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) 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.
Retail Opportunity Investments Corp. (NASDAQ: ROIC) is set to release its fourth quarter and annual financial results for the year ending December 31, 2020, after market close on February 23, 2021. A conference call will follow on February 24, 2021, at 12:00 p.m. Eastern Time. Investors can access the call at (877) 312-8783 for domestic calls or (408) 940-3874 internationally, using Conference ID: 8069709. ROIC specializes in grocery-anchored shopping centers across the West Coast, owning 88 properties totaling approximately 10.1 million square feet as of September 30, 2020.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) has been awarded the 2020 title of Best Retail REIT (U.S.) by Capital Finance International (CFI.co). This accolade highlights ROIC’s strategic vision and commitment to ESG-focused initiatives. CEO Stuart A. Tanz expressed gratitude for the recognition, emphasizing the company's dedication to sustainable operations and strong community relationships. As of September 30, 2020, ROIC owns 88 grocery-anchored shopping centers across the West Coast, totaling approximately 10.1 million square feet.
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