Retail Opportunity Investments Corp. (ROIC): Update to credit analysis following ratings affirmation and outlook revision
Our credit view of ROIC considers the improvement in leverage levels, good liquidity and strong leasing activity, constrained by the portfolio's small scale and geographic concentration.Retail Opportunity Investments is a self-managed real estate investment trust. The company is engaged in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the U.S., anchored by supermarkets and drugstores. The company focuses on leasing to retailers that provide necessity-based, non-discretionary goods and services, catering to the basic and daily needs of the surrounding community. The company conducts substantially all of its business through its operating partnership, Retail Opportunity Investments Partnership, LP, a limited partnership, together with its subsidiaries.
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