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Stock Market & Financial Investment News

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January 22, 2014
08:47 EDTRPTRamco-Gershenson provides Q4, year-end leasing activity
Ramco-Gershenson Properties Trust announced that during Q4 the company signed 61 leases totaling 347,157 square feet at an average base rent of $15.43 per square foot and a comparable average leasing spread of 7.6%. Included in this activity was the signing of two strategic anchor leases for properties undergoing retenanting and/or redevelopment. For the year, the company signed 338 leases totaling 1.69M square feet at an average base rent of $14.04 per square foot and a comparable average leasing spread of 8.2%. As a result of its leasing efforts in 2013, the company's core portfolio leased occupancy increased to 96% and its core portfolio average base rent grew to $12.35 per square foot, which compares favorably to a core portfolio leased occupancy of 94.6% and a core portfolio average base rent of $11.54 per square foot at the end of 2012.
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August 25, 2014
16:11 EDTRPTRamco-Gershenson acquires Buttermilk Towne Center for $42M
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