Is RPT Realty overvalued or undervalued?

As of 15 October 2023, RPT Realty has moved from a fair to an attractive rating. The company appears to be undervalued based on its current financial metrics. Key ratios include a price-to-earnings ratio of 12.5, a price-to-book ratio of 1.1, and a dividend yield of 5.2%.
In comparison to its peers, Simon Property Group has a price-to-earnings ratio of 14.8, while Regency Centers shows a price-to-book ratio of 1.3. This suggests that RPT Realty is trading at a discount relative to its peers, reinforcing the conclusion of undervaluation. Additionally, RPT Realty's stock has outperformed the Sensex recently, further supporting the positive valuation outlook.