Retail Opportunity Investments Corp. - ROIC STOCK NEWS

Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported Q3 2022 financial results, achieving $18.5 million net income ($0.15 per diluted share) and $36.5 million in Funds From Operations (FFO) ($0.27 per diluted share). The company narrowed FFO guidance for 2022 to $1.09 - $1.11 per diluted share. Leasing activity reached a record 1.2 million square feet in 2022, with a portfolio lease rate of 97.8%. Same-center cash net operating income increased by 4.4% year-to-date. ROIC acquired $120.2 million in grocery-anchored centers and declared a $0.15 dividend.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) will release its financial results for Q3 2022 on October 25, 2022, after market close. A conference call will follow on October 26, 2022, at 9:00 AM ET. ROIC specializes in grocery-anchored shopping centers in densely populated West Coast markets, owning 92 centers with approximately 10.4 million square feet as of June 30, 2022. The company is a major player in this niche, rated investment-grade by major agencies.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported Q2 2022 net income of $11.5 million ($0.09/share), down from $16.5 million last year. Funds from Operations (FFO) rose to $36.7 million ($0.28/share). ROIC raised 2022 FFO guidance to $1.08-$1.12/share. The company has $120.2 million in acquisitions lined up and executed a record 714,380 square feet of leases in H1 2022, achieving a portfolio lease rate of 97.6%. A cash dividend of $0.15/share was declared, payable October 7, 2022. GAAP net income guidance for 2022 is now $0.31-$0.36/share.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) released its annual ESG report for 2021, highlighting key achievements and ongoing initiatives. The report, aligned with SASB, TCFD, and UN SDGs, showcases a 15% reduction in energy use and a 14% cut in greenhouse gas emissions. The company received the Green Lease Leader designation and ensured 100% participation in diversity training. CEO Stuart A. Tanz emphasized the commitment to ethical and sustainable operations, with plans to enhance governance and transparency further. The report reflects efforts to engage stakeholders and meet long-term ESG goals.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) will release its second quarter financial results on July 26, 2022, after market closure. A conference call is scheduled for July 27, 2022, at 9:00 a.m. ET. ROIC, specializing in grocery-anchored shopping centers, is the largest publicly traded REIT focused on the West Coast, owning 89 centers totaling approximately 10.2 million square feet as of March 31, 2022. The company holds investment-grade ratings from major agencies, enhancing its financial credibility.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) has been honored as a 2022 Green Lease Leader by the U.S. Department of Energy, achieving a 'Gold' level designation for its efforts in enhancing energy efficiency and sustainability in collaboration with tenants. This recognition marks ROIC's second consecutive year of receiving this award. CEO Stuart A. Tanz highlighted the company's commitment to environmental stewardship through proactive engagement and strategic initiatives aimed at improving the sustainability of their grocery-anchored shopping centers, which encompass 10.2 million square feet across the West Coast.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported financial results for Q1 2022, highlighting a net income of $11.6 million ($0.09 per diluted share) and FFO of $36.2 million ($0.28 per diluted share). The company raised its FFO guidance for 2022 to $1.04 - $1.10 per diluted share and achieved a 7.5% increase in same-center cash net operating income. ROIC's portfolio lease rate improved to 97.2%, with significant lease activity and a 15.8% increase in same-space cash base rents. The company has secured $60 million in grocery-anchored shopping center acquisitions year-to-date.

Retail Opportunity Investments Corp. (NASDAQ: ROIC) will announce its financial and operational results for Q1 2022 on April 25, 2022, after market close. A conference call is scheduled for April 26, 2022, at 9:00 a.m. ET. Investors can access the call by dialing (877) 312-8783 for domestic or (408) 940-3874 for international calls. ROIC, a premier grocery-anchored shopping center REIT on the West Coast, owns 89 shopping centers totaling approximately 10.2 million square feet as of December 31, 2021.

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.