Retail Opportunity Invts Corp - ROIC STOCK NEWS

Retail Opportunity Investments Corp. (ROIC) will release its financial results for Q2 2021 after the market closes on July 28, 2021. A conference call is scheduled for July 29, 2021, at 12:00 p.m. ET, accessible via phone or webcast. ROIC focuses on acquiring and managing grocery-anchored shopping centers, owning 88 centers totaling about 10.1 million square feet as of March 31, 2021. ROIC is the largest grocery-anchored shopping center REIT on the West Coast and holds investment-grade debt ratings from major agencies.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) is set to announce its second-quarter financial results for the period ending June 30, 2021, on July 28, 2021. A conference call to discuss these results will occur on July 29, 2021, at 6:30 a.m. PT. ROIC, specializing in grocery-anchored shopping centers on the West Coast, owns 88 centers totaling approximately 10.1 million square feet as of March 31, 2021. The company is part of the S&P SmallCap 600 Index and maintains investment-grade ratings from major credit agencies.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) has been honored as a 2021 Green Lease Leader by the U.S. Department of Energy’s Better Buildings Alliance, achieving the highest 'Gold' designation. This recognition highlights ROIC's commitment to enhancing energy efficiency, cost savings, air quality, and sustainability in its leasing practices. CEO Stuart A. Tanz emphasized the company’s proactive engagement with tenants to integrate environmental sustainability into its operations. ROIC owns 88 grocery-anchored shopping centers, totaling approximately 10.1 million square feet, primarily on the West Coast.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported its financial results for Q1 2021, with $7.4 million net income and $31.0 million in Funds From Operations (FFO). The company achieved a 96.9% lease rate and 99.2% of tenants open amidst recovering economic conditions. However, same-center cash net operating income declined by 5.6% year-over-year. ROIC executed 107 leases totaling 293,441 square feet, reflecting a 4.9% increase in rental rates. A $25.8 million property sale in April helped reduce debt, with a $0.11 cash dividend declared.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) will release its Q1 2021 financial results on April 27, 2021, after market close. The company will discuss these results during a conference call on April 28, 2021, at 12:00 p.m. ET. ROIC specializes in acquiring and managing grocery-anchored shopping centers on the West Coast, owning 88 centers covering 10.1 million square feet as of December 31, 2020. Investors are encouraged to listen to the call or access the web broadcast for updates on company performance and future outlook.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced that Edward H. Meyer will not stand for re-election as an independent director but will continue as director emeritus. Angela K. Ho, Senior VP and Chief Accounting Officer of OceanFirst Bank, has been elected as an independent director, effective March 1, 2021. The company emphasizes the significant contributions of Meyer since its inception, while expressing enthusiasm for Ho's appointment, highlighting her extensive experience in banking and accounting.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported its financial results for the year ending December 31, 2020, revealing a net income of $32.0 million ($0.27 per diluted share), down from $48.8 million in 2019. Funds From Operations (FFO) for 2020 reached $132.5 million, a decline from $138.1 million the previous year. The portfolio lease rate was 96.8%, marking the eighth consecutive year above 96%. Despite pandemic challenges, ROIC executed 1.2 million sq. ft. of leases. A cash dividend of $0.11 per share was declared for April 2021. 2021 FFO guidance is projected between $0.95 and $1.02 per diluted share.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced the federal tax treatment of its 2020 distributions on common stock. The total distribution per share is reported as $0.2000, qualifying as ordinary income, with none classified as capital gains or return of capital. Stockholders are advised to consult their tax advisors for specific tax treatment. ROIC is a leading REIT focused on grocery-anchored shopping centers on the West Coast, owning 88 centers covering approximately 10.1 million square feet.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) released its inaugural Environmental, Social and Governance (ESG) Report, detailing its commitment to ethical and sustainable business practices. CEO Stuart A. Tanz emphasized the importance of transparent ESG advancements. The report serves as a foundation for ongoing sustainability efforts and future annual reports. ROIC, a major player in grocery-anchored shopping centers on the West Coast, owned 88 centers totaling approximately 10.1 million square feet as of September 30, 2020.