Earnings Call Summary | Retail Opportunity Investments Corp(ROIC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Retail Opportunity Investments Corp(ROIC.US) Q1 2024 Earnings Conference
The following is a summary of the Retail Opportunity Investments Corp. (ROIC) Q1 2024 Earnings Call Transcript:
以下是零售機會投資公司（ROIC）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Total revenues increased to $85.3 million for Q1 2024, driven by higher base rents and high amortization of above and below-market rent.
GAAP net income attributable to common shareholders was $11 million for the quarter, equating to $0.09 per diluted share.
FFO for the quarter was $37.9 million, which equates to $0.28 per diluted share.
Same-center net operating income increased by 5.7% in Q1, driven by base rent, recovery increases, and an increase in other income from lease recapture initiatives.
Financing activities included buying a shopping center for $70M and selling two properties totaling $68M.
Despite an anchor vacating, lease amortization was high for the quarter.
2024年第一季度的總收入增至8,530萬美元，這得益於更高的基本租金以及高於和低於市場水平的租金的高額攤銷。
本季度歸屬於普通股股東的GAAP淨收益爲1,100萬美元，相當於攤薄後每股收益0.09美元。
該季度的FFO爲3,790萬美元，相當於攤薄後每股收益0.28美元。
受基本租金、復甦增長以及租賃收回計劃其他收入增加的推動，第一季度同中心的淨營業收入增長了5.7％。
融資活動包括以7000萬美元的價格購買購物中心和出售兩處總額爲6800萬美元的房產。
儘管有錨點騰空，但本季度的租約攤銷量仍居高不下。
Business Progress:
業務進展：
The company has leased all available anchor spaces at higher rents, and the space at a recently acquired shopping center in the San Diego market is fully leased.
Retail Opportunity Investments Corp. is on the lookout for possible acquisition opportunities and projects an acquisition guidance range of $100 to $300 million.
The company is experiencing strong leasing demand and notable rent growth, with an increase of 12% on new leases and 7% on renewals in Q1 2024.
Proactive discussions with Kroger and Albertsons have continued during their merger talks.
The company plans to return to the bond market, aiming for a ten-year deal.
They maintain an active leasing pipeline, driven by a mix of necessity, service, and destination tenants looking to expand in core West Coast markets.
Two properties were disposed of, including a single tenant property and another property with future growth issues.
The company is set to attend the annual ICSC Convention, further highlighting industry engagement.
該公司已以更高的租金租賃了所有可用的錨定空間，最近收購的聖地亞哥市場購物中心的空間已全部租出。
零售機會投資公司正在尋找可能的收購機會，並預計收購指導範圍爲1億至3億美元。
該公司的租賃需求強勁，租金增長顯著，2024年第一季度新租約增長12％，續約增長7％。
在合併談判期間，與克羅格和艾伯森的積極討論仍在繼續。
該公司計劃重返債券市場，目標是達成一項爲期十年的協議。
在尋求在西海岸核心市場擴張的必需品、服務和目的地租戶的推動下，他們保持着活躍的租賃渠道。
出售了兩處房產，包括一處單一租戶房產和另一處有未來增長問題的房產。
該公司將參加一年一度的ICSC大會，進一步突出行業參與度。
More details: Retail Opportunity Investments Corp IR
更多詳情： 零售機會投資公司 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。