Retail Value (RVI) Reports Q1 EPS of $0.15 on Revenues of $41.46M

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Go back to Retail Value (RVI) Reports Q1 EPS of $0.15 on Revenues of $41.46M

Retail Value Inc. Reports First Quarter 2021 Operating Results

May 4, 2021 4:05 PM EDT

BEACHWOOD, Ohio--(BUSINESS WIRE)-- Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter ended March 31, 2021.

Results for the Quarter and Recent Activity

First quarter net income attributable to common shareholders was $3.2 million, or $0.15 per diluted share, as compared to net loss of $13.1 million, or $0.66 per share, in the year-ago period. The period-over-period increase in net income is primarily attributable to reduced impairment charges, interest expense and debt extinguishment costs partly offset by reduced rental income stemming from the impact of the COVID-19 pandemic and asset... More