Ramco-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.
News For RPT From The Last 14 Days
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On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Cedar Realty Trust (CDR) upgraded to Buy from Hold at KeyBanc... E.ON AG (EONGY) upgraded to Overweight from Neutral at JPMorgan... Genuine Parts (GPC) upgraded to Buy from Hold at BB&T... Inland Real Estate (IRC) upgraded at KeyBanc... Littelfuse (LFUS) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Equal Weight from Underweight at Barclays... Noranda Aluminum (NOR) upgraded to Buy from Neutral at Goldman... OCI Partners (OCIP) upgraded to Buy from Neutral at Citigroup... Ramco-Gershenson (RPT) upgraded at KeyBanc... Sprint (S) upgraded to Outperform from Market Perform at Cowen... T-Mobile (TMUS) upgraded to Buy from Hold at Argus... The Advisory Board (ABCO) upgraded to Outperform at Wells Fargo.