Retail Opportunity Investments (ROIC) Reports In-Line Q1 EPS

Retail Opportunity Investments (NASDAQ: ROIC) reported Q1 EPS of $0.09, in-line with the analyst estimate of $0.09.

• $10.2 million of net income attributable to common stockholders ($0.09 per diluted share)
• $34.3 million of Funds From Operations(1) ($0.28 per diluted share)
• $268.4 million of shopping center acquisitions lined up year-to-date
• $124.5 million of shopping centers acquired year-to-date (including $91.5mm in 1Q’17)
• $143.9 million of shopping center acquisitions currently under contract
• 97.2% portfolio lease rate at March 31, 2017
• 24.0% increase in same-space comparative cash rents on new leases (9.1% on renewals)
• 2.0% increase in same-center cash net operating income (1Q’17 vs. 1Q’16)
• $55.7mm of ROIC common equity to be issued in connection with acquisitions ($21.36 per share)
• 33.1% debt-to-total market capitalization ratio at March 31, 2017
• 4.0x interest coverage for 1Q’17
• Quarterly cash dividend of $0.1875 per share declared

For earnings history and earnings-related data on Retail Opportunity Investments (ROIC) click here.

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