NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Retail Opportunity Investments Corp. (Nasdaq: ROIC), relating to its proposed merger with Blackstone. Under the terms of the agreement, Blackstone Real Estate Partners X will acquire all ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-33749 RETAIL OPPORTUNITY INVESTMENTS CORP. RETAIL OPPORTUNITY INVESTMENTS PARTNERSHIP, LP (Exact name of registrant as specifie ...

Retail Opportunity Investments (ROIC) came out with quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -3.85%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.26 per share when it actually produced FFO of $0.25, delivering a surprise of -3.85%.Over t ...

SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and nine months ended September 30, 2024. HIGHLIGHTS $32.1 million of net income attributable to common stockholders ($0.25 per diluted share)$33.2 million in Funds From Operations (FFO)(1) ($0.25 per diluted share)FFO per diluted share guidance for 2024 updated ($1.03 - $1.05 per diluted share)$68.8 million of dispositions in 3Q‘24 ($26.7 million gain ...

Steel producer and metal recycler, Steel Dynamics, Inc. (NASDAQ: STLD ) has a demonstrated history of growing its net operating profit after tax (NOPAT) in the long run, compounding NOPAT by some 19% a year since 2019. With a management committed to An economics graduate with a passion for financial history; I apply my knowledge to markets in an effort to hopelessly predict trends and spot value. All opinions are my own and should not be taken seriously. Analyst's Disclosure: I/we have no stock, option or s ...

Core Viewpoint - The outlook for Retail Opportunity Investments Corp. (ROIC) is generally positive due to steady demand and constrained supply in the shopping center market, but past performance indicates a deceleration in growth, leading to a recommendation to wait for a better price level before investing [1][5]. Portfolio and Outlook - ROIC's portfolio includes 94 properties totaling 10.7 million square feet, primarily concentrated in California, particularly Los Angeles [2]. - Essential and e-commerce-resistant retailers make up 82% of the company's annual base rent (ABR), indicating a strong industry exposure despite geographical concentration [2]. - The top tenant accounts for 5.5% of ABR, with reliance on subsequent tenants diminishing to approximately 1.5%, showcasing a diversified tenant base [3]. - More than half of ROIC's leases are set to expire in the next four years, allowing for potential internal growth through rate increases [3]. - The company has consistently re-leased space at double-digit spreads over the past five years, with an occupancy rate maintained above 97% [3]. Performance - In 2023, ROIC reported a 22% spread on new leases and 7% on renewals, with an occupancy rate of 97.7% [5]. - Same-center net operating income (NOI) increased by 3.68% to $211 million, but funds from operations (FFO) decreased by 3.04% [5]. - By Q2 2024, the spread for new leases dropped to 12% and renewals to 6%, with occupancy at 97%, reflecting a decline from previous levels [5]. - Same-center NOI growth slowed to 1.73%, and FFO decreased by 4.25% [5]. - Management guidance for 2024 indicates same-center NOI growth of only 1% to 2%, with potential FFO decline [5]. Leverage & Liquidity - ROIC has a solid balance sheet, with debt financing 41% of its assets and only 2.3% of the debt secured [6]. - 85% of the debt is fixed-rate, with a debt/EBITDA ratio of 6.6x and interest coverage at 2.7x, indicating good liquidity [7]. - The company has $438 million in available liquidity, making upcoming maturities manageable [7]. Dividend & Valuation - ROIC pays a quarterly dividend of $0.15 per share, yielding 3.75%, with a payout ratio of 57.69% [7]. - The forward FFO yield is 6.51%, but the stock price has risen over 20% due to acquisition talks with Blackstone, leading to concerns about valuation [7]. - The stock is trading at a 15.38x FFO multiple, above the retail REIT average of 14.8x, and at a 14.39% premium to net asset value (NAV) [7].

During a market sell-off, such as the one investors have been experiencing this week, particularly with Japan's stock market index (Nikkei 225) selling off by double-digits in a single week only to recover by 12% the day after the crash, investors need to know where their money could be allocated as a discount buying strategy. The last time the market sold off by this much was October 2023, and these types of stocks rallied by double-digits in the following quarter. History may not repeat this time; recover ...

Financial Data and Key Metrics Changes - For Q2 2024, the company reported total revenues of $83 million and operating income of $28 million, while for the first six months, total revenues were $169 million and operating income was $58 million [2] - GAAP net income attributable to common shareholders for Q2 2024 was $7.4 million, or $0.06 per diluted share, and for the first six months, it was $18.4 million, or $0.14 per diluted share [4] - Funds from operations (FFO) for Q2 2024 totaled $34.1 million, equating to $0.25 per diluted share, and for the first six months, FFO totaled $72.1 million, or $0.54 per diluted share [5] - Same center cash basis net operating income (NOI) increased by 1.7% in Q2 and 3.7% for the first half of the year, exceeding the full-year guidance range of 1% to 2% [3] Business Line Data and Key Metrics Changes - The company leased 393,000 square feet in Q2, marking the second most active second quarter on record, with 40 new leases totaling 117,000 square feet and a 12% increase in same space base rent [12] - The portfolio lease rate increased to 97% as of June 30, with shop space at 96% leased and anchor space at 98% leased [13] - New leases signed during Q2 added over $2.5 million of incremental annual base rent, bringing the total incremental rent from new leases to approximately $7.3 million as of June 30 [14] Market Data and Key Metrics Changes - Demand for space across the portfolio remains strong, particularly from destination tenants in sectors such as fitness, wellness, and restaurants [8][9] - The company is focusing on expanding in select markets on the West Coast, where it has a strong presence [10] Company Strategy and Development Direction - The company plans to enhance the value and cash flow of its properties by improving tenant mix and releasing below-market spaces [20] - The acquisition market is currently muted due to interest rate uncertainties, but the company anticipates a potential pickup in acquisition activity in 2025 if interest rates decline [26][41] - The company is focusing on growth opportunities within its core portfolio, particularly with upcoming anchor lease maturities that are significantly below market [35] Management's Comments on Operating Environment and Future Outlook - Management noted that the tenant base continues to perform well, with receivables consistent with historical averages, and minimal exposure to tenants in distress [30] - The company expects same-store NOI growth to be stronger in 2025 compared to 2024, driven by the leasing of spaces that have recently become available [50] - Management expressed optimism about the long-term strength of the grocery-anchored, necessity-based portfolio in affluent markets [35][98] Other Important Information - The company retired a $26 million mortgage during Q2, leaving only one remaining mortgage of $34 million, with 94 of 95 shopping centers unencumbered [6] - The company aims to refinance $250 million of senior notes maturing in December through a long-term public bond offering [7] Q&A Session Summary Question: What is the outlook for net investment activity given the uncertainty around interest rates? - Management indicated that timing is a factor, with sellers reluctant to transact due to the current interest rate environment, but they hope for increased acquisition activity in 2025 if rates decline [26] Question: How does the lower level of net investment activity impact guidance? - The company adjusted its guidance downward, noting that for every $100 million of net investment activity, it adds about a penny of FFO, and with no acquisition activity assumed for the remainder of the year, the high end of guidance was pulled down [28] Question: What is the health of the tenant base today compared to three months ago? - The tenant base continues to perform well, with consistent receivables and minimal impact from tenants in distress [30] Question: Any updates on the Kohl's backfill at Fallbrook? - The company signed leases totaling about 45,000 square feet, with ongoing discussions for the largest space of 115,000 square feet [31] Question: What is the status of the anchor leasing opportunities? - Management noted that many maturing anchor tenants do not have renewal options, presenting significant mark-to-market opportunities [35] Question: How does the company view the impact of recent store closures in the industry? - Management stated that they have very little exposure to affected tenants and are actively working on backfilling spaces [61][68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Maryland (Retail Opportunity Investments Corp.) 26-0500600 (Retail Opportunity Investments Corp.) Delaware (Retail Opportunity Investments Partnership, LP) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Com ...

This quarterly report represents an FFO surprise of -3.85%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.26 per share when it actually produced FFO of $0.28, delivering a surprise of 7.69%. Ahead of this earnings release, the estimate revisions trend for Retail Opportunity Investments: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks ...