Retail Opportunity Investments Corp. Announces Tax Reporting Information for 2024 Distributions

Rhea-AI Summary

Retail Opportunity Investments Corp. (NASDAQ: ROIC) has released its tax reporting information for 2024 distributions. The company paid four quarterly distributions of $0.15 per share, totaling $0.60 per share for the year. Each quarterly distribution consisted of $0.10140 in ordinary income (which qualifies as Section 199A dividends) and $0.04860 in capital gains, of which $0.01943 was Section 1250 Recapture. The distributions were paid on April 5, July 10, October 4, 2024, and January 10, 2025.

Positive

• Consistent quarterly dividend payments of $0.15 per share throughout 2024
• Distributions qualify for Section 199A 20% business income deduction

Negative

• None.

SAN DIEGO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC), announced today the federal tax treatment of the 2024 distributions on its shares of common stock. The federal tax treatment of the 2024 distributions as it is expected to be reported on Form 1099-DIV is as follows:

Record Date	Payable Date	Total Distribution per Share		Ordinary Income per Share		Section 199A Dividends1		Total Capital Gain per Share		Section 1250 Recapture per Share2
03/15/2024	04/05/2024	$0.1500		$0.10140		$0.10140		$0.04860		$0.01943
06/14/2024	07/10/2024	$0.1500		$0.10140		$0.10140		$0.04860		$0.01943
09/20/2024	10/04/2024	$0.1500		$0.10140		$0.10140		$0.04860		$0.01943
12/20/2024	01/10/2025	$0.1500		$0.10140		$0.10140		$0.04860		$0.01943

¹ Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in “Ordinary Income Per Share”
² Represents additional characterization of, and is included in, “Total Capital Gain per Share”

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of ROIC’s distributions.

ABOUT RETAIL OPPORTUNITY INVESTMENTS CORP.

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of September 30, 2024, ROIC owned 93 shopping centers encompassing approximately 10.5 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, S&P Global Ratings, and Fitch Ratings, Inc. Additional information is available at: www.roireit.net.

When used herein, the words "believes," "anticipates," "projects," "should," "estimates," "expects," “guidance” and similar expressions are intended to identify forward-looking statements with the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and in Section 21F of the Securities and Exchange Act of 1934, as amended. Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of ROIC to differ materially from future results expressed or implied by such forward-looking statements. Information regarding such risks and factors is described in ROIC's filings with the SEC, including its most recent Annual Report on Form 10-K, which is available at: www.roireit.net.

Contact:
Nicolette O’Leary, Investor Relations
858-677-0900
noleary@roireit.net

FAQ

What is the total dividend distribution per share for ROIC in 2024?

ROIC's total dividend distribution for 2024 was $0.60 per share, paid in four quarterly installments of $0.15 per share.

How much of ROIC's 2024 quarterly distribution qualifies as ordinary income?

$0.10140 of each quarterly distribution qualifies as ordinary income, which is also eligible for Section 199A dividends.

What portion of ROIC's 2024 quarterly distributions is classified as capital gains?

$0.04860 of each quarterly distribution is classified as capital gains, with $0.01943 characterized as Section 1250 Recapture.

When were ROIC's 2024 quarterly distributions paid to shareholders?

ROIC's distributions were paid on April 5, July 10, October 4, 2024, and January 10, 2025.

What percentage of ROIC's 2024 distributions qualifies for Section 199A tax treatment?

67.6% of each distribution ($0.10140 out of $0.15) qualifies for the Section 199A 20% qualified business income deduction.