California has a rich history of songs dedicated to the state, with famous examples from The Beach Boys, Joni Mitchell, and Katy Perry. Concerns about California's population decline and exposure to natural risks raise questions about the future of businesses in the state. Despite these concerns, certain California-based REITs like Rexford Industrial, Essex Property Trust, and Retail Opportunit...
SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC), announced today the federal tax treatment of the 2023 distributions on its shares of common stock. The federal tax treatment of the 2023 distributions as it is expected to be reported on Form 1099-DIV is as follows:
SAN DIEGO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC) will issue financial and operational results for the fourth quarter and year ended December 31, 2023, after the market closes on Wednesday, February 14, 2024. The Company will conduct a conference call and audio webcast on Thursday, February 15, 2024, at 12:00 p.m.
Retail Opportunity Investments is a West Coast-focused REIT with strong fundamentals and a solid portfolio of grocery-anchored shopping centers. Despite a drop in valuation, ROIC maintains high occupancy rates and investment-grade credit ratings. The company offers a 5%+ yield and potential for growth, making it a good alternative for investors seeking diversification and West Coast exposure.
Retail Opportunity Investments Corp. stock has underperformed the Vanguard Real Estate Index ETF in the past year. It owns shopping center properties along the West Coast with a high leased rate, and the majority of tenants are e-commerce resistant. ROIC is materially undervalued compared to both its historical valuation as well as that of its peers.
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