05:35 PM EDT, 04/23/2024 (MT Newswires) -- Retail Opportunity Investments ( ROIC ) reported Q1 funds from operations late Tuesday of $0.28 per diluted share, up from $0.25 a year earlier.

Analysts polled by Capital IQ expected $0.27.

Revenue for the quarter ended March 31 was $85.3 million, up from $79.3 million a year earlier.

Analysts surveyed by Capital IQ expected $83.8 million.

The company reaffirmed its 2024 FFO guidance of $1.03 to $1.09 per share. Analysts polled by Capital IQ expect $1.05.