Profile: Retail Properties of America Inc (RPAI.N)

RPAI.N on New York Stock Exchange

14.17USD
1 Aug 2013
Price Change (% chg)

$0.08 (+0.57%)
Prev Close
$14.09
Open
$14.15
Day's High
$14.27
Day's Low
$14.04
Volume
129,885
Avg. Vol
280,782
52-wk High
$16.04
52-wk Low
$9.84

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Retail Properties of America, Inc., formerly Inland Western Retail Real Estate Trust, Inc., incorporated on March 5, 2003, is a fully integrated, self administered and self-managed real estate company that owns and operates shopping centers. The Company is an owner and operator of shopping centers in the United States. As of December 31, 2011, its retail operating portfolio consisted of 259 properties with approximately 3.6 million square feet of gross leasable area (GLA), was diversified across 35 states and includes power centers, community centers, neighborhood centers and lifestyle centers, as well as single-user retail properties. The Company’s retail properties are located in retail districts. In August 2012, the Company sold a 1.04-million-square-foot Cost Plus Distribution Center in Stockton. In September 2012, it disposed 13 former Mervyns locations. In October 2012, it sold 18 non-core and non-strategic assets.

The Company’s shopping centers are anchored or shadow anchored by a grocer, discount department store, wholesale club or retailer that sells basic household goods or clothing. national and regional grocers, discount retailers and other retailers that provide household goods or clothing, including Target, TJX Companies, PetSmart, Best Buy, Bed Bath and Beyond, Home Depot, Kohl’s, Wal-Mart, Publix and Lowe’s. As of December 31, 2011, over 90% of its shopping centers, based on GLA, were anchored or shadow anchored by a grocer, discount department store, wholesale club or retailers that sell basic household goods or clothing. As of December 31, 2011, it had a retail tenant base that includes approximately 1,500.

Company Address

Retail Properties of America Inc

Suite 200
2021 Spring Road
OAK BROOK   IL   60523
P: +1630.6344200

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