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In October 2021, Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of open-air, grocery-anchored shopping centers, and Retail Properties of America, Inc. (NYSE: RPAI), a first-class owner and operator of high-quality, open-air and mixed-use shopping centers, announced that KRG shareholders and RPAI stockholders approved all of the proposals necessary for the closing of the previously announced merger of RPAI into a subsidiary of KRG, with KRG continuing as the surviving public company.
In terms of compounded growth rate of annual dividends, RPAI's growth rate has been -0.17% over the past 5.5 years.
As for stocks whose price is uncorrelated with RPAI's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: REYN, PINC, NYC, GHG and FF.
