Last $16.69 USD
Change Today -0.075 / -0.45%
Volume 2.0M
ROIC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

retail opportunity investmen (ROIC) Snapshot

Open
$16.86
Previous Close
$16.77
Day High
$16.88
Day Low
$16.58
52 Week High
12/3/14 - $16.98
52 Week Low
02/25/14 - $13.85
Market Cap
1.6B
Average Volume 10 Days
664.6K
EPS TTM
$0.23
Shares Outstanding
93.0M
EX-Date
12/11/14
P/E TM
72.6x
Dividend
$0.64
Dividend Yield
3.83%
Current Stock Chart for RETAIL OPPORTUNITY INVESTMEN (ROIC)

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retail opportunity investmen (ROIC) Details

Retail Opportunity Investments Corp., a real estate investment trust (REIT), engages in the acquisition, ownership, and management of necessity-based community and neighborhood shopping centers in the eastern and western regions of the United States. As of December 31, 2011, its portfolio consisted of 30 owned retail properties totaling approximately 3.2 million square feet of gross leasable area. The company has elected to be taxed as a REIT, for U.S. federal income tax purposes. The company is based in San Diego, California with additional offices in New York City; Rancho Cordova, California; West Linn, Oregon; and Federal Way, Washington.

61 Employees
Last Reported Date: 02/25/14

retail opportunity investmen (ROIC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.6M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $550.0K
Chief Operating Officer
Total Annual Compensation: $615.0K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $19.0K
Compensation as of Fiscal Year 2013.

retail opportunity investmen (ROIC) Key Developments

Retail Opportunity Investments Corp. Enhances Short-Term Borrowing Capacity

Retail Opportunity Investments Corp. announced that it has retired its $200 million unsecured term loan and amended its unsecured revolving credit facility, modifying certain key terms, including: (1) increasing the borrowing capacity from $350 million to $500 million; (2) increasing the accordion feature, enabling the company to expand the borrowing capacity of the facility to $1 billion, subject to commitments and other conditions; (3) extending the maturity date to January 2019; and (4) lowering the interest rate spread to 100 basis points over LIBOR.

Retail Opportunity Investments Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Declares Cash Dividend for the Third Quarter of 2014, Payable on December 29, 2014; Provides Earnings Guidance for the Full Year of 2014

Retail Opportunity Investments Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $40.855 million compared to $27.147 million a year ago. Operating income was $12.295 million compared to $6.465 million a year ago. Income from continuing operations was $6.980 million or $0.07 per basic and diluted share compared to $25.262 million or $0.34 per diluted share a year ago. Net income attributable to the company was $6.748 million or $0.07 per basic and diluted share compared to $25.262 million or $0.34 per diluted share a year ago. Funds from operations were $20.8 million or $0.22 per diluted share as compared to $35.4 million in FFO or $0.48 per diluted share for the third quarter of 2013. The sharp increase in revenues and operating income is largely attributable to acquisition activity during the past year, most notably, acquisition of Fallbrook in the second quarter of 2014, and acquisition of partners joint venture interest in Crossroads in the third quarter of last year. For the nine months, the company reported total revenues of $114.120 million compared to $77.595 million a year ago. Operating income was $32.123 million compared to $18.939 million a year ago. Income from continuing operations was $16.297 million or $0.19 per basic and diluted share compared to $30.736 million or $0.45 per diluted share a year ago. Net income attributable to the company was $15.714 million or $0.19 per basic and diluted share compared to $30.023 million or $0.44 per diluted share a year ago. Funds from operations were $54.415 million as compared to $59.609 million a year ago. The company currently expects FFO for the full year of 2014 will be within the range of $0.83 to $0.85 per diluted share, and net income will be within the range of $0.25 to $0.27 per diluted share. The company announced that the board of directors declared a cash dividend of $0.16 per share, payable on December 29, 2014 to stockholders of record on December 15, 2014.

Retail Opportunity Investments Corp. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 01:30 PM

Retail Opportunity Investments Corp. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 01:30 PM. Venue: Four Seasons Hotel, Chicago, Illinois, United States.

 

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