REIT that owns and operates shopping centers anchored by necessity-based retailers in densely populated markets.
Retail Opportunity Investments Corp. (NASDAQ: ROIC) operates as a fully-integrated, self-managed real estate investment trust (REIT) specializing in the acquisition, ownership, and management of grocery-anchored shopping centers. These centers are strategically located in densely populated metropolitan markets across the West Coast of the United States. As of September 30, 2020, ROIC's portfolio comprised 88 shopping centers totaling approximately 10.1 million square feet.
ROIC distinguishes itself as the largest publicly-traded REIT focused exclusively on grocery-anchored shopping centers in the West Coast region.m. This niche focus allows the company to leverage its deep market knowledge and operational expertise to enhance the value and performance of its properties.
Included in the S&P SmallCap 600 Index, ROIC has earned investment-grade corporate debt ratings from leading agencies such as Moody's Investor Services, S&P Global Ratings, and Fitch Ratings, Inc. These ratings underscore the company's robust financial health and its ability to access capital markets effectively.
With a commitment to sustainable growth and value creation, ROIC continues to pursue strategic acquisitions and proactive management strategies aimed at optimizing tenant mix, improving occupancy rates, and maximizing shareholder returns in its targeted West Coast markets.