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Retail Opportunity Investments Corp. 11250 El Camino Real , Suite 200 San Diego , CA 92130 FOR IMMEDIATE RELEASE Tuesday , October 26 , 2021 ▪ San Diego , CA , October 26 , 2021 - Retail Opportunity Investments Corp. ( NASDAQ : ROIC ) announced today financial and operating results for the three and nine months ended September 30 , 2021 . ■ ■ TRADED : NASDAQ : ROIC ■ Retail Opportunity Investments Corp. Reports Third Quarter 2021 Results HIGHLIGHTS $ 21.1 million of net income attributable to common stockholders ( $ 0.17 per diluted share ) $ 32.6 million in Funds From Operations¹ ) ( $ 0.25 per diluted share ) 97.4 % portfolio lease rate at September 30 , 2021 4.0 % increase in same - center cash net operating income ( 3Q'21 vs. 3Q'20 ) 10.9 % increase in same - space cash rents on new leases ( 5.2 % increase on renewals ) $ 122.7 million of grocery - anchored shopping center acquisitions lined up year to date $ 60.4 million of grocery - anchored shopping centers acquired YTD ( $ 27.9 million in 3Q'21 ) $ 62.3 million of grocery - anchored shopping center acquisitions currently under contract $ 69.7 million of property dispositions YTD ( $ 43.9 million in 3Q'21 , exited Sacramento ) $ 46.1 million of common equity raised YTD ( $ 11.2 million in 3Q'21 ) No borrowings outstanding on unsecured credit facility at September 30 , 2021 2021 FFO guidance range reaffirmed ( $ 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 , “ During the third quarter we again posted solid leasing results capitalizing on the strong demand for space . We increased our portfolio lease rate to over 97 % again and achieved releasing rent growth on both new leases signed as well as renewals . Additionally , we are enhancing our portfolio through our disciplined investment program . To date , we have lined up $ 122.7 million of grocery - anchored shopping center acquisitions . We also completed our exit of the Sacramento market , selling our last two properties during the third quarter . " Tanz further commented , " Looking ahead , we are poised to have a solid finish to 2021 and are diligently working to position the company for a strong 2022. " FINANCIAL RESULTS SUMMARY For the three months ended September 30 , 2021 , GAAP net income attributable to common stockholders was $ 21.1 million , or $ 0.17 per diluted share , as compared to GAAP net income attributable to common stockholders of $ 6.5 million , or $ 0.06 per diluted share , for the three months ended September 30 , 2020. For the nine months ended September 30 , 2021 , GAAP net income attributable to common stockholders was $ 45.0 million , or $ 0.38 per diluted share , as compared to GAAP net income attributable to common stockholders of $ 23.1 million , or $ 0.20 per diluted share , for the nine months ended September 30 , 2020. Included in net income for the three and nine months ended September 30 , 2021 were $ 12.9 million and $ 22.3 million , respectively , of gain on sale of real estate .