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Retail Opportunity Investments Corp. - ROIC STOCK NEWS

Welcome to our dedicated page for Retail Opportunity Investments news (Ticker: ROIC), a resource for investors and traders seeking the latest updates and insights on Retail Opportunity Investments stock.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) is a self-managed real estate investment trust (REIT) that focuses on the acquisition, ownership, and management of necessity-based community and neighborhood shopping centers on the West Coast of the United States. Anchored by supermarkets and drugstores, these properties serve as essential hubs for their respective communities, providing daily necessities and other services.

ROIC's core business involves not only the ownership and management of these retail centers but also their redevelopment to enhance value and improve functionality. The company's strategic approach ensures that their properties remain relevant and attractive to both tenants and customers.

As of the latest financial quarter ending June 30, 2023, ROIC reported strong financial and operational results, illustrating its robust business model and effective management. The company continues to focus on sustainable growth and has issued its fourth Environmental, Social, and Governance (ESG) annual report, detailing achievements for 2022 and outlining ongoing initiatives and goals. This report adheres to the standards set by the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), and the United Nations Sustainable Development Goals (SDG).

Recent updates include:

  • July 25, 2023: Financial and operating results for the three and six months ended June 30, 2023, were announced.
  • January 4, 2024: Upcoming financial and operational results for Q4 and the year ended December 31, 2023, to be issued on February 14, 2024.
  • April 23, 2024: Financial and operating results for the three months ended March 31, 2024, were announced.

ROIC continues to be a significant player in the retail real estate sector, focusing on high-quality properties and sustainable practices to drive long-term shareholder value.

Rhea-AI Summary

Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported its 2024 second quarter results, highlighting key financial and operational achievements. The company posted $7.4 million in net income ($0.06 per diluted share) and $34.1 million in Funds From Operations (FFO) ($0.25 per diluted share). ROIC updated its FFO guidance for 2024 to $1.04 - $1.07 per diluted share.

Operational highlights include a 97.0% portfolio lease rate, a 12.4% increase in same-space cash base rents on new leases, and a 1.7% increase in same-center cash net operating income. The company acquired a $70.1 million dual grocery-anchored shopping center and sold a property for $56.6 million. ROIC also retired a $26.0 million mortgage, leaving only one mortgage remaining.

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Retail Opportunity Investments Corp. (NASDAQ: ROIC) has released its annual Environmental, Social, and Governance (ESG) report for 2023, showcasing its achievements and ongoing initiatives. The report aligns with the standards set by the Sustainability Accounting Standards Board, the Task Force on Climate-related Financial Disclosures, and the United Nations Sustainable Development Goals. Since its inception 15 years ago, ROIC has grown from one shopping center to 94, driven by its commitment to sustainability and corporate responsibility. This year, the company made significant progress towards its 2025 goals and has set new five-year ESG objectives.

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Retail Opportunity Investments Corp. (NASDAQ: ROIC) has scheduled the release of its financial and operational results for Q2 2024 on July 23, 2024, after market close. The company will host a conference call and audio webcast the following day, July 24, at 9:00 a.m. Eastern Time. Investors can participate by registering through a provided link, which offers options for dialing in or receiving an automated call. A live webcast will be available in listen-only mode, with the conference call recording accessible for up to one year on ROIC's Investor Relations page.

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Retail Opportunity Investments Corp. (ROIC) reported solid financial and operating results for the first quarter of 2024, with $11.0 million net income attributable to common stockholders, $37.9 million in Funds From Operations (FFO), and a reaffirmed FFO per diluted share guidance for 2024. The company saw a 5.7% increase in same-center cash net operating income, executed 383,293 square feet of leases, and acquired a $70.1 million dual grocery-anchored shopping center. ROIC's portfolio lease rate stood at 96.4%, with 179,464 square feet of anchor space leasing lined up. The company's net principal debt-to-annualized EBITDA ratio improved to 6.4x, and it was awarded the 2024 Green Lease Leader by the U.S. Department of Energy. ROIC also declared a $0.15 per share cash dividend.
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Retail Opportunity Investments Corp. (ROIC) will release its financial and operational results for Q1 2024 on April 23, 2024. A conference call and webcast are scheduled for April 24, 2024. Participants can register via a provided link to join the call or opt for an automated call. The webcast will be available for replay for up to a year.
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Retail Opportunity Investments Corp. (ROIC) reported strong financial and operating results for the year and fourth quarter ended December 31, 2023. Highlights include $34.5 million net income, $140.9 million in Funds From Operations, 3.7% increase in same-center cash net operating income, and 97.7% portfolio lease rate. The company also retired $250.0 million in senior notes, repaid $100.0 million of floating-rate debt, and fixed $150.0 million of debt via interest rate swaps.
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Retail Opportunity Investments Corp. (ROIC) announced the federal tax treatment of the 2023 distributions on its common stock. The total distribution per share for each payable date was $0.1500, with the same amount reported as ordinary income per share and Section 199A dividends. Stockholders are advised to consult their tax advisors for specific tax treatment.
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Retail Opportunity Investments Corp. (ROIC) will release financial and operational results for Q4 and year ended December 31, 2023, on February 14, 2024. A conference call and webcast will take place on February 15, 2024, at 12:00 p.m. Eastern Time / 9:00 a.m. Pacific Time.
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Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported financial and operating results for Q3 2023. Highlights include $8.4 million net income, $36.0 million in Funds From Operations (FFO), 8.2% increase in same-center cash net operating income, and 98.2% portfolio lease rate. The company issued $350.0 million senior unsecured notes and declared a $0.15 per share cash dividend.
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Retail Opportunity Investments Corp. (ROIC) priced an offering of $350 million senior unsecured notes due 2028. The proceeds will be used for debt repayment and refinancing, as well as general corporate purposes.
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FAQ

What is Retail Opportunity Investments Corp. (ROIC)?

ROIC is a self-managed real estate investment trust specializing in the acquisition, ownership, and management of community and neighborhood shopping centers on the West Coast of the United States.

What type of properties does ROIC focus on?

ROIC focuses on necessity-based retail centers anchored by supermarkets and drugstores.

Where are ROIC's properties located?

ROIC's properties are primarily located on the West Coast of the United States.

What is the core business of ROIC?

ROIC's core business involves the ownership, management, and redevelopment of necessity-based community and neighborhood shopping centers.

What recent financial results has ROIC reported?

ROIC reported strong financial and operational results for the three and six months ended June 30, 2023, and plans to release results for Q4 and the year ended December 31, 2023, on February 14, 2024.

Does ROIC have an ESG report?

Yes, ROIC issued its fourth ESG annual report in June 2023, detailing its achievements for 2022 and ongoing initiatives.

What frameworks does ROIC's ESG report follow?

ROIC's ESG report follows the standards set by the Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), and the United Nations Sustainable Development Goals (SDG).

How can I access ROIC's ESG report?

The ESG report is available on ROIC's website at: https://www.roireit.net/esg.

What is ROIC's ticker symbol?

ROIC's ticker symbol on the NASDAQ stock exchange is ROIC.

Is there a way to replay ROIC's conference calls?

Yes, ROIC's conference calls are recorded and available for replay on the company's Investor Relations Events & Presentations page.

Retail Opportunity Investments Corp.

Nasdaq:ROIC

ROIC Rankings

ROIC Stock Data

1.65B
127.45M
3.26%
106.3%
1.9%
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