---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-000248"
form_type: "8-K"
ticker: null
cik: "0000842183"
company_name: "RPT Realty"
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:58:40.346103+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kimco Realty closes acquisition of RPT Realty; all-stock deal, $34M cost synergies

## Summary
- Merger closed Jan 2, 2024; RPT shareholders received 0.6049 Kimco shares per common share.
- Adds 56 open-air centers (43 wholly owned, 13.3M sq ft) to Kimco's 527-property portfolio.
- Expected annual cost synergies of ~$34M, ~85% realized in 2024; earnings accretive, leverage-neutral.
- RPT preferred shares exchanged for Kimco Class N preferred depositary shares; stub dividend $0.14097 per share.
- RPT common delisted from NYSE; approx $511.5M in senior notes to be prepaid Jan 12, 2024.

## SEC filing metadata
- accession: 0001140361-24-000248
- form_type: 8-K
- cik: 0000842183
- company_name: RPT Realty
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842183/000114036124000248/0001140361-24-000248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842183/000114036124000248/ny20017825x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-000248
- JSON: https://secwatch.observer/filing/0001140361-24-000248.json
- Plain text: https://secwatch.observer/filing/0001140361-24-000248.txt

## Key facts
- M&A Transactions
  RPT Realty underwent a change of control involving Kimco Realty Corporation for 0.6049 shares of Kimco common stock per RPT common share (closed 2024-01-02).
  - Action: change of control
  - Counterparty: Kimco Realty Corporation
  - Consideration: 0.6049 shares of Kimco common stock per RPT common share
  - Closing: 2024-01-02
  source text: forth in the Merger Agreement) issued and outstanding immediately prior to the Company Merger Effective Time was cancelled and automatically converted into the right to receive 0.6049 shares of common stock, par value $0.01 per share, of Kimco (“Kimco Common Stock”), without interest, together with cash in lieu of fractional shares of Kimco Common Stock and
  evidence_url: https://www.sec.gov/Archives/edgar/data/842183/000114036124000248/0001140361-24-000248-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.