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Retail Opportunity Investments Partnership, Lp (1577230) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Retail Opportunity Investments Partnersh

CIK: 1577230

Retail Opportunity Investments Corp.                 TRADED: NASDAQ: ROIC
11250 El Camino Real, Suite 200
San Diego, CA 92130        

FOR IMMEDIATE RELEASE
Wednesday, July 24, 2019

Retail Opportunity Investments Corp. Reports
2019 Second Quarter Results
San Diego, CA, July 24, 2019 - Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and six months ended June 30, 2019.
HIGHLIGHTS
$7.6 million of net income attributable to common stockholders ($0.07 per diluted share)
$32.6 million of Funds From Operations (FFO)(1) ($0.26 per diluted share)
97.9% portfolio lease rate at June 30, 2019 (20th consecutive quarter at or above 97%)
27.3% increase in same-space comparative cash rents on new leases (10.7% on renewals)
4.6% increase in same-center cash net operating income (2Q‘19 vs. 2Q‘18)
3.8% increase in same-center cash net operating income (first 6 months ‘19 vs. ‘18)
$13.5 million property disposition ($30.5 million of property dispositions YTD)
$0.1970 per share quarterly cash dividend paid
2019 FFO guidance range reaffirmed ($1.11 - $1.15 per diluted share)
Investment-grade ratings & stable outlook reaffirmed by Moody’s and S&P
________________________________________
(1) A reconciliation of GAAP net income to FFO is provided at the end of this press release.
Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, “During the second quarter we continued to build on the solid momentum we established during the first quarter. We again posted strong releasing spreads and same-center NOI growth. Additionally, we achieved a new record high lease rate for the company, finishing the second quarter at a very strong 97.9%. We also continued to make steady progress in terms of disposing of non-core properties and with the entitlement process on our densification initiatives.” Tanz added, “Thus far we are squarely on track to achieve our stated objectives for the year and look forward to continuing to advance our business during the second half of 2019.”
FINANCIAL SUMMARY
For the three months ended June 30, 2019, GAAP net income attributable to common stockholders was $7.6 million, or $0.07 per diluted share, as compared to GAAP net income attributable to common stockholders of $7.3 million, or $0.06 per diluted share, for the three months ended June 30, 2018. For the six months ended June 30, 2019, GAAP net income attributable to common stockholders was $20.8 million, or $0.18 per diluted share, as compared to GAAP net income attributable to common stockholders of $18.0 million, or $0.16 per diluted share, for the six months ended June 30, 2018.



The following information was filed by Retail Opportunity Investments Partnership, Lp on Wednesday, July 24, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parentheticals)
Consolidated Statement Of Equity
Consolidated Statement Of Equity (Parentheticals)
Consolidated Statement Of Partners' Capital
Consolidated Statement Of Partners' Capital (Parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations And Comprehensive Income
Capital Of The Operating Partnership
Capital Of The Operating Partnership (Details Textual)
Commitments And Contingencies
Commitments And Contingencies (Details Textual)
Commitments And Contingencies (Future Minimum Annual Lease Payments Under Operating Leases) (Details)
Commitments And Contingencies (Tables)
Common Stock Of Roic
Common Stock Of Roic (Details Textual)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Fair Value Of Financial Instruments (Balance Sheet Classification) (Details)
Fair Value Of Financial Instruments (Details Textual)
Fair Value Of Financial Instruments (Interest Rate Swaps) (Details)
Fair Value Of Financial Instruments (Location Of Gain Or Loss On Interest Rate Derivatives Designated As Cash Flow Hedges) (Details)
Fair Value Of Financial Instruments (Tables)
Mortgage Notes Payable, Credit Facilities And Senior Notes
Mortgage Notes Payable, Credit Facilities And Senior Notes (Carrying Value Of Debt) (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes (Details Textual)
Mortgage Notes Payable, Credit Facilities And Senior Notes (Mortgage Notes Based On Their Respective Properties) (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes (Tables)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Details Textual)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Reconciliation Between Basic And Diluted Eps) (Details)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Preferred Stock Of Roic
Preferred Stock Of Roic (Details Textual)
Real Estate Investments
Real Estate Investments (Details Textual)
Related Party Transactions
Related Party Transactions (Details Textual)
Stock Compensation For Roic
Stock Compensation For Roic (Details Textual)
Stock Compensation For Roic (Status Of Non-Vested Restricted Stock Awards) (Details)
Stock Compensation For Roic (Tables)
Subsequent Events
Subsequent Events (Details Textual)
Tenant Leases
Tenant Leases (Tables)
Tenant Leases Minimum Future Rentals To Be Received Under Non-Cancellable Leases (Details)

Material Contracts, Statements, Certifications & more

Retail Opportunity Investments Partnership, Lp provided additional information to their SEC Filing as exhibits

CIK: 1577230
Form Type: 10-Q Quarterly Report
Accession Number: 0001407623-19-000018
Submitted to the SEC: Thu Jul 25 2019 12:09:16 PM EST
Accepted by the SEC: Thu Jul 25 2019
Period: Sunday, June 30, 2019
Industry: Real Estate Investment Trusts

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