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Retail Properties of America Inc (RPAI) Q4 2020 Earnings Call Transcript

Operator Greetings and welcome to the Retail Properties of America Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] It is my pleasure to introduce your host Mr. Mike Gaiden, Vice President of Investor Relations and Capital Markets. Thank you, sir. Please go ahead. Mike Gaiden Vice President, Capital Markets and Investor Relations Thank you, operator, and welcome to the Retail Properties of America fourth quarter 2020 earnings conference call. In addition to the press release distributed last evening, we have posted a quarterly supplemental information package with additional details on our results in the Invest section on our website at www.rpai.com.

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Retail Properties of America, Inc Reports Fourth Quarter and Full Year 2020 Results

(MENAFN - PR Newswire) OAK BROOK, Ill., Feb. 16, 2021 /PRNewswire/ Retail Properties of America, Inc. (NYSE: RPAI ) (the Company ) today reported financial and operating results for the quarter and year ended December 31, 2020. FINANCIAL RESULTS For the quarter ended December 31, 2020, the Company reported: Net income attributable to common shareholders of $1.8 million, or $0.01 per diluted share, compared to $16.2 million, or $0.08 per diluted share, for the same period in 2019; Funds from operations (FFO) attributable to common shareholders of $40.5 million, or $0.19 per diluted share, compared to $57.9 million, or $0.27 per diluted share, for the same period in 2019; Operating funds from operations (Operating FFO) attributable to common shareholders of $41.7 million, or $0.20 per diluted share, compared to $58.5 million, or $0.27 per diluted share, for the same period in 2019;

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