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EX - 99.1 2 roic - 63021xpressreleasexex.htm EX - 99.1 Retail Opportunity Investments Corp. TRADED : NASDAQ : ROIC 11250 El Camino Real , Suite 200 San Diego , CA 92130 FOR IMMEDIATE RELEASE Wednesday , July 28 , 2021 Retail Opportunity Investments Corp. Reports Second Quarter 2021 Results San Diego , CA , July 28 , 2021 - Retail Opportunity Investments Corp. ( NASDAQ : ROIC ) announced today financial and operating results for the three and six months ended June 30 , 2021 . • HIGHLIGHTS $ 16.5 million of net income attributable to common stockholders ( $ 0.14 per diluted share ) " $ 31.7 million in Funds From Operations ( ) ( $ 0.25 per diluted share ) ■ 9.6 % increase in same - center cash net operating income ( 20'21 vs. 20'20 ) ■ 96.9 % portfolio lease rate at June 30 , 2021 ■ 338,230 square feet of leases executed ( record second quarter activity ) " " ■ 15.8 % increase in same - space cash rents on new leases ( 3.3 % increase on renewals ) $ 61 million grocery - anchored shopping center acquisitions currently lined up $ 25.8 million property disposition completed $ 45 million property dispositions currently lined up ( exiting Sacramento ) $ 34.8 million of common equity raised through ATM program ( $ 46.1 million YTD ) $ 117 million of capital lined up year - to - date ( equity issuance and sale proceeds combined ) $ 48.3 million debt reduction year - to - date ( 6/30/21 vs. 12/31/20 ) No borrowings outstanding on unsecured credit facility at June 30 , 2021 Investment - grade rating reaffirmed by Moody's and S & P " Awarded 2021 Green Lease Leader Gold recognition for ESG initiatives ■ 2021 FFO guidance range updated ( $ 0.98 to $ 1.02 per diluted share ) ■ $ 0.11 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 strength and appeal of our grocery - anchored portfolio , we had a highly productive and active second quarter . We achieved a new second quarter record in terms of leasing activity , as well as double - digit rent growth on new leases . Additionally , we are moving forward with our investment recycling program . We currently have approximately $ 132 million of transactions completed or lined up , including approximately $ 61 million of grocery - anchored shopping center acquisitions and approximately $ 71 million of property dispositions . ” Tanz further commented , “ We are heading into the second half of 2021 with excellent momentum and look forward to continuing to advance our business and enhance long - term value . "