ROIC Q1 net income $11M, FFO $0.28; acquires $70.1M center, reaffirms guidance

RETAIL OPPORTUNITY INVESTMENTS CORP

2024-Q1 EPS reported $0.09 revenue$85,330,000

Net income $11.0M ($0.09 diluted EPS), FFO $37.9M ($0.28 diluted) for Q1 2024.
Same-center cash NOI up 5.7% YoY; portfolio 96.4% leased, 40th consecutive quarter above 96%.
Acquired Bressi Ranch Village Center in Carlsbad, CA for $70.1M in April 2024.
Dispositions under contract for $68.2M; retired $26.0M mortgage in April 2024.
2024 FFO guidance reaffirmed at $1.03–$1.09/diluted share; $0.15 dividend declared.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RETAIL OPPORTUNITY INVESTMENTS CORP reported three months ended March 31, 2024 results: net income $11.0 million, EPS $0.09 per diluted share. Guidance reaffirmed.

Period: three months ended March 31, 2024
Net income: $11.0 million
EPS: $0.09 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On April 23, 2024, Retail Opportunity Investments Corp. (the "Company") issued an earnings release announcing its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001407623-24-000069

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