Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, S&P Global Ratings, and Fitch Ratings, Inc.
IPO Year:
Exchange: NASDAQ
Website: roireit.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/5/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 10/30/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/24/2024 | $14.00 | Underperform | BofA Securities |
| 4/5/2024 | $14.50 → $12.00 | Neutral → Underperform | BofA Securities |
| 1/5/2024 | $16.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 11/6/2023 | $15.00 → $13.00 | Buy → Neutral | BofA Securities |
| 9/20/2023 | $14.00 → $15.00 | Overweight → Equal Weight | Wells Fargo |
| 9/5/2023 | $16.00 | Mkt Perform → Outperform | Raymond James |
| 5/24/2023 | $14.00 | Overweight | Wells Fargo |
| 1/11/2023 | Buy → Neutral | BTIG Research |
KeyBanc Capital Markets downgraded Retail Opportunity Investments from Overweight to Sector Weight
Raymond James downgraded Retail Opportunity Investments from Outperform to Mkt Perform
BofA Securities resumed coverage of Retail Opportunity Investments with a rating of Underperform and set a new price target of $14.00
BofA Securities downgraded Retail Opportunity Investments from Neutral to Underperform and set a new price target of $12.00 from $14.50 previously
KeyBanc Capital Markets upgraded Retail Opportunity Investments from Sector Weight to Overweight and set a new price target of $16.00
BofA Securities downgraded Retail Opportunity Investments from Buy to Neutral and set a new price target of $13.00 from $15.00 previously
Wells Fargo downgraded Retail Opportunity Investments from Overweight to Equal Weight and set a new price target of $15.00 from $14.00 previously
Raymond James upgraded Retail Opportunity Investments from Mkt Perform to Outperform and set a new price target of $16.00
Wells Fargo initiated coverage of Retail Opportunity Investments with a rating of Overweight and set a new price target of $14.00
BTIG Research downgraded Retail Opportunity Investments from Buy to Neutral
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
SC 13G/A - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Subject)
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 on sale of real estate)97.1% portfolio lease rate at 9/30/24 (98.0% anchor lease rate, 96.0% non-anchor lease rate)450,623 square feet of leasing activity during 3Q‘24 (most active qu
SAN DIEGO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) will issue financial and operational results for the third quarter ended September 30, 2024, after the market closes on Tuesday, October 22, 2024. The Company will conduct a conference call and audio webcast on Wednesday, October 23, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time. To participate in the conference call, click on the following link (ten minutes prior to the call) to register: https://register.vevent.com/register/BI1159e29665c0441fb6af478fc52e86a9 Once registered, participants will have the option of: 1) dialing in from their phone (using a PIN); or 2) clicking the "Ca
SAN DIEGO, July 23, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and six months ended June 30, 2024. HIGHLIGHTS $7.4 million of net income attributable to common stockholders ($0.06 per diluted share)$34.1 million in Funds From Operations (FFO)(1) ($0.25 per diluted share)FFO per diluted share guidance for 2024 updated ($1.04 - $1.07 per diluted share)97.0% portfolio lease rate at 6/30/24 (increased from 96.4% at 3/31/24)12.4% increase in same-space cash base rents on new leases in 2Q‘24 (5.8% on renewals)1.7% increase in same-center cash net operating income (2Q‘24 vs. 2Q‘23)$70.1 million dual g
SAN DIEGO, June 11, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) will issue financial and operational results for the second quarter ended June 30, 2024, after the market closes on Tuesday, July 23, 2024. The Company will conduct a conference call and audio webcast on Wednesday, July 24, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time. To participate in the conference call, click on the following link (ten minutes prior to the call) to register: https://register.vevent.com/register/BI692eaed31e884afba881ed8019ea4cae Once registered, participants will have the option of: 1) dialing in from their phone (using a PIN); or 2) clicking the "Call Me" opti
SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three months ended March 31, 2024. HIGHLIGHTS $11.0 million of net income attributable to common stockholders ($0.09 per diluted share)$37.9 million in Funds From Operations (FFO)(1) ($0.28 per diluted share)FFO per diluted share guidance for 2024 reaffirmed ($1.03 - $1.09 per diluted share)5.7% increase in same-center cash net operating income (1Q‘24 vs. 1Q‘23)383,293 square feet of leases executed during 1Q‘24 (207,172 square feet of anchor renewals)96.4% portfolio lease rate at 3/31/24 (40th consecutive quarter above 96.0%)179
SAN DIEGO, March 11, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) will issue financial and operational results for the first quarter ended March 31, 2024, after the market closes on April 23, 2024. The Company will conduct a conference call and audio webcast on Wednesday, April 24, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time. To participate in the conference call, click on the following link (ten minutes prior to the call) to register: https://register.vevent.com/register/BI4cf1b9c86202419e9d9f2cbfe332a738 Once registered, participants will have the option of: 1) dialing in from their phone (using a PIN); or 2) clicking the "Call Me" option to
SAN DIEGO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2023. YEAR 2023 HIGHLIGHTS $34.5 million of net income attributable to common stockholders ($0.27 per diluted share)$140.9 million in Funds From Operations(1) ($1.06 per diluted share)3.7% increase in same-center cash net operating income (2023 vs. 2022)97.7% portfolio lease rate at year-end1.7 million square feet leased (all-time record activity)22.2% increase in same-space cash rents on new leases (6.7% increase on renewals)$350.0 million unsecured senior notes issued $250.0 million December 2023
SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC), announced today the federal tax treatment of the 2023 distributions on its shares of common stock. The federal tax treatment of the 2023 distributions as it is expected to be reported on Form 1099-DIV is as follows: Record DatePayable DateTotal Distribution per ShareOrdinary Income per ShareSection 199A Dividends1 03/17/202304/07/2023$0.1500$0.1500$0.150006/16/202307/07/2023$0.1500$0.1500$0.150009/15/202310/06/2023$0.1500$0.1500$0.150012/15/202301/05/2024$0.1500$0.1500$0.1500 1Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is i
SAN DIEGO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) will issue financial and operational results for the fourth quarter and year ended December 31, 2023, after the market closes on Wednesday, February 14, 2024. The Company will conduct a conference call and audio webcast on Thursday, February 15, 2024, at 12:00 p.m. Eastern Time / 9:00 a.m. Pacific Time. To participate in the conference call, click on the following link (ten minutes prior to the call) to register: https://register.vevent.com/register/BIfe506a32ae5342cda1ec372ea1fbd0a3 Once registered, participants will have the option of: 1) dialing in from their phone (using a PIN); or 2) cl
SAN DIEGO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and nine months ended September 30, 2023. HIGHLIGHTS $8.4 million of net income attributable to common stockholders ($0.07 per diluted share)$36.0 million in Funds From Operations (FFO)(1) ($0.27 per diluted share)FFO per diluted share guidance for 2023 narrowed ($1.05 - $1.07 per diluted share)8.2% increase in same-center cash net operating income (3Q‘23 vs. 3Q‘22)98.2% portfolio lease rate at 9/30/23 (vs. 97.8% at 9/30/22)465,187 square feet of leases executed during 3Q‘23 (new and renewed)36.0% increase in same-space cash base re
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
Blackstone (NYSE:BX) and Retail Opportunity Investments Corp. (NASDAQ:ROIC) ("ROIC" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC's portfolio consists of 93 high-quality, grocery-anchored retail properties totaling 10.5 million square feet concentrated in Los Angeles, Seattle, San Francisco and Portland. The purchase price represents a premium of 34% to ROIC's closing share price on July 29, 2024, the last trading day prior to news reports o
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 on sale of real estate)97.1% portfolio lease rate at 9/30/24 (98.0% anchor lease rate, 96.0% non-anchor lease rate)450,623 square feet of leasing activity during 3Q‘24 (most active qu
SAN DIEGO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) will issue financial and operational results for the third quarter ended September 30, 2024, after the market closes on Tuesday, October 22, 2024. The Company will conduct a conference call and audio webcast on Wednesday, October 23, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time. To participate in the conference call, click on the following link (ten minutes prior to the call) to register: https://register.vevent.com/register/BI1159e29665c0441fb6af478fc52e86a9 Once registered, participants will have the option of: 1) dialing in from their phone (using a PIN); or 2) clicking the "Ca
SAN DIEGO, July 23, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and six months ended June 30, 2024. HIGHLIGHTS $7.4 million of net income attributable to common stockholders ($0.06 per diluted share)$34.1 million in Funds From Operations (FFO)(1) ($0.25 per diluted share)FFO per diluted share guidance for 2024 updated ($1.04 - $1.07 per diluted share)97.0% portfolio lease rate at 6/30/24 (increased from 96.4% at 3/31/24)12.4% increase in same-space cash base rents on new leases in 2Q‘24 (5.8% on renewals)1.7% increase in same-center cash net operating income (2Q‘24 vs. 2Q‘23)$70.1 million dual g
SAN DIEGO, June 26, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today the release of its annual Environmental, Social and Governance (ESG) report, detailing its ESG achievements during 2023, as well as its ongoing initiatives and goals. The report was prepared in accordance with the Sustainability Accounting Standards Board standards, the Task Force on Climate-related Financial Disclosures framework, and the United Nations Sustainable Development Goals. The report is available at: ROIC ESG Report Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, "Environmental sustainability and corporate respons
SAN DIEGO, June 11, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) will issue financial and operational results for the second quarter ended June 30, 2024, after the market closes on Tuesday, July 23, 2024. The Company will conduct a conference call and audio webcast on Wednesday, July 24, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time. To participate in the conference call, click on the following link (ten minutes prior to the call) to register: https://register.vevent.com/register/BI692eaed31e884afba881ed8019ea4cae Once registered, participants will have the option of: 1) dialing in from their phone (using a PIN); or 2) clicking the "Call Me" opti
SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three months ended March 31, 2024. HIGHLIGHTS $11.0 million of net income attributable to common stockholders ($0.09 per diluted share)$37.9 million in Funds From Operations (FFO)(1) ($0.28 per diluted share)FFO per diluted share guidance for 2024 reaffirmed ($1.03 - $1.09 per diluted share)5.7% increase in same-center cash net operating income (1Q‘24 vs. 1Q‘23)383,293 square feet of leases executed during 1Q‘24 (207,172 square feet of anchor renewals)96.4% portfolio lease rate at 3/31/24 (40th consecutive quarter above 96.0%)179
SAN DIEGO, March 11, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) will issue financial and operational results for the first quarter ended March 31, 2024, after the market closes on April 23, 2024. The Company will conduct a conference call and audio webcast on Wednesday, April 24, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time. To participate in the conference call, click on the following link (ten minutes prior to the call) to register: https://register.vevent.com/register/BI4cf1b9c86202419e9d9f2cbfe332a738 Once registered, participants will have the option of: 1) dialing in from their phone (using a PIN); or 2) clicking the "Call Me" option to
SAN DIEGO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2023. YEAR 2023 HIGHLIGHTS $34.5 million of net income attributable to common stockholders ($0.27 per diluted share)$140.9 million in Funds From Operations(1) ($1.06 per diluted share)3.7% increase in same-center cash net operating income (2023 vs. 2022)97.7% portfolio lease rate at year-end1.7 million square feet leased (all-time record activity)22.2% increase in same-space cash rents on new leases (6.7% increase on renewals)$350.0 million unsecured senior notes issued $250.0 million December 2023
SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC), announced today the federal tax treatment of the 2023 distributions on its shares of common stock. The federal tax treatment of the 2023 distributions as it is expected to be reported on Form 1099-DIV is as follows: Record DatePayable DateTotal Distribution per ShareOrdinary Income per ShareSection 199A Dividends1 03/17/202304/07/2023$0.1500$0.1500$0.150006/16/202307/07/2023$0.1500$0.1500$0.150009/15/202310/06/2023$0.1500$0.1500$0.150012/15/202301/05/2024$0.1500$0.1500$0.1500 1Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is i
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4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
4 - RETAIL OPPORTUNITY INVESTMENTS CORP (0001407623) (Issuer)
Retail Opportunity (NASDAQ:ROIC) reported quarterly earnings of $0.25 per share which met the analyst consensus estimate. This is a 7.41 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $83.320 million which beat the analyst consensus estimate of $81.068 million by 2.78 percent. This is a 1.56 percent increase over sales of $82.040 million the same period last year.
Wells Fargo analyst Dori Kesten maintains Retail Opportunity (NASDAQ:ROIC) with a Equal-Weight and lowers the price target from $14 to $13.5.
Retail Opportunity (NASDAQ:ROIC) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.27 by 3.7 percent. This is a 12 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $85.330 million which beat the analyst consensus estimate of $83.816 million by 1.81 percent. This is a 7.61 percent increase over sales of $79.296 million the same period last year.
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BofA Securities analyst Jeffrey Spector changed the rating for a few retail REITS following their Retail Executive Summit with 8 REITs. The analyst upgraded Acadia Realty Trust (NYSE:AKR) to Buy from Neutral at an increased price target of $20 (from $18). The rating reflects the leading internal growth outlook, near-term growth opportunities, upside to FY24 guidance from recovering Street retail assets include lagging markets like Chicago and lower capital expenditure on Street leases. The analyst estimates an FFO per share of $1.30 in 2024 and $1.35 in 2025. Spector also increased the rating on Tanger Inc. (NYSE:SKT) to Neutral (from Underperform) and upped the price ta
B of A Securities analyst Craig Schmidt downgrades Retail Opportunity (NASDAQ:ROIC) from Neutral to Underperform and lowers the price target from $14.5 to $12.
Retail Opportunity (NASDAQ:ROIC) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $0.26 by 3.85 percent. The company reported quarterly sales of $84.65 million which beat the analyst consensus estimate of $77.61 million by 9.07 percent. This is a 5.56 percent increase over sales of $80.19 million the same period last year.
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