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.
(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;
Retail Properties of America, Inc Reports Fourth Quarter and Full Year 2020 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
How much are nontraded REITs really worth? Nontraded REITs
December 10, 2020 4 MINS
During the credit crisis of 2008, the bottom fell out of many nontraded real estate investment trusts, and financial advisers and customers learned that a REIT’s stated, estimated value, or what showed up on clients’ account statement, and the real value, what the REIT was worth on the street at that exact point in time, could be miles apart.
Nontraded REITs are illiquid securities, meaning that they are opaque and not priced daily by the market. Advisers sell them to investors looking for income and yield; in the past, nontraded REITs carried steep commissions, but the industry has moved away from that compensation model for the past few years.