Retail Opportunity Investments Corp

ROIC

Equity

ISIN null / Valor 10683476

NASDAQ (2025-02-13)

USD 17.49%

Retail Opportunity Investments Corp
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About company

Retail Opportunity Investments Corp. (ROIC) is a real estate investment trust (REIT) that focuses on the acquisition, ownership, and management of necessity-based retail properties. The company's portfolio primarily consists of community and neighborhood shopping centers that are anchored by national or regional supermarkets and drugstores. ROIC strategically targets properties located in densely populated, middle and upper-income markets, predominantly in the western United States. By concentrating on grocery-anchored shopping centers, ROIC aims to provide stable and reliable income streams, capitalizing on the consistent consumer demand for essential goods and services. The company's approach is to invest in well-located properties that serve as vital retail hubs within their communities, ensuring a steady flow of foot traffic and tenant demand.

Summarized from source with an LLMView SourceSector: Finance

Net Income and Earnings Per Share

For Q3 2024, Retail Opportunity Investments Corp. achieved a GAAP net income of $32.1 million, or $0.25 per diluted share, a substantial increase from $8.4 million, or $0.07 per diluted share, in Q3 2023. This growth is partly driven by a $26.7 million gain on the sale of real estate.

Funds From Operations (FFO) and Updated Guidance

The company reported $33.2 million in Funds From Operations for the third quarter, maintaining FFO per diluted share at $0.25. Retail Opportunity Investments Corp. has updated its full-year 2024 FFO guidance to a range of $1.03 to $1.05 per diluted share, reflecting continued operational strength.

Leasing Activity and Portfolio Occupancy

Retail Opportunity Investments Corp. recorded 450,623 square feet of leasing activity in Q3 2024, marking the most active quarter year-to-date. The portfolio achieved a 97.1% lease rate as of September 30, 2024, underscoring the company's effective property management and strong tenant demand.

Dispositions and Portfolio Management

During the third quarter, the company successfully disposed of properties totaling $68.8 million, resulting in a $26.7 million gain on real estate sales. This active portfolio management supports the company's strategy to enhance long-term value.

Dividend Declaration

Retail Opportunity Investments Corp. declared a cash dividend of $0.15 per share, payable on January 10, 2025, to shareholders of record as of December 20, 2024, demonstrating the company's commitment to returning value to its investors.

Summarized from source with an LLMView Source

Key figures

33.9%1Y

-4.63%3Y

3.68%5Y

Performance

9.33%1Y

27.2%3Y

29.9%5Y

Volatility