Retail Opportunity Investments Partnership, Lp 10-K Annual Report February 2020

San Diego, CA, February 18, 2020 – Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2019.

YEAR 2019 HIGHLIGHTS

•$48.8mm of net income attributable to common stockholders ($0.42 per diluted share)

•$138.1 million in Funds From Operations⁽¹⁾ ($1.10 per diluted share)

•97.9% portfolio lease rate at year-end (6th consecutive year above 97%)

•3.6% increase in same-center cash net operating income (2019 vs. 2018)

•1.4 million square feet of leases executed (new and renewed)

•32.8% increase in same-space cash rents on new leases (9.7% increase on renewals)

•$74.1 million of property dispositions

•$11.5 million grocery-anchored shopping center acquired

•$34.2 million of common equity raised through ATM program

•$72.6 million reduction in year-end principal debt outstanding (2019 vs. 2018)

•94.1% of total debt effectively fixed-rate at year-end (no debt maturing in 2020 and 2021)

•94.5% of portfolio’s gross leasable area unencumbered at year-end

•$0.788 per share in total cash dividends paid in 2019

4TH QUARTER 2019 HIGHLIGHTS

•$10.2mm of net income attributable to common stockholders ($0.09 per diluted share)

•$35.3 million in Funds From Operations⁽¹⁾ ($0.28 per diluted share)

•$11.5 million grocery-anchored shopping center acquired

•$13.6 million property disposition

•3.5% increase in same-center cash net operating income (4Q‘19 vs. 4Q‘18)

•34.1% increase in same-space cash rents on new leases (6.2% increase on renewals)

•$15.0 million of common equity raised through ATM program

•Lowered borrowing spread, extended maturities on credit facility and term loan

•3.4 times interest coverage

•$0.197 per share quarterly cash dividend paid

•$0.20 per share quarterly cash dividend declared in 1Q‘20

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⁽¹⁾ A reconciliation of GAAP net income to FFO is provided at the end of this press release.

The following information was filed by Retail Opportunity Investments Partnership, Lp on Tuesday, February 18, 2020 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-K Annual 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-K Annual Report

Material Contracts, Statements, Certifications & more

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

Exhibit 4.7: Instruments Defining The Rights Of Security Holders, Including Indentures

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 23.2: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

CIK: 1577230
Form Type: 10-K Annual Report
Accession Number: 0001407623-20-000029
Submitted to the SEC: Wed Feb 19 2020 1:27:45 PM EST
Accepted by the SEC: Wed Feb 19 2020
Period: Tuesday, December 31, 2019
Industry: Real Estate Investment Trusts

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Retail Opportunity Investments Partnership, Lp (1577230) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

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