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Retail Properties Of America Inc

Retail Properties of America, Inc. (RPAI) is a public REIT (Real Estate Investment Trust) that is listed on the New York Stock Exchange (NYSE). RPAI primarily focuses on the acquisition, development, and management of retail properties, including shopping centers and community shopping centers, located throughout the United States.

As of December 31, 2021, RPAI's portfolio consisted of 98 properties, with a total of approximately 12.1 million square feet of gross leasable area (GLA). The company's portfolio is well-diversified across various retail property types, including grocery-anchored shopping centers, power centers, and community shopping centers.

RPAI's top tenants include major retailers such as Kroger, Walgreens, Hobby Lobby, and HomeGoods, among others. The company's focus on necessity-based retailers and grocery anchors has helped it to perform relatively well during the COVID-19 pandemic.

In terms of financial performance, RPAI generated total revenues of $320.4 million in 2021, up from $305.0 million in 2020. The company's net income for 2021 was $65.5 million, or $0.59 per diluted share, compared to a net loss of $128.2 million, or $1.25 per diluted share, in 2020. RPAI pays a regular quarterly dividend of $0.13 per share, which translates to an annual dividend yield of approximately 4.5%.

RPAI's stock price has fluctuated over the past year, reflecting the broader trends in the REIT sector. As of March 1, 2023, RPAI's stock price was around $13.50 per share, up from a low of $10.50 per share in March 2022.

Overall, RPAI is a well-established REIT with a diversified portfolio of retail properties and a focus on necessity-based retailers. The company's strong financial performance and regular dividend payments make it an attractive option for income-focused investors. However, as with any investment, it's important to carefully consider RPAI's financials, market position, and potential risks before making a decision.