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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

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
Tuesday, February 18, 2020

Retail Opportunity Investments Corp. Reports 2019 Results

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
________________________________________
(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

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parentheticals)
Consolidated Statement Of Partners' Capital
Consolidated Statement Of Partners' Capital (Parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Equity
Consolidated Statements Of Equity (Parentheticals)
Consolidated Statements Of Operations And Comprehensive Income
Acquired Lease Intangibles
Acquired Lease Intangibles (Details) - Future Amortization Of Acquired Lease Intangible Assets
Acquired Lease Intangibles (Details) - Future Amortization Of Acquired Lease Intangible Liabilities
Acquired Lease Intangibles (Details) - Intangible Assets And Liabilities
Acquired Lease Intangibles (Narrative) (Details)
Acquired Lease Intangibles (Tables)
Capital Of The Operating Partnership
Capital Of The Operating Partnership (Narrative) (Details)
Commitments And Contingencies
Commitments And Contingencies (Details) - Future Minimum Annual Lease Payments Under Operating Leases
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Tables)
Common Stock Of Roic
Common Stock Of Roic (Narrative) (Details)
Derivative And Hedging Activities
Derivative And Hedging Activities (Assets And Liabilities Measured At Fair Value) (Details)
Derivative And Hedging Activities (Details) - Location Of Gain Or Loss On Interest Rate Derivatives Designated As Cash Flow Hedges
Derivative And Hedging Activities (Tables)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Schedule) (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes
Mortgage Notes Payable, Credit Facilities And Senior Notes (Narrative) (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes (Tables)
Mortgage Notes Payable, Credit Facilities And Senior Notes - Amortization Of Financing Costs (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes - Carrying Value Of The Company???S Unsecured Debt (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes - Combined Aggregate Principal Maturities Of Mortgage Notes Payable (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes - Mortgage Notes Payable (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes Mortgage Notes Payable, Credit Facility And Senior Notes - Principal Repayments Of Unsecured Senior Notes (Details)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Details) - Reconciliation Between Basic And Diluted Eps
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Details) - Unamortized Balances Of Deferred Charges
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Details)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Supplemental Cash Flow Disclosure) (Details)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Preferred Stock Of Roic
Preferred Stock Of Roic (Details)
Quarterly Results Of Operations (Unaudited)
Quarterly Results Of Operations (Unaudited) (Details) - Quarterly Results Of Operations For Roic
Quarterly Results Of Operations (Unaudited) (Details) - Quarterly Results Of Operations For The Operating Partnership
Quarterly Results Of Operations (Unaudited) (Tables)
Real Estate Investments
Real Estate Investments (Acquisitions) (Details)
Real Estate Investments (Details) - Operating Results Included In The Company's Historical Consolidated Statement Of Operations For Properties Acquired During The Reported Periods
Real Estate Investments (Details) - Purchase Price Allocation Of Properties Acquired
Real Estate Investments (Tables)
Related Party Transactions
Related Party Transactions (Details)
Schedule Iii - Real Estate And Accumulated Depreciation
Schedule Iii - Real Estate And Accumulated Depreciation (Details) - Real Estate And Accumulated Depreciation
Schedule Iii - Real Estate And Accumulated Depreciation (Details) - Reconciliation Of Accumulated Depreciation
Schedule Iii - Real Estate And Accumulated Depreciation (Details) - Reconciliation Of Real Estate - Owned Subject To Operating Leases
Schedule Iii - Real Estate And Accumulated Depreciation - Summary (Details)
Schedule Iv - Mortgage Loans On Real Estate
Schedule Iv - Mortgage Loans On Real Estate (Details)
Stock Compensation And Other Benefit Plans For Roic
Stock Compensation And Other Benefit Plans For Roic (Details) - Status Of Non-Vested Restricted Stock Awards
Stock Compensation And Other Benefit Plans For Roic (Narrative) (Details)
Stock Compensation And Other Benefit Plans For Roic (Tables)
Subsequent Events
Subsequent Events (Details)
Tenant Leases
Tenant Leases (Details) - Minimum Future Rentals To Be Received Under Non-Cancellable Leases
Tenant Leases (Tables)
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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