RPT Realty (NYSE:RPT) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET
Company Participants
Craig Benigno – Investor Relations
Brian Harper – President and Chief Executive Officer
Mike Fitzmaurice – Chief Financial Officer
Conference Call Participants
Derek Johnston – Deutsche Bank
Todd Thomas – KeyBanc Capital Markets
Wes Golladay – Baird
Linda Tsai – Jefferies
Haendel St. Juste – Mizuho Securities
Mike Mueller – JPMorgan
Craig Schmidt – Bank of America
Operator
Greetings and welcome to RPT Realty Third Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the conference over to your host, Craig Benigno, Senior Analyst, Investor Relations. Please go ahead, sir.
Craig Benigno
Good morning and thank you for joining us for RPT's Third Quarter 2022 Earnings Conference Call.
At this time, management would like me to inform you that certain statements made during this conference call which are not historical may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Additionally, statements made during the call are made as of the date of this call. Listeners to any replay should understand the passage of time by itself will diminish the quality of the statements made. Although we believe that the expectations reflected in any forward-looking statements are based on reasonable assumptions, factors and risks that could cause actual results to differ from expectations.
Certain of these factors are described as risk factors in our annual report on Form 10-K for the fiscal year ended December 31, 2021, and in our earnings release for the third quarter 2022. Certain of these statements made on today's call also involve non-GAAP financial measures. Listeners are directed to our third quarter 2022 press releases, which include definitions of those non-GAAP measures and reconciliations to the nearest GAAP measures and which are available on our website in the Investors section.
I would now like to turn the call over to President and CEO, Brian Harper; and CFO, Mike Fitzmaurice for their opening remarks, after which we will open the call for questions.
Brian Harper
Thanks, Craig. Good morning and thank you for joining our call today.
We are happy to report another solid quarter across all elements of our business. Overall, we are operating from a position of strength. Our capital recycling efforts for the year are now complete. We have closed on about $225 million of acquisitions located primarily in Boston and Miami that were funded on a largely leverage and earnings neutral basis with asset sales in Chicago, Detroit and Columbus.