Retail Opportunity Investments (ROIC) Tops Q2 FFO by 1c

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Retail Opportunity Investments Corp. Reports Strong Second Quarter Results

July 27, 2016 4:07 PM EDT

SAN DIEGO, July 27, 2016 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC) announced today financial and operating results for the second quarter ended June 30, 2016.

HIGHLIGHTS

      Net income of $8.6 million, or $0.08 per diluted share      17.4% increase in FFO(1) per diluted share to $0.27 (2Q16 vs. 2Q15)      $181.8 million of grocery-anchored shopping centers acquired during 2Q16      $289.4 million of grocery-anchored acquisitions committed year-to-date      97.2% portfolio leased rate at June 30, 2016      4.9% increase in same-center cash net operating income (2Q16... More

Retail Opportunity Investments Corp. Agrees to Sell $200 Million of Senior Unsecured Notes Due 2026

July 27, 2016 5:30 AM EDT

SAN DIEGO, July 27, 2016 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC) (The Company), announced today that it has agreed to sell $200 million principal amount of 3.95% Senior Unsecured Notes in a private placement. The Company expects to issue the notes in September 2016. The notes will mature on the ten year anniversary of their issuance.

Proceeds from the financing will be used to repay amounts outstanding under the Companys $500 million revolving credit facility and for general corporate purposes.

The Senior Unsecured Notes... More