RPT Realty.
RPT.US | Real estate activities with own or leased property
RPT Realty is a self-managed real estate investment trust (REIT) that primarily owns and operates a portfolio of open-air shopping destinations. These properties typically feature a mix of national and regional retailers, grocery stores, restaurants, and entertainment venues. RPT Realty focuses on a...Show More
Better Health for All
0
RPT Realty, as a real estate investment trust, does not directly engage in activities that significantly impact health outcomes, develop health products, or provide healthcare services. Its core business of owning and operating shopping centers, including grocery-anchored ones, is considered health-neutral. Therefore, most health-related KPIs are not applicable. While the company and its acquirer, Kimco, engage in environmental initiatives, these fall under 'Planet-Friendly Business' and are excluded from this assessment. Similarly, initiatives related to employee wellness, general diversity and inclusion, or a CEO's involvement with an autism advocacy group, while positive, do not directly align with the specific definitions or quantitative thresholds for health-related KPIs such as vulnerable reach, health equity programs, or healthcare workforce support. No specific, quantifiable data was provided for user safety records or global health crisis response actions to meet rubric thresholds.
Fair Money & Economic Opportunity
0
RPT Realty is a real estate investment trust (REIT) that owns and operates open-air shopping destinations. Its core business does not involve providing financial services to consumers. The company does not offer consumer credit products, manage customer financial data for portability, or operate financial service access points. There is no evidence of RPT Realty having a loan or insurance book, generating revenue from high-cost financial products, or being regulated as a lender. Therefore, all KPIs related to fair money and economic opportunity for financial services are not applicable to RPT Realty's business model.
Fair Pay & Worker Respect
40
RPT Realty's CEO to median employee pay ratio was 55:1 in 2022.
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An employee engagement survey reported that 99% of respondents cared about the company's success and 95% were proud of their work.
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The company's board received 50/50 Women on Board Gender Balanced Board Recognition.
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In 2022, 41% of new hires were racially diverse, increasing the racially diverse workforce to 24% of employees.
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Employees contributed 832 hours of volunteer time to 54 organizations in 2022.
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Glassdoor reviews for RPT Realty show an overall rating of 4.0 out of 5 stars, with 65% of employees recommending working there and Compensation and Benefits rated 4.1 out of 5.
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Indeed reviews show an overall rating of 3.3 out of 5 stars, with Pay and benefits rated 3.4 out of 5.
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The company was sold to Kimco Realty in January 2024, which led to layoffs.
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Fair Trade & Ethical Sourcing
0
No specific, concrete data points were found in the provided articles for RPT Realty regarding fair trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend.
1
Policy statements or indications of no available data are not considered scorable evidence.
Honest & Fair Business
-30
RPT.US, through its acquirer Kimco Realty, has 75% independent directors on its board.
1
The Audit, Executive Compensation, and Nominating and Corporate Governance Committees are entirely comprised of independent directors.
2
The company also maintains a whistleblower program and a whistleblower helpline, which are reviewed and monitored by the Audit Committee, but no evidence of independent investigation processes for reports was provided.
3
Kind to Animals
0
RPT Realty is a real estate investment trust (REIT) that owns and operates open-air shopping destinations.
1
Its core business model does not involve activities such as product manufacturing, animal testing, animal agriculture, or the sourcing of animal-derived ingredients. Therefore, the majority of the 'Kind to Animals' KPIs are not applicable to the company's operations. No specific, measurable data was provided regarding wildlife conservation initiatives or their impact, aligning with the N/A tier for a business model that does not directly impact wildlife habitats or conservation. Information regarding pet-inclusive housing policies for tenants is not relevant to the defined KPIs for this value.
No War, No Weapons
0
No information regarding RPT Realty's involvement in arms manufacturing, military contracts, conflict facilitation, or related peace initiatives was found in the provided articles. The articles primarily discuss the company's real estate portfolio
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, sustainability efforts
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, and a recent acquisition by Kimco Realty
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, without mentioning any of the KPIs relevant to the 'No War, No Weapons' value.
Planet-Friendly Business
-40
RPT Realty aims to achieve net zero Scope 1 and 2 greenhouse gas emissions by 2050.
1
The company reported a 22% waste diversion rate as of December 31, 2022.
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With an interim target to reduce these emissions by 30% from 2018 to 2030.
3
Respect for Cultures & Communities
0
The provided articles do not contain specific, quantifiable evidence for RPT Realty (RPT.US) regarding its respect for cultures and communities. Information available primarily pertains to the company's acquisition by Kimco Realty
1
, its property portfolio
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, financial performance
3
, or internal workplace culture
4
. While some articles mention general corporate responsibility initiatives or community engagement efforts
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, these are either attributed to Kimco Realty
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, are forward-looking statements
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, or lack the specific data points required by the rubric's KPIs for RPT.US.
Safe & Smart Tech
-10
On February 8, 2023, an unauthorized party gained access to confidential consumer data, including names, dates of birth, Social Security numbers, health insurance information, bank account information, and driver’s license numbers, from the Weingarten Realty Investors IT network.
1
Kimco Realty, which acquired Weingarten, filed a notice of this data breach with the Attorneys General of Texas and Montana on April 14, 2023.
2
All employees complete annual cybersecurity training.
3
The company conducts internal phishing exercises.
4
The company's cybersecurity risk management program leverages the National Institute of Standards and Technology (NIST) framework.
5
Kimco Realty also aligns its annual reporting with Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Task Force on Climate-related Financial Disclosures (TCFD) standards.
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, and has invested over $50 million in ADA compliance since 2013.
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Zero Waste & Sustainable Products
-40
RPT Realty reported a 24% waste diversion rate for landlord-controlled shopping center waste in 2022.
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The company has a target to achieve a 35% waste diversion rate by 2023.
2
It has implemented waste reduction initiatives, including an integrated national waste management program
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and extending recycling programs to more tenants.
4
The company's 2021
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and 2022
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corporate sustainability reports indicate no regulatory actions, violations, fines, or compliance issues related to waste disposal.
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