Retail Opportunity reports Q1 EPS FFO 28c, consensus 26c

Reports Q1 EPS 9c consensus 7c..At March 31, ROIC had total real estate assets of approximately $3.5B and approximately $1.4B of principal debt outstanding, of which approximately $1.3B was unsecured debt, including $68.0M outstanding on its $600.0M unsecured credit facility. For the first quarter of 2024, ROIC’s net principal debt-to-annualized EBITDA ratio was 6.4 times, and 91.4% of its total principal debt outstanding was effectively fixed-rate at March 31…Overall, the longterm fundamentals of our business and portfolio continue to be strong and we are on track thus far to achieve our previously stated objectives for 2024.”