Round Hill Shopping Center owners’ revenue grows
Retail Opportunity Investments Corp., owners of the Round Hill Square Shopping Center, posted its quarterly earnings report this week showing net income attributable to common stockholders for the quarter ending Sept. 30 at $2.5 million, or $0.06 per diluted share.
Revenue for the quarter came in at $13.56 million, compared to $4.84 million this time last year.
ROIC bought the Nevada center in August for $22 million in a foreclosure deal. The 117,000-square-foot center anchored by Safeway is 79.3 percent occupied.
As of Sept. 30, ROIC had total assets of $650.7 million with $200.6 million of debt outstanding, including $110 million outstanding on its unsecured term loan and $29.9 million on its unsecured revolving credit lines.
A cash dividend of $0.12 per share of common stock will be paid to investors Nov. 30.
— Lake Tahoe News staff report
What a wierd article. If you go to this shopping center you will see that it is mostly non retail business and is pretty much empty. What, are we supposto think that buying shares into this facility is a good investment? Probably not
It was better before they remodeled,when they lost the “Midnight Mine” they lost a all time favorite .
No one in the area ever came close to their old mine shaft with the old miner painting, great salad ,soup, bar,affordable steaks,fresh seafood, and great service.
Turtles, The Network,always had good tunes, dancing out there.