Retail Value Inc (fka RVIC)

[Enterprising Investor]

Retail Value Inc. Reports Second Quarter 2019 Operating Results (8/06/19)

BEACHWOOD, Ohio--(BUSINESS WIRE)--Retail Value Inc. (NYSE: RVI) today announced operating results for the quarter ended June 30, 2019.

Results for the Quarter

- Second quarter net income attributable to common shareholders was $13.6 million, or $0.72 per diluted share. Second quarter operating funds from operations attributable to common shareholders (“Operating FFO” or “OFFO”) was $24.4 million, or $1.28 per diluted share.

- Sold four shopping centers for an aggregate sales price of $151.5 million.

- The Continental U.S. leased rate remained at 92.2%.

- The Puerto Rico leased rate was 84.6% as compared to 85.3% at March 31, 2019 due to the Payless bankruptcy and natural lease expirations.
Key Quarterly Operating Results

About RVI

RVI is an independent publicly traded company trading under the ticker symbol “RVI” on the New York Stock Exchange. RVI holds assets in the continental U.S. and Puerto Rico and is managed by one or more subsidiaries of SITE Centers Corp. RVI focuses on realizing value in its business through operations and sales of its assets. Additional information about RVI is available at www.retailvalueinc.com.

https://www.businesswire.com/news/home/20190806005660/en/Retail-Reports-Quarter-2019-Operating-Results