Retail Opportunity Invts Corp Stock Price, News & Analysis

Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported robust financial results for 2021, showcasing a net income of $53.5 million ($0.44 per diluted share) and $127.9 million in Funds From Operations (FFO) ($1.00 per diluted share). The company achieved a portfolio lease rate of 97.5% and a 3.0% increase in same-center cash net operating income year-over-year. Notable acquisitions included $122.4 million in grocery-anchored shopping centers, while reducing debt by $48.7 million. ROIC anticipates GAAP net income for 2022 to range from $0.22 to $0.29 per diluted share.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced the federal tax treatment of its 2021 distributions on common stock. The notable figures include a total distribution of $0.1100 per share and ordinary income of $0.09492 per share for several payment dates. The distributions are eligible for the 20% deduction under Section 199A. Stockholders are advised to consult tax advisors for personal tax implications. ROIC is a self-managed REIT focused on grocery-anchored shopping centers, owning 86 centers across 9.8 million square feet as of September 30, 2021.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) released its annual Environmental, Social, and Governance (ESG) report highlighting significant sustainability achievements. The report documented a 7% reduction in same-center greenhouse gas emissions and a 5% decline in energy consumption. ROIC received the 2021 Green Lease Leader Gold designation and initiated a comprehensive Environmental Management System. The company also reported 100% participation in diversity and inclusion training, added three diverse board members, and strengthened corporate governance to enhance stockholder rights.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) will release its fourth quarter and annual financial results on February 16, 2022, after market close. A conference call will be held on February 17, 2022, at 12:00 PM ET to discuss the results. The call can be accessed at (877) 312-8783 for domestic callers, or (408) 940-3874 for international participants. ROIC, a prominent grocery-anchored shopping center REIT on the West Coast, owned 86 shopping centers totaling approximately 9.8 million square feet as of September 30, 2021.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) has appointed Zabrina Jenkins and Adrienne Banks Pitts as independent directors, effective December 15, 2021. This follows a governance review initiated after the 2021 Annual Meeting, aiming to enhance board diversity and shareholder rights. Director Charles Persico will not seek re-election at the 2022 annual meeting, leaving the board with nine directors, seven of whom will be independent. The board also amended bylaws to enable stockholders to amend company bylaws, responding to stockholder feedback.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) declared a special cash dividend of $0.07 per share, payable on January 14, 2022, to stockholders of record on December 23, 2021. This decision stems from gains realized from the company's property disposition initiative in 2021. The Board of Directors confirmed that there are no changes to the policy regarding regular quarterly dividends. As of September 30, 2021, ROIC owned 86 shopping centers, totaling approximately 9.8 million square feet, focusing on grocery-anchored properties on the West Coast.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported a net income of $21.1 million ($0.17 per diluted share) for the three months ending September 30, 2021, up from $6.5 million the previous year. Funds From Operations (FFO) reached $32.6 million ($0.25 per diluted share). The company maintains a strong 97.4% lease rate, with a 4.0% increase in same-center cash net operating income year-over-year. ROIC has acquired $122.7 million in grocery-anchored shopping centers year-to-date, including two properties in California. A cash dividend of $0.11 per share was declared.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) will release its third-quarter financial results for the period ended September 30, 2021, after market close on October 26, 2021. A conference call will follow on October 27, 2021, at 9:00 AM PT. ROIC, a REIT focused on grocery-anchored shopping centers primarily on the West Coast, owns 87 centers totaling about 10 million square feet. As of June 30, 2021, it holds investment-grade debt ratings from leading agencies, emphasizing its strong market position and operational stability.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) reported strong financial results for the second quarter ended June 30, 2021, with net income of $16.5 million ($0.14 per diluted share), up from $4.6 million a year prior. Funds From Operations (FFO) increased to $31.7 million ($0.25 per diluted share). The company achieved a 9.6% rise in same-center cash net operating income and a portfolio lease rate of 96.9%. ROIC has $61 million in grocery-anchored acquisitions lined up and completed $25.8 million in property dispositions. A cash dividend of $0.11 per share was declared, and 2021 FFO guidance was updated to $0.98 to $1.02 per diluted share.