Key Developments: Retail Opportunity Investments Corp (ROIC.O)
14.99USD
24 May 2013
$-0.19 (-1.25%)
$15.18
$15.17
$15.17
$14.85
312,487
615,559
$15.79
$11.80
Latest Key Developments (Source: Significant Developments)
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
Retail Opportunity Investments Corp Closes On $200 Million Senior Unsecured Revolving Credit Facility And $200 Million Senior Unsecured Term Loan
Retail Opportunity Investments announced that it has amended and restated its $175 million senior unsecured revolving credit facility and $110 million senior unsecured term loan facility, extending their term by two years and increasing their size by $115 million, while simultaneously reducing borrowing costs. The unsecured revolving credit facility has an initial maturity date of August 29, 2016 with a borrower's option to extend the revolving credit facility for one year, while the term loan facility has a maturity date of August 29, 2017. Each facility has the same LIBOR-based borrowing margin, initially priced off a grid that is tied to the Company's leverage ratio. Based on the Company's current leverage, the facilities will bear interest at a rate of LIBOR plus 155 basis points. If the Company receives an investment grade credit rating from at least two rating agencies, the borrowing margin converts to a ratings-based grid. Additionally, both the credit facility and the term loan facility contain an accordion feature, providing the Company with the ability to increase the amount of both facilities to $300 million, subject to commitments and other conditions. Full Article
Retail Opportunity Investments Corp Reaffirms FY 2012 FFO Guidance
Retail Opportunity Investments Corp announced that it maintains FFO guidance for fiscal 2012 of $0.68-$0.78 per diluted share and net income within the range of $0.08-$0.14 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.75 for fiscal 2012. Full Article
Retail Opportunity Investments Corp Reaffirms FY 2012 FFO Guidance-Conference Call
Retail Opportunity Investments Corp announced that it continues to expect FFO per share for fiscal 2012 to be between $0.68-$0.78. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.76 for fiscal 2012. Full Article
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