SAN DIEGO, Feb. 15, 2023 (GLOBE NEWSWIRE) — Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the year and three months ended December 31, 2022. YEAR 2022 HIGHLIGHTS $51.9 million of net income attributable to common stockholders ( $0.42 per diluted share) $145.3 million in Funds From Operations (1) ( $1.10 per diluted share) 10.0% growth in Funds From Operations per diluted share (2022 vs. 2021) 4.6% increase in same-center cash net operating income (2022 vs. 2021) 98.1% portfolio lease rate at year-end (all-time record high) 1.6 million square feet leased (all-time record activity) 23.2% increase in same-space cash rents on new leases ( 7.8% increase on renewals) $120.2 million of grocery-anchored shopping center acquisitions $61.4 million of capital raised ($36.2 million disposition, $25.2 million ATM stock issuance) $23.5 million of mortgage debt retired 96.6% of portfolio’s gross leasable area unencumbered at year-end (all-time record high) Advanced environmental, social & governance initiatives 4TH QUARTER 2022 HIGHLIGHTS $10.2 million of net income attributable to common stockholders ( $0.08 per diluted share) $35.9 million in Funds From Operations ( $0.27 per diluted share) 5.0% increase in same-center cash net operating income (4Q‘22 vs. 4Q‘21) 6.6x net principal […]
Click here to view original web page at www.globenewswire.com
