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Stock impact report

Retail Opportunity Investments Corp. Reports 2020 First Quarter Results & Provides COVID-19 Update

Retail Opportunity Investments Corp. (ROIC) 
Last retail opportunity investments corp. earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.roicreit.com/overview-0
Company Research Source: GlobeNewswire
SAN DIEGO, April 22, 2020 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three months ended March 31, 2020, and provided information regarding financial and operational activities in light of the ongoing COVID-19 pandemic. FIRST QUARTER 2020  $12.0 million of net income attributable to common stockholders ($0.10 per diluted share) $37.4 million of Funds From Operations (FFO)(1) ($0.29 per diluted share) 97.7% portfolio lease rate at March 31, 2020 22.5% increase in same-space comparative cash rents on new leases (8.0% on renewals) 3.3% increase in same-center cash net operating income (1Q‘20 vs. 1Q‘19) $0.20 per share quarterly cash dividend paid COVID-19 UPDATE (as of April 17, 2020)  All 88 shopping centers are open and operating 78.8% of tenants, based on gross leasable area (GLA), are designated “essential businesses” 89.4% of essential businesses are open and operating (based on GLA) 70.4% of to Show less Read more
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