RPT Realty (KIM+N) 10-Q4 May 172017 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2017	Apr. 27, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	RAMCO GERSHENSON PROPERTIES TRUST
Entity Central Index Key	842,183
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	RPT
Entity Common Stock, Shares Outstanding		79,343,429

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Income producing properties, at cost:
Land	$ 420,450	$ 374,889
Buildings and improvements	1,861,025	1,757,781
Less accumulated depreciation and amortization	(358,979)	(345,204)
Income producing properties, net	1,922,496	1,787,466
Construction in progress and land available for development or sale	63,341	61,224
Real estate held for sale	0	8,776
Net real estate	1,985,837	1,857,466
Equity investments in unconsolidated joint ventures	2,855	3,150
Cash and cash equivalents	4,486	3,582
Restricted cash and escrows	31,785	11,144
Accounts receivable (net of allowance for doubtful accounts of $1,914 and $1,861 as of March 31, 2017 and December 31, 2016, respectively)	26,888	24,016
Acquired lease intangibles, net	80,965	72,424
Other assets, net	93,342	89,716
TOTAL ASSETS	2,226,158	2,061,498
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable, net	1,192,312	1,021,223
Capital lease obligation	1,066	1,066
Accounts payable and accrued expenses	51,404	57,357
Acquired lease intangibles, net	68,903	63,734
Other liabilities	6,488	6,800
Distributions payable	19,653	19,627
TOTAL LIABILITIES	1,339,826	1,169,807
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), 1,849 shares issued and outstanding as of March 31, 2017 and December 31, 2016	92,427	92,427
Common shares of beneficial interest, $0.01 par, 120,000 shares authorized, 79,343 and 79,272 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively	793	793
Additional paid-in capital	1,158,590	1,158,430
Accumulated distributions in excess of net income	(388,048)	(381,912)
Accumulated other comprehensive income	1,691	985
TOTAL SHAREHOLDERS' EQUITY ATTRIBUTABLE TO RPT	865,453	870,723
Noncontrolling interest	20,879	20,968
TOTAL SHAREHOLDERS' EQUITY	886,332	891,691
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,226,158	$ 2,061,498

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Accounts receivable, allowance for doubtful accounts	$ 1,914	$ 1,861
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)	79,343,000	79,272,000
Common shares of beneficial interest, shares outstanding (in shares)	79,343,000	79,272,000
Series D Preferred Stock
Preferred shares, par (in usd per share)	$ 0.01	$ 0.01
Preferred shares, shares authorized (in shares)	2,000,000	2,000,000
Cumulative Perpetual Convertible Preferred Shares, shares issued (in shares)	1,849,000	1,849,000
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 Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
REVENUE
Minimum rent	$ 49,437	$ 48,396
Percentage rent	238	302
Recovery income from tenants	16,891	16,746
Other property income	1,106	958
Management and other fee income	153	110
TOTAL REVENUE	67,825	66,512
EXPENSES
Real estate taxes	10,993	10,308
Recoverable operating expense	7,608	8,080
Non-recoverable operating expense	1,148	1,394
Depreciation and amortization	22,817	23,847
Acquisition costs	0	59
General and administrative expense	6,451	5,605
Provision for impairment	5,717	0
TOTAL EXPENSES	54,734	49,293
OPERATING INCOME	13,091	17,219
OTHER INCOME AND EXPENSES
Other expense, net	(311)	(347)
Gain on sale of real estate	11,375	6,525
Earnings from unconsolidated joint ventures	86	109
Interest expense	(10,799)	(11,302)
INCOME BEFORE TAX	13,442	12,204
Income tax provision	(28)	(62)
NET INCOME	13,414	12,142
Net income attributable to noncontrolling partner interest	(316)	(297)
NET INCOME ATTRIBUTABLE TO RPT	13,098	11,845
Preferred share dividends	(1,675)	(1,675)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 11,423	$ 10,170
EARNINGS PER COMMON SHARE
Basic (in USD per share)	$ 0.14	$ 0.13
Diluted (in USD per share)	$ 0.14	$ 0.13
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)	79,299	79,194
Diluted (in shares)	79,481	79,372
Cash Dividend Declared per Common Share (in dollars per share)	$ 0.22	$ 0.21
OTHER COMPREHENSIVE INCOME
Net income	$ 13,414	$ 12,142
Other comprehensive gain (loss):
Gain (loss) on interest rate swaps	723	(4,777)
Comprehensive income	14,137	7,365
Comprehensive income attributable to noncontrolling interest	(333)	(180)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RPT	$ 13,804	$ 7,185

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Shareholders' Equity - 3 months ended Mar. 31, 2017 - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Distributions in Excess of Net Income	Accumulated Other Comprehensive Income	Noncontrolling Interest
Beginning balance at Dec. 31, 2016	$ 891,691	$ 92,427	$ 793	$ 1,158,430	$ (381,912)	$ 985	$ 20,968
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of issuance costs	(24)			(24)
Share-based compensation and other expense, net of shares withheld for employee taxes	184		0	184
Dividends declared to common shareholders	(17,458)				(17,458)
Dividends declared to preferred shareholders	(1,675)				(1,675)
Distributions declared to noncontrolling interests	(422)						(422)
Dividends declared to deferred shares	(101)				(101)
Other comprehensive income adjustment	723					706	17
Net income	13,414				13,098		316
Ending balance at Mar. 31, 2017	$ 886,332	$ 92,427	$ 793	$ 1,158,590	$ (388,048)	$ 1,691	$ 20,879

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
OPERATING ACTIVITIES
Net income	$ 13,414	$ 12,142
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	22,817	23,847
Amortization of deferred financing fees	346	380
Income tax provision	28	62
Earnings from unconsolidated joint ventures	(86)	(109)
Distributions received from operations of unconsolidated joint ventures	374	58
Provision for impairment	5,717	0
Gain on sale of real estate	(11,375)	(6,525)
Amortization of premium on mortgages, net	(292)	(468)
Service-based restricted share expense	645	641
Long-term incentive cash and equity compensation (benefit) expense	(118)	409
Changes in assets and liabilities:
Accounts receivable, net	(2,872)	1,388
Acquired lease intangibles and other assets, net	277	1,602
Accounts payable, acquired lease intangibles and other liabilities	(3,388)	(6,661)
Net cash provided by operating activities	25,487	26,766
INVESTING ACTIVITIES
Acquisition of real estate	(164,763)	0
Development and capital improvements	(13,656)	(17,306)
Net proceeds from sales of real estate	1,292	12,681
Change in restricted cash	1,489	(21)
Net cash used in investing activities	(175,638)	(4,646)
FINANCING ACTIVITIES
Repayments of mortgages and notes payable	(806)	(21,497)
Proceeds on revolving credit facility	178,000	16,000
Repayments on revolving credit facility	(6,000)	0
Payment of deferred financing costs	0	(374)
Proceeds, net of costs, from issuance of common stock	(24)	0
Shares used for employee taxes upon vesting of awards	(485)	(431)
Dividends paid to preferred shareholders	(1,675)	(1,675)
Dividends paid to common shareholders	(17,533)	(16,710)
Distributions paid to operating partnership unit holders	(422)	(422)
Net cash provided by (used in) financing activities	151,055	(25,109)
Net change in cash and cash equivalents	904	(2,989)
Cash and cash equivalents at beginning of period	3,582	6,644
Cash and cash equivalents at end of period	4,486	3,655
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest (net of capitalized interest of $54 and $204 in 2017 and 2016, respectively)	6,714	9,431
Proceeds from dispositions held in escrow	$ 26,130	$ 0

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Cash Flows (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Cash Flows [Abstract]
Cash paid for interest, capitalized interest	$ 54	$ 204

Organization and Basis of Prese

Organization and Basis of Presentations	3 Months Ended
Organization and Basis of Presentations	Mar. 31, 2017
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 large multi-anchored shopping centers primarily in a number of the largest metropolitan markets in the central United States. As of March 31, 2017 , our property portfolio consisted of 65 wholly owned shopping center comprising approximately 15.0 million square feet. We also have ownership interests of 7% , 20% and 30% , respectively, in three joint ventures. Our joint ventures are reported using equity method accounting. We earn fees from the joint ventures for managing, leasing and redeveloping the shopping centers they own. In addition, we own interests in several land parcels that are available for development or sale. Most of our properties are anchored by supermarkets and/or national chain stores. Our 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. (the "OP") ( 97.6% owned by the Company at March 31, 2017 and December 31, 2016 , respectively), 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, 2016 . 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. Recently Adopted Accounting Pronouncements In January 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2017-01, "Clarifying the Definition of a Business" ("ASU 2017-01"). ASU 2017-01 changes the definition of a business to exclude acquisitions where substantially all of the fair value of the assets acquired are concentrated in a single identifiable asset or a group of similar identifiable assets. While there are various differences between the accounting for an asset acquisition and a business combination, the largest impact is certain transaction costs are capitalized for asset acquisitions rather than expensed when they are considered business combinations. ASU 2017-01 is effective January 1, 2019, however the Company early adopted this standard during the first quarter of 2017. In March 2016, the FASB updated ASC Topic 718 "Compensation - Stock Compensation" with ASU 2016-09 "Improvements to Employee Share-Based Payment Accounting" ("ASU 2016-09"). ASU 2016-09 simplifies several aspects of share-based payment award transactions, including tax consequences, classification of awards and the classification on the statement of cash flows. ASU 2016-09 is effective for annual periods (including interim periods within those periods) beginning after December 15, 2016. The adoption of this standard resulted in classifying cash paid by the Company to taxing authorities when directly withholding shares upon vesting as financing activities in the consolidated statements of cash flows. Recent Accounting Pronouncements In February 2017, the FASB issued ASU 2017-05 "Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets" ("ASU 2017-05"). ASU 2017-05 clarifies that a financial asset is within the scope of Subtopic 610-20 if it meets the definition of an in substance nonfinancial asset. ASU 2017-05 also defines the term in substance nonfinancial asset. It is effective for annual periods beginning after December 15, 2017. The adoption of this standard is not anticipated to have a material impact on the consolidated financial statements. In January 2017, the FASB issued ASU 2017-04 "Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"). ASU 2017-04 simplifies the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. ASU 2017-04 is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and should be applied on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not anticipate the adoption of ASU 2017-04 will have a material impact on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15 "Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), which clarifies the treatment of several cash flow categories. In addition, ASU 2016-15 clarifies that when cash receipts and cash payments have aspects of more than one class of cash flows and cannot be separated, classification will depend on the predominant source or use. This update is effective for annual periods beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted, including adoption in an interim period. We are currently evaluating the guidance and have not determined the impact this standard may have on our consolidated financial statements. In June 2016, the FASB updated Accounting Standards Codification ("ASC") Topic 326 "Financial Instruments - Credit Losses" with ASU 2016-13 “Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). ASU 2016-13 enhances the methodology of measuring expected credit losses to include the use of forward-looking information to better inform credit loss estimates. ASU 2016-13 is effective for annual periods (including interim periods within those periods) beginning after December 15, 2019. We are currently evaluating the guidance and have not determined the impact this standard may have on our consolidated financial statements. In February 2016, the FASB updated ASC Topic 842 "Leases" ("ASU 2016-02"). ASU 2016-02 requires lessees to record operating and financing leases as assets and liabilities on the balance sheet and lessors to expense costs that are not direct leasing costs. ASU 2016-02 is effective for periods beginning after December 15, 2018, with early adoption permitted upon issuance using a modified retrospective approach. We are currently evaluating the effect that ASU 2016-02 will have on our consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 is a comprehensive revenue recognition standard that will supersede nearly all existing GAAP revenue recognition guidance as well as impact the existing GAAP guidance governing the sale of non-financial assets. The standard’s core principle is that a company will recognize revenue when it satisfies performance obligations, by transferring promised goods or services to customers, in an amount that reflects the consideration to which the company expects to be entitled in exchange for fulfilling those performance obligations. In doing so, companies will need to exercise more judgment and make more estimates than under existing GAAP guidance. ASU 2014-09 will be effective for public entities for annual and interim reporting periods beginning after December 15, 2017 and early adoption is permitted in periods ending after December 15, 2016. We have not yet selected a transition method nor have we determined the effect of ASU 2014-09 on our consolidated financial statements.

Real Estate

Real Estate	3 Months Ended
Real Estate	Mar. 31, 2017
Real Estate [Abstract]
Real Estate	Real Estate Included in our net real estate assets are income producing properties that are recorded at cost less accumulated depreciation and amortization, construction in process and land available for development or sale. 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. For the three months ended March 31, 2017 , we recorded an impairment provision totaling $5.7 million on shopping centers classified as income producing. The adjustment was triggered by changes in the associated market price and expected hold period assumptions related to these shopping centers. To estimate fair value, we use discounted cash flow models that include assumptions of the discount rates that market participants would use in pricing an asset or market pricing from potential or comparable transactions. Land available for development or 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 available for development or sale was $36.9 million and $37.8 million at March 31, 2017 and December 31, 2016 , respectively. Construction in progress represents existing development, 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 $26.4 million and $23.4 million at March 31, 2017 and December 31, 2016 , respectively. The increase in construction in progress from December 31, 2016 to March 31, 2017 was due primarily to ongoing redevelopment and expansion projects across the portfolio.

Property Acquisitions and Dispo

Property Acquisitions and Dispositions	3 Months Ended
Property Acquisitions and Dispositions	Mar. 31, 2017
Business Combinations [Abstract]
Property Acquisitions and Dispositions	Property Acquisitions and Dispositions Acquisitions The following table provides a summary of our acquisitions for the three months ended March 31, 2017 : Gross Property Name Location GLA Acreage Date Purchase Assumed (In thousands) (In thousands) Providence Marketplace Mt. Juliet, TN 632 N/A 02/17/17 $ 115,126 $ — Webster Place Chicago, IL 135 N/A 02/17/17 53,162 — Total consolidated income producing acquisitions 767 — $ 168,288 $ — Troy Marketplace - Outparcel Troy, MI N/A 0.5 01/17/17 $ 475 $ — Total consolidated land / outparcel acquisitions — 0.5 $ 475 $ — Total Acquisitions 767 0.5 $ 168,763 $ — The aggregate fair value of our 2017 acquisitions through March 31, 2017 , was allocated and is reflected in the following table. Allocated Fair Value (In thousands) Land $ 51,056 Buildings and improvements 107,156 Above market leases 409 Lease origination costs 12,885 Other assets 3,899 Below market leases (6,642 ) Net assets acquired $ 168,763 Total revenue and net income for the 2017 acquisitions included in our condensed consolidated statement of operations for the three months ended March 31, 2017 were as follows: Three Months Ended March 31, 2017 (In thousands) Total revenue from 2017 acquisitions $ 1,751 Net income from 2017 acquisitions $ 247 Unaudited Proforma Information If the 2017 acquisitions had occurred on January 1, 2016, our consolidated revenues and net income for the three months ended March 31, 2017 and 2016 would have been as follows: Three Months ended March 31, 2017 2016 (In thousands) Consolidated revenue $ 69,577 $ 68,264 Consolidated net income available to common shareholders $ 11,665 $ 10,411 Dispositions The following table provides a summary of our disposition activity for the three months ended March 31, 2017 : Gross Property Name Location GLA Acreage Date Sold Sales Price Gain on Sale (In thousands) (In thousands) Auburn Mile Auburn Hills, MI 91 N/A 03/17/17 $ 13,311 $ 7,005 Oak Brook Square Flint, MI 152 N/A 02/10/17 14,200 4,185 Total income producing dispositions 243 — $ 27,511 $ 11,190 Lakeland Park Center - Outparcel Lakeland, FL N/A 1.8 03/31/17 $ 1,305 $ 185 Total outparcel dispositions — 1.8 $ 1,305 $ 185 Total consolidated dispositions 243 1.8 $ 28,816 $ 11,375 Approximately $26.1 million of the net proceeds related to the Auburn Mile and Oak Brook Square dispositions were placed into escrow at closing to complete an Internal Revenue Code section 1031 exchange. These proceeds are included in Restricted Cash and Escrows on the condensed consolidated balance sheet as of March 31, 2017.

Equity Investments in Unconsoli

Equity Investments in Unconsolidated Joint Ventures	3 Months Ended
Equity Investments in Unconsolidated Joint Ventures	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments in Unconsolidated Joint Ventures	Equity Investments in Unconsolidated Joint Ventures We have three joint venture agreements whereby we own 7% , 20% and 30% , respectively, of the equity in each 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, 2017 December 31, 2016 (In thousands) ASSETS Investment in real estate, net $ 43,645 $ 43,995 Other assets 2,964 3,712 Total Assets $ 46,609 $ 47,707 LIABILITIES AND OWNERS' EQUITY Other liabilities $ 400 $ 219 Owners' equity 46,209 47,488 Total Liabilities and Owners' Equity $ 46,609 $ 47,707 RPT's equity investments in unconsolidated joint ventures $ 2,855 $ 3,150 Three Months Ended March 31, Statements of Operations 2017 2016 (In thousands) Total revenue $ 1,163 $ 1,709 Total expenses 708 1,047 Net income $ 455 $ 662 RPT's share of earnings from unconsolidated joint ventures $ 86 $ 109 Acquisitions There was no acquisition activity in the three months ended March 31, 2017 by any of our unconsolidated joint ventures. Dispositions There was no disposition activity in the three months ended March 31, 2017 by any of our unconsolidated joint ventures. Joint Venture Management and Other Fee Income We are engaged by our joint ventures to provide asset management, property management, leasing and investing services for such ventures' 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, 2017 2016 (In thousands) Management fees $ 74 $ 95 Leasing fees 79 14 Construction fees — 1 Total $ 153 $ 110

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes our mortgages and notes payable and capital lease obligation as of March 31, 2017 and December 31, 2016 : Notes Payable and Capital Lease Obligation March 31, December 31, (In thousands) Senior unsecured notes $ 535,000 $ 535,000 Unsecured term loan facilities 210,000 210,000 Fixed rate mortgages 159,913 160,718 Unsecured revolving credit facility 258,000 86,000 Junior subordinated notes 28,125 28,125 1,191,038 1,019,843 Unamortized premium 4,829 5,120 Unamortized deferred financing costs (3,555 ) (3,740 ) Total notes payable $ 1,192,312 $ 1,021,223 Capital lease obligation $ 1,066 $ 1,066 Senior unsecured notes and unsecured term loans Our $745.0 million of senior unsecured notes and unsecured term loans have interest rates ranging from 2.99% to 4.74% and are due at various maturity dates from May 2020 through November 2028. Mortgages Our $159.9 million of fixed rate mortgages have interest rates ranging from 2.86% to 7.38% and are due at various maturity dates from January 2018 through June 2026 . The fixed rate mortgages are secured by properties that have an approximate net book value of $252.4 million as of March 31, 2017 . It is our intent to repay the mortgages maturing in 2018 using cash, borrowings under our unsecured line of credit, or other sources of financing. The mortgage loans encumbering our properties 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. Revolving Credit Facility As of March 31, 2017 we had $258.0 million outstanding under our revolving credit facility, an increase of $172.0 million during the quarter, as a result of borrowings principally to fund acquisitions of properties. After adjusting for outstanding letters of credit issued under our revolving credit facility, not reflected in the accompanying condensed consolidated balance sheets, totaling $0.5 million , we had $91.5 million of availability under our revolving credit facility. The interest rate as of March 31, 2017 was 2.30% . 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, 2017 , we were in compliance with these covenants. Junior Subordinated Notes Our junior subordinated notes have a variable rate of LIBOR plus 3.30% . The maturity date is January 2038. The following table presents scheduled principal payments on mortgages and notes payable as of March 31, 2017 : Year Ending December 31, (In thousands) 2017 $ 2,398 2018 (1) 297,132 2019 5,859 2020 102,269 2021 114,508 Thereafter 668,872 Subtotal debt 1,191,038 Unamortized premium 4,829 Unamortized deferred financing costs (3,555 ) Total debt $ 1,192,312 (1) Scheduled maturities in 2018 include the $258.0 million balance on the unsecured revolving credit facility drawn as of March 31, 2017 . The unsecured revolving credit facility has a one -year extension available at the Company's option provided compliance with financial covenants is maintained. 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, 2017 , we were in compliance with these covenants.

Fair Value

Fair Value	3 Months Ended
Fair Value	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value	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 7 Derivative Financial Instruments of the notes to the condensed consolidated financial statements 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, 2017 and December 31, 2016. Total Balance Sheet Location Fair Value Level 2 March 31, 2017 (In thousands) Derivative assets - interest rate swaps Other assets $ 2,511 $ 2,511 Derivative liabilities - interest rate swaps Other liabilities $ (945 ) $ (945 ) December 31, 2016 Derivative assets - interest rate swaps Other assets $ 2,143 $ 2,143 Derivative liabilities - interest rate swaps Other liabilities $ (1,300 ) $ (1,300 ) 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, assume the debt is outstanding through maturity and consider the debt’s collateral (if applicable). Since such amounts are estimates that are based on limited available market information for similar transactions (Level 3), 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 $904.9 million and $905.7 million as of March 31, 2017 and December 31, 2016 , respectively, had fair values of approximately $900.7 million and $900.3 million , respectively. Variable rate debt’s fair value is estimated to be the carrying values of $286.1 million and $114.1 million as of March 31, 2017 and December 31, 2016 , respectively. 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 or pricing from potential or comparable market transactions. 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. During the three months ended March 31, 2017, certain income producing shopping centers with a fair value of approximately $60.0 million incurred an impairment charge of $5.7 million . We did not have any material liabilities that were required to be measured at fair value on a nonrecurring basis during the period.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Mar. 31, 2017
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. We may also enter into forward starting swaps to set the effective interest rate on planned variable rate financing. 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 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, for example, 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 and LIBOR rate. Changes in the fair values are immediately included in other income and expenses. At March 31, 2017 , all of our hedges were effective. The following table summarizes the notional values and fair values of our derivative financial instruments as of March 31, 2017 : Hedge Notional Fixed Fair Expiration Underlying Debt Type Value Rate Value Date (In thousands) (In thousands) Derivative Assets Unsecured term loan Cash Flow $ 50,000 1.460 % $ 330 05/2020 Unsecured term loan Cash Flow 20,000 1.498 % 250 05/2021 Unsecured term loan Cash Flow 15,000 1.490 % 192 05/2021 Unsecured term loan Cash Flow 40,000 1.480 % 553 05/2021 $ 125,000 $ 1,325 Derivative Assets - Forward Swaps Unsecured term loan Cash Flow 60,000 1.770 % 1,186 03/2023 Total Derivative Assets $ 185,000 $ 2,511 Derivative Liabilities Unsecured term loan Cash Flow $ 30,000 2.048 % $ (344 ) 10/2018 Unsecured term loan Cash Flow 25,000 1.850 % (186 ) 10/2018 Unsecured term loan Cash Flow 5,000 1.840 % (41 ) 10/2018 Unsecured term loan Cash Flow 15,000 2.150 % (228 ) 05/2020 Unsecured term loan Cash Flow 10,000 2.150 % (146 ) 05/2020 Total Derivative Liabilities $ 85,000 $ (945 ) The effect of derivative financial instruments on our condensed consolidated statements of operations for the three months ended March 31, 2017 and 2016 is summarized as follows: Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion) Derivatives in Cash Flow Hedging Relationship Three Months Ended March 31, Three Months Ended March 31, 2017 2016 2017 2016 (In thousands) (In thousands) Interest rate contracts - assets $ 522 $ (716 ) Interest Expense $ (154 ) $ (74 ) Interest rate contracts - liabilities 648 (4,659 ) Interest Expense (293 ) (524 ) Total $ 1,170 $ (5,375 ) Total $ (447 ) $ (598 )

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
Earnings Per Common Share	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per share (“EPS”): Three Months Ended March 31, 2017 2016 (In thousands, except per share data) Net income $ 13,414 $ 12,142 Net income attributable to noncontrolling interest (316 ) (297 ) Allocation of income to restricted share awards (94 ) — Income attributable to RPT 13,004 11,845 Preferred share dividends (1,675 ) (1,675 ) Net income available to common shareholders $ 11,329 $ 10,170 Weighted average shares outstanding, Basic 79,299 79,194 Restricted stock awards using the treasury method 182 178 Weighted average shares outstanding, Diluted 79,481 79,372 Income per common share, Basic $ 0.14 $ 0.13 Income per common share, Diluted $ 0.14 $ 0.13 We exclude certain securities from the computation of diluted earnings per share because the inclusion of these securities would have been anti-dilutive. The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share and the number of common shares each was convertible into (amounts in thousands): March 31, 2017 March 31, 2016 Convertible Convertible Outstanding Into Outstanding Into Operating Partnership Units 1,917 1,917 2,001 2,001 Series D Preferred Shares 1,849 6,657 1,849 6,572 Performance Share Units 104 — — — 3,870 8,574 3,850 8,573

Share-based Compensation Plans

Share-based Compensation Plans	3 Months Ended
Share-based Compensation Plans	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation Plans	Share-based Compensation Plans As of March 31, 2017 , 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 any Company 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 2.0 million shares of our common stock, units or stock options, of which 1.3 million remained available for issuance as of March 31, 2017 . As of March 31, 2017 , we had 391,402 unvested share awards granted under the 2012 LTIP and other plans which terminated when the 2012 LTIP became effective. These awards have various expiration dates through March 2022. During the three months ended March 31, 2017 , we had the following awards: • granted 151,960 shares of service-based restricted stock. The service-based awards were valued based on our closing stock price as of the grant date; and • granted performance-based equity and cash awards that are earned subject to a future performance measurement based on a three -year shareholder return peer comparison (“TSR Grants”). The service-based restricted share awards vest over five years and the compensation expense is recognized on a graded vesting basis. We recognized expense related to restricted share grants of $0.6 million and $0.6 million for the three months ended March 31, 2017 and March 31, 2016 , respectively. Pursuant to ASC 718 – Stock Compensation, we determine the grant date fair value of TSR Grants that will be settled in cash, 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 criterion is not met, compensation expense related to the cash awards previously recognized would be reversed. Compensation expense related to the cash awards was a benefit of $0.1 million and an expense of $0.4 million for the three months ended March 31, 2017 and March 31, 2016 , respectively. The Company also determines the grant date fair value of the TSR Grants that will be settled in equity based upon a Monte Carlo simulation model and recognize the compensation expense ratably over the requisite service period. These equity awards are not re-valued at the end of each quarter. The compensation cost will be recognized regardless of whether the performance criterion are met, provided the requisite service has been provided. Compensation expense related to the equity awards was an expense of $ 26 thousand and $0 for the three months ended March 31, 2017 and March 31, 2016 , respectively. We recognized total share-based compensation expense of $0.5 million and $1.0 million for the three months ended March 31, 2017 and March 31, 2016 , respectively. As of March 31, 2017 , we had $6.4 million of total unrecognized compensation expense related to unvested restricted shares and performance based equity and cash awards. This expense is expected to be recognized over a weighted-average period of 3.5 years.

Taxes

Taxes	3 Months Ended
Taxes	Mar. 31, 2017
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, land basis differences, and net operating loss carry forwards. As of March 31, 2017 , we had a federal and state deferred tax asset of $11.3 million and a valuation allowance of $11.3 million . Our deferred tax assets are reduced by an offsetting valuation allowance where there is uncertainty regarding their realizability. We believe that it is more likely than not that the results of future operations will not generate sufficient taxable income to recognize the 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. If in the future we are able to conclude it is more likely than not that we will realize a future benefit from a deferred tax asset, we will reduce the related valuation allowance by the appropriate amount. The first time this occurs, it will result in a net deferred tax asset on our balance sheet and an income tax benefit of equal magnitude in our statement of operations in the period we make the determination. We recorded income tax provisions of approximately $28 thousand and $62 thousand for the three months ended March 31, 2017 and 2016 , 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, 2017
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, 2017 , we had entered into agreements for construction costs of approximately $10.3 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 Operating Leases We lease office space for our corporate headquarters under an operating lease that expires in August 2019. We also have a ground lease at Centennial Shops located in Edina, Minnesota. The lease includes rent escalations throughout the lease period and expires in April 2105. We recognized rent expense related to these operating leases of $0.4 million and $0.1 million for the three months ended March 31, 2017 and 2016 , respectively. Capital Lease We have a ground lease at Buttermilk Towne Center which we have recorded as a capital lease that expires in December 2032. Interest expense for this capital lease was negligible for the three months ended March 31, 2017 and 2016 , respectively.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated subsequent events through the date that the condensed consolidated financial statements were issued.

Organization and Basis of Pre20

Organization and Basis of Presentations (Policies)	3 Months Ended
Organization and Basis of Presentations (Policies)	Mar. 31, 2017
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 large multi-anchored shopping centers primarily in a number of the largest metropolitan markets in the central United States. As of March 31, 2017 , our property portfolio consisted of 65 wholly owned shopping center comprising approximately 15.0 million square feet. We also have ownership interests of 7% , 20% and 30% , respectively, in three joint ventures. Our joint ventures are reported using equity method accounting. We earn fees from the joint ventures for managing, leasing and redeveloping the shopping centers they own. In addition, we own interests in several land parcels that are available for development or sale. Most of our properties are anchored by supermarkets and/or national chain stores. Our 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. (the "OP") ( 97.6% owned by the Company at March 31, 2017 and December 31, 2016 , respectively), 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, 2016 . 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2017, the FASB issued ASU 2017-05 "Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets" ("ASU 2017-05"). ASU 2017-05 clarifies that a financial asset is within the scope of Subtopic 610-20 if it meets the definition of an in substance nonfinancial asset. ASU 2017-05 also defines the term in substance nonfinancial asset. It is effective for annual periods beginning after December 15, 2017. The adoption of this standard is not anticipated to have a material impact on the consolidated financial statements. In January 2017, the FASB issued ASU 2017-04 "Simplifying the Test for Goodwill Impairment" ("ASU 2017-04"). ASU 2017-04 simplifies the accounting for goodwill impairment by removing Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. ASU 2017-04 is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, and should be applied on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company does not anticipate the adoption of ASU 2017-04 will have a material impact on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15 "Classification of Certain Cash Receipts and Cash Payments" ("ASU 2016-15"), which clarifies the treatment of several cash flow categories. In addition, ASU 2016-15 clarifies that when cash receipts and cash payments have aspects of more than one class of cash flows and cannot be separated, classification will depend on the predominant source or use. This update is effective for annual periods beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted, including adoption in an interim period. We are currently evaluating the guidance and have not determined the impact this standard may have on our consolidated financial statements. In June 2016, the FASB updated Accounting Standards Codification ("ASC") Topic 326 "Financial Instruments - Credit Losses" with ASU 2016-13 “Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). ASU 2016-13 enhances the methodology of measuring expected credit losses to include the use of forward-looking information to better inform credit loss estimates. ASU 2016-13 is effective for annual periods (including interim periods within those periods) beginning after December 15, 2019. We are currently evaluating the guidance and have not determined the impact this standard may have on our consolidated financial statements. In February 2016, the FASB updated ASC Topic 842 "Leases" ("ASU 2016-02"). ASU 2016-02 requires lessees to record operating and financing leases as assets and liabilities on the balance sheet and lessors to expense costs that are not direct leasing costs. ASU 2016-02 is effective for periods beginning after December 15, 2018, with early adoption permitted upon issuance using a modified retrospective approach. We are currently evaluating the effect that ASU 2016-02 will have on our consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 is a comprehensive revenue recognition standard that will supersede nearly all existing GAAP revenue recognition guidance as well as impact the existing GAAP guidance governing the sale of non-financial assets. The standard’s core principle is that a company will recognize revenue when it satisfies performance obligations, by transferring promised goods or services to customers, in an amount that reflects the consideration to which the company expects to be entitled in exchange for fulfilling those performance obligations. In doing so, companies will need to exercise more judgment and make more estimates than under existing GAAP guidance. ASU 2014-09 will be effective for public entities for annual and interim reporting periods beginning after December 15, 2017 and early adoption is permitted in periods ending after December 15, 2016. We have not yet selected a transition method nor have we determined the effect of ASU 2014-09 on our consolidated financial statements.

Property Acquisitions and Dis21

Property Acquisitions and Dispositions (Tables)	3 Months Ended
Property Acquisitions and Dispositions (Tables)	Mar. 31, 2017
Business Combinations [Abstract]
Schedule of Acquisitions	The following table provides a summary of our acquisitions for the three months ended March 31, 2017 : Gross Property Name Location GLA Acreage Date Purchase Assumed (In thousands) (In thousands) Providence Marketplace Mt. Juliet, TN 632 N/A 02/17/17 $ 115,126 $ — Webster Place Chicago, IL 135 N/A 02/17/17 53,162 — Total consolidated income producing acquisitions 767 — $ 168,288 $ — Troy Marketplace - Outparcel Troy, MI N/A 0.5 01/17/17 $ 475 $ — Total consolidated land / outparcel acquisitions — 0.5 $ 475 $ — Total Acquisitions 767 0.5 $ 168,763 $ —
Summary of Total Aggregate Fair Value of Acquisitions Allocated	The aggregate fair value of our 2017 acquisitions through March 31, 2017 , was allocated and is reflected in the following table. Allocated Fair Value (In thousands) Land $ 51,056 Buildings and improvements 107,156 Above market leases 409 Lease origination costs 12,885 Other assets 3,899 Below market leases (6,642 ) Net assets acquired $ 168,763
Pro Forma Information	If the 2017 acquisitions had occurred on January 1, 2016, our consolidated revenues and net income for the three months ended March 31, 2017 and 2016 would have been as follows: Three Months ended March 31, 2017 2016 (In thousands) Consolidated revenue $ 69,577 $ 68,264 Consolidated net income available to common shareholders $ 11,665 $ 10,411 Total revenue and net income for the 2017 acquisitions included in our condensed consolidated statement of operations for the three months ended March 31, 2017 were as follows: Three Months Ended March 31, 2017 (In thousands) Total revenue from 2017 acquisitions $ 1,751 Net income from 2017 acquisitions $ 247
Summary of Disposal Activity	The following table provides a summary of our disposition activity for the three months ended March 31, 2017 : Gross Property Name Location GLA Acreage Date Sold Sales Price Gain on Sale (In thousands) (In thousands) Auburn Mile Auburn Hills, MI 91 N/A 03/17/17 $ 13,311 $ 7,005 Oak Brook Square Flint, MI 152 N/A 02/10/17 14,200 4,185 Total income producing dispositions 243 — $ 27,511 $ 11,190 Lakeland Park Center - Outparcel Lakeland, FL N/A 1.8 03/31/17 $ 1,305 $ 185 Total outparcel dispositions — 1.8 $ 1,305 $ 185 Total consolidated dispositions 243 1.8 $ 28,816 $ 11,375

Equity Investments in Unconso22

Equity Investments in Unconsolidated Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Summary of Combined Financial Information for Unconsolidated Joint Ventures, Balance Sheets	The combined condensed financial information for our unconsolidated joint ventures is summarized as follows: Balance Sheets March 31, 2017 December 31, 2016 (In thousands) ASSETS Investment in real estate, net $ 43,645 $ 43,995 Other assets 2,964 3,712 Total Assets $ 46,609 $ 47,707 LIABILITIES AND OWNERS' EQUITY Other liabilities $ 400 $ 219 Owners' equity 46,209 47,488 Total Liabilities and Owners' Equity $ 46,609 $ 47,707 RPT's equity investments in unconsolidated joint ventures $ 2,855 $ 3,150
Summary of Combined Financial Information for Unconsolidated Entities, Statements of Operations	Three Months Ended March 31, Statements of Operations 2017 2016 (In thousands) Total revenue $ 1,163 $ 1,709 Total expenses 708 1,047 Net income $ 455 $ 662 RPT's share of earnings from unconsolidated joint ventures $ 86 $ 109
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, 2017 2016 (In thousands) Management fees $ 74 $ 95 Leasing fees 79 14 Construction fees — 1 Total $ 153 $ 110

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2017
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, 2017 and December 31, 2016 : Notes Payable and Capital Lease Obligation March 31, December 31, (In thousands) Senior unsecured notes $ 535,000 $ 535,000 Unsecured term loan facilities 210,000 210,000 Fixed rate mortgages 159,913 160,718 Unsecured revolving credit facility 258,000 86,000 Junior subordinated notes 28,125 28,125 1,191,038 1,019,843 Unamortized premium 4,829 5,120 Unamortized deferred financing costs (3,555 ) (3,740 ) Total notes payable $ 1,192,312 $ 1,021,223 Capital lease obligation $ 1,066 $ 1,066
Scheduled Principal Payments on Mortgages and Notes Payable	The following table presents scheduled principal payments on mortgages and notes payable as of March 31, 2017 : Year Ending December 31, (In thousands) 2017 $ 2,398 2018 (1) 297,132 2019 5,859 2020 102,269 2021 114,508 Thereafter 668,872 Subtotal debt 1,191,038 Unamortized premium 4,829 Unamortized deferred financing costs (3,555 ) Total debt $ 1,192,312 (1) Scheduled maturities in 2018 include the $258.0 million balance on the unsecured revolving credit facility drawn as of March 31, 2017 . The unsecured revolving credit facility has a one -year extension available at the Company's option provided compliance with financial covenants is maintained.

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
Fair Value (Tables)	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Recorded Amount of Assets and 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, 2017 and December 31, 2016. Total Balance Sheet Location Fair Value Level 2 March 31, 2017 (In thousands) Derivative assets - interest rate swaps Other assets $ 2,511 $ 2,511 Derivative liabilities - interest rate swaps Other liabilities $ (945 ) $ (945 ) December 31, 2016 Derivative assets - interest rate swaps Other assets $ 2,143 $ 2,143 Derivative liabilities - interest rate swaps Other liabilities $ (1,300 ) $ (1,300 )

Derivative Financial Instrume25

Derivative Financial Instruments (Tables)	3 Months Ended
Derivative Financial Instruments (Tables)	Mar. 31, 2017
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, 2017 : Hedge Notional Fixed Fair Expiration Underlying Debt Type Value Rate Value Date (In thousands) (In thousands) Derivative Assets Unsecured term loan Cash Flow $ 50,000 1.460 % $ 330 05/2020 Unsecured term loan Cash Flow 20,000 1.498 % 250 05/2021 Unsecured term loan Cash Flow 15,000 1.490 % 192 05/2021 Unsecured term loan Cash Flow 40,000 1.480 % 553 05/2021 $ 125,000 $ 1,325 Derivative Assets - Forward Swaps Unsecured term loan Cash Flow 60,000 1.770 % 1,186 03/2023 Total Derivative Assets $ 185,000 $ 2,511 Derivative Liabilities Unsecured term loan Cash Flow $ 30,000 2.048 % $ (344 ) 10/2018 Unsecured term loan Cash Flow 25,000 1.850 % (186 ) 10/2018 Unsecured term loan Cash Flow 5,000 1.840 % (41 ) 10/2018 Unsecured term loan Cash Flow 15,000 2.150 % (228 ) 05/2020 Unsecured term loan Cash Flow 10,000 2.150 % (146 ) 05/2020 Total Derivative Liabilities $ 85,000 $ (945 )
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, 2017 and 2016 is summarized as follows: Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion) Derivatives in Cash Flow Hedging Relationship Three Months Ended March 31, Three Months Ended March 31, 2017 2016 2017 2016 (In thousands) (In thousands) Interest rate contracts - assets $ 522 $ (716 ) Interest Expense $ (154 ) $ (74 ) Interest rate contracts - liabilities 648 (4,659 ) Interest Expense (293 ) (524 ) Total $ 1,170 $ (5,375 ) Total $ (447 ) $ (598 )

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
Earnings Per Common Share (Tables)	Mar. 31, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share (“EPS”): Three Months Ended March 31, 2017 2016 (In thousands, except per share data) Net income $ 13,414 $ 12,142 Net income attributable to noncontrolling interest (316 ) (297 ) Allocation of income to restricted share awards (94 ) — Income attributable to RPT 13,004 11,845 Preferred share dividends (1,675 ) (1,675 ) Net income available to common shareholders $ 11,329 $ 10,170 Weighted average shares outstanding, Basic 79,299 79,194 Restricted stock awards using the treasury method 182 178 Weighted average shares outstanding, Diluted 79,481 79,372 Income per common share, Basic $ 0.14 $ 0.13 Income per common share, Diluted $ 0.14 $ 0.13
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share and the number of common shares each was convertible into (amounts in thousands): March 31, 2017 March 31, 2016 Convertible Convertible Outstanding Into Outstanding Into Operating Partnership Units 1,917 1,917 2,001 2,001 Series D Preferred Shares 1,849 6,657 1,849 6,572 Performance Share Units 104 — — — 3,870 8,574 3,850 8,573

Organization and Basis of Pre27

Organization and Basis of Presentations - Additional Information (Detail) ft² in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017property	Dec. 31, 2016	Mar. 31, 2017partnership_unit	Mar. 31, 2017investment	Mar. 31, 2017ft²	Mar. 31, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Area of an real estate property (in sq feet) \| ft²					15
Number of joint ventures			3	3
Ownership interest in Ramco-Gershenson Properties, L. P. (as a percent)	97.60%	97.60%
Shopping Centers
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of real estate properties owned and managed \| property	65
Joint Venture One
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Ownership interest (as a percent)						7.00%
Joint Venture Two
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Ownership interest (as a percent)						20.00%
Joint Venture Three
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Ownership interest (as a percent)						30.00%

Real Estate - Additional Inform

Real Estate - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Real Estate [Abstract]
Provision for impairment	$ 5,717	$ 0
Land held for development or sale	36,900		$ 37,800
Constructions in progress	$ 26,400		$ 23,400

Property Acquisitions and Dis29

Property Acquisitions and Dispositions - Property Acquisitions (Details) ft² in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)aft²
Income Producing Property Acquisitions
Business Acquisition [Line Items]
GLA (in sq ft) \| ft²	767
Purchase Price	$ 168,288
Assumed Debt	$ 0
Land and Outparcel Acquisition
Business Acquisition [Line Items]
Acreage (in acres) \| a	0.5
Purchase Price	$ 475
Assumed Debt	$ 0
Income Producing Property and Land and Outparcel Acquisition
Business Acquisition [Line Items]
GLA (in sq ft) \| ft²	767
Acreage (in acres) \| a	0.5
Purchase Price	$ 168,763
Assumed Debt	$ 0
Providence Marketplace \| Income Producing Property Acquisitions
Business Acquisition [Line Items]
Location	Mt. Juliet, TN
GLA (in sq ft) \| ft²	632
Date Acquired	Feb. 17, 2017
Purchase Price	$ 115,126
Assumed Debt	$ 0
Webster Place \| Income Producing Property Acquisitions
Business Acquisition [Line Items]
Location	Chicago, IL
GLA (in sq ft) \| ft²	135
Date Acquired	Feb. 17, 2017
Purchase Price	$ 53,162
Assumed Debt	$ 0
Troy Marketplace - Outparcel \| Land and Outparcel Acquisition
Business Acquisition [Line Items]
Location	Troy, MI
Acreage (in acres) \| a	0.5
Date Acquired	Jan. 17, 2017
Purchase Price	$ 475
Assumed Debt	$ 0

Property Acquisitions and Dis30

Property Acquisitions and Dispositions - Total Aggregate Fair Value of Acquisitions Allocated (Details) $ in Thousands	Mar. 31, 2017USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net assets acquired	$ 168,763
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Land	51,056
Buildings and improvements	107,156
Lease origination costs	12,885
Other assets	3,899
Below market leases	(6,642)
Above Market Leases \| Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Above market leases	$ 409

Property Acquisitions and Dis31

Property Acquisitions and Dispositions - Revenue and Net Income for Acquisitions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Business Combinations [Abstract]
Total revenue from 2017 acquisitions	$ 1,751
Net income from 2017 acquisitions	$ 247

Property Acquisitions and Dis32

Property Acquisitions and Dispositions - Unaudited Pro Forma Information (Details) - Income Producing Property Acquisitions - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Business Acquisition [Line Items]
Consolidated revenue	$ 69,577	$ 68,264
Consolidated net income available to common shareholders	$ 11,665	$ 10,411

Property Acquisitions and Dis33

Property Acquisitions and Dispositions - Summary of Disposition Activity (Details) ft² in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)aft²
Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA (in sq ft) \| ft²	243
Acreage (in acres) \| a	0
Sales Price	$ 27,511
Gain on Sale	$ 11,190
Income Producing Property Dispositions \| Auburn Mile
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Location	Auburn Hills, MI
GLA (in sq ft) \| a	91,000
Date Sold	Mar. 17, 2017
Sales Price	$ 13,311
Gain on Sale	$ 7,005
Income Producing Property Dispositions \| Oak Brook Square
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Location	Flint, MI
GLA (in sq ft) \| a	152,000
Date Sold	Feb. 10, 2017
Sales Price	$ 14,200
Gain on Sale	$ 4,185
Land And Outparcel Disposition
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acreage (in acres) \| a	1.8
Sales Price	$ 1,305
Gain on Sale	$ 185
Land And Outparcel Disposition \| Lakeland Park Center - Outparcel
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Location	Lakeland, FL
Acreage (in acres) \| a	1.8
Date Sold	Mar. 31, 2017
Sales Price	$ 1,305
Gain on Sale	$ 185
Income Producing Property and Land and Outparcel Disposition
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
GLA (in sq ft) \| ft²	243
Acreage (in acres) \| a	1.8
Sales Price	$ 28,816
Gain on Sale	$ 11,375

Property Acquisitions and Dis34

Property Acquisitions and Dispositions - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Business Combinations [Abstract]
Proceeds from dispositions held in escrow	$ 26,130	$ 0

Equity Investments in Unconso35

Equity Investments in Unconsolidated Joint Ventures - Additional Information (Detail) - Mar. 31, 2017	partnership_unit	investment	Total
Schedule of Equity Method Investments [Line Items]
Number of joint ventures	3	3
Joint Venture One
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)			7.00%
Joint Venture Two
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)			20.00%
Joint Venture Three
Schedule of Equity Method Investments [Line Items]
Ownership interest (as a percent)			30.00%

Equity Investments in Unconso36

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Balance Sheets (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Investment in real estate, net	$ 43,645	$ 43,995
Other assets	2,964	3,712
Total Assets	46,609	47,707
LIABILITIES AND OWNERS' EQUITY
Other liabilities	400	219
Owners' equity	46,209	47,488
Total Liabilities and Owners' Equity	46,609	47,707
RPT's equity investments in unconsolidated joint ventures	$ 2,855	$ 3,150

Equity Investments in Unconso37

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Total revenue	$ 1,163	$ 1,709
Total expenses	708	1,047
Net income	455	662
RPT's share of earnings from unconsolidated joint ventures	$ 86	$ 109

Equity Investments in Unconso38

Equity Investments in Unconsolidated Joint Ventures - Information of Fees Earned (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Management fees	$ 74	$ 95
Leasing fees	79	14
Construction fees	0	1
Total	$ 153	$ 110

Debt - Summary of Mortgages, No

Debt - Summary of Mortgages, Notes Payable and Capital Lease Obligation (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Senior unsecured notes	$ 535,000	$ 535,000
Unsecured term loan facilities	210,000	210,000
Fixed rate mortgages	159,913	160,718
Unsecured revolving credit facility	258,000	86,000
Junior subordinated notes	28,125	28,125
Subtotal debt	1,191,038	1,019,843
Unamortized premium	4,829	5,120
Unamortized deferred financing costs	(3,555)	(3,740)
Total debt	1,192,312	1,021,223
Capital lease obligation	$ 1,066	$ 1,066

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	3 Months Ended
Debt - Additional Information (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 1,191,038,000	$ 1,019,843,000
Mortgages payable	159,913,000	160,718,000
Letter of credit, unadjusted outstanding balance	258,000,000	$ 86,000,000
Fixed Rate Mortgages
Debt Instrument [Line Items]
Mortgages payable	159,900,000
Net book value of mortgage on properties	252,400,000
Revolving Credit Facility
Debt Instrument [Line Items]
Letter of credit, unadjusted outstanding balance	258,000,000
Net repayments on revolving credit facility	172,000,000
Letter of credit, outstanding balance	500,000
Letter of credit, remaining borrowing capacity	$ 91,500,000
Letter of credit, interest rate at end of period (as a percent)	2.30%
Minimum \| Fixed Rate Mortgages
Debt Instrument [Line Items]
Mortgage debt interest rate (as a percent)	2.86%
Maximum \| Fixed Rate Mortgages
Debt Instrument [Line Items]
Mortgage debt interest rate (as a percent)	7.38%
London Interbank Offered Rate (LIBOR) \| Junior Subordinated Debt
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	3.30%
Senior Unsecured Notes and Unsecured Term Loans \| Unsecured Debt
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 745,000,000
Senior Unsecured Notes and Unsecured Term Loans \| Minimum \| Unsecured Debt
Debt Instrument [Line Items]
Mortgage debt interest rate (as a percent)	2.99%
Senior Unsecured Notes and Unsecured Term Loans \| Maximum \| Unsecured Debt
Debt Instrument [Line Items]
Mortgage debt interest rate (as a percent)	4.74%

Debt - Scheduled Principal Paym

Debt - Scheduled Principal Payments on Mortgages and Notes Payable (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
2,017	$ 2,398
2,018	297,132
2,019	5,859
2,020	102,269
2,021	114,508
Thereafter	668,872
Subtotal debt	1,191,038	$ 1,019,843
Unamortized premium	4,829	5,120
Unamortized deferred financing costs	(3,555)	(3,740)
Total debt	1,192,312	$ 1,021,223
Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
2,018	$ 258,000
Extension option (in years)	1 year

Fair Value - Recorded Amount of

Fair Value - Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Derivative assets - interest rate swaps	$ 2,511	$ 2,143
Derivative liabilities - interest rate swaps	(945)	(1,300)
Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Derivative assets - interest rate swaps	2,511	2,143
Derivative liabilities - interest rate swaps	$ (945)	$ (1,300)

Fair Value - Additional Inform

Fair Value - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term debt, carrying amount	$ 1,192,312		$ 1,021,223
Provision for impairment	5,717	$ 0
Level 2 \| Fixed Rate Mortgages
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term debt, carrying amount	904,900		905,700
Long term debt, fair value	900,700		900,300
Level 2 \| Floating Rate Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term debt, carrying amount	286,100		$ 114,100
Shopping centers \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 60,000

Derivative Financial Instrume44

Derivative Financial Instruments - Summary of Notional Values and Fair Values of Derivative Financial Instruments (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative assets, at fair value	$ 2,511,000	$ 2,143,000
Derivative liability, at fair value	(945,000)	$ (1,300,000)
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative [Line Items]
Derivative asset, notional amount	185,000,000
Derivative liability, notional amount	85,000,000
Derivative assets, at fair value	2,511,000
Derivative liability, at fair value	(945,000)
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.4600 % Swap Rate, Expiration Date 05/2020
Derivative [Line Items]
Derivative asset, notional amount	$ 50,000,000
Fixed rate (as a percent)	1.46%
Derivative assets, at fair value	$ 330,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.4980 % Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative asset, notional amount	$ 20,000,000
Fixed rate (as a percent)	1.498%
Derivative assets, at fair value	$ 250,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.4900 % Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative asset, notional amount	$ 15,000,000
Fixed rate (as a percent)	1.49%
Derivative assets, at fair value	$ 192,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.4800 % Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative asset, notional amount	$ 40,000,000
Fixed rate (as a percent)	1.48%
Derivative assets, at fair value	$ 553,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.7700 % Swap Rate, Expiration Date 05/2023
Derivative [Line Items]
Derivative asset, notional amount	$ 60,000,000
Fixed rate (as a percent)	1.77%
Derivative assets, at fair value	$ 1,186,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 2.0480 % Swap Rate, Expiration Date 10/2018
Derivative [Line Items]
Derivative liability, notional amount	$ 30,000,000
Fixed rate (as a percent)	2.048%
Derivative liability, at fair value	$ (344,000)
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.8500 % Swap Rate, Expiration Date 10/2018
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.85%
Derivative liability, at fair value	$ (186,000)
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 1.8400 % Swap Rate, Expiration Date 10/2018
Derivative [Line Items]
Derivative liability, notional amount	$ 5,000,000
Fixed rate (as a percent)	1.84%
Derivative liability, at fair value	$ (41,000)
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 2.1500 % Swap Rate, Expiration Date 05/2020
Derivative [Line Items]
Derivative liability, notional amount	$ 15,000,000
Fixed rate (as a percent)	2.15%
Derivative liability, at fair value	$ (228,000)
Cash Flow Hedging \| Designated as Hedging Instrument \| Unsecured term loan facility with: 2.1500 % Swap Rate, Expiration Date 05/2020
Derivative [Line Items]
Derivative liability, notional amount	$ 10,000,000
Fixed rate (as a percent)	2.15%
Derivative liability, at fair value	$ (146,000)
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivative [Line Items]
Derivative asset, notional amount	125,000,000
Derivative assets, at fair value	$ 1,325,000

Derivative Financial Instrume45

Derivative Financial Instruments - Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	$ 1,170	$ (5,375)
Interest Expense \| Derivative Assets
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	522	(716)
Interest Expense \| Derivative Liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion)	648	(4,659)
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	(447)	(598)
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest \| Derivative Assets
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	(154)	(74)
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest \| Derivative Liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)	$ (293)	$ (524)

Earnings Per Common Share - Com

Earnings Per Common Share - Computation of Basic Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 13,414	$ 12,142
Net income attributable to noncontrolling interest	(316)	(297)
Allocation of income to restricted share awards	(94)	0
Income attributable to RPT	13,004	11,845
Preferred share dividends	(1,675)	(1,675)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 11,423	$ 10,170
Weighted average shares outstanding, Basic (in shares)	79,299	79,194
Stock options and restricted stock awards using the treasury method (in shares)	182	178
Weighted average shares outstanding, Diluted (in shares)	79,481	79,372
Income per common share, Basic (in USD per share)	$ 0.14	$ 0.13
Income per common share, Diluted (in USD per share)	$ 0.14	$ 0.13
Basic Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 11,329	$ 10,170

Earnings Per Common Share - Ant

Earnings Per Common Share - Antidilutive (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding (in shares)	3,870	3,850
Convertible into (in shares)	8,574	8,573
Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding (in shares)	1,917	2,001
Convertible into (in shares)	1,917	2,001
Series D Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding (in shares)	1,849	1,849
Convertible into (in shares)	6,657	6,572
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding (in shares)	104	0
Convertible into (in shares)	0	0

Share-based Compensation Plans

Share-based Compensation Plans - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)planshares	Mar. 31, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans in effect \| plan	1
Share based compensation, number of options terminated (in shares) \| shares	391,402
Performance-based liability awards, measurement period (in years)	3 years
Compensation expense (benefit) related to cash awards	$ (100)	$ 400
Share-based compensation expenses	500	1,000
Total unrecognized compensation expense	$ 6,400
Total unrecognized compensation expense, weighted average period of recognition (in years)	3 years 6 months
Long-Term Incentive Plan ("LTIP")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant \| shares	2,000,000
Share based compensation, number of options available for issuance (in shares) \| shares	1,300,000
Service-based restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, shares granted during period (in shares) \| shares	151,960
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)	5 years
Share-based compensation expenses	$ 600	600
Equity Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expenses	$ 26	$ 0

Taxes - Additional Information

Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Tax Credit Carryforward [Line Items]
Annual distribution of REIT taxable income (as a percent)	90.00%
Income tax provision (benefit)	$ 28	$ 62
Federal and State Income Taxes
Tax Credit Carryforward [Line Items]
Federal and state deferred tax asset	11,300
Federal and state deferred tax asset, valuation allowance	$ 11,300

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Construction costs related to development and expansion	$ 10.3
Operating leases, rent expense	$ 0.4	$ 0.1