Welcome to our dedicated page for Retail Opportunity Investments news (Ticker: ROIC), a resource for investors and traders seeking the latest updates and insights on Retail Opportunity Investments 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. (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.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) reported strong financial results for Q2 2021, with a net income of $16.5 million ($0.14 per diluted share) and $31.7 million in Funds From Operations (FFO) ($0.25 per diluted share).
The company achieved a 9.6% increase in same-center cash net operating income, a leasing rate of 96.9%, and executed leases totaling 338,230 square feet. They are pursuing $61 million in grocery-anchored acquisitions and have completed $25.8 million in property dispositions. ROIC raised $34.8 million through an ATM program and declared a $0.11 cash dividend.
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.
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