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Apr 03, 2020

Retail Opportunity Investments Corp. Withdraws 2020 FFO Guidance

SAN DIEGO, April 03, 2020 (GLOBE NEWSWIRE) -- In light of the ongoing COVID-19 pandemic, Retail Opportunity Investments Corp. (NASDAQ: ROIC) has withdrawn its 2020 FFO Guidance as previously disclosed in its fourth quarter 2019 earnings press release, dated February 18, 2020.  The Company will provide additional information regarding operational and financial activities in its upcoming first quarter 2020 earnings press release to be issued on April 22, 2020.

ABOUT RETAIL OPPORTUNITY INVESTMENTS CORP.

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of December 31, 2019, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services and Standard & Poor's. Additional information is available at: www.roireit.net.

When used herein, the words "believes," "anticipates," "projects," "should," "estimates," "expects," guidance” and similar expressions are intended to identify forward-looking statements with the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and in Section 21F of the Securities and Exchange Act of 1934, as amended. Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of ROIC to differ materially from future results expressed or implied by such forward-looking statements. Information regarding such risks and factors is described in ROIC's filings with the SEC, including its most recent Annual Report on Form 10-K, which is available at: www.roireit.net.

Contact:
Ashley Rubino, Investor Relations
858-255-4913
arubino@roireit.net

Source: Retail Opportunity Investments Corp.

Retail Opportunity Investments Corp. Logo

Source: Retail Opportunity Investments Corp.

Stock Information

  • Sep 25, 2020
  • 11:09 pm EDT

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