net cash (used in) provided by financing activities	-8,732	143,224
Net change in cash and cash equivalents	-521	7,240
Cash and cash equivalents at beginning of period	5,795	4,233
Cash and cash equivalents at end of period	5,274	11,473
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY	'	'
Assumption of debt related to acquisitions	0	149,514
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	'	'
Cash paid for interest (net of capitalized interest of $381 and $325 in 2014 and 2013, respectively)	7,207	5,673
Cash paid for federal income taxes	$0	$0

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements Of Cash Flows (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash paid for interest, capitalized interest	$381	$325

Organization_and_Basis_of_Pres

Organization and Basis of Presentations	3 Months Ended
Organization and Basis of Presentations	Mar. 31, 2014
Accounting Policies [Abstract]	'
Organization and Basis of Presentations	'
	Organization and Basis of Presentations

	Organization

	Ramco-Gershenson Properties Trust, together with its subsidiaries (the “Company” or "RPT"), is a real estate investment trust (“REIT”) engaged in the business of owning, developing, redeveloping, acquiring, managing and leasing community shopping centers in strategic metropolitan markets throughout the Eastern, Midwestern and Central United States. As of March 31, 2014, our property portfolio consists of 66 wholly owned shopping centers and one office building comprising approximately 13.2 million square feet. In addition, we are co-investor in and manager of two institutional joint ventures that own portfolios of shopping centers. We own 20% of Ramco 450 Venture LLC, an entity that owns eight shopping centers comprising approximately 1.6 million square feet. We own 30% of Ramco/Lion Venture L.P., an entity that owns three shopping centers comprising approximately 0.8 million square feet. We also have ownership interests in two smaller joint ventures that each own a shopping center. In addition, we own interests in three parcels of land held for development or available for sale and five parcels of land adjacent to certain of our existing developed properties located in Florida, Georgia, Michigan, Tennessee, and Virginia. Most of our properties are anchored by supermarkets and/or national chain stores. The Company’s credit risk, therefore, is concentrated in the retail industry.

	Basis of Presentation

	The accompanying condensed consolidated financial statements include the accounts of the Company and our majority owned subsidiary, the Operating Partnership, Ramco-Gershenson Properties, L.P. (96.8% owned by the Company at March 31, 2014 and December 31, 2013), and all wholly-owned subsidiaries, including entities in which we have a controlling financial interest. We have elected to be a REIT for federal income tax purposes. All intercompany balances and transactions have been eliminated in consolidation. The information furnished is unaudited and reflects all adjustments which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented, and all such adjustments are of a normal recurring nature. These condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013.

	The preparation of our unaudited financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited financial statements and the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and reported amounts that are not readily apparent from other sources. Actual results could differ from those estimates.

	Reclassifications

	Certain reclassifications of prior period amounts, primarily related to discontinued operations, have been made in the condensed consolidated financial statements in order to conform to the current presentation.

	Recent Accounting Pronouncements

	In April 2014, the Financial Accounting Standards Board ("FASB") issued ASU 2014-08 "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity" which amends the requirements for reporting discontinued operations. Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results. For public entities, ASU 2014-08 is effective prospectively for fiscal years beginning after December 15, 2014; however, early adoption is permitted, but only for disposals or classifications as held for sale that have not been reported in financial statements previously issued or available for issuance. We adopted the provisions of ASU 2014-08 beginning with the period ended March 31, 2014, and have applied the provisions prospectively.

	Prior to the adoption of ASU 2014-08, the results of operations for operating properties sold or held for sale during the reported periods were shown under Discontinued Operations on the Consolidated Statements of Operations. Beginning with the period ended March 31, 2014, activity related to individual sales of properties wholly-owned or co-owned with joint ventures will no longer be classified as Discontinued Operations.

	In July 2013, the FASB updated ASC 740 "Income Taxes" with ASU 2013-11 "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry forward, a Similar Tax Loss, or a Tax Credit Carry forward Exists." The objective of this update is to reduce the diversity in practice related to the presentation of certain unrecognized tax benefits. The amendments in this update require an entity to present an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for those instances described above, except in certain situations described in the update. For public entities, ASU 2013-11 is effective for fiscal years beginning after December 15, 2013 and interim periods within those years. The guidance should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Early adoption and retrospective application are permitted. The adoption of this guidance did not have an impact on our consolidated financial statements.

	In July 2013, the FASB updated ASC 815 "Derivatives and Hedging" with ASU 2013-10 "Inclusion of the Fed Funds Effective Swap Rate (of Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes." ASU 2013-10 permits the Overnight Index Swap ("OIS") Rate, also referred to as the Fed Funds effective Swap Rate, to be used as a U.S. benchmark for hedge accounting purposes, in addition to London Interbank Offered Rate ("LIBOR") and the interest rate on direct U.S. Treasury obligations. The guidance also removes the restriction on using different benchmarks for similar hedges. ASU 2013-10 is effective prospectively for qualifying new or re-designated hedges entered into on or after July 17, 2013. The adoption of this guidance did not have an impact on our consolidated financial statements.

Real_Estate

Real Estate	3 Months Ended
Real Estate	Mar. 31, 2014
Real Estate [Abstract]	'
Real Estate	'
	Real Estate

	Included in our net real estate assets are income producing shopping center properties that are recorded at cost less accumulated depreciation and amortization.

	We review our investment in real estate, including any related intangible assets, for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the property may not be recoverable. These changes in circumstances include, but are not limited to, changes in occupancy, rental rates, tenant sales, net operating income, geographic location, real estate values and expected holding period.

	Land held for development or available for sale includes real estate projects where vertical construction has yet to commence, but which have been identified by us and are available for future development when market conditions dictate the demand for a new shopping center. The viability of all projects under construction or development, including those owned by unconsolidated joint ventures, is regularly evaluated under applicable accounting requirements, including requirements relating to abandonment of assets or changes in use. Land held for development or available for sale was $70.0 million and $68.5 million at March 31, 2014 and December 31, 2013, respectively.

	Construction in progress represents existing redevelopment and tenant build-out projects. When projects are substantially complete and ready for their intended use, balances are transferred to land or building and improvements as appropriate. Construction in progress was $32.3 million and $33.5 million at March 31, 2014 and December 31, 2013, respectively.

	The decrease in construction in progress from December 31, 2013 to March 31, 2014 was due primarily to the completion of tenant build-outs at various projects in the first quarter of 2014 offset by ongoing development of Phase I of Lakeland Park Center, located adjacent to our existing Shoppes of Lakeland shopping center in Lakeland, Florida.

Property_Acquisitions_and_Disp

Property Acquisitions and Dispositions	3 Months Ended
Property Acquisitions and Dispositions	Mar. 31, 2014
Business Combinations [Abstract]	'
Property Acquisitions and Dispositions	'
	Property Acquisitions and Dispositions

	There were no acquisitions or dispositions during the three months ended March 31, 2014.

	Pursuant to the criteria established under ASC 360, Property, Plant, and Equipment, we will classify properties as held for sale when executed purchase and sales agreement contingencies have been satisfied thereby signifying that the sale is legally binding and we are able to conclude that the sale of the property within one year is probable. As of March 31, 2014 we had one property held for sale located in Florida. The sale was completed subsequent to the first quarter (for additional information refer to Note 15 of the notes to the condensed consolidated financial statements.) Pursuant to our adoption of ASU 2014-08 the results of operations of this property will not be classified as Discontinued Operations in the Condensed Consolidated Statements of Operations. There were no properties held for sale as of March 31, 2013.

Discontinued_Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Discontinued Operations	'
	Discontinued Operations

	We have adopted the provisions of ASU 2014-08 beginning with the period ended March 31, 2014, and have applied the provisions prospectively. The following table provides a summary of selected operating results during the three months ended 2013 for those properties classified as Discontinued Operations prior to our adoption of ASU 2014-08:


		Three Months Ended March 31, 2013
		(In thousands)
	Total revenue	$	883

	Expenses:

	Recoverable operating expenses	229

	Other non-recoverable property operating expenses	4

	Depreciation and amortization	204

	Operating income from discontinued operations	446

	Other income	1

	Income from discontinued operations	$	447

Equity_Investments_in_Unconsol

Equity Investments in Unconsolidated Joint Ventures	3 Months Ended
	Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Equity Investments in Unconsolidated Joint Ventures	'
	Equity Investments in Unconsolidated Joint Ventures

	We have four joint venture agreements whereby we own between 7% and 30% of the equity in the joint venture. We and the joint venture partners have joint approval rights for major decisions, including those regarding property operations. We cannot make significant decisions without our partner’s approval. Accordingly, we account for our interest in the joint ventures using the equity method of accounting.

	The combined condensed financial information for our unconsolidated joint ventures is summarized as follows:


	Balance Sheets		March 31,				December 31,
			2014				2013
			(In thousands)
	ASSETS
	Income producing properties, net		$	392,517			$	410,218

	Cash, accounts receivable and other assets		23,955				27,462

	Total Assets		$	416,472			$	437,680

	LIABILITIES AND OWNERS' EQUITY

	Mortgage notes payable		$	170,933			$	178,708

	Other liabilities		6,365				7,885

	Owners' equity		239,174				251,087

	Total Liabilities and Owners' Equity		$	416,472			$	437,680


	RPT's equity investments in unconsolidated joint ventures		$	28,528			$	30,931




			Three Months Ended March 31,
	Statements of Operations		2014				2013
			(In thousands)
	Total Revenue		$	10,924			$	10,993

	Total Expenses (1)		17,926				7,621

	(Loss) income before other income, expense, and discontinued operations		(7,002		)		3,372

	Interest expense		(1,875		)		(2,665		)
	Gain on extinguishment of debt (2)		529				—

	Amortization of deferred financing fees		(75		)		(63		)
	(Loss) income from continuing operations		(8,423		)		644


	Discontinued operations (3)

	Loss on sale of real estate (4)		—				(21,217		)

	Income from discontinued operations		—				1,154

	Loss from discontinued operations		—				(20,063		)

	Net loss		$	(8,423	)		$	(19,419	)

	RPT's share of loss from unconsolidated joint ventures (5)		$	(1,535	)		$	(5,674	)



(1)	The increase in 2014 is due to depreciation expense related to a redevelopment project.

(2)	As a result of a property conveyance a joint venture recognized a gain on extinguishment of debt of which our share was approximately $0.1 million.

(3)	Beginning in the first quarter of 2014 represents results of operations for those properties classified as discontinued operations as of December 31, 2013.

(4)	In March, 2013 Ramco/Lion Venture LP sold 12 shopping centers to us resulting in a loss on the sale of $21.2 million to the joint venture.

(5)	For the three months ended March 31, 2014, we recognized additional loss of $72 thousand to write-off formation costs related to our Ramco 191 LLC joint venture increasing our total loss from unconsolidated joint ventures.

As of March 31, 2014, we had investments in the following unconsolidated joint ventures:


		Ownership as of		Total Assets as of				Total Assets as of
		March 31,		March 31,				December 31,
Unconsolidated Entities		2014		2014				2013
				(In thousands)
Ramco/Lion Venture LP		30%		$	89,440			$	91,053

Ramco 450 Venture LLC		20%		281,553				293,410

Other Joint Ventures		7%		45,479				53,217

				$	416,472			$	437,680



There was no acquisition activity in the three months ended March 31, 2014 and 2013 by any of our unconsolidated joint ventures.

Debt

Our unconsolidated joint ventures had the following debt outstanding at March 31, 2014:


	Balance
Entity Name	Outstanding
	(In thousands)
Ramco 450 Venture LLC (1)	$	140,738

Ramco/Lion Venture LP (2)	30,372

	$	171,110

Unamortized premium	(177		)
Total mortgage debt	$	170,933





(1)	Maturities range from October 2015 to September 2023 with interest rates ranging from 1.9% to 5.8%.

(2)	Balance relates to Millennium Park’s mortgage loan which has a maturity date of October 2015 with a 5.0% interest rate.

On March 31, 2014, Ramco 191 LLC, in which our ownership interest was 20%, completed the conveyance of its ownership interest in its sole remaining shopping center to the noteholder in lieu of repayment of a non-recourse loan in the amount of $7.5 million of which our share was $1.5 million.

Joint Venture Management and Other Fee Income

We are engaged by certain of our joint ventures to provide asset management, property management, leasing and investing services for such venture’s respective properties. We receive fees for our services, including a property management fee calculated as a percentage of gross revenues received, and recognize these fees as the services are rendered.

The following table provides information for our fees earned which are reported in our condensed consolidated statements of operations:


	Three Months Ended March 31,
	2014				2013
	(In thousands)
Management fees	$	399			$	669

Leasing fees	59				106

Construction fees	52				29

Total	$	510			$	804

Other_Assets_Net

Other Assets, Net	3 Months Ended
	Mar. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'
Other Assets, Net	'
	Other Assets, Net

	Other assets consist of the following:


		March 31,		December 31,
		2014		2013
		(In thousands)
	Deferred leasing costs, net	$	26,515	$	26,617

	Deferred financing costs, net	6,114		6,513

	Lease intangible assets, net	64,793		69,635

	Straight-line rent receivable, net	14,895		15,115

	Cash flow hedge marked-to-market asset	1,683		2,244

	Prepaid and other deferred expenses, net	3,571		4,629

	Other, net	3,610		3,768

	Other assets, net	$	121,181	$	128,521



	Total accumulated amortization of other assets was $45.9 million and $44.0 million at March 31, 2014 and December 31, 2013, respectively.

	Intangible assets attributable to lease origination costs and for above-market leases are being amortized over the lives of the applicable lease. Amortization of lease origination costs is an increase to amortization expense and amortization of above-market leases is a reduction to minimum rent revenue over the applicable terms of the respective leases. Amortization of the above-market leases resulted in a reduction of revenue of approximately $0.6 million and $0.2 million for the three months ended March 31, 2014 and 2013, respectively.

	Straight-line rent receivables are recorded net of allowances of $4.1 million and $3.8 million at March 31, 2014 and December 31, 2013, respectively.

Debt

Debt	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt	'
	Debt

	The following table summarizes our mortgages and notes payable and capital lease obligation as of March 31, 2014 and December 31, 2013:


	Notes Payable		March 31,		December 31,
			2014		2013
			(In thousands)
	Senior unsecured notes		$	110,000	$	110,000

	Unsecured term loan facilities		255,000		255,000

	Fixed rate mortgages		299,063		329,875

	Unsecured revolving credit facility		49,000		27,000

	Junior subordinated notes		28,125		28,125

			741,188		750,000

	Unamortized premium		2,999		3,174

			$	744,187	$	753,174


	Capital lease obligation (1)		$	5,599	$	5,686




	(1)	99 year ground lease expires 9/30/2103. However, an anchor tenant’s exercise of its option to purchase its parcel in October 2014 would require us to purchase the real estate that is subject to the ground lease.

	During the three months ended March 31, 2014 we repaid the following mortgages:


	•	The Auburn Mile in the amount of $6.6 million with an interest rate of 5.4%; and

	•	Crossroads Centre in the amount of $23.2 million with an interest rate of 5.4%.

	Our fixed rate mortgages have interest rates ranging from 5.0% to 7.4% and are due at various maturity dates from June 2015 through June 2026. Included in fixed rate mortgages at March 31, 2014 and December 31, 2013 were unamortized premium balances related to the fair market value of debt of approximately $3.0 million and $3.2 million, respectively. The fixed rate mortgage notes are secured by mortgages on properties that have an approximate net book value of $287.2 million as of March 31, 2014.

	We had net borrowings of $22.0 million under our revolving credit facility during the three months ended March 31, 2014 with a balance of $49.0 million outstanding at March 31, 2014. Outstanding letters of credit issued under our revolving credit facility, not reflected in the accompanying condensed consolidated balance sheets, totaled $7.0 million. These letters of credit reduce borrowing availability under our bank facility.

	Our revolving credit facility, term loans and unsecured notes contain financial covenants relating to total leverage, fixed charge coverage ratio, unencumbered assets, tangible net worth and various other calculations. As of March 31, 2014, we were in compliance with these covenants.

	The mortgage loans encumbering our properties, including properties held by our unconsolidated joint ventures, are generally nonrecourse, subject to certain exceptions for which we would be liable for any resulting losses incurred by the lender. These exceptions vary from loan to loan but generally include fraud or a material misrepresentation, misstatement or omission by the borrower, intentional or grossly negligent conduct by the borrower that harms the property or results in a loss to the lender, filing of a bankruptcy petition by the borrower, either directly or indirectly and certain environmental liabilities. In addition, upon the occurrence of certain events, such as fraud or filing of a bankruptcy petition by the borrower, we or our joint ventures would be liable for the entire outstanding balance of the loan, all interest accrued thereon and certain other costs, including penalties and expenses.

	We have entered into mortgage loans which are secured by multiple properties and contain cross-collateralization and cross-default provisions. Cross-collateralization provisions allow a lender to foreclose on multiple properties in the event that we default under the loan. Cross-default provisions allow a lender to foreclose on the related property in the event a default is declared under another loan.

	The following table presents scheduled principal payments on mortgages and notes payable as of March 31, 2014:


	Year Ending December 31,
		(In thousands)
	2014 (April 1 - December 31)	$	2,644

	2015	85,250

	2016 (1)	71,710

	2017	232,222

	2018	84,244

Thereafter	265,118

Subtotal debt	741,188

Unamortized premium	2,999

Total debt (including unamortized premium)	$	744,187





(1)	Scheduled maturities in 2016 include $49.0 million which represents the balance of the unsecured revolving credit facility drawn as of March 31, 2014.

We have no mortgage maturities until the second quarter of 2015 and it is our intent to repay these mortgages using cash, borrowings under our unsecured line of credit, or other sources of financing.

Other_Liabilities_net

Other Liabilities, net	3 Months Ended
	Mar. 31, 2014
Other Liabilities Disclosure [Abstract]	'
Other Liabilities, net	'
	Other Liabilities, net

	Other liabilities consist of the following:


		March 31,		December 31,
		2014		2013
		(In thousands)
	Lease intangible liabilities, net	$	39,324	$	40,386

	Cash flow hedge marked-to-market liability	2,436		2,297

	Deferred liabilities	2,218		2,637

	Tenant security deposits	2,887		2,940

	Other, net	314		333

	Other liabilities, net	$	47,179	$	48,593



	The lease intangible liability relates to below-market leases that are being accreted over the applicable terms of the acquired leases, which resulted in an increase of revenue of $1.1 million and $0.4 million for the three months ended March 31, 2014 and 2013, respectively.

Fair_Value

Fair Value

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value

We utilize fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Derivative instruments (interest rate swaps) are recorded at fair value on a recurring basis. Additionally, we, from time to time, may be required to record other assets at fair value on a nonrecurring basis. As a basis for considering market participant assumptions in fair value measurements, GAAP establishes three fair value levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The assessed inputs used in determining any fair value measurement could result in incorrect valuations that could be material to our condensed consolidated financial statements. These levels are:

Level 1

Valuation is based upon quoted prices for identical instruments traded in active markets.

Level 2

Valuation is based upon prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market.

Level 3

Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the assets or liabilities.

The following is a description of valuation methodologies used for our assets and liabilities recorded at fair value.

Derivative Assets and Liabilities

All of our derivative instruments are interest rate swaps for which quoted market prices are not readily available. For those derivatives, we measure fair value on a recurring basis using valuation models that use primarily market observable inputs, such as yield curves. We classify these instruments as Level 2. Refer to Note 10 for additional information on our derivative financial instruments.

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of March 31, 2014.

Total

Fair Value

Level 1

Level 2

Level 3

(In thousands)

Derivative assets - interest rate swaps

1,683

—

1,683

—

Derivative liabilities - interest rate swaps

(2,436

)

—

(2,436

)

—

The carrying values of cash and cash equivalents, restricted cash, receivables and accounts payable and accrued liabilities are reasonable estimates of their fair values because of the short maturity of these financial instruments.

We estimated the fair value of our debt based on our incremental borrowing rates for similar types of borrowing arrangements with the same remaining maturity and on the discounted estimated future cash payments to be made for other debt. The discount rates used approximate current lending rates for loans or groups of loans with similar maturities and credit quality, assumes the debt is outstanding through maturity and considers the debt’s collateral (if applicable). Since such amounts are estimates that are based on limited available market information for similar transactions, there can be no assurance that the disclosed value of any financial instrument could be realized by immediate settlement of the instrument.

Fixed rate debt (including variable rate debt swapped to fixed through derivatives) with carrying values of $619.1 million and $649.9 million as of March 31, 2014 and December 31, 2013, respectively, have fair values of approximately $622.0 million and $650.9 million, respectively. Variable rate debt’s fair value is estimated to be the carrying values of $122.1 million and $100.1 million as of March 31, 2014 and December 31, 2013, respectively. We classify our debt as Level 2.

The following is a description of valuation methodologies used for our assets and liabilities recorded at fair value on a nonrecurring basis:

Net Real Estate

Our net investment in real estate, including any identifiable intangible assets, is subject to impairment testing on a nonrecurring basis. To estimate fair value, we use discounted cash flow models that include assumptions of the discount rates that market participants would use in pricing the asset. To the extent impairment has occurred, we charge to expense the excess of the carrying value of the property over its estimated fair value. We classify impaired real estate assets as nonrecurring Level 3.

Equity Investments in Unconsolidated Joint Ventures

Our equity investments in unconsolidated joint ventures are subject to impairment testing on a nonrecurring basis if there is an indication that a decrease in the value of our investment has occurred that is other-than-temporary. To estimate the fair value of properties held by unconsolidated entities, we use cash flow models, discount rates, and capitalization rates based upon assumptions of the rates that market participants would use in pricing the asset. To the extent other-than-temporary impairment has occurred, we charge to expense the excess of the carrying value of the equity investment over its estimated fair value. We classify other-than-temporarily impaired equity investments in unconsolidated entities as nonrecurring Level 3.

Derivative_Financial_Instrumen

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Financial Instruments	'
	Derivative Financial Instruments

	We utilize interest rate swap agreements for risk management purposes to reduce the impact of changes in interest rates on our variable rate debt. On the date we enter into an interest rate swap, the derivative is designated as a hedge against the variability of cash flows that are to be paid in connection with a recognized liability. Subsequent changes in the fair value of a derivative designated as a cash flow hedge that is determined to be highly effective are recorded in other comprehensive income (“OCI”) until earnings are affected by the variability of cash flows of the hedged transaction. The differential between fixed and variable rates to be paid or received is accrued, as interest rates change, and recognized currently as interest expense in the condensed consolidated statements of operations. We assess effectiveness of our cash flow hedges both at inception and on an ongoing basis. Our cash flow hedges become ineffective if critical terms of the hedging instrument and the debt do not perfectly match such as notional amounts, settlement dates, reset dates and calculation period.

	At March 31, 2014, we had seven interest rate swap agreements with an aggregate notional amount of $210.0 million that were designated as cash flow hedges. The agreements provided for swapping one-month LIBOR interest rates ranging from 1.2% to 2.2% on $210.0 million of unsecured term loans and have expirations ranging from April 2016 to May 2020.

	The following table summarizes the notional values and fair values of our derivative financial instruments as of March 31, 2014:


			Hedge		Notional				Fixed			Fair				Expiration
	Underlying Debt		Type		Value				Rate			Value				Date
					(In thousands)							(In thousands)
	Derivative Assets
	Unsecured term loan facility		Cash Flow		$	50,000			1.46	%		$	1,683			May-20


	Derivative Liabilities
	Unsecured term loan facility		Cash Flow		$	75,000			1.2175	%		$	(1,132	)		Apr-16

	Unsecured term loan facility		Cash Flow		30,000				2.048	%		(700		)		Oct-18

	Unsecured term loan facility		Cash Flow		25,000				1.85	%		(373		)		Oct-18

	Unsecured term loan facility		Cash Flow		5,000				1.84	%		(69		)		Oct-18

	Unsecured term loan facility		Cash Flow		15,000				2.15	%		(97		)		May-20

	Unsecured term loan facility		Cash Flow		10,000				2.15	%		(65		)		May-20

					$	160,000						$	(2,436	)



	The following table presents the fair values of derivative financial instruments in our condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013, respectively:



			March 31, 2014						December 31, 2013
	Derivatives designated as		Balance Sheet		Fair				Balance Sheet		Fair
	hedging instruments		Location		Value				Location		Value
					(In thousands)						(In thousands)
	Interest rate contracts - assets		Other assets		$	1,683			Other assets		$	2,244

	Interest rate contracts - liabilities		Other liabilities		$	(2,436	)		Other liabilities		$	(2,297	)




	The effect of derivative financial instruments on our condensed consolidated statements of operations for the three months ended March 31, 2014 and 2013 is summarized as follows:


			Amount of Gain (Loss)								Location of		Amount of Loss
			Recognized in OCI on Derivative								Loss		Reclassified from
			(Effective Portion)								Reclassified from		Accumulated OCI into
											Accumulated OCI		Income (Effective Portion)
	Derivatives in Cash Flow Hedging Relationship		Three Months Ended March 31,								into Income		Three Months Ended March 31,
			2014				2013				(Effective Portion)		2014				2013
			(In thousands)										(In thousands)

	Interest rate contracts - assets		$	(561	)		$	—			Interest Expense		$	(286	)		$	—

	Interest rate contracts - liabilities		(138		)		558				Interest Expense		(467		)		(451		)

Total		$	(699	)		$	558			Total		$	(753	)		$	(451	)

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Common Share	'
	Earnings Per Common Share

	The following table sets forth the computation of basic earnings per share (“EPS”):



			Three Months Ended March 31,
			2014				2013
			(In thousands, except per share data)
	Income from continuing operations		$	2,761			$	4,827

	Net income from continuing operations attributable to noncontrolling interest		(89		)		(209		)
	Preferred share dividends		(1,812		)		(1,812		)
	Allocation of continuing income to restricted share awards		(50		)		(35		)
	Income from continuing operations attributable to RPT		$	810			$	2,771


	Income from discontinued operations		—				447

	Net income from discontinued operations attributable to noncontrolling interest		—				(16		)

	Allocation of discontinued (income) loss to restricted share awards		—				(4		)

	Income from discontinued operations attributable to RPT		—				427

	Net income available to common shareholders		$	810			$	3,198


	Weighted average shares outstanding, Basic		67,070				51,780


	Income per common share, Basic

	Continuing operations		$	0.01			$	0.05

	Discontinued operations		—				0.01

	Net income available to common shareholders		$	0.01			$	0.06



	The following table sets forth the computation of diluted EPS:


			Three Months Ended March 31,
			2014				2013
			(In thousands, except per share data)
	Income from continuing operations		$	2,761			$	4,827

	Net income from continuing operations attributable to noncontrolling interest		(89		)		(209		)
	Preferred share dividends		(1,812		)		(1,812		)
	Allocation of continuing income to restricted share awards		(50		)		(35		)
	Allocation of over distributed continuing income to restricted share awards		—				(4		)

	Income from continuing operations attributable to RPT		$	810			$	2,767


	Income from discontinued operations		—				447

	Net income from discontinued operations attributable to noncontrolling interest		—				(16		)

	Allocation of discontinued income to restricted share awards		—				(1		)

Income from discontinued operations attributable to RPT		—				430

Net Income available to common shareholders		$	810			$	3,197


Weighted average shares outstanding, Basic		67,070				51,780

Stock options and restricted stock awards using the treasury method		244				432

Dilutive effect of securities (1)		—				—

Weighted average shares outstanding, Diluted		67,314				52,212


Income per common share, Diluted

Continuing operations		$	0.01			$	0.05

Discontinued operations		—				0.01

Net income available to common shareholders		$	0.01			$	0.06




(1)	The assumed conversion of preferred shares are anti-dilutive for all periods presented and accordingly, have been excluded from the weighted average common shares used to compute diluted EPS.

Sharebased_Compensation_Plans

Share-based Compensation Plans	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Share-based Compensation Plans	'
	Share-based Compensation Plans

	As of March 31, 2014, we have one share-based compensation plan in effect. The 2012 Omnibus Long-Term Incentive Plan (“2012 LTIP”) under which our compensation committee may grant, subject to the Company’s performance conditions as specified by the compensation committee, restricted shares, restricted share units, options and other awards to trustees, officers and other key employees. The 2012 LTIP allows us to issue up to 2,000,000 shares of our common stock, units or stock options, of which 1,737,492 remain available for issuance.

	In addition, as of March 31, 2014, we had 203,454 share awards that were granted under plans which terminated when the 2012 LTIP became effective. These awards have various expiration dates through June 2017.

	During the three months ended March 31, 2014, we had the following activity:


	•	issued restricted stock related to the 2011 performance-based units. The measurement period was January 1, 2011 through December 31, 2013 and measured our three-year shareholder return compared to our peer group. Our rank in comparison to the peer group resulted in a grant of 159,424 shares of restricted stock. Per the plan 50% vested on the date of the grant and the balance vest on the first anniversary of the date of the grant;

	•	granted 114,114 shares of service-based restricted stock that vest over five years. The service-based awards are valued based on our closing stock price as of the grant date of March 1, 2014 and the expense is recognized on a graded vesting basis; and

	•	granted performance-based cash awards that are earned subject to a future performance measurement based on a three-year shareholder return peer comparison (“the 2014 TSR Grant”). If the performance criterion is met, the actual value of the grant earned will be determined and 50% of the award will be paid in cash immediately while the balance will be paid in cash the following year.

	We recognized share-based compensation expense of $0.5 million for the three months ended March 31, 2014 and the three months ended March 31, 2013.

	Pursuant to ASC 718 – Stock Compensation, we determine the grant date fair value of TSR Grants, and any subsequent re-measurements, based upon a Monte Carlo simulation model. We will recognize the compensation expense ratably over the requisite service period. We are required to re-value the cash awards at the end of each quarter using the same methodology as was used at the initial grant date and adjust the compensation expense accordingly. If at the end of the three-year measurement period the performance criteria are not met, compensation expense previously recognized would be reversed. Of the total recognized compensation expense, $0.6 million and $0.5 million related to the cash awards for the three months ended March 31, 2014 and 2013, respectively.

	As of March 31, 2014, we had $7.0 million of total unrecognized compensation expense related to unvested restricted shares, options granted under our plans and performance based equity and cash awards. This expense is expected to be recognized over a weighted-average period of 4.9 years.

Taxes

Taxes	3 Months Ended
Taxes	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Taxes	'
	Taxes

	Income Taxes

	We conduct our operations with the intent of meeting the requirements applicable to a REIT under sections 856 through 860 of the Internal Revenue Code. In order to maintain our qualification as a REIT, we are required to distribute annually at least 90% of our REIT taxable income, excluding net capital gain, to our shareholders. As long as we qualify as a REIT, we will generally not be liable for federal corporate income taxes.

	Certain of our operations, including property management and asset management, as well as ownership of certain land, are conducted through our Taxable REIT Subsidiaries (“TRSs”) which allows us to provide certain services and conduct certain activities that are not generally considered as qualifying REIT activities.

	Deferred tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities for financial reporting purposes and the bases of such assets and liabilities as measured by tax laws. Deferred tax assets are reduced by a valuation allowance to the amount where realization is more likely than not assured after considering all available evidence, including expected taxable earnings and potential tax planning strategies. Our temporary differences primarily relate to deferred compensation, depreciation, and net operating loss carry forwards.

	As of March 31, 2014, we had a federal and state deferred tax asset of $10.4 million, and a valuation allowance of $10.1 million. We believe that it is more likely than not that the results of future operations will generate sufficient taxable income to recognize the net deferred tax assets. These future operations are primarily dependent upon the profitability of our TRSs, the timing and amounts of gains on land sales, and other factors affecting the results of operations of the TRSs. The valuation allowances relate to net operating loss carry forwards and tax basis differences where there is uncertainty regarding their realizability.

	We recorded income tax provisions of approximately $17,000 and $43,000 for the three months ended March 31, 2014 and 2013, respectively.

	Sales Taxes

	We collect various taxes from tenants and remit these amounts, on a net basis, to the applicable taxing authorities.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Commitments and Contingencies

	Construction Costs

	In connection with the development and expansion of various shopping centers as of March 31, 2014, we had entered into agreements for construction costs of approximately $23.4 million.

	Litigation

	We are currently involved in certain litigation arising in the ordinary course of business; however, we do not believe that any of this litigation will have a material effect on our consolidated financial statements.

	Leases

	We lease office space for our corporate headquarters under an operating lease. We also have operating leases for land at one of our shopping centers and a capital ground lease at our Gaines Marketplace Shopping Center. Total amounts expensed relating to these leases was $0.3 million and $0.4 million for the the three months ended March 31, 2014 and 2013.

Subsequent_Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events

	We have evaluated subsequent events through the date that the condensed consolidated financial statements were issued.

	Subsequent to March 31, 2014 we completed the sale of the Naples Towne Center located in Naples, Florida for $7.2 million.

Organization_and_Basis_of_Pres1

Organization and Basis of Presentations (Policies)	3 Months Ended
Organization and Basis of Presentations (Policies)	Mar. 31, 2014
Accounting Policies [Abstract]	'
Organization	'
	Organization

	Ramco-Gershenson Properties Trust, together with its subsidiaries (the “Company” or "RPT"), is a real estate investment trust (“REIT”) engaged in the business of owning, developing, redeveloping, acquiring, managing and leasing community shopping centers in strategic metropolitan markets throughout the Eastern, Midwestern and Central United States. As of March 31, 2014, our property portfolio consists of 66 wholly owned shopping centers and one office building comprising approximately 13.2 million square feet. In addition, we are co-investor in and manager of two institutional joint ventures that own portfolios of shopping centers. We own 20% of Ramco 450 Venture LLC, an entity that owns eight shopping centers comprising approximately 1.6 million square feet. We own 30% of Ramco/Lion Venture L.P., an entity that owns three shopping centers comprising approximately 0.8 million square feet. We also have ownership interests in two smaller joint ventures that each own a shopping center. In addition, we own interests in three parcels of land held for development or available for sale and five parcels of land adjacent to certain of our existing developed properties located in Florida, Georgia, Michigan, Tennessee, and Virginia. Most of our properties are anchored by supermarkets and/or national chain stores. The Company’s credit risk, therefore, is concentrated in the retail industry.
Basis of Presentation	'
	Basis of Presentation

	The accompanying condensed consolidated financial statements include the accounts of the Company and our majority owned subsidiary, the Operating Partnership, Ramco-Gershenson Properties, L.P. (96.8% owned by the Company at March 31, 2014 and December 31, 2013), and all wholly-owned subsidiaries, including entities in which we have a controlling financial interest. We have elected to be a REIT for federal income tax purposes. All intercompany balances and transactions have been eliminated in consolidation. The information furnished is unaudited and reflects all adjustments which are, in the opinion of management, necessary to reflect a fair statement of the results for the interim periods presented, and all such adjustments are of a normal recurring nature. These condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013.

	The preparation of our unaudited financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited financial statements and the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and reported amounts that are not readily apparent from other sources. Actual results could differ from those estimates.
Reclassifications	'
	Reclassifications

	Certain reclassifications of prior period amounts, primarily related to discontinued operations, have been made in the condensed consolidated financial statements in order to conform to the current presentation.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements

	In April 2014, the Financial Accounting Standards Board ("FASB") issued ASU 2014-08 "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity" which amends the requirements for reporting discontinued operations. Under ASU 2014-08, a disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results. For public entities, ASU 2014-08 is effective prospectively for fiscal years beginning after December 15, 2014; however, early adoption is permitted, but only for disposals or classifications as held for sale that have not been reported in financial statements previously issued or available for issuance. We adopted the provisions of ASU 2014-08 beginning with the period ended March 31, 2014, and have applied the provisions prospectively.

	Prior to the adoption of ASU 2014-08, the results of operations for operating properties sold or held for sale during the reported periods were shown under Discontinued Operations on the Consolidated Statements of Operations. Beginning with the period ended March 31, 2014, activity related to individual sales of properties wholly-owned or co-owned with joint ventures will no longer be classified as Discontinued Operations.

	In July 2013, the FASB updated ASC 740 "Income Taxes" with ASU 2013-11 "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry forward, a Similar Tax Loss, or a Tax Credit Carry forward Exists." The objective of this update is to reduce the diversity in practice related to the presentation of certain unrecognized tax benefits. The amendments in this update require an entity to present an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for those instances described above, except in certain situations described in the update. For public entities, ASU 2013-11 is effective for fiscal years beginning after December 15, 2013 and interim periods within those years. The guidance should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Early adoption and retrospective application are permitted. The adoption of this guidance did not have an impact on our consolidated financial statements.

	In July 2013, the FASB updated ASC 815 "Derivatives and Hedging" with ASU 2013-10 "Inclusion of the Fed Funds Effective Swap Rate (of Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes." ASU 2013-10 permits the Overnight Index Swap ("OIS") Rate, also referred to as the Fed Funds effective Swap Rate, to be used as a U.S. benchmark for hedge accounting purposes, in addition to London Interbank Offered Rate ("LIBOR") and the interest rate on direct U.S. Treasury obligations. The guidance also removes the restriction on using different benchmarks for similar hedges. ASU 2013-10 is effective prospectively for qualifying new or re-designated hedges entered into on or after July 17, 2013. The adoption of this guidance did not have an impact on our consolidated financial statements.

Discontinued_Operations_Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Summary of Selected Operating Results for Properties Sold or Held for Sale	'
	The following table provides a summary of selected operating results during the three months ended 2013 for those properties classified as Discontinued Operations prior to our adoption of ASU 2014-08:


		Three Months Ended March 31, 2013
		(In thousands)
	Total revenue	$	883

	Expenses:

	Recoverable operating expenses	229

	Other non-recoverable property operating expenses	4

	Depreciation and amortization	204

	Operating income from discontinued operations	446

	Other income	1

	Income from discontinued operations	$	447

Equity_Investments_in_Unconsol1

Equity Investments in Unconsolidated Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Summary of Combined Financial Information for Unconsolidated Entities, Balance Sheets	'
	The combined condensed financial information for our unconsolidated joint ventures is summarized as follows:


	Balance Sheets		March 31,				December 31,
			2014				2013
			(In thousands)
	ASSETS
	Income producing properties, net		$	392,517			$	410,218

	Cash, accounts receivable and other assets		23,955				27,462

	Total Assets		$	416,472			$	437,680

	LIABILITIES AND OWNERS' EQUITY

	Mortgage notes payable		$	170,933			$	178,708

	Other liabilities		6,365				7,885

	Owners' equity		239,174				251,087

	Total Liabilities and Owners' Equity		$	416,472			$	437,680


	RPT's equity investments in unconsolidated joint ventures		$	28,528			$	30,931


Summary of Combined Financial Information for Unconsolidated Entities, Statements of Operations	'


			Three Months Ended March 31,
	Statements of Operations		2014				2013
			(In thousands)
	Total Revenue		$	10,924			$	10,993

	Total Expenses (1)		17,926				7,621

	(Loss) income before other income, expense, and discontinued operations		(7,002		)		3,372

	Interest expense		(1,875		)		(2,665		)
	Gain on extinguishment of debt (2)		529				—

	Amortization of deferred financing fees		(75		)		(63		)
	(Loss) income from continuing operations		(8,423		)		644


	Discontinued operations (3)

	Loss on sale of real estate (4)		—				(21,217		)

	Income from discontinued operations		—				1,154

	Loss from discontinued operations		—				(20,063		)

	Net loss		$	(8,423	)		$	(19,419	)

	RPT's share of loss from unconsolidated joint ventures (5)		$	(1,535	)		$	(5,674	)



	(1)	The increase in 2014 is due to depreciation expense related to a redevelopment project.

	(2)	As a result of a property conveyance a joint venture recognized a gain on extinguishment of debt of which our share was approximately $0.1 million.

	(3)	Beginning in the first quarter of 2014 represents results of operations for those properties classified as discontinued operations as of December 31, 2013.

	(4)	In March, 2013 Ramco/Lion Venture LP sold 12 shopping centers to us resulting in a loss on the sale of $21.2 million to the joint venture.

	(5)	For the three months ended March 31, 2014, we recognized additional loss of $72 thousand to write-off formation costs related to our Ramco 191 LLC joint venture increasing our total loss from unconsolidated joint ventures.
Investments in Unconsolidated Joint Ventures	'
	As of March 31, 2014, we had investments in the following unconsolidated joint ventures:


			Ownership as of		Total Assets as of				Total Assets as of
			March 31,		March 31,				December 31,
	Unconsolidated Entities		2014		2014				2013
					(In thousands)
	Ramco/Lion Venture LP		30%		$	89,440			$	91,053

	Ramco 450 Venture LLC		20%		281,553				293,410

	Other Joint Ventures		7%		45,479				53,217

					$	416,472			$	437,680


Debt Outstanding of Unconsolidated Entities	'
	Our unconsolidated joint ventures had the following debt outstanding at March 31, 2014:


		Balance
	Entity Name	Outstanding
		(In thousands)
	Ramco 450 Venture LLC (1)	$	140,738

	Ramco/Lion Venture LP (2)	30,372

		$	171,110

	Unamortized premium	(177		)
	Total mortgage debt	$	170,933





	(1)	Maturities range from October 2015 to September 2023 with interest rates ranging from 1.9% to 5.8%.

	(2)	Balance relates to Millennium Park’s mortgage loan which has a maturity date of October 2015 with a 5.0% interest rate.
Information of Fees Earned	'
	The following table provides information for our fees earned which are reported in our condensed consolidated statements of operations:


		Three Months Ended March 31,
		2014				2013
		(In thousands)
	Management fees	$	399			$	669

	Leasing fees	59				106

	Construction fees	52				29

	Total	$	510			$	804

Other_Assets_Net_Tables

Other Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'
Other Assets Consisted	'
	Other assets consist of the following:


		March 31,		December 31,
		2014		2013
		(In thousands)
	Deferred leasing costs, net	$	26,515	$	26,617

	Deferred financing costs, net	6,114		6,513

	Lease intangible assets, net	64,793		69,635

	Straight-line rent receivable, net	14,895		15,115

	Cash flow hedge marked-to-market asset	1,683		2,244

	Prepaid and other deferred expenses, net	3,571		4,629

	Other, net	3,610		3,768

	Other assets, net	$	121,181	$	128,521

Debt_Tables

Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Summary of Mortgages, Notes Payable and Capital Lease Obligation	'
	The following table summarizes our mortgages and notes payable and capital lease obligation as of March 31, 2014 and December 31, 2013:


	Notes Payable		March 31,		December 31,
			2014		2013
			(In thousands)
	Senior unsecured notes		$	110,000	$	110,000

	Unsecured term loan facilities		255,000		255,000

	Fixed rate mortgages		299,063		329,875

	Unsecured revolving credit facility		49,000		27,000

	Junior subordinated notes		28,125		28,125

			741,188		750,000

	Unamortized premium		2,999		3,174

			$	744,187	$	753,174


	Capital lease obligation (1)		$	5,599	$	5,686




	(1)	99 year ground lease expires 9/30/2103. However, an anchor tenant’s exercise of its option to purchase its parcel in October 2014 would require us to purchase the real estate that is subject to the ground lease.
Scheduled Principal Payments on Mortgages and Notes Payable	'
	The following table presents scheduled principal payments on mortgages and notes payable as of March 31, 2014:


	Year Ending December 31,
		(In thousands)
	2014 (April 1 - December 31)	$	2,644

	2015	85,250

	2016 (1)	71,710

	2017	232,222

	2018	84,244

	Thereafter	265,118

	Subtotal debt	741,188

	Unamortized premium	2,999

	Total debt (including unamortized premium)	$	744,187





	(1)	Scheduled maturities in 2016 include $49.0 million which represents the balance of the unsecured revolving credit facility drawn as of March 31, 2014.

Other_Liabilities_net_Tables

Other Liabilities, net (Tables)	3 Months Ended
	Mar. 31, 2014
Other Liabilities Disclosure [Abstract]	'
Summary of Other Liabilities	'
	Other liabilities consist of the following:


		March 31,		December 31,
		2014		2013
		(In thousands)
	Lease intangible liabilities, net	$	39,324	$	40,386

	Cash flow hedge marked-to-market liability	2,436		2,297

	Deferred liabilities	2,218		2,637

	Tenant security deposits	2,887		2,940

	Other, net	314		333

	Other liabilities, net	$	47,179	$	48,593

Fair_Value_Tables

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Recorded Amount of Liabilities Measured at Fair Value on Recurring Basis	'
	The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of March 31, 2014.


		Total
		Fair Value			Level 1		Level 2			Level 3
		(In thousands)
	Derivative assets - interest rate swaps	$	1,683		$	—	$	1,683		$	—

	Derivative liabilities - interest rate swaps	$	(2,436	)	$	—	$	(2,436	)	$	—

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Summary of Notional Values and Fair Values of Derivative Financial Instruments	'
	The following table summarizes the notional values and fair values of our derivative financial instruments as of March 31, 2014:


		Hedge		Notional				Fixed			Fair				Expiration
	Underlying Debt	Type		Value				Rate			Value				Date
				(In thousands)							(In thousands)
	Derivative Assets
	Unsecured term loan facility	Cash Flow		$	50,000			1.46	%		$	1,683			May-20


	Derivative Liabilities
	Unsecured term loan facility	Cash Flow		$	75,000			1.2175	%		$	(1,132	)		Apr-16

	Unsecured term loan facility	Cash Flow		30,000				2.048	%		(700		)		Oct-18

	Unsecured term loan facility	Cash Flow		25,000				1.85	%		(373		)		Oct-18

	Unsecured term loan facility	Cash Flow		5,000				1.84	%		(69		)		Oct-18

	Unsecured term loan facility	Cash Flow		15,000				2.15	%		(97		)		May-20

	Unsecured term loan facility	Cash Flow		10,000				2.15	%		(65		)		May-20

				$	160,000						$	(2,436	)


Fair Values of Derivative Financial Instruments in Condensed Consolidated Balance Sheets	'
	The following table presents the fair values of derivative financial instruments in our condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013, respectively:



		March 31, 2014						December 31, 2013
	Derivatives designated as	Balance Sheet		Fair				Balance Sheet		Fair
	hedging instruments	Location		Value				Location		Value
				(In thousands)						(In thousands)
	Interest rate contracts - assets	Other assets		$	1,683			Other assets		$	2,244

	Interest rate contracts - liabilities	Other liabilities		$	(2,436	)		Other liabilities		$	(2,297	)



Summary of Effect of Derivative Financial Instruments on Condensed Consolidated Statements of Operations	'
	The effect of derivative financial instruments on our condensed consolidated statements of operations for the three months ended March 31, 2014 and 2013 is summarized as follows:


		Amount of Gain (Loss)								Location of		Amount of Loss
		Recognized in OCI on Derivative								Loss		Reclassified from
		(Effective Portion)								Reclassified from		Accumulated OCI into
										Accumulated OCI		Income (Effective Portion)
	Derivatives in Cash Flow Hedging Relationship	Three Months Ended March 31,								into Income		Three Months Ended March 31,
		2014				2013				(Effective Portion)		2014				2013
		(In thousands)										(In thousands)

	Interest rate contracts - assets	$	(561	)		$	—			Interest Expense		$	(286	)		$	—

	Interest rate contracts - liabilities	(138		)		558				Interest Expense		(467		)		(451		)

	Total	$	(699	)		$	558			Total		$	(753	)		$	(451	)

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of the Computation of Basic and Diluted Earnings Per Share	'
	The following table sets forth the computation of basic earnings per share (“EPS”):



			Three Months Ended March 31,
			2014				2013
			(In thousands, except per share data)
	Income from continuing operations		$	2,761			$	4,827

	Net income from continuing operations attributable to noncontrolling interest		(89		)		(209		)
	Preferred share dividends		(1,812		)		(1,812		)
	Allocation of continuing income to restricted share awards		(50		)		(35		)
	Income from continuing operations attributable to RPT		$	810			$	2,771


	Income from discontinued operations		—				447

	Net income from discontinued operations attributable to noncontrolling interest		—				(16		)

	Allocation of discontinued (income) loss to restricted share awards		—				(4		)

	Income from discontinued operations attributable to RPT		—				427

	Net income available to common shareholders		$	810			$	3,198


	Weighted average shares outstanding, Basic		67,070				51,780


	Income per common share, Basic

	Continuing operations		$	0.01			$	0.05

	Discontinued operations		—				0.01

	Net income available to common shareholders		$	0.01			$	0.06


	The following table sets forth the computation of diluted EPS:


			Three Months Ended March 31,
			2014				2013
			(In thousands, except per share data)
	Income from continuing operations		$	2,761			$	4,827

	Net income from continuing operations attributable to noncontrolling interest		(89		)		(209		)
	Preferred share dividends		(1,812		)		(1,812		)
	Allocation of continuing income to restricted share awards		(50		)		(35		)
	Allocation of over distributed continuing income to restricted share awards		—				(4		)

	Income from continuing operations attributable to RPT		$	810			$	2,767


	Income from discontinued operations		—				447

	Net income from discontinued operations attributable to noncontrolling interest		—				(16		)

	Allocation of discontinued income to restricted share awards		—				(1		)

	Income from discontinued operations attributable to RPT		—				430

	Net Income available to common shareholders		$	810			$	3,197


Weighted average shares outstanding, Basic		67,070				51,780

Stock options and restricted stock awards using the treasury method		244				432

Dilutive effect of securities (1)		—				—

Weighted average shares outstanding, Diluted		67,314				52,212


Income per common share, Diluted

Continuing operations		$	0.01			$	0.05

Discontinued operations		—				0.01

Net income available to common shareholders		$	0.01			$	0.06




(1)	The assumed conversion of preferred shares are anti-dilutive for all periods presented and accordingly, have been excluded from the weighted average common shares used to compute diluted EPS.

Organization_and_Basis_of_Pres2

Organization and Basis of Presentations - Additional Information (Detail)	12 Months Ended					3 Months Ended		3 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
		Contract	PartnershipUnit	Shopping centers	Office building	Ramco/Lion Venture LP	Ramco/Lion Venture LP	Ramco 450 Venture LLC	Ramco 450 Venture LLC	Smaller joint ventures	Smaller joint ventures
		sqft		PartnershipUnit	Property		Shopping centers		Shopping centers	PartnershipUnit	Shopping centers
				Property			sqft		Property		Property
							Property		sqft
Basis of Presentation [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Number of real estate properties owned and managed	'	'	'	66	1	'	3	'	8	'	3
Area of an real estate property	'	13,200,000	13,200,000	'	'	'	800,000	'	1,600,000	'	'
Number of joint ventures	'	4	5	2	'	'	'	'	'	2	'
Percentage of ownership	'	'	'	'	'	30.00%	'	20.00%	'	'	'
Ownership interest in Ramco-Gershenson Properties, L. P.	96.80%	'	'	'	'	'	'	'	'	'	'

Real_Estate_Additional_Informa

Real Estate - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Real Estate [Abstract]	'	'
Land held for development or sale	$70	$68.50
Constructions in progress	$32.30	$33.50

Property_Acquisitions_and_Disp1

Property Acquisitions and Dispositions - Additional Information (Detail)	Mar. 31, 2013	Mar. 31, 2014
	Property	Florida
		Property
Significant Acquisitions and Disposals [Line Items]	'	'
Number of properties held-for-sale	0	1

Discontinued_Operations_Summar

Discontinued Operations - Summary of Selected Operating Results for Properties Sold or Held for Sale (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'	'
Total revenue	'	$883
Expenses:	'	'
Recoverable operating expenses	'	229
Other non-recoverable property operating expenses	'	4
Depreciation and amortization	'	204
Operating income from discontinued operations	'	446
Other income	'	1
INCOME FROM DISCONTINUED OPERATIONS	$0	$447

Equity_Investments_in_Unconsol2

Equity Investments in Unconsolidated Joint Ventures - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Minimum	'
Schedule of Equity Method Investments [Line Items]	'
Percentage of ownership interest	7.00%
Maximum	'
Schedule of Equity Method Investments [Line Items]	'
Percentage of ownership interest	30.00%
Ramco 191 LLC	'
Schedule of Equity Method Investments [Line Items]	'
Percentage of ownership interest	20.00%
Repayments of long-term debt	$7.50
Ramco-Gershenson Properties Trust \| Ramco 191 LLC	'
Schedule of Equity Method Investments [Line Items]	'
Repayments of long-term debt	$1.50

Equity_Investments_in_Unconsol3

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Balance Sheets (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
ASSETS	'	'
Income producing properties, net	$392,517	$410,218
Cash, accounts receivable and other assets	23,955	27,462
Total Assets	416,472	437,680
LIABILITIES AND OWNERS' EQUITY	'	'
Mortgage notes payable	170,933	178,708
Other liabilities	6,365	7,885
Owners' equity	239,174	251,087
Total Liabilities and Owners' Equity	416,472	437,680
RPT's equity investments in unconsolidated joint ventures	$28,528	$30,931

Equity_Investments_in_Unconsol4

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Statements of Operations (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]	'		'
Total Revenue	$10,924		$10,993
Total Expenses (1)	17,926	[1]	7,621	[1]
(Loss) income before other income, expense, and discontinued operations	-7,002		3,372
Interest expense	-1,875		-2,665
Gain on extinguishment of debt	529	[2]	0	[2]
Amortization of deferred financing fees	-75		-63
(Loss) income from continuing operations	-8,423		644
Discontinued operations (3)	'		'
Gain (loss) on sale of real estate	0	[3],[4]	-21,217	[3]
Income from discontinued operations	0	[4]	1,154
Loss from discontinued operations	0	[4]	-20,063
Net loss	-8,423		-19,419
RPT's share of earnings from unconsolidated joint ventures	($1,535)	[5]	($5,674)	[5]

[1]	The increase in 2014 is due to depreciation expense related to a redevelopment project.
[2]	As a result of a property conveyance a joint venture recognized a gain on extinguishment of debt of which our share was approximately $0.1 million.
[3]	In March, 2013 Ramco/Lion Venture LP sold 12 shopping centers to us resulting in a loss on the sale of $21.2 million to the joint venture.
[4]	Beginning in the first quarter of 2014 represents results of operations for those properties classified as discontinued operations as of December 31, 2013.
[5]	For the three months ended March 31, 2014, we recognized additional loss of $72 thousand to write-off formation costs related to our Ramco 191 LLC joint venture increasing our total loss from unconsolidated joint ventures.

Equity_Investments_in_Unconsol5

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Statements of Operations (Parenthetical) (Detail) (USD $)	3 Months Ended				1 Months Ended	3 Months Ended	1 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013		Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
					Ramco/Lion Venture LP	Ramco/Lion Venture LP	Shopping centers	Ramco-Gershenson Properties Trust
						Pro-rata Share	Ramco/Lion Venture LP
							Property
Schedule of Equity Method Investments [Line Items]	'		'		'	'	'	'
Gain on extinguishment of debt	$529	[1]	$0	[1]	'	'	'	$100
Number of real estate properties sold	'		'		'	'	12	'
Gain (loss) on sale of real estate	0	[2],[3]	-21,217	[2]	-21,200	'	'	'
Liquidation related expense	'		'		'	$72	'	'

[1]	As a result of a property conveyance a joint venture recognized a gain on extinguishment of debt of which our share was approximately $0.1 million.
[2]	In March, 2013 Ramco/Lion Venture LP sold 12 shopping centers to us resulting in a loss on the sale of $21.2 million to the joint venture.
[3]	Beginning in the first quarter of 2014 represents results of operations for those properties classified as discontinued operations as of December 31, 2013.

Equity_Investments_in_Unconsol6

Equity Investments in Unconsolidated Joint Ventures - Investments in Unconsolidated Joint Ventures (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]	'	'
Total Assets	$416,472	$437,680
Minimum	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Percentage of ownership interest	7.00%	'
Maximum	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Percentage of ownership interest	30.00%	'
Ramco/Lion Venture LP	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Percentage of ownership interest	30.00%	'
Total Assets	89,440	91,053
Ramco 450 Venture LLC	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Percentage of ownership interest	20.00%	'
Total Assets	281,553	293,410
Other Joint Ventures	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Percentage of ownership interest	7.00%	'
Total Assets	$45,479	$53,217

Equity_Investments_in_Unconsol7

Equity Investments in Unconsolidated Joint Ventures - Debt Outstanding of Unconsolidated Entities (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014		Mar. 31, 2014
In Thousands, unless otherwise specified			Ramco 450 Venture LLC	Ramco 450 Venture LLC	Ramco/Lion Venture LP	Unconsolidated joint ventures	Unconsolidated joint ventures		Unconsolidated joint ventures
			Minimum	Maximum			Ramco 450 Venture LLC		Ramco/Lion Venture LP
Debt Instrument [Line Items]	'	'	'	'	'	'	'		'
Total mortgage debt	$302,062	$333,049	'	'	'	$171,110	$140,738	[1]	$30,372	[2]
Unamortized premium	'	'	'	'	'	-177	'		'
Total mortgage debt	$170,933	$178,708	'	'	'	$170,933	'		'
Mortgage debt interest rate, minimum	'	'	1.90%	'	'	'	'		'
Mortgage debt interest rate, maximum	'	'	'	5.80%	'	'	'		'
Mortgage debt interest rate	'	'	'	'	5.00%	'	'		'

[1]	Maturities range from October 2015 to September 2023 with interest rates ranging from 1.9% to 5.8%
[2]	Balance relates to Millennium Parkbs mortgage loan which has a maturity date of October 2015 with a 5.0% interest rate.

Equity_Investments_in_Unconsol8

Equity Investments in Unconsolidated Joint Ventures - Information of Fees Earned (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]	'	'
Management fees	$399	$669
Leasing fees	59	106
Construction fees	52	29
Total	$510	$804

Other_Assets_Net_Additional_In

Other Assets, Net - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'	'	'
Accumulated amortization of other assets	$45.90	'	$44
Amortization of intangible assets	0.6	0.2	'
Allowances Straight-line rent receivables	$4.10	'	$3.80

Other_Assets_Net_Detail

Other Assets, Net (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'	'
Deferred leasing costs, net	$26,515	$26,617
Deferred financing costs, net	6,114	6,513
Lease intangible assets, net	64,793	69,635
Straight-line rent receivable, net	14,895	15,115
Cash flow hedge marked-to-market asset	1,683	2,244
Prepaid and other deferred expenses, net	3,571	4,629
Other, net	3,610	3,768
Other assets, net	$121,181	$128,521

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	3 Months Ended
Debt - Additional Information (Detail) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Debt Instrument [Line Items]	'	'	'
Unamortized premium	$2,999,000	'	$3,174,000
Net (repayments) borrowings on revolving credit facility	22,000,000	-10,000,000	'
Credit facility	49,000,000	'	'
Letter of credit, outstanding balance	7,000,000	'	'
Fixed Rate Mortgages	'	'	'
Debt Instrument [Line Items]	'	'	'
Mortgage debt interest rate, minimum	5.00%	'	'
Mortgage debt interest rate, maximum	7.40%	'	'
Unamortized premium	3,000,000	'	3,200,000
Net book value of mortgage on properties	287,200,000	'	'
Mission Bay	'	'	'
Debt Instrument [Line Items]	'	'	'
Extinguishment of debt, amount	6,600,000	'	'
Mortgage debt interest rate	5.40%	'	'
Hunters Square	'	'	'
Debt Instrument [Line Items]	'	'	'
Extinguishment of debt, amount	$23,200,000	'	'
Mortgage debt interest rate	5.40%	'	'

Debt_Summary_of_Mortgages_Note

Debt - Summary of Mortgages, Notes Payable and Capital Lease Obligation (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Senior unsecured notes	$110,000	$110,000
Unsecured term loan facilities	255,000	255,000
Total mortgage debt	302,062	333,049
Unsecured revolving credit facility	49,000	27,000
Junior subordinated notes	28,125	28,125
Subtotal debt	741,188	750,000
Unamortized premium	2,999	3,174
Total notes payable	744,187	753,174
Capital lease obligation	5,599	5,686
Fixed Rate Mortgages	'	'
Debt Instrument [Line Items]	'	'
Total mortgage debt	299,063	329,875
Unamortized premium	$3,000	$3,200

Debt_Summary_of_Mortgages_Note1

Debt - Summary of Mortgages, Notes Payable and Capital Lease Obligation (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Ground lease, expiration term	'99 years
Ground lease, expiration date	30-Sep-03
Ground lease, option to purchase date	31-Oct-14

Debt_Scheduled_Principal_Payme

Debt - Scheduled Principal Payments on Mortgages and Notes Payable (Detail) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Debt Disclosure [Abstract]	'		'
2014 (April 1 - December 31)	$2,644		'
2015	85,250		'
2016	71,710	[1]	'
2017	232,222		'
2018	84,244		'
Thereafter	265,118		'
Subtotal debt	741,188		750,000
Unamortized premium	2,999		3,174
Total notes payable	$744,187		$753,174

[1]	Scheduled maturities in 2016 include $49.0 million which represents the balance of the unsecured revolving credit facility drawn as of MarchB 31, 2014.

Debt_Scheduled_Principal_Payme1

Debt - Scheduled Principal Payments on Mortgages and Notes Payable (Parenthetical) (Detail) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2014
Debt Instrument [Line Items]	'
Debt instrument maturity in year four	$232,222
Unsecured Revolving Credit Facility	'
Debt Instrument [Line Items]	'
Debt instrument maturity in year four	$49,000

Other_Liabilities_Net_Addition

Other Liabilities, Net - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Other Liabilities Disclosure [Abstract]	'	'
Increase in revenue, accretion of below market leases	$1.10	$0.40

Other_Liabilities_Detail

Other Liabilities (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Other Liabilities Disclosure [Abstract]	'	'
Lease intangible liabilities, net	$39,324	$40,386
Cash flow hedge marked-to-market liability	2,436	2,297
Deferred liabilities	2,218	2,637
Tenant security deposits	2,887	2,940
Other, net	314	333
Other liabilities, net	$47,179	$48,593

Fair_Value_Additional_Informat

Fair Value - Additional Information (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Fair Value Measurements [Line Items]	'	'
Long term debt, carrying amount	$744,187,000	$753,174,000
Level 2 \| Fixed Rate Mortgages	'	'
Fair Value Measurements [Line Items]	'	'
Long term debt, carrying amount	619,100,000	649,900,000
Long term debt, fair value	622,000,000	650,900,000
Level 2 \| Floating Rate Debt	'	'
Fair Value Measurements [Line Items]	'	'
Long term debt, carrying amount	$122,100,000	$100,100,000

Fair_Value_Recorded_Amount_of_

Fair Value - Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]	'
Derivative assets - interest rate swaps	$1,683
Derivative liabilities - interest rate swaps	-2,436
Level 2	'
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]	'
Derivative assets - interest rate swaps	1,683
Derivative liabilities - interest rate swaps	($2,436)

Derivative_Financial_Instrumen2

Derivative Financial Instruments - Additional Information (Detail) (Interest Rate Swap, Cash Flow Hedging, Designated as Hedging Instrument, USD $)	Mar. 31, 2014
In Millions, unless otherwise specified	Investment
Derivative Instruments and Hedging Activities Disclosure [Line Items]	'
Number of interest swap agreements	7
Notional amount of derivatives	$210
Minimum	'
Derivative Instruments and Hedging Activities Disclosure [Line Items]	'
Derivative interest rate, one-month LIBOR interest rate	1.20%
Maximum	'
Derivative Instruments and Hedging Activities Disclosure [Line Items]	'
Derivative interest rate, one-month LIBOR interest rate	2.20%

Derivative_Financial_Instrumen3

Derivative Financial Instruments - Summary of Notional Values and Fair Values of Derivative Financial Instruments (Detail) (USD $)	Mar. 31, 2014
Derivative Assets	'
Fair Value	$1,683,000
Derivative Liabilities	'
Fair Value	-2,436,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap	'
Derivative Liabilities	'
Notional Amount	160,000,000
Fair Value	-2,436,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.4600 % Swap Rate, Expiration Date 05/2020	'
Derivative Assets	'
Notional Amount	50,000,000
Fixed rate	1.46%
Fair Value	1,683,000
Derivative Liabilities	'
Fixed rate	1.46%
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.2175 % Swap Rate, Expiration Date 04/2016	'
Derivative Assets	'
Fixed rate	1.22%
Derivative Liabilities	'
Notional Amount	75,000,000
Fixed rate	1.22%
Fair Value	-1,132,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 2.0480 % Swap Rate, Expiration Date 10/2018	'
Derivative Assets	'
Fixed rate	2.05%
Derivative Liabilities	'
Notional Amount	30,000,000
Fixed rate	2.05%
Fair Value	-700,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.8500 % Swap Rate, Expiration Date 10/2018	'
Derivative Assets	'
Fixed rate	1.85%
Derivative Liabilities	'
Notional Amount	25,000,000
Fixed rate	1.85%
Fair Value	-373,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.8400 % Swap Rate, Expiration Date 10/2018	'
Derivative Assets	'
Fixed rate	1.84%
Derivative Liabilities	'
Notional Amount	5,000,000
Fixed rate	1.84%
Fair Value	-69,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Usecured term loan facility with: 2.1500 % Swap Rate, Expiration Date 05/2020	'
Derivative Assets	'
Fixed rate	2.15%
Derivative Liabilities	'
Notional Amount	15,000,000
Fixed rate	2.15%
Fair Value	-97,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Usecured term loan facility with: 2.1500 % Swap Rate, Expiration Date 05/2020	'
Derivative Assets	'
Fixed rate	2.15%
Derivative Liabilities	'
Notional Amount	10,000,000
Fixed rate	2.15%
Fair Value	($65,000)

Derivative_Financial_Instrumen4

Derivative Financial Instruments - Fair Values of Derivative Financial Instruments in Condensed Consolidated Balance Sheet (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]	'	'
Interest rate contracts - assets	$1,683	'
Interest rate contracts - liabilities	-2,436	'
Other liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Interest rate contracts - liabilities	-2,436	'
Interest Rate Swap \| Designated as Hedging Instrument \| Other assets	'	'
Derivatives, Fair Value [Line Items]	'	'
Interest rate contracts - assets	1,683	2,244
Interest Rate Swap \| Designated as Hedging Instrument \| Other liabilities	'	'
Derivatives, Fair Value [Line Items]	'	'
Interest rate contracts - liabilities	'	($2,297)

Derivative_Financial_Instrumen5

Derivative Financial Instruments - Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Operations (Detail) (Interest Rate Contracts, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Interest Rate Swap	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	($699)	$558
Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	-753	-451
Derivative Assets	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	-561	0
Derivative Liabilities	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	-138	558
Interest Expense	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	'	-451
Interest Expense \| Derivative Assets	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	-286	0
Interest Expense \| Derivative Liabilities	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	($467)	'

Earnings_Per_Common_Share_Comp

Earnings Per Common Share - Computation of Basic Earnings Per Share (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Class of Stock [Line Items]	'	'
Income from continuing operations	$2,761	$4,827
Net income from continuing operations attributable to noncontrolling interest	-89	-209
Preferred share dividends	-1,812	-1,812
Allocation of continuing income to restricted share awards	-50	-35
Income (loss) from discontinued operations	0	447
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	860	3,237
Weighted average shares outstanding, Basic (in shares)	67,070	51,780
Income (loss) per common share, Basic	'	'
Continuing operations (in usd per share)	$0.01	$0.05
Discontinued operations (in usd per share)	$0	$0.01
Net income (loss) available to common shareholders (in usd per share)	$0.01	$0.06
Basic Shares	'	'
Class of Stock [Line Items]	'	'
Income from continuing operations attributable to RPT	810	2,771
Income (loss) from discontinued operations	0	447
Net (income) loss from discontinued operations attributable to noncontrolling interest	0	-16
Allocation of discontinued income to restricted share awards	0	-4
Income from discontinued operations attributable to RPT	0	427
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$810	$3,198

Earnings_Per_Common_Share_Comp1

Earnings Per Common Share - Computation of Diluted Earnings Per Share ("EPS") (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Class of Stock [Line Items]	'		'
Income from continuing operations	$2,761		$4,827
Net income from continuing operations attributable to noncontrolling interest	-89		-209
Preferred share dividends	-1,812		-1,812
Allocation of continuing income to restricted share awards	-50		-35
Allocation of over distributed continuing income to restricted share awards	0		-4
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	860		3,237
Weighted average shares outstanding, Basic (in shares)	67,070		51,780
Stock options and restricted stock awards using the treasury method (in shares)	244		432
Dilutive effect of securities (in shares)	0	[1]	0	[1]
Weighted average shares outstanding, Diluted (in shares)	67,314		52,212
Income (loss) per common share, Diluted	'		'
Continuing operations (in usd per share)	$0.01		$0.05
Discontinued operations (in usd per share)	$0		$0.01
Net income (loss) available to common shareholders (in usd per share)	$0.01		$0.06
Diluted Shares	'		'
Class of Stock [Line Items]	'		'
Income from continuing operations attributable to RPT	810		2,767
Income from discontinued operations	0		447
Net income from discontinued operations attributable to noncontrolling interest	0		-16
Allocation of discontinued income to restricted share awards	0		-1
Income from discontinued operations attributable to RPT	0		430
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$810		$3,197

[1]	The assumed conversion of preferred shares are anti-dilutive for all periods presented and accordingly, have been excluded from the weighted average common shares used to compute diluted EPS.

ShareBased_Compensation_Plans_

Share-Based Compensation Plans - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share based compensation, number of options terminated	203,454	'
Share-based compensation expenses	$0.50	$0.50
Performance-based liability awards, measurement period	'3 years	'
Share based compensation, restricted stock options description	'Per the plan 50% vested on the date of the grant and the balance vest on the first anniversary of the date of the grant.	'
Percentage of award to be paid in cash	50.00%	'
Compensation expense related to cash awards	0.6	0.5
Total unrecognized compensation expense	$7	'
Total unrecognized compensation expense, weighted average period of recognition	'4 years 10 months 24 days	'
Long-Term Incentive Plan ("LTIP")	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Number of shares authorized for grant	2,000,000	'
Share based compensation, number of options available for issuance	1,737,492	'
Restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Service based restricted stock, shares granted during period	'	159,424
Performance-based liability awards, measurement period	'3 years	'
Share based compensation, restricted stock options percentage vested per the plan	'	50.00%
Service-based restricted stock	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Service based restricted stock, shares granted during period	'	114,114
Service based restricted stock, vesting period	'	'5 years

Taxes_Additional_Information_D

Taxes - Additional Information (Detail) (USD $)	3 Months Ended
Taxes - Additional Information (Detail) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Income Taxes [Line Items]	'	'
Percentage of taxable income required to distribute annually to maintain REIT qualification, (in hundredths)	90.00%	'
Income tax provision	$17,000	$43,000
Federal and State Income Taxes	'	'
Income Taxes [Line Items]	'	'
Federal and state deferred tax asset	10,400,000	'
Federal and state deferred tax asset, valuation allowance	$10,100,000	'

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'	'
Construction costs related to development and expansion	$23.40	'
Operating and capital leases expenses	$0.30	$0.40

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Details) (Subsequent Event, Naples Towne Center, USD $)	1 Months Ended
In Millions, unless otherwise specified	Apr. 29, 2014
Subsequent Event \| Naples Towne Center	'
Subsequent Event [Line Items]	'
Proceeds from sale of real estate	$7.20