Key Developments: Retail Opportunity Investments Corp (ROIC.OQ)
13.60USD
1 Aug 2013
$-0.10 (-0.73%)
$13.70
$13.71
$13.74
$13.36
180,522
162,388
$15.78
$12.08
Latest Key Developments (Source: Significant Developments)
Retail Opportunity Investments Corp Reaffirms FY 2013 FFO Guidance
Retail Opportunity Investments Corp maintains its previously stated guidance for the fiscal 2013 that FFO will be within the range of $0.77 to $0.82 per diluted share and net income will be within the range of $0.14 to $0.16 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.80 per share for fiscal 2013. Full Article
Retail Opportunity Investments Corp Announces Cash Dividend
Retail Opportunity Investments Corp On June 28, 2013, distributed a $0.15 per share cash dividend. On July 31, 2013, ROIC's board of directors declared a cash dividend on its common stock of $0.15 per share, payable on September 30, 2013 to stockholders of record on September 16, 2013. Full Article
Retail Opportunity Investments Corp Awarded Investment Grade Rating From Standard & Poor's Ratings Services
Retail Opportunity Investments Corp announced today that Standard & Poor's Ratings Services has assigned a BBB- corporate credit rating to ROIC with a stable outlook. According to the Standard & Poor's report, the rating reflects ROIC's portfolio of well-positioned, well-occupied shopping centers that are located in multiple major markets on the West Coast with high barriers to entry and above average household incomes. Additionally, Standard Poor's noted that ROIC's leverage and coverage metrics are healthy compared to those of similarly rated peers. Full Article
Retail Opportunity Investments Corp Announces Quarterly Cash Dividend
Retail Opportunity Investments Corp announced that on May 1, 2013, ROIC's board of directors declared a cash dividend on its common stock of $0.15 per share, payable on June 28, 2013 to shareholders of record on June 14, 2013. Full Article
Retail Opportunity Investments Corp Lowers FY 2013 FFO Guidance
Retail Opportunity Investments Corp announced that based on its results for the first quarter of 2013 and taking into account the warrants retired to date, the Company currently estimates FFO for fiscal 2013 will be within the range of $0.77-$0.82 per diluted share, and net income will be within the range of $0.14-$0.16 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.83 per share for fiscal 2013. Full Article
Retail Opportunity Investments Corp Issues FY 2013 FFO Guidance In Line With Analysts' Estimates; Declares Dividend
Retail Opportunity Investments Corp announced that for fiscal 2013, it expects FFO will be within the range of $0.80 to $0.85 per diluted share, and net income to be in the range of $0.12 to $0.14 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.82 for fiscal 2013. The Company also announced that on February 19, 2013, ROIC's Board of Directors declared a cash dividend of $0.15 per share, payable on March 29, 2013 to shareholders of record on March 15, 2013. The $0.15 per share dividend represents a 7.1% increase over ROIC's previous dividend. Full Article
Retail Opportunity Investments Corp Acquiring $114 Million Grocery Anchored Portfolio
Retail Opportunity Investments Corp announced , in an off-market transaction, it has closed on three shopping centers and has a binding contract to acquire a fourth shopping center. The four properties together comprise a portfolio transaction totaling $114 million, encompassing approximately 444,000 square feet of gross leaseable area. The portfolio was previously owned and operated by a Southern California family. The acquisitions are being funded with borrowings under ROIC's unsecured credit facility. Full Article
Retail Opportunity Investments Corp Appoints New Chief Financial Officer
Retail Opportunity Investments Corp announced the appointment of Michael B. Haines as Executive Vice President and Chief Financial Officer, Treasurer and Secretary effective December 1, 2012. Mr. Haines will succeed John Roche whose employment with ROIC concludes December 1, 2012. ROIC also announced that Laurie A. Sneve will be appointed as Senior Vice President and Controller prior to year end-2012. Ms. Sneve will succeed Joseph LoParrino, who will continue with ROIC until early-2013 to assist with the transition. Full Article
Retail Opportunity Investments Corp Narrows FY 2012 FFO Guidance To A Range In Line With Analysts' Estimates; Raises Lower End of Prior FY 2012 Net Income Guidance; Issues Q4 Charge Guidance
Retail Opportunity Investments Corp announced that for fiscal 2012, it expects FFO to be within the range of $0.70 and $0.75 per diluted share and net income within the range of $0.12 to $0.14 per diluted share. The Company's guidance takes into account anticipated costs associated with the relocation of its corporate headquarters to San Diego, California. During the third quarter of 2012, the Company incurred $1.0 million in costs associated with the relocation and expects to incur an additional $2.0 million to $2.3 million during the fourth quarter of 2012 associated with completing the relocation. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.73 for fiscal 2012. Full Article
Retail Opportunity Investments Corp Declares Cash Dividend
Retail Opportunity Investments Corp announced that the board of directors have declared a cash dividend on its common stock of $0.14 per share, payable on November 30, 2012 to holders of record on November 14, 2012. Full Article

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