RPT Realty (KIM+N) 10-Q 4 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Oct. 29, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Entity File Number	1-10093
Entity Registrant Name	RPT Realty
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	13-6908486
Entity Address, Address Line One	19 W 44th Street,
Entity Address, Address Line Two	Suite 1002
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	212
Local Phone Number	221-1261
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		84,289,679
Entity Central Index Key	0000842183
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Document Transition Report	false
Common Shares of Beneficial Interest ($0.01 Par Value Per Share)
Entity Information [Line Items]
Title of 12(b) Security	Common Shares of Beneficial Interest ($0.01 Par Value Per Share)
Trading Symbol	RPT
Security Exchange Name	NYSE
Series D Cumulative Convertible Perpetual Preferred Shares
Entity Information [Line Items]
Title of 12(b) Security	7.25% Series D Cumulative Convertible Perpetual Preferred
Trading Symbol	RPT.PRD
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Income producing properties, at cost:
Land	$ 362,278	$ 330,763
Buildings and improvements	1,570,309	1,489,997
Less accumulated depreciation and amortization	(422,581)	(392,301)
Income producing properties, net	1,510,006	1,428,459
Construction in progress and land available for development	41,415	34,789
Net real estate	1,551,421	1,463,248
Equity investments in unconsolidated joint ventures	216,400	126,333
Cash and cash equivalents	7,174	208,887
Restricted cash and escrows	2,501	2,597
Accounts receivable (net of allowance for doubtful accounts of $14,424 and $12,996 as of September 30, 2021 and December 31, 2020, respectively)	23,876	26,571
Acquired lease intangibles, net	66,913	26,354
Operating lease right-of-use assets	18,098	18,585
Other assets, net	93,307	77,465
TOTAL ASSETS	1,979,690	1,950,040
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable, net	943,828	1,027,751
Finance lease obligation	875	875
Accounts payable and accrued expenses	49,603	45,292
Distributions payable	11,957	1,723
Acquired lease intangibles, net	37,583	35,283
Operating lease liabilities	17,530	17,819
Other liabilities	12,105	19,928
TOTAL LIABILITIES	1,073,481	1,148,671
Commitments and Contingencies
RPT Realty ("RPT") Shareholders' Equity:
Preferred shares of beneficial interest, $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 September 30, 2021 and December 31, 2020, respectively	92,427	92,427
Common shares of beneficial interest, $0.01 par, 240,000 shares authorized, 83,379 and 80,055 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively	834	801
Additional paid-in capital	1,218,903	1,174,315
Accumulated distributions in excess of net income	(419,180)	(471,017)
Accumulated other comprehensive loss	(6,405)	(14,132)
TOTAL SHAREHOLDERS' EQUITY ATTRIBUTABLE TO RPT	886,579	782,394
Noncontrolling interest	19,630	18,975
TOTAL SHAREHOLDERS' EQUITY	906,209	801,369
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,979,690	$ 1,950,040

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 14,424	$ 12,996
Preferred shares, par (in usd per share)	$ 0.01	$ 0.01
Preferred shares, authorized (in shares)	2,000,000	2,000,000
Cumulative convertible perpetual preferred shares, dividend rate	7.25%	7.25%
Cumulative convertible perpetual preferred shares, liquidation preference (in usd per share)	$ 50	$ 50
Cumulative convertible perpetual preferred shares, issued (in shares)	1,849,000	1,849,000
Cumulative convertible perpetual preferred shares, outstanding (in shares)	1,849,000	1,849,000
Common shares of beneficial interest, par (in usd per share)	$ 0.01	$ 0.01
Common shares of beneficial interest, authorized (in shares)	240,000,000	240,000,000
Common shares of beneficial interest, issued (in shares)	83,379,000	80,055,000
Common shares of beneficial interest, outstanding (in shares)	83,379,000	80,055,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
REVENUE
TOTAL REVENUE	$ 55,175	$ 46,487	$ 157,492	$ 143,990
EXPENSES
Real estate taxes	8,249	8,509	25,558	25,113
Recoverable operating expense	6,003	5,118	17,935	15,894
Non-recoverable operating expense	2,507	2,126	7,186	6,549
Depreciation and amortization	18,487	18,295	53,463	57,003
Transaction costs	389	0	389	186
General and administrative expense	7,330	6,062	22,298	18,979
Provision for impairment	5	0	5	0
Insured expenses, net	0	(1,092)	0	(2,745)
Total expenses	42,970	39,018	126,834	120,979
Gain on sale of real estate	22,196	0	75,415	0
OPERATING INCOME	34,401	7,469	106,073	23,011
OTHER INCOME AND EXPENSES
Other (expense) income, net	(38)	(92)	(223)	322
Earnings from unconsolidated joint ventures	1,074	456	2,947	1,514
Interest expense	(9,297)	(9,913)	(28,008)	(29,491)
INCOME (LOSS) BEFORE TAX	26,140	(2,080)	80,789	(4,644)
Income tax benefit	157	87	47	37
NET INCOME (LOSS)	26,297	(1,993)	80,836	(4,607)
Net (income) loss attributable to noncontrolling partner interest	(595)	46	(1,843)	106
NET INCOME (LOSS) ATTRIBUTABLE TO RPT	25,702	(1,947)	78,993	(4,501)
Preferred share dividends	(1,676)	(1,676)	(5,026)	(5,026)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS	$ 24,026	$ (3,623)	$ 73,967	$ (9,527)
EARNINGS (LOSS) PER COMMON SHARE
Basic (in usd per share)	$ 0.30	$ (0.05)	$ 0.92	$ (0.12)
Diluted (in usd per share)	$ 0.29	$ (0.05)	$ 0.89	$ (0.12)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)	80,418	80,051	80,228	79,978
Diluted (in shares)	88,851	80,051	88,544	79,978
Cash Dividend Declared per Common Share (in usd per share)	$ 0.120	$ 0	$ 0.270	$ 0.220
OTHER COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ 26,297	$ (1,993)	$ 80,836	$ (4,607)
Other comprehensive (loss) gain:
Gain (loss) on interest rate swaps, net	1,201	936	7,906	(18,500)
Comprehensive income (loss)	27,498	(1,057)	88,742	(23,107)
Comprehensive (income) loss attributable to noncontrolling interest	(620)	25	(2,022)	535
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO RPT	26,878	(1,032)	86,720	(22,572)
Rental income
REVENUE
TOTAL REVENUE	53,385	45,375	153,203	140,783
Other property income
REVENUE
TOTAL REVENUE	1,364	774	3,017	2,290
Management and other fee income
REVENUE
TOTAL REVENUE	$ 426	$ 338	$ 1,272	$ 917

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Distributions in Excess of Net Income	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning balance at Dec. 31, 2019	$ 848,255	$ 92,427	$ 798	$ 1,169,557	$ (436,361)	$ 1,819	$ 20,015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of issuance costs	(385)			(385)
Share-based compensation, net of shares withheld for employee taxes	3,829		3	3,826
Dividends declared to common shareholders	(17,593)				(17,593)
Dividends declared to preferred shareholders	(5,026)				(5,026)
Distributions declared to noncontrolling interests	(420)						(420)
Dividends declared to deferred shares	(136)				(136)
Other comprehensive income - gain (loss) adjustment	(18,500)					(18,071)	(429)
Net income (loss)	(4,607)				(4,501)		(106)
Ending balance at Sep. 30, 2020	805,417	92,427	801	1,172,998	(463,617)	(16,252)	19,060
Beginning balance at Jun. 30, 2020	806,438	92,427	800	1,171,287	(459,994)	(17,167)	19,085
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation, net of shares withheld for employee taxes	1,712		1	1,711
Dividends declared to preferred shareholders	(1,676)				(1,676)
Other comprehensive income - gain (loss) adjustment	936					915	21
Net income (loss)	(1,993)				(1,947)		(46)
Ending balance at Sep. 30, 2020	805,417	92,427	801	1,172,998	(463,617)	(16,252)	19,060
Beginning balance at Dec. 31, 2020	801,369	92,427	801	1,174,315	(471,017)	(14,132)	18,975
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of issuance costs	38,613		30	38,583
Redemption of Operating Partnership Unit holders	(177)		1	721	(37)		(862)
Share-based compensation, net of shares withheld for employee taxes	5,286		2	5,284
Dividends declared to common shareholders	(21,670)				(21,670)
Dividends declared to preferred shareholders	(5,026)				(5,026)
Distributions declared to noncontrolling interests	(505)						(505)
Dividends declared to deferred shares	(423)				(423)
Other comprehensive income - gain (loss) adjustment	7,906					7,727	179
Net income (loss)	80,836				78,993		1,843
Ending balance at Sep. 30, 2021	906,209	92,427	834	1,218,903	(419,180)	(6,405)	19,630
Beginning balance at Jun. 30, 2021	849,502	92,427	802	1,177,262	(433,360)	(7,581)	19,952
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of issuance costs	38,899		30	38,869
Redemption of Operating Partnership Unit holders	0		1	721	0		(722)
Share-based compensation, net of shares withheld for employee taxes	2,052		1	2,051
Dividends declared to common shareholders	(9,644)				(9,644)
Dividends declared to preferred shareholders	(1,676)				(1,676)
Distributions declared to noncontrolling interests	(220)						(220)
Dividends declared to deferred shares	(202)				(202)
Other comprehensive income - gain (loss) adjustment	1,201					1,176	25
Net income (loss)	26,297				25,702		595
Ending balance at Sep. 30, 2021	$ 906,209	$ 92,427	$ 834	$ 1,218,903	$ (419,180)	$ (6,405)	$ 19,630

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
OPERATING ACTIVITIES
Net income (loss)	$ 80,836	$ (4,607)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	53,463	57,003
Amortization of deferred financing fees	1,104	1,059
Income tax benefit	(47)	(37)
Earnings from unconsolidated joint ventures	(2,947)	(1,514)
Distributions received from operations of unconsolidated joint ventures	6,610	3,896
Provision for impairment	5	0
Gain on sale of real estate	(75,415)	0
Insured expenses, net	0	(2,745)
Amortization of acquired above and below market lease intangibles, net	(2,139)	(2,248)
Amortization of premium on mortgages, net	(628)	(676)
Service-based restricted share expense	3,081	2,855
Long-term incentive cash and equity compensation expense	3,405	1,658
Changes in assets and liabilities, net of effect of acquisitions and dispositions:
Accounts receivable, net	2,695	(7,909)
Other assets, net	(9,584)	1,805
Accounts payable, accrued expenses and other liabilities	486	(7,504)
Net cash provided by operating activities	60,925	41,036
INVESTING ACTIVITIES
Acquisition of real estate	(187,452)	0
Development and capital improvements	(18,159)	(13,285)
Capital improvements covered by insurance	0	(5,197)
Net proceeds from sales of real estate	97,334	0
Insurance proceeds from insured expenses	0	2,888
Investment in equity interests in unconsolidated joint ventures	(90,425)	(11)
Acquisition of preferred investments	(289)	0
Redemption of preferred investments	403	0
Net cash used in investing activities	(198,588)	(15,605)
FINANCING ACTIVITIES
Repayment of mortgages and notes payable	(38,866)	(1,718)
Proceeds on revolving credit facility	135,000	225,000
Repayments on revolving credit facility	(180,000)	(100,000)
Payment of deferred financing costs	0	(567)
Proceeds from issuance of common shares, net of issuance costs	38,613	(385)
Redemption of operating partnership units for cash	(177)	0
Shares used for employee taxes upon vesting of awards	(1,326)	(954)
Dividends paid to preferred shareholders	(5,026)	(5,026)
Dividends paid to common shareholders	(12,079)	(35,371)
Distributions paid to operating partnership unit holders	(285)	(840)
Net cash (used in) provided by financing activities	(64,146)	80,139
Net change in cash, cash equivalents and restricted cash and escrows	(201,809)	105,570
Cash, cash equivalents and restricted cash and escrows at beginning of period	211,484	114,552
Cash, cash equivalents and restricted cash and escrows at end of period	9,675	220,122
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY
Contribution of real estate exchanged for an equity investment in unconsolidated joint venture	3,263	0
Contribution of real estate exchanged for preferred investment in unconsolidated entities	7,720	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest (net of capitalized interest of $45 and $2 in 2021 and 2020, respectively)	25,095	25,991
Reconciliation of cash, cash equivalents and restricted cash and escrows
Cash and cash equivalents	7,174	217,818
Restricted cash and escrows	2,501	2,304
Cash, cash equivalents, and restricted cash	$ 9,675	$ 220,122

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Statement of Cash Flows [Abstract]
Cash paid for interest, capitalized interest	$ 45	$ 2

Organization and Basis of Prese

Organization and Basis of Presentations	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Organization and Basis of Presentations	Organization and Basis of Presentations Organization RPT Realty, together with our subsidiaries (the “Company” or “RPT”), is a real estate investment trust (“REIT”) engaged in the business of owning and operating a national portfolio of open-air shopping destinations principally located in the top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (“NYSE”). The common shares of beneficial interest of the Company, par value $0.01 per share (the “common share”), are listed and traded on the NYSE under the ticker symbol “RPT”. As of September 30, 2021, the Company's portfolio consisted of 57 multi-tenant shopping centers (including 9 shopping centers owned through a joint venture) and 30 net lease retail properties (all of which are owned through a separate joint venture) (the “aggregate portfolio”) which together represent 14.0 million square feet of gross leasable area (“GLA”). As of September 30, 2021, the Company’s pro-rata share of the aggregate portfolio was 92.5% leased. Basis of Presentation The condensed consolidated financial statements include the accounts of the Company and our majority owned subsidiary, RPT Realty, L.P., a Delaware limited partnership (the “Operating Partnership” or “OP” which was 97.9% and 97.7% owned by the Company at September 30, 2021 and December 31, 2020, respectively), and all wholly-owned subsidiaries, including entities in which we have a controlling financial interest or have been determined to be the primary beneficiary of a variable interest entity (“VIE”). The presentation of condensed consolidated financial statements does not itself imply that assets of any consolidated entity (including any special-purpose entity formed for a particular project) are available to pay the liabilities of any other consolidated entity, or that the liabilities of any other consolidated entity (including any special-purpose entity formed for a particular project) are obligations of any other consolidated entity. Investments in real estate joint ventures over which we have the ability to exercise significant influence, but for which we do not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, our share of the earnings (loss) of these joint ventures is included in consolidated net income (loss). All intercompany transactions and balances are eliminated in consolidation. We have elected to be a REIT for federal income tax purposes. 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, 2020. 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. The Company considered impacts to its estimates related to the current pandemic of the novel coronavirus disease (“COVID-19”) as appropriate, within its unaudited condensed consolidated financial statements and there may be changes to those estimates in future periods. The Company believes that its accounting estimates are appropriate after giving consideration to the increased uncertainties surrounding the severity and duration of the COVID-19 pandemic. Actual results could differ from those estimates. Equity Distribution Agreement In February 2020, the Company entered into an Equity Distribution Agreement ( “ Equity Distribution Agreement ” ) pursuant to which the Company may offer and sell, from time to time, the Company's common shares having an aggregate gross sales price of up to $100.0 million. Sales of the shares of common stock may be made, in the Company's discretion, from time to time in "at-the-market" offerings as defined in Rule 415 of the Securities Act of 1933. The Equity Distribution Agreement also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. For the nine months ended September 30, 2021, the Company issued 3,041,120 shares of its common stock, receiving $39.5 million of gross proceeds before issuance costs, which were used for working capital and general corporate purposes. For the nine months ended September 30, 2021, the Company did not enter into any forward contracts. As of September 30, 2021, $60.5 million of common stock remained available for issuance under this Equity Distribution Agreement. Significant Risks and Uncertainties One of the most significant risks and uncertainties is the potential adverse effect of COVID-19. As a result of COVID-19, we have received numerous rent relief requests, most often in the form of rent deferrals. We have evaluated, and continue to evaluate, each tenant rent relief request on an individual basis, considering a number of factors. While the Company is unable at this time to reasonably estimate the impact that COVID-19 will continue to have on our business, financial position and operating results in future periods due to numerous uncertainties, the Company is closely monitoring the impact of the pandemic on all aspects of its business. The COVID-19 pandemic will likely continue to have repercussions across local, national and global economies and financial markets. COVID-19 may continue to have material and adverse effects on our financial condition, results of operations and cash flows in the near term due to, but not limited to, the following: • Reduced economic activity impacting our tenants' businesses, financial condition and liquidity and potentially causing tenants to be unable to fully meet their obligations to us or to otherwise seek modifications of such obligations, resulting in increases in uncollectible receivables and reductions in rental income; • The negative financial impact of COVID-19 could impact our future compliance with financial covenants of our credit agreement and other debt agreements, and as a result, our lenders may require us to accelerate the timing of payments which would have a material adverse effect on our business, operations, financial condition and liquidity, unless we obtain waivers or modifications from our lenders; and • Weaker economic conditions could cause us to recognize impairment in the value of our tangible and intangible assets based on the then Company's reasonable assessment. The extent to which COVID-19 impacts our operations and those of our tenants will depend on future developments, which are uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. As such, we are unable to predict the impact that it ultimately will continue to have on our financial condition, results of operations and cash flows. Recently Adopted Accounting Pronouncements In April 2020, the FASB issued a staff question-and-answer (“Q&A”) document focused on the application of the lease guidance in ASC 842, Leases, for lease concessions related to the effects of the COVID-19 pandemic. Included in this Q&A, the FASB staff determined that it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Topic 842 and Topic 840 as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in Topic 842 and Topic 840 to those contracts. The FASB also acknowledged that some concessions will provide a deferral of payments with no substantive changes to the consideration in the original contract. The FASB indicated that a deferral affects the timing, but the amount of the consideration is substantially the same as that required by the original contract. The staff expects that there will be multiple ways to account for those deferrals, none of which the staff believes is more preferable than the others. Two of those methods are: • Account for the concessions as if no changes to the lease contract were made. Under that accounting, a lessor would increase its lease receivable, and a lessee would increase its accounts payable as receivables/payments accrue. In its income statement, a lessor would continue to recognize income, and a lessee would continue to recognize expense during the deferral period. • Account for the deferred payments as variable lease payments. In cases where we have granted a deferral for future periods as a result of COVID-19, we have accounted for the concessions as if no changes to the lease contract were made. Under that accounting, we have increased our lease receivable as the receivables have accrued. In our condensed consolidated statements of operations, we have continued to recognize income during the deferral period to the extent that we believe collection of that income is probable. In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”). In addition, the FASB subsequently issued ASU 2021-01 “Reference Rate Reform (Topic 848)” (“ASU 2021-01”) which further clarifies the optional expedients available. ASU 2020-04 and ASU 2021-01 provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The ASU is intended to help stakeholders during the global market-wide reference rate transition period. Therefore, it will be in effect for a limited time through December 31, 2022. The Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. As additional index changes in the market occur, the Company will evaluate the impact of the guidance and may apply other elections as applicable. Recently Issued Accounting Pronouncements In July 2021, the FASB updated Accounting Standards Codification (“ASC”) Topic 842 “Leases” with ASU 2021-05 “Lessors-Certain Leases with Variable Lease Payments” (“ASU 2021-05”). ASU 2021-05 affects lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. ASU 2021-05 amends the lease classification requirements for lessors to align them with practice under Topic 840, whereby lessors classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease when certain criteria are met. ASU 2016-13 is effective for annual periods beginning after December 15, 2021, including interim periods within that fiscal year. We are currently evaluating the guidance and have not determined the impact this standard may have on our condensed consolidated financial statements.

Real Estate

Real Estate	9 Months Ended
	Sep. 30, 2021
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 progress, land available for development and real estate held for 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, net operating income, real estate values and expected holding period. For the nine months ended September 30, 2021, impairment provisions related to income producing properties were negligible, and we recorded no impairment provisions associated with land held for development. For the nine months ended September 30, 2020, we recorded no impairment provision. In accordance with ASC 360-10, the Company records impairment losses on long-lived assets used in operations when events and circumstances indicate that long-lived assets might be impaired and the undiscounted cash flows estimated to be generated by those assets are less than the carrying amounts of those assets. During the third quarter of 2021, events and circumstances indicated that shopping centers might be impaired. However, the Company’s estimates of undiscounted cash flows indicated that such carrying amounts were expected to be recovered. Nonetheless, it is reasonably possible that the estimates of undiscounted cash flows may change in the near term resulting in the need to write down these assets to fair value. 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 $15.2 million and $8.6 million at September 30, 2021 and December 31, 2020, respectively. The increase in construction in progress from December 31, 2020 to September 30, 2021 was due primarily to the capital expenditures for ongoing projects, partially offset by completion of tenant build-outs and property dispositions. Land available for development 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 or outparcel pad. The viability of all projects under construction or development, including those owned by our 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 was $26.2 million at both September 30, 2021 and December 31, 2020.

Property Acquisitions and Dispo

Property Acquisitions and Dispositions	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Property Acquisitions and Dispositions	Property Acquisitions and Dispositions Acquisitions The following table provides a summary of our acquisition activity for the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (in thousands) (In thousands) Northborough Crossing Northborough, MA 646 6/18/21 $ 104,000 $ 97,182 $ — Bellevue Plaza Nashville, TN 77 7/7/21 10,430 10,651 — Woodstock Square Woodstock, GA 219 7/14/21 37,670 37,585 — Newnan Pavilion Newnan, GA 467 8/5/21 41,550 42,034 — Total income producing acquisitions 1,409 $ 193,650 $ 187,452 $ — Total acquisitions 1,409 $ 193,650 $ 187,452 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The total aggregate fair value of the acquisitions was allocated and is reflected in the following table in accordance with accounting guidance for asset acquisitions. At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: As of Acquisition Date (In thousands) Land $ 43,305 Buildings and improvements 97,635 Above market leases 26,288 Lease origination costs 26,666 Below market leases (6,442) Net assets acquired $ 187,452 Total revenue and net income for the 2021 acquisitions included in our condensed consolidated statement of operations for the three and nine months ended September 30, 2021 were as follows: Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 (in thousands) Consolidated revenue $ 4,167 $ 4,532 Consolidated net income available to common shareholders 766 1,054 In addition, refer to Note 13 for acquisition activity occurring subsequent to September 30, 2021. Dispositions The following table provides a summary of our disposition activity for the nine months ended September 30, 2021: Gross Property Name (1) Location Property/ Parcel Count GLA Date Sold Sales Price Gain on Sale (in thousands) (In thousands) Buttermilk Towne Center - Land parcels Crescent Springs, KY 2 107 3/5/21 $ 9,785 $ 3,809 Deer Grove - Outparcel Palatine, IL 1 8 3/5/21 2,500 1,456 Front Range Village - Land parcel Fort Collins, CO 1 5 3/5/21 2,750 1,709 Front Range Village - Outparcel Fort Collins, CO 1 4 3/5/21 2,475 1,197 Merchants' Square - Outparcels Carmel, IN 1 19 3/5/21 3,977 2,133 Promenade at Pleasant Hill - Land parcel Duluth, GA 1 4 3/5/21 1,250 467 River City Marketplace - Land parcels Jacksonville, FL 2 5 3/5/21 2,895 1,938 Rivertowne Square - Land parcel Deerfield Beach, FL 1 3 3/5/21 3,270 2,272 Shoppes of Lakeland - Land parcel Lakeland, FL 1 3 3/5/21 1,332 800 Shoppes of Lakeland - Outparcel Lakeland, FL 1 7 3/5/21 1,200 289 West Broward - Land parcel Plantation, FL 1 4 3/5/21 4,762 2,933 Tel-Twelve - Land parcels Southfield, MI 2 329 5/21/21 39,334 34,216 Marketplace of Delray - Land parcels Delray Beach, FL 3 12 8/27/21 7,960 6,700 Marketplace of Delray - Outparcels Delray Beach, FL 4 17 8/27/21 8,046 5,192 Parkway Shops - Land parcel Jacksonville, FL 1 26 8/27/21 2,622 930 Peachtree Hill - Outparcel Duluth, GA 1 66 8/27/21 8,275 2,103 Promenade at Pleasant Hill - Outparcel Duluth, GA 1 3 8/27/21 844 443 West Broward Shopping Center - Outparcel Plantation, FL 1 15 8/27/21 5,954 4,964 West Oaks II Shopping Center - Outparcel Novi, MI 1 4 8/27/21 746 455 Winchester Center - Land parcel Rochester Hills, MI 1 4 8/27/21 1,657 1,409 Newnan Pavilion - Land parcel Newnan, GA 1 6 9/16/21 1,543 — Total income producing dispositions 29 651 $ 113,177 $ 75,415 Total dispositions 651 $ 113,177 $ 75,415 (1) We contributed net lease retail assets that were subdivided from wholly-owned shopping centers to our newly formed RGMZ Venture REIT LLC joint venture. The properties contributed included both income producing properties in which we owned the depreciable real estate, as well as income producing properties which are subject to a ground lease. Refer to Note 4 of these notes to the condensed consolidated financial statements for additional information.

Equity Investments in Unconsoli

Equity Investments in Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments in Unconsolidated Joint Ventures	Equity Investments in Unconsolidated Joint Ventures As of December 31, 2020, we had three joint venture agreements: 1) R2G Venture LLC (“R2G”), 2) Ramco/Lion Venture LP, and 3) Ramco HHF NP LLC, whereby we own 51.5%, 30%, and 7%, respectively, of the equity in each joint venture. Our R2G joint venture owns nine income-producing shopping centers, and our other two joint ventures do not own any income producing properties. 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. On March 4, 2021, we formed a new core net lease retail real estate joint venture, RGMZ Venture REIT LLC (“RGMZ”), with an affiliate of GIC Private Limited (“GIC”), an affiliate of Zimmer Partners (“Zimmer”) and an affiliate of Monarch Alternative Capital LP (“Monarch”). RGMZ is to be seeded with single-tenant, net lease retail properties that have been, or will be created, by the Company upon the subdivision of certain parcels from our existing open-air shopping centers. As of September 30, 2021, the Company had contributed 28 net lease retail properties of the initial agreed upon seeded properties, valued at $111.6 million to RGMZ. Upon contribution, the Company received $100.2 million in gross cash proceeds ($95.9 million in net cash proceeds), as well as a combined $7.6 million preferred equity investment stake in the Zimmer and Monarch affiliates, in exchange for the 93.6% stake in RGMZ that was acquired by the other joint venture partners. The Company retained a 6.4% stake in RGMZ, maintains day-to-day management of the portfolio and earns management, leasing and construction fees. The asset management fee is based upon 0.25% of the gross asset value of net lease retail assets in RGMZ. The Company will be paid an additional annual incentive management fee of 0.15% based upon the appraised gross asset value of the net lease retail assets in RGMZ. However, the Company will not earn this fee until meeting certain financial hurdles measured at sale or initial public offering of the RGMZ joint venture. The Company is also responsible for sourcing future acquisitions for RGMZ. RGMZ has a $240.0 million secured credit facility that includes an accordion feature allowing it to increase future potential commitments up to a total capacity of $500.0 million. As of September 30, 2021, RGMZ had $169.3 million of unused capacity under its $240.0 million secured credit facility. RPT and certain of the other joint venture partners will have consent rights for all future acquisitions, and also have approval rights in connection with annual budgets and other specified major decisions. We cannot make significant decisions without our partners' approval. Accordingly, we account for our interest in the joint venture using the equity method of accounting. The combined condensed financial information for our unconsolidated joint ventures is summarized as follows: Balance Sheets September 30, 2021 December 31, 2020 (In thousands) ASSETS R2G RGMZ Other Total R2G RGMZ Other Total Investment in real estate, net $ 376,329 $ 85,604 $ — $ 461,933 $ 226,083 $ — $ — $ 226,083 Other assets 52,492 40,699 — 93,191 26,125 — 47 26,172 Total Assets $ 428,821 $ 126,303 $ — $ 555,124 $ 252,208 $ — $ 47 $ 252,255 LIABILITIES AND OWNERS' EQUITY Notes payable $ — $ 70,696 $ — $ 70,696 $ — $ — $ — $ — Other liabilities 22,786 2,133 — 24,919 14,474 — 11 14,485 Owners' equity 406,035 53,474 — 459,509 237,734 — 36 237,770 Total Liabilities and Owners' Equity $ 428,821 $ 126,303 $ — $ 555,124 $ 252,208 $ — $ 47 $ 252,255 RPT's equity investments in unconsolidated joint ventures $ 213,008 $ 3,392 $ — $ 216,400 $ 126,333 $ — $ — $ 126,333 Three Months Ended September 30, Statements of Operations 2021 2020 (In thousands) R2G RGMZ Other Total R2G RGMZ Other Total Total revenue $ 9,259 $ 1,894 $ — $ 11,153 $ 6,714 $ — $ — $ 6,714 Total expenses 7,163 1,038 (1) 8,200 5,805 — 9 5,814 Operating income (loss) 2,096 856 1 2,953 909 — (9) 900 Interest expense — 720 — 720 — — — — Net income (loss) $ 2,096 $ 136 $ 1 $ 2,233 $ 909 $ — $ (9) $ 900 Preferred member dividends 30 (4) — 26 19 — — 19 Net income (loss) available to common members $ 2,066 $ 140 $ 1 $ 2,207 $ 890 $ — $ (9) $ 881 RPT's share of earnings from unconsolidated joint ventures $ 1,065 $ 9 $ — $ 1,074 $ 458 $ — $ (2) $ 456 Nine Months Ended September 30, Statements of Operations 2021 2020 (In thousands) R2G RGMZ Other Total R2G RGMZ Other Total Total revenue $ 21,462 $ 3,298 $ — $ 24,760 $ 18,298 $ — $ — $ 18,298 Total expenses 15,709 1,781 7 17,497 15,295 — 23 15,318 Income (loss) before other income and expense 5,753 1,517 (7) 7,263 3,003 — (23) 2,980 Interest expense — 1,210 — 1,210 — — — — Net income (loss) $ 5,753 $ 307 $ (7) $ 6,053 $ 3,003 $ — $ (23) $ 2,980 Preferred member dividends 66 12 — 78 $ 55 — $ — 55 Net income (loss) available to common members $ 5,687 $ 295 $ (7) $ 5,975 $ 2,948 $ — $ (23) $ 2,925 RPT's share of earnings from unconsolidated joint ventures $ 2,928 $ 19 $ — $ 2,947 $ 1,518 $ — $ (4) $ 1,514 Acquisitions The following table provides a summary of our R2G joint venture property acquisitions during the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (in thousands) (In thousands) East Lake Woodlands Palm Harbor, FL 104 7/9/21 $ 25,500 $ 25,730 $ — Village Shoppes of Canton Canton, MA 284 7/12/21 61,500 61,363 — South Pasadena Shopping Center South Pasadena, FL 164 7/14/21 32,650 33,184 — Bedford Marketplace Bedford, MA 153 7/29/21 54,500 54,775 — Total R2G acquisitions 705 $ 174,150 $ 175,052 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The total aggregate fair value of the R2G acquisitions was allocated and is reflected in the following table in accordance with accounting guidance for asset acquisitions. At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: As of Acquisition Date (In thousands) Land $ 31,578 Buildings and improvements 123,384 Above market leases 6,135 Lease origination costs 18,965 Below market leases (5,010) Net assets acquired $ 175,052 The following table provides a summary of our RGMZ joint venture property acquisitions during the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued (in thousands) (In thousands) RPT Realty - 13 Income Producing Properties Various (2) 169 3/5/21 $ 36,196 $ 37,228 $ (21,718) RPT Realty - 2 Income Producing Properties Southfield, MI 329 5/21/21 39,334 39,603 (23,600) Single-Tenant Property Las Vegas, NV 14 7/30/21 4,650 4,670 (2,790) RPT Realty - 13 Income Producing Properties Various (3) 147 8/27/21 36,104 36,725 (21,662) RPT Realty - 1 Income Producing Property Newnan, GA 6 9/14/21 1,543 1,581 (926) Total RGMZ acquisitions 665 $ 117,827 $ 119,807 $ (70,696) (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. (2) Net lease retail properties acquired are located in Colorado, Florida, Georgia, Illinois, Indiana and Kentucky. (3) Net lease retail properties acquired are located in Florida, Georgia, and Michigan. The total aggregate fair value of the RGMZ acquisitions was allocated and is reflected in the following table in accordance with accounting guidance for asset acquisitions. At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: As of Acquisition Date (In thousands) Land $ 62,606 Buildings and improvements 23,120 Above market leases 27,170 Lease origination costs 7,207 Below market leases (296) Net assets acquired $ 119,807 Dispositions There was no disposition activity in the nine months ended September 30, 2021 by any of our unconsolidated joint ventures. Joint Venture Management and Other Fee Income We receive a property management fee calculated as a percentage of gross revenues received for providing services to R2G and recognize these fees as the services are rendered. We also receive an asset management fee for services provided to RGMZ, which is based upon 0.25% of the gross asset value of net lease retail assets in RGMZ. The Company will be paid an additional annual incentive management fee equal to 0.15% based upon the appraised gross asset value of the net lease retail assets in RGMZ. However, the Company will not earn this fee until meeting certain financial hurdles measured at sale or initial public offering of the RGMZ joint venture. We also can receive fees from both joint ventures for leasing and investing services. The following table provides information for our fees earned which are reported in our condensed consolidated statements of operations and comprehensive income: Three Months Ended September 30, 2021 2020 (In thousands) R2G RGMZ Total R2G Other Total Management fees $ 348 $ 58 $ 406 $ 213 $ — $ 213 Leasing fees 15 — 15 125 — 125 Construction fees 5 — 5 — — — Total $ 368 $ 58 $ 426 $ 338 $ — $ 338 Nine Months Ended September 30, 2021 2020 (In thousands) R2G RGMZ Total R2G Other Total Management fees $ 822 $ 99 $ 921 $ 648 $ 4 $ 652 Leasing fees 346 — 346 265 — 265 Construction fees 5 — 5 — — — Total $ 1,173 $ 99 $ 1,272 $ 913 $ 4 $ 917

Debt

Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes our mortgages, notes payable, revolving credit facility and finance lease obligation as of September 30, 2021 and December 31, 2020: Notes Payable and Finance Lease Obligation September 30, December 31, (In thousands) Senior unsecured notes $ 498,000 $ 535,000 Unsecured term loan facilities 310,000 310,000 Fixed rate mortgages 83,388 85,254 Unsecured revolving credit facility 55,000 100,000 946,388 1,030,254 Unamortized premium 475 1,103 Unamortized deferred financing costs (3,035) (3,606) Total notes payable, net $ 943,828 $ 1,027,751 Finance lease obligation $ 875 $ 875 Senior Unsecured Notes On June 28, 2021, we repaid $37.0 million of debt which constituted repayment in full of the Operating Partnership's 3.75% senior unsecured notes due 2021, issued pursuant to the note purchase agreement dated June 27, 2013, as amended. Accordingly, on June 28, 2021, all outstanding notes and other obligations of the Operating Partnership and guarantors under such note purchase agreement were paid and satisfied. The following table summarizes the Company's senior unsecured notes: September 30, 2021 December 31, 2020 Senior Unsecured Notes Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Senior unsecured notes 6/27/2021 $ — — % $ 37,000 3.75 % Senior unsecured notes 6/27/2023 41,500 4.12 % 41,500 4.12 % Senior unsecured notes 5/28/2024 50,000 4.65 % 50,000 4.65 % Senior unsecured notes 11/18/2024 25,000 4.05 % 25,000 4.05 % Senior unsecured notes 6/27/2025 31,500 4.27 % 31,500 4.27 % Senior unsecured notes 7/6/2025 50,000 4.20 % 50,000 4.20 % Senior unsecured notes 9/30/2025 50,000 4.09 % 50,000 4.09 % Senior unsecured notes 5/28/2026 50,000 4.74 % 50,000 4.74 % Senior unsecured notes 11/18/2026 25,000 4.28 % 25,000 4.28 % Senior unsecured notes 12/21/2027 30,000 4.57 % 30,000 4.57 % Senior unsecured notes 11/30/2028 75,000 3.64 % 75,000 3.64 % Senior unsecured notes 12/21/2029 20,000 4.72 % 20,000 4.72 % Senior unsecured notes 12/27/2029 50,000 4.15 % 50,000 4.15 % $ 498,000 4.24 % $ 535,000 4.20 % Unamortized deferred financing costs (1,459) (1,715) Total $ 496,541 $ 533,285 Unsecured Term Loan Facilities and Revolving Credit Facility The following table summarizes the Company's unsecured term loan facilities and revolving credit facility: September 30, 2021 December 31, 2020 Unsecured Credit Facilities Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Unsecured term loan - fixed rate (1) 3/3/2023 $ 60,000 3.02 % $ 60,000 3.02 % Unsecured term loan - fixed rate (2) 11/6/2024 50,000 2.51 % 50,000 2.51 % Unsecured term loan - fixed rate (3) 2/6/2025 50,000 2.57 % 50,000 2.57 % Unsecured term loan - fixed rate (4) 11/6/2026 50,000 2.95 % 50,000 2.95 % Unsecured term loan - fixed rate (5) 2/5/2027 100,000 3.04 % 100,000 3.12 % $ 310,000 2.86 % $ 310,000 2.89 % Unamortized deferred financing costs (1,576) (1,891) Term loans, net $ 308,424 $ 308,109 Revolving credit facility - variable rate 11/6/2023 $ 55,000 1.23 % 100,000 1.30 % (1) Swapped to a weighted average fixed rate of 1.77%, plus a credit spread of 1.25%, based on a leverage grid at September 30, 2021. (2) Swapped to a weighted average fixed rate of 1.26%, plus a credit spread of 1.25%, based on a leverage grid at September 30, 2021. (3) Swapped to a weighted average fixed rate of 1.32%, plus a credit spread of 1.25%, based on a leverage grid at September 30, 2021. (4) Swapped to a weighted average fixed rate of 1.30%, plus a credit spread of 1.65%, based on a leverage grid at September 30, 2021. (5) Swapped to a weighted average fixed rate of 1.39%, plus a credit spread of 1.65%, based on a leverage grid at September 30, 2021. As of September 30, 2021 we had $55.0 million outstanding under our unsecured revolving credit facility, which represented a decrease of $45.0 million from December 31, 2020, primarily a result of repayments made in February 2021. We ha d no outstanding letters of credit issued under our revolving credit facility as of September 30, 2021. We had $295.0 million of unused capacity under our $350.0 million unsecured revolving credit facility that could be borrowed subject to compliance with applicable financial covenants. The interest rate as of September 30, 2021 was 1.23%. Mortgages The following table summarizes the Company's fixed rate mortgages: September 30, 2021 December 31, 2020 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Bridgewater Falls Shopping Center 2/6/2022 $ 51,365 5.70 % $ 52,274 5.70 % The Shops on Lane Avenue 1/10/2023 27,762 3.76 % 28,169 3.76 % Nagawaukee II 6/1/2026 4,261 5.80 % 4,811 5.80 % $ 83,388 5.06 % $ 85,254 5.06 % Unamortized premium 475 1,103 Total $ 83,863 $ 86,357 The fixed rate mortgages are secured by properties that have an approximate net book value of $143.7 million as of September 30, 2021. 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 would be liable for the entire outstanding balance of the loan, all interest accrued thereon and certain other costs, including penalties and expenses. Covenants On June 30, 2020, the Company entered into amendments to the note purchase agreements governing all of the Company's outstanding senior unsecured notes. The following is a summary of the material amendments: • The occupancy tests relating to the minimum ratio of consolidated total unencumbered asset value to unsecured indebtedness were eliminated during the period from June 30, 2020 through and including September 30, 2021 (the “Specified Period”) and were otherwise reduced during the fiscal quarters ended December 31, 2021 and March 31, 2022; • The minimum ratio of consolidated total unencumbered asset value to unsecured indebtedness that the Operating Partnership is required to maintain was reduced during the Specified Period; and • The Operating Partnership agreed to a minimum liquidity requirement during the Specified Period. Our revolving credit facility, senior unsecured notes as amended and term loan facilities contain financial covenants relating to total leverage, fixed charge coverage ratio, unencumbered assets, tangible net worth and various other calculations. As of September 30, 2021, we were in compliance with these covenants. Debt Maturities The following table presents scheduled principal payments on mortgages, notes payable and revolving credit facility as of September 30, 2021: Year Ending December 31, (In thousands) 2021 (remaining) $ 642 2022 52,397 2023 (1) 184,388 2024 125,879 2025 182,431 Thereafter 400,651 Subtotal debt 946,388 Unamortized premium 475 Unamortized deferred financing costs (3,035) Total debt $ 943,828

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2021
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 which is 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 September 30, 2021 and December 31, 2020: Total Level 2 Balance Sheet Location September 30, 2021 (In thousands) Derivative assets - interest rate swaps Other assets $ — $ — Derivative liabilities - interest rate swaps Other liabilities $ (6,563) $ (6,563) December 31, 2020 Derivative assets - interest rate swaps Other assets $ — $ — Derivative liabilities - interest rate swaps Other liabilities $ (14,468) $ (14,468) The carrying values of cash and cash equivalents, restricted cash and escrows, 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 $891.4 million and $930.3 million as of September 30, 2021 and December 31, 2020, respectively, had fair values of approximately $916.3 million and $927.5 million, respectively. Variable rate debt’s fair value is estimated to be the carrying value of $55.0 million and $100.0 million as of September 30, 2021 and December 31, 2020, 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. The table below presents the recorded amount of assets at the time they were marked to fair value during the nine months ended September 30, 2021 and 2020 on a nonrecurring basis. We did not have any material liabilities that were required to be measured at fair value on a nonrecurring basis during the nine months ended September 30, 2021 and 2020: Assets Total Fair Value Level 1 Level 2 Level 3 Total Impairment (In thousands) 2021 Income producing properties $ 1,543 $ — $ — $ 1,543 $ (5) Total $ 1,543 $ — $ — $ 1,543 $ (5) 2020 None

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2021
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 and comprehensive income. 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. At September 30, 2021, all of our hedges were effective. In July 2017, the Financial Conduct Authority, the authority that regulates LIBOR, announced it intends to stop compelling banks to submit rates for the calculation of LIBOR after 2021. In November 2020, the ICE Benchmark Administration, the administrator of LIBOR, announced plans to consult on ceasing publications of LIBOR on December 31, 2021 for only the one week and two week LIBOR tenors, and on June 30, 2023 for all other LIBOR tenors. The Alternative Reference Rates Committee (ARRC) has proposed that the Secured Overnight Financing Rate (SOFR) is the rate that represents best practice as the alternative to USD-LIBOR for use in derivatives and other financial contracts that are currently indexed to USD-LIBOR. ARRC has proposed a paced market transition plan to SOFR from USD-LIBOR and organizations are currently working on industry wide and company specific transition plans as it relates to derivatives and cash markets exposed to USD-LIBOR. There is no guarantee that a transition from LIBOR to an alternative will not result in financial market disruptions, significant increases in benchmark rates, or financing costs to borrowers. We have material contracts that are indexed to USD-LIBOR, and we are monitoring this activity and evaluating the related risks. At September 30, 2021, we had ten interest rate swap agreements in effect for an aggregate notional amount of $310.0 million converting our floating rate corporate debt to fixed rate debt. The following table summarizes the notional values and fair values of our derivative financial instruments as of September 30, 2021: Hedge Notional Fixed Fair Expiration Underlying Debt (In thousands) (In thousands) Derivative Liabilities Unsecured term loan Cash Flow $ 60,000 1.770 % $ (1,355) 03/2023 Unsecured term loan Cash Flow 30,000 1.260 % (631) 11/2024 Unsecured term loan Cash Flow 10,000 1.259 % (210) 11/2024 Unsecured term loan Cash Flow 10,000 1.269 % (213) 11/2024 Unsecured term loan Cash Flow 25,000 1.310 % (564) 01/2025 Unsecured term loan Cash Flow 25,000 1.324 % (576) 01/2025 Unsecured term loan Cash Flow 50,000 1.297 % (863) 11/2026 Unsecured term loan Cash Flow 25,000 1.402 % (551) 01/2027 Unsecured term loan Cash Flow 50,000 1.382 % (1,053) 01/2027 Unsecured term loan Cash Flow 25,000 1.398 % (547) 01/2027 Total Derivative Liabilities: $ 310,000 $ (6,563) The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2020: Hedge Notional Fixed Fair Expiration Underlying Debt (In thousands) (In thousands) Derivative Liabilities Unsecured term loan Cash Flow $ 20,000 1.498 % $ (112) 05/2021 Unsecured term loan Cash Flow 15,000 1.490 % (83) 05/2021 Unsecured term loan Cash Flow 40,000 1.480 % (220) 05/2021 Unsecured term loan Cash Flow 60,000 1.770 % (2,128) 03/2023 Unsecured term loan Cash Flow 30,000 1.260 % (1,193) 11/2024 Unsecured term loan Cash Flow 10,000 1.259 % (397) 11/2024 Unsecured term loan Cash Flow 10,000 1.269 % (401) 11/2024 Unsecured term loan Cash Flow 25,000 1.310 % (1,071) 01/2025 Unsecured term loan Cash Flow 25,000 1.324 % (1,085) 01/2025 Unsecured term loan Cash Flow 50,000 1.297 % (2,522) 11/2026 Unsecured term loan Cash Flow 25,000 1.402 % (1,425) 01/2027 $ 310,000 $ (10,637) Derivative Liabilities - Forward Swaps Unsecured term loan Cash Flow 50,000 1.382 % (2,541) 01/2027 Unsecured term loan Cash Flow 25,000 1.398 % (1,290) 01/2027 Total Derivative Liabilities $ 385,000 $ (14,468) The effect of derivative financial instruments on our condensed consolidated statements of operations and comprehensive income for the three months ended September 30, 2021 and 2020 is summarized as follows: Amount of Gain (Loss) Location of Gain Amount of Gain (Loss) Derivatives in Cash Flow Hedging Relationship Three Months Ended September 30, Three Months Ended September 30, 2021 2020 2021 2020 (In thousands) (In thousands) Interest rate contracts - assets $ — $ — Interest Expense $ — $ — Interest rate contracts - liabilities 2,248 1,949 Interest Expense (1,047) (1,013) Total $ 2,248 $ 1,949 Total $ (1,047) $ (1,013) The effect of derivative financial instruments on our condensed consolidated statements of operations and comprehensive income for the nine months ended September 30, 2021 and 2020 is summarized as follows: Amount of Gain (Loss) Location of Gain Amount of Gain (Loss) Derivatives in Cash Flow Hedging Relationship Nine Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) (In thousands) Interest rate contracts - assets $ — $ (2,345) Interest Expense $ — $ 14 Interest rate contracts - liabilities 10,976 (14,458) Interest Expense (3,070) (1,711) Total $ 10,976 $ (16,803) Total $ (3,070) $ (1,697)

Leases

Leases	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Leases	Leases Revenues Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at September 30, 2021, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2021 (remaining) $ 40,983 2022 154,943 2023 136,783 2024 118,107 2025 97,861 Thereafter 288,139 Total $ 836,816 We recognized rental income related to variable lease payments of $35.5 million and $33.1 million for the nine months ended September 30, 2021 and 2020, respectively. Substantially all of the assets included as Income producing properties, net on the condensed consolidated balance sheets, relate to our portfolio of wholly owned shopping centers, in which we are the lessor under operating leases with our tenants. As of September 30, 2021, the Company’s wholly-owned portfolio was 92.6% leased. Expenses We have operating leases for our two corporate offices in New York, New York and Southfield, Michigan, that expire in January 2024 and December 2024, respectively. Our operating lease in New York includes an additional five year renewal and our operating lease in Southfield includes two additional five year renewals which are all exercisable at our option. We also have an operating ground lease at Centennial Shops located in Edina, Minnesota which includes rent escalations throughout the lease period and expires in April 2105. In addition, we have a finance ground lease at our Buttermilk Towne Center with the City of Crescent Springs that expires in December 2032. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expenses for these leases on a straight-line basis over the lease term. The components of lease expense were as follows: Three Months Ended September 30, Nine Months Ended September 30, Statements of Operations Classification 2021 2020 2021 2020 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 291 $ 291 $ 872 $ 872 Operating administrative lease cost General and administrative expense 157 144 446 435 Finance lease cost Interest Expense 11 12 34 36 Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification September 30, 2021 December 31, 2020 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 18,098 $ 18,585 Finance lease asset Land 10,095 13,249 Total leased assets $ 28,193 $ 31,834 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,530 $ 17,819 Finance lease liability Finance lease obligation 875 875 Total lease liabilities $ 18,405 $ 18,694 Weighted Average Remaining Lease Terms Operating leases 71 years 71 years Finance lease 11 years 12 years Weighted Average Incremental Borrowing Rate Operating leases 6.14 % 6.10 % Finance lease 5.23 % 5.23 % Supplemental cash flow information related to leases is as follows: Nine Months Ended September 30, 2021 2020 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,121 $ 1,100 Operating cash flows from finance lease — — Financing cash flows from finance lease — — Maturities of lease liabilities as of September 30, 2021 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2021 (remaining) $ 367 $ 100 2022 1,482 100 2023 1,495 100 2024 1,118 100 2025 1,048 100 Thereafter 94,430 700 Total lease payments $ 99,940 $ 1,200 Less imputed interest (82,410) (325) Total $ 17,530 $ 875
Leases	Leases Revenues Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at September 30, 2021, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2021 (remaining) $ 40,983 2022 154,943 2023 136,783 2024 118,107 2025 97,861 Thereafter 288,139 Total $ 836,816 We recognized rental income related to variable lease payments of $35.5 million and $33.1 million for the nine months ended September 30, 2021 and 2020, respectively. Substantially all of the assets included as Income producing properties, net on the condensed consolidated balance sheets, relate to our portfolio of wholly owned shopping centers, in which we are the lessor under operating leases with our tenants. As of September 30, 2021, the Company’s wholly-owned portfolio was 92.6% leased. Expenses We have operating leases for our two corporate offices in New York, New York and Southfield, Michigan, that expire in January 2024 and December 2024, respectively. Our operating lease in New York includes an additional five year renewal and our operating lease in Southfield includes two additional five year renewals which are all exercisable at our option. We also have an operating ground lease at Centennial Shops located in Edina, Minnesota which includes rent escalations throughout the lease period and expires in April 2105. In addition, we have a finance ground lease at our Buttermilk Towne Center with the City of Crescent Springs that expires in December 2032. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expenses for these leases on a straight-line basis over the lease term. The components of lease expense were as follows: Three Months Ended September 30, Nine Months Ended September 30, Statements of Operations Classification 2021 2020 2021 2020 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 291 $ 291 $ 872 $ 872 Operating administrative lease cost General and administrative expense 157 144 446 435 Finance lease cost Interest Expense 11 12 34 36 Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification September 30, 2021 December 31, 2020 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 18,098 $ 18,585 Finance lease asset Land 10,095 13,249 Total leased assets $ 28,193 $ 31,834 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,530 $ 17,819 Finance lease liability Finance lease obligation 875 875 Total lease liabilities $ 18,405 $ 18,694 Weighted Average Remaining Lease Terms Operating leases 71 years 71 years Finance lease 11 years 12 years Weighted Average Incremental Borrowing Rate Operating leases 6.14 % 6.10 % Finance lease 5.23 % 5.23 % Supplemental cash flow information related to leases is as follows: Nine Months Ended September 30, 2021 2020 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,121 $ 1,100 Operating cash flows from finance lease — — Financing cash flows from finance lease — — Maturities of lease liabilities as of September 30, 2021 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2021 (remaining) $ 367 $ 100 2022 1,482 100 2023 1,495 100 2024 1,118 100 2025 1,048 100 Thereafter 94,430 700 Total lease payments $ 99,940 $ 1,200 Less imputed interest (82,410) (325) Total $ 17,530 $ 875

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2021
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: Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 (In thousands, except per share data) Net income (loss) $ 26,297 $ (1,993) $ 80,836 $ (4,607) Net (income) loss attributable to noncontrolling interest (595) 46 (1,843) 106 Allocation of (income) loss to restricted share awards (171) — (465) (136) Income (loss) attributable to RPT 25,531 (1,947) 78,528 (4,637) Preferred share dividends (1,676) (1,676) (5,026) (5,026) Net income available to common shareholders - Basic 23,855 (3,623) 73,502 (9,663) Add back preferred shares for dilution (1) 1,676 — 5,026 — Net income (loss) available to common shareholders - Diluted $ 25,531 $ (3,623) $ 78,528 $ (9,663) Weighted average shares outstanding, Basic 80,418 80,051 80,228 79,978 Restricted stock awards using the treasury method (2) 1,416 — 1,299 — Dilutive effect of preferred shares (1) 7,017 — 7,017 — Weighted average shares outstanding, Diluted 88,851 80,051 88,544 79,978 Income (loss) per common share, Basic $ 0.30 $ (0.05) $ 0.92 $ (0.12) Income (loss) per common share, Diluted $ 0.29 $ (0.05) $ 0.89 $ (0.12) (1) The assumed conversion of preferred shares is dilutive for the three and nine months ended September 30, 2021 and anti-dilutive for all other periods presented. (2) Restricted stock awards are not included in the diluted per share calculation where the effect of their inclusion would be anti-dilutive. We exclude certain securities from the computation of diluted 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 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Outstanding Convertible Outstanding Convertible Outstanding Convertible Outstanding Convertible Operating Partnership Units 1,827 1,827 1,909 1,909 1,827 1,827 1,909 1,909 Series D Preferred Shares — — 1,849 7,014 — — 1,849 7,014 Restricted Stock Awards — — 1,073 100 — — 1,073 299 1,827 1,827 4,831 9,023 1,827 1,827 4,831 9,222

Share-based Compensation Plans

Share-based Compensation Plans	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Share-based Compensation Plans	Share-based Compensation Plans As of September 30, 2021, we have two share-based compensation plans in effect: 1) the Amended and Restated 2019 Omnibus Long-Term Incentive Plan (“2019 LTIP”) and 2) the Inducement Incentive Plan (“Inducement Plan”). The 2019 LTIP is administered by the compensation committee of the Board (the “Compensation Committee”). The 2019 LTIP provides for the award to our trustees, officers, employees and other service providers of restricted shares, restricted share units, options to purchase shares, share appreciation rights, unrestricted shares, and other awards to acquire up to an aggregate of 5.1 million common shares of beneficial interest plus any shares that become available under the 2012 Omnibus Long-Term Incentive Plan (“2012 LTIP”) as a result of the forfeiture, expiration or cancellation of outstanding awards or any award settled in cash in lieu of shares under such plan. As of September 30, 2021, there were 2.4 million shares of beneficial interest available for issuance under the 2019 LTIP. The Inducement Plan was approved by the Board in April 2018 and under such plan the 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 individuals who were not previously employees or members of the Board as an inducement to the individual's entry into employment with the Company. The Inducement Plan allows us to issue up to 6.0 million common shares of beneficial interest, of which 5.0 million remained available for issuance as of September 30, 2021; however, we do not intend to make further awards under the Inducement Plan following adoption of the 2019 LTIP. As of September 30, 2021, we had 779,804 unvested service-based share awards outstanding under the 2019 LTIP, 70,947 unvested service-based share awards outstanding under the 2012 LTIP and no unvested service-based share awards outstanding under the Inducement Plan. These awards have various expiration dates through June 2025. During the nine months ended September 30, 2021, we granted the following awards: • 348,667 shares of service-based restricted stock. The service-based awards were valued based on our closing stock price as of the grant date; and • Performance-based equity 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 to employees vest over three years and the compensation expense is recognized on a graded vesting basis. The service-based restricted share awards to trustees vest over one year. We recognized expense related to service-based restricted share grants of $1.0 million and $1.1 million for the three months ended September 30, 2021 and September 30, 2020, respectively, and expense of $3.1 million and $2.9 million for the nine months ended September 30, 2021 and September 30, 2020, 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 (benefit) expense related to the cash awards was $(0.2) million and $(0.1) million, for the three months ended September 30, 2021 and September 30, 2020, respectively, and compensation expense (benefit) of $0.9 million and $(0.3) million, for the nine months ended September 30, 2021 and September 30, 2020, respectively. The weighted average assumptions used in the Monte Carlo simulation models are summarized in the following table: September 30, 2021 December 31, 2020 Closing share price $12.76 $8.65 Expected dividend rate 3.8 % — % Expected stock price volatility 31.9 % 49.8% - 91.5% Risk-free interest rate — % 0.1% - 0.3% Expected life (years) 0.25 1.0 - 4.0 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 recognizes 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 $1.1 million and $0.7 million for the three months ended September 30, 2021 and September 30, 2020, respectively, and $2.5 million and $1.9 million for the nine months ended September 30, 2021 and September 30, 2020, respectively. The fair value of each grant for the reported periods is estimated on the date of grant using the Monte Carlo simulation model using the weighted average assumptions noted in the following table: Nine Months Ended September 30, 2021 2020 Closing share price $10.45 $13.09 Expected dividend rate — % 6.7 % Expected stock price volatility 57.1 % 23.3 % Risk-free interest rate 0.2 % 0.9 % Expected life (years) 2.88 2.85 We recognized total share-based compensation expense of $1.9 million and $1.7 million for the three months ended September 30, 2021 and September 30, 2020, respectively, and $6.5 million and $4.5 million for the nine months ended September 30, 2021 and September 30, 2020, respectively.

Taxes

Taxes	9 Months Ended
	Sep. 30, 2021
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 and our subsidiary REITs 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 September 30, 2021, we had a federal and state deferred tax asset of $8.4 million and a valuation allowance of $8.4 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 consolidated statement of operations and comprehensive income in the period we make the determination. We recorded an income tax benefit of approximately $0.2 million and $0.1 million for the three months ended September 30, 2021 and 2020, respectively. The income tax benefit for the nine months ended September 30, 2021 and 2020 was negligible. 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	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Construction Costs In connection with the leasing and targeted remerchandinsing of various shopping centers as of September 30, 2021, we had entered into agreements for construction costs of approximately $5.9 million. Litigation We are currently involved in certain litigation arising in the ordinary course of business. We are not aware of any matters that would have a material effect on our condensed consolidated financial statements. Development Obligations As of September 30, 2021, the Company has $1.9 million of development related obligations that require annual payments through December 2043. Guarantee A redevelopment agreement was entered into between the City of Jacksonville, the Jacksonville Economic Development Commission and the Company, to construct and develop River City Marketplace in 2005. As part of the agreement, the city agreed to finance up to $12.2 million of bonds. Repayment of the bonds is to be made in accordance with a level-payment amortization schedule over 20 years, and repayments are made out of tax revenues generated by the redevelopment. The remaining debt service payments due over the life of the bonds, including principal and interest, are $7.8 million. As part of the redevelopment, the Company executed a guaranty agreement whereby the Company would fund debt service payments if incremental tax revenues were not sufficient to fund repayment. There have been no payments made by the Company under this guaranty agreement to date. Environmental Matters We are subject to numerous federal, state and local environmental laws, ordinances and regulations in the areas where we own or operate properties. We are not aware of any contamination which may have been caused by us or any of our tenants that would have a material effect on our condensed consolidated financial statements. As part of our risk management activities, we have applied and been accepted into state sponsored environmental programs which will expedite and assure satisfactory compliance with environmental laws and regulations should contaminants need to be remediated. We also have an environmental insurance policy that covers us against third party liabilities and remediation costs. While we believe that we do not have any material exposure to environmental remediation costs, we cannot give absolute assurance that changes in the law or new discoveries of contamination will not result in additional liabilities to us.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated subsequent events through the date that the condensed consolidated financial statements were issued. On October 1, 2021, the Company borrowed $75.0 million on its unsecured revolving credit facility. On October 7, 2021, R2G completed the acquisition of Dedham Mall, a 510,000 square foot shopping center, located in Dedham, MA for a contract price of $131.5 million. On October 8, 2021, we and our Operating Partnership entered into a note purchase agreement with certain institutional investors in a private placement transaction pursuant to which our Operating Partnership expects to issue (i) $75.0 million aggregate principal amount of 3.70% Senior Guaranteed Notes, Series A, due November 30, 2030 and (ii) $55.0 million aggregate principal amount of 3.82% Senior Guaranteed Notes, Series B, due November 30, 2031. Such notes are unsecured and are guaranteed by the Company and certain subsidiaries of the Operating Partnership. The proceeds from the sale of the notes are expected to be used to repay all of our Operating Partnership's senior unsecured notes due in 2023 and 2024 with an aggregate principal amount of $116.5 million and weighted average interest rate of 4.33%, to pay related costs and expenses and for working capital and general corporate purposes of us and our Operating Partnership and subsidiaries. On November 2, 2021, the Company closed on the sale of Market Plaza in the Chicago market for gross proceeds of $30.2 million.

Organization and Basis of Pre_2

Organization and Basis of Presentations (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements include the accounts of the Company and our majority owned subsidiary, RPT Realty, L.P., a Delaware limited partnership (the “Operating Partnership” or “OP” which was 97.9% and 97.7% owned by the Company at September 30, 2021 and December 31, 2020, respectively), and all wholly-owned subsidiaries, including entities in which we have a controlling financial interest or have been determined to be the primary beneficiary of a variable interest entity (“VIE”). The presentation of condensed consolidated financial statements does not itself imply that assets of any consolidated entity (including any special-purpose entity formed for a particular project) are available to pay the liabilities of any other consolidated entity, or that the liabilities of any other consolidated entity (including any special-purpose entity formed for a particular project) are obligations of any other consolidated entity. Investments in real estate joint ventures over which we have the ability to exercise significant influence, but for which we do not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, our share of the earnings (loss) of these joint ventures is included in consolidated net income (loss). All intercompany transactions and balances are eliminated in consolidation. We have elected to be a REIT for federal income tax purposes. 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, 2020. 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. The Company considered impacts to its estimates related to the current pandemic of the novel coronavirus disease (“COVID-19”) as appropriate, within its unaudited condensed consolidated financial statements and there may be changes to those estimates in future periods. The Company believes that its accounting estimates are appropriate after giving consideration to the increased uncertainties surrounding the severity and duration of the COVID-19 pandemic. Actual results could differ from those estimates.
Recently Adopted and Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements In April 2020, the FASB issued a staff question-and-answer (“Q&A”) document focused on the application of the lease guidance in ASC 842, Leases, for lease concessions related to the effects of the COVID-19 pandemic. Included in this Q&A, the FASB staff determined that it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under Topic 842 and Topic 840 as though enforceable rights and obligations for those concessions existed (regardless of whether those enforceable rights and obligations for the concessions explicitly exist in the contract). Consequently, for concessions related to the effects of the COVID-19 pandemic, an entity will not have to analyze each contract to determine whether enforceable rights and obligations for concessions exist in the contract and can elect to apply or not apply the lease modification guidance in Topic 842 and Topic 840 to those contracts. The FASB also acknowledged that some concessions will provide a deferral of payments with no substantive changes to the consideration in the original contract. The FASB indicated that a deferral affects the timing, but the amount of the consideration is substantially the same as that required by the original contract. The staff expects that there will be multiple ways to account for those deferrals, none of which the staff believes is more preferable than the others. Two of those methods are: • Account for the concessions as if no changes to the lease contract were made. Under that accounting, a lessor would increase its lease receivable, and a lessee would increase its accounts payable as receivables/payments accrue. In its income statement, a lessor would continue to recognize income, and a lessee would continue to recognize expense during the deferral period. • Account for the deferred payments as variable lease payments. In cases where we have granted a deferral for future periods as a result of COVID-19, we have accounted for the concessions as if no changes to the lease contract were made. Under that accounting, we have increased our lease receivable as the receivables have accrued. In our condensed consolidated statements of operations, we have continued to recognize income during the deferral period to the extent that we believe collection of that income is probable. In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”). In addition, the FASB subsequently issued ASU 2021-01 “Reference Rate Reform (Topic 848)” (“ASU 2021-01”) which further clarifies the optional expedients available. ASU 2020-04 and ASU 2021-01 provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The ASU is intended to help stakeholders during the global market-wide reference rate transition period. Therefore, it will be in effect for a limited time through December 31, 2022. The Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. As additional index changes in the market occur, the Company will evaluate the impact of the guidance and may apply other elections as applicable. Recently Issued Accounting Pronouncements In July 2021, the FASB updated Accounting Standards Codification (“ASC”) Topic 842 “Leases” with ASU 2021-05 “Lessors-Certain Leases with Variable Lease Payments” (“ASU 2021-05”). ASU 2021-05 affects lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. ASU 2021-05 amends the lease classification requirements for lessors to align them with practice under Topic 840, whereby lessors classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease when certain criteria are met. ASU 2016-13 is effective for annual periods beginning after December 15, 2021, including interim periods within that fiscal year. We are currently evaluating the guidance and have not determined the impact this standard may have on our condensed consolidated financial statements.
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.
Derivatives 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.

Property Acquisitions and Dis_2

Property Acquisitions and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Summary of Unconsolidated Joint Venture Property Acquisitions	The following table provides a summary of our acquisition activity for the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (in thousands) (In thousands) Northborough Crossing Northborough, MA 646 6/18/21 $ 104,000 $ 97,182 $ — Bellevue Plaza Nashville, TN 77 7/7/21 10,430 10,651 — Woodstock Square Woodstock, GA 219 7/14/21 37,670 37,585 — Newnan Pavilion Newnan, GA 467 8/5/21 41,550 42,034 — Total income producing acquisitions 1,409 $ 193,650 $ 187,452 $ — Total acquisitions 1,409 $ 193,650 $ 187,452 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The following table provides a summary of our R2G joint venture property acquisitions during the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (in thousands) (In thousands) East Lake Woodlands Palm Harbor, FL 104 7/9/21 $ 25,500 $ 25,730 $ — Village Shoppes of Canton Canton, MA 284 7/12/21 61,500 61,363 — South Pasadena Shopping Center South Pasadena, FL 164 7/14/21 32,650 33,184 — Bedford Marketplace Bedford, MA 153 7/29/21 54,500 54,775 — Total R2G acquisitions 705 $ 174,150 $ 175,052 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The following table provides a summary of our RGMZ joint venture property acquisitions during the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued (in thousands) (In thousands) RPT Realty - 13 Income Producing Properties Various (2) 169 3/5/21 $ 36,196 $ 37,228 $ (21,718) RPT Realty - 2 Income Producing Properties Southfield, MI 329 5/21/21 39,334 39,603 (23,600) Single-Tenant Property Las Vegas, NV 14 7/30/21 4,650 4,670 (2,790) RPT Realty - 13 Income Producing Properties Various (3) 147 8/27/21 36,104 36,725 (21,662) RPT Realty - 1 Income Producing Property Newnan, GA 6 9/14/21 1,543 1,581 (926) Total RGMZ acquisitions 665 $ 117,827 $ 119,807 $ (70,696) (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. (2) Net lease retail properties acquired are located in Colorado, Florida, Georgia, Illinois, Indiana and Kentucky. (3) Net lease retail properties acquired are located in Florida, Georgia, and Michigan.
Schedule of Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations	At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: As of Acquisition Date (In thousands) Land $ 43,305 Buildings and improvements 97,635 Above market leases 26,288 Lease origination costs 26,666 Below market leases (6,442) Net assets acquired $ 187,452 As of Acquisition Date (In thousands) Land $ 31,578 Buildings and improvements 123,384 Above market leases 6,135 Lease origination costs 18,965 Below market leases (5,010) Net assets acquired $ 175,052 As of Acquisition Date (In thousands) Land $ 62,606 Buildings and improvements 23,120 Above market leases 27,170 Lease origination costs 7,207 Below market leases (296) Net assets acquired $ 119,807
Business Acquisition, Pro Forma Information	Total revenue and net income for the 2021 acquisitions included in our condensed consolidated statement of operations for the three and nine months ended September 30, 2021 were as follows: Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 (in thousands) Consolidated revenue $ 4,167 $ 4,532 Consolidated net income available to common shareholders 766 1,054
Schedule of Disposition Activity	The following table provides a summary of our disposition activity for the nine months ended September 30, 2021: Gross Property Name (1) Location Property/ Parcel Count GLA Date Sold Sales Price Gain on Sale (in thousands) (In thousands) Buttermilk Towne Center - Land parcels Crescent Springs, KY 2 107 3/5/21 $ 9,785 $ 3,809 Deer Grove - Outparcel Palatine, IL 1 8 3/5/21 2,500 1,456 Front Range Village - Land parcel Fort Collins, CO 1 5 3/5/21 2,750 1,709 Front Range Village - Outparcel Fort Collins, CO 1 4 3/5/21 2,475 1,197 Merchants' Square - Outparcels Carmel, IN 1 19 3/5/21 3,977 2,133 Promenade at Pleasant Hill - Land parcel Duluth, GA 1 4 3/5/21 1,250 467 River City Marketplace - Land parcels Jacksonville, FL 2 5 3/5/21 2,895 1,938 Rivertowne Square - Land parcel Deerfield Beach, FL 1 3 3/5/21 3,270 2,272 Shoppes of Lakeland - Land parcel Lakeland, FL 1 3 3/5/21 1,332 800 Shoppes of Lakeland - Outparcel Lakeland, FL 1 7 3/5/21 1,200 289 West Broward - Land parcel Plantation, FL 1 4 3/5/21 4,762 2,933 Tel-Twelve - Land parcels Southfield, MI 2 329 5/21/21 39,334 34,216 Marketplace of Delray - Land parcels Delray Beach, FL 3 12 8/27/21 7,960 6,700 Marketplace of Delray - Outparcels Delray Beach, FL 4 17 8/27/21 8,046 5,192 Parkway Shops - Land parcel Jacksonville, FL 1 26 8/27/21 2,622 930 Peachtree Hill - Outparcel Duluth, GA 1 66 8/27/21 8,275 2,103 Promenade at Pleasant Hill - Outparcel Duluth, GA 1 3 8/27/21 844 443 West Broward Shopping Center - Outparcel Plantation, FL 1 15 8/27/21 5,954 4,964 West Oaks II Shopping Center - Outparcel Novi, MI 1 4 8/27/21 746 455 Winchester Center - Land parcel Rochester Hills, MI 1 4 8/27/21 1,657 1,409 Newnan Pavilion - Land parcel Newnan, GA 1 6 9/16/21 1,543 — Total income producing dispositions 29 651 $ 113,177 $ 75,415 Total dispositions 651 $ 113,177 $ 75,415 (1) We contributed net lease retail assets that were subdivided from wholly-owned shopping centers to our newly formed RGMZ Venture REIT LLC joint venture. The properties contributed included both income producing properties in which we owned the depreciable real estate, as well as income producing properties which are subject to a ground lease. Refer to Note 4 of these notes to the condensed consolidated financial statements for additional information.

Equity Investments in Unconso_2

Equity Investments in Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30, 2021 December 31, 2020 (In thousands) ASSETS R2G RGMZ Other Total R2G RGMZ Other Total Investment in real estate, net $ 376,329 $ 85,604 $ — $ 461,933 $ 226,083 $ — $ — $ 226,083 Other assets 52,492 40,699 — 93,191 26,125 — 47 26,172 Total Assets $ 428,821 $ 126,303 $ — $ 555,124 $ 252,208 $ — $ 47 $ 252,255 LIABILITIES AND OWNERS' EQUITY Notes payable $ — $ 70,696 $ — $ 70,696 $ — $ — $ — $ — Other liabilities 22,786 2,133 — 24,919 14,474 — 11 14,485 Owners' equity 406,035 53,474 — 459,509 237,734 — 36 237,770 Total Liabilities and Owners' Equity $ 428,821 $ 126,303 $ — $ 555,124 $ 252,208 $ — $ 47 $ 252,255 RPT's equity investments in unconsolidated joint ventures $ 213,008 $ 3,392 $ — $ 216,400 $ 126,333 $ — $ — $ 126,333 Three Months Ended September 30, Statements of Operations 2021 2020 (In thousands) R2G RGMZ Other Total R2G RGMZ Other Total Total revenue $ 9,259 $ 1,894 $ — $ 11,153 $ 6,714 $ — $ — $ 6,714 Total expenses 7,163 1,038 (1) 8,200 5,805 — 9 5,814 Operating income (loss) 2,096 856 1 2,953 909 — (9) 900 Interest expense — 720 — 720 — — — — Net income (loss) $ 2,096 $ 136 $ 1 $ 2,233 $ 909 $ — $ (9) $ 900 Preferred member dividends 30 (4) — 26 19 — — 19 Net income (loss) available to common members $ 2,066 $ 140 $ 1 $ 2,207 $ 890 $ — $ (9) $ 881 RPT's share of earnings from unconsolidated joint ventures $ 1,065 $ 9 $ — $ 1,074 $ 458 $ — $ (2) $ 456
Summary of Combined Financial Information for Unconsolidated Entities, Statements of Operations	Nine Months Ended September 30, Statements of Operations 2021 2020 (In thousands) R2G RGMZ Other Total R2G RGMZ Other Total Total revenue $ 21,462 $ 3,298 $ — $ 24,760 $ 18,298 $ — $ — $ 18,298 Total expenses 15,709 1,781 7 17,497 15,295 — 23 15,318 Income (loss) before other income and expense 5,753 1,517 (7) 7,263 3,003 — (23) 2,980 Interest expense — 1,210 — 1,210 — — — — Net income (loss) $ 5,753 $ 307 $ (7) $ 6,053 $ 3,003 $ — $ (23) $ 2,980 Preferred member dividends 66 12 — 78 $ 55 — $ — 55 Net income (loss) available to common members $ 5,687 $ 295 $ (7) $ 5,975 $ 2,948 $ — $ (23) $ 2,925 RPT's share of earnings from unconsolidated joint ventures $ 2,928 $ 19 $ — $ 2,947 $ 1,518 $ — $ (4) $ 1,514
Summary of Unconsolidated Joint Venture Property Acquisitions	The following table provides a summary of our acquisition activity for the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (in thousands) (In thousands) Northborough Crossing Northborough, MA 646 6/18/21 $ 104,000 $ 97,182 $ — Bellevue Plaza Nashville, TN 77 7/7/21 10,430 10,651 — Woodstock Square Woodstock, GA 219 7/14/21 37,670 37,585 — Newnan Pavilion Newnan, GA 467 8/5/21 41,550 42,034 — Total income producing acquisitions 1,409 $ 193,650 $ 187,452 $ — Total acquisitions 1,409 $ 193,650 $ 187,452 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The following table provides a summary of our R2G joint venture property acquisitions during the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (in thousands) (In thousands) East Lake Woodlands Palm Harbor, FL 104 7/9/21 $ 25,500 $ 25,730 $ — Village Shoppes of Canton Canton, MA 284 7/12/21 61,500 61,363 — South Pasadena Shopping Center South Pasadena, FL 164 7/14/21 32,650 33,184 — Bedford Marketplace Bedford, MA 153 7/29/21 54,500 54,775 — Total R2G acquisitions 705 $ 174,150 $ 175,052 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The following table provides a summary of our RGMZ joint venture property acquisitions during the nine months ended September 30, 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued (in thousands) (In thousands) RPT Realty - 13 Income Producing Properties Various (2) 169 3/5/21 $ 36,196 $ 37,228 $ (21,718) RPT Realty - 2 Income Producing Properties Southfield, MI 329 5/21/21 39,334 39,603 (23,600) Single-Tenant Property Las Vegas, NV 14 7/30/21 4,650 4,670 (2,790) RPT Realty - 13 Income Producing Properties Various (3) 147 8/27/21 36,104 36,725 (21,662) RPT Realty - 1 Income Producing Property Newnan, GA 6 9/14/21 1,543 1,581 (926) Total RGMZ acquisitions 665 $ 117,827 $ 119,807 $ (70,696) (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. (2) Net lease retail properties acquired are located in Colorado, Florida, Georgia, Illinois, Indiana and Kentucky. (3) Net lease retail properties acquired are located in Florida, Georgia, and Michigan.
Schedule of Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations	At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: As of Acquisition Date (In thousands) Land $ 43,305 Buildings and improvements 97,635 Above market leases 26,288 Lease origination costs 26,666 Below market leases (6,442) Net assets acquired $ 187,452 As of Acquisition Date (In thousands) Land $ 31,578 Buildings and improvements 123,384 Above market leases 6,135 Lease origination costs 18,965 Below market leases (5,010) Net assets acquired $ 175,052 As of Acquisition Date (In thousands) Land $ 62,606 Buildings and improvements 23,120 Above market leases 27,170 Lease origination costs 7,207 Below market leases (296) Net assets acquired $ 119,807
Information of Fees Earned	The following table provides information for our fees earned which are reported in our condensed consolidated statements of operations and comprehensive income: Three Months Ended September 30, 2021 2020 (In thousands) R2G RGMZ Total R2G Other Total Management fees $ 348 $ 58 $ 406 $ 213 $ — $ 213 Leasing fees 15 — 15 125 — 125 Construction fees 5 — 5 — — — Total $ 368 $ 58 $ 426 $ 338 $ — $ 338 Nine Months Ended September 30, 2021 2020 (In thousands) R2G RGMZ Total R2G Other Total Management fees $ 822 $ 99 $ 921 $ 648 $ 4 $ 652 Leasing fees 346 — 346 265 — 265 Construction fees 5 — 5 — — — Total $ 1,173 $ 99 $ 1,272 $ 913 $ 4 $ 917

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes our mortgages, notes payable, revolving credit facility and finance lease obligation as of September 30, 2021 and December 31, 2020: Notes Payable and Finance Lease Obligation September 30, December 31, (In thousands) Senior unsecured notes $ 498,000 $ 535,000 Unsecured term loan facilities 310,000 310,000 Fixed rate mortgages 83,388 85,254 Unsecured revolving credit facility 55,000 100,000 946,388 1,030,254 Unamortized premium 475 1,103 Unamortized deferred financing costs (3,035) (3,606) Total notes payable, net $ 943,828 $ 1,027,751 Finance lease obligation $ 875 $ 875 Senior Unsecured Notes On June 28, 2021, we repaid $37.0 million of debt which constituted repayment in full of the Operating Partnership's 3.75% senior unsecured notes due 2021, issued pursuant to the note purchase agreement dated June 27, 2013, as amended. Accordingly, on June 28, 2021, all outstanding notes and other obligations of the Operating Partnership and guarantors under such note purchase agreement were paid and satisfied. The following table summarizes the Company's senior unsecured notes: September 30, 2021 December 31, 2020 Senior Unsecured Notes Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Senior unsecured notes 6/27/2021 $ — — % $ 37,000 3.75 % Senior unsecured notes 6/27/2023 41,500 4.12 % 41,500 4.12 % Senior unsecured notes 5/28/2024 50,000 4.65 % 50,000 4.65 % Senior unsecured notes 11/18/2024 25,000 4.05 % 25,000 4.05 % Senior unsecured notes 6/27/2025 31,500 4.27 % 31,500 4.27 % Senior unsecured notes 7/6/2025 50,000 4.20 % 50,000 4.20 % Senior unsecured notes 9/30/2025 50,000 4.09 % 50,000 4.09 % Senior unsecured notes 5/28/2026 50,000 4.74 % 50,000 4.74 % Senior unsecured notes 11/18/2026 25,000 4.28 % 25,000 4.28 % Senior unsecured notes 12/21/2027 30,000 4.57 % 30,000 4.57 % Senior unsecured notes 11/30/2028 75,000 3.64 % 75,000 3.64 % Senior unsecured notes 12/21/2029 20,000 4.72 % 20,000 4.72 % Senior unsecured notes 12/27/2029 50,000 4.15 % 50,000 4.15 % $ 498,000 4.24 % $ 535,000 4.20 % Unamortized deferred financing costs (1,459) (1,715) Total $ 496,541 $ 533,285 Unsecured Term Loan Facilities and Revolving Credit Facility The following table summarizes the Company's unsecured term loan facilities and revolving credit facility: September 30, 2021 December 31, 2020 Unsecured Credit Facilities Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Unsecured term loan - fixed rate (1) 3/3/2023 $ 60,000 3.02 % $ 60,000 3.02 % Unsecured term loan - fixed rate (2) 11/6/2024 50,000 2.51 % 50,000 2.51 % Unsecured term loan - fixed rate (3) 2/6/2025 50,000 2.57 % 50,000 2.57 % Unsecured term loan - fixed rate (4) 11/6/2026 50,000 2.95 % 50,000 2.95 % Unsecured term loan - fixed rate (5) 2/5/2027 100,000 3.04 % 100,000 3.12 % $ 310,000 2.86 % $ 310,000 2.89 % Unamortized deferred financing costs (1,576) (1,891) Term loans, net $ 308,424 $ 308,109 Revolving credit facility - variable rate 11/6/2023 $ 55,000 1.23 % 100,000 1.30 % (1) Swapped to a weighted average fixed rate of 1.77%, plus a credit spread of 1.25%, based on a leverage grid at September 30, 2021. (2) Swapped to a weighted average fixed rate of 1.26%, plus a credit spread of 1.25%, based on a leverage grid at September 30, 2021. (3) Swapped to a weighted average fixed rate of 1.32%, plus a credit spread of 1.25%, based on a leverage grid at September 30, 2021. (4) Swapped to a weighted average fixed rate of 1.30%, plus a credit spread of 1.65%, based on a leverage grid at September 30, 2021. (5) Swapped to a weighted average fixed rate of 1.39%, plus a credit spread of 1.65%, based on a leverage grid at September 30, 2021. The following table summarizes the Company's fixed rate mortgages: September 30, 2021 December 31, 2020 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Bridgewater Falls Shopping Center 2/6/2022 $ 51,365 5.70 % $ 52,274 5.70 % The Shops on Lane Avenue 1/10/2023 27,762 3.76 % 28,169 3.76 % Nagawaukee II 6/1/2026 4,261 5.80 % 4,811 5.80 % $ 83,388 5.06 % $ 85,254 5.06 % Unamortized premium 475 1,103 Total $ 83,863 $ 86,357
Scheduled Principal Payments on Mortgages and Notes Payable	The following table presents scheduled principal payments on mortgages, notes payable and revolving credit facility as of September 30, 2021: Year Ending December 31, (In thousands) 2021 (remaining) $ 642 2022 52,397 2023 (1) 184,388 2024 125,879 2025 182,431 Thereafter 400,651 Subtotal debt 946,388 Unamortized premium 475 Unamortized deferred financing costs (3,035) Total debt $ 943,828

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30, 2021 and December 31, 2020: Total Level 2 Balance Sheet Location September 30, 2021 (In thousands) Derivative assets - interest rate swaps Other assets $ — $ — Derivative liabilities - interest rate swaps Other liabilities $ (6,563) $ (6,563) December 31, 2020 Derivative assets - interest rate swaps Other assets $ — $ — Derivative liabilities - interest rate swaps Other liabilities $ (14,468) $ (14,468)
Schedule of Recorded Amount of Real Estate Assets Measured at Fair Value on a Nonrecurring Basis	The table below presents the recorded amount of assets at the time they were marked to fair value during the nine months ended September 30, 2021 and 2020 on a nonrecurring basis. We did not have any material liabilities that were required to be measured at fair value on a nonrecurring basis during the nine months ended September 30, 2021 and 2020: Assets Total Fair Value Level 1 Level 2 Level 3 Total Impairment (In thousands) 2021 Income producing properties $ 1,543 $ — $ — $ 1,543 $ (5) Total $ 1,543 $ — $ — $ 1,543 $ (5) 2020 None

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30, 2021: Hedge Notional Fixed Fair Expiration Underlying Debt (In thousands) (In thousands) Derivative Liabilities Unsecured term loan Cash Flow $ 60,000 1.770 % $ (1,355) 03/2023 Unsecured term loan Cash Flow 30,000 1.260 % (631) 11/2024 Unsecured term loan Cash Flow 10,000 1.259 % (210) 11/2024 Unsecured term loan Cash Flow 10,000 1.269 % (213) 11/2024 Unsecured term loan Cash Flow 25,000 1.310 % (564) 01/2025 Unsecured term loan Cash Flow 25,000 1.324 % (576) 01/2025 Unsecured term loan Cash Flow 50,000 1.297 % (863) 11/2026 Unsecured term loan Cash Flow 25,000 1.402 % (551) 01/2027 Unsecured term loan Cash Flow 50,000 1.382 % (1,053) 01/2027 Unsecured term loan Cash Flow 25,000 1.398 % (547) 01/2027 Total Derivative Liabilities: $ 310,000 $ (6,563) The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2020: Hedge Notional Fixed Fair Expiration Underlying Debt (In thousands) (In thousands) Derivative Liabilities Unsecured term loan Cash Flow $ 20,000 1.498 % $ (112) 05/2021 Unsecured term loan Cash Flow 15,000 1.490 % (83) 05/2021 Unsecured term loan Cash Flow 40,000 1.480 % (220) 05/2021 Unsecured term loan Cash Flow 60,000 1.770 % (2,128) 03/2023 Unsecured term loan Cash Flow 30,000 1.260 % (1,193) 11/2024 Unsecured term loan Cash Flow 10,000 1.259 % (397) 11/2024 Unsecured term loan Cash Flow 10,000 1.269 % (401) 11/2024 Unsecured term loan Cash Flow 25,000 1.310 % (1,071) 01/2025 Unsecured term loan Cash Flow 25,000 1.324 % (1,085) 01/2025 Unsecured term loan Cash Flow 50,000 1.297 % (2,522) 11/2026 Unsecured term loan Cash Flow 25,000 1.402 % (1,425) 01/2027 $ 310,000 $ (10,637) Derivative Liabilities - Forward Swaps Unsecured term loan Cash Flow 50,000 1.382 % (2,541) 01/2027 Unsecured term loan Cash Flow 25,000 1.398 % (1,290) 01/2027 Total Derivative Liabilities $ 385,000 $ (14,468)
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 and comprehensive income for the three months ended September 30, 2021 and 2020 is summarized as follows: Amount of Gain (Loss) Location of Gain Amount of Gain (Loss) Derivatives in Cash Flow Hedging Relationship Three Months Ended September 30, Three Months Ended September 30, 2021 2020 2021 2020 (In thousands) (In thousands) Interest rate contracts - assets $ — $ — Interest Expense $ — $ — Interest rate contracts - liabilities 2,248 1,949 Interest Expense (1,047) (1,013) Total $ 2,248 $ 1,949 Total $ (1,047) $ (1,013) The effect of derivative financial instruments on our condensed consolidated statements of operations and comprehensive income for the nine months ended September 30, 2021 and 2020 is summarized as follows: Amount of Gain (Loss) Location of Gain Amount of Gain (Loss) Derivatives in Cash Flow Hedging Relationship Nine Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) (In thousands) Interest rate contracts - assets $ — $ (2,345) Interest Expense $ — $ 14 Interest rate contracts - liabilities 10,976 (14,458) Interest Expense (3,070) (1,711) Total $ 10,976 $ (16,803) Total $ (3,070) $ (1,697)

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Maturity	Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at September 30, 2021, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2021 (remaining) $ 40,983 2022 154,943 2023 136,783 2024 118,107 2025 97,861 Thereafter 288,139 Total $ 836,816
Lease, Cost	The components of lease expense were as follows: Three Months Ended September 30, Nine Months Ended September 30, Statements of Operations Classification 2021 2020 2021 2020 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 291 $ 291 $ 872 $ 872 Operating administrative lease cost General and administrative expense 157 144 446 435 Finance lease cost Interest Expense 11 12 34 36 Supplemental cash flow information related to leases is as follows: Nine Months Ended September 30, 2021 2020 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,121 $ 1,100 Operating cash flows from finance lease — — Financing cash flows from finance lease — —
Assets and Liabilities, Lessee	Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification September 30, 2021 December 31, 2020 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 18,098 $ 18,585 Finance lease asset Land 10,095 13,249 Total leased assets $ 28,193 $ 31,834 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,530 $ 17,819 Finance lease liability Finance lease obligation 875 875 Total lease liabilities $ 18,405 $ 18,694 Weighted Average Remaining Lease Terms Operating leases 71 years 71 years Finance lease 11 years 12 years Weighted Average Incremental Borrowing Rate Operating leases 6.14 % 6.10 % Finance lease 5.23 % 5.23 %
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities as of September 30, 2021 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2021 (remaining) $ 367 $ 100 2022 1,482 100 2023 1,495 100 2024 1,118 100 2025 1,048 100 Thereafter 94,430 700 Total lease payments $ 99,940 $ 1,200 Less imputed interest (82,410) (325) Total $ 17,530 $ 875
Finance Lease, Liability, Maturity	Maturities of lease liabilities as of September 30, 2021 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2021 (remaining) $ 367 $ 100 2022 1,482 100 2023 1,495 100 2024 1,118 100 2025 1,048 100 Thereafter 94,430 700 Total lease payments $ 99,940 $ 1,200 Less imputed interest (82,410) (325) Total $ 17,530 $ 875

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2021
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: Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 (In thousands, except per share data) Net income (loss) $ 26,297 $ (1,993) $ 80,836 $ (4,607) Net (income) loss attributable to noncontrolling interest (595) 46 (1,843) 106 Allocation of (income) loss to restricted share awards (171) — (465) (136) Income (loss) attributable to RPT 25,531 (1,947) 78,528 (4,637) Preferred share dividends (1,676) (1,676) (5,026) (5,026) Net income available to common shareholders - Basic 23,855 (3,623) 73,502 (9,663) Add back preferred shares for dilution (1) 1,676 — 5,026 — Net income (loss) available to common shareholders - Diluted $ 25,531 $ (3,623) $ 78,528 $ (9,663) Weighted average shares outstanding, Basic 80,418 80,051 80,228 79,978 Restricted stock awards using the treasury method (2) 1,416 — 1,299 — Dilutive effect of preferred shares (1) 7,017 — 7,017 — Weighted average shares outstanding, Diluted 88,851 80,051 88,544 79,978 Income (loss) per common share, Basic $ 0.30 $ (0.05) $ 0.92 $ (0.12) Income (loss) per common share, Diluted $ 0.29 $ (0.05) $ 0.89 $ (0.12) (1) The assumed conversion of preferred shares is dilutive for the three and nine months ended September 30, 2021 and anti-dilutive for all other periods presented. (2) Restricted stock awards are not included in the diluted per share calculation where the effect of their inclusion would be anti-dilutive.
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 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Outstanding Convertible Outstanding Convertible Outstanding Convertible Outstanding Convertible Operating Partnership Units 1,827 1,827 1,909 1,909 1,827 1,827 1,909 1,909 Series D Preferred Shares — — 1,849 7,014 — — 1,849 7,014 Restricted Stock Awards — — 1,073 100 — — 1,073 299 1,827 1,827 4,831 9,023 1,827 1,827 4,831 9,222

Share-based Compensation Plans

Share-based Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	The weighted average assumptions used in the Monte Carlo simulation models are summarized in the following table: September 30, 2021 December 31, 2020 Closing share price $12.76 $8.65 Expected dividend rate 3.8 % — % Expected stock price volatility 31.9 % 49.8% - 91.5% Risk-free interest rate — % 0.1% - 0.3% Expected life (years) 0.25 1.0 - 4.0 Nine Months Ended September 30, 2021 2020 Closing share price $10.45 $13.09 Expected dividend rate — % 6.7 % Expected stock price volatility 57.1 % 23.3 % Risk-free interest rate 0.2 % 0.9 % Expected life (years) 2.88 2.85

Organization and Basis of Pre_3

Organization and Basis of Presentations (Details) $ / shares in Units, a in Thousands, ft² in Millions, $ in Millions	1 Months Ended	9 Months Ended	12 Months Ended
	Feb. 29, 2020USD ($)	Sep. 30, 2021USD ($)aft²property$ / sharesshares	Dec. 31, 2020$ / shares
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common shares of beneficial interest, par (in usd per share) | $ / shares		$ 0.01	$ 0.01
Number of joint ventures with real estate properties		9
Area of real estate property (in sq feet) | a		1,409
Aggregate portfolio, percent leased		92.60%
Sale of stock, maximum potential consideration | $	$ 100
Sale of stock, number of shares issued in transaction | shares		3,041,120
Working capital and general corporate purposes | $		$ 39.5
Proceeds from issuance or sale of equity | $		$ 60.5
RPT Realty, L.P.
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Ownership interest in RPT Realty, L. P.		97.90%	97.70%
Shopping Centers
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of real estate properties owned and managed		57
Area of real estate property (in sq feet) | ft²		14
Aggregate portfolio, percent leased		92.50%
Joint Venture, Net Lease Retail Assets
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of real estate properties owned and managed		30
Single-Tenant, Net Lease Retail Assets
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of real estate properties owned and managed		30

Real Estate - Additional Inform

Real Estate - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)propertyland
Real Estate [Abstract]
Impairment of real estate	$ 0	$ 0
Constructions in progress	15.2		$ 8.6
Land held for development or sale	$ 26.2		$ 26.2
Number of properties, held-for-sale | property			0
Number of land parcel, held-for-sale | land			0

Property Acquisitions and Dis_3

Property Acquisitions and Dispositions - Summary of Acquisitions (Details) a in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)a
Business Acquisition [Line Items]
GLA | a	1,409
Contract Price	$ 193,650
Gross purchase price	187,452
Gross assumed debt	$ 0
Northborough Crossing
Business Acquisition [Line Items]
GLA | a	646
Contract Price	$ 104,000
Gross purchase price	97,182
Gross assumed debt	$ 0
Bellevue Plaza
Business Acquisition [Line Items]
GLA | a	77
Contract Price	$ 10,430
Gross purchase price	10,651
Gross assumed debt	$ 0
Woodstock Square
Business Acquisition [Line Items]
GLA | a	219
Contract Price	$ 37,670
Gross purchase price	37,585
Gross assumed debt	$ 0
Newnan Pavilion
Business Acquisition [Line Items]
GLA | a	467
Contract Price	$ 41,550
Gross purchase price	42,034
Gross assumed debt	$ 0

Property Acquisitions and Dis_4

Property Acquisitions and Dispositions - Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations (Details) - Level 3 $ in Thousands	Sep. 30, 2021USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Land	$ 43,305
Buildings and improvements	97,635
Lease origination costs	26,666
Below market leases	(6,442)
Net assets acquired	187,452
Above market leases
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Above market leases	$ 26,288

Property Acquisitions and Dis_5

Property Acquisitions and Dispositions - Unaudited Pro Forma Information (Details) - Total consolidated income producing acquisitions - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Business Acquisition [Line Items]
Consolidated revenue	$ 4,167	$ 4,532
Consolidated net income available to common shareholders	$ 766	$ 1,054

Property Acquisitions and Dis_6

Property Acquisitions and Dispositions - Dispositions (Details) a in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)aland	Dec. 31, 2020land
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land		0
GLA | a	1,409
Income Producing Property Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	29
GLA | a	651
Sales Price	$ 113,177
Gain on Sale	$ 75,415
Income Producing Property and Land and Outparcel Dispositions
Business Acquisition [Line Items]
GLA | a	651
Sales Price	$ 113,177
Gain on Sale	$ 75,415
Buttermilk Towne Center | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	2
GLA | a	107
Sales Price	$ 9,785
Gain on Sale	$ 3,809
Deer Grove | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	8
Sales Price	$ 2,500
Gain on Sale	$ 1,456
Front Range Village | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	5
Sales Price	$ 2,750
Gain on Sale	$ 1,709
Front Range Village | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	4
Sales Price	$ 2,475
Gain on Sale	$ 1,197
Merchants' Square | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	19
Sales Price	$ 3,977
Gain on Sale	$ 2,133
Promenade at Pleasant Hill | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	4
Sales Price	$ 1,250
Gain on Sale	$ 467
Promenade at Pleasant Hill | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	3
Sales Price	$ 844
Gain on Sale	$ 443
River City Marketplace | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	2
GLA | a	5
Sales Price	$ 2,895
Gain on Sale	$ 1,938
Rivertowne Square | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	3
Sales Price	$ 3,270
Gain on Sale	$ 2,272
Shoppes of Lakeland | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	3
Sales Price	$ 1,332
Gain on Sale	$ 800
Shoppes of Lakeland | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	7
Sales Price	$ 1,200
Gain on Sale	$ 289
West Broward | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	4
Sales Price	$ 4,762
Gain on Sale	$ 2,933
Tel-Twelve | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	2
GLA | a	329
Sales Price	$ 39,334
Gain on Sale	$ 34,216
Marketplace of Delray | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	3
GLA | a	12
Sales Price	$ 7,960
Gain on Sale	$ 6,700
Marketplace of Delray | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	4
GLA | a	17
Sales Price	$ 8,046
Gain on Sale	$ 5,192
Parkway Shops | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	26
Sales Price	$ 2,622
Gain on Sale	$ 930
Peachtree Hill | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	66
Sales Price	$ 8,275
Gain on Sale	$ 2,103
West Broward Shopping Center | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	15
Sales Price	$ 5,954
Gain on Sale	$ 4,964
West Oaks II Shopping Center | Outparcel Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	4
Sales Price	$ 746
Gain on Sale	$ 455
Winchester Center | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	4
Sales Price	$ 1,657
Gain on Sale	$ 1,409
Newnan Pavilion | Land parcels Dispositions
Business Acquisition [Line Items]
Number of land parcel, held-for-sale | land	1
GLA | a	6
Sales Price	$ 1,543
Gain on Sale	$ 0

Equity Investments in Unconso_3

Equity Investments in Unconsolidated Joint Ventures - Additional Information (Details)	Mar. 04, 2021USD ($)property	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2020joint_ventureproperty
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_venture				3
Number of net lease retail properties | property	28
Net proceeds from sales of real estate		$ 97,334,000	$ 0
Acquired stake percentage	93.60%
Percentage of management fee of gross asset value	0.15%
Joint Venture One
Schedule of Equity Method Investments [Line Items]
Ownership interest				51.50%
Joint Venture Two
Schedule of Equity Method Investments [Line Items]
Ownership interest				30.00%
Joint Venture Three
Schedule of Equity Method Investments [Line Items]
Ownership interest				7.00%
R2G Venture LLC
Schedule of Equity Method Investments [Line Items]
Number of incoming producing properties | property				9
RGMZ Venture REIT LLC
Schedule of Equity Method Investments [Line Items]
Net proceeds from sales of real estate	$ 95,900,000	111,600,000
Gross proceeds	100,200,000
Amount of preferred equity investment stake in zimmer and monarch affiliates	$ 7,600,000
Percentage of management fee of gross asset value	0.25%
Line of credit facility, maximum borrowing capacity	$ 240,000,000	240,000,000
Total capacity of future potential commitment	$ 500,000,000
Line of credit facility, remaining borrowing capacity		$ 169,300,000
RGMZ Venture REIT LLC | Minimum
Schedule of Equity Method Investments [Line Items]
Stake percentage maintains management fee	6.40%

Equity Investments in Unconso_4

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Investment in real estate, net	$ 1,551,421	$ 1,463,248
Other assets, net	93,307	77,465
TOTAL ASSETS	1,979,690	1,950,040
LIABILITIES AND OWNERS' EQUITY
Notes payable	943,828	1,027,751
Other liabilities	1,073,481	1,148,671
Owners' equity	886,579	782,394
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,979,690	1,950,040
RPT's equity investments in unconsolidated joint ventures	216,400	126,333
Equity Method Investment, Nonconsolidated Investee or Group of Investees , R2G
ASSETS
Investment in real estate, net	376,329	226,083
Other assets, net	52,492	26,125
TOTAL ASSETS	428,821	252,208
LIABILITIES AND OWNERS' EQUITY
Notes payable	0	0
Other liabilities	22,786	14,474
Owners' equity	406,035	237,734
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	428,821	252,208
RPT's equity investments in unconsolidated joint ventures	213,008	126,333
Equity Method Investment, Nonconsolidated Investee or Group of Investees RGMZ
ASSETS
Investment in real estate, net	85,604	0
Other assets, net	40,699	0
TOTAL ASSETS	126,303	0
LIABILITIES AND OWNERS' EQUITY
Notes payable	70,696	0
Other liabilities	2,133	0
Owners' equity	53,474	0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	126,303	0
RPT's equity investments in unconsolidated joint ventures	3,392	0
Equity Method Investment, Nonconsolidated Investee, Other
ASSETS
Investment in real estate, net	0	0
Other assets, net	0	47
TOTAL ASSETS	0	47
LIABILITIES AND OWNERS' EQUITY
Notes payable	0	0
Other liabilities	0	11
Owners' equity	0	36
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	0	47
RPT's equity investments in unconsolidated joint ventures	0	0
Equity Method Investment, Nonconsolidated Investee, Total
ASSETS
Investment in real estate, net	461,933	226,083
Other assets, net	93,191	26,172
TOTAL ASSETS	555,124	252,255
LIABILITIES AND OWNERS' EQUITY
Notes payable	70,696	0
Other liabilities	24,919	14,485
Owners' equity	459,509	237,770
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	555,124	252,255
RPT's equity investments in unconsolidated joint ventures	$ 216,400	$ 126,333

Equity Investments in Unconso_5

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	$ 55,175	$ 46,487	$ 157,492	$ 143,990
Total expenses	42,970	39,018	126,834	120,979
Operating income (loss)	26,140	(2,080)	80,789	(4,644)
Interest expense	9,297	9,913	28,008	29,491
Net income (loss)	26,297	(1,993)	80,836	(4,607)
Preferred member dividends	1,676	1,676	5,026	5,026
Net income (loss) available to common members	24,026	(3,623)	73,967	(9,527)
RPT's share of earnings from unconsolidated joint ventures	1,074	456	2,947	1,514
Equity Method Investment, Nonconsolidated Investee or Group of Investees , R2G
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	9,259	6,714	21,462	18,298
Total expenses	7,163	5,805	15,709	15,295
Operating income (loss)	2,096	909	5,753	3,003
Interest expense	0	0	0	0
Net income (loss)	2,096	909	5,753	3,003
Preferred member dividends	30	19	66	55
Net income (loss) available to common members	2,066	890	5,687	2,948
RPT's share of earnings from unconsolidated joint ventures	1,065	458	2,928	1,518
Equity Method Investment, Nonconsolidated Investee or Group of Investees RGMZ
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	1,894	0	3,298	0
Total expenses	1,038	0	1,781	0
Operating income (loss)	856	0	1,517	0
Interest expense	720	0	1,210	0
Net income (loss)	136	0	307	0
Preferred member dividends	(4)	0	12	0
Net income (loss) available to common members	140	0	295	0
RPT's share of earnings from unconsolidated joint ventures	9	0	19	0
Equity Method Investment, Nonconsolidated Investee, Other
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	0	0	0	0
Total expenses	(1)	9	7	23
Operating income (loss)	1	(9)	(7)	(23)
Interest expense	0	0	0	0
Net income (loss)	1	(9)	(7)	(23)
Preferred member dividends	0	0	0	0
Net income (loss) available to common members	1	(9)	(7)	(23)
RPT's share of earnings from unconsolidated joint ventures	0	(2)	0	(4)
Equity Method Investment, Nonconsolidated Investee, Total
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	11,153	6,714	24,760	18,298
Total expenses	8,200	5,814	17,497	15,318
Operating income (loss)	2,953	900	7,263	2,980
Interest expense	720	0	1,210	0
Net income (loss)	2,233	900	6,053	2,980
Preferred member dividends	26	19	78	55
Net income (loss) available to common members	2,207	881	5,975	2,925
RPT's share of earnings from unconsolidated joint ventures	$ 1,074	$ 456	$ 2,947	$ 1,514

Equity Investments in Unconso_6

Equity Investments in Unconsolidated Joint Ventures - Summary of Unconsolidated Joint Venture Acquisition Activity (Details) ft² in Thousands, a in Thousands, $ in Thousands	Sep. 14, 2021USD ($)a	Aug. 27, 2021USD ($)a	Jul. 30, 2021USD ($)a	Jul. 29, 2021USD ($)ft²	Jul. 14, 2021USD ($)ft²	Jul. 12, 2021USD ($)ft²	Jul. 09, 2021USD ($)ft²	May 21, 2021USD ($)a	Mar. 05, 2021USD ($)a	Sep. 30, 2021USD ($)aft²
Schedule of Equity Method Investments [Line Items]
GLA | a										1,409
Contract Price										$ 193,650
Gross purchase price										$ 187,452
R2G Joint Venture Properties
Schedule of Equity Method Investments [Line Items]
GLA | ft²										705
Contract Price										$ 174,150
Gross purchase price										175,052
Gross debt issued										$ 0
R2G Joint Venture Properties | East Lake Woodlands
Schedule of Equity Method Investments [Line Items]
GLA | ft²							104
Contract Price							$ 25,500
Gross purchase price							25,730
Gross debt issued							$ 0
R2G Joint Venture Properties | Village Shoppes of Canton
Schedule of Equity Method Investments [Line Items]
GLA | ft²						284
Contract Price						$ 61,500
Gross purchase price						61,363
Gross debt issued						$ 0
R2G Joint Venture Properties | South Pasadena Shopping Center
Schedule of Equity Method Investments [Line Items]
GLA | ft²					164
Contract Price					$ 32,650
Gross purchase price					33,184
Gross debt issued					$ 0
R2G Joint Venture Properties | Bedford Marketplace
Schedule of Equity Method Investments [Line Items]
GLA | ft²				153
Contract Price				$ 54,500
Gross purchase price				54,775
Gross debt issued				$ 0
RGMZ Venture REIT LLC
Schedule of Equity Method Investments [Line Items]
GLA | a										665
Contract Price										$ 117,827
Gross purchase price										119,807
Gross debt issued										$ (70,696)
RGMZ Venture REIT LLC | RPT Realty - 13 Income Producing Properties
Schedule of Equity Method Investments [Line Items]
GLA | a		147							169
Contract Price		$ 36,104							$ 36,196
Gross purchase price		36,725							37,228
Gross debt issued		$ (21,662)							$ (21,718)
RGMZ Venture REIT LLC | RPT Realty - 2 Income Producing Properties
Schedule of Equity Method Investments [Line Items]
GLA | a								329
Contract Price								$ 39,334
Gross purchase price								39,603
Gross debt issued								$ (23,600)
RGMZ Venture REIT LLC | Single-Tenant Property
Schedule of Equity Method Investments [Line Items]
GLA | a			14
Contract Price			$ 4,650
Gross purchase price			4,670
Gross debt issued			$ (2,790)
RGMZ Venture REIT LLC | RPT Realty - 1 Income Producing Property
Schedule of Equity Method Investments [Line Items]
GLA | a	6
Contract Price	$ 1,543
Gross purchase price	1,581
Gross debt issued	$ (926)

Equity Investments in Unconso_7

Equity Investments in Unconsolidated Joint Ventures - Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations (Details) - Level 3 - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 10, 2019
Schedule of Equity Method Investments [Line Items]
Land	$ 43,305
Buildings and improvements	97,635
Lease origination costs	26,666
Below market leases	(6,442)
Net assets acquired	187,452
Equity Method Investments | R2G Venture LLC
Schedule of Equity Method Investments [Line Items]
Land		$ 31,578
Buildings and improvements		123,384
Above market leases		6,135
Lease origination costs		18,965
Below market leases		(5,010)
Net assets acquired		$ 175,052
Equity Method Investments | RGMZ Venture REIT LLC
Schedule of Equity Method Investments [Line Items]
Land	62,606
Buildings and improvements	23,120
Above market leases	27,170
Lease origination costs	7,207
Below market leases	(296)
Net assets acquired	$ 119,807

Equity Investments in Unconso_8

Equity Investments in Unconsolidated Joint Ventures - Information of Fees Earned (Details) - Unconsolidated Joint Ventures - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Equity Method Investment, Nonconsolidated Investee or Group of Investees , R2G
Schedule of Equity Method Investments [Line Items]
Total revenue	$ 368	$ 338	$ 1,173	$ 913
Equity Method Investment, Nonconsolidated Investee or Group of Investees RGMZ
Schedule of Equity Method Investments [Line Items]
Total revenue	58		99
Equity Method Investment, Nonconsolidated Investee, Other
Schedule of Equity Method Investments [Line Items]
Total revenue		0		4
Equity Method Investment, Nonconsolidated Investee, Total
Schedule of Equity Method Investments [Line Items]
Total revenue	426	338	1,272	917
Management fees | Equity Method Investment, Nonconsolidated Investee or Group of Investees , R2G
Schedule of Equity Method Investments [Line Items]
Total revenue	348	213	822	648
Management fees | Equity Method Investment, Nonconsolidated Investee or Group of Investees RGMZ
Schedule of Equity Method Investments [Line Items]
Total revenue	58		99
Management fees | Equity Method Investment, Nonconsolidated Investee, Other
Schedule of Equity Method Investments [Line Items]
Total revenue		0		4
Management fees | Equity Method Investment, Nonconsolidated Investee, Total
Schedule of Equity Method Investments [Line Items]
Total revenue	406	213	921	652
Leasing fees | Equity Method Investment, Nonconsolidated Investee or Group of Investees , R2G
Schedule of Equity Method Investments [Line Items]
Total revenue	15	125	346	265
Leasing fees | Equity Method Investment, Nonconsolidated Investee or Group of Investees RGMZ
Schedule of Equity Method Investments [Line Items]
Total revenue	0		0
Leasing fees | Equity Method Investment, Nonconsolidated Investee, Other
Schedule of Equity Method Investments [Line Items]
Total revenue		0		0
Leasing fees | Equity Method Investment, Nonconsolidated Investee, Total
Schedule of Equity Method Investments [Line Items]
Total revenue	15	125	346	265
Management and other fee income | Equity Method Investment, Nonconsolidated Investee or Group of Investees , R2G
Schedule of Equity Method Investments [Line Items]
Total revenue	5	0	5	0
Management and other fee income | Equity Method Investment, Nonconsolidated Investee or Group of Investees RGMZ
Schedule of Equity Method Investments [Line Items]
Total revenue	0		0
Management and other fee income | Equity Method Investment, Nonconsolidated Investee, Other
Schedule of Equity Method Investments [Line Items]
Total revenue		0		0
Management and other fee income | Equity Method Investment, Nonconsolidated Investee, Total
Schedule of Equity Method Investments [Line Items]
Total revenue	$ 5	$ 0	$ 5	$ 0

Debt - Summary of Mortgages, No

Debt - Summary of Mortgages, Notes Payable and Capital Lease Obligation (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Senior unsecured notes	$ 498,000	$ 535,000
Unsecured term loan facilities	310,000	310,000
Fixed rate mortgages	83,388	85,254
Unsecured revolving credit facility	55,000	100,000
Subtotal debt	946,388	1,030,254
Unamortized premium	475	1,103
Unamortized deferred financing costs	(3,035)	(3,606)
Total notes payable, net	943,828	1,027,751
Finance lease obligation	$ 875	$ 875

Debt - Senior Unsecured Notes (

Debt - Senior Unsecured Notes (Details) - USD ($) $ in Thousands	Jun. 28, 2021	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Principal Balance		$ 946,388	$ 1,030,254
Total notes payable, net		943,828	1,027,751
Senior Notes
Debt Instrument [Line Items]
Principal Balance		$ 498,000	$ 535,000
Weighted average interest rate		4.24%	4.20%
Unamortized deferred financing costs		$ (1,459)	$ (1,715)
Total notes payable, net		496,541	533,285
Senior Notes | Senior Unsecured Notes 3.75% Due 2021
Debt Instrument [Line Items]
Repayment of senior unsecured debt	$ 37,000
Principal Balance		$ 0	$ 37,000
Interest Rate		0.00%	3.75%
Senior Notes | Senior Unsecured Notes 4.12% Due 2023
Debt Instrument [Line Items]
Principal Balance		$ 41,500	$ 41,500
Interest Rate		4.12%	4.12%
Senior Notes | Senior Unsecured Notes 4.65% Due 2024
Debt Instrument [Line Items]
Principal Balance		$ 50,000	$ 50,000
Interest Rate		4.65%	4.65%
Senior Notes | Senior Unsecured Notes 4.05% Due 2024
Debt Instrument [Line Items]
Principal Balance		$ 25,000	$ 25,000
Interest Rate		4.05%	4.05%
Senior Notes | Senior Unsecured Notes 4.27% Due 2025
Debt Instrument [Line Items]
Principal Balance		$ 31,500	$ 31,500
Interest Rate		4.27%	4.27%
Senior Notes | Senior Unsecured Notes 4.20% Due 2025
Debt Instrument [Line Items]
Principal Balance		$ 50,000	$ 50,000
Interest Rate		4.20%	4.20%
Senior Notes | Senior Unsecured Notes 4.09% Due 2025
Debt Instrument [Line Items]
Principal Balance		$ 50,000	$ 50,000
Interest Rate		4.09%	4.09%
Senior Notes | Senior Unsecured Notes 4.74% Due 2026
Debt Instrument [Line Items]
Principal Balance		$ 50,000	$ 50,000
Interest Rate		4.74%	4.74%
Senior Notes | Senior Unsecured Notes 4.28% Due 2026
Debt Instrument [Line Items]
Principal Balance		$ 25,000	$ 25,000
Interest Rate		4.28%	4.28%
Senior Notes | Senior Unsecured Notes 4.57% Due 2027
Debt Instrument [Line Items]
Principal Balance		$ 30,000	$ 30,000
Interest Rate		4.57%	4.57%
Senior Notes | Senior Unsecured Notes 3.64% Due 2028
Debt Instrument [Line Items]
Principal Balance		$ 75,000	$ 75,000
Interest Rate		3.64%	3.64%
Senior Notes | Senior Unsecured Notes 4.72% Due 2029
Debt Instrument [Line Items]
Principal Balance		$ 20,000	$ 20,000
Interest Rate		4.72%	4.72%
Senior Notes | Senior Unsecured Notes 4.15% Due 2019
Debt Instrument [Line Items]
Principal Balance		$ 50,000	$ 50,000
Interest Rate		4.15%	4.15%

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Principal Balance	$ 946,388	$ 1,030,254
Total notes payable, net	943,828	1,027,751
Unsecured revolving credit facility	55,000	100,000
Revolving Credit Facility | Unsecured Debt
Debt Instrument [Line Items]
Principal Balance	$ 310,000	$ 310,000
Weighted average interest rate	2.86%	2.89%
Unamortized deferred financing costs	$ (1,576)	$ (1,891)
Total notes payable, net	308,424	308,109
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 55,000	$ 100,000
Interest rate at period end	1.23%	1.30%
Revolving Credit Facility | Unsecured Term Loan Due 2023 | Unsecured Debt
Debt Instrument [Line Items]
Principal Balance	$ 60,000	$ 60,000
Interest Rate	3.02%	3.02%
Weighted average fixed interest rate	1.77%
Basis spread on variable rate	1.25%
Revolving Credit Facility | Unsecured Term Loan Due 2024 | Unsecured Debt
Debt Instrument [Line Items]
Principal Balance	$ 50,000	$ 50,000
Interest Rate	2.51%	2.51%
Weighted average fixed interest rate	1.26%
Basis spread on variable rate	1.25%
Revolving Credit Facility | Unsecured Term Loan Due 2025 | Unsecured Debt
Debt Instrument [Line Items]
Principal Balance	$ 50,000	$ 50,000
Interest Rate	2.57%	2.57%
Weighted average fixed interest rate	1.32%
Basis spread on variable rate	1.25%
Revolving Credit Facility | Unsecured Term Loan Due 2026 | Unsecured Debt
Debt Instrument [Line Items]
Principal Balance	$ 50,000	$ 50,000
Interest Rate	2.95%	2.95%
Weighted average fixed interest rate	1.30%
Basis spread on variable rate	1.65%
Revolving Credit Facility | Unsecured Term Loan Due 2027 | Unsecured Debt
Debt Instrument [Line Items]
Principal Balance	$ 100,000	$ 100,000
Interest Rate	3.04%	3.12%
Weighted average fixed interest rate	1.39%
Basis spread on variable rate	1.65%

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Sep. 30, 2021
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 100,000,000	$ 55,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, remaining borrowing capacity		295,000,000
Line of credit facility, maximum borrowing capacity		350,000,000
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Unsecured revolving credit facility	100,000,000	$ 55,000,000
Secured credit facility	$ (45,000,000)
Interest rate at period end	1.30%	1.23%
Fixed Rate Mortgage Debt
Debt Instrument [Line Items]
Net book value		$ 143,700,000

Debt - Mortgages (Details)

Debt - Mortgages (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Principal Balance	$ 946,388	$ 1,030,254
Unamortized premium	475	1,103
Total notes payable, net	943,828	1,027,751
Mortgages
Debt Instrument [Line Items]
Principal Balance	$ 83,388	$ 85,254
Weighted average interest rate	5.06%	5.06%
Unamortized premium	$ 475	$ 1,103
Total notes payable, net	83,863	86,357
Mortgages | Bridgewater Falls Shopping Center
Debt Instrument [Line Items]
Principal Balance	$ 51,365	$ 52,274
Interest Rate	5.70%	5.70%
Mortgages | The Shops on Lane Avenue
Debt Instrument [Line Items]
Principal Balance	$ 27,762	$ 28,169
Interest Rate	3.76%	3.76%
Mortgages | Nagawaukee II
Debt Instrument [Line Items]
Principal Balance	$ 4,261	$ 4,811
Interest Rate	5.80%	5.80%

Debt - Scheduled Principal Paym

Debt - Scheduled Principal Payments on Mortgages and Notes Payable (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)option	Dec. 31, 2020USD ($)
Debt Disclosure [Abstract]
2021 (remaining)	$ 642
2022	52,397
2023	184,388
2024	125,879
2025	182,431
Thereafter	400,651
Subtotal debt	946,388	$ 1,030,254
Unamortized premium	475	1,103
Unamortized deferred financing costs	(3,035)	(3,606)
Total notes payable, net	943,828	1,027,751
Debt Instrument [Line Items]
Unsecured revolving credit facility	55,000	100,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 55,000	$ 100,000
Number of extension options | option	2
Extension option, period	6 months

Fair Value - Recorded Amount of

Fair Value - Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Other assets
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Derivative assets - interest rate swaps	$ 0	$ 0
Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Derivative liabilities - interest rate swaps	(6,563)	(14,468)
Level 2 | Other assets
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Derivative assets - interest rate swaps	0	0
Level 2 | Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]
Derivative liabilities - interest rate swaps	$ (6,563)	$ (14,468)

Fair Value - Additional Informa

Fair Value - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term debt, carrying amount	$ 943,828	$ 1,027,751
Fixed Rate Mortgages
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term debt, carrying amount	891,400	930,300
Long term debt, fair value	916,300	927,500
Floating Rate Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long term debt, carrying amount	$ 55,000
Long term debt, fair value		$ 100,000

Fair Value - Recorded Amount _2

Fair Value - Recorded Amount of Real Estate Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring $ in Thousands	Sep. 30, 2021USD ($)
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Total Fair Value	$ 1,543
Total Impairment	(5)
Level 1
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Total Impairment	0
Level 2
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Total Impairment	0
Level 3
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Total Impairment	1,543
Income producing properties
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Total Fair Value	1,543
Total Impairment	(5)
Income producing properties | Level 1
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Total Impairment	0
Income producing properties | Level 2
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Total Impairment	0
Income producing properties | Level 3
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Total Impairment	$ 1,543

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - Interest Rate Contract	Sep. 30, 2021USD ($)instrument
Derivative [Line Items]
Number of interest rate swap agreements | instrument	10
Derivative, notional amount | $	$ 310,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Summary of Notional Values and Fair Values of Derivative Financial Instruments (Details) - Cash Flow Hedging - Designated as Hedging Instrument - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Unsecured term loan facility with: 1.498% Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative liability, notional amount		$ 20,000,000
Fixed rate (as a percent)		1.498%
Derivative liabilities - interest rate swaps		$ (112,000)
Unsecured term loan facility with: 1.490% Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative liability, notional amount		$ 15,000,000
Fixed rate (as a percent)		1.49%
Derivative liabilities - interest rate swaps		$ (83,000)
Unsecured term loan facility with: 1.480% Swap Rate, Expiration Date 05/2021
Derivative [Line Items]
Derivative liability, notional amount		$ 40,000,000
Fixed rate (as a percent)		1.48%
Derivative liabilities - interest rate swaps		$ (220,000)
Unsecured term loan facility with: 1.770% Swap Rate, Expiration Date 03/2023
Derivative [Line Items]
Derivative liability, notional amount	$ 60,000,000	$ 60,000,000
Fixed rate (as a percent)	1.77%	1.77%
Derivative liabilities - interest rate swaps	$ (1,355,000)	$ (2,128,000)
Unsecured term loan facility with: 1.260% Swap Rate, Expiration Date 11/2024
Derivative [Line Items]
Derivative liability, notional amount	$ 30,000,000	$ 30,000,000
Fixed rate (as a percent)	1.26%	1.26%
Derivative liabilities - interest rate swaps	$ (631,000)	$ (1,193,000)
Unsecured term loan facility with: 1.259% Swap Rate, Expiration Date 11/2024
Derivative [Line Items]
Derivative liability, notional amount	$ 10,000,000	$ 10,000,000
Fixed rate (as a percent)	1.259%	1.259%
Derivative liabilities - interest rate swaps	$ (210,000)	$ (397,000)
Unsecured term loan facility with: 1.269% Swap Rate, Expiration Date 11/2024
Derivative [Line Items]
Derivative liability, notional amount	$ 10,000,000	$ 10,000,000
Fixed rate (as a percent)	1.269%	1.269%
Derivative liabilities - interest rate swaps	$ (213,000)	$ (401,000)
Unsecured term loan facility with: 1.310% Swap Rate, Expiration Date 01/2025
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000	$ 25,000,000
Fixed rate (as a percent)	1.31%	1.31%
Derivative liabilities - interest rate swaps	$ (564,000)	$ (1,071,000)
Unsecured term loan facility with: 1.324% Swap Rate, Expiration Date 01/2025
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000	$ 25,000,000
Fixed rate (as a percent)	1.324%	1.324%
Derivative liabilities - interest rate swaps	$ (576,000)	$ (1,085,000)
Unsecured term loan facility with: 1.297% Swap Rate, Expiration Date 11/2026
Derivative [Line Items]
Derivative liability, notional amount	$ 50,000,000	$ 50,000,000
Fixed rate (as a percent)	1.297%	1.297%
Derivative liabilities - interest rate swaps	$ (863,000)	$ (2,522,000)
Unsecured term loan facility with: 1.402% Swap Rate, Expiration Date 01/2027
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000	$ 25,000,000
Fixed rate (as a percent)	1.402%	1.402%
Derivative liabilities - interest rate swaps	$ (551,000)	$ (1,425,000)
Interest rate swap
Derivative [Line Items]
Derivative liability, notional amount	310,000,000	310,000,000
Derivative liabilities - interest rate swaps	(6,563,000)	(10,637,000)
Unsecured term loan facility with: 1.382% Swap Rate, Expiration Date 01/2027
Derivative [Line Items]
Derivative liability, notional amount	$ 50,000,000	$ 50,000,000
Fixed rate (as a percent)	1.382%	1.382%
Derivative liabilities - interest rate swaps	$ (1,053,000)	$ (2,541,000)
Unsecured term loan facility with: 1.398% Swap Rate, Expiration Date 01/2027
Derivative [Line Items]
Derivative liability, notional amount	$ 25,000,000	$ 25,000,000
Fixed rate (as a percent)	1.398%	1.398%
Derivative liabilities - interest rate swaps	$ (547,000)	$ (1,290,000)
Interest Rate Swap
Derivative [Line Items]
Derivative liability, notional amount		385,000,000
Derivative liabilities - interest rate swaps		$ (14,468,000)

Derivative Financial Instrume_5

Derivative Financial Instruments - Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 2,248	$ 1,949	$ 10,976	$ (16,803)
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 Gain (Loss) Reclassified from Accumulated OCI into Income	(1,047)	(1,013)	(3,070)	(1,697)
Derivative Assets
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	0	0	0	(2,345)
Derivative Liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	2,248	1,949	10,976	(14,458)
Interest Expense | Derivative Assets | 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 Gain (Loss) Reclassified from Accumulated OCI into Income	0	0	0	14
Interest Expense | Derivative Liabilities | 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 Gain (Loss) Reclassified from Accumulated OCI into Income	$ (1,047)	$ (1,013)	$ (3,070)	$ (1,711)

Leases - Future Minimum Revenue

Leases - Future Minimum Revenue From Rentals Under Non-cancelable Operating Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Leases [Abstract]
2021 (remaining)	$ 40,983
2022	154,943
2023	136,783
2024	118,107
2025	97,861
Thereafter	288,139
Total	836,816
Variable lease, income	$ 35,500	$ 33,100
Aggregate portfolio, percent leased	92.60%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)officeoption	Sep. 30, 2020USD ($)
Lessee, Lease, Description [Line Items]
Number of leased corporate offices | office			2
Finance lease cost	$ 11	$ 12	$ 34	$ 36
New York
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	5 years		5 years
Michigan
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	5 years		5 years
Lessee, operating lease, number of options | option			2
Non-recoverable operating expense
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 291	291	$ 872	872
General and administrative expense
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 157	$ 144	$ 446	$ 435

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Operating lease assets	$ 18,098	$ 18,585
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Land	Land
Finance lease asset	$ 10,095	$ 13,249
Total leased assets	28,193	31,834
LIABILITIES
Operating lease liabilities	17,530	17,819
Finance lease liability	875	875
Total lease liabilities	$ 18,405	$ 18,694
Weighted Average Remaining Lease Terms
Operating leases	71 years	71 years
Finance lease	11 years	12 years
Weighted Average Incremental Borrowing Rate
Operating leases	6.14%	6.10%
Finance lease	5.23%	5.23%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,121	$ 1,100
Operating cash flows from finance lease	0	0
Financing cash flows from finance lease	$ 0	$ 0

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Operating Leases
2021 (remaining)	$ 367
2022	1,482
2023	1,495
2024	1,118
2025	1,048
Thereafter	94,430
Total lease payments	99,940
Less imputed interest	(82,410)
Operating lease liabilities	17,530	$ 17,819
Finance Lease
2021 (remaining)	100
2022	100
2023	100
2024	100
2025	100
Thereafter	700
Total lease payments	1,200
Less imputed interest	(325)
Finance lease liability	$ 875	$ 875

Earnings Per Common Share - Com

Earnings Per Common Share - Computation of Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ 26,297	$ (1,993)	$ 80,836	$ (4,607)
Net (income) loss attributable to noncontrolling interest	(595)	46	(1,843)	106
Allocation of (income) loss to restricted share awards	(171)	0	(465)	(136)
Income (loss) attributable to RPT	25,531	(1,947)	78,528	(4,637)
Preferred share dividends	(1,676)	(1,676)	(5,026)	(5,026)
Net income available to common shareholders - Basic	23,855	(3,623)	73,502	(9,663)
Add back preferred shares for dilution	1,676	0	5,026	0
Net income (loss) available to common shareholders - Diluted	$ 25,531	$ (3,623)	$ 78,528	$ (9,663)
Weighted average shares outstanding, Basic (in shares)	80,418	80,051	80,228	79,978
Restricted stock awards using the treasury method (in shares)	1,416	0	1,299	0
Dilutive effect of preferred shares (in shares)	7,017	0	7,017	0
Weighted average shares outstanding, Diluted (in shares)	88,851	80,051	88,544	79,978
Income (loss) per common share, Basic (in usd per share)	$ 0.30	$ (0.05)	$ 0.92	$ (0.12)
Income (loss) per common share, Diluted (in usd per share)	$ 0.29	$ (0.05)	$ 0.89	$ (0.12)

Earnings Per Common Share - Ant

Earnings Per Common Share - Antidilutive (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding (in shares)	1,827	4,831	1,827	4,831
Convertible (in shares)	1,827	9,023	1,827	9,222
Operating Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding (in shares)	1,827	1,909	1,827	1,909
Convertible (in shares)	1,827	1,909	1,827	1,909
Series D Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding (in shares)	0	1,849	0	1,849
Convertible (in shares)	0	7,014	0	7,014
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding (in shares)	0	1,073	0	1,073
Convertible (in shares)	0	100	0	299

Share-based Compensation Plan_2

Share-based Compensation Plans - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)shares	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)planshares	Sep. 30, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans in effect | plan			2
Share-based compensation expenses | $	$ 1.9	$ 1.7	$ 6.5	$ 4.5
Performance-based liability awards, measurement period (in years)			3 years
Compensation expense (benefit) related to cash awards | $	(0.2)	(0.1)	$ 0.9	(0.3)
Total unrecognized compensation expense | $	$ 16.5		$ 16.5
Total unrecognized compensation expense, weighted average period of recognition			2 years 8 months 12 days
2012 Omnibus Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant (in shares)	5,100,000		5,100,000
Number of shares terminated (in shares)			70,947
2019 Omnibus Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuance (in shares)	2,400,000		2,400,000
Number of shares terminated (in shares)			779,804
Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant (in shares)	6,000,000		6,000,000
Number of shares available for issuance (in shares)	5,000,000		5,000,000
Number of shares terminated (in shares)			0
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, shares granted (in shares)			348,667
Share-based compensation expenses | $	$ 1	1.1	$ 3.1	2.9
Restricted stock | Trustee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)			1 year
Restricted stock | Minimum | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)			3 years
Equity Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expenses | $	$ 1.1	$ 0.7	$ 2.5	$ 1.9

Share-based Compensation Plan_3

Share-based Compensation Plans - Weighted Average Assumptions (Details) - $ / shares	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price (in usd per share)	$ 12.76		$ 8.65
Expected dividend rate	3.80%		0.00%
Expected stock price volatility	31.90%
Risk-free interest rate	0.00%
Expected life (years)	3 months
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected stock price volatility			49.80%
Risk-free interest rate			0.10%
Expected life (years)			1 year
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected stock price volatility			91.50%
Risk-free interest rate			0.30%
Expected life (years)			4 years
Equity Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price (in usd per share)	$ 10.45	$ 13.09
Expected dividend rate	0.00%	6.70%
Expected stock price volatility	57.10%	23.30%
Risk-free interest rate	0.20%	0.90%
Expected life (years)	2 years 10 months 17 days	2 years 10 months 6 days

Taxes - Additional Information

Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Annual distribution of REIT taxable income (as a percent)	90.00%		90.00%
Federal and state deferred tax asset	$ 8,400		$ 8,400
Federal and state deferred tax asset, valuation allowance	8,400		8,400
Income tax benefit	$ 157	$ 87	$ 47	$ 37

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Construction costs related to development and expansion	$ 5.9
Contractual obligation	1.9
Bond finance agreement	$ 12.2
Bond financing agreement, amortization period	20 years
Debt service payments	$ 7.8

Subsequent Events (Details)

Subsequent Events (Details) ft² in Thousands, a in Thousands	Nov. 02, 2021USD ($)	Oct. 07, 2021USD ($)ft²	Oct. 01, 2021USD ($)	Sep. 30, 2021USD ($)a	Sep. 30, 2020USD ($)	Oct. 08, 2021USD ($)	Dec. 31, 2020
Subsequent Event [Line Items]
Proceeds on revolving credit facility				$ 135,000,000	$ 225,000,000
GLA | a				1,409
Contract Price				$ 193,650,000
Net proceeds from sales of real estate				$ 97,334,000	$ 0
Senior Notes
Subsequent Event [Line Items]
Weighted average interest rate				4.24%			4.20%
Revolving Credit Facility | Unsecured Debt
Subsequent Event [Line Items]
Weighted average interest rate				2.86%			2.89%
Subsequent Event | Market Plaza
Subsequent Event [Line Items]
Net proceeds from sales of real estate	$ 30,200,000
Subsequent Event | Senior Notes | 3.70% Senior Guaranteed Notes, Series A
Subsequent Event [Line Items]
Aggregate principal amount						$ 75,000,000
Interest Rate						3.70%
Subsequent Event | Senior Notes | 3.82% Senior Guaranteed Notes, Series B
Subsequent Event [Line Items]
Aggregate principal amount						$ 55,000,000
Interest Rate						3.82%
Subsequent Event | Unsecured Debt | Senior Unsecured Notes due 2023 and 2024
Subsequent Event [Line Items]
Aggregate principal amount						$ 116,500,000
Weighted average interest rate						4.33%
Subsequent Event | Revolving Credit Facility | Line of Credit
Subsequent Event [Line Items]
Proceeds on revolving credit facility			$ 75,000,000
Subsequent Event | Dedham Mall
Subsequent Event [Line Items]
GLA | ft²		510
Contract Price		$ 131,500,000