Welcome to our dedicated page for Retail Opportunity Invts news (Ticker: ROIC), a resource for investors and traders seeking the latest updates and insights on Retail Opportunity Invts 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.
Retail Opportunity Investments Corp. (ROIC) stockholders have approved the proposed all-cash acquisition by Blackstone Real Estate Partners X. The agreement, which was previously announced, will see Blackstone acquiring ROIC's outstanding shares at $17.50 per share. The transaction is expected to close around February 12, 2025, subject to customary closing conditions. ROIC will file detailed vote results from the special stockholders meeting through a Current Report on Form 8-K with the SEC.
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.
Blackstone has announced plans to acquire Retail Opportunity Investments Corp. (ROIC) in an all-cash transaction valued at approximately $4 billion, including outstanding debt. The deal values ROIC shares at $17.50 per share, representing a 34% premium to ROIC's closing price on July 29, 2024. ROIC's portfolio includes 93 grocery-anchored retail properties totaling 10.5 million square feet across Los Angeles, Seattle, San Francisco, and Portland. The transaction, approved by ROIC's Board of Directors, is expected to close in the first quarter of 2025, subject to stockholder approval and customary conditions.
Retail Opportunity Investments Corp. (NASDAQ: ROIC) has announced its schedule for the release of its third quarter 2024 financial and operational results. The company will disclose these results after the market closes on Tuesday, October 22, 2024. Following this, ROIC will host a conference call and audio webcast on Wednesday, October 23, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time.
Participants can register for the conference call through a provided link, with options to dial in using a PIN or receive an automated call. A live webcast will also be available in listen-only mode. For those unable to attend, a recording of the call will be accessible for up to one year on the company's Investor Relations Events & Presentations page.
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.
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.
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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