NasdaqGS - Nasdaq Real Time Price • USD Retail Opportunity Investments Corp. (ROIC) Follow Compare 17.40 -0.03 (-0.17%) At close: December 19 at 4:00:00 PM EST 17.40 0.00 (0.00%) After hours: December 19 at 4:20:00 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Blackstone Acquires Retail REIT In $4 Billion Deal – Big Bet On American Shoppers Blackstone Real Estate (NYSE:BX) is paying $4 billion for Retail Opportunity Investment Corp. (NASDAQ:ROIC) in an all-cash deal, including debt. The move comes after Reuters reported that the alternative asset manager was negotiating to buy the ... Blackstone to Acquire Retail Opportunity Investments for $4 Billion All-cash deal valued at $17.50 per share. Blackstone to Buy Retail Opportunity Investments in $4 Billion Take-Private Deal Blackstone to Buy Retail Opportunity Investments in $4 Billion Take-Private Deal Blackstone Real Estate to take Retail Opportunity private in $4 billion deal Reuters reported on Sunday that the alternative asset manager was in advanced talks for the acquisition of the company, which owns strip malls across the United States. Owners of strip malls, pharmacy chains and retail stores have managed to pass on increased costs from high inflation to consumers over the past year, benefiting landlords like ROIC. The real estate investment trust has raised rents, achieving a 13.8% increase in same-space new leases during the third quarter, according to its most recent quarterly report. What's Going On With Blackstone Stock Today? Blackstone (NYSE:BX) shares are trading higher on Wednesday. In fact, several banking and private equity shares traded higher after Donald Trump won the U.S. presidential election. Meanwhile, Blackstone Real Estate Partners X has agreed to acquire all outstanding shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC) for $17.50 per share. The all-cash deal is valued at approximately $4 billion, including Retail Opportunity Investments’ outstanding debt. The purchase price represents a prem Blackstone Real Estate to Take Retail Opportunity Investments Private for $4 Billion NEW YORK & SAN DIEGO, November 06, 2024--Blackstone (NYSE: BX) and Retail Opportunity Investments Corp. (Nasdaq: ROIC) ("ROIC" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC’s portfolio consists of 93 high-quality, grocery-anchored retail propertie Exclusive-Blackstone in advanced talks to acquire shopping center owner Retail Opportunity, sources say NEW YORK (Reuters) -Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp, which owns U.S. shopping centers and has a market value of $3.4 billion including debt, according to people familiar with the matter. Blackstone is likely to prevail in the auction for ROIC that has also attracted interest from other private equity firms, including Bain Capital, the sources said. Earlier this year, Bain Capital's real estate arm and retail investor 11North Partners had formed a partnership to acquire and operate open-air retail centers in North America. Retail Opportunity Investments Corp (ROIC) Q3 2024 Earnings Call Highlights: Strong Leasing ... ROIC reports robust leasing and strategic property transactions, while navigating NOI declines and refinancing hurdles. Retail Opportunity Investments (ROIC) Q3 FFO Lag Estimates Retail Opportunity Investments (ROIC) delivered FFO and revenue surprises of -3.85% and 1.25%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock? Retail Opportunity Investments: Q3 Earnings Snapshot The results fell short of Wall Street expectations. The San Diego-based real estate investment trust said it had funds from operations of $33.2 million, or 25 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 26 cents per share. Retail Opportunity Investments Corp. Reports 2024 Third Quarter Results SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and nine months ended September 30, 2024. HIGHLIGHTS $32.1 million of net income attributable to common stockholders ($0.25 per diluted share)$33.2 million in Funds From Operations (FFO)(1) ($0.25 per diluted share)FFO per diluted share guidance for 2024 updated ($1.03 - $1.05 per diluted share)$68.8 million of dispositions in 3Q‘24 ($26.7 Retail Opportunity Investments Corp. Schedules Third Quarter Earnings Release and Conference Call SAN DIEGO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC) will issue financial and operational results for the third quarter ended September 30, 2024, after the market closes on Tuesday, October 22, 2024. The Company will conduct a conference call and audio webcast on Wednesday, October 23, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time. To participate in the conference call, click on the following link (ten minutes prior to the call) to register 2 Retail REITs Yielding 4-6% To Load Up On In August Retail real estate investment trusts (REITs) specialize in owning and managing retail properties, including shopping centers, malls, strip malls and other retail spaces. Retail REITs generate revenue by leasing space to retailers. As with all REITs, ... Best Performing REITs In July July was an excellent month for REITs overall, with about 90% of them posting positive gains. Several factors contributed to this strong performance, including a sell-off in tech stocks that sparked a money flow into dividend stocks like real estate ... Exclusive-Blackstone in bid to acquire shopping center owner Retail Opportunity, sources say (Reuters) -Private equity firm Blackstone is in early-stage talks to acquire Retail Opportunity Investments Corp (ROIC), which owns U.S. shopping centers and has a market value of close to $2 billion, according to people familiar with the matter. Blackstone's interest comes after ROIC's shares lost more than 10% of their value in the last 12 months, underperforming some other real estate investment trusts (REITs). The buyout firm's approach indicates it sees values in ROIC's properties, which mainly house supermarkets and drugstores. Q2 2024 Retail Opportunity Investments Corp Earnings Call Q2 2024 Retail Opportunity Investments Corp Earnings Call Retail Opportunity Investments (ROIC) Q2 FFO Lag Estimates Retail Opportunity Investments (ROIC) delivered FFO and revenue surprises of -3.85% and 3.25%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock? Retail Opportunity Investments Corp. Reports 2024 Second Quarter Results SAN DIEGO, July 23, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and six months ended June 30, 2024. HIGHLIGHTS $7.4 million of net income attributable to common stockholders ($0.06 per diluted share)$34.1 million in Funds From Operations (FFO)(1) ($0.25 per diluted share)FFO per diluted share guidance for 2024 updated ($1.04 - $1.07 per diluted share)97.0% portfolio lease rate at 6/30/24 (increased from Zacks Industry Outlook Realty Income, Essential Properties Realty and Retail Opportunity Investments Realty Income, Essential Properties Realty and Retail Opportunity Investments have been highlighted in this Industry Outlook article. Retail Opportunity Investments Corp. Issues Annual Environmental, Social & Governance Report SAN DIEGO, June 26, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today the release of its annual Environmental, Social and Governance (ESG) report, detailing its ESG achievements during 2023, as well as its ongoing initiatives and goals. The report was prepared in accordance with the Sustainability Accounting Standards Board standards, the Task Force on Climate-related Financial Disclosures framework, and the United Nations Sustainable Development Goals. Performance Overview Trailing total returns as of 12/19/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return ROIC S&P 500 YTD +28.20% +23.00% 1-Year +29.31% +23.76% 3-Year +5.10% +26.98%