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Retail Opportunity Investments Partnership, Lp (1577230) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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1577230 Annual Reports

  • 10-K Annual Report February 2022
  • 10-K Annual Report February 2021
    10-K Annual Report February 2020
    10-K Annual Report February 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, February 16, 2022

Retail Opportunity Investments Corp. Reports 2021 Results

San Diego, CA, February 16, 2022 - Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2021.

YEAR 2021 HIGHLIGHTS
$53.5 million of net income attributable to common stockholders ($0.44 per diluted share)
$127.9 million in Funds From Operations(1) ($1.00 per diluted share)
97.5% portfolio lease rate at year-end (9th consecutive year above 96%)
3.0% increase in same-center cash net operating income (2021 vs. 2020)
14.9% increase in same-space cash rents on new leases (4.3% increase on renewals)
$122.4 million of grocery-anchored shopping center acquisitions
$69.7 million of property dispositions (completed exit of Sacramento market)
$69.6 million of common equity raised through ATM program
$48.7 million reduction in year-end principal debt outstanding (2021 vs. 2020)
100% of debt effectively fixed-rate & zero balance on credit facility at year-end
Advanced environmental, social & governance initiatives

4TH QUARTER 2021 HIGHLIGHTS
$8.5 million of net income attributable to common stockholders ($0.07 per diluted share)
$32.6 million in Funds From Operations(1) ($0.25 per diluted share)
$94.5 million of grocery-anchored shopping center acquisitions
5.6% increase in same-center cash net operating income (4Q‘21 vs. 4Q‘20)
27.1% increase in same-space cash rents on new leases (4.8% increase on renewals)
$23.5 million of common equity raised through ATM program

2022 YEAR-TO-DATE HIGHLIGHTS
$36.0 million of grocery-anchored shopping center acquisitions currently under contract
Awarded investment-grade rating upgrade from Fitch Ratings, Inc.
$0.13 per share cash dividend declared
________________________________________
(1) A reconciliation of GAAP net income to Funds From Operations (FFO) is provided at the end of this press release.

Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, “Capitalizing on the fundamental long-term strength and appeal of our grocery-anchored portfolio, during 2021 we continued to achieve solid leasing results. We increased our year-end portfolio lease rate to a near record high of 97.5%, and for the ninth consecutive year achieved double-digit rent growth on same-space new leases. Additionally, during the second half of


The following information was filed by Retail Opportunity Investments Partnership, Lp on Wednesday, February 16, 2022 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

Audit Information
Cover
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 (Tables)
Acquired Lease Intangibles - Future Amortization Of Acquired Lease Intangible Assets (Details)
Acquired Lease Intangibles - Future Amortization Of Acquired Lease Intangible Liabilities (Details)
Acquired Lease Intangibles - Intangible Assets And Liabilities (Details)
Acquired Lease Intangibles - Narrative (Details)
Capital Of The Operating Partnership
Capital Of The Operating Partnership (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Future Minimum Annual Lease Payments Under Operating Leases (Details)
Commitments And Contingencies - Narrative (Details)
Common Stock Of Roic
Common Stock Of Roic (Details)
Derivative And Hedging Activities
Derivative And Hedging Activities (Tables)
Derivative And Hedging Activities - Fair Value And Classification (Details)
Derivative And Hedging Activities - Gain Or Loss Recognized (Details)
Derivative And Hedging Activities - Measured At Fair Value On Recurring Basis (Details)
Derivative And Hedging Activities - Notional Amounts (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Details)
Mortgage Notes Payable, Credit Facilities And Senior Notes
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 - Narrative (Details)
Mortgage Notes Payable, Credit Facilities 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 (Policies)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies - Basic And Diluted Eps (Details)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies - Dividends Declared (Details)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies - Narrative (Details)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies - Supplemental Cash Flow (Details)
Organization, Basis Of Presentation And Summary Of Significant Accounting Policies - Unamortized Balances Of Deferred Costs (Details)
Preferred Stock Of Roic
Preferred Stock Of Roic (Details)
Real Estate Investments
Real Estate Investments (Tables)
Real Estate Investments - Narrative (Details)
Real Estate Investments - Operating Results Included For Property Assets Acquired (Details)
Real Estate Investments - Purchase Price Allocation Of Properties Acquired (Details)
Related Party Transactions
Related Party Transactions (Details)
Schedule Iii - Real Estate And Accumulated Depreciation
Schedule Iii - Real Estate And Accumulated Depreciation - Real Estate And Accumulated Depreciation (Details)
Schedule Iii - Real Estate And Accumulated Depreciation - Reconciliation Of Accumulated Depreciation (Details)
Schedule Iii - Real Estate And Accumulated Depreciation - Reconciliation Of Real Estate - Owned Subject To Operating Leases (Details)
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 (Tables)
Stock Compensation And Other Benefit Plans For Roic - Narrative (Details)
Stock Compensation And Other Benefit Plans For Roic - Non-Vested Restricted Stock Awards (Details)
Subsequent Events
Subsequent Events (Details)
Tenant Leases
Tenant Leases (Details)
Tenant Leases (Tables)
CIK: 1577230
Form Type: 10-K Annual Report
Accession Number: 0001407623-22-000049
Submitted to the SEC: Thu Feb 17 2022 1:39:13 PM EST
Accepted by the SEC: Thu Feb 17 2022
Period: Friday, December 31, 2021
Industry: Real Estate Investment Trusts

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