Retail Opportunity Investments Corp. Provides April Rent Update
May 05 2020 - 4:05PM
Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today
that to date it has received 70.2% of total billed base rent, on a
cash basis, for the month of April.
Stuart A. Tanz, President and Chief Executive
Officer of Retail Opportunity Investments Corp. stated, “When we
reported first quarter results on April 22nd, at that time we had
received 67.7% of April base rent, on a cash basis. Since that
time, we received additional April base rent bringing our total to
70.2%, on a cash basis. We continue to work diligently and
thoughtfully with our tenants and look forward to a solid recovery
once stay-at-home orders are safely lifted on the West Coast and
all of our tenants can reopen and can begin serving their
communities again.”
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 March 31, 2020, 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
Relations858-677-0900arubino@roireit.net
Source: Retail Opportunity Investments
Corp.
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