Retail Opportunity Investments Q2 FFO Rises; Reaffirms 2013 FFO Guidance

(RTTNews) - Retail Opportunity Investments Corp. (ROIC) reported that its second-quarter funds from operations for the second quarter of 2013 rose to $12.7 million or $0.18 per share, from $12.05 million in the year ago quarter.

Net income attributable to common stockholders for the quarter was $2.47 million, or $0.03 per share, down from $4.42 million or $0.09 per share in the year ago quarter.

Total revenues for the quarter improved to $26.06 million from $18.12 million in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report revenues of $26.01 million for the quarter. Analysts' estimates typically exclude special items.

On July 31, 2013, ROIC's board of directors declared a cash dividend on its common stock of $0.15 per share, payable on September 30, 2013 to stockholders of record on September 16, 2013.

The company maintained its previously stated guidance for the full year 2013 that FFO will be within the range of $0.77 to $0.82 per share and net income will be within the range of $0.14 to $0.16 per share.