Retail Opportunity Company profile
About Retail Opportunity Investments Corp
Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. It operates its business through, its operating partnership subsidiary, Retail Opportunity Investments Partnership, LP. The Company is organized in an umbrella partnership real estate investment trust (UpREIT) format pursuant to which Retail Opportunity Investments GP, LLC, serves as the general partner. The operating partnership holds all the assets of the Company and directly or indirectly holds the ownership interests in the Company’s real estate ventures. The Company’s portfolio consists of 88 properties totaling approximately 10.0 million square feet of gross leasable area (GLA).
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Retail Opportunity Investments Corp revenues remained flat at $284.1M. Net income applicable to common stockholders increased 67% to $53.2M., also reflect NAREIT FFO - Per Share - Basic - Total decrease of 6% to $1.04, NAREIT FFO - Per Share - Diluted - Total decrease of 5% to $1, Other income decrease of 15% to $3.2M.
Equity composition
Common Stock $.0001 Par, 5/11, 500M auth., 42,075,433 shs. issd. Insiders Own 2.18%. IPO: 10/19/2007, 30M shares @ $10 per share by Banc of America Securities LLC, Maxim Securities Inc., Gunnallen Financial Inc. and Ladenburg Thalmann & Co. Inc. 11/09, Exchange changed from AMEX to NASDAQ.