05:20 PM EDT, 07/23/2024 (MT Newswires) -- Retail Opportunity Investments ( ROIC ) reported Q2 funds from operations late Tuesday of $0.25 per share, down from $0.27 a year earlier.

Analysts polled by Capital IQ expected FFO of $0.25.

Revenue for the quarter that ended June 30 was $83.3 million, up from $82 million a year earlier.

Analysts surveyed by Capital IQ expected $81.1 million.

The company narrowed 2024 FFO outlook to $1.04 to $1.07 per share from $1.03 to $1.09 per share previously. Analysts polled by Capital IQ expect $1.05.